Market Cap for CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's latest reported market cap is $23.32B USD. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CMS
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Latest period
$23.32B
YoY change
+6.9%
5Y CAGR
+3.6%
Peak year (2026)
$22.46B
Latest annual
$22.46B
Market Cap history chart for CMS Energy (CMS) from 1985 to 2026
Market Cap history table for CMS Energy (CMS) from 1985 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $22.46B | +6.9% | ||
| 2025 | $21.02B | +5.7% | ||
| 2024 | $19.88B | +17.4% | ||
| 2023 | $16.94B | -7.8% | ||
| 2022 | $18.37B | -2.5% | ||
| 2021 | $18.83B | +7.8% | ||
| 2020 | $17.47B | -2.2% | ||
| 2019 | $17.87B | +27.2% | ||
| 2018 | $14.05B | +5.8% | ||
| 2017 | $13.28B | +14.4% | ||
| 2016 | $11.61B | +16.6% | ||
| 2015 | $9.96B | +4.2% | ||
| 2014 | $9.56B | +31.2% | ||
| 2013 | $7.28B | +11.2% | ||
| 2012 | $6.55B | +12.6% | ||
| 2011 | $5.82B | +23.6% | ||
| 2010 | $4.70B | +26.3% | ||
| 2009 | $3.73B | +56.0% | ||
| 2008 | $2.39B | -38.3% | ||
| 2007 | $3.87B | +5.5% | ||
| 2006 | $3.67B | +18.3% | ||
| 2005 | $3.10B | +72.6% | ||
| 2004 | $1.80B | +37.5% | ||
| 2003 | $1.31B | -0.4% | ||
| 2002 | $1.31B | -58.3% | ||
| 2001 | $3.14B | -11.4% | ||
| 2000 | $3.55B | -0.9% | ||
| 1999 | $3.58B | -32.1% | ||
| 1998 | $5.27B | +27.9% | ||
| 1997 | $4.12B | +33.4% | ||
| 1996 | $3.09B | +14.5% | ||
| 1995 | $2.70B | +37.0% | ||
| 1994 | $1.97B | -4.0% | ||
| 1993 | $2.05B | +39.7% | ||
| 1992 | $1.47B | -0.7% | ||
| 1991 | $1.48B | -34.9% | ||
| 1990 | $2.27B | -27.3% | ||
| 1989 | $3.12B | +56.0% | ||
| 1988 | $2.00B | +73.6% | ||
| 1987 | $1.15B | -16.1% | ||
| 1986 | $1.37B | +107.7% | ||
| 1985 | $661.09M | — |
Market Cap 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
The 2026 reading of CMS Energy (CMS) market cap is $22.46B – grew 6.9% year-over-year.
Through 2021–2026 (5 years), CMS Energy market cap delivered a +3.6% annualised rate; sustaining 3 straight years of year-over-year growth.
Across the available history, market cap reached its high of $22.46B in 2026 and its low of $661.09M in 1985.
Within Utilities, CMS Energy (CMS) ranks 9th among 8 peers we track. The peer median for market cap is $97.46B.
CMS Energy Market Cap by Year
CMS Energy Market Cap 2026: $22.46B
CMS Energy market cap in 2026 was $22.46B, grew 6.9% from 2025. This figure represents the highest annual value in the available history.
CMS Energy Market Cap 2025: $21.02B
CMS Energy market cap in 2025 was $21.02B, grew 5.7% from 2024.
CMS Energy Market Cap 2024: $19.88B
CMS Energy market cap in 2024 was $19.88B, grew 17.4% from 2023.
CMS Energy Market Cap 2023: $16.94B
CMS Energy market cap in 2023 was $16.94B, declined 7.8% below 2022.
CMS Energy Market Cap 2022: $18.37B
CMS Energy market cap in 2022 was $18.37B.
See more financial history for CMS Energy (CMS).
Sector peers — Market Cap
Companies in the same sector as CMS Energy, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| GE Vernova Inc. (GEV) | $292.62B | Utilities |
| NextEra Energy, Inc. (NEE) | $201.26B | Utilities |
| The Southern Company (SO) | $106.43B | Utilities |
| Duke Energy Corporation (DUK) | $99.46B | Utilities |
| Constellation Energy Corporation (CEG) | $95.47B | Utilities |
| American Electric Power Company, Inc. (AEP) | $73.70B | Utilities |
| Sempra (SRE) | $60.69B | Utilities |
| Dominion Energy, Inc. (D) | $55.28B | Utilities |
Frequently asked questions
What is CMS Energy's market cap?
- Latest reported market cap for CMS Energy (CMS) is $23.32B (period ending March 31, 2026).
How has CMS Energy market cap changed year-over-year?
- CMS Energy (CMS) market cap changed +6.9% year-over-year on the latest annual filing.
What is the long-term growth rate of CMS Energy market cap?
- CMS Energy (CMS) market cap compound annual growth rate is +3.6% over the most recent 5 years available.
When did CMS Energy market cap hit its highest annual value?
- CMS Energy market cap reached its highest annual value of $22.46B in 2026.
What was CMS Energy market cap in 2025?
- CMS Energy (CMS) market cap in 2025 was $21.02B.
What was CMS Energy market cap in 2026?
- CMS Energy (CMS) market cap in 2026 was $22.46B.
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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