CMS Historical Income Statement

CMS Stock

USD 58.48 0.23 0.39%

Historical analysis of CMS Energy income statement accounts such as Total Revenue of 6.3 B, Gross Profit of 2.3 B or Operating Income of 974.7 M can show how well CMS Energy performed in making a profits. Evaluating CMS Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CMS Energy's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining CMS Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CMS Energy is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

About CMS Income Statement Analysis

CMS Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CMS Energy shareholders. The income statement also shows CMS investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CMS Energy Income Statement Chart

CMS Energy Income Statement is one of the three primary financial statements used for reporting CMS's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CMS Energy revenue and expense. CMS Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, CMS Energy's Tax Provision is comparatively stable compared to the past year.

Total Revenue Gross Profit Operating Income Ebitda

Total Revenue

Total revenue comprises all receipts CMS Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of CMS Energy minus its cost of goods sold. It is profit before CMS Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from CMS Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of CMS Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from CMS Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CMS Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMS Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.At this time, CMS Energy's Tax Provision is comparatively stable compared to the past year.

	2021	2022	2023	2024 (projected)
Gross Profit	2.6B	2.8B	2.9B	2.3B
Total Revenue	7.3B	8.6B	7.5B	6.3B

Gross Profit Total Revenue

CMS Energy income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebit	Ebitda	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Minority Interest	Extraordinary Items	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Discontinued Operations
Interest Expense		0.76	-0.21	-0.78	-0.63	-0.15	0.97	-0.51	0.69	0.81	0.57	0.22	0.93	0.57	0.26	0.17	-0.11	0.68	0.56	-0.51	0.22	-0.72	0.69	-0.55
Total Revenue	0.76		-0.26	-0.85	-0.78	-0.54	0.82	-0.4	0.72	0.94	0.91	0.6	0.76	0.5	0.05	0.15	0.08	0.57	0.34	-0.44	0.21	-0.28	0.48	-0.39
Gross Profit	-0.21	-0.26		0.29	0.54	0.51	-0.19	-0.26	0.17	-0.23	-0.46	-0.2	-0.26	0.32	0.2	0.32	-0.52	0.3	0.26	-0.25	0.26	-0.23	0.31	-0.19
Operating Income	-0.78	-0.85	0.29		0.85	0.58	-0.82	0.5	-0.64	-0.8	-0.7	-0.55	-0.72	-0.63	-0.3	-0.31	0.13	-0.55	-0.44	0.46	-0.31	0.31	-0.47	0.17
Ebit	-0.63	-0.78	0.54	0.85		0.83	-0.67	0.16	-0.47	-0.66	-0.7	-0.76	-0.69	-0.25	-0.14	-0.08	-0.39	-0.25	-0.1	0.14	0.15	-0.02	-0.1	-0.09
