Cms Energy (CMS) Gross Margin (2009 - 2026)
Cms Energy's (CMS) quarterly Gross Margin came in at 83.59% in Q1 2026, up 14.0% year-on-year from 73.32% in Q1 2025, and up 114.9% quarter-over-quarter from 561.04% in Q4 2025.
Cms Energy (CMS) Gross Margin (2009 - 2026) Analysis & Trends
Cms Energy's Gross Margin history runs 18 years deep, the most recent figure standing at 83.59% for Q1 2026.
- On a quarterly basis, Gross Margin rose 14.0% year-over-year to 83.59% in Q1 2026; TTM through Mar 2026 was 73.45%, a 548.0% decrease from a year earlier, with the FY2025 full-year figure at 79.78%, up 157.0% from the prior year.
- Gross Margin advanced to 83.59% in Q1 2026 per CMS's latest filing, from 561.04% in the prior quarter.
- Across five years, Gross Margin topped out at 85.93% in Q1 2022 and bottomed at 561.04% in Q4 2025.
- The 5-year median for Gross Margin is 79.33% (2023), against an average of 41.47%.
- Biggest YoY gain for Gross Margin was 354 bps in 2025; the steepest drop was 63992 bps in 2025.
- Year by year, Gross Margin stood at 76.73% in 2022, then climbed by 3 bps to 79.33% in 2023, then retreated by 1 bps to 78.88% in 2024, then sank by 811 bps to 561.04% in 2025, then jumped by 115 bps to 83.59% in 2026.
- Per Business Quant, the three latest CMS Gross Margin figures stand at 83.59% (Q1 2026), 561.04% (Q4 2025), and 79.42% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 68.53% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | - |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 99.93% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 59.50% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | - |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | - |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 65.25% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 83.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.59% |
| Dec 31, 2025 | -561.04% |
| Sep 30, 2025 | 79.42% |
| Jun 30, 2025 | 78.40% |
| Mar 31, 2025 | 83.45% |
| Dec 31, 2024 | 78.88% |
| Sep 30, 2024 | 76.36% |
| Jun 30, 2024 | 74.86% |
| Mar 31, 2024 | 81.53% |
| Dec 31, 2023 | 79.33% |
| Sep 30, 2023 | 73.28% |
| Jun 30, 2023 | 73.89% |
| Mar 31, 2023 | 81.13% |
| Dec 31, 2022 | 76.73% |
| Sep 30, 2022 | 79.59% |
| Jun 30, 2022 | 79.58% |
| Mar 31, 2022 | 85.93% |
| Dec 31, 2021 | 73.73% |
| Sep 30, 2021 | 76.23% |
| Jun 30, 2021 | 77.21% |