CMS Energy Q3 FY25: where the revenue came from and where it went
The whole income statement of CMS Energy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 30, 2025
Revenue$2.02B
+16% year over year
Operating profit$0.34B
17% margin
Net profit$0.28B
14% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.02 | 100% | +16% |
| Electric utility | 1.68 | 83% | +16% |
| Gas utility | 0.23 | 12% | +10% |
| North star clean energy | 0.11 | 5% | +32% |
| Operating expenses | −1.68 | 83% | |
| Other | −0.72 | 35% | +0pp |
| Maintenance and other operating | −0.42 | 21% | +0pp |
| Depreciation and amortization | −0.29 | 14% | +0pp |
| Fuel for electric generation | −0.15 | 8% | +0pp |
| General taxes | −0.11 | 5% | +0pp |
| Operating profit | 0.34 | 17% margin | +1pp |
| Tax | −0.06 | ||
| Net profit | 0.28 | 14% margin | −1pp |
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