Company / Income Tax
CMS Energy Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$246.0M
FY2025
5-year range
$93.0M / $246.0M
FY2021-FY2025
Trend
+39.8%
vs FY2024
Sector context
#19 of 74
Utilities
What the data says
At $246M, CMS Energy's income tax ranks #56 of 74 in the Utilities sector. Income Tax has increased for 3 consecutive years, from $93M in FY2022 to $246M in FY2025.
Based on SEC 10-K filings.
$246M in FY2025 with a 5-year CAGR of +16.4%. Top quartile in the Utilities sector.
Increased from $147M to $246M over the past 2 years.
Utilities sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +38.3%
- 5-Year CAGR
- +16.4%
- 10-Year CAGR
- -
Sector benchmark
#56 of 74 in UtilitiesTop 74% of 74This company $246.0M Sector average $161.9M
▼
+51.9% above sector average
Key checks
Key Insights
- CMS Energy's income tax has grown for 3 consecutive years.
- 5-year CAGR of +16.4%, indicating consistent growth.
- In FY2025, income tax increased 39.8% year-over-year.
- Ranks #19 out of 74 companies in the Utilities sector.
Company context
Key Data Points
- Altman Z-Score 0.52 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $246.0M | +39.8% |
| FY2024 | $176.0M | +19.7% |
| FY2023 | $147.0M | +58.1% |
| FY2022 | $93.0M | -2.1% |
| FY2021 | $95.0M | -17.4% |
| FY2020 | $115.0M | -12.2% |
| FY2019 | $131.0M | +13.9% |
| FY2018 | $115.0M | -72.9% |
| FY2017 | $424.0M | +55.3% |
| FY2016 | $273.0M | +0.7% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026