Cms Energy (CMS) Operating Margin (2009 - 2026)
Cms Energy (CMS) posted quarterly Operating Margin of 16.54% for Q2 2026, down 71.0% year-over-year from 57.03% in Q2 2025, and down 7.86% quarter-over-quarter from 17.95% in Q1 2026.
Cms Energy (CMS) Operating Margin (2009 - 2026) Analysis & Trends
Cms Energy's Operating Margin history runs 18 years deep, the most recent figure standing at 16.54% for Q2 2026.
- In Q2 2026, Operating Margin fell 71.0% year-over-year to 16.54%; the TTM figure through Jun 2026 stood at 23.01% (up 302.0% YoY), while the FY2025 annual figure was 20.22%, up 44.0% from the prior year.
- Operating Margin for Q2 2026 stood at 16.54%, down from 17.95% in the prior quarter.
- The five-year high for Operating Margin was 564.94% in Q4 2025, with the low at 11.9% in Q4 2022.
- The 5-year median for Operating Margin is 17.78% (2024), against an average of 47.91%.
- The sharpest annual moves came in 2023 and 2025: Operating Margin sank 546 bps in 2023, then jumped 54357 bps in 2025.
- Cms Energy's Operating Margin stood at 11.9% in 2022, then soared by 75 bps to 20.82% in 2023, then rose by 3 bps to 21.37% in 2024, then jumped by 2544 bps to 564.94% in 2025, then slumped by 97 bps to 16.54% in 2026.
- Business Quant data shows CMS's Operating Margin at 16.54% in Q2 2026, 17.95% in Q1 2026, and 564.94% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 7.34% |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 22.64% |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 20.99% |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 21.94% |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 25.06% |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 32.58% |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 18.41% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.67 Bn | 21.43 Bn | 3.65 Bn | 16.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.54% |
| Mar 31, 2026 | 17.95% |
| Dec 31, 2025 | 564.94% |
| Sep 30, 2025 | 23.80% |
| Jun 30, 2025 | 17.25% |
| Mar 31, 2025 | 20.19% |
| Dec 31, 2024 | 21.37% |
| Sep 30, 2024 | 21.06% |
| Jun 30, 2024 | 17.61% |
| Mar 31, 2024 | 18.93% |
| Dec 31, 2023 | 20.82% |
| Sep 30, 2023 | 16.20% |
| Jun 30, 2023 | 15.69% |
| Mar 31, 2023 | 13.75% |
| Dec 31, 2022 | 11.90% |
| Sep 30, 2022 | 12.75% |
| Jun 30, 2022 | 12.45% |
| Mar 31, 2022 | 19.21% |
| Dec 31, 2021 | 10.03% |
| Sep 30, 2021 | 15.07% |