FFilingLens
← Back to search
CM

CMS ENERGY CORP

CMS Utilities · Utilities
Latest period 2026-06-30 · 37 filings on record
Quarterly TTM Annual
8Q 3Y 5Y 10Y MAX
21-09 → 26-06 20 QUARTERS
SHOWING Discrete quarters as filed — each point is one 10-Q, or a Q4 derived from the 10-K.
Ranked against Utilities · 35 peers

Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.

Growth 17th pct

▼−16 over range · as of 2026-06-30

Revenue -0.5% YoY, earnings -40.3% YoY · sector avg 73

Quality 39th pct

▼−12 over range · as of 2026-06-30

6.6% net margin, 10% return on equity, profitable in 8 of last 8 quarters · sector avg 51

Safety 37th pct

▲+8 over range · as of 2026-06-30

Net debt 6.2x EBITDA, 1x interest coverage, 0.9x current ratio · sector avg 65

OVERVIEWQoQ Δ

Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it

Revenue $1.8B −33.0% Gross margin — — Operating margin 14.4% −3.5pp Net margin 6.6% −5.9pp Net income $120.0M −64.7%
Debt / equity 1.83 −2.4%
EPS (diluted) $0.37 −66.4% EBITDA $572.0M −36.6% CHARTED

Filings

21-09 → 26-06 · following the period bar 20 match
ALL 10-K 10-Q Q1 Q2 Q3 FY SORT NEWEST ↓
Year Q1Q2Q3FY
2026 10-Q 10-Q
2025 10-Q 10-Q 10-Q 10-K
2024 10-Q 10-Q 10-Q 10-K
2023 10-Q 10-Q 10-Q 10-K
2022 10-Q 10-Q 10-Q 10-K
2021 10-Q 10-K
10-Q Q2 2026 2026-07-28 Pro → 10-Q Q1 2026 2026-04-28 Pro → 10-K FY 2025 2026-02-10 Pro → 10-Q Q3 2025 2025-10-30 Pro → 10-Q Q2 2025 2025-07-31 Pro → 10-Q Q1 2025 2025-04-24 Pro →
All 20 filings 10-K FY 2024 2025-02-11 Pro → 10-Q Q3 2024 2024-10-31 Pro → 10-Q Q2 2024 2024-07-25 Pro → 10-Q Q1 2024 2024-04-25 Pro → 10-K FY 2023 2024-02-08 Pro → 10-Q Q3 2023 2023-10-26 Pro → 10-Q Q2 2023 2023-07-27 Pro → 10-Q Q1 2023 2023-04-27 Pro → 10-K FY 2022 2023-02-09 Pro → 10-Q Q3 2022 2022-10-27 Pro → 10-Q Q2 2022 2022-07-28 Pro → 10-Q Q1 2022 2022-05-03 Pro → 10-K FY 2021 2022-02-10 Pro → 10-Q Q3 2021 2021-10-28 Pro →

Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans

Trends

Quarter-over-quarter, from cached filings
Revenue
Latest$1.8B QoQ−33.0% Periods20
$2.7B$1.8B$900.9M$021-092021-09-3024-032024-03-3126-062026-06-30
Revenue by period
PeriodPeriod end Revenue
21-092021-09-30 $1.7B
21-122021-12-31 $2.0B
22-032022-03-31 $2.4B
22-062022-06-30 $1.9B
22-092022-09-30 $2.0B
22-122022-12-31 $2.3B
23-032023-03-31 $2.3B
23-062023-06-30 $1.6B
23-092023-09-30 $1.7B
23-122023-12-31 $1.9B
24-032024-03-31 $2.2B
24-062024-06-30 $1.6B
24-092024-09-30 $1.7B
24-122024-12-31 $2.0B
25-032025-03-31 $2.4B
25-062025-06-30 $1.8B
25-092025-09-30 $2.0B
25-122025-12-31 $2.2B
26-032026-03-31 $2.7B
26-062026-06-30 $1.8B
Net income
Latest$120.0M QoQ−64.7% Periods20
$639.0M$421.7M$210.9M$021-092021-09-3024-032024-03-3126-062026-06-30
Net income by period
PeriodPeriod end Net income
21-092021-09-30 $189.0M
21-122021-12-31 $639.0M
22-032022-03-31 $353.0M
22-062022-06-30 $148.0M
22-092022-09-30 $165.0M
22-122022-12-31 $171.0M
23-032023-03-31 $204.0M
23-062023-06-30 $198.0M
23-092023-09-30 $176.0M
23-122023-12-31 $309.0M
24-032024-03-31 $287.0M
24-062024-06-30 $198.0M
24-092024-09-30 $253.0M
24-122024-12-31 $265.0M
25-032025-03-31 $304.0M
25-062025-06-30 $201.0M
25-092025-09-30 $277.0M
25-122025-12-31 $289.0M
26-032026-03-31 $340.0M
26-062026-06-30 $120.0M
Operating income
Latest$264.0M QoQ−46.1% Periods20
$494.0M$326.0M$163.0M$021-092021-09-3024-032024-03-3126-062026-06-30
Operating income by period
PeriodPeriod end Operating income
21-092021-09-30 $260.0M
21-122021-12-31 $204.0M
22-032022-03-31 $456.0M
22-062022-06-30 $239.0M
22-092022-09-30 $258.0M
22-122022-12-31 $271.0M
23-032023-03-31 $314.0M
23-062023-06-30 $244.0M
23-092023-09-30 $271.0M
23-122023-12-31 $406.0M
24-032024-03-31 $412.0M
24-062024-06-30 $283.0M
24-092024-09-30 $367.0M
24-122024-12-31 $425.0M
25-032025-03-31 $494.0M
25-062025-06-30 $317.0M
25-092025-09-30 $481.0M
25-122025-12-31 $435.0M
26-032026-03-31 $490.0M
26-062026-06-30 $264.0M
EBITDA
Latest$572.0M QoQ−36.6% Periods20
$902.0M$595.3M$297.7M$021-092021-09-3024-032024-03-3126-062026-06-30
EBITDA by period
PeriodPeriod end EBITDA
21-092021-09-30 $510.0M
21-122021-12-31 $486.0M
22-032022-03-31 $801.0M
22-062022-06-30 $481.0M
22-092022-09-30 $501.0M
22-122022-12-31 $567.0M
23-032023-03-31 $667.0M
23-062023-06-30 $499.0M
23-092023-09-30 $533.0M
23-122023-12-31 $716.0M
24-032024-03-31 $780.0M
24-062024-06-30 $556.0M
24-092024-09-30 $640.0M
24-122024-12-31 $751.0M
25-032025-03-31 $882.0M
25-062025-06-30 $605.0M
25-092025-09-30 $769.0M
25-122025-12-31 $777.0M
26-032026-03-31 $902.0M
26-062026-06-30 $572.0M
ZOOM
10-03 26-06

Grade history

Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.

Growth 17 Quality 39 Safety 37
025507510021-092021-09-3024-032024-03-3126-062026-06-30

Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100

Grade history by period
PeriodPeriod end GrowthQualitySafety
21-092021-09-30 not scorednot scorednot scored
21-122021-12-31 not scorednot scorednot scored
22-032022-03-31 not scorednot scorednot scored
22-062022-06-30 not scorednot scorednot scored
22-092022-09-30 not scorednot scorednot scored
22-122022-12-31 not scorednot scorednot scored
23-032023-03-31 not scorednot scorednot scored
23-062023-06-30 not scorednot scorednot scored
23-092023-09-30 335029
23-122023-12-31 537054
24-032024-03-31 665748
24-062024-06-30 446346
24-092024-09-30 635852
24-122024-12-31 396355
25-032025-03-31 515652
25-062025-06-30 565343
25-092025-09-30 665238
25-122025-12-31 546256
26-032026-03-31 545042
26-062026-06-30 173937