EBITDA for CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's current EBITDA (TTM) is $3.09B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CMS
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$3.09B
YoY change
+3.8%
5Y CAGR
+6.2%
Peak year (1993)
$3.48B
Cumulative EBITDA
$77.93B
EBITDA history chart for CMS Energy (CMS) from 1985 to 2025
EBITDA history table for CMS Energy (CMS) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $3.19B | +3.8% | ||
| 2024 | $3.07B | +10.6% | ||
| 2023 | $2.78B | +9.0% | ||
| 2022 | $2.55B | +4.5% | ||
| 2021 | $2.44B | +3.4% | ||
| 2020 | $2.36B | +6.5% | ||
| 2019 | $2.21B | +2.2% | ||
| 2018 | $2.17B | -1.8% | ||
| 2017 | $2.21B | +6.4% | ||
| 2016 | $2.07B | +6.7% | ||
| 2015 | $1.94B | +6.6% | ||
| 2014 | $1.82B | +2.2% | ||
| 2013 | $1.78B | +10.8% | ||
| 2012 | $1.61B | +2.7% | ||
| 2011 | $1.57B | -1.9% | ||
| 2010 | $1.60B | +19.2% | ||
| 2009 | $1.34B | -6.2% | ||
| 2008 | $1.43B | +212.7% | ||
| 2007 | $457.00M | +29.1% | ||
| 2006 | $354.00M | +1375.0% | ||
| 2005 | $24.00M | -97.7% | ||
| 2004 | $1.02B | +14.4% | ||
| 2003 | $893.00M | +90.8% | ||
| 2002 | $468.00M | -7.0% | ||
| 2001 | $503.00M | -62.5% | ||
| 2000 | $1.34B | -9.8% | ||
| 1999 | $1.49B | +18.0% | ||
| 1998 | $1.26B | +2.6% | ||
| 1997 | $1.23B | +7.3% | ||
| 1996 | $1.14B | +4.4% | ||
| 1995 | $1.10B | +14.8% | ||
| 1994 | $955.00M | -72.6% | ||
| 1993 | $3.48B | +13.3% | ||
| 1992 | $3.07B | +4.5% | ||
| 1991 | $2.94B | -1.2% | ||
| 1990 | $2.98B | +0.5% | ||
| 1989 | $2.96B | +0.6% | ||
| 1988 | $2.94B | +5.1% | ||
| 1987 | $2.80B | -9.9% | ||
| 1986 | $3.11B | -5.8% | ||
| 1985 | $3.30B | — |
EBITDA values are taken from CMS Energy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
CMS Energy (CMS) most recent annual EBITDA stands at $3.19B (2025) – edged up 3.8% year-over-year.
Through 2020–2025 (5 years), CMS Energy EBITDA delivered a +6.2% annualised rate; sustaining 7 straight years of year-over-year growth.
Between 1993 and 2025, CMS Energy EBITDA declined 8.5%, falling from $3.48B to $3.19B.
$3.48B stands as the all-time-high annual EBITDA, posted in 1993, against a low of $24.00M during 2005.
Among 8 Utilities peers, CMS Energy (CMS) ranks 9th; the peer median for EBITDA is $8.40B.
CMS Energy EBITDA by Year
CMS Energy EBITDA 2025: $3.19B
CMS Energy EBITDA in 2025 was $3.19B, edged up 3.8% from 2024.
CMS Energy EBITDA 2024: $3.07B
CMS Energy EBITDA in 2024 was $3.07B, grew 10.6% from 2023.
CMS Energy EBITDA 2023: $2.78B
CMS Energy EBITDA in 2023 was $2.78B, grew 9.0% from 2022.
CMS Energy EBITDA 2022: $2.55B
CMS Energy EBITDA in 2022 was $2.55B, edged up 4.5% from 2021.
CMS Energy EBITDA 2021: $2.44B
CMS Energy EBITDA in 2021 was $2.44B.
See more financial history for CMS Energy (CMS).
Sector peers — EBITDA
Companies in the same sector as CMS Energy, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $16.16B | Utilities |
| Duke Energy Corporation (DUK) | $15.67B | Utilities |
| The Southern Company (SO) | $14.33B | Utilities |
| American Electric Power Company, Inc. (AEP) | $8.79B | Utilities |
| Dominion Energy, Inc. (D) | $8.02B | Utilities |
| Sempra (SRE) | $6.87B | Utilities |
| Constellation Energy Corporation (CEG) | $5.01B | Utilities |
| GE Vernova Inc. (GEV) | $3.68B | Utilities |
Frequently asked questions
What is CMS Energy's EBITDA?
- Latest reported EBITDA for CMS Energy (CMS) is $3.09B (period ending March 31, 2026).
How has CMS Energy EBITDA changed year-over-year?
- CMS Energy (CMS) EBITDA changed +3.8% year-over-year on the latest annual filing.
What is the long-term growth rate of CMS Energy EBITDA?
- CMS Energy (CMS) EBITDA compound annual growth rate is +6.2% over the most recent 5 years available.
When did CMS Energy EBITDA hit its highest annual value?
- CMS Energy EBITDA reached its highest annual value of $3.48B in 1993.
What was CMS Energy EBITDA in 2024?
- CMS Energy (CMS) EBITDA in 2024 was $3.07B.
What was CMS Energy EBITDA in 2025?
- CMS Energy (CMS) EBITDA in 2025 was $3.19B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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