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.
▼−16 over range · as of 2026-06-30
Revenue -0.5% YoY, earnings -40.3% YoY · sector avg 73
▼−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
▲+8 over range · as of 2026-06-30
Net debt 6.2x EBITDA, 1x interest coverage, 0.9x current ratio · sector avg 65
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $8.8B −0.1% Gross margin — — Operating margin 18.9% −0.6pp Net margin 11.6% −0.9pp Net income $1.0B −7.3% CHARTEDFilings
TTM 18-09 → TTM 26-06 · following the period bar 30 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 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | no filing | 10-Q Q3 2019 | 10-K FY 2019 |
All 30 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 → 10-Q Q2 2021 2021-07-29 Pro → 10-Q Q1 2021 2021-04-29 Pro → 10-K FY 2020 2021-02-11 Pro → 10-Q Q3 2020 2020-10-29 Pro → 10-Q Q2 2020 2020-08-03 Pro → 10-Q Q1 2020 2020-04-27 Pro → 10-K FY 2019 2020-02-06 Pro → 10-Q Q3 2019 2019-10-24 Pro → 10-K FY 2018 2019-02-05 Pro → 10-K FY 2017 2018-02-14 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| TTM 18-09 | 2018-09-30 | $6.8B |
| TTM 18-12 | 2018-12-31 | $6.9B |
| TTM 19-03 | 2019-03-31 | $7.0B |
| TTM 19-06 | 2019-06-30 | $6.9B |
| TTM 19-09 | 2019-09-30 | $6.9B |
| TTM 19-12 | 2019-12-31 | $6.8B |
| TTM 20-03 | 2020-03-31 | $6.6B |
| TTM 20-06 | 2020-06-30 | $6.5B |
| TTM 20-09 | 2020-09-30 | $6.5B |
| TTM 20-12 | 2020-12-31 | $6.4B |
| TTM 21-03 | 2021-03-31 | $6.6B |
| TTM 21-06 | 2021-06-30 | $6.8B |
| TTM 21-09 | 2021-09-30 | $7.0B |
| TTM 21-12 | 2021-12-31 | $7.3B |
| TTM 22-03 | 2022-03-31 | $7.7B |
| TTM 22-06 | 2022-06-30 | $8.1B |
| TTM 22-09 | 2022-09-30 | $8.4B |
| TTM 22-12 | 2022-12-31 | $8.6B |
| TTM 23-03 | 2023-03-31 | $8.5B |
| TTM 23-06 | 2023-06-30 | $8.1B |
| TTM 23-09 | 2023-09-30 | $7.8B |
| TTM 23-12 | 2023-12-31 | $7.5B |
| TTM 24-03 | 2024-03-31 | $7.4B |
| TTM 24-06 | 2024-06-30 | $7.4B |
| TTM 24-09 | 2024-09-30 | $7.5B |
| TTM 24-12 | 2024-12-31 | $7.5B |
| TTM 25-03 | 2025-03-31 | $7.8B |
| TTM 25-06 | 2025-06-30 | $8.0B |
| TTM 25-09 | 2025-09-30 | $8.3B |
| TTM 25-12 | 2025-12-31 | $8.5B |
| TTM 26-03 | 2026-03-31 | $8.8B |
| TTM 26-06 | 2026-06-30 | $8.8B |
| Period | Period end | Net income |
|---|---|---|
| TTM 18-09 | 2018-09-30 | $546.0M |
| TTM 18-12 | 2018-12-31 | $657.0M |
| TTM 19-03 | 2019-03-31 | $629.0M |
| TTM 19-06 | 2019-06-30 | $583.0M |
| TTM 19-09 | 2019-09-30 | $621.0M |
| TTM 19-12 | 2019-12-31 | $680.0M |
| TTM 20-03 | 2020-03-31 | $710.0M |
| TTM 20-06 | 2020-06-30 | $753.0M |
| TTM 20-09 | 2020-09-30 | $764.0M |
| TTM 20-12 | 2020-12-31 | $755.0M |
| TTM 21-03 | 2021-03-31 | $861.0M |
| TTM 21-06 | 2021-06-30 | $901.0M |
| TTM 21-09 | 2021-09-30 | $872.0M |
| TTM 21-12 | 2021-12-31 | $1.4B |
| TTM 22-03 | 2022-03-31 | $1.4B |
| TTM 22-06 | 2022-06-30 | $1.3B |
| TTM 22-09 | 2022-09-30 | $1.3B |
| TTM 22-12 | 2022-12-31 | $837.0M |
| TTM 23-03 | 2023-03-31 | $688.0M |
| TTM 23-06 | 2023-06-30 | $738.0M |
