Cms Energy (CMS) Tax Rate (2009 - 2026)
Cms Energy's (CMS) quarterly Tax Rate came in at 24.03% in Q2 2026, down 28.0% on a YoY basis from 33.38% in Q2 2025, and up 2.35% quarter-over-quarter from 23.48% in Q1 2026.
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Cms Energy (CMS) Tax Rate (2009 - 2026) Analysis & Trends
Cms Energy (CMS) has reported Tax Rate for 18 consecutive years, with 24.03% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 28.0% year-over-year to 24.03%; the trailing twelve-month figure through Jun 2026 stood at 21.77% (up 483.0% YoY), and the FY2025 full-year result was 19.71%, up 404.0% from the prior year.
- Tax Rate rose to 24.03% in Q2 2026 per CMS's latest filing, from 23.48% in the prior quarter.
- Across five years, Tax Rate topped out at 24.31% in Q2 2025 and bottomed at 5.98% in Q3 2023.
- Historically, Tax Rate has averaged 16.04% across 5 years, with a median of 17.71% in 2023.
- The sharpest annual moves came in 2023 and 2025: Tax Rate slumped 446 bps in 2023, then jumped 1048 bps in 2025.
- Over 5 years, Tax Rate stood at 11.41% in 2022, then jumped by 82 bps to 20.82% in 2023, then decreased by 20 bps to 16.67% in 2024, then gained by 8 bps to 17.97% in 2025, then surged by 34 bps to 24.03% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.03%, 23.48%, and 17.97% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 307.79 Bn | 307.79 Bn | 890.00 Mn | -25.06% |
| 2 | Dominion Energy | 57.93 Bn | 61.83 Bn | 3.50 Bn | 16.49% |
| 3 | Xcel Energy | 47.28 Bn | 45.27 Bn | 3.12 Bn | -11.41% |
| 4 | Wec Energy | 34.52 Bn | 34.88 Bn | 1.45 Bn | 8.23% |
| 5 | Ameren | 29.47 Bn | 29.59 Bn | - | 14.13% |
| 6 | Firstenergy | 27.06 Bn | 28.36 Bn | 2.51 Bn | 20.72% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | 15.58% |
| 8 | Edison International | 21.84 Bn | 21.60 Bn | 3.29 Bn | 16.89% |
| 9 | Cms Energy | 21.46 Bn | 21.85 Bn | 3.65 Bn | 24.03% |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 25.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.03% |
| Mar 31, 2026 | 23.48% |
| Dec 31, 2025 | 17.97% |
| Sep 30, 2025 | 20.00% |
| Jun 30, 2025 | 24.31% |
| Mar 31, 2025 | 17.60% |
| Dec 31, 2024 | 16.67% |
| Sep 30, 2024 | 9.52% |
| Jun 30, 2024 | 18.39% |
| Mar 31, 2024 | 18.07% |
| Dec 31, 2023 | 20.82% |
| Sep 30, 2023 | 5.98% |
| Jun 30, 2023 | 17.83% |
| Mar 31, 2023 | 13.00% |
| Dec 31, 2022 | 11.41% |
| Sep 30, 2022 | 10.44% |
| Jun 30, 2022 | 8.97% |
| Mar 31, 2022 | 10.26% |
| Dec 31, 2021 | 4.20% |
| Sep 30, 2021 | 14.53% |