CMS Energy Corporation (CMS) — Free Cash Flow Generation Index
CMS Energy Corporation (CMS) has a Free Cash Flow Generation Index of -0.47x as of March 2026. Free cash flow of $-334.00 Million represents 0% of operating cash flow ($705.00 Million). Read CMS liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
CMS Energy Corporation Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for CMS Energy Corporation across 31 annual periods. Explore CMS Energy Corporation (CMS) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for CMS Energy Corporation (1994–2025)
Year-by-year Free Cash Flow Generation Index for CMS Energy Corporation. For the full company profile including market capitalisation, see CMS market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.71x | $-1.59 Billion | $2.23 Billion | $3.82 Billion | ▼ -160.0% |
| 2024 | -0.27x | $-648.00 Million | $2.37 Billion | $3.02 Billion | ▲ +30.6% |
| 2023 | -0.39x | $-910.00 Million | $2.31 Billion | $3.22 Billion | ▲ +79.3% |
| 2022 | -1.90x | $-1.63 Billion | $855.00 Million | $2.48 Billion | ▼ -787.0% |
| 2021 | -0.21x | $-390.00 Million | $1.82 Billion | $2.21 Billion | ▲ +76.7% |
| 2020 | -0.92x | $-1.17 Billion | $1.28 Billion | $2.45 Billion | ▼ -268.6% |
| 2019 | -0.25x | $-446.00 Million | $1.79 Billion | $2.24 Billion | ▼ -14.4% |
| 2018 | -0.22x | $-371.00 Million | $1.70 Billion | $2.07 Billion | ▼ -1028.6% |
| 2017 | 0.02x | $40.00 Million | $1.71 Billion | $1.67 Billion | ▲ +188.9% |
| 2016 | -0.03x | $-43.00 Million | $1.63 Billion | $1.67 Billion | ▼ -157.0% |
| 2015 | 0.05x | $76.00 Million | $1.64 Billion | $1.56 Billion | ▲ +151.6% |
| 2014 | -0.09x | $-130.00 Million | $1.45 Billion | $1.58 Billion | ▼ -233.0% |
| 2013 | 0.07x | $96.00 Million | $1.42 Billion | $1.32 Billion | ▲ +498.9% |
| 2012 | 0.01x | $14.00 Million | $1.24 Billion | $1.23 Billion | ▼ -95.4% |
| 2011 | 0.25x | $287.00 Million | $1.17 Billion | $882.00 Million | ▲ +70.6% |
| 2010 | 0.14x | $138.00 Million | $959.00 Million | $821.00 Million | ▲ +306.8% |
| 2009 | 0.04x | $30.00 Million | $848.00 Million | $818.00 Million | ▲ +108.5% |
| 2008 | -0.42x | $-233.00 Million | $559.00 Million | $792.00 Million | ▲ +99.2% |
| 2007 | -49.96x | $-1.35 Billion | $27.00 Million | $1.38 Billion | ▼ -191069.5% |
| 2006 | 0.03x | $18.00 Million | $688.00 Million | $670.00 Million | ▲ +161.2% |
| 2005 | 0.01x | $6.00 Million | $599.00 Million | $593.00 Million | ▲ +103.1% |
| 2004 | -0.32x | $-127.00 Million | $398.00 Million | $525.00 Million | ▼ -47.3% |
| 2002 | -0.22x | $-133.00 Million | $614.00 Million | $747.00 Million | ▲ +89.3% |
| 2001 | -2.03x | $-845.00 Million | $417.00 Million | $1.26 Billion | ▼ -58.5% |
| 2000 | -1.28x | $-579.00 Million | $453.00 Million | $1.03 Billion | ▼ -466.2% |
| 1999 | -0.23x | $-207.00 Million | $917.00 Million | $1.12 Billion | ▲ +85.0% |
| 1998 | -1.51x | $-779.00 Million | $516.00 Million | $1.29 Billion | ▼ -1644.5% |
| 1997 | -0.09x | $-54.00 Million | $624.00 Million | $678.00 Million | ▼ -2960.1% |
| 1996 | 0.00x | $2.00 Million | $661.00 Million | $659.00 Million | ▼ -98.6% |
| 1995 | 0.22x | $147.00 Million | $682.00 Million | $535.00 Million | ▲ +256.5% |
| 1994 | 0.06x | $37.00 Million | $612.00 Million | $575.00 Million | — |