Companies/US/CMS

CMS ENERGY CORPORATION

Income flow

Annual
CMS 10-K Income StatementPeriod 2025-12-31Source 10-K
Electric Utility$6BGas Utility$2BNorth Star Clean Energy$408MRevenue$8BGross profit$7BCost of revenue$2BOperating profit$2BOperating expenses$5BNet profit$1BTax$246MOperating expenses$5B

As-filed revenue segments and annual P&L (gross, opex, tax, net). Layout inspired by SankeyArt finance diagrams.

Revenue mix

2025-12-31 · 10-K · USD
By activity
By activity$8.5B
  • Electric Utility$5.6B66.0%
  • Gas Utility$2.5B29.2%
  • North Star Clean Energy$408M4.8%

Capital & dividends

YieldTrailing twelve-month dividends as a percent of the current share price (income yield).3.44%5y avgAverage dividend yield over the past five years — a smoother view than the latest print.3.01%Trailing DPSCash dividends paid per share over the last twelve months (dividend per share, trailing).2.225PayoutShare of earnings paid out as dividends. Higher means more income returned; lower leaves more for reinvestment.66.8%Shares outTotal shares currently outstanding (issued and not retired).308.9MFloatShares available to trade — outstanding minus closely held (insiders, strategic holders).311.5M
Dividend calendar
Ex-dividend
2026-08-07
Pay date
2026-09-01
Last cash
0.57 · 2026-08-07

Valuation

Trailing PE 19.4 (2025-12-31)PE trend

Fiscal PE1

PeriodEPSClosePE
2025-12-313.5368.3219.4

PE = stored close ÷ as-filed diluted EPS (annual 10-K / 20-F). Not a vendor PE series.