CMS Energy (CMS) Revenue & Revenue Breakdown

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CMS Energy Revenue Highlights

Latest Revenue (Y)

$8.54B

Latest Revenue (Q)

$2.02B

Main Segment (Y)

Residential Utility Services

CMS Energy Revenue by Period

CMS Energy Revenue by Year

Date	Revenue	Change
2025-12-31	$8.54B	13.63%
2024-12-31	$7.51B	0.71%
2023-12-31	$7.46B	-13.19%
2022-12-31	$8.60B	17.29%
2021-12-31	$7.33B	14.19%
2020-12-31	$6.42B	-3.11%
2019-12-31	$6.62B	-3.62%
2018-12-31	$6.87B	4.41%
2017-12-31	$6.58B	2.88%
2016-12-31	$6.40B	-0.88%
2015-12-31	$6.46B	-10.07%
2014-12-31	$7.18B	9.34%
2013-12-31	$6.57B	5.01%
2012-12-31	$6.25B	-3.84%
2011-12-31	$6.50B	1.10%
2010-12-31	$6.43B	3.66%
2009-12-31	$6.21B	-8.84%
2008-12-31	$6.81B	5.31%
2007-12-31	$6.46B	5.52%
2006-12-31	$6.13B	4.20%
2005-12-31	$5.88B	7.44%
2004-12-31	$5.47B	-0.74%
2003-12-31	$5.51B	-36.43%
2002-12-31	$8.67B	8.33%
2001-12-31	$8.01B	-8.39%
2000-12-31	$8.74B	47.47%
1999-12-31	$5.93B	15.27%
1998-12-31	$5.14B	7.53%
1997-12-31	$4.78B	10.57%
1996-12-31	$4.32B	11.16%
1995-12-31	$3.89B	7.49%
1994-12-31	$3.62B	3.93%
1993-12-31	$3.48B	-

CMS Energy generated $8.54B in revenue during NA 2025, up 13.63% compared to the previous quarter, and up 133.05% compared to the same period a year ago.

CMS Energy Revenue by Quarter

Date	Revenue	Change
2025-09-30	$2.02B	9.96%
2025-06-30	$1.84B	-24.89%
2025-03-31	$2.45B	23.03%
2024-12-31	$1.99B	14.11%
2024-09-30	$1.74B	8.46%
2024-06-30	$1.61B	-26.15%
2024-03-31	$2.18B	11.59%
2023-12-31	$1.95B	16.56%
2023-09-30	$1.67B	7.59%
2023-06-30	$1.55B	-31.92%
2023-03-31	$2.28B	0.26%
2022-12-31	$2.28B	12.55%
2022-09-30	$2.02B	5.42%
2022-06-30	$1.92B	-19.12%
2022-03-31	$2.37B	16.77%
2021-12-31	$2.03B	17.86%
2021-09-30	$1.73B	10.72%
2021-06-30	$1.56B	-22.60%
2021-03-31	$2.01B	11.96%
2020-12-31	$1.80B	19.31%
2020-09-30	$1.51B	9.04%
2020-06-30	$1.38B	-25.86%
2020-03-31	$1.86B	3.84%
2019-12-31	$1.79B	16.11%
2019-09-30	$1.55B	6.99%
2019-06-30	$1.45B	-29.82%
2019-03-31	$2.06B	12.58%
2018-12-31	$1.83B	14.38%
2018-09-30	$1.60B	7.17%
2018-06-30	$1.49B	-23.60%
2018-03-31	$1.95B	9.84%
2017-12-31	$1.78B	16.44%
2017-09-30	$1.53B	5.38%
2017-06-30	$1.45B	-20.78%
2017-03-31	$1.83B	11.52%
2016-12-31	$1.64B	3.34%
2016-09-30	$1.59B	15.75%
2016-06-30	$1.37B	-23.88%
2016-03-31	$1.80B	19.35%
2015-12-31	$1.51B	1.55%
2015-09-30	$1.49B	10.07%
2015-06-30	$1.35B	-36.05%
2015-03-31	$2.11B	20.08%
2014-12-31	$1.76B	22.94%
2014-09-30	$1.43B	-2.59%
2014-06-30	$1.47B	-41.82%
2014-03-31	$2.52B	45.33%
2013-12-31	$1.74B	20.14%
2013-09-30	$1.45B	2.77%
2013-06-30	$1.41B	-28.95%
2013-03-31	$1.98B	18.50%
2012-12-31	$1.67B	10.82%
2012-09-30	$1.51B	13.05%
2012-06-30	$1.33B	-23.52%
2012-03-31	$1.74B	7.59%
2011-12-31	$1.62B	10.66%
2011-09-30	$1.46B	7.33%
2011-06-30	$1.36B	-33.63%
2011-03-31	$2.06B	22.18%
2010-12-31	$1.68B	16.56%
2010-09-30	$1.44B	7.69%
2010-06-30	$1.34B	-31.88%
2010-03-31	$1.97B	23.17%
2009-12-31	$1.60B	25.35%
2009-09-30	$1.27B	3.75%
2009-06-30	$1.23B	-41.69%
2009-03-31	$2.11B	14.21%
2008-12-31	$1.84B	29.13%
2008-09-30	$1.43B	4.62%
2008-06-30	$1.36B	-37.50%
2008-03-31	$2.18B	-

CMS Energy generated $2.02B in revenue during Q3 2025, up 9.96% compared to the previous quarter, and up 125.76% compared to the same period a year ago.

