Cms Energy (CMS) Operating Margin (2009 - 2026)
Cms Energy (CMS) reported Operating Margin of 17.95% for Q1 2026, down 224.0% on a YoY basis 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 has reported Operating Margin for 18 years, with the latest figure at 17.95% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 224.0% year-over-year to 17.95%; the trailing twelve-month figure through Mar 2026 stood at 36.96% (up 1681.0% YoY), and the FY2025 full-year result was 20.22%, up 44.0% from the prior year.
- Operating Margin for Q1 2026 stood at 17.95%, down from 564.94% in the prior quarter.
- The five-year high for Operating Margin was 2829.41% in Q3 2025, with the low at 11.9% in Q4 2022.
- Historically, Operating Margin has averaged 214.79% across 5 years, with a median of 17.95% in 2026.
- Annual changes were most pronounced in 2023 — Operating Margin slumped 546 bps — and 2025, when it soared 280836 bps.
- 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 17.95% in 2026.
- The last three Operating Margin figures came in at 17.95% (Q1 2026), 564.94% (Q4 2025), and 2829.41% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 652.32 Bn | 652.06 Bn | 1.70 Bn | 28.06% |
| 2 | Dominion Energy | 57.66 Bn | 61.85 Bn | 4.03 Bn | 27.73% |
| 3 | Xcel Energy | 48.45 Bn | 46.56 Bn | 3.35 Bn | 18.75% |
| 4 | Wec Energy | 36.22 Bn | 36.58 Bn | 2.83 Bn | 28.54% |
| 5 | Ameren | 29.66 Bn | 29.77 Bn | 1.69 Bn | 24.45% |
| 6 | Edison International | 27.27 Bn | 27.11 Bn | 3.85 Bn | 52.79% |
| 7 | Korea Electric Power | 26.79 Bn | 12.03 Bn | 11.57 Bn | 273.10% |
| 8 | Firstenergy | 26.43 Bn | 27.80 Bn | 2.74 Bn | 19.70% |
| 9 | Cms Energy | 21.74 Bn | 22.15 Bn | 2.28 Bn | 17.95% |
| 10 | Alliant Energy | 18.43 Bn | 17.88 Bn | 854.00 Mn | 18.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.95% |
| Dec 31, 2025 | 564.94% |
| Sep 30, 2025 | 2,829.41% |
| 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% |