Cms Energy (CMS) Operating Margin (2009 - 2026)
Cms Energy's (CMS) quarterly Operating Margin came in at 17.95% in Q1 2026, down 224.0% year-on-year from 14.47% in Q1 2025, and down 96.82% quarter-over-quarter from 564.94% in Q4 2025.
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 17.95% for Q1 2026.
- On a quarterly basis, Operating Margin fell 224.0% year-over-year to 17.95% in Q1 2026; TTM through Mar 2026 was 25.85%, a 570.0% increase from a year earlier, with the FY2025 full-year figure at 20.22%, up 44.0% from the prior year.
- Operating Margin eased to 17.95% in Q1 2026 per CMS's latest filing, from 564.94% in the prior quarter.
- Across five years, Operating Margin topped out at 564.94% in Q4 2025 and bottomed at 11.9% in Q4 2022.
- The 5-year median for Operating Margin is 17.95% (2026), against an average of 49.76%.
- Across the five-year window, Operating Margin slumped 546 bps in 2023 and jumped 54357 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 11.9% in 2022, then jumped by 75 bps to 20.82% in 2023, then gained by 3 bps to 21.37% in 2024, then surged by 2544 bps to 564.94% in 2025, then sank by 97 bps to 17.95% in 2026.
- Per Business Quant, the three latest CMS Operating Margin figures stand at 17.95% (Q1 2026), 564.94% (Q4 2025), and 23.8% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 43.70% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 27.73% |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 18.75% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 28.54% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 24.45% |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 52.79% |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 19.70% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 17.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 16.17% |