The financials
CMS Energy by the numbers
CMS Energy (CMS) reported revenue of $1.83B in Q2 2026 (quarter ended June 30, 2026), down 0.5% from the same quarter a year earlier. That came with net income of $120M (6.6% of revenue). For the full year FY2025, revenue was $8.54B (+14% year on year) and net income $1.07B. Its largest product in 2026-Q2 was Residential Utility Services at $629M, 46% of the disclosed total, just ahead of Commercial Utility Service at 34%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.83B | $1.84B | −0.5% |
| Operating income | $264M | $317M | −17% |
| Net income | $120M | $201M | −40% |
| Diluted EPS | $0.37 | $0.66 | −44% |
| Product | Revenue | Share |
|---|---|---|
| Residential Utility Services | $629M | 46% |
| Commercial Utility Service | $467M | 34% |
| Industrial Utility Service | $188M | 14% |
| Other Utility Service | $89M | 6.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.37B (-0.58%)
Other Utility Service grew +53% year on yearIndustrial Utility Service -5.5% year on year
Segment Latestquarter on quarteryear on year
- Residential Utility Services$629.0M$629.0MQoQ -5.1%year on year +1.6%-5.1%+1.6%
- Commercial Utility Service$467.0M$467.0MQoQ +4.2%year on year -1.3%+4.2%-1.3%
- Industrial Utility Service$188.0M$188.0MQoQ -6.9%year on year -5.5%-6.9%-5.5%
- Other Utility Service$89.0M$89.0MQoQ +31%year on year +53%+31%+53%
Utilities - Regulated Electric
Ranks #11 of 37 by Smart Score