Cms Energy (CMS) EBIT Margin (2009 - 2026)
Cms Energy's EBIT Margin came in at 14.43% for Q2 2026, down 2.81 percentage points from 17.25% a year earlier and down 3.51 percentage points from the prior quarter.
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Analysis
Cms Energy (CMS) EBIT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cms Energy reported EBIT Margin of 18.95%, down 1.05 percentage points year-over-year; for FY2025, it was 20.22%, up 0.44 percentage points from FY2024.
- EBIT Margin has increased in each of the last three years, with a five-year change of +1.06 percentage points (FY2020 to FY2025).
- Going back by year, EBIT Margin was 19.79% in FY2024 (+3.24 pp), 16.55% in FY2023 (+2.31 pp), 14.24% in FY2022 (-1.40 pp) and 15.64% in FY2021 (-3.53 pp).
- The Q2 2026 figure represents the lowest quarterly EBIT Margin since Q1 2023.
- Year-over-year, EBIT Margin has declined for three consecutive quarters, with an average year-over-year change of +0.26 percentage points over the last eight quarters.
- The fastest year-over-year change in EBIT Margin over five years came in Q4 2023 (a gain of 8.92 percentage points), and the weakest in Q4 2021 (a drop of 7.74 percentage points).
- Business Quant data shows CMS's EBIT Margin at 17.95% (Q1 2026), 19.48% (Q4 2025) and 23.80% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | 30.20% |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | - |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 7.34% |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | 22.64% |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 20.99% |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 21.94% |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 27.43% |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 36.45% |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 40.00% |
| 10 | Cms Energy | 19.78 Bn | 19.12 Bn | 1.27 Bn | 14.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.43% |
| Mar 31, 2026 | 17.95% |
| Dec 31, 2025 | 19.48% |
| Sep 30, 2025 | 23.80% |
| Jun 30, 2025 | 17.25% |
| Mar 31, 2025 | 20.19% |
| Dec 31, 2024 | 21.37% |
| Sep 30, 2024 | 21.06% |
| Jun 30, 2024 | 17.61% |
| Mar 31, 2024 | 18.93% |
| Dec 31, 2023 | 20.82% |
| Sep 30, 2023 | 16.20% |
| Jun 30, 2023 | 15.69% |
| Mar 31, 2023 | 13.75% |
| Dec 31, 2022 | 11.90% |
| Sep 30, 2022 | 12.75% |
| Jun 30, 2022 | 12.45% |
| Mar 31, 2022 | 19.21% |
| Dec 31, 2021 | 10.03% |
| Sep 30, 2021 | 15.07% |
API Access
Cms Energy EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "CMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();