SuperworthCMS Energy profit margin CMS
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 11.6%
- Operating margin, 12 months
- 18.9%
- Net margin on a year earlier
- −1.1 pts
- Peer median
- 12.9%
Over the twelve months to Jun 30, 2026, CMS Energy kept 11.6% of its revenue as net profit, with an operating margin of 18.9% and a gross margin of 69.2%.
Five years earlier its net margin was 13.2%.
The median for 10 electric utilities of a similar size is 12.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.5% | 20.2% | 70.5% |
| FY2024 | 13.3% | 19.8% | 73.7% |
| FY2023 | 11.9% | 16.6% | 69.5% |
| FY2022 | 9.7% | 14.2% | 63.0% |
| FY2021 | 18.5% | 15.6% | 67.3% |
| FY2020 | 11.8% | 19.2% | 69.8% |
| FY2019 | 9.9% | 18.1% | 66.9% |
| FY2018 | 9.6% | 16.9% | 64.4% |
| FY2017 | 7.0% | 20.3% | n/a |
| FY2016 | 8.6% | 19.6% | n/a |
| FY2015 | 8.1% | 18.0% | n/a |
| FY2014 | 6.6% | 16.0% | n/a |
| FY2013 | 6.9% | 17.4% | n/a |
| FY2012 | 6.1% | 16.0% | n/a |
| FY2011 | 6.4% | 15.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 11.6% | −1.1 pts | 18.9% | |
| Q1 FY26 | 12.5% | −0.6 pts | 19.5% | |
| Q4 FY25 | 12.5% | −0.8 pts | 20.2% | |
| Q3 FY25 | 12.6% | −1.4 pts | 20.7% | |
| Q2 FY25 | 12.8% | −0.3 pts | 20.0% | |
| Q1 FY25 | 13.1% | −0.1 pts | 20.2% | |
| Q4 FY24 | 13.3% | +1.5 pts | 19.8% | |
| Q3 FY24 | 14.0% | +4.4 pts | 19.6% | |
| Q2 FY24 | 13.1% | +4.0 pts | 18.5% | |
| Q1 FY24 | 13.2% | +5.1 pts | 18.1% | |
| Q4 FY23 | 11.9% | +2.1 pts | 16.6% | |
| Q3 FY23 | 9.6% | −6.0 pts | 14.1% |
Against its peers
Companies in Regulated Electric nearest CMS Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| CMSCMS Energy | 11.6% |
| EIXEdison International | 19.3% |
| EVRGEvergy | 15.2% |
| ESEversource Energy | 10.4% |
| PPLPPL | 13.5% |
| LNTAlliant Energy | 18.4% |
| FEFirstEnergy | 6.9% |
| CNPCenterPoint Energy | 11.6% |
| DTEDTE Energy | 8.0% |
| AEEAmeren | 17.9% |
| PCGPG&E | 12.3% |
| Peer median | 12.9% |
Where CMS Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on CMS Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.