CMS Energy (CMS) 10-K Summaries & Annual Filing History
Review CMS Energy Corporation (CMS) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
This is the annual report of CMS Energy Corporation for the most recent fiscal year. The filing includes financial metrics showing positive revenue, operating income, net income, and operating cash flow, with revenue returning to a level seen earlier in the trend.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$8.3B
Revenue reported for the fiscal year.
Operating income
$1.7B
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$2.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $8.3B | +17.6% |
| Dec 31, 2023 | $7.3B | -12.7% |
| Dec 31, 2024 | $7.3B | +0.8% |
| Dec 31, 2025 | $8.3B | +13.5% |
Business overview
The filing includes a business overview section, but the specific description is not provided in the supplied data.
Financial performance
The company reported revenue, operating income, net income, and operating cash flow. Revenue increased compared to the prior year and returned to the same value as the first year of the provided trend.
Material risks
The filing references a risk factors section, but the specific risks are not detailed in the supplied data.
Liquidity and capital
The company reported operating cash flow, indicating available liquidity. No specific capital allocation themes are discussed in the supplied context.
What to watch
Monitor the company's revenue trajectory given the fluctuation observed in the reported trend.