CMS Energy Corporation (CMS) — Cash Flow Quality Index
CMS Energy Corporation (CMS) has a Cash Flow Quality Index of 6.48x as of June 2026. Operating cash flow of $622.00 Million exceeds net income of $96.00 Million, indicating high earnings quality where cash backs reported profits. Explore how well can CMS Energy Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
CMS Energy Corporation Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for CMS Energy Corporation across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of CMS Energy Corporation.
Annual Cash Flow Quality Index for CMS Energy Corporation (1994–2025)
Year-by-year earnings quality comparison for CMS Energy Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.09x | $2.23 Billion | $1.07 Billion | ▼ -11.7% |
| 2024 | 2.36x | $2.37 Billion | $1.00 Billion | ▼ -9.3% |
| 2023 | 2.61x | $2.31 Billion | $886.00 Million | ▲ +147.8% |
| 2022 | 1.05x | $855.00 Million | $813.00 Million | ▼ -23.1% |
| 2021 | 1.37x | $1.82 Billion | $1.33 Billion | ▼ -19.4% |
| 2020 | 1.70x | $1.28 Billion | $752.00 Million | ▼ -35.4% |
| 2019 | 2.62x | $1.79 Billion | $682.00 Million | ▲ +1.3% |
| 2018 | 2.59x | $1.70 Billion | $657.00 Million | ▼ -30.1% |
| 2017 | 3.71x | $1.71 Billion | $460.00 Million | ▲ +25.4% |
| 2016 | 2.96x | $1.63 Billion | $551.00 Million | ▼ -5.7% |
| 2015 | 3.14x | $1.64 Billion | $523.00 Million | ▲ +3.4% |
| 2014 | 3.03x | $1.45 Billion | $477.00 Million | ▼ -3.5% |
| 2013 | 3.14x | $1.42 Billion | $452.00 Million | ▼ -5.0% |
| 2012 | 3.31x | $1.24 Billion | $375.00 Million | ▲ +16.9% |
| 2011 | 2.83x | $1.17 Billion | $413.00 Million | ▲ +7.1% |
| 2010 | 2.64x | $959.00 Million | $363.00 Million | ▼ -34.9% |
| 2009 | 4.06x | $848.00 Million | $209.00 Million | ▲ +117.8% |
| 2008 | 1.86x | $559.00 Million | $300.00 Million | ▼ -38.2% |
| 2004 | 3.02x | $398.00 Million | $132.00 Million | ▼ -76.0% |
| 2000 | 12.58x | $453.00 Million | $36.00 Million | ▲ +280.1% |
| 1999 | 3.31x | $917.00 Million | $277.00 Million | ▲ +55.3% |
| 1998 | 2.13x | $516.00 Million | $242.00 Million | ▼ -16.6% |
| 1997 | 2.56x | $624.00 Million | $244.00 Million | ▼ -13.3% |
| 1996 | 2.95x | $661.00 Million | $224.00 Million | ▼ -11.7% |
| 1995 | 3.34x | $682.00 Million | $204.00 Million | ▼ -2.2% |
| 1994 | 3.42x | $612.00 Million | $179.00 Million | — |