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). See how liquid is CMS Energy Corporation's working capital to evaluate short-term liquidity relative to the company's equity base.
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 cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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 market cap of CMS Energy Corporation.
| 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 | — |