CMS Energy Corporation (CMS)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,368,000 | 6,360,000 | 6,315,000 | 6,272,000 | 6,412,000 | 6,742,000 | 6,947,000 | 7,189,000 | 7,259,000 | 7,323,000 | 7,158,000 | 6,923,000 | 6,665,000 | 6,430,000 | 6,362,000 | 6,312,000 | 6,129,000 | 6,126,000 | 6,078,000 | 6,026,000 |
| Revenue (ttm) | US$ in thousands | 7,515,000 | 7,476,000 | 7,406,000 | 7,354,000 | 7,462,000 | 7,790,000 | 8,141,000 | 8,506,000 | 8,596,000 | 8,351,000 | 8,052,000 | 7,690,000 | 7,329,000 | 7,023,000 | 6,805,000 | 6,629,000 | 6,418,000 | 6,486,000 | 6,525,000 | 6,588,000 |
| Gross profit margin | 84.74% | 85.07% | 85.27% | 85.29% | 85.93% | 86.55% | 85.33% | 84.52% | 84.45% | 87.69% | 88.90% | 90.03% | 90.94% | 91.56% | 93.49% | 95.22% | 95.50% | 94.45% | 93.15% | 91.47% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,368,000K ÷ $7,515,000K
= 84.74%
The gross profit margin of CMS Energy Corporation has shown a general declining trend over the observed period from March 31, 2020, to December 31, 2024. The margin started at a high of 91.47% in March 2020 and reached its peak at 95.50% by December 31, 2020. Subsequently, there was a slight fluctuation, with the margin fluctuating between 90-95% until December 2021.
However, from March 31, 2022, the gross profit margin started to decrease more notably, dropping to 84.45% by December 31, 2022. The margin continued to decline gradually, reaching 84.74% by December 31, 2024. This downward trend may indicate factors such as increasing costs of goods sold, pricing pressures, or changes in sales mix impacting the profitability of the company.
It is crucial for CMS Energy Corporation to closely monitor its gross profit margin and analyze the underlying causes of the decline to implement appropriate strategies to maintain or improve profitability levels in the future.
Peer comparison
Dec 31, 2024