Operating Income for CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's current operating income (TTM) is $1.72B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CMS
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.72B
YoY change
+16.1%
5Y CAGR
+7.0%
Peak year (1993)
$3.48B
Cumulative operating income
$53.46B
Operating Income history chart for CMS Energy (CMS) from 1985 to 2025
Operating Income history table for CMS Energy (CMS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.73B | +16.1% | ||
| 2024 | $1.49B | +20.4% | ||
| 2023 | $1.24B | +0.9% | ||
| 2022 | $1.22B | +6.8% | ||
| 2021 | $1.15B | -6.8% | ||
| 2020 | $1.23B | +10.3% | ||
| 2019 | $1.11B | -4.0% | ||
| 2018 | $1.16B | -13.2% | ||
| 2017 | $1.34B | +6.5% | ||
| 2016 | $1.26B | +6.6% | ||
| 2015 | $1.18B | +2.3% | ||
| 2014 | $1.15B | +0.9% | ||
| 2013 | $1.14B | +13.9% | ||
| 2012 | $1.00B | 0.0% | ||
| 2011 | $1.00B | +2.6% | ||
| 2010 | $978.00M | +40.1% | ||
| 2009 | $698.00M | -12.6% | ||
| 2008 | $799.00M | -1008.0% | ||
| 2007 | -$88.00M | -60.4% | ||
| 2006 | -$222.00M | -55.7% | ||
| 2005 | -$501.00M | -184.8% | ||
| 2004 | $591.00M | +37.1% | ||
| 2003 | $431.00M | -2635.3% | ||
| 2002 | -$17.00M | -19.0% | ||
| 2001 | -$21.00M | -103.0% | ||
| 2000 | $703.00M | -21.1% | ||
| 1999 | $891.00M | +23.1% | ||
| 1998 | $724.00M | +1.1% | ||
| 1997 | $716.00M | +5.9% | ||
| 1996 | $676.00M | +9.2% | ||
| 1995 | $619.00M | +23.1% | ||
| 1994 | $503.00M | -85.6% | ||
| 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 | — |
Operating 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
The 2025 reading of CMS Energy (CMS) operating income is $1.73B – grew 16.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, CMS Energy operating income compounded at +7.0% per year, sustaining 4 straight years of year-over-year growth.
CMS Energy operating income plunged from $3.48B in 1993 to $1.73B in 2025, a 50.4% drawdown.
The dataset's maximum operating income sits at $3.48B (1993); the minimum reading of -$501.00M dates to 2005.
CMS Energy (CMS) sits 8th of 8 Utilities peers we track on this metric, against a peer median of $4.86B.
CMS Energy Operating Income by Year
CMS Energy Operating Income 2025: $1.73B
CMS Energy operating income in 2025 was $1.73B, grew 16.1% from 2024.
CMS Energy Operating Income 2024: $1.49B
CMS Energy operating income in 2024 was $1.49B, grew 20.4% from 2023.
CMS Energy Operating Income 2023: $1.24B
CMS Energy operating income in 2023 was $1.24B, edged up 0.9% from 2022.
CMS Energy Operating Income 2022: $1.22B
CMS Energy operating income in 2022 was $1.22B, grew 6.8% from 2021.
CMS Energy Operating Income 2021: $1.15B
CMS Energy operating income in 2021 was $1.15B.
See more financial history for CMS Energy (CMS).
Sector peers — Operating Income
Companies in the same sector as CMS Energy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is CMS Energy's operating income?
- Latest reported operating income for CMS Energy (CMS) is $1.72B (period ending March 31, 2026).
How has CMS Energy operating income changed year-over-year?
- CMS Energy (CMS) operating income changed +16.1% year-over-year on the latest annual filing.
What is the long-term growth rate of CMS Energy operating income?
- CMS Energy (CMS) operating income compound annual growth rate is +7.0% over the most recent 5 years available.
When did CMS Energy operating income hit its highest annual value?
- CMS Energy operating income reached its highest annual value of $3.48B in 1993.
What was CMS Energy operating income in 2024?
- CMS Energy (CMS) operating income in 2024 was $1.49B.
What was CMS Energy operating income in 2025?
- CMS Energy (CMS) operating income in 2025 was $1.73B.
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