CMS Energy Corporation (CMS) — Capital Reinvestment Ratio
Latest as of March 2026:
1.47x
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 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.47x
Capex / Operating Cash Flow
Operating Cash Flow
$705.00 Million
USD
Capital Expenditures
$1.04 Billion
USD
Data as of
Mar 2026
Most recent filing
CMS Energy Corporation Capital Reinvestment Ratio (1994–2025)
This chart tracks CMS Energy Corporation's Capital Reinvestment Ratio across 31 annual periods.
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 stock valuation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow