CMS Energy Corporation (CMS) Financials
Key financial figures for CMS Energy Corporation (Q3 2026).
CMS Energy reported Q3 2026 GAAP EPS of $0.39 (vs $0.92) after $456M of NorthStar asset impairment and restructuring charges, and adjusted EPS of $1.44 (vs $0.93); 2026 and 2027 adjusted EPS guidance reaffirmed. Reported (GAAP) diluted EPS was $0.39 versus $0.92 a year earlier; the quarter includes a $456M pre-tax charge ($1.45 per share before a $0.37 tax effect) for asset impairment and restructuring activities tied to NorthStar Clean Energy. Adjusted EPS (non-GAAP) was $1.44 versus $0.93 in Q3 2025; nine-month adjusted EPS was $2.95 versus $2.66. On the outlook: 2026 adjusted EPS $3.83 to $3.90 (reaffirmed); 2027 adjusted EPS $4.08 to $4.17 (reaffirmed); long-term adjusted EPS growth of 6 to 8 percent with continued confidence toward the high end; no reported (GAAP) EPS guidance. Figures are for Q3 2026, as CMS Energy Corporation reported them.
- Revenue
- $2.2B
- Net Income
- $123M
- EPS
- $0.39
- Total Assets
- $41.7B
- Operating Cash Flow
- $471M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.2B | $123M | $0.39 | 2.15% | -$468M |
| Q2 FY2026 | $1.8B | $120M | $0.37 | 14.43% | -$345M |
| Q1 FY2026 | $2.7B | $340M | $1.10 | 17.95% | -$334M |
| Q4 FY2025 | $2.2B | $289M | $0.94 | 19.48% | -$596M |
| Q3 FY2025 | $2.0B | $277M | $0.92 | 23.8% | -$635M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $8.5B | $1.1B | $3.53 | 20.22% | -$1.6B |
| FY2024 | $7.5B | $1.0B | $3.33 | 19.79% | -$648M |
| FY2023 | $7.5B | $887M | $3.01 | 16.55% | -$910M |
Frequently asked questions
What was CMS Energy Corporation's revenue last quarter?
CMS Energy Corporation reported revenue of $2.18 billion for Q3 FY2026, up 8.0% from the same period a year earlier.
Is CMS Energy Corporation profitable?
Yes. CMS Energy Corporation reported net income of $123.0 million for Q3 FY2026, a net margin of 5.63% on revenue.
How has CMS Energy Corporation's margin trended?
Operating margin was 2.15% in Q3 FY2026, compared with 23.8% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did CMS Energy Corporation generate?
CMS Energy Corporation generated free cash flow of -$468.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for CMS Energy Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.