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Companies/CMS Energy Corporation
Company profile

CMS Energy Corporation

NYSE: CMS · Utilities · Regulated Electric
PublicHQ Jackson, MI · JacksonCIK 0000811156Reports USD
#28 of 134 Utilities companies by revenue71st-percentile growth
EA Score
68B
FH 65DQ 86GM 36SS 83
v0.1 · 65/100 weight · provisional
↑ listing tenure, disclosure history · ↓ growth stability, 3-yr revenue growth
Methodology →
Revenue TTM
$8.8B
Rev growth YoY (TTM)
+13.3%
Net income (FY)
$1.1B
Employees
8,433
Market cap
$24.0B
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$8.3B$8.3B2025
Net income$1.1B$1.1B2025
Operating income$1.7B$1.7B2025
Total assets$39.9B$39.9B2025
Equity$9.1B$9.1B2025

Revenue trend

FY2021 – FY2025 · USD
$2.0B
FY21
$1.6B
FY21
$1.7B
FY21
$7.1B
FY21
$8.3B
FY22
$7.3B
FY23
$7.3B
FY24
$8.3B
FY25

Revenue by segment

Filed disclosures · FY2025
By product
Residential Utility Services57%
Commercial Utility Service32%
Industrial Utility Service11%
By geography

Not disclosed.

The read

CMS Energy Corporation booked $8.3B in FY2025 revenue, growing 13% year over year — faster than most Utilities companies we track, at a 12.9% net margin.

Peers · Utilities
Hydro One Limited57CNiSource Inc73BAmerican Water Works Company, Inc.79B+Evergy, Inc.54D
Key facts
CEOGarrick J. Rochow
SectorUtilities
IndustryRegulated Electric
HeadquartersJackson, MI
ExchangeNYSE: CMS
Employees8,433
IPO date1973-02-21
Latest filings
8-K2026-06-038-K2026-05-138-K2026-05-1310-Q2026-04-288-K2026-04-28DEF 14A2026-03-268-K2026-02-208-K2026-02-11
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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