FINHUB Insights

CMS · Q1 FY26 · Jan 1 – Mar 31, 2026

CMS Energy Q1 FY26: where the revenue came from and where it went

CMS Energy Q1 FY26: revenue $2.7B (+12% year over year). Net profit $0.3B. Largest cohort Electric Utility $1.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 28, 2026 10-Q
Sankey diagram of CMS Energy's income statement for Q1 FY26: revenue of $2.7 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.7B +12% year over year
Operating profit$0.5B 18% margin
Net profit$0.3B 12% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 2.7 100% +12%
Electric Utility 1.4 52% +5%
Gas Utility 1.2 44% +19%
North Star Clean Energy 0.1 4% +19%
Maintenance and other operating−1.416%+0pp
Depreciation and amortization−0.415%+0pp
Fuel for electric generation−0.28%+0pp
General taxes−0.26%+0pp
Operating profit0.518% margin−2pp
Tax−0.1
Interest & other costs−0.1
Net profit0.312%+0pp
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.

Older quarters