Company / Total Debt
CMS Energy Total Debt History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Total Debt
$17.8B
FY2025
5-year range
$12.0B / $17.8B
FY2021-FY2025
Trend
+17.2%
vs FY2024
Sector context
#22 of 60
Utilities
What the data says
At $17.8B, CMS Energy's total debt ranks #39 of 60 in the Utilities sector. Total Debt has increased for 5 consecutive years, from $11.7B in FY2020 to $17.8B in FY2025.
Based on SEC 10-K filings.
$17.8B in FY2025 with a 5-year CAGR of +8.7%.
Increased from $14.5B to $17.8B over the past 2 years.
Utilities sector context is included.
Total Debt over time
Growth rates
- 3-Year CAGR
- +10.7%
- 5-Year CAGR
- +8.7%
- 10-Year CAGR
- -
Sector benchmark
#39 of 60 in UtilitiesTop 63% of 60This company $17.8B Sector average $16.8B
▼
+6.2% above sector average
Key checks
Key Insights
- CMS Energy's total debt has grown for 5 consecutive years.
- 5-year CAGR of +8.7%, indicating consistent growth.
- In FY2025, total debt increased 17.2% year-over-year.
- Ranks #22 out of 60 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 | Total DebtValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $17.8B | +17.2% |
| FY2024 | $15.2B | +4.7% |
| FY2023 | $14.5B | +10.6% |
| FY2022 | $13.1B | +8.9% |
| FY2021 | $12.0B | +2.6% |
| FY2020 | $11.7B | -1.7% |
| FY2019 | $12.0B | +12.6% |
| FY2018 | $10.6B | +16.4% |
| FY2017 | $9.1B | +5.6% |
| FY2016 | $8.6B | +2.9% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026