Cms Energy (CMS) Regulatory Assets (2009 - 2026)
Cms Energy's Regulatory Assets was $3.27 billion in Q2 2026, down 8.3% from $3.57 billion a year earlier and down 0.7% from the prior quarter.
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Analysis
Cms Energy (CMS) Regulatory Assets (2009 - 2026) Analysis & Trends
At the end of FY2025, Regulatory Assets at Cms Energy came in at $3.36 billion, down 6.0% from FY2024.
- Regulatory Assets shows a five-year compound annual growth rate of 4.8% (FY2020 to FY2025).
- In earlier years, Regulatory Assets was $3.57 billion in FY2024 (-3.1%), $3.68 billion in FY2023 (+2.4%), $3.6 billion in FY2022 (+59.1%) and $2.26 billion in FY2021 (-14.9%).
- The Q2 2026 figure marks the lowest quarterly Regulatory Assets since Q1 2022.
- Compared with a year earlier, Regulatory Assets has declined for ten straight quarters, with an average decline of 4.1% over the last eight quarters.
- The best year-over-year quarter for Regulatory Assets over five years was Q1 2023 (growth of 77.9%); the worst was Q1 2022 (a decline of 18.2%).
- Per Business Quant data, CMS's Regulatory Assets in the three quarters before Q2 2026 was $3.3 billion (Q1 2026), $3.36 billion (Q4 2025) and $3.55 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Regulatory Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 7.23 Bn |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | - |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 14.41 Bn |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 4.97 Bn |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 8.47 Bn |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 4.88 Bn |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 4.30 Bn |
| 10 | Cms Energy | 21.61 Bn | 20.23 Bn | 1.54 Bn | 3.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.38 Bn |
| Jun 30, 2026 | 3.27 Bn |
| Mar 31, 2026 | 3.30 Bn |
| Dec 31, 2025 | 3.36 Bn |
| Sep 30, 2025 | 3.55 Bn |
| Jun 30, 2025 | 3.57 Bn |
| Mar 31, 2025 | 3.54 Bn |
| Dec 31, 2024 | 3.57 Bn |
| Sep 30, 2024 | 3.56 Bn |
| Jun 30, 2024 | 3.59 Bn |
| Mar 31, 2024 | 3.61 Bn |
| Dec 31, 2023 | 3.68 Bn |
| Sep 30, 2023 | 3.79 Bn |
| Jun 30, 2023 | 3.81 Bn |
| Mar 31, 2023 | 3.80 Bn |
| Dec 31, 2022 | 3.60 Bn |
| Sep 30, 2022 | 3.43 Bn |
| Jun 30, 2022 | 3.37 Bn |
| Mar 31, 2022 | 2.14 Bn |
| Dec 31, 2021 | 2.26 Bn |
API Access
Cms Energy Regulatory Assets 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=regulatory-assets&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "regulatory-assets", "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=regulatory-assets&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();