CMS Energy (CMS) Revenue — Quarter Ended Sep 30, 2025
Revenue increased compared to both the prior quarter and the same quarter last year. The growth rate relative to the prior year was stronger than the sequential quarterly growth.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. The growth rate relative to the prior year was stronger than the sequential quarterly growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
+9.8%
Change from the immediately preceding quarter.
Year-over-year
+15.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $1.9B | +1.6% |
| Mar 31, 2025 | $2.4B | +11.8% |
| Jun 30, 2025 | $1.8B | +14.1% |
| Sep 30, 2025 | $2B | +15.4% |
Revenue performance
Revenue rose from the preceding quarter, reversing a previous decline, and also exceeded the level from a year ago.
Quarterly comparison
The year-over-year improvement was larger than the quarter-over-quarter gain, reflecting a sustained upward trend from the prior year period.
What to watch
The sequential revenue recovery after a dip in the previous quarter may warrant attention.