Cms Energy (CMSD) Tax Rate (2009 - 2026)
Cms Energy posted quarterly Tax Rate of 23.48% for Q1 2026, up 588.0% year-on-year from 3.41% in Q1 2025, and up 30.69% on a QoQ basis from 17.97% in Q4 2025.
Cms Energy (CMSD) has 18 years of Tax Rate data on file, last reported 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.
- 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%.
- The widest annual swing landed in 2023, when Tax Rate tumbled 446 bps; it then soared 1048 bps in 2025.
- A 5-year view of Tax Rate shows it 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.
- 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 | 655.52 Bn | 655.26 Bn | 1.70 Bn | 16.62 |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | - |
| 3 | Dominion Energy | 58.83 Bn | 63.03 Bn | 4.03 Bn | 5.15 |
| 4 | Xcel Energy | 49.61 Bn | 47.71 Bn | 3.35 Bn | -9.23 |
| 5 | Wec Energy | 36.16 Bn | 36.52 Bn | 2.83 Bn | 6.18 |
| 6 | Ameren | 29.85 Bn | 29.97 Bn | 1.69 Bn | 14.35 |
| 7 | Korea Electric Power | 29.21 Bn | 14.45 Bn | - | - |
| 8 | Energy Co Of Parana | 27.11 Bn | 26.46 Bn | - | - |
| 9 | Edison International | 26.93 Bn | 26.77 Bn | 3.85 Bn | 26.18 |
| 10 | Cms Energy | - | - | 2.28 Bn | 23.48 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 5.98 |
| Sep 30, 2023 | 5.98 |
| Jun 30, 2023 | 17.83 |
| Jun 30, 2023 | 17.83 |
| Mar 31, 2023 | 13.00 |
| Mar 31, 2023 | 13.00 |
| Dec 31, 2022 | 11.41 |
| Dec 31, 2022 | 11.41 |
| Sep 30, 2022 | 10.44 |
| Sep 30, 2022 | 10.44 |
| Jun 30, 2022 | 8.97 |
| Jun 30, 2022 | 8.97 |
| Mar 31, 2022 | 10.26 |
| Mar 31, 2022 | 10.26 |
| Dec 31, 2021 | 4.20 |
| Dec 31, 2021 | 4.20 |
| Sep 30, 2021 | 14.53 |
| Sep 30, 2021 | 14.53 |
| Jun 30, 2021 | 12.57 |
| Jun 30, 2021 | 12.57 |
| Mar 31, 2021 | 12.00 |
| Mar 31, 2021 | 12.00 |
| Dec 31, 2020 | 16.36 |
| Dec 31, 2020 | 16.36 |
| Sep 30, 2020 | 16.81 |
| Sep 30, 2020 | 16.81 |
| Jun 30, 2020 | 15.69 |
| Jun 30, 2020 | 15.69 |
| Mar 31, 2020 | 10.00 |
| Mar 31, 2020 | 10.00 |
| Dec 31, 2019 | 15.00 |
| Dec 31, 2019 | 15.00 |
| Sep 30, 2019 | 16.87 |
| Sep 30, 2019 | 16.87 |
| Jun 30, 2019 | 17.54 |
| Jun 30, 2019 | 17.54 |
| Mar 31, 2019 | 18.39 |
| Mar 31, 2019 | 18.39 |
| Dec 31, 2018 | 13.49 |
| Dec 31, 2018 | 13.49 |
| Sep 30, 2018 | 16.34 |
| Sep 30, 2018 | 16.34 |
| Jun 30, 2018 | 15.15 |
| Jun 30, 2018 | 15.15 |
| Mar 31, 2018 | 14.23 |
| Mar 31, 2018 | 14.23 |
| Dec 31, 2017 | 100.90 |
| Dec 31, 2017 | 100.90 |
| Sep 30, 2017 | 24.89 |
| Sep 30, 2017 | 24.89 |
| Jun 30, 2017 | 33.57 |
| Jun 30, 2017 | 33.57 |
| Mar 31, 2017 | 32.54 |
| Mar 31, 2017 | 32.54 |
| Dec 31, 2016 | 37.10 |
| Dec 31, 2016 | 37.10 |
| Sep 30, 2016 | 33.81 |
| Sep 30, 2016 | 33.81 |
| Jun 30, 2016 | 31.69 |
| Jun 30, 2016 | 31.69 |
| Mar 31, 2016 | 31.09 |
| Mar 31, 2016 | 31.09 |
| Dec 31, 2015 | -111.98 |
| Dec 31, 2015 | -111.98 |
| Sep 30, 2015 | 33.63 |
| Sep 30, 2015 | 33.63 |
| Jun 30, 2015 | 34.62 |
| Jun 30, 2015 | 34.62 |
| Mar 31, 2015 | 33.11 |
| Mar 31, 2015 | 33.11 |
| Dec 31, 2014 | 36.18 |
| Dec 31, 2014 | 36.18 |
| Sep 30, 2014 | 33.33 |
| Sep 30, 2014 | 33.33 |
| Jun 30, 2014 | 33.86 |
| Jun 30, 2014 | 33.86 |
| Mar 31, 2014 | 33.98 |
| Mar 31, 2014 | 33.98 |
| Dec 31, 2013 | -125.61 |
| Dec 31, 2013 | -125.61 |
| Sep 30, 2013 | 41.74 |
| Sep 30, 2013 | 41.74 |
| Jun 30, 2013 | 40.00 |
| Jun 30, 2013 | 40.00 |
| Mar 31, 2013 | 39.75 |
| Mar 31, 2013 | 39.75 |
| Dec 31, 2012 | -166.06 |
| Dec 31, 2012 | -166.06 |
| Sep 30, 2012 | 39.68 |
| Sep 30, 2012 | 39.68 |
| Jun 30, 2012 | 39.88 |
| Jun 30, 2012 | 39.88 |
| Mar 31, 2012 | 38.78 |
| Mar 31, 2012 | 38.78 |
| Dec 31, 2011 | 35.94 |
| Dec 31, 2011 | 35.94 |
| Sep 30, 2011 | 36.65 |
| Sep 30, 2011 | 36.65 |
| Jun 30, 2011 | 9.01 |
| Jun 30, 2011 | 9.01 |
| Mar 31, 2011 | 36.67 |
| Mar 31, 2011 | 36.67 |
| Dec 31, 2010 | -420.83 |
| Dec 31, 2010 | -420.83 |
| Sep 30, 2010 | 37.34 |
| Sep 30, 2010 | 37.34 |
| Jun 30, 2010 | 37.11 |
| Jun 30, 2010 | 37.11 |
| Mar 31, 2010 | 40.67 |
| Mar 31, 2010 | 40.67 |
| Sep 30, 2009 | 38.21 |
| Sep 30, 2009 | 38.21 |
| Jun 30, 2009 | 36.78 |
| Jun 30, 2009 | 36.78 |