CMS Energy Corporation (CMS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,368,000 | 6,412,000 | 7,239,000 | 6,316,000 | 5,856,000 |
| Revenue | US$ in thousands | 7,515,000 | 7,462,000 | 8,596,000 | 7,329,000 | 6,418,000 |
| Gross profit margin | 84.74% | 85.93% | 84.21% | 86.18% | 91.24% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,368,000K ÷ $7,515,000K
= 84.74%
CMS Energy Corporation's gross profit margin has shown a gradual decline over the past five years. Starting at a high of 91.24% on December 31, 2020, the margin decreased to 86.18% by December 31, 2021, and continued this downward trend to reach 84.21% by the end of December 31, 2022. However, there was a slight improvement in the margin on December 31, 2023, as it rose to 85.93%. Yet, the margin declined again to 84.74% by December 31, 2024. Despite fluctuations, the company has maintained a relatively high gross profit margin, indicating efficient cost management and pricing strategies. Continued monitoring of this trend is advised to assess the company's profitability performance.
Peer comparison
Dec 31, 2024