CMS Energy Corporation (CMS)CMSCMS Energy Corporation

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Total Current Assets	3.02B	3.02B	3.47B	2.75B	3.19B	2.78B	2.79B	2.70B	2.98B
Cash & Cash Equivalents	263.00M	263.00M	615.00M	362.00M	844.00M	465.00M	103.00M	412.00M	699.00M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	263.00M	263.00M	615.00M	362.00M	844.00M	465.00M	103.00M	412.00M	699.00M
Accounts Receivable	1.42B	1.42B	1.32B	934.00M	936.00M	1.03B	1.06B	803.00M	825.00M
Inventory	642.00M	642.00M	791.00M	903.00M	736.00M	580.00M	769.00M	884.00M	779.00M
Total Assets	40.28B	40.28B	40.39B	38.01B	37.70B	36.30B	35.92B	34.82B	34.35B
Property, Plant & Equipment	31.53B	31.53B	30.70B	29.69B	28.85B	27.90B	27.48B	26.67B	25.88B
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	83.00M	83.00M	79.00M	64.00M	62.00M	71.00M	69.00M	74.00M	73.00M
Total Current Liabilities	3.59B	3.59B	3.55B	3.05B	3.20B	2.63B	3.52B	2.19B	2.53B
Accounts Payable	1.24B	1.24B	1.40B	1.14B	1.14B	951.00M	1.09B	954.00M	796.00M
Short-Term Debt	1.36B	1.36B	959.00M	1.16B	1.13B	707.00M	1.26B	507.00M	772.00M
Total Liabilities	30.23B	30.23B	30.68B	28.58B	28.73B	27.37B	27.17B	26.18B	25.81B
Long-Term Debt	17.46B	17.46B	17.83B	16.77B	16.78B	16.15B	15.19B	15.55B	14.92B
Total Debt	19.08B	19.08B	18.90B	18.07B	18.05B	16.97B	16.59B	16.17B	15.77B
Net Debt (Cash)	18.82B	18.82B	18.28B	17.71B	17.20B	16.50B	16.49B	15.76B	15.07B
Total Shareholders' Equity	9.47B	9.47B	9.14B	8.86B	8.39B	8.34B	8.23B	8.11B	8.00B
Common Stock	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M
Retained Earnings	2.60B	2.60B	2.44B	2.32B	2.21B	2.17B	2.04B	1.93B	1.83B
Current Ratio	0.84	0.84	0.98	0.90	1.00	1.06	0.79	1.23	1.18
Debt to Equity Ratio	2.02	2.02	2.07	2.04	2.15	2.04	2.02	1.99	1.97

Annual Balance Sheet (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	3.47B	2.79B	2.84B	3.43B	2.63B	2.40B	2.33B	2.47B
Cash & Cash Equivalents	615.00M	103.00M	227.00M	164.00M	452.00M	32.00M	140.00M	153.00M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	615.00M	103.00M	227.00M	164.00M	452.00M	32.00M	140.00M	153.00M
Accounts Receivable	1.32B	1.06B	944.00M	1.58B	943.00M	872.00M	1.15B	1.23B
Inventory	791.00M	769.00M	938.00M	1.12B	667.00M	576.00M	605.00M	650.00M
Total Assets	40.39B	35.92B	33.52B	31.35B	28.75B	29.67B	26.84B	24.53B
Property, Plant & Equipment	30.70B	27.48B	25.10B	22.74B	22.38B	21.05B	18.97B	18.13B
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	79.00M	69.00M	76.00M	71.00M	71.00M	70.00M	71.00M	69.00M
Total Current Liabilities	3.55B	3.52B	2.90B	2.98B	2.20B	3.07B	2.70B	2.62B
Accounts Payable	1.40B	1.09B	809.00M	936.00M	886.00M	668.00M	635.00M	733.00M
Short-Term Debt	959.00M	1.26B	1.07B	1.11B	376.00M	587.00M	1.20B	1.07B
Total Liabilities	30.68B	27.17B	25.39B	23.76B	21.57B	23.59B	21.78B	19.74B
Long-Term Debt	17.83B	15.19B	14.51B	13.12B	12.05B	11.74B	11.95B	10.62B
Total Debt	18.94B	16.59B	15.67B	14.34B	12.50B	12.42B	13.29B	11.78B
Net Debt (Cash)	18.32B	16.49B	15.44B	14.18B	12.05B	12.39B	13.15B	11.62B
Total Shareholders' Equity	9.14B	8.23B	7.54B	7.01B	6.63B	5.50B	5.02B	4.75B
Common Stock	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M	3.00M
Retained Earnings	2.44B	2.04B	1.66B	1.35B	1.06B	214.00M	-25.00M	-271.00M
Current Ratio	0.98	0.79	0.98	1.15	1.19	0.78	0.86	0.94
Debt to Equity Ratio	2.07	2.02	2.08	2.04	1.89	2.26	2.65	2.48

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About CMS Energy Corporation

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 263 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,619 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 82,854 miles of electric distribution overhead lines; 10,027 miles of underground distribution lines; and 1,102 substations. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,337 miles of transmission lines; 14 gas storage fields; 28,433 miles of distribution mains; and 8 compressor stations. The NorthStar Clean Energy segment is involved in the independent power production and marketing, including the development and operation of renewable generation. The company serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

Jackson, MI

8,350 employees

www.cmsenergy.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Garrick J. Rochow

View full financials