Company / PP&E (Net)
CMS Energy PP&E (Net) History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest PP&E (Net)
$30.7B
FY2025
5-year range
$22.4B / $30.7B
FY2021-FY2025
Trend
+11.7%
vs FY2024
Sector context
#17 of 52
Utilities
What the data says
At $30.7B, CMS Energy's pp&e (net) ranks #17 of 52 in the Utilities sector. PP&E (Net) has increased for 9 consecutive years, from $15.7B in FY2016 to $30.7B in FY2025.
Based on SEC 10-K filings.
$30.7B in FY2025 with a 5-year CAGR of +7.9%.
Improved from $25.1B to $30.7B over the past 2 years.
Utilities sector context is included.
PP&E (Net) over time
Growth rates
- 3-Year CAGR
- +10.5%
- 5-Year CAGR
- +7.9%
- 10-Year CAGR
- -
Sector benchmark
#17 of 52 in UtilitiesTop 33% of 52This company $30.7B Sector average $26.4B
▼
+16.4% above sector average
Key checks
Key Insights
- CMS Energy's pp&e (net) has grown for 9 consecutive years.
- 5-year CAGR of +7.9%, indicating consistent growth.
- In FY2025, pp&e (net) increased 11.7% year-over-year.
- Ranks #17 out of 52 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 | PP&E (Net)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | $30.7B | +11.7% |
| FY2024 | $27.5B | +9.5% |
| FY2023 | $25.1B | +10.4% |
| FY2022 | $22.7B | +1.6% |
| FY2021 | $22.4B | +6.4% |
| FY2020 | $21.0B | +11.0% |
| FY2019 | $18.9B | +4.4% |
| FY2018 | $18.1B | +8.1% |
| FY2017 | $16.8B | +6.7% |
| FY2016 | $15.7B | +6.9% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026