Company / Profit Margin
CMS Energy Profit Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
12.5%
FY2025
5-year range
9.7% / 18.5%
FY2021-FY2025
Trend
-6.1%
vs FY2024
Sector context
#33 of 62
Utilities
What the data says
At 12.5%, CMS Energy's profit margin ranks #33 of 62 in the Utilities sector. Profit Margin has fluctuated over the past 10 years, ranging from 7.0% in FY2017 to 18.5% in FY2021.
Based on SEC 10-K filings.
12.5% in FY2025 with a 5-year CAGR of +0.8%.
Improved from 11.9% to 12.5% over the past 2 years.
Utilities sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- +2.8pp
- 5-Year Change
- +0.8pp
- 10-Year Change
- -
Sector benchmark
#33 of 62 in UtilitiesTop 53% of 62This company 12.5% Sector average 13.1%
▼
-4.2% below sector average
Key checks
Key Insights
- In FY2025, profit margin decreased 6.1% year-over-year.
- Currently 0.5pp below the Utilities sector average.
- Peak profit margin was recorded in FY2021.
- Lowest profit margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 0.52 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 12.5% | -6.1% |
| FY2024 | 13.4% | +12.3% |
| FY2023 | 11.9% | +22.1% |
| FY2022 | 9.7% | -47.2% |
| FY2021 | 18.5% | +57.0% |
| FY2020 | 11.8% | +14.5% |
| FY2019 | 10.3% | +7.4% |
| FY2018 | 9.6% | +36.8% |
| FY2017 | 7.0% | -18.8% |
| FY2016 | 8.6% | +6.3% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026