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CMS Energy Corporation (CMS) is an utilities company in the US local power providers industry, based in Jackson, United States, with about 8,350 full-time employees.
It reported revenue of $8.54 billion for fiscal year 2025, and net income of $1.06 billion. In Q2 2026 (the quarter ended June 30, 2026) revenue was $1.83 billion. Its largest business segment, Electric Utility, brought in 66% of segment revenue in fiscal year 2025. Its market capitalization was $20.23 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy. The Electric Utility segment is involved in the generation, purchase, distribution, and sale of electricity.
CMS Energy reported $8.54 billion in revenue for fiscal year 2025. In Q2 2026 revenue was $1.83 billion.
Electric Utility, with $5.64 billion or 66% of segment revenue in fiscal year 2025. Next: Gas Utility (29%) and Northstar Clean Energy (5%).
$20.23 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (US local power providers) include Ameren Corporation (AEE), DTE Energy Company (DTE), Eversource Energy (ES), Evergy, Inc. (EVRG).