stockrowCMS Energy Corporation
CMS Utilities Utilities Regulated Electric
CMS Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $8.5 billion, up 13.6% from fiscal 2024.
- Revenue
- +8.02%
- EPS
- −131.6%
- Free cash flow
- +26.3%
- Total debt
- +11.8%
Quarter to September 2026, against a year earlier
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CMS Energy Corporation (CMS) Gross margin
CMS Energy Corporation's gross margin over the twelve months to 30 September 2026 was 61.0%, down 0.8 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 in line with the Utilities Regulated Electric industry median of 62.0% and above the Utilities sector median of 58.0%.
Gross margin, annual
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Annual newest first
| 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 newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 63.0% | (0.06) |
| Jun 2026 | 63.1% | 7.30 |
| Mar 2026 | 55.8% | (7.85) |
| Dec 2025 | 63.6% | (0.29) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CNP CenterPoint Energy, Inc. compare | 79.4% |
| LNT Alliant Energy Corporation compare | 77.6% |
| EIX Edison International compare | 74.0% |
| PPL PPL Corporation compare | 68.6% |
| ES Eversource Energy compare | 67.8% |
| FE FirstEnergy Corporation compare | 63.4% |
| CMS CMS Energy Corporation | 61.0% |
| EVRG Evergy Inc. compare | 0.00% |
| DTE DTE Energy Company compare | 0.00% |
| Utilities Regulated Electric industry median | 62.0% |
| Utilities sector median | 58.0% |
| Market median | 45.1% |
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
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- Revenue
- Net income
- EPS (diluted)
- 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement