Company / Revenue
CMS Energy Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Revenue
$8.5B
FY2025
5-year range
$7.3B / $8.6B
FY2021-FY2025
Trend
+13.6%
vs FY2024
Sector context
#25 of 64
Utilities
What the data says
At $8.5B, CMS Energy's revenue ranks #25 of 64 in the Utilities sector. Revenue has fluctuated over the past 10 years, ranging from $6.4B in FY2016 to $8.6B in FY2022.
Based on SEC 10-K filings.
$8.5B in FY2025 with a 5-year CAGR of +5.9%.
Improved from $7.5B to $8.5B over the past 2 years.
Utilities sector context is included.
Revenue over time
Growth rates
- 3-Year CAGR
- -0.2%
- 5-Year CAGR
- +5.9%
- 10-Year CAGR
- -
Sector benchmark
#25 of 64 in UtilitiesTop 39% of 64This company $8.5B Sector average $9.7B
▼
-11.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +5.9%, indicating consistent growth.
- In FY2025, revenue increased 13.6% year-over-year.
- Ranks #25 out of 64 companies in the Utilities sector.
- Peak revenue was recorded in FY2022.
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 | RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.5B | +13.6% |
| FY2024 | $7.5B | +0.7% |
| FY2023 | $7.5B | -13.2% |
| FY2022 | $8.6B | +17.3% |
| FY2021 | $7.3B | +14.2% |
| FY2020 | $6.4B | -3.1% |
| FY2019 | $6.6B | -3.6% |
| FY2018 | $6.9B | +4.4% |
| FY2017 | $6.6B | +2.9% |
| FY2016 | $6.4B | -0.9% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026