CMS Energy Corporation (CMS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,003,000 | 887,000 | 837,000 | 1,353,000 | 755,000 |
| Revenue | US$ in thousands | 7,515,000 | 7,462,000 | 8,596,000 | 7,329,000 | 6,418,000 |
| Net profit margin | 13.35% | 11.89% | 9.74% | 18.46% | 11.76% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,003,000K ÷ $7,515,000K
= 13.35%
To analyze the net profit margin of CMS Energy Corporation over the years, we can see a fluctuating trend. Starting at 11.76% on December 31, 2020, the net profit margin increased significantly to 18.46% by December 31, 2021, reflecting improved profitability. However, there was a decline in profitability in the following year, dropping to 9.74% by December 31, 2022.
Subsequently, there was a slight recovery with the net profit margin rising to 11.89% by December 31, 2023, and further improving to 13.35% by December 31, 2024. The increase in profitability in 2024 indicates a positive trend, potentially resulting from effective cost management or increased revenue generation.
Overall, while there have been fluctuations in CMS Energy Corporation's net profit margin in recent years, the company has shown resilience and the ability to adapt to changing market conditions to maintain a healthy level of profitability.
Peer comparison
Dec 31, 2024