Consumers Energy Co (CMS-PB) Financial Statements
Industry: Electric & Other Services Combined
In fiscal 2025, Consumers Energy reported revenue of $8.54B, up 13.6% from $7.51B the year before. Net income was $1.07B (a 12.5% net margin), or $3.53 per diluted share. Gross margin was 20.2% and operating margin was 20.2%. Operating activities generated $2.23B of cash. At fiscal year end, Consumers Energy held $39.94B in total assets against $30.80B in total liabilities, including $509.0M of cash and equivalents.
Open the full interactive Consumers Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Consumers Energy Key Stats
| Share Price | $75.70 |
|---|---|
| Revenue YoY Growth | +13.6% |
| 52-Week Range | $72.74 – $80.87 |
| Shares Outstanding | 310.2 million (basic, 2026 Q2) |
Consumers Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.68B | $7.33B | $8.60B | $7.46B | $7.51B | $8.54B |
| Cost of Goods Sold | $5.32B | $6.18B | $7.37B | $6.23B | $6.03B | $6.81B |
| Gross Profit | $1.36B | $1.15B | $1.22B | $1.24B | $1.49B | $1.73B |
| Operating Income | $1.36B | $1.15B | $1.22B | $1.24B | $1.49B | $1.73B |
| Pre-Tax Income | $885.0M | $823.0M | $902.0M | $954.0M | $1.12B | $1.25B |
| Income Tax | $133.0M | $95.0M | $93.0M | $147.0M | $176.0M | $246.0M |
| Net Income | $755.0M | $1.35B | $837.0M | $887.0M | $1.00B | $1.07B |
| Diluted EPS | $2.64 | $4.66 | $2.85 | $3.01 | $3.33 | $3.53 |
Consumers Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.02B | $2.23B | $2.73B | $1.83B |
| Net Income | $277.0M | $289.0M | $340.0M | $120.0M |
| Diluted EPS | $0.92 | $0.96 | $1.10 | $0.37 |
Consumers Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $168.0M | $452.0M | $164.0M | $227.0M | $103.0M | $509.0M |
| Current Assets | $2.40B | $2.63B | $3.43B | $2.84B | $2.79B | $3.47B |
| Total Assets | $29.67B | $28.75B | $31.35B | $33.52B | $35.92B | $39.94B |
| Current Liabilities | $3.07B | $2.20B | $2.98B | $2.90B | $3.52B | $3.55B |
| Total Long-Term Debt | $15.13B | $12.42B | $14.21B | $15.48B | $16.39B | $18.76B |
| Total Liabilities | $24.17B | $22.12B | $24.34B | $25.97B | $27.69B | $30.80B |
| Shareholders' Equity | $5.50B | $6.63B | $7.01B | $7.54B | $8.23B | $9.14B |
Consumers Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.28B | $1.82B | $855.0M | $2.31B | $2.37B | $2.23B |
| Cash From Investing | -$2.87B | -$1.23B | -$2.48B | -$3.39B | -$3.05B | -$4.04B |
| Cash From Financing | $1.62B | -$295.0M | $1.33B | $1.14B | $614.0M | $2.24B |
| Free Cash Flow | -$1.04B | -$257.0M | -$1.52B | — | — | — |
Figures from Consumers Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Consumers Energy financials page for every line item.
Consumers Energy Company Profile
| Ticker | CMS-PB |
|---|---|
| Exchange | NYSE |
| Industry | Electric & Other Services Combined |
| Headquarters | Jackson, Michigan |
| Incorporated in | Michigan |
| Fiscal Year End | December 31 |
| SEC CIK | 0000201533 |
Frequently Asked Questions
What was Consumers Energy's revenue in fiscal 2025?
Consumers Energy (CMS-PB) reported revenue of $8.54B for fiscal 2025.
What is Consumers Energy's annual revenue history?
Consumers Energy's annual revenue by fiscal year: 2020: $6.68B; 2021: $7.33B; 2022: $8.60B; 2023: $7.46B; 2024: $7.51B; 2025: $8.54B.
What was Consumers Energy's net income in fiscal 2025?
Consumers Energy reported net income of $1.07B for fiscal 2025.
What was Consumers Energy's earnings per share (EPS) in fiscal 2025?
Consumers Energy's diluted EPS was $3.53 for fiscal 2025 (adjusted for any later stock splits).
What was Consumers Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Consumers Energy reported revenue of $1.83B.
How much debt does Consumers Energy have?
Consumers Energy reported $18.76B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Consumers Energy are outstanding?
Consumers Energy reported a weighted average of 310.2 million basic shares outstanding in 2026 Q2.
When does Consumers Energy's fiscal year end?
Consumers Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Consumers Energy headquartered?
Consumers Energy lists its business address in Jackson, Michigan in its SEC filings.