CMS Energy Corporation (CMS) — Financial Flexibility Index
CMS Energy Corporation (CMS) has a Financial Flexibility Index of 0.06x as of March 2026. Free cash flow of $1.74 Billion (operating CF $705.00 Million minus capex $1.04 Billion) represents 0% of total liabilities ($30.23 Billion). Also explore CMS Energy Corporation (CMS) net asset momentum to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
CMS Energy Corporation Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for CMS Energy Corporation across 32 annual periods. Check CMS strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for CMS Energy Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for CMS Energy Corporation. For the full company profile including market capitalisation, see CMS market cap overview.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.20x | $6.06 Billion | $2.23 Billion | $30.68 Billion | ▼ -0.4% |
| 2024 | 0.20x | $5.39 Billion | $2.37 Billion | $27.17 Billion | ▼ -8.9% |
| 2023 | 0.22x | $5.53 Billion | $2.31 Billion | $25.39 Billion | ▲ +55.0% |
| 2022 | 0.14x | $3.34 Billion | $855.00 Million | $23.76 Billion | ▼ -24.8% |
| 2021 | 0.19x | $4.03 Billion | $1.82 Billion | $21.57 Billion | ▲ +18.3% |
| 2020 | 0.16x | $3.72 Billion | $1.28 Billion | $23.59 Billion | ▼ -14.6% |
| 2019 | 0.18x | $4.03 Billion | $1.79 Billion | $21.78 Billion | ▼ -3.4% |
| 2018 | 0.19x | $3.78 Billion | $1.70 Billion | $19.74 Billion | ▲ +5.5% |
| 2017 | 0.18x | $3.37 Billion | $1.71 Billion | $18.57 Billion | ▼ -4.7% |
| 2016 | 0.19x | $3.30 Billion | $1.63 Billion | $17.33 Billion | ▼ -2.7% |
| 2015 | 0.20x | $3.20 Billion | $1.64 Billion | $16.36 Billion | ▲ +0.2% |
| 2014 | 0.20x | $3.02 Billion | $1.45 Billion | $15.48 Billion | ▼ -0.9% |
| 2013 | 0.20x | $2.75 Billion | $1.42 Billion | $13.93 Billion | ▲ +11.0% |
| 2012 | 0.18x | $2.47 Billion | $1.24 Billion | $13.89 Billion | ▲ +15.9% |
| 2011 | 0.15x | $2.05 Billion | $1.17 Billion | $13.38 Billion | ▲ +10.0% |
| 2010 | 0.14x | $1.78 Billion | $959.00 Million | $12.78 Billion | ▲ +3.0% |
| 2009 | 0.14x | $1.67 Billion | $848.00 Million | $12.32 Billion | ▲ +21.6% |
| 2008 | 0.11x | $1.35 Billion | $559.00 Million | $12.14 Billion | ▼ -6.7% |
| 2007 | 0.12x | $1.40 Billion | $27.00 Million | $11.76 Billion | ▲ +12.3% |
| 2006 | 0.11x | $1.36 Billion | $688.00 Million | $12.79 Billion | ▲ +16.8% |
| 2005 | 0.09x | $1.19 Billion | $599.00 Million | $13.10 Billion | ▲ +26.2% |
| 2004 | 0.07x | $923.00 Million | $398.00 Million | $12.81 Billion | ▲ +209.1% |
| 2003 | 0.02x | $284.00 Million | $-251.00 Million | $12.18 Billion | ▼ -78.1% |
| 2002 | 0.11x | $1.36 Billion | $614.00 Million | $12.76 Billion | ▼ -3.9% |
| 2001 | 0.11x | $1.68 Billion | $417.00 Million | $15.13 Billion | ▲ +0.2% |
| 2000 | 0.11x | $1.49 Billion | $453.00 Million | $13.40 Billion | ▼ -29.4% |
| 1999 | 0.16x | $2.04 Billion | $917.00 Million | $13.01 Billion | ▼ -21.2% |
| 1998 | 0.20x | $1.81 Billion | $516.00 Million | $9.09 Billion | ▲ +19.5% |
| 1997 | 0.17x | $1.30 Billion | $624.00 Million | $7.82 Billion | ▼ -12.8% |
| 1996 | 0.19x | $1.32 Billion | $661.00 Million | $6.91 Billion | ▲ +4.7% |
| 1995 | 0.18x | $1.22 Billion | $682.00 Million | $6.67 Billion | ▼ -3.6% |
| 1994 | 0.19x | $1.19 Billion | $612.00 Million | $6.28 Billion | — |