CMS ENERGY CORPORATION
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $8.54B | $7.52B | $7.46B | $8.60B | $7.33B | $6.42B | $6.62B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $1.73B | $1.49B | $1.24B | $1.22B | $1.15B | $1.23B | $1.12B |
| Operating Margin | — | 20.2% | 19.8% | 16.6% | 14.2% | 15.6% | 19.2% | 16.8% |
| Interest Expense | — | $798.0M | $700.0M | $643.0M | $519.0M | $500.0M | $505.0M | $460.0M |
| Pretax Income | — | $1.25B | $1.12B | $954.0M | $902.0M | $823.0M | $809.0M | $764.0M |
| Income Tax Expense | — | $246.0M | $176.0M | $147.0M | $93.0M | $95.0M | $115.0M | $131.0M |
| Net Income | — | $1.07B | $1.00B | $887.0M | $837.0M | $1.35B | $755.0M | $680.0M |
| Net Margin | — | 12.5% | 13.3% | 11.9% | 9.7% | 18.5% | 11.8% | 10.3% |
| EPS (Basic) | — | $3.53 | $3.34 | $3.01 | $2.85 | $4.66 | $2.65 | $2.40 |
| EPS (Diluted) | — | $3.53 | $3.33 | $3.01 | $2.85 | $4.66 | $2.64 | $2.39 |
| Shares Outstanding (Basic) | 306.4M | 300.4M | 297.6M | 291.2M | 289.5M | 289.0M | 285.0M | 283.0M |
| Shares Outstanding (Diluted) | 306.4M | 301.0M | 298.3M | 291.7M | 290.0M | 289.5M | 286.3M | 284.3M |
| Dividends Per Share | — | $2.17 | $2.06 | $1.95 | $1.84 | $1.74 | $1.63 | $1.53 |