Cms Energy (CMS) Tax Rate (2009 - 2026)
Cms Energy (CMS) reported Tax Rate of 25.58% for Q2 2026, up 1.27 percentage points from 24.31% a year earlier and up 2.10 percentage points from the prior quarter.
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Analysis
Cms Energy (CMS) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cms Energy's Tax Rate came in at 21.23%, up 4.28 percentage points year-over-year; for FY2025, it was 19.71%, up 4.04 percentage points from FY2024.
- Tax Rate has increased for three consecutive years, with a five-year change of +5.50 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 15.67% in FY2024 (+0.26 pp), 15.41% in FY2023 (+5.10 pp), 10.31% in FY2022 (-1.23 pp) and 11.54% in FY2021 (-2.67 pp).
- The Q2 2026 figure ranks as the highest quarterly Tax Rate since Q4 2017.
- Year over year, Tax Rate has now increased in each of the last five quarters, with an average year-over-year change of +2.97 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q3 2025 (a gain of 10.48 percentage points); the low point was Q4 2021 (a drop of 12.16 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 23.48% (Q1 2026), 17.97% (Q4 2025) and 20.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | - |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 16.49% |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | - |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 8.23% |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 14.13% |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 14.18% |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 19.98% |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 22.22% |
| 10 | Cms Energy | 19.78 Bn | 19.12 Bn | 1.27 Bn | 25.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.58% |
| 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% |
API Access
Cms Energy Tax Rate 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=tax-rate&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();