Cms Energy (CMS) Free Cash Flow (2009 - 2026)
Cms Energy's (CMS) quarterly Free Cash Flow came in at -$679.0 million in Q2 2026, down 44.47% on a YoY basis from -$1.2 billion in Q2 2025, and down 103.29% quarter-over-quarter from -$334.0 million in Q1 2026.
Analysis
Cms Energy (CMS) Free Cash Flow (2009 - 2026) Analysis & Trends
Cms Energy (CMS) has reported Free Cash Flow for 18 consecutive years, with -$679.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 44.47% year-over-year to -$679.0 million; the trailing twelve-month figure through Jun 2026 stood at $918.0 million (down 18.47% YoY), and the FY2025 full-year result was $1.6 billion, down 15.11% from the prior year.
- Free Cash Flow slipped to -$679.0 million in Q2 2026 per CMS's latest filing, from -$334.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $2.6 billion in Q4 2025 and bottomed at -$679.0 million in Q2 2026.
- Historically, Free Cash Flow has averaged $283.9 million across 5 years, with a median of $187.0 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow soared 663.44% in 2022, then plunged 1907.69% in 2025.
- Over 5 years, Free Cash Flow stood at $187.0 million in 2022, then jumped by 118.18% to $408.0 million in 2023, then surged by 386.76% to $2.0 billion in 2024, then increased by 29.2% to $2.6 billion in 2025, then sank by 126.46% to -$679.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$679.0 million, -$334.0 million, and $2.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 307.79 Bn | 307.79 Bn | 890.00 Mn | - |
| 2 | Dominion Energy | 57.22 Bn | 56.43 Bn | 3.50 Bn | 1.49 Bn |
| 3 | Xcel Energy | 47.14 Bn | 45.13 Bn | 3.12 Bn | -1.85 Bn |
| 4 | Wec Energy | 34.41 Bn | 34.36 Bn | 1.45 Bn | -269.70 Mn |
| 5 | Ameren | 29.10 Bn | 29.09 Bn | - | -309.00 Mn |
| 6 | Firstenergy | 26.75 Bn | 26.56 Bn | 2.51 Bn | -356.00 Mn |
| 7 | Hydro One | 22.65 Bn | 22.19 Bn | - | 495.93 Mn |
| 8 | Edison International | 21.81 Bn | 21.57 Bn | 3.29 Bn | - |
| 9 | Cms Energy | 21.02 Bn | 20.78 Bn | 3.65 Bn | -679.00 Mn |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 315.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -679.00 Mn |
| Mar 31, 2026 | -334.00 Mn |
| Dec 31, 2025 | 2.57 Bn |
| Sep 30, 2025 | -635.00 Mn |
| Jun 30, 2025 | -470.00 Mn |
| Mar 31, 2025 | 112.00 Mn |
| Dec 31, 2024 | 1.99 Bn |
| Sep 30, 2024 | -502.00 Mn |
| Jun 30, 2024 | 26.00 Mn |
| Mar 31, 2024 | 343.00 Mn |
| Dec 31, 2023 | 408.00 Mn |
| Sep 30, 2023 | 199.00 Mn |
| Jun 30, 2023 | 581.00 Mn |
| Mar 31, 2023 | 883.00 Mn |
| Dec 31, 2022 | 187.00 Mn |
| Sep 30, 2022 | -457.00 Mn |
| Jun 30, 2022 | 710.00 Mn |
| Mar 31, 2022 | 187.00 Mn |
| Dec 31, 2021 | 1.58 Bn |
| Sep 30, 2021 | -448.00 Mn |