CMS ENERGY CORP
CMS Utilities · UtilitiesEach 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.
▼−46 over range · as of 2026-06-30
Revenue -0.5% YoY, earnings -40.3% YoY · sector avg 73
▼−19 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
▼−15 over range · as of 2026-06-30
Net debt 6.2x EBITDA, 1x interest coverage, 0.9x current ratio · sector avg 65
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%Filings
24-09 → 26-06 · following the period bar 8 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | no filing | no filing | 10-Q Q3 2024 | 10-K FY 2024 |
Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 24-09 | 2024-09-30 | $1.7B |
| 24-12 | 2024-12-31 | $2.0B |
| 25-03 | 2025-03-31 | $2.4B |
| 25-06 | 2025-06-30 | $1.8B |
| 25-09 | 2025-09-30 | $2.0B |
| 25-12 | 2025-12-31 | $2.2B |
| 26-03 | 2026-03-31 | $2.7B |
| 26-06 | 2026-06-30 | $1.8B |
| Period | Period end | Net income |
|---|---|---|
| 24-09 | 2024-09-30 | $253.0M |
| 24-12 | 2024-12-31 | $265.0M |
| 25-03 | 2025-03-31 | $304.0M |
| 25-06 | 2025-06-30 | $201.0M |
| 25-09 | 2025-09-30 | $277.0M |
| 25-12 | 2025-12-31 | $289.0M |
| 26-03 | 2026-03-31 | $340.0M |
| 26-06 | 2026-06-30 | $120.0M |
| Period | Period end | Operating income |
|---|---|---|
| 24-09 | 2024-09-30 | $367.0M |
| 24-12 | 2024-12-31 | $425.0M |
| 25-03 | 2025-03-31 | $494.0M |
| 25-06 | 2025-06-30 | $317.0M |
| 25-09 | 2025-09-30 | $481.0M |
| 25-12 | 2025-12-31 | $435.0M |
| 26-03 | 2026-03-31 | $490.0M |
| 26-06 | 2026-06-30 | $264.0M |
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.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| 24-09 | 2024-09-30 | 63 | 58 | 52 |
| 24-12 | 2024-12-31 | 39 | 63 | 55 |
| 25-03 | 2025-03-31 | 51 | 56 | 52 |
| 25-06 | 2025-06-30 | 56 | 53 | 43 |
| 25-09 | 2025-09-30 | 66 | 52 | 38 |
| 25-12 | 2025-12-31 | 54 | 62 | 56 |
| 26-03 | 2026-03-31 | 54 | 50 | 42 |
| 26-06 | 2026-06-30 | 17 | 39 | 37 |