CMS
CMS Energy Corporation
NYSE: CMS · UTILITIES · UTILITIES - REGULATED ELECTRIC
$76.74
+2.69% today
Updated 2026-04-30
Market cap
$23.09B
P/E ratio
20.64
P/S ratio
2.62x
EPS (TTM)
$3.62
Dividend yield
2.14%
52W range
$66 – $80
Volume
3.0M
CMS Energy Corporation (CMS) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $688.00M | $27.00M | $559.00M | $848.00M | $959.00M | $1.17B | $1.24B | $1.42B | $1.45B | $1.64B | $1.63B | $1.71B | $1.70B | $1.79B | $1.28B | $1.82B | $855.00M | $2.31B | $2.37B | $2.23B |
| Capital expenditures | $670.00M | $1.38B | $792.00M | $818.00M | $821.00M | $882.00M | $1.23B | $1.32B | $1.58B | $1.56B | $1.67B | $1.67B | $2.07B | $2.24B | $2.45B | $2.21B | $2.48B | $3.22B | $3.02B | $3.82B |
| Depreciation | $576.00M | $545.00M | $589.00M | $570.00M | $576.00M | $546.00M | $598.00M | $628.00M | $685.00M | $750.00M | $811.00M | $881.00M | $933.00M | $992.00M | $1.05B | $1.11B | $1.13B | $1.18B | $1.24B | $1.31B |
| Stock-based comp | — | $83.00M | $8.00M | $217.00M | $-210.00M | $-88.00M | $12.00M | $14.00M | $14.00M | $20.00M | $16.00M | $17.00M | $17.00M | $67.00M | $90.00M | $-746.00M | $26.00M | $28.00M | — | — |
| Free cash flow | $18.00M | $-1.35B | $-233.00M | $30.00M | $138.00M | $287.00M | $14.00M | $96.00M | $-130.00M | $76.00M | $-43.00M | $40.00M | $-371.00M | $-446.00M | $-1.17B | $-390.00M | $-1.63B | $-910.00M | $-648.00M | $-1.59B |
| Investing cash flow | $-751.00M | $658.00M | $-839.00M | $-935.00M | $-1.00B | $-1.06B | $-1.35B | $-1.53B | $-1.91B | $-2.06B | $-1.92B | $-1.87B | $-2.61B | $-2.82B | $-2.87B | $-1.23B | $-2.48B | $-3.38B | $-3.05B | $-4.04B |
| Financing cash flow | $-434.00M | $-690.00M | $145.00M | $-35.00M | $202.00M | $-199.00M | $41.00M | $190.00M | $498.00M | $463.00M | $255.00M | $110.00M | $874.00M | $1.01B | $1.62B | $-295.00M | $1.33B | $1.14B | $609.00M | $2.24B |
| Dividends paid | $11.00M | $56.00M | $95.00M | $125.00M | $162.00M | $211.00M | $252.00M | $273.00M | $295.00M | $322.00M | $347.00M | $377.00M | $407.00M | $436.00M | $467.00M | $509.00M | $546.00M | $579.00M | $626.00M | $663.00M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | — | $79.00M | $35.00M | $59.00M | $-31.00M | $-53.00M | $-29.00M | — | — | — | — | — | — | — |