CMS Energy · Multi-Quarter Financial Trends

16 quarters · As reported by the company · Amounts in USD billions← CMS

Quarter	Period End	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Net Margin	Free Cash Flow ($B)	EPS	Buybacks ($B)	Dividends ($B)
FY2026 Q2	2026-06-30	1.81	+0.6%	—	0.26	0.12	6.6%	-0.35	0.37	—	—
FY2026 Q1	2026-03-31	2.68	+11.6%	—	0.49	0.34	12.7%	-0.33	1.10	—	—
FY2025 Q4	2025-12-31	2.13	+13.0%	—	0.44	0.29	13.5%	0.48	0.94	—	—
FY2025 Q3	2025-09-30	1.98	+15.4%	—	0.48	0.28	14.0%	-0.64	0.92	—	—
FY2025 Q2	2025-06-30	1.80	+14.1%	—	0.32	0.20	11.2%	-0.47	0.66	—	—
FY2025 Q1	2025-03-31	2.40	+11.8%	—	0.49	0.30	12.7%	0.11	1.01	—	—
FY2024 Q4	2024-12-31	1.89	+1.6%	—	0.43	0.27	14.0%	0.40	0.88	—	—
FY2024 Q3	2024-09-30	1.71	+4.4%	—	0.37	0.25	14.8%	-0.50	0.84	—	—
FY2024 Q2	2024-06-30	1.58	+4.1%	—	0.28	0.20	12.6%	0.03	0.65	—	—
FY2024 Q1	2024-03-31	2.14	−4.6%	—	0.41	0.29	13.4%	0.34	0.96	—	—
FY2023 Q4	2023-12-31	1.86	−15.6%	—	0.41	0.31	16.6%	0.41	1.05	—	—
FY2023 Q3	2023-09-30	1.64	−16.2%	—	0.27	0.18	10.7%	0.20	0.60	—	—
FY2023 Q2	2023-06-30	1.51	—	—	0.24	0.20	13.1%	0.67	0.67	—	—
FY2023 Q1	2023-03-31	2.25	—	—	0.31	0.20	9.1%	0.42	0.69	—	—
FY2022 Q4	2022-12-31	2.21	—	—	0.27	0.17	7.8%	-0.45	0.58	—	—
FY2022 Q3	2022-09-30	1.96	—	—	0.26	0.17	8.4%	-1.04	0.56	—	—

Quarterly figures come from the company's 10-Q and 10-K filings. The fourth quarter is derived as the full year minus the first three quarters; cash flow items are converted from fiscal year-to-date totals into single quarters.