CMS ENERGY CORPORATION (CMS) Return on equity 2016–2025
CMS ENERGY CORPORATION (CMS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
11.7%FY2025 · since FY2016: 13.0% → 11.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 11.7% | -0.5 pp |
| FY2024 | 12.2% | +0.4 pp |
| FY2023 | 11.8% | -0.2 pp |
| FY2022 | 11.9% | -8.5 pp |
| FY2021 | 20.4% | +6.7 pp |
| FY2020 | 13.7% | +0.2 pp |
| FY2019 | 13.6% | -0.3 pp |
| FY2018 | 13.8% | +3.5 pp |
| FY2017 | 10.4% | -2.6 pp |
| FY2016 | 13.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice