# CMS ENERGY CORP (CMS) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from CMS ENERGY CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/CMS/mda/fy2025/): filed 2026-02-10; accession 0000811156-26-000004 (https://www.sec.gov/Archives/edgar/data/811156/000081115626000004/cms-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/CMS/mda/fy2024/): filed 2025-02-11; accession 0000811156-25-000036 (https://www.sec.gov/Archives/edgar/data/811156/000081115625000036/cms-20241231.htm)
- [FY 2023 MD&A](/company/CMS/mda/fy2023/): filed 2024-02-08; accession 0000811156-24-000044 (https://www.sec.gov/Archives/edgar/data/811156/000081115624000044/cms-20231231.htm)
- [FY 2022 MD&A](/company/CMS/mda/fy2022/): filed 2023-02-09; accession 0000811156-23-000014 (https://www.sec.gov/Archives/edgar/data/811156/000081115623000014/cms-20221231.htm)
- [FY 2021 MD&A](/company/CMS/mda/fy2021/): filed 2022-02-10; accession 0000811156-22-000048 (https://www.sec.gov/Archives/edgar/data/811156/000081115622000048/cms-20211231.htm)

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