CMS Energy Corporation Capital Reinvestment Ratio
CMS Energy Corporation capital reinvestment ratio. CMS Energy Corporation (CMS) has a Capital Reinvestment Ratio of 1.55x as of June 2026, meaning it reinvests 2% of its operating cash flow ($622.00 Million) in capital expenditures ($967.00 Million). See CMS FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of CMS Energy Corporation (1994–2025)
Capital reinvestment ratio of CMS Energy Corporation from 1994 to 2025. This chart tracks CMS Energy Corporation's Capital Reinvestment Ratio across 31 annual periods. See CMS financial flexibility score to measure the company's free cash flow as a share of total liabilities.
CMS Energy Corporation Capital Reinvestment Ratio by Year (1994–2025)
CMS Energy Corporation capital reinvestment ratio by year from 1994 to 2025. For the full cash flow conversion analysis, see CMS Energy Corporation cash conversion from operations.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.71x | $2.23 Billion | $3.82 Billion | ▲ +34.4% |
| 2024 | 1.27x | $2.37 Billion | $3.02 Billion | ▼ -8.7% |
| 2023 | 1.39x | $2.31 Billion | $3.22 Billion | ▼ -52.0% |
| 2022 | 2.90x | $855.00 Million | $2.48 Billion | ▲ +138.9% |
| 2021 | 1.21x | $1.82 Billion | $2.21 Billion | ▼ -36.7% |
| 2020 | 1.92x | $1.28 Billion | $2.45 Billion | ▲ +53.6% |
| 2019 | 1.25x | $1.79 Billion | $2.24 Billion | ▲ +2.6% |
| 2018 | 1.22x | $1.70 Billion | $2.07 Billion | ▲ +24.7% |
| 2017 | 0.98x | $1.71 Billion | $1.67 Billion | ▼ -4.9% |
| 2016 | 1.03x | $1.63 Billion | $1.67 Billion | ▲ +7.6% |
| 2015 | 0.95x | $1.64 Billion | $1.56 Billion | ▼ -12.5% |
| 2014 | 1.09x | $1.45 Billion | $1.58 Billion | ▲ +16.9% |
| 2013 | 0.93x | $1.42 Billion | $1.32 Billion | ▼ -5.7% |
| 2012 | 0.99x | $1.24 Billion | $1.23 Billion | ▲ +31.0% |
| 2011 | 0.75x | $1.17 Billion | $882.00 Million | ▼ -11.9% |
| 2010 | 0.86x | $959.00 Million | $821.00 Million | ▼ -11.3% |
| 2009 | 0.96x | $848.00 Million | $818.00 Million | ▼ -31.9% |
| 2008 | 1.42x | $559.00 Million | $792.00 Million | ▼ -97.2% |
| 2007 | 50.96x | $27.00 Million | $1.38 Billion | ▲ +5133.2% |
| 2006 | 0.97x | $688.00 Million | $670.00 Million | ▼ -1.6% |
| 2005 | 0.99x | $599.00 Million | $593.00 Million | ▼ -24.9% |
| 2004 | 1.32x | $398.00 Million | $525.00 Million | ▲ +8.4% |
| 2002 | 1.22x | $614.00 Million | $747.00 Million | ▼ -59.8% |
| 2001 | 3.03x | $417.00 Million | $1.26 Billion | ▲ +32.8% |
| 2000 | 2.28x | $453.00 Million | $1.03 Billion | ▲ +85.9% |
| 1999 | 1.23x | $917.00 Million | $1.12 Billion | ▼ -51.2% |
| 1998 | 2.51x | $516.00 Million | $1.29 Billion | ▲ +131.0% |
| 1997 | 1.09x | $624.00 Million | $678.00 Million | ▲ +9.0% |
| 1996 | 1.00x | $661.00 Million | $659.00 Million | ▲ +27.1% |
| 1995 | 0.78x | $682.00 Million | $535.00 Million | ▼ -16.5% |
| 1994 | 0.94x | $612.00 Million | $575.00 Million | — |