CMS Energy Corporation (CMS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 887,000 | 837,000 | 1,353,000 | 755,000 | 680,000 |
| Revenue | US$ in thousands | 7,462,000 | 8,596,000 | 7,329,000 | 6,418,000 | 6,624,000 |
| Net profit margin | 11.89% | 9.74% | 18.46% | 11.76% | 10.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $887,000K ÷ $7,462,000K
= 11.89%
The net profit margin of CMS Energy Corporation has shown fluctuations over the past five years. In 2023, the net profit margin was 11.75%, an increase from the previous year's 9.62%. This indicates that the company was able to generate more profit for each dollar of revenue in 2023 compared to 2022.
Looking back further, in 2021, the net profit margin was notably higher at 18.39%, reflecting a strong profitability performance that year. However, in 2020 and 2019, the net profit margin was 11.30% and 9.93%, respectively, showing a slight decrease in profitability during those years.
Overall, the trend in the net profit margin of CMS Energy Corporation demonstrates some variability, but the company has generally maintained a healthy level of profitability over the past five years. It is essential for stakeholders to monitor these fluctuations and understand the underlying factors affecting the company's profitability.
Peer comparison
Dec 31, 2023