FINHUB Insights

CMS · Q1 FY25 · Jan 1 – Mar 31, 2025

CMS Energy Q1 FY25: where the revenue came from and where it went

CMS Energy Q1 FY25: revenue $2.4B (+12% year over year). Net profit $0.3B. Largest cohort Electric Utility $1.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
Apr 24, 2025 10-Q
Sankey diagram of CMS Energy's income statement for Q1 FY25: revenue of $2.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.4B +12% year over year
Operating profit$0.5B 20% margin
Net profit$0.3B 12% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 2.4 100% +12%
Electric Utility 1.3 54% +15%
Gas Utility 1 42% +9%
North Star Clean Energy 0.1 4% +25%
Maintenance and other operating−1.217%+0pp
Depreciation and amortization−0.416%+0pp
Fuel for electric generation−0.29%+0pp
General taxes−0.27%+0pp
Operating profit0.520% margin+1pp
Tax−0.1
Interest & other costs−0.1
Net profit0.312%−1pp
Filing on EDGAR More quarters of CMS

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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