Cms Energy (CMS) Net Margin (2009 - 2026)
Cms Energy's (CMS) quarterly Net Margin came in at 9.98% in Q2 2026, down 79.0% on a YoY basis from 47.53% in Q2 2025, and down 19.39% quarter-over-quarter from 12.38% in Q1 2026.
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Cms Energy (CMS) Net Margin (2009 - 2026) Analysis & Trends
Cms Energy (CMS) has reported Net Margin for 18 consecutive years, with 9.98% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 79.0% year-over-year to 9.98%; the trailing twelve-month figure through Jun 2026 stood at 14.42% (up 179.0% YoY), and the FY2025 full-year result was 12.43%, down 79.0% from the prior year.
- Net Margin slipped to 9.98% in Q2 2026 per CMS's latest filing, from 12.38% in the prior quarter.
- Across five years, Net Margin topped out at 371.43% in Q4 2025 and bottomed at 7.37% in Q4 2022.
- Historically, Net Margin has averaged 31.59% across 5 years, with a median of 12.36% in 2025.
- The sharpest annual moves came in 2022 and 2025: Net Margin sank 2396 bps in 2022, then soared 35826 bps in 2025.
- Over 5 years, Net Margin stood at 7.37% in 2022, then surged by 113 bps to 15.69% in 2023, then fell by 16 bps to 13.17% in 2024, then soared by 2720 bps to 371.43% in 2025, then plunged by 97 bps to 9.98% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 9.98%, 12.38%, and 371.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 310.56 Bn | 310.56 Bn | 890.00 Mn | 11.99% |
| 2 | Dominion Energy | 57.37 Bn | 56.59 Bn | 3.50 Bn | 7.37% |
| 3 | Xcel Energy | 47.65 Bn | 45.64 Bn | 3.12 Bn | 18.79% |
| 4 | Wec Energy | 34.59 Bn | 34.54 Bn | 1.45 Bn | 14.51% |
| 5 | Ameren | 29.37 Bn | 29.36 Bn | - | 15.01% |
| 6 | Firstenergy | 26.72 Bn | 26.53 Bn | 2.51 Bn | 9.57% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | 11.62% |
| 8 | Edison International | 22.20 Bn | 21.96 Bn | 3.29 Bn | 12.26% |
| 9 | Cms Energy | 21.18 Bn | 20.93 Bn | 3.65 Bn | 9.98% |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 13.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.98% |
| Mar 31, 2026 | 12.38% |
| Dec 31, 2025 | 371.43% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 10.77% |
| Mar 31, 2025 | 12.34% |
| Dec 31, 2024 | 13.17% |
| Sep 30, 2024 | 14.40% |
| Jun 30, 2024 | 12.13% |
| Mar 31, 2024 | 13.10% |
| Dec 31, 2023 | 15.69% |
| Sep 30, 2023 | 10.40% |
| Jun 30, 2023 | 12.54% |
| Mar 31, 2023 | 8.84% |
| Dec 31, 2022 | 7.37% |
| Sep 30, 2022 | 8.05% |
| Jun 30, 2022 | 7.55% |
| Mar 31, 2022 | 14.79% |
| Dec 31, 2021 | 31.33% |
| Sep 30, 2021 | 10.78% |