CMS Energy Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 7.33B | 8.60B | 7.46B | 7.51B | 8.54B | 13.6% | |
| Cost of Revenue | (4.68B) | (5.83B) | (4.60B) | (4.31B) | (3.34B) | -22.5% | |
Gross Profit | 2.65B | 2.76B | 2.86B | 3.21B | 5.20B | 62.1% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | — | — | — | — | (3.47B) | — | |
| General & Administrative | — | — | — | — | (3.47B) | — | |
| Depreciation & Amortization | (1.11B) | (1.13B) | (1.18B) | (1.24B) | (1.15B) | -7.3% | |
Operating Income (EBIT) | 1.15B | 1.22B | 1.24B | 1.49B | 1.73B | 16.1% | |
| Non-Operating Items | |||||||
| Interest Income | 3.00M | — | — | — | — | — | |
| Interest Expense | (500.00M) | (519.00M) | (643.00M) | (708.00M) | (789.00M) | 11.4% | |
| Other Income/Expenses (Net) | -323.00M | -322.00M | -281.00M | -364.00M | -479.00M | 31.6% | |
Income Before Tax | 823.00M | 902.00M | 954.00M | 1.12B | 1.25B | 11.1% | |
| Income Tax Expense | (95.00M) | (93.00M) | (147.00M) | (176.00M) | (246.00M) | 39.8% | |
Net Income | 1.35B | 837.00M | 887.00M | 1.00B | 1.07B | 6.8% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $5 | $3 | $3 | $3 | $4 | 5.7% | |
| Weighted Avg Shares Outstanding | 289.00M | 289.50M | 291.20M | 297.60M | 300.57M | 1.0% | |
| Weighted Avg Shares Outstanding (Diluted) | 289.50M | 290.00M | 291.70M | 298.30M | 300.57M | 0.8% | |
EBITDA | 2.44B | 2.55B | 2.78B | 3.07B | 3.19B | 3.8% |
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