Company / Operating Income
CMS Energy Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.7B
FY2025
5-year range
$1.1B / $1.7B
FY2021-FY2025
Trend
+16.1%
vs FY2024
Sector context
#29 of 71
Utilities
What the data says
At $1.7B, CMS Energy's operating income ranks #29 of 71 in the Utilities sector. Operating Income has increased for 4 consecutive years, from $1.1B in FY2021 to $1.7B in FY2025.
Based on SEC 10-K filings.
$1.7B in FY2025 with a 5-year CAGR of +7.0%.
Improved from $1.2B to $1.7B over the past 2 years.
Utilities sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +12.2%
- 5-Year CAGR
- +7.0%
- 10-Year CAGR
- -
Sector benchmark
#29 of 71 in UtilitiesTop 41% of 71This company $1.7B Sector average $2.0B
▼
-12.4% below sector average
Key checks
Key Insights
- CMS Energy's operating income has grown for 4 consecutive years.
- 5-year CAGR of +7.0%, indicating consistent growth.
- In FY2025, operating income increased 16.1% year-over-year.
- Ranks #29 out of 71 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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.7B | +16.1% |
| FY2024 | $1.5B | +20.4% |
| FY2023 | $1.2B | +0.9% |
| FY2022 | $1.2B | +6.8% |
| FY2021 | $1.1B | -6.8% |
| FY2020 | $1.2B | +10.3% |
| FY2019 | $1.1B | -4.0% |
| FY2018 | $1.2B | -13.2% |
| FY2017 | $1.3B | +6.5% |
| FY2016 | $1.3B | +6.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026