CMS Energy Corporation CMS
62.95
0.18
0.29%
as of 25 Sep
- Market cap
- $21.8B
- P/E
- 18.9×
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CMS Energy Corporation (CMS) Gross margin
CMS Energy Corporation's gross margin over the twelve months to 30 June 2026 was 61.2%, down 0.6 percentage points from fiscal 2025 (61.8%). Over the past ten years it has ranged from 51.6% (fiscal 2022) to 64.5% (fiscal 2024); the current reading is higher than 91% of that period. That is below the Utilities Regulated Electric industry median of 66.3% and in line with the Utilities sector median of 62.0%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 61.8% | (2.75) |
| FY2024 | 64.5% | 3.54 |
| FY2023 | 61.0% | 9.41 |
| FY2022 | 51.6% | (6.56) |
| FY2021 | 58.1% | (2.81) |
| FY2020 | 60.9% | 3.69 |
| FY2019 | 57.2% | 1.72 |
| FY2018 | 55.5% | (1.29) |
| FY2017 | 56.8% | 0.60 |
| FY2016 | 56.2% | 3.33 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 63.1% | 7.30 |
| Mar 2026 | 55.8% | (7.85) |
| Dec 2025 | 63.6% | (0.29) |
| Sep 2025 | 63.9% | 3.48 |
| 42 more quarters | Free account |
Against its own ten years
Low 51.6%
High 64.5%
Ten-year median
57.2%
Current reading's percentile
91
Gross margin against peers
| Company | Gross margin |
|---|---|
| CNP CenterPoint Energy, Inc. compare | 78.6% |
| EIX Edison International compare | 75.1% |
| EVRG Evergy Inc. compare | 69.3% |
| PPL PPL Corporation compare | 68.6% |
| ES Eversource Energy compare | 67.8% |
| FE FirstEnergy Corporation compare | 63.5% |
| CMS CMS Energy Corporation | 61.2% |
| FTS Fortis compare | 45.3% |
| DTE DTE Energy Company compare | 44.4% |
| Utilities Regulated Electric industry median | 66.3% |
| Utilities sector median | 62.0% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CMS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement