TTM
64.6%
YoY change
+18.21pp
Trough year (2010)
26.6%
Peak year (2004)
79.2%
Latest annual
60.9%
Gross Margin history chart for CMS Energy (CMS) from 1994 to 2025
Latest: 60.9%
Gross Margin change chart for CMS Energy (CMS) from 1994 to 2025
Latest: +18.21pp
Gross Margin history table for CMS Energy (CMS) from 1994 to 2025
| 2025 | 60.9% | +18.21pp | ||
| 2024 | 42.7% | +4.35pp | ||
| 2023 | 38.4% | +6.22pp | ||
| 2022 | 32.1% | -4.01pp | ||
| 2021 | 36.1% | -4.83pp | ||
| 2020 | 41.0% | +4.22pp | ||
| 2019 | 36.8% | +1.87pp | ||
| 2018 | 34.9% | -3.13pp | ||
| 2017 | 38.0% | +1.33pp | ||
| 2016 | 36.7% | +2.77pp | ||
| 2015 | 33.9% | +4.82pp | ||
| 2014 | 29.1% | -1.42pp | ||
| 2013 | 30.5% | +1.25pp | ||
| 2012 | 29.3% | +2.29pp | ||
| 2011 | 27.0% | +0.42pp | ||
| 2010 | 26.6% | -15.91pp | ||
| 2009 | 42.5% | +4.34pp | ||
| 2008 | 38.1% | +1.58pp | ||
| 2007 | 36.5% | -2.16pp | ||
| 2006 | 38.7% | -7.19pp | ||
| 2005 | 45.9% | -33.33pp | ||
| 2004 | 79.2% | +4.62pp | ||
| 2003 | 74.6% | +15.91pp | ||
| 2002 | 58.7% | -7.75pp | ||
| 2001 | 66.5% | -0.96pp | ||
| 2000 | 67.4% | -9.08pp | ||
| 1999 | 76.5% | +5.98pp | ||
| 1998 | 70.5% | +37.72pp | ||
| 1997 | 32.8% | -1.48pp | ||
| 1996 | 34.3% | -2.15pp | ||
| 1995 | 36.4% | +1.62pp | ||
| 1994 | 34.8% | — |
- 202560.9%+18.21pp
- 202442.7%+4.35pp
- 202338.4%+6.22pp
- 202232.1%-4.01pp
- 202136.1%-4.83pp
- 202041.0%+4.22pp
- 201936.8%+1.87pp
- 201834.9%-3.13pp
- 201738.0%+1.33pp
- 201636.7%+2.77pp
- 201533.9%+4.82pp
- 201429.1%-1.42pp
- 201330.5%+1.25pp
- 201229.3%+2.29pp
- 201127.0%+0.42pp
- 201026.6%-15.91pp
- 200942.5%+4.34pp
- 200838.1%+1.58pp
- 200736.5%-2.16pp
- 200638.7%-7.19pp
- 200545.9%-33.33pp
- 200479.2%+4.62pp
- 200374.6%+15.91pp
- 200258.7%-7.75pp
- 200166.5%-0.96pp
- 200067.4%-9.08pp
- 199976.5%+5.98pp
- 199870.5%+37.72pp
- 199732.8%-1.48pp
- 199634.3%-2.15pp
- 199536.4%+1.62pp
- 199434.8%—
Gross Margin values are taken from CMS Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at CMS Energy (CMS)
According to CMS Energy's latest reported financial statements, the company's latest reported gross margin is 64.6%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of CMS Energy (CMS) gross margin is 60.91% – expanded 18.2 percentage points year-over-year.
The record annual gross margin stands at 79.22%, reached in 2004; the historical low of 26.55% was recorded in 2010.
CMS Energy Gross Margin by Year
CMS Energy Gross Margin 2025: 60.9%
2025's gross margin for CMS Energy came in at 60.91%, expanded 18.2 percentage points from 2024.
CMS Energy Gross Margin 2024: 42.7%
CMS Energy posted gross margin of 42.70% in 2024, expanded 4.3 percentage points from 2023.
CMS Energy Gross Margin 2023: 38.4%
In 2023, CMS Energy reported gross margin of 38.35%, expanded 6.2 percentage points from 2022.
CMS Energy Gross Margin 2022: 32.1%
CMS Energy gross margin in 2022 was 32.13%, contracted 4.0 percentage points from 2021.
CMS Energy Gross Margin 2021: 36.1%
CMS Energy gross margin in 2021 was 36.14%.
See more financial history for CMS Energy (CMS).
Sector peers by Gross Margin
Utilities peers of CMS Energy (CMS), ranked by their latest gross margin
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CMS Energy (CMS) Key Financials
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