CMS Energy Corporation (CMS)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 6,203,000 | 6,237,000 | 6,275,000 | 6,219,000 |
| Revenue (ttm) | US$ in thousands | 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 | 6,845,000 | 6,879,000 | 6,932,000 | 6,979,000 |
| Gross profit margin | 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% | 90.62% | 90.67% | 90.52% | 89.11% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,412,000K ÷ $7,462,000K
= 85.93%
CMS Energy Corporation's gross profit margin has shown a fluctuating trend over the past eight quarters. The gross profit margin ranged from 51.55% in Q4 2022 to 60.96% in Q4 2023, with an upward trajectory in recent quarters. This improvement indicates that the company has been able to effectively control its production and distribution costs relative to its revenue.
Despite some variability, the gross profit margin has generally trended upwards, reflecting potentially improving operational efficiency and pricing strategies. This positive trend could signal that CMS Energy Corporation is effectively managing its production costs and successfully increasing its profitability per dollar of revenue generated.
Further monitoring of the gross profit margin over upcoming quarters will be important to gauge the company's ability to sustain or improve its profitability levels and efficiency in cost management.
Peer comparison
Dec 31, 2023