Cms Energy annual operating margin
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2025
Cms Energy Operating Margin Growth & History (CMS)
Cms Energy's operating margin was 20.79% for fiscal 2025.
View full Cms Energy company overviewCms Energy annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.79% | +0.48 pp |
| 2024 | 2024-12-31 | 20.31% | +3.31 pp |
| 2023 | 2023-12-31 | 17.01% | +2.30 pp |
| 2022 | 2022-12-31 | 14.71% | −1.49 pp |
| 2021 | 2021-12-31 | 16.20% | −3.52 pp |
| 2020 | 2020-12-31 | 19.72% | +2.30 pp |
| 2019 | 2019-12-31 | 17.41% | −0.46 pp |
| 2018 | 2018-12-31 | 17.87% | −2.45 pp |
| 2017 | 2017-12-31 | 20.33% | +0.70 pp |
| 2016 | 2016-12-31 | 19.63% | +1.38 pp |
| 2015 | 2015-12-31 | 18.25% | +2.20 pp |
| 2014 | 2014-12-31 | 16.05% | −1.35 pp |
| 2013 | 2013-12-31 | 17.39% | +1.35 pp |
| 2012 | 2012-12-31 | 16.04% | +0.62 pp |
| 2011 | 2011-12-31 | 15.42% | +0.22 pp |
| 2010 | 2010-12-31 | 15.21% | +3.96 pp |
| 2009 | 2009-12-31 | 11.25% | −0.42 pp |
| 2008 | 2008-12-31 | 11.66% | — |
Cms Energy quarterly operating margin
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Q3.09
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Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 14.60% | −3.03 pp |
| Q1 2026 | 2026-03-31 | 18.32% | −2.28 pp |
| Q4 2025 | 2025-12-31 | 20.38% | −2.11 pp |
| Q3 2025 | 2025-09-30 | 24.35% | +2.90 pp |
| Q2 2025 | 2025-06-30 | 17.63% | −0.33 pp |
| Q1 2025 | 2025-03-31 | 20.60% | +1.38 pp |
| Q4 2024 | 2024-12-31 | 22.50% | +0.67 pp |
| Q3 2024 | 2024-09-30 | 21.45% | +4.91 pp |
| Q2 2024 | 2024-06-30 | 17.96% | +1.84 pp |
| Q1 2024 | 2024-03-31 | 19.22% | +5.25 pp |
| Q4 2023 | 2023-12-31 | 21.83% | +9.54 pp |
| Q3 2023 | 2023-09-30 | 16.53% | +3.34 pp |
| Q2 2023 | 2023-06-30 | 16.12% | +3.14 pp |
| Q1 2023 | 2023-03-31 | 13.97% | −5.70 pp |
| Q4 2022 | 2022-12-31 | 12.29% | +1.70 pp |
| Q3 2022 | 2022-09-30 | 13.20% | −2.36 pp |
| Q2 2022 | 2022-06-30 | 12.98% | −3.66 pp |
| Q1 2022 | 2022-03-31 | 19.67% | −2.24 pp |
| Q4 2021 | 2021-12-31 | 10.59% | −5.83 pp |
| Q3 2021 | 2021-09-30 | 15.56% | −7.60 pp |
| Q2 2021 | 2021-06-30 | 16.63% | −1.83 pp |
| Q1 2021 | 2021-03-31 | 21.92% | +0.98 pp |
| Q4 2020 | 2020-12-31 | 16.42% | +5.13 pp |
| Q3 2020 | 2020-09-30 | 23.16% | −1.18 pp |
| Q2 2020 | 2020-06-30 | 18.47% | +2.28 pp |
| Q1 2020 | 2020-03-31 | 20.93% | +2.59 pp |
| Q4 2019 | 2019-12-31 | 11.29% | −3.45 pp |
| Q3 2019 | 2019-09-30 | 24.34% | +4.99 pp |
| Q2 2019 | 2019-06-30 | 16.18% | −1.86 pp |
| Q1 2019 | 2019-03-31 | 18.34% | −1.04 pp |
| Q4 2018 | 2018-12-31 | 14.73% | −6.58 pp |
| Q3 2018 | 2018-09-30 | 19.35% | −2.26 pp |
| Q2 2018 | 2018-06-30 | 18.05% | +1.41 pp |
| Q1 2018 | 2018-03-31 | 19.38% | −1.83 pp |
| Q4 2017 | 2017-12-31 | 21.32% | +4.24 pp |
| Q3 2017 | 2017-09-30 | 21.61% | −2.02 pp |
| Q2 2017 | 2017-06-30 | 16.63% | −3.43 pp |
| Q1 2017 | 2017-03-31 | 21.21% | +3.11 pp |
| Q4 2016 | 2016-12-31 | 17.07% | −0.16 pp |
| Q3 2016 | 2016-09-30 | 23.63% | +2.30 pp |
| Q2 2016 | 2016-06-30 | 20.06% | +4.95 pp |
| Q1 2016 | 2016-03-31 | 18.10% | −0.71 pp |
| Q4 2015 | 2015-12-31 | 17.23% | +1.70 pp |
| Q3 2015 | 2015-09-30 | 21.33% | +4.83 pp |
| Q2 2015 | 2015-06-30 | 15.11% | −0.90 pp |
| Q1 2015 | 2015-03-31 | 18.81% | +2.64 pp |
| Q4 2014 | 2014-12-31 | 15.53% | +0.32 pp |
| Q3 2014 | 2014-09-30 | 16.50% | −5.43 pp |
| Q2 2014 | 2014-06-30 | 16.01% | −0.49 pp |
| Q1 2014 | 2014-03-31 | 16.17% | −0.45 pp |
| Q4 2013 | 2013-12-31 | 15.21% | +2.51 pp |
| Q3 2013 | 2013-09-30 | 21.94% | −0.82 pp |
| Q2 2013 | 2013-06-30 | 16.50% | −3.00 pp |
| Q1 2013 | 2013-03-31 | 16.62% | +5.84 pp |
| Q4 2012 | 2012-12-31 | 12.69% | +1.95 pp |
| Q3 2012 | 2012-09-30 | 22.76% | +1.18 pp |
| Q2 2012 | 2012-06-30 | 19.50% | +4.33 pp |
| Q1 2012 | 2012-03-31 | 10.79% | −4.10 pp |
| Q4 2011 | 2011-12-31 | 10.74% | +1.35 pp |
| Q3 2011 | 2011-09-30 | 21.58% | −0.52 pp |
| Q2 2011 | 2011-06-30 | 15.18% | −4.38 pp |
| Q1 2011 | 2011-03-31 | 14.89% | +2.74 pp |
| Q4 2010 | 2010-12-31 | 9.39% | −8.82 pp |
| Q3 2010 | 2010-09-30 | 22.11% | +9.86 pp |
| Q2 2010 | 2010-06-30 | 19.55% | — |
| Q1 2010 | 2010-03-31 | 12.15% | — |
| Q3 2009 | 2009-09-30 | 18.21% | — |
| Q2 2009 | 2009-06-30 | 12.24% | — |
Cms Energy operating margin trends
Over the last five reported fiscal years, Cms Energy's operating margin increased from 19.72% to 20.79%, a change of +1.08 percentage points. The latest reported quarter, Q2 2026, shows 14.60%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cms Energy filings at SEC.gov ↗