Ebitda	-0.15	-0.54	0.51	0.58	0.83		-0.21	-0.17	-0.18	-0.31	-0.53	-0.77	-0.24	0.1	-0.05	0.08	-0.54	0.14	0.28	-0.17	0.25	-0.53	0.36	-0.51
Net Income	0.97	0.82	-0.19	-0.82	-0.67	-0.21		-0.6	0.77	0.87	0.66	0.36	0.94	0.65	0.24	0.26	-0.08	0.77	0.62	-0.62	0.23	-0.69	0.73	-0.57
Income Tax Expense	-0.51	-0.4	-0.26	0.5	0.16	-0.17	-0.6		-0.52	-0.55	-0.3	-0.07	-0.32	-0.77	-0.27	-0.58	0.55	-0.81	-0.84	0.95	-0.51	0.64	-0.76	0.48
Depreciation And Amortization	0.69	0.72	0.17	-0.64	-0.47	-0.18	0.77	-0.52		0.64	0.57	0.51	0.74	0.77	0.31	0.52	-0.13	0.88	0.63	-0.66	0.29	-0.54	0.74	-0.42
Other Operating Expenses	0.81	0.94	-0.23	-0.8	-0.66	-0.31	0.87	-0.55	0.64		0.88	0.45	0.77	0.58	-0.03	0.21	-0.07	0.62	0.48	-0.54	0.27	-0.47	0.63	-0.6
Cost Of Revenue	0.57	0.91	-0.46	-0.7	-0.7	-0.53	0.66	-0.3	0.57	0.88		0.62	0.61	0.38	-0.11	0.1	0.19	0.43	0.24	-0.37	0.19	-0.14	0.37	-0.36
Total Operating Expenses	0.22	0.6	-0.2	-0.55	-0.76	-0.77	0.36	-0.07	0.51	0.45	0.62		0.42	0.28	0.13	0.2	0.48	0.27	0.03	-0.15	-0.1	0.21	0.04	0.18
Income Before Tax	0.93	0.76	-0.26	-0.72	-0.69	-0.24	0.94	-0.32	0.74	0.77	0.61	0.42		0.51	0.22	0.13	0.12	0.64	0.44	-0.38	0.06	-0.62	0.61	-0.52
Total Other Income Expense Net	0.57	0.5	0.32	-0.63	-0.25	0.1	0.65	-0.77	0.77	0.58	0.38	0.28	0.51		0.39	0.7	-0.6	0.89	0.82	-0.8	0.65	-0.7	0.89	-0.51
Minority Interest	0.26	0.05	0.2	-0.3	-0.14	-0.05	0.24	-0.27	0.31	-0.03	-0.11	0.13	0.22	0.39		0.12	-0.26	0.38	0.31	-0.29	0.35	-0.34	0.27	0.07
Extraordinary Items	0.17	0.15	0.32	-0.31	-0.08	0.08	0.26	-0.58	0.52	0.21	0.1	0.2	0.13	0.7	0.12		-0.4	0.55	0.56	-0.62	0.35	-0.32	0.59	-0.07
Selling General Administrative	-0.11	0.08	-0.52	0.13	-0.39	-0.54	-0.08	0.55	-0.13	-0.07	0.19	0.48	0.12	-0.6	-0.26	-0.4		-0.4	-0.51	0.45	-0.71	0.52	-0.56	0.38
Net Income From Continuing Ops	0.68	0.57	0.3	-0.55	-0.25	0.14	0.77	-0.81	0.88	0.62	0.43	0.27	0.64	0.89	0.38	0.55	-0.4		0.84	-0.89	0.47	-0.78	0.92	-0.64
Non Operating Income Net Other	0.56	0.34	0.26	-0.44	-0.1	0.28	0.62	-0.84	0.63	0.48	0.24	0.03	0.44	0.82	0.31	0.56	-0.51	0.84		-0.87	0.55	-0.77	0.83	-0.55
Tax Provision	-0.51	-0.44	-0.25	0.46	0.14	-0.17	-0.62	0.95	-0.66	-0.54	-0.37	-0.15	-0.38	-0.8	-0.29	-0.62	0.45	-0.89	-0.87		-0.53	0.66	-0.82	0.52
Interest Income	0.22	0.21	0.26	-0.31	0.15	0.25	0.23	-0.51	0.29	0.27	0.19	-0.1	0.06	0.65	0.35	0.35	-0.71	0.47	0.55	-0.53		-0.49	0.57	-0.36
Net Interest Income	-0.72	-0.28	-0.23	0.31	-0.02	-0.53	-0.69	0.64	-0.54	-0.47	-0.14	0.21	-0.62	-0.7	-0.34	-0.32	0.52	-0.78	-0.77	0.66	-0.49		-0.9	0.79
Reconciled Depreciation	0.69	0.48	0.31	-0.47	-0.1	0.36	0.73	-0.76	0.74	0.63	0.37	0.04	0.61	0.89	0.27	0.59	-0.56	0.92	0.83	-0.82	0.57	-0.9		-0.78
Discontinued Operations	-0.55	-0.39	-0.19	0.17	-0.09	-0.51	-0.57	0.48	-0.42	-0.6	-0.36	0.18	-0.52	-0.51	0.07	-0.07	0.38	-0.64	-0.55	0.52	-0.36	0.79	-0.78

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CMS Energy Account Relationship Matchups

