Cms Energy Corp (CMSD) Tax Rate (2009 - 2026)

Cms Energy's Tax Rate history runs 18 years deep, the most recent figure standing at 23.48% for Q1 2026.

• On a quarterly basis, Tax Rate rose 588.0% year-over-year to 23.48% in Q1 2026; TTM through Mar 2026 was 21.41%, a 580.0% increase from a year earlier, with the FY2025 full-year figure at 19.71%, up 404.0% from the prior year.
• Tax Rate grew to 23.48% in Q1 2026 per CMSD's latest filing, from 17.97% 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.
• The 5-year median for Tax Rate is 17.6% (2025), against an average of 15.57%.
• Across the five-year window, Tax Rate sank 446 bps in 2023 and surged 1048 bps in 2025, its largest moves.
• Year by year, Tax Rate stood at 11.41% in 2022, then soared by 82 bps to 20.82% in 2023, then retreated by 20 bps to 16.67% in 2024, then rose by 8 bps to 17.97% in 2025, then jumped by 31 bps to 23.48% in 2026.
• Per Business Quant, the three latest CMSD Tax Rate figures stand at 23.48% (Q1 2026), 17.97% (Q4 2025), and 20.0% (Q3 2025).