Cms Energy (CMS) Gross Margin (2009 - 2026)
Cms Energy's (CMS) quarterly Gross Margin came in at 80.0% in Q2 2026, up 160.0% on a YoY basis from 30.77% in Q2 2025, and down 4.3% quarter-over-quarter from 83.59% in Q1 2026.
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Cms Energy (CMS) Gross Margin (2009 - 2026) Analysis & Trends
Cms Energy (CMS) has reported Gross Margin for 18 consecutive years, with 80.0% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 160.0% year-over-year to 80.0%; the trailing twelve-month figure through Jun 2026 stood at 75.66% (down 396.0% YoY), and the FY2025 full-year result was 79.78%, up 157.0% from the prior year.
- Gross Margin declined to 80.0% in Q2 2026 per CMS's latest filing, from 83.59% 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.
- Historically, Gross Margin has averaged 43.61% across 5 years, with a median of 79.37% in 2023.
- The widest YoY moves for Gross Margin: up 354 bps in 2025, down 63992 bps in 2025.
- Over 5 years, Gross Margin stood at 76.73% in 2022, then grew by 3 bps to 79.33% in 2023, then decreased by 1 bps to 78.88% in 2024, then plunged by 811 bps to 561.04% in 2025, then surged by 114 bps to 80.0% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 80.0%, 83.59%, and 561.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.75 Bn | 306.75 Bn | 890.00 Mn | 39.24% |
| 2 | Dominion Energy | 57.55 Bn | 56.76 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 47.79 Bn | 45.78 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 34.67 Bn | 34.62 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 29.42 Bn | 29.41 Bn | - | - |
| 6 | Firstenergy | 26.78 Bn | 26.59 Bn | 2.51 Bn | 68.33% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | - |
| 8 | Edison International | 22.40 Bn | 22.16 Bn | 3.29 Bn | 75.42% |
| 9 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 80.00% |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 88.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.00% |
| 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% |