Company / Working Capital
CMS ENERGY CORP Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$76.0M
FY2025
5-year range
-$731.0M / $448.0M
FY2021-FY2025
Trend
+89.6%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital returned to growth in FY2025 after 2 years of decline, reaching -$76M.
Based on SEC 10-K filings.
-$76M in FY2025.
Declined from -$56M to -$76M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2025, working capital increased 89.6% year-over-year.
- Peak working capital was recorded in FY2022.
- Lowest working capital in the period was in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.41 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$76.0M | +89.6% |
| FY2024 | -$731.0M | -1205.4% |
| FY2023 | -$56.0M | -112.5% |
| FY2022 | $448.0M | +5.9% |
| FY2021 | $423.0M | +163.1% |
| FY2020 | -$670.0M | -79.6% |
| FY2019 | -$373.0M | -139.1% |
| FY2018 | -$156.0M | +49.5% |
| FY2017 | -$309.0M | +17.6% |
| FY2016 | -$375.0M | -2183.3% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026