Company / Operating Cash Flow
CMS Energy Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$2.2B
FY2025
5-year range
$855.0M / $2.4B
FY2021-FY2025
Trend
-5.7%
vs FY2024
Sector context
#30 of 74
Utilities
What the data says
At $2.2B, CMS Energy's operating cash flow ranks #30 of 74 in the Utilities sector. Operating Cash Flow has fluctuated over the past 10 years, ranging from $855M in FY2022 to $2.4B in FY2024.
Based on SEC 10-K filings.
$2.2B in FY2025 with a 5-year CAGR of +11.9%.
Declined from $2.3B to $2.2B over the past 2 years.
Utilities sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- +37.8%
- 5-Year CAGR
- +11.9%
- 10-Year CAGR
- -
Sector benchmark
#30 of 74 in UtilitiesTop 41% of 74This company $2.2B Sector average $2.6B
▼
-14.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +11.9%, indicating consistent growth.
- In FY2025, operating cash flow decreased 5.7% year-over-year.
- Ranks #30 out of 74 companies in the Utilities sector.
- Peak operating cash flow was recorded in FY2024.
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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.2B | -5.7% |
| FY2024 | $2.4B | +2.6% |
| FY2023 | $2.3B | +170.1% |
| FY2022 | $855.0M | -53.0% |
| FY2021 | $1.8B | +42.6% |
| FY2020 | $1.3B | -28.7% |
| FY2019 | $1.8B | +5.1% |
| FY2018 | $1.7B | -0.1% |
| FY2017 | $1.7B | +4.7% |
| FY2016 | $1.6B | -0.7% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026