CMS Energy (CMS) FY2024 results: revenue $7.5 billion, up 0.7% on the year
CMS Energy Corp. (CMS) reported revenue of $7.5 billion for fiscal 2024, the year ended 31 December 2024, up 0.7% on the year before. Net income was $1.0 billion, up 13.1%, and diluted earnings per share $3.33. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2025.
Revenue
$7.5 billion
+0.7% on the year
FY2017FY2024
Operating margin
19.8%
16.6% a year earlier
FY2017FY2024
Net income
$1.0 billion
+13.1% on the year
FY2017FY2024
Diluted EPS
$3.33
+10.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,370
2,309
855
+2.6%
Capital expenditure
n/a
n/a
2,374
Free cash flow
n/a
n/a
-1,519
Free cash flow margin
n/a
n/a
-17.7%
Cash from investing
-3,054
-3,386
-2,476
Cash from financing
614
1,143
1,327
-46.3%
Depreciation and amortisation
1,240
1,180
1,126
+5.1%
Dividends paid
n/a
n/a
546
Dividend per share
$2.06
$1.95
$1.84
+5.6%
Diluted shares, weighted
298m
292m
290m
+2.3%
Shares outstanding at period end
299m
294m
291m
+1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,230
7,544
7,015
+9.1%
Non-controlling interest
518
581
580
-10.8%
Debt
16,386
15,581
14,212
+5.2%
Operating lease liabilities
21.0
22.0
27.0
-4.5%
Finance lease liabilities
112
62.0
68.0
+80.6%
Other liabilities
10,653
9,727
9,451
+9.5%
Total liabilities and equity
35,920
33,517
31,353
+7.2%
Fixed assets
27,461
25,072
22,713
+9.5%
Cash and equivalents
103
227
164
-54.6%
Receivables
n/a
n/a
1,564
Other assets
8,356
8,218
6,912
+1.7%
Total assets
35,920
33,517
31,353
+7.2%
10-K for the year ended 31 December 2024, filed 11 February 2025: the filing.