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). Check CMS capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
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. See CMS current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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 | — |