Cms Energy (CMS) Net Margin (2009 - 2026)
Cms Energy's Net Margin came in at 6.40% for Q2 2026, down 4.38 percentage points from 10.77% a year earlier and down 5.98 percentage points from the prior quarter.
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Analysis
Cms Energy (CMS) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cms Energy reported Net Margin of 11.53%, down 1.11 percentage points year-over-year; for FY2025, it came in at 12.43%, down 0.79 percentage points from FY2024.
- Net Margin carries a five-year change of +0.66 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 13.21% in FY2024 (+1.46 pp), 11.75% in FY2023 (+2.13 pp), 9.62% in FY2022 (-8.77 pp) and 18.39% in FY2021 (+6.63 pp).
- The Q2 2026 figure represents the lowest quarterly Net Margin since Q4 2016.
- Year-over-year, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -0.77 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2021 (a gain of 22.18 percentage points), and the weakest in Q4 2022 (a drop of 23.96 percentage points).
- Business Quant data shows CMS's Net Margin at 12.38% (Q1 2026), 12.81% (Q4 2025) and 13.61% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 59.02% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 16.83% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 14.19% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 11.05% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 7.59% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 4.04% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 26.56% |
| 10 | Cms Energy | 21.61 Bn | 20.23 Bn | 1.54 Bn | 5.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.54% |
| Jun 30, 2026 | 6.40% |
| Mar 31, 2026 | 12.38% |
| Dec 31, 2025 | 12.81% |
| 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% |
API Access
Cms Energy Net 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=net-margin&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();