Net Income for CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's current net income (TTM) is $1.11B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CMS
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.11B
YoY change
+6.8%
5Y CAGR
+7.2%
Peak year (2021)
$1.35B
Cumulative net income
$11.19B
Net Income history chart for CMS Energy (CMS) from 1985 to 2025
Net Income history table for CMS Energy (CMS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.07B | +6.8% | ||
| 2024 | $1.00B | +13.1% | ||
| 2023 | $887.00M | +6.0% | ||
| 2022 | $837.00M | -38.1% | ||
| 2021 | $1.35B | +79.2% | ||
| 2020 | $755.00M | +11.0% | ||
| 2019 | $680.00M | +3.5% | ||
| 2018 | $657.00M | +42.8% | ||
| 2017 | $460.00M | -16.5% | ||
| 2016 | $551.00M | +5.4% | ||
| 2015 | $523.00M | +9.6% | ||
| 2014 | $477.00M | +5.5% | ||
| 2013 | $452.00M | +18.3% | ||
| 2012 | $382.00M | -8.0% | ||
| 2011 | $415.00M | +22.1% | ||
| 2010 | $340.00M | +48.5% | ||
| 2009 | $229.00M | -22.4% | ||
| 2008 | $295.00M | -237.2% | ||
| 2007 | -$215.00M | +172.2% | ||
| 2006 | -$79.00M | -6.0% | ||
| 2005 | -$84.00M | -169.4% | ||
| 2004 | $121.00M | -368.9% | ||
| 2003 | -$45.00M | -93.1% | ||
| 2002 | -$650.00M | +41.6% | ||
| 2001 | -$459.00M | -1375.0% | ||
| 2000 | $36.00M | -87.0% | ||
| 1999 | $277.00M | -2.8% | ||
| 1998 | $285.00M | +16.8% | ||
| 1997 | $244.00M | +8.9% | ||
| 1996 | $224.00M | +9.8% | ||
| 1995 | $204.00M | +14.0% | ||
| 1994 | $179.00M | +15.5% | ||
| 1993 | $155.00M | -152.2% | ||
| 1992 | -$297.00M | +13.4% | ||
| 1991 | -$262.00M | -47.0% | ||
| 1990 | -$494.00M | -258.3% | ||
| 1989 | $312.10M | +14.9% | ||
| 1988 | $271.60M | +45.3% | ||
| 1987 | $186.90M | +5.1% | ||
| 1986 | $177.80M | -165.9% | ||
| 1985 | -$269.80M | — |
Net Income 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 net income stands at $1.07B (2025) – grew 6.8% year-over-year.
Over 2020–2025 (5 years), CMS Energy net income expanded at a +7.2% compound annual rate, sustaining 3 straight years of year-over-year growth.
CMS Energy net income peaked at $1.35B in 2021; the latest annual figure is $1.07B in 2025 (20.8% below peak).
$1.35B stands as the all-time-high annual net income, posted in 2021, against a low of -$650.00M during 2002.
CMS Energy (CMS) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $3.96B.
CMS Energy Net Income by Year
CMS Energy Net Income 2025: $1.07B
CMS Energy net income in 2025 was $1.07B, grew 6.8% from 2024.
CMS Energy Net Income 2024: $1.00B
CMS Energy net income in 2024 was $1.00B, grew 13.1% from 2023.
CMS Energy Net Income 2023: $887.00M
CMS Energy net income in 2023 was $887.00M, grew 6.0% from 2022.
CMS Energy Net Income 2022: $837.00M
CMS Energy net income in 2022 was $837.00M, plunged 38.1% below 2021.
CMS Energy Net Income 2021: $1.35B
CMS Energy net income in 2021 was $1.35B.
See more financial history for CMS Energy (CMS).
Sector peers — Net Income
Companies in the same sector as CMS Energy, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $6.83B | Utilities |
| Duke Energy Corporation (DUK) | $4.97B | Utilities |
| GE Vernova Inc. (GEV) | $4.88B | Utilities |
| The Southern Company (SO) | $4.34B | Utilities |
| American Electric Power Company, Inc. (AEP) | $3.58B | Utilities |
| Dominion Energy, Inc. (D) | $3.00B | Utilities |
| Constellation Energy Corporation (CEG) | $2.32B | Utilities |
| Sempra (SRE) | $1.84B | Utilities |
Frequently asked questions
What is CMS Energy's net income?
- Latest reported net income for CMS Energy (CMS) is $1.11B (period ending March 31, 2026).
How has CMS Energy net income changed year-over-year?
- CMS Energy (CMS) net income changed +6.8% year-over-year on the latest annual filing.
What is the long-term growth rate of CMS Energy net income?
- CMS Energy (CMS) net income compound annual growth rate is +7.2% over the most recent 5 years available.
When did CMS Energy net income hit its highest annual value?
- CMS Energy net income reached its highest annual value of $1.35B in 2021.
What was CMS Energy net income in 2024?
- CMS Energy (CMS) net income in 2024 was $1.00B.
What was CMS Energy net income in 2025?
- CMS Energy (CMS) net income in 2025 was $1.07B.
Metrics overview
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