Cms Energy (CMS) Gross Margin (2017 - 2026)
Cms Energy (CMS) reported Gross Margin of 69.55% for Q2 2026, up 0.18 percentage points from 69.37% a year earlier and up 4.97 percentage points from the prior quarter.
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Analysis
Cms Energy (CMS) Gross Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cms Energy's Gross Margin came in at 69.22%, down 3.11 percentage points year-over-year; for FY2025, it came in at 70.55%, down 3.20 percentage points from FY2024.
- Gross Margin has a five-year change of +2.78 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 73.75% in FY2024 (+4.26 pp), 69.49% in FY2023 (+6.53 pp), 62.96% in FY2022 (-4.29 pp) and 67.25% in FY2021 (-0.51 pp).
- Five-year quarterly Gross Margin spans a low of 61.12% in Q1 2022 and a high of 77.40% in Q3 2024.
- Year over year, Gross Margin gained in three of the last eight quarters, with an average year-over-year change of -1.55 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2023 (a gain of 10.38 percentage points); the low point was Q1 2022 (a drop of 6.29 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 64.58% (Q1 2026), 71.61% (Q4 2025) and 72.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | 39.24% |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | - |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | - |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | - |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 73.06% |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | - |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 75.47% |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 99.07% |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | - |
| 10 | Cms Energy | 19.78 Bn | 19.12 Bn | 1.27 Bn | 69.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.55% |
| Mar 31, 2026 | 64.58% |
| Dec 31, 2025 | 71.61% |
| Sep 30, 2025 | 72.54% |
| Jun 30, 2025 | 69.37% |
| Mar 31, 2025 | 68.82% |
| Dec 31, 2024 | 74.91% |
| Sep 30, 2024 | 77.40% |
| Jun 30, 2024 | 74.18% |
| Mar 31, 2024 | 69.44% |
| Dec 31, 2023 | 72.10% |
| Sep 30, 2023 | 74.96% |
| Jun 30, 2023 | 72.60% |
| Mar 31, 2023 | 61.12% |
| Dec 31, 2022 | 61.72% |
| Sep 30, 2022 | 65.91% |
| Jun 30, 2022 | 63.59% |
| Mar 31, 2022 | 61.12% |
| Dec 31, 2021 | 63.70% |
| Sep 30, 2021 | 69.91% |
API Access
Cms Energy Gross 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=gross-margin&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();