Total Debt for CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's latest reported total debt is $12.00B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CMS
Currently viewingTotal DebtSwitch metric
Latest period
$12.00B
YoY change
+14.2%
5Y CAGR
+8.8%
Peak year (2025)
$18.94B
Latest annual
$18.94B
Total Debt history chart for CMS Energy (CMS) from 1994 to 2025
Total Debt history table for CMS Energy (CMS) from 1994 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $18.94B | +14.2% | ||
| 2024 | $16.59B | +5.9% | ||
| 2023 | $15.67B | +9.3% | ||
| 2022 | $14.34B | +14.7% | ||
| 2021 | $12.50B | +0.6% | ||
| 2020 | $12.42B | -6.5% | ||
| 2019 | $13.29B | +12.9% | ||
| 2018 | $11.78B | +12.3% | ||
| 2017 | $10.49B | +4.5% | ||
| 2016 | $10.03B | +5.9% | ||
| 2015 | $9.47B | +8.4% | ||
| 2014 | $8.74B | +9.6% | ||
| 2013 | $7.97B | +6.1% | ||
| 2012 | $7.51B | +3.4% | ||
| 2011 | $7.26B | -1.7% | ||
| 2010 | $7.39B | +8.2% | ||
| 2009 | $6.83B | +1.0% | ||
| 2008 | $6.76B | +3.8% | ||
| 2007 | $6.51B | -6.8% | ||
| 2006 | $6.99B | -9.6% | ||
| 2005 | $7.73B | -0.1% | ||
| 2004 | $7.74B | +6.3% | ||
| 2003 | $7.28B | +10.8% | ||
| 2002 | $6.57B | -21.6% | ||
| 2001 | $8.38B | +5.6% | ||
| 2000 | $7.93B | +1.0% | ||
| 1999 | $7.86B | +44.1% | ||
| 1998 | $5.45B | +24.7% | ||
| 1997 | $4.37B | +15.4% | ||
| 1996 | $3.79B | +6.4% | ||
| 1995 | $3.56B | +10.6% | ||
| 1994 | $3.22B | — |
Total Debt values are taken from CMS Energy's reported balance sheets (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
As of the 2025 fiscal year, CMS Energy (CMS) reported total debt of $18.94B – grew 14.2% year-over-year.
CMS Energy total debt compound annual growth for the 2020–2025 (5 years) window is +8.8%, with the latest reading among the more recent periods of the dataset.
Across the available history, total debt reached its high of $18.94B in 2025 and its low of $3.22B in 1994.
CMS Energy (CMS) sits 7th of 8 Utilities peers we track on this metric, against a peer median of $49.59B.
CMS Energy Total Debt by Year
CMS Energy Total Debt 2025: $18.94B
CMS Energy total debt in 2025 was $18.94B, grew 14.2% from 2024. This figure represents the highest annual value in the available history.
CMS Energy Total Debt 2024: $16.59B
CMS Energy total debt in 2024 was $16.59B, grew 5.9% from 2023.
CMS Energy Total Debt 2023: $15.67B
CMS Energy total debt in 2023 was $15.67B, grew 9.3% from 2022.
CMS Energy Total Debt 2022: $14.34B
CMS Energy total debt in 2022 was $14.34B, grew 14.7% from 2021.
CMS Energy Total Debt 2021: $12.50B
CMS Energy total debt in 2021 was $12.50B.
See more financial history for CMS Energy (CMS).
Sector peers — Total Debt
Companies in the same sector as CMS Energy, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $95.62B | Utilities |
| Duke Energy Corporation (DUK) | $90.87B | Utilities |
| The Southern Company (SO) | $65.82B | Utilities |
| American Electric Power Company, Inc. (AEP) | $50.24B | Utilities |
| Dominion Energy, Inc. (D) | $48.94B | Utilities |
| Sempra (SRE) | $36.29B | Utilities |
| Constellation Energy Corporation (CEG) | $8.99B | Utilities |
| GE Vernova Inc. (GEV) | $0 | Utilities |
Frequently asked questions
What is CMS Energy's total debt?
- Latest reported total debt for CMS Energy (CMS) is $12.00B (period ending March 31, 2026).
How has CMS Energy total debt changed year-over-year?
- CMS Energy (CMS) total debt changed +14.2% year-over-year on the latest annual filing.
What is the long-term growth rate of CMS Energy total debt?
- CMS Energy (CMS) total debt compound annual growth rate is +8.8% over the most recent 5 years available.
When did CMS Energy total debt hit its highest annual value?
- CMS Energy total debt reached its highest annual value of $18.94B in 2025.
What was CMS Energy total debt in 2024?
- CMS Energy (CMS) total debt in 2024 was $16.59B.
What was CMS Energy total debt in 2025?
- CMS Energy (CMS) total debt in 2025 was $18.94B.
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