CMS Energy Corporation (CMS) — Financial Flexibility Index
CMS Energy Corporation (CMS) has a Financial Flexibility Index of 0.05x as of June 2026. Free cash flow of $1.59 Billion (operating CF $622.00 Million minus capex $967.00 Million) represents 0% of total liabilities ($30.71 Billion). Check total reinvestment intensity of CMS Energy Corporation to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see CMS Energy Corporation cash flow conversion.
Annual Financial Flexibility Index for CMS Energy Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for CMS Energy Corporation. Explore CMS Energy Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
| 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 | — |