CMS Energy has grown revenue 2.7% a year over three years and 5.3% a year over five, with earnings per share compounding at 10%. Revenue growth, 3-year annual rate: +2.7% (Utilities - Regulated Electric median +8.1%). Revenue growth, 5-year rate: +5.3%, growth has slowed since the five-year average. Earnings per share, 3-year rate: +10%, earnings outgrew revenue: margins or the share count worked for shareholders. Years of annual history on file: 18, FY2008 to FY2025, as filed.

CMSCMS Energy

Utilities

$65.49-4.5% 1Y

$65.49

$62.6152 weeks$79.32

Is it growing?

Mixed

Neither accelerating nor breaking down: nothing decisive, though operating margin narrowing (−1.0 points).

1 to watch, 2 neutral

Revenue trend+10% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +5% a year.

Earnings trend−2% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing slower than revenue, so the growth is costing something.

Margin direction−1.0 points operating

Trailing-twelve-month operating margin, 18.9% now against 20.0% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is CMS growing?

CMS Energy has grown revenue 2.7% a year over three years and 5.3% a year over five, with earnings per share compounding at 10%.

+2.7%

Revenue growth, 3-year annual rate · Utilities - Regulated Electric median +8.1% · growing slowly · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate: +5.3%
Revenue growth, 5-year rate · +2.7% over three · growth has slowed since the five-year average
Earnings per share, 3-year rate: +10%
Earnings per share, 3-year rate · revenue +2.7% · earnings outgrew revenue: margins or the share count worked for shareholders
Years of annual history on file: 18
Years of annual history on file · FY2008 to FY2025, as filed