For the year ending 2025-12-31, CMSD made $8,539M in revenue. $1,061M in net income. Net profit margin of 12.43%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Operating revenue | 8,539 | 7,515 | 7,462 | 8,596 |
| Fuel for electric generation | 657 | 624 | 561 | - |
| Cost of goods and services sold-Electricity Purchased | 1,706 | 1,333 | 1,375 | - |
| Purchased power related parties | 94 | 71 | 75 | - |
| Cost of goods and services sold-Oil And Gas Purchased | 809 | 640 | 902 | - |
| Maintenance and other operating expenses | 1,727 | 1,638 | 1,687 | - |
| Depreciation and amortization | 1,306 | 1,240 | 1,180 | - |
| General taxes | 513 | 482 | 447 | - |
| Total operating expenses | 6,812 | 6,028 | 6,227 | 7,372 |
| Operating income | 1,727 | 1,487 | 1,235 | 1,224 |
| Non-operating retirement benefits, net | 186 | 169 | 180 | 205 |
| Other income | 151 | 207 | 195 | 19 |
| Other expense | 27 | 32 | 13 | 27 |
| Total other income | 310 | 344 | 362 | 197 |
| Interest on long-term debt | 798 | 700 | 616 | 509 |
| Interest expense related parties | - | - | - | 12 |
| Other interest expense-Related Party | 11 | 12 | 12 | - |
| Other interest expense | - | - | - | 0 |
| Other interest expense-Nonrelated Party | -9 | 14 | 18 | - |
| Allowance for borrowed funds used during construction | 11 | 18 | 3 | 2 |
| Total interest charges | 789 | 708 | 643 | 519 |
| Income (loss) before income taxes | 1,248 | 1,123 | 954 | 902 |
| Income tax expense | 246 | 176 | 147 | 93 |
| Income (loss) from continuing operations | 1,002 | 947 | - | 809 |
| Income from discontinued operations, net of tax of for all periods | 0 | 0 | 1 | 4 |
| Profit Loss | 1,002 | 947 | - | 813 |
| Loss attributable to noncontrolling interests | -69 | -56 | -79 | -24 |
| Net income | 1,071 | 1,003 | 887 | 837 |
| Preferred stock dividends | 10 | 10 | 10 | 10 |
| Net income (loss) available to common stockholders | 1,061 | 993 | 877 | 827 |
| Basic earnings per average common share (in dollars per share) | 3.53 | 3.34 | 3.01 | 2.85 |
| Diluted earnings per average common share (in dollars per share) | 3.53 | 3.33 | 3.01 | 2.85 |
| Weighted average shares - basic (in shares) | 300,400,000 | 297,600,000 | 291,200,000 | 289,500,000 |
| Weighted average shares - diluted (in shares) | 301,000,000 | 298,300,000 | 291,700,000 | 290,000,000 |
CMS ENERGY CORP (CMSD)
CMS ENERGY CORP (CMSD)