CMS Energy Revenue Breakdown

CMS Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Industrial Utility Service	$824.00M	$720.00M	$720.00M	$867.00M	$678.00M
Residential Utility Services	$4.36B	$3.75B	$3.85B	$4.40B	$3.80B
Commercial Utility Service	$2.43B	$2.11B	$2.04B	$2.29B	$1.97B
Other Utility Service	-	-	$466.00M	-	-

CMS Energy's latest annual revenue breakdown by segment (product or service), as of Dec 25: Residential Utility Services (57.30%), Commercial Utility Service (31.87%), and Industrial Utility Service (10.83%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Residential Utility Services	$1.16B	$981.00M	$895.00M	$1.32B	$2.91B	$834.00M	$988.00M	$821.00M	$742.00M	$1.30B	$1.21B	$957.00M	$906.00M	$1.33B	$1.03B	$861.00M	$781.00M	$1.12B	$910.00M	$744.00M
Commercial Utility Service	$584.00M	$622.00M	$563.00M	$657.00M	$1.59B	$526.00M	$503.00M	$481.00M	$461.00M	$594.00M	$602.00M	$566.00M	$519.00M	$605.00M	$520.00M	$492.00M	$449.00M	$508.00M	$461.00M	$440.00M
Industrial Utility Service	$202.00M	$210.00M	$209.00M	$203.00M	$546.00M	$174.00M	$181.00M	$180.00M	$167.00M	$192.00M	$213.00M	$236.00M	$222.00M	$196.00M	$184.00M	$172.00M	$161.00M	$161.00M	$157.00M	$166.00M
Other Utility Service	-	-	-	-	-	-	$357.00M	$109.00M	-	-	-	-	-	-	-	-	-	-	-	-

CMS Energy's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Residential Utility Services (59.63%), Commercial Utility Service (29.99%), and Industrial Utility Service (10.37%).

CMS Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
KEP	Korea Electric Power	$88.21T	$23.29T
EBR	Centrais Elétricas Brasileiras S.A. - Eletrobrás	$37.16B	$8.72B
SO	Southern	$29.55B	$7.82B
EIX	Edison	$19.32B	$5.75B
DTE	DTE Energy	$15.81B	$3.53B
FE	FirstEnergy	$15.09B	$4.15B
FTS	Fortis	$11.52B	$2.77B
CMS	CMS Energy	$8.54B	$2.02B
EVRG	Evergy	$5.96B	$1.81B
LNT	Alliant Energy	$4.36B	$1.21B

CMS Revenue FAQ

What is CMS Energy’s yearly revenue?

CMS Energy's yearly revenue for 2025 was $8.54B, representing an increase of 13.63% compared to 2024. The company's yearly revenue for 2024 was $7.52B, representing an increase of 0.71% compared to 2023. CMS's yearly revenue for 2023 was $7.46B, representing a decrease of -13.19% compared to 2022.

What is CMS Energy’s quarterly revenue?

CMS Energy's quarterly revenue for Q3 2025 was $2.02B, a 9.96% increase from the previous quarter (Q2 2025), and a 15.95% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.84B, a -24.89% decrease from the previous quarter (Q1 2025), and a 14.37% increase year-over-year (Q2 2024). CMS's quarterly revenue for Q1 2025 was $2.45B, a 23.03% increase from the previous quarter (Q4 2024), and a 12.45% increase year-over-year (Q1 2024).

What is CMS Energy’s revenue growth rate?

CMS Energy's revenue growth rate for the last 3 years (2023-2025) was 14.43%, and for the last 5 years (2021-2025) was 16.51%.

What are CMS Energy’s revenue streams?

CMS Energy's revenue streams in c 25 are Industrial Utility Service, Residential Utility Services, and Commercial Utility Service. Industrial Utility Service generated $824M in revenue, accounting 10.83% of the company's total revenue, up 14.44% year-over-year. Residential Utility Services generated $4.36B in revenue, accounting 57.30% of the company's total revenue, up 16.41% year-over-year. Commercial Utility Service generated $2.43B in revenue, accounting 31.87% of the company's total revenue, up 14.76% year-over-year.

What is CMS Energy’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of CMS Energy was Residential Utility Services. This segment made a revenue of $4.36B, representing 57.30% of the company's total revenue.