CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 2.73B | 2.23B | 2.02B | 1.84B | 2.45B | 1.99B | 1.74B | 1.61B | 2.18B | 1.95B | 1.67B | 1.55B | 2.28B | 2.28B | 2.02B | 1.92B | 2.37B | 2.03B | 1.73B | 1.56B |
| Revenue Growth % | 11.57% | 12.27% | 15.95% | 14.37% | 12.45% | 2% | 4.18% | 3.34% | -4.73% | -14.4% | -17.34% | -19.01% | -3.79% | 12.05% | 17.33% | 23.23% | 17.93% | 17.72% | 14.47% | 12.74% |
| Cost of Revenue | 1.21B | 1.66B | 1.43B | 1.41B | 1.79B | 1.44B | 1.28B | 1.22B | 1.61B | 1.43B | 1.31B | 1.21B | 1.83B | 1.9B | 1.68B | 1.59B | 1.79B | 1.73B | 1.38B | 1.22B |
| Gross Profit | 1.52B | 570M | 588M | 426M | 656M | 551M | 466M | 385M | 567M | 523M | 362M | 341M | 456M | 375M | 345M | 328M | 588M | 303M | 341M | 339M |
| Gross Margin % | 55.79% | 25.53% | 29.09% | 23.18% | 26.81% | 27.7% | 26.74% | 23.96% | 26.06% | 26.82% | 21.64% | 21.93% | 19.96% | 16.46% | 17.05% | 17.08% | 24.77% | 14.9% | 19.77% | 21.76% |
| Gross Profit Growth % | 132.16% | 3.45% | 26.18% | 10.65% | 15.7% | 5.35% | 28.73% | 12.9% | 24.34% | 39.47% | 4.93% | 3.96% | -22.45% | 23.76% | 1.17% | -3.24% | 6.52% | -24.63% | -17.63% | 4.95% |
| Operating Expenses | 1.03B | 135M | 107M | 109M | 162M | 126M | 99M | 102M | 155M | 117M | 91M | 97M | 142M | 104M | 87M | 89M | 132M | 99M | 81M | 87M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 902M | 577M | 769M | 605M | 882M | 751M | 640M | 556M | 780M | 716M | 533M | 499M | 667M | 567M | 501M | 481M | 801M | 486M | 510M | 496M |
| EBITDA Margin % | 33.04% | 25.84% | 38.05% | 32.92% | 36.04% | 37.76% | 36.72% | 34.6% | 35.85% | 36.72% | 31.86% | 32.09% | 29.2% | 24.89% | 24.75% | 25.05% | 33.74% | 23.91% | 29.57% | 31.84% |
| EBITDA Growth % | 2.27% | -23.17% | 20.16% | 8.81% | 13.08% | 4.89% | 20.08% | 11.42% | 16.94% | 26.28% | 6.39% | 3.74% | -16.73% | 16.67% | -1.76% | -3.02% | 4.3% | -17.21% | -9.89% | 5.53% |
| Depreciation & Amortization | 412M | 142M | 288M | 288M | 388M | 326M | 273M | 273M | 368M | 310M | 262M | 255M | 353M | 296M | 243M | 242M | 345M | 282M | 250M | 244M |
| D&A / Revenue % | 15.09% | 6.36% | 14.25% | 15.67% | 15.86% | 16.39% | 15.66% | 16.99% | 16.91% | 15.9% | 15.66% | 16.4% | 15.46% | 12.99% | 12.01% | 12.6% | 14.53% | 13.87% | 14.49% | 15.66% |
| Operating Income (EBIT) | 490M | 435M | 481M | 317M | 494M | 425M | 367M | 283M | 412M | 406M | 271M | 244M | 314M | 271M | 258M | 239M | 456M | 204M | 260M | 252M |
| Operating Margin % | 17.95% | 19.48% | 23.8% | 17.25% | 20.19% | 21.37% | 21.06% | 17.61% | 18.93% | 20.82% | 16.2% | 15.69% | 13.75% | 11.9% | 12.75% | 12.45% | 19.21% | 10.03% | 15.07% | 16.17% |
