CMS Energy Corporation (CMS) Balance Sheet

A balance sheet shows what a company owns and owes, and shareholders' equity, at a single point in time.

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy.

Total Assets Chart for CMS Energy Corporation

CMS Energy Corporation (CMS) total assets for FY2025 were USD 40.4B, a 12.4% change from FY2024. CMS Energy Corporation's total assets grew from USD 7.4B in 1994 to USD 40.4B in 2025 (447.0% over 31 years). Total assets compound annual growth rate: 5-year CAGR of 6.4%, 10-year CAGR of 7.1%, 20-year CAGR of 4.7%.

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Total Assets (US Dollars)

R&D as % of Revenue

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Key Stats

Market Cap
$22.33B
Implied Share Price
$71.20
Enterprise Value
$41.78B
Revenue (TTM)
$8.81B
EBITDA
$3.02B
Profit Margin
11.64%
Trailing P/E
21.45
Forward P/E
18.55
Price/Book (MRQ)
2.36
Price/Sales (TTM)
2.53
EV/EBITDA
12.66
EV/Revenue
4.74
Dividend Yield
3.11%
Book Value
$30.45
Free Cash Flow (FY2025)
-$1.59B
Free Cash Flow Yield
-7.12%

Snapshot as of 7th August 2026 — not point-in-time controlled, may lag the live market by a few days.