About CMS Energy Corporation
https://www.cmsenergy.comCMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

CEO
Garrick J. Rochow
Compensation Summary
(Year 2018)
ETFs Holding This Stock
Summary
Showing Top 3 of 708
Ratings Snapshot
Rating : C+
Most Recent Analyst Grades

Jefferies
Buy

B of A Securities
Buy

BMO Capital
Outperform

Scotiabank
Sector Outperform

JP Morgan
Overweight

Barclays
Overweight
Grade Summary
Showing Top 6 of 13
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:39.17M
Value:$2.78B

BLACKROCK, INC.
Shares:31.04M
Value:$2.2B

BLACKROCK INC.
Shares:28.61M
Value:$2.03B
Summary
Showing Top 3 of 1,045
About CMS Energy Corporation
https://www.cmsenergy.comCMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.02B ▲ | $107M ▼ | $277M ▲ | 13.71% ▲ | $0.92 ▲ | $831M ▲ |
| Q2-2025 | $1.84B ▼ | $397M ▼ | $201M ▼ | 10.94% ▼ | $0.66 ▼ | $755M ▼ |
| Q1-2025 | $2.45B ▲ | $550M ▲ | $304M ▲ | 12.42% ▼ | $1.01 ▲ | $933M ▲ |
| Q4-2024 | $1.99B ▲ | $452M ▲ | $265M ▲ | 13.32% ▼ | $0.88 ▲ | $812M ▲ |
| Q3-2024 | $1.74B | $372M | $253M | 14.52% | $0.84 | $724M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $362M ▼ | $38.01B ▲ | $28.58B ▼ | $8.86B ▲ |
| Q2-2025 | $844M ▲ | $37.7B ▲ | $28.73B ▲ | $8.39B ▲ |
| Q1-2025 | $465M ▲ | $36.3B ▲ | $27.37B ▲ | $8.34B ▲ |
| Q4-2024 | $103M ▼ | $35.92B ▲ | $27.17B ▲ | $8.23B ▲ |
| Q3-2024 | $412M | $34.82B | $26.18B | $8.11B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $210M ▲ | $343M ▼ | $-1.05B ▼ | $210M ▼ | $-493M ▼ | $-635M ▼ |
| Q2-2025 | $201M ▼ | $414M ▼ | $-962M ▼ | $947M ▲ | $399M ▲ | $-470M ▼ |
| Q1-2025 | $304M ▲ | $1B ▲ | $-918M ▲ | $266M ▲ | $348M ▲ | $112M ▲ |
| Q4-2024 | $265M ▲ | $403M ▲ | $-948M ▼ | $256M ▲ | $-289M ▲ | $-515M ▼ |
| Q3-2024 | $253M | $304M | $-855M | $229M | $-322M | $-502M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Commercial Utility Service | $1.59Bn ▲ | $660.00M ▼ | $560.00M ▼ | $620.00M ▲ |
Industrial Utility Service | $550.00M ▲ | $200.00M ▼ | $210.00M ▲ | $210.00M ▲ |
Residential Utility Services | $2.91Bn ▲ | $1.32Bn ▼ | $900.00M ▼ | $980.00M ▲ |

CEO
Garrick J. Rochow
Compensation Summary
(Year 2018)
ETFs Holding This Stock
Summary
Showing Top 3 of 708
Ratings Snapshot
Rating : C+
Most Recent Analyst Grades

Jefferies
Buy

B of A Securities
Buy

BMO Capital
Outperform

Scotiabank
Sector Outperform

JP Morgan
Overweight

Barclays
Overweight
Grade Summary
Showing Top 6 of 13
Price Target
Institutional Ownership

VANGUARD GROUP INC
Shares:39.17M
Value:$2.78B

BLACKROCK, INC.
Shares:31.04M
Value:$2.2B

BLACKROCK INC.
Shares:28.61M
Value:$2.03B
Summary
Showing Top 3 of 1,045