| TTM 23-09 | 2023-09-30 | $749.0M |
| TTM 23-12 | 2023-12-31 | $887.0M |
| TTM 24-03 | 2024-03-31 | $970.0M |
| TTM 24-06 | 2024-06-30 | $970.0M |
| TTM 24-09 | 2024-09-30 | $1.0B |
| TTM 24-12 | 2024-12-31 | $1.0B |
| TTM 25-03 | 2025-03-31 | $1.0B |
| TTM 25-06 | 2025-06-30 | $1.0B |
| TTM 25-09 | 2025-09-30 | $1.0B |
| TTM 25-12 | 2025-12-31 | $1.1B |
| TTM 26-03 | 2026-03-31 | $1.1B |
| TTM 26-06 | 2026-06-30 | $1.0B |
| Period | Period end | Operating income |
|---|---|---|
| TTM 18-09 | 2018-09-30 | $1.3B |
| TTM 18-12 | 2018-12-31 | $1.2B |
| TTM 19-03 | 2019-03-31 | $1.2B |
| TTM 19-06 | 2019-06-30 | $1.1B |
| TTM 19-09 | 2019-09-30 | $1.2B |
| TTM 19-12 | 2019-12-31 | $1.2B |
| TTM 20-03 | 2020-03-31 | $1.2B |
| TTM 20-06 | 2020-06-30 | $1.2B |
| TTM 20-09 | 2020-09-30 | $1.2B |
| TTM 20-12 | 2020-12-31 | $1.2B |
| TTM 21-03 | 2021-03-31 | $1.3B |
| TTM 21-06 | 2021-06-30 | $1.3B |
| TTM 21-09 | 2021-09-30 | $1.2B |
| TTM 21-12 | 2021-12-31 | $1.1B |
| TTM 22-03 | 2022-03-31 | $1.2B |
| TTM 22-06 | 2022-06-30 | $1.2B |
| TTM 22-09 | 2022-09-30 | $1.2B |
| TTM 22-12 | 2022-12-31 | $1.2B |
| TTM 23-03 | 2023-03-31 | $1.1B |
| TTM 23-06 | 2023-06-30 | $1.1B |
| TTM 23-09 | 2023-09-30 | $1.1B |
| TTM 23-12 | 2023-12-31 | $1.2B |
| TTM 24-03 | 2024-03-31 | $1.3B |
| TTM 24-06 | 2024-06-30 | $1.4B |
| TTM 24-09 | 2024-09-30 | $1.5B |
| TTM 24-12 | 2024-12-31 | $1.5B |
| TTM 25-03 | 2025-03-31 | $1.6B |
| TTM 25-06 | 2025-06-30 | $1.6B |
| TTM 25-09 | 2025-09-30 | $1.7B |
| TTM 25-12 | 2025-12-31 | $1.7B |
| TTM 26-03 | 2026-03-31 | $1.7B |
| TTM 26-06 | 2026-06-30 | $1.7B |
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 |
|---|---|---|---|---|
| TTM 18-09 | 2018-09-30 | not scored | not scored | not scored |
| TTM 18-12 | 2018-12-31 | not scored | not scored | not scored |
| TTM 19-03 | 2019-03-31 | not scored | not scored | not scored |
| TTM 19-06 | 2019-06-30 | not scored | not scored | not scored |
| TTM 19-09 | 2019-09-30 | not scored | not scored | not scored |
| TTM 19-12 | 2019-12-31 | not scored | not scored | not scored |
| TTM 20-03 | 2020-03-31 | not scored | not scored | not scored |
| TTM 20-06 | 2020-06-30 | not scored | not scored | not scored |
| TTM 20-09 | 2020-09-30 | not scored | not scored | not scored |
| TTM 20-12 | 2020-12-31 | not scored | not scored | not scored |
| TTM 21-03 | 2021-03-31 | not scored | not scored | not scored |
| TTM 21-06 | 2021-06-30 | not scored | not scored | not scored |
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 33 | 50 | 29 |
| TTM 23-12 | 2023-12-31 | 53 | 70 | 54 |
| TTM 24-03 | 2024-03-31 | 66 | 57 | 48 |
| TTM 24-06 | 2024-06-30 | 44 | 63 | 46 |
| TTM 24-09 | 2024-09-30 | 63 | 58 | 52 |
| TTM 24-12 | 2024-12-31 | 39 | 63 | 55 |
| TTM 25-03 | 2025-03-31 | 51 | 56 | 52 |
| TTM 25-06 | 2025-06-30 | 56 | 53 | 43 |
| TTM 25-09 | 2025-09-30 | 66 | 52 | 38 |
| TTM 25-12 | 2025-12-31 | 54 | 62 | 56 |
| TTM 26-03 | 2026-03-31 | 54 | 50 | 42 |
| TTM 26-06 | 2026-06-30 | 17 | 39 | 37 |