CMS ENERGY CORP FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $8.3B |
| Gross margin | — not reported |
| Operating income | $1.7B |
| Net income | $1.1B |
| Diluted EPS | $3.53 |
| Cash & equivalents | $509.0M |
| Total assets | $39.9B |
| Long-term debt | $17.8B |
Key takeaway
CMS Energy reported $8.305 billion in revenue and $1.071 billion in net income for fiscal 2025, with diluted EPS of $3.53.
🔒 4 more takeaways in the full analysis
Beneath the surface
Cash of $509 million against total debt of roughly $18.939 billion (DebtInstrumentCarryingAmount) leaves the company in a substantial net debt position of over $18 billion, far exceeding what the simple long-term debt headline figure alone might suggest.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for CMS.
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