Business
CMS Energy is a Michigan energy holding company. Its main subsidiary, Consumers Energy, provides electric and gas utility service, while NorthStar Clean Energy operates and markets independent power generation.
CMS Energy grew revenue +13.5% and net income +6.8%, but operating cash flow fell and debt rose +17.2%.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +13.5% to $8.30BOK
- Profitability — Net income +6.8% to $1.07BOK
- Cash quality — OCF -5.7% to $2.24BWatch
- Margins — Operating margin +48 bps; net -80 bpsNote
- Balance sheet — Debt +17.2% to $17.81BWatch
- Insiders — 1 buy / 7 sells; 1 buyerWatch
Where the revenue comes from
Fiscal 2025, as CMS ENERGY CORP reports it. History and quarterly detail are in the app.
- Electric Utility$5.6B
- Gas Utility$2.5B
- NorthStar Clean Energy$408.0M
Leadership changes
From CMS ENERGY CORP's own filings, the day they're filed.
- Rejji P. Hayes · chief financial officer · departureeff. 2026-06-03
- Diane Leopold · Directors · appointmenteff. 2026-02-20
- Richard P. Keyes · Directors · appointmenteff. 2026-02-20
Latest filings
- 10-Q · Quarterly report2026-07-28
- 8-K · Company announcement2026-07-28
- 8-K · Company announcement2026-06-03
- 8-K · Company announcement2026-05-13
- 8-K · Company announcement2026-05-13
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about CMS ENERGY CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.