| Operating Income Growth % | -0.81% | 2.35% | 31.06% | 12.01% | 19.9% | 4.68% | 35.42% | 15.98% | 31.21% | 49.82% | 5.04% | 2.09% | -31.14% | 32.84% | -0.77% | -5.16% | 6.05% | -33.55% | -23.53% | 1.61% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.04x | 1.89x | 2.65x | 2.26x | 2.89x | 2.47x | 2.49x | 2.25x | 2.81x | 2.84x | 2.12x | 2.43x | 2.52x | 2.32x | 2.40x | 2.24x | 4.06x | 1.94x | 2.43x | 2.40x |
| Interest / Revenue % | 0.04% | 0.04% | 0.05% | 0.05% | 0.04% | 0.05% | 0.06% | 0.06% | 0.05% | 0.05% | 0.06% | 0.06% | 0.04% | 0.04% | 0.05% | 0.05% | 0.04% | 0.05% | 0.06% | 0.06% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 362M | 295M | 340M | 255M | 358M | 306M | 273M | 223M | 321M | 317M | 184M | 230M | 223M | 184M | 182M | 156M | 380M | 119M | 179M | 175M |
| Pretax Margin % | 13.26% | 13.21% | 16.82% | 13.87% | 14.63% | 15.38% | 15.66% | 13.88% | 14.75% | 16.26% | 11% | 14.79% | 9.76% | 8.08% | 8.99% | 8.13% | 16.01% | 5.85% | 10.38% | 11.23% |
| Income Tax | 85M | 53M | 68M | 62M | 63M | 51M | 26M | 41M | 58M | 66M | 11M | 41M | 29M | 21M | 19M | 14M | 39M | 5M | 26M | 22M |
| Effective Tax Rate % | 23.48% | 17.97% | 20% | 24.31% | 17.6% | 16.67% | 9.52% | 18.39% | 18.07% | 20.82% | 5.98% | 17.83% | 13% | 11.41% | 10.44% | 8.97% | 10.26% | 4.2% | 14.53% | 12.57% |
| Net Income | 340M | 289M | 277M | 201M | 304M | 265M | 253M | 198M | 287M | 309M | 176M | 198M | 204M | 171M | 165M | 148M | 348M | 639M | 189M | 176M |
| Net Margin % | 12.45% | 12.94% | 13.71% | 10.94% | 12.42% | 13.32% | 14.52% | 12.32% | 13.19% | 15.85% | 10.52% | 12.73% | 8.93% | 7.51% | 8.15% | 7.71% | 14.66% | 31.43% | 10.96% | 11.3% |
| Net Income Growth % | 11.84% | 9.06% | 9.49% | 1.52% | 5.92% | -14.24% | 43.75% | 0% | 40.69% | 80.7% | 6.67% | 33.78% | -41.38% | -73.24% | -12.7% | -15.91% | -0.29% | 304.43% | -13.3% | 29.41% |
| EPS (Diluted) | 1.10 | 0.94 | 0.92 | 0.66 | 1.01 | 0.88 | 0.84 | 0.65 | 0.96 | 1.04 | 0.60 | 0.67 | 0.69 | 0.58 | 0.56 | 0.51 | 1.20 | 2.21 | 0.65 | 0.61 |
| EPS Growth % | 8.91% | 6.82% | 9.52% | 1.54% | 5.21% | -15.38% | 40% | -2.99% | 39.13% | 79.31% | 7.14% | 31.37% | -42.5% | -73.76% | -13.85% | -16.39% | 10.09% | 370.21% | -9.72% | 35.56% |
| EPS (Basic) | 1.10 | 0.94 | 0.92 | 0.66 | 1.01 | 0.88 | 0.84 | 0.65 | 0.96 | 1.04 | 0.60 | 0.67 | 0.69 | 0.58 | 0.56 | 0.51 | 1.20 | 2.21 | 0.65 | 0.61 |
| Diluted Shares Outstanding | 307.27M | 300.4M | 300.4M | 299.1M | 298.5M | 298.5M | 298.5M | 298.5M | 297.2M | 294.4M | 291.4M | 291.3M | 291.2M | 289.66M | 290.1M | 290.1M | 289.9M | 289.7M | 289.6M | 289.4M |