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CMS

CMS Energy·NYSE
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CMS fundamentals

CMS Energy (CMS) released its earnings on Oct 30, 2025: revenue was 2.02B (YoY +16.09%), beat estimates; EPS was 0.93 (YoY +10.71%), beat estimates.
Revenue / YoY
2.02B
+16.09%
EPS / YoY
0.93
+10.71%
Report date
Oct 30, 2025
CMS Earnings Call Summary for Q3,2025
  • Regulatory Wins Drive Growth: Approvals for $8 billion solar, $2.8 billion wind, and gas infrastructure investments support 5-year $20 billion capital plan.
  • Data Center Boom: Up to 2 GW of new load expected in 2026, with tariff approval in November enabling contract signings.
  • Financial Strength: Adjusted EPS up 7% YoY to $2.66, with 2025 guidance raised to $3.56-$3.60 and 2026 outlook of 6-8% growth.
  • Affordability & Efficiency: 9% returns on PPAs, cost management maintaining bills below national average, and 0.40 equity per $1 CapEx.
  • Long-Term Vision: IRP to detail battery and gas capacity needs, with Michigan's 50% renewable target by 2030 accelerating investments.
EPS
Revenue

Revenue & Expenses

CMS has released its 2025 Q3 earnings report, with revenue of 2.02B, reflecting a YoY change of 15.95%, and net profit of 272.00M, showing a YoY change of 10.12%. The Sankey diagram below clearly presents CMS's revenue sources and cost distribution.

Key Indicators

CMS Energy (CMS) key financial stats and ratios, covering profitability, financial health, and leverage.
CMS Energy (CMS)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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CMS Energy (CMS)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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CMS Energy (CMS)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does CMS Energy (CMS) generate its revenue? Explore its key revenue streams and top earning regions.
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Track CMS Energy (CMS) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield