Latest period
$3.98B
YoY change
+26.7%
5Y CAGR
+10.6%
Peak year (2025)
$3.82B
Cumulative CapEx
$45.99B
CapEx history chart for CMS Energy (CMS) from 1994 to 2025
Latest: $3.82B
CapEx growth chart for CMS Energy (CMS) from 1994 to 2025
Latest: +26.7%
CapEx history table for CMS Energy (CMS) from 1994 to 2025
| 2025 | $3.82B | +26.7% | +$806.00M | ||
| 2024 | $3.02B | -6.2% | −$201.00M | ||
| 2023 | $3.22B | +35.6% | +$845.00M | ||
| 2022 | $2.37B | +14.4% | +$298.00M | ||
| 2021 | $2.08B | -10.2% | −$235.00M | ||
| 2020 | $2.31B | +9.8% | +$207.00M | ||
| 2019 | $2.10B | +1.4% | +$30.00M | ||
| 2018 | $2.07B | +24.6% | +$409.00M | ||
| 2017 | $1.67B | -0.4% | −$7.00M | ||
| 2016 | $1.67B | +6.9% | +$108.00M | ||
| 2015 | $1.56B | -0.8% | −$13.00M | ||
| 2014 | $1.58B | +19.0% | +$252.00M | ||
| 2013 | $1.32B | +8.0% | +$98.00M | ||
| 2012 | $1.23B | +39.1% | +$345.00M | ||
| 2011 | $882.00M | +7.4% | +$61.00M | ||
| 2010 | $821.00M | +0.4% | +$3.00M | ||
| 2009 | $818.00M | +3.3% | +$26.00M | ||
| 2008 | $792.00M | -42.4% | −$584.00M | ||
| 2007 | $1.38B | +105.4% | +$706.00M | ||
| 2006 | $670.00M | +13.0% | +$77.00M | ||
| 2005 | $593.00M | +13.0% | +$68.00M | ||
| 2004 | $525.00M | -1.9% | −$10.00M | ||
| 2003 | $535.00M | -28.4% | −$212.00M | ||
| 2002 | $747.00M | -40.8% | −$515.00M | ||
| 2001 | $1.26B | +22.3% | +$230.00M | ||
| 2000 | $1.03B | -8.2% | −$92.00M | ||
| 1999 | $1.12B | -13.2% | −$171.00M | ||
| 1998 | $1.29B | +91.0% | +$617.00M | ||
| 1997 | $678.00M | +2.9% | +$19.00M | ||
| 1996 | $659.00M | +23.2% | +$124.00M | ||
| 1995 | $535.00M | -7.0% | −$40.00M | ||
| 1994 | $575.00M | — | — |
- 2025$3.82B+26.7%
- 2024$3.02B-6.2%
- 2023$3.22B+35.6%
- 2022$2.37B+14.4%
- 2021$2.08B-10.2%
- 2020$2.31B+9.8%
- 2019$2.10B+1.4%
- 2018$2.07B+24.6%
- 2017$1.67B-0.4%
- 2016$1.67B+6.9%
- 2015$1.56B-0.8%
- 2014$1.58B+19.0%
- 2013$1.32B+8.0%
- 2012$1.23B+39.1%
- 2011$882.00M+7.4%
- 2010$821.00M+0.4%
- 2009$818.00M+3.3%
- 2008$792.00M-42.4%
- 2007$1.38B+105.4%
- 2006$670.00M+13.0%
- 2005$593.00M+13.0%
- 2004$525.00M-1.9%
- 2003$535.00M-28.4%
- 2002$747.00M-40.8%
- 2001$1.26B+22.3%
- 2000$1.03B-8.2%
- 1999$1.12B-13.2%
- 1998$1.29B+91.0%
- 1997$678.00M+2.9%
- 1996$659.00M+23.2%
- 1995$535.00M-7.0%
- 1994$575.00M—
CapEx values are taken from CMS Energy's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's current CapEx (TTM) is $3.98B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual CapEx for CMS Energy (CMS) came in at $3.82B – grew 26.7% year-over-year.
Through 2020–2025 (5 years), CMS Energy CapEx delivered a +10.6% annualised rate; with mixed annual results across the window.
2025 marks the peak CapEx at $3.82B, with the historical low of $525.00M recorded in 2004.
CMS Energy Capital Expenditures by Year
CMS Energy Capital Expenditures 2025: $3.82B
2025's CapEx for CMS Energy came in at $3.82B, grew 26.7% from 2024. This figure represents the highest annual value in the available history.
CMS Energy Capital Expenditures 2024: $3.02B
CMS Energy posted CapEx of $3.02B in 2024, declined 6.2% below 2023.
CMS Energy Capital Expenditures 2023: $3.22B
In 2023, CMS Energy reported CapEx of $3.22B, surged 35.6% from 2022.
CMS Energy Capital Expenditures 2022: $2.37B
CMS Energy CapEx in 2022 was $2.37B, grew 14.4% from 2021.
CMS Energy Capital Expenditures 2021: $2.08B
CMS Energy CapEx in 2021 was $2.08B.
See more financial history for CMS Energy (CMS).
Sector peers by CapEx
Utilities peers of CMS Energy (CMS), ranked by their latest CapEx
| $14.02B | |
| $13.39B | |
| $12.64B | |
| $10.61B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130.00M |
- $14.02B
- $13.39B
- $12.64B
- $10.61B
- $9.27B
- $1.28B
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