Cms Energy (CMS) Tax Rate (2009 - 2026)

Cms Energy (CMS) reported Tax Rate of 23.48% for Q1 2026, up 588.0% on a YoY basis from 3.41% in Q1 2025, and up 30.69% quarter-over-quarter from 17.97% in Q4 2025.

Cms Energy (CMS) Tax Rate (2009 - 2026) Analysis & Trends

Cms Energy has reported Tax Rate for 18 years, with the latest figure at 23.48% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 588.0% year-over-year to 23.48%; the trailing twelve-month figure through Mar 2026 stood at 21.41% (up 580.0% YoY), and the FY2025 full-year result was 19.71%, up 404.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 23.48%, up from 17.97% in the prior quarter.
  • The five-year high for Tax Rate was 24.31% in Q2 2025, with the low at 5.98% in Q3 2023.
  • Historically, Tax Rate has averaged 15.57% across 5 years, with a median of 17.6% in 2025.
  • Annual changes were most pronounced in 2023 — Tax Rate sank 446 bps — and 2025, when it soared 1048 bps.
  • Cms Energy's Tax Rate stood at 11.41% in 2022, then surged by 82 bps to 20.82% in 2023, then fell by 20 bps to 16.67% in 2024, then increased by 8 bps to 17.97% in 2025, then soared by 31 bps to 23.48% in 2026.
  • The last three Tax Rate figures came in at 23.48% (Q1 2026), 17.97% (Q4 2025), and 20.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Fortis 664.76 Bn 664.50 Bn 1.70 Bn 16.62
2 Dominion Energy 60.27 Bn 64.46 Bn 4.03 Bn 5.15
3 Xcel Energy 48.32 Bn 46.42 Bn 3.35 Bn -9.23
4 Wec Energy 36.56 Bn 36.93 Bn 2.83 Bn 6.18
5 Ameren 30.01 Bn 30.12 Bn 1.69 Bn 14.35
6 Korea Electric Power 28.97 Bn 14.20 Bn 11.57 Bn -
7 Edison International 27.64 Bn 27.48 Bn 3.85 Bn 26.18
8 Firstenergy 26.85 Bn 28.22 Bn 2.74 Bn 22.85
9 Cms Energy 22.51 Bn 22.92 Bn 2.28 Bn 23.48
10 Alliant Energy 18.75 Bn 18.19 Bn 854.00 Mn -39.22

Historic Data

Download Data
DateValue
Mar 31, 2026 23.48%
Mar 31, 2026 23.48%
Dec 31, 2025 17.97%
Dec 31, 2025 17.97%
Sep 30, 2025 20.00%
Sep 30, 2025 20.00%
Jun 30, 2025 24.31%
Jun 30, 2025 24.31%
Mar 31, 2025 17.60%
Mar 31, 2025 17.60%
Dec 31, 2024 16.67%
Dec 31, 2024 16.67%
Sep 30, 2024 9.52%
Sep 30, 2024 9.52%
Jun 30, 2024 18.39%
Jun 30, 2024 18.39%
Mar 31, 2024 18.07%
Mar 31, 2024 18.07%
Dec 31, 2023 20.82%
Dec 31, 2023 20.82%