CMS Energy Corporation (CMS) — Capital Reinvestment Ratio
CMS Energy Corporation (CMS) has a Capital Reinvestment Ratio of 1.47x as of March 2026, meaning it reinvests 1% of its operating cash flow ($705.00 Million) in capital expenditures ($1.04 Billion). See CMS Energy Corporation net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
CMS Energy Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks CMS Energy Corporation's Capital Reinvestment Ratio across 31 annual periods. Check CMS Energy Corporation (CMS) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for CMS Energy Corporation (1994–2025)
Year-by-year Capital Reinvestment Ratio for CMS Energy Corporation from 1994 to 2025. For live market cap and broader valuation context, see CMS Energy Corporation (CMS) total market value.
| 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 | — |