Cms Energy Corp (CMSA) Net Margin (2009 - 2026)

Cms Energy's Net Margin history runs 18 years deep, the most recent figure standing at 12.38% for Q1 2026.

• On a quarterly basis, Net Margin rose 4.0% year-over-year to 12.38% in Q1 2026; TTM through Mar 2026 was 16.46%, a 348.0% increase from a year earlier, with the FY2025 full-year figure at 12.43%, down 79.0% from the prior year.
• Net Margin eased to 12.38% in Q1 2026 per CMSA's latest filing, from 371.43% in the prior quarter.
• Across five years, Net Margin topped out at 371.43% in Q4 2025 and bottomed at 7.37% in Q4 2022.
• The 5-year median for Net Margin is 12.38% (2026), against an average of 32.86%.
• Across the five-year window, Net Margin plunged 2396 bps in 2022 and jumped 35826 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 7.37% in 2022, then jumped by 113 bps to 15.69% in 2023, then declined by 16 bps to 13.17% in 2024, then surged by 2720 bps to 371.43% in 2025, then sank by 97 bps to 12.38% in 2026.
• Per Business Quant, the three latest CMSA Net Margin figures stand at 12.38% (Q1 2026), 371.43% (Q4 2025), and 13.61% (Q3 2025).