Utilities · Multi-Utilities
CMS Energy: revenue, profit and dividends
In fiscal 2025, CMS Energy had revenue of $8.54B, up 2.8% a year on average since 2015, and net income of $1.07B (12.5% of revenue). Its dividend per share has gone up 17 years in a row, to $2.17. It has 9% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +13.6% vs 2024
- Ticker
- CMS · NYSE
- Sector
- Utilities
- Sub-industry
- Multi-Utilities
- Headquarters
- Jackson, Michigan
- Founded
- 1886
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Cms Energy Corp · CIK 0000811156
Revenue and net income
Revenue went from $6.81B in 2008 to $8.54B in 2025.
Diluted earnings per share
Diluted EPS went from $1.20 in 2008 to $3.53 in 2025. Ten-year growth: 6.4% a year.
Dividends per share
Raised every year in the data: 17 years in a row, from 2009 to 2025. Ten-year growth: 6.5% a year.
Shares outstanding
8.9% more shares in 2025 than in 2015 (276M → 301M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Negative in 2008, 2014, 2016, 2018–2022.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $8.54B | $1.07B | 12.5% | $3.53 | $2.17 | 301M | — | — | — |
| 2024 | $7.51B | $1.0B | 13.3% | $3.33 | $2.06 | 298M | — | — | — |
| 2023 | $7.46B | $887M | 11.9% | $3.01 | $1.95 | 292M | — | — | — |
| 2022 | $8.6B | $837M | 9.7% | $2.85 | $1.84 | 290M | $855M | $2.37B | −$1.52B |
| 2021 | $7.33B | $1.35B | 18.5% | $4.66 | $1.74 | 290M | $1.82B | $2.08B | −$257M |
| 2020 | $6.42B | $755M | 11.8% | $2.64 | $1.63 | 286M | $1.28B | $2.31B | −$1.03B |
| 2019 | $6.62B | $680M | 10.3% | $2.39 | $1.53 | 284M | $1.79B | $2.1B | −$307M |
| 2018 | $6.87B | $657M | 9.6% | $2.32 | $1.43 | 283M | $1.7B | $2.07B | −$371M |
| 2017 | $6.58B | $460M | 7.0% | $1.64 | $1.33 | 281M | $1.71B | $1.67B | $40M |
| 2016 | $6.4B | $551M | 8.6% | $1.98 | $1.24 | 279M | $1.63B | $1.67B | −$43M |
| 2015 | $6.46B | $523M | 8.1% | $1.89 | $1.16 | 276M | $1.64B | $1.56B | $76M |
| 2014 | $7.18B | $477M | 6.6% | $1.74 | $1.08 | 275M | $1.48B | $1.58B | −$96M |
| 2013 | $6.57B | $452M | 6.9% | $1.66 | $1.02 | 272M | $1.42B | $1.32B | $96M |
| 2012 | $6.25B | $382M | 6.1% | $1.42 | $0.96 | 269M | $1.24B | $1.23B | $14M |
| 2011 | $6.5B | $415M | 6.4% | $1.58 | $0.84 | 263M | $1.17B | $882M | $287M |
| 2010 | $6.43B | $340M | 5.3% | $1.28 | $0.66 | 253M | $959M | $821M | $138M |
| 2009 | $6.21B | $229M | 3.7% | $0.91 | $0.50 | 238M | $848M | $818M | $30M |
| 2008 | $6.81B | $295M | 4.3% | $1.20 | $0.36 | — | $557M | $792M | −$235M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Capital expenditure: no figures after 2022 in the data.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Multi-Utilities companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.