CMSA
CMS Energy Corporation 5.6% JRSUB NT 78
NYSE · Utilities · Regulated Electric · US
$19.55
−0.56%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 8.8B | 8.5B | 7.5B | 7.5B | 8.6B |
| Cost of Revenue | 2.7B | 3.3B | 4.3B | 4.6B | 5.8B |
| Gross Profit | 6.1B | 5.2B | 3.2B | 2.9B | 2.8B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 3.9B | 3.5B | — | — | — |
| General & Admin Expense | 3.5B | 3.5B | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 564.0M | — | 1.7B | 1.6B | 1.5B |
| Total Operating Expenses | 4.5B | 3.5B | 1.7B | 1.6B | 1.5B |
| Cost and Expenses | 7.1B | 6.8B | 6.0B | 6.2B | 7.4B |
| Operating Income (EBIT) | 1.7B | 1.7B | 1.5B | 1.2B | 1.2B |
| Non-Operating | |||||
| Interest Income | (1.0M) | — | — | — | — |
| Interest Expense | 816.0M | 789.0M | 708.0M | 643.0M | 519.0M |
| Net Interest Income | (817.0M) | (789.0M) | (708.0M) | (643.0M) | (519.0M) |
| Other Non-Op Income/Expense | (544.0M) | (479.0M) | (364.0M) | (281.0M) | (322.0M) |
| Non-Operating Income (excl Interest) | (272.0M) | (310.0M) | (344.0M) | (362.0M) | (197.0M) |
| EBT (Pre-Tax Income) | 1.1B | 1.2B | 1.1B | 954.0M | 902.0M |
| Income Tax Expense | 239.0M | 246.0M | 176.0M | 147.0M | 93.0M |
| Bottom Line | |||||
| Net Income | 1.0B | 1.1B | 1.0B | 887.0M | 837.0M |
| Earnings from Cont. Ops | 887.0M | 1.0B | 947.0M | 807.0M | 809.0M |
| Earnings from Discont. Ops | — | — | — | 1.0M | 4.0M |
| Bottom Line Net Income | 1.0B | 1.1B | 993.0M | 877.0M | 827.0M |
| Per Share | |||||
| Basic EPS | $3.38 | $3.53 | $3.34 | $3.01 | $2.84 |
| Diluted EPS | $3.38 | $3.53 | $3.33 | $3.01 | $2.85 |
| Revenue Per Share | $29.32 | $28.41 | $25.25 | $25.63 | $29.69 |
| Shares | |||||
| Basic Shares Outstanding | 300.6M | 300.6M | 297.6M | 291.2M | 289.5M |
| Diluted Shares Outstanding | 300.6M | 300.6M | 298.3M | 291.7M | 290.0M |
| Profitability Metrics | |||||
| EBITDA | 3.1B | 3.2B | 3.1B | 2.8B | 2.5B |
| D&A | 1.2B | 1.1B | 1.2B | 1.2B | 1.1B |
| EBIT | 1.9B | 2.0B | 1.8B | 1.6B | 1.4B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026