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Cms Energy (CMS) Operating Expenses (2016 - 2025)

Cms Energy's Operating Expenses history spans 17 years, with the latest figure at $1.8 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 14.96% year-over-year to $1.8 billion; the TTM value through Dec 2025 reached $6.8 billion, up 13.01%, while the annual FY2025 figure was $6.8 billion, 13.01% up from the prior year.
  • Operating Expenses reached $1.8 billion in Q4 2025 per CMS's latest filing, up from $1.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.0 billion in Q4 2022 to a low of $1.3 billion in Q2 2021.
  • Average Operating Expenses over 5 years is $1.6 billion, with a median of $1.6 billion recorded in 2021.
  • Peak YoY movement for Operating Expenses: increased 28.8% in 2021, then fell 23.07% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $1.8 billion in 2021, then increased by 9.73% to $2.0 billion in 2022, then dropped by 23.07% to $1.5 billion in 2023, then increased by 1.3% to $1.6 billion in 2024, then increased by 14.96% to $1.8 billion in 2025.
  • Per Business Quant, the three most recent readings for CMS's Operating Expenses are $1.8 billion (Q4 2025), $1.5 billion (Q3 2025), and $1.5 billion (Q2 2025).