Cms Energy (CMS) Operating Income (2009 - 2026)
Cms Energy (CMS) reported Operating Income of $47 million for Q3 2026, down 90.2% from $481 million a year earlier and down 82.2% from the prior quarter.
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Analysis
Cms Energy (CMS) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Cms Energy's Operating Income came in at $1.24 billion, down 28.0% year-over-year; for FY2025, it was $1.73 billion, up 16.1% from FY2024.
- Operating Income has increased for four consecutive years, with a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- By year, Operating Income came in at $1.49 billion in FY2024 (+20.4%), $1.24 billion in FY2023 (+0.9%), $1.22 billion in FY2022 (+6.8%) and $1.15 billion in FY2021 (-6.8%).
- The Q3 2026 figure ranks as the lowest quarterly Operating Income in data going back to Q2 2009.
- Year over year, Operating Income has now declined in each of the last three quarters, with an average decline of 4.7% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q4 2023 (growth of 49.8%); the low point was Q3 2026 (a decline of 90.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $264 million (Q2 2026), $490 million (Q1 2026) and $435 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 2.62 Bn |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 1.78 Bn |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 2.05 Bn |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 1.81 Bn |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 329.00 Mn |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 1.48 Bn |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 523.00 Mn |
| 10 | Cms Energy | 21.61 Bn | 20.23 Bn | 1.54 Bn | 47.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.00 Mn |
| Jun 30, 2026 | 264.00 Mn |
| Mar 31, 2026 | 490.00 Mn |
| Dec 31, 2025 | 435.00 Mn |
| Sep 30, 2025 | 481.00 Mn |
| Jun 30, 2025 | 317.00 Mn |
| Mar 31, 2025 | 494.00 Mn |
| Dec 31, 2024 | 425.00 Mn |
| Sep 30, 2024 | 367.00 Mn |
| Jun 30, 2024 | 283.00 Mn |
| Mar 31, 2024 | 412.00 Mn |
| Dec 31, 2023 | 406.00 Mn |
| Sep 30, 2023 | 271.00 Mn |
| Jun 30, 2023 | 244.00 Mn |
| Mar 31, 2023 | 314.00 Mn |
| Dec 31, 2022 | 271.00 Mn |
| Sep 30, 2022 | 258.00 Mn |
| Jun 30, 2022 | 239.00 Mn |
| Mar 31, 2022 | 456.00 Mn |
| Dec 31, 2021 | 204.00 Mn |
API Access
Cms Energy Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "CMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();