CMS Energy Corporation (CMS) — Cash Flow Reinvestment Rate
CMS Energy Corporation (CMS) has a Cash Flow Reinvestment Rate of 1.47x as of March 2026, reinvesting $1.04 Billion (capex $1.04 Billion ) from operating cash flow of $705.00 Million. Check CMS cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
CMS Energy Corporation Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for CMS Energy Corporation across 31 annual periods. Explore investment intensity of CMS Energy Corporation to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for CMS Energy Corporation (1994–2025)
Year-by-year capital reinvestment analysis for CMS Energy Corporation. For live market cap and broader valuation context, see market value of CMS Energy Corporation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.71x | $3.82 Billion | $2.23 Billion | $3.82 Billion | ▼ -33.2% |
| 2024 | 2.56x | $6.07 Billion | $2.37 Billion | $3.02 Billion | ▼ -10.4% |
| 2023 | 2.86x | $6.61 Billion | $2.31 Billion | $3.22 Billion | ▼ -50.7% |
| 2022 | 5.80x | $4.96 Billion | $855.00 Million | $2.48 Billion | ▲ +206.4% |
| 2021 | 1.89x | $3.44 Billion | $1.82 Billion | $2.21 Billion | ▼ -54.6% |
| 2020 | 4.17x | $5.32 Billion | $1.28 Billion | $2.45 Billion | ▲ +47.6% |
| 2019 | 2.82x | $5.05 Billion | $1.79 Billion | $2.24 Billion | ▲ +95.4% |
| 2018 | 1.44x | $2.46 Billion | $1.70 Billion | $2.07 Billion | ▲ +40.5% |
| 2017 | 1.03x | $1.75 Billion | $1.71 Billion | $1.67 Billion | ▼ -7.4% |
| 2016 | 1.11x | $1.81 Billion | $1.63 Billion | $1.67 Billion | ▲ +1.4% |
| 2015 | 1.09x | $1.79 Billion | $1.64 Billion | $1.56 Billion | ▼ -13.6% |
| 2014 | 1.27x | $1.83 Billion | $1.45 Billion | $1.58 Billion | ▲ +22.9% |
| 2013 | 1.03x | $1.46 Billion | $1.42 Billion | $1.32 Billion | ▲ +4.2% |
| 2012 | 0.99x | $1.23 Billion | $1.24 Billion | $1.23 Billion | ▲ +31.0% |
| 2011 | 0.75x | $882.00 Million | $1.17 Billion | $882.00 Million | ▼ -11.9% |
| 2010 | 0.86x | $821.00 Million | $959.00 Million | $821.00 Million | ▼ -11.3% |
| 2009 | 0.96x | $818.00 Million | $848.00 Million | $818.00 Million | ▼ -31.9% |
| 2008 | 1.42x | $792.00 Million | $559.00 Million | $792.00 Million | ▼ -97.2% |
| 2007 | 50.96x | $1.38 Billion | $27.00 Million | $1.38 Billion | ▲ +5133.2% |
| 2006 | 0.97x | $670.00 Million | $688.00 Million | $670.00 Million | ▼ -1.6% |
| 2005 | 0.99x | $593.00 Million | $599.00 Million | $593.00 Million | ▼ -24.9% |
| 2004 | 1.32x | $525.00 Million | $398.00 Million | $525.00 Million | ▲ +8.4% |
| 2002 | 1.22x | $747.00 Million | $614.00 Million | $747.00 Million | ▼ -59.8% |
| 2001 | 3.03x | $1.26 Billion | $417.00 Million | $1.26 Billion | ▲ +32.8% |
| 2000 | 2.28x | $1.03 Billion | $453.00 Million | $1.03 Billion | ▲ +85.9% |
| 1999 | 1.23x | $1.12 Billion | $917.00 Million | $1.12 Billion | ▼ -51.2% |
| 1998 | 2.51x | $1.29 Billion | $516.00 Million | $1.29 Billion | ▲ +131.0% |
| 1997 | 1.09x | $678.00 Million | $624.00 Million | $678.00 Million | ▲ +9.0% |
| 1996 | 1.00x | $659.00 Million | $661.00 Million | $659.00 Million | ▲ +27.1% |
| 1995 | 0.78x | $535.00 Million | $682.00 Million | $535.00 Million | ▼ -16.5% |
| 1994 | 0.94x | $575.00 Million | $612.00 Million | $575.00 Million | — |