CMSNYSE,NYSE,NYSE,NYSE,NYSE SEC EDGAR

CMS ENERGY CORP

Electric & Other Services Combined·JACKSON, MI·FY end 12/31·CIK 811156

CEO Pay Ratio

1:1

Rochow

CEO Total Comp

$10.5M

Rochow

Median Employee

$187,884

Revenue

$8.5B

FY 2025

Net Income

$1.1B

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

12.5%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

0.98%

For every $1,000 of profit, $9.84 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$8.5B	$7.5B	$7.5B	$8.6B	$2.0B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.7B	$1.5B	$1.2B	$1.2B	$204.0M
Net Income	$1.1B	$1.0B	$887.0M	$837.0M	$639.0M
Operating CF	$2.2B	$2.4B	$2.3B	$855.0M	$1.8B
Capex	—	—	—	$2.4B	$2.1B
Free Cash Flow	—	—	—	-$1.5B	-$257.0M
Buybacks	—	—	—	—	—	—
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	20.2%	19.8%	16.6%	14.2%	10.0%
Net Margin	12.5%	13.3%	11.9%	9.7%	31.4%
FCF Margin	—	—	—	-17.7%	-12.6%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	19.7%	15.7%	15.4%	10.3%	11.5%
Debt / Equity	1.95	1.85	1.92	1.87	1.82
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Rochow · CEO	—	—	—	—	—	$10.5M
Median Employee	$123.6K	—	—	$8.7K	$55.6K	$187.9K