CMS Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	458M	519M	561M	500M	643M	675.2M
Total Revenue	6.8B	6.7B	7.3B	8.6B	7.5B	6.3B
Gross Profit	2.6B	2.8B	2.6B	2.8B	2.9B	2.3B
Operating Income	356M	398M	209M	295M	1.2B	974.7M
Ebit	356M	398M	209M	295M	1.6B	871.4M
Ebitda	1.3B	1.4B	1.3B	1.4B	2.8B	2.9B
Net Income	680M	755M	728M	837M	887M	931.4M
Income Tax Expense	115M	147M	133M	95M	93M	100.8M
Depreciation And Amortization	992M	1.0B	1.1B	1.1B	1.2B	746.6M
Other Operating Expenses	5.6B	5.3B	6.2B	7.4B	6.2B	6.3B
Total Operating Expenses	5.6B	5.3B	6.2B	7.4B	1.6B	1.5B
Income Before Tax	829M	885M	823M	902M	954M	1.0B
Total Other Income Expense Net	473M	487M	614M	607M	362M	380.1M
Net Income Applicable To Common Shares	680M	755M	1.3B	827M	951.1M	550.6M
Minority Interest	37M	581M	23M	24M	29M	42.0M
Extraordinary Items	31M	35M	602M	4M	4.6M	4.4M
Net Income From Continuing Ops	682M	752M	728M	809M	807M	691M
Tax Provision	178M	133M	95M	93M	102M	149.7M
Interest Income	502M	561M	500M	519M	596.9M	341.1M
Net Interest Income	(512M)	(561M)	(500M)	(519M)	(643M)	(675.2M)
Reconciled Depreciation	992M	1.0B	1.1B	1.1B	1.2B	1.1B

Pair Trading with CMS Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CMS Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CMS Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with CMS Stock

0.8	D	Dominion Energy Financial Report 3rd of May 2024	Pair Corr
0.84	ES	Eversource Energy Financial Report 1st of May 2024	Pair Corr
0.79	FE	FirstEnergy Earnings Call This Week	Pair Corr

Moving against CMS Stock

0.66	HE	Hawaiian Electric Buyout Trend	Pair Corr
0.44	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

The ability to find closely correlated positions to CMS Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CMS Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CMS Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CMS Energy to buy it.

The correlation of CMS Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CMS Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CMS Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CMS Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether CMS Energy is a strong investment it is important to analyze CMS Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CMS Energy's future performance. For an informed investment choice regarding CMS Stock, refer to the following important reports:

How To Invest In CMS

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Is CMS Stock a good investment?

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What is CMS Energy's Net Worth?

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Largest Multi-Utilities Companies

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Largest Utilities - Regulated Electric Companies

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For more information on how to buy CMS Stock please use our How to Invest in CMS Energy guide.

You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for CMS Stock analysis

When running CMS Energy's price analysis, check to measure CMS Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CMS Energy is operating at the current time. Most of CMS Energy's value examination focuses on studying past and present price action to predict the probability of CMS Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMS Energy's price. Additionally, you may evaluate how the addition of CMS Energy to your portfolios can decrease your overall portfolio volatility.

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Is CMS Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CMS Energy. If investors know CMS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CMS Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.805

Dividend Share

1.95

Earnings Share

3.01

Revenue Per Share

25.625

Quarterly Revenue Growth

(0.14)

The market value of CMS Energy is measured differently than its book value, which is the value of CMS that is recorded on the company's balance sheet. Investors also form their own opinion of CMS Energy's value that differs from its market value or its book value, called intrinsic value, which is CMS Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CMS Energy's market value can be influenced by many factors that don't directly affect CMS Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CMS Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMS Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMS Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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CMS Historical Income Statement

About CMS Income Statement Analysis

CMS Energy Income Statement Chart

Total Revenue

Gross Profit

Operating Income

CMS Energy income statement Correlations

CMS Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CMS Energy income statement Accounts

Pair Trading with CMS Energy

Moving together with CMS Stock

Moving against CMS Stock

Complementary Tools for CMS Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Income	+ 0.97	Interest Expense
Tax Provision	+ 0.95	Income Tax Expense
Other Operating Expenses	+ 0.94	Total Revenue
Income Before Tax	+ 0.94	Net Income
Income Before Tax	+ 0.93	Interest Expense
Reconciled Depreciation	+ 0.92	Net Income From Continuing Ops

Reconciled Depreciation	- 0.9	Net Interest Income
Tax Provision	- 0.89	Net Income From Continuing Ops
Tax Provision	- 0.87	Non Operating Income Net Other
Operating Income	- 0.85	Total Revenue
Non Operating Income Net Other	- 0.84	Income Tax Expense
Reconciled Depreciation	- 0.82	Tax Provision