CMS Energy
CMS · NYSE
Key indicators
CMS profitability and balance sheet ratios
EPS $0.3861 in Q2 FY26, down 42.5% on a year earlier.
| Period | EPS |
|---|---|
| Q3 FY24 | $0.8462 |
| Q4 FY24 | $0.8875 |
| Q1 FY25 | $1.02 |
| Q2 FY25 | $0.672 |
| Q3 FY25 | $0.9243 |
| Q4 FY25 | $0.9395 |
| Q1 FY26 | $1.11 |
| Q2 FY26 | $0.3861 |
Where the money went
Q2 FY26, from revenue to net income
CMS Energy brought in $1.8B of revenue in Q2 FY26, −0.5% on a year earlier. 6¢ of every dollar became profit.
- Revenue
- $1.8B
- Costs, expenses and taxes
- $1.7B
- Net income
- $0.1B
- Net margin
- 6.4%
Income statement
Revenue and profit by reporting period
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue | $2.2B | $2.7B | $1.8B |
| Gross profit | $0.8B | $1.8B | $1.2B |
| Operating income | $0.4B | $0.5B | $0.3B |
| Net income | $0.3B | $0.3B | $0.1B |
| Diluted EPS | $0.94 | $1.10 | $0.37 |
Balance sheet
What the company owns and owes at period end
| Line item | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Total assets | $39.9B | $40.3B | $40.9B |
| Total liabilities | $30.8B | $30.8B | $31.1B |
| Shareholder equity | $9.1B | $9.5B | $9.8B |
| Cash and short-term investments | $0.5B | $0.2B | $0.2B |
| Total debt | $18.9B | $19.1B | $19.3B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|
| Operating cash flow | $0.5B | $0.7B | $0.6B |
| Investing cash flow | −$1.1B | −$1.1B | −$1.0B |
| Financing cash flow | $0.8B | $0.0B | $0.5B |
| Capital expenditure | −$1.1B | −$1.0B | −$1.0B |
| Free cash flow | −$0.6B | −$0.3B | −$0.3B |
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