How CMS Energy (CMS) Makes Money: A Visual Guide
CMS Energy (CMS) generated $8.54B in revenue (TTM through Q4 2025), earning $1.07B in net profit (12.5% margin). Its largest revenue source is Residential Utility Services (57.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
CMS Energy (CMS) Income Statement Flow
Frequently asked questions
How does CMS Energy (CMS) make money?
- CMS Energy (CMS) primarily makes money through Residential Utility Services, which accounts for 57.3% of total revenue. For TTM through Q4 2025, CMS Energy generated $8.54B in total revenue with a net profit margin of 12.5%.
What is CMS Energy (CMS) gross profit margin?
- CMS Energy (CMS) reported a gross profit margin of 60.9% for TTM through Q4 2025, equivalent to $5.20B in gross profit. This means CMS Energy retains 60.9% of each revenue unit after direct costs of production.
What is CMS Energy (CMS) operating profit margin?
- CMS Energy (CMS) reported an operating profit margin of 20.2% for TTM through Q4 2025, equivalent to $1.73B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is CMS Energy (CMS) net profit margin?
- CMS Energy (CMS) reported a net profit margin of 12.5% for TTM through Q4 2025, equivalent to $1.07B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does CMS Energy (CMS) spend on capital expenditures?
- CMS Energy (CMS) spent $3.82B on capital expenditures in TTM through Q4 2025 (44.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is CMS Energy (CMS) free cash flow?
- CMS Energy (CMS) generated −$1.59B in free cash flow for TTM through Q4 2025 (-18.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is CMS Energy (CMS) effective tax rate?
- CMS Energy (CMS) had an effective tax rate of 19.7% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.