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) Operating margin
CMS Energy Corporation's operating margin over the twelve months to 30 September 2026 was 13.8%, down 6.4 percentage points from fiscal 2025 (20.2%). Over the past ten years it has ranged from 14.2% (fiscal 2022) to 20.3% (fiscal 2017); the current reading is higher than 91% of that period. That is below the Utilities Regulated Electric industry median of 21.7% and below the Utilities sector median of 18.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 20.2% | 0.43 |
| FY2024 | 19.8% | 3.24 |
| FY2023 | 16.6% | 2.31 |
| FY2022 | 14.2% | (1.40) |
| FY2021 | 15.6% | (3.52) |
| FY2020 | 19.2% | 2.33 |
| FY2019 | 16.8% | (0.08) |
| FY2018 | 16.9% | (3.42) |
| FY2017 | 20.3% | 0.70 |
| FY2016 | 19.6% | 1.38 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 2.15% | (12.28) |
| Jun 2026 | 14.4% | (3.52) |
| Mar 2026 | 18.0% | (1.53) |
| Dec 2025 | 19.5% | (4.32) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| EIX Edison International compare | 31.8% |
| EVRG Evergy Inc. compare | 27.4% |
| PPL PPL Corporation compare | 24.5% |
| CNP CenterPoint Energy, Inc. compare | 24.4% |
| LNT Alliant Energy Corporation compare | 22.6% |
| ES Eversource Energy compare | 21.5% |
| FE FirstEnergy Corporation compare | 14.9% |
| CMS CMS Energy Corporation | 13.8% |
| DTE DTE Energy Company compare | 13.1% |
| Utilities Regulated Electric industry median | 21.7% |
| Utilities sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on CMS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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