CMS Energy Corporation (CMS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,003,000 | 1,047,000 | 970,000 | 970,000 | 887,000 | 749,000 | 738,000 | 688,000 | 837,000 | 1,305,000 | 1,329,000 | 1,357,000 | 1,353,000 | 872,000 | 901,000 | 861,000 | 755,000 | 764,000 | 753,000 | 710,000 |
| 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 |
| Net profit margin | 13.35% | 14.00% | 13.10% | 13.19% | 11.89% | 9.61% | 9.07% | 8.09% | 9.74% | 15.63% | 16.51% | 17.65% | 18.46% | 12.42% | 13.24% | 12.99% | 11.76% | 11.78% | 11.54% | 10.78% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,003,000K ÷ $7,515,000K
= 13.35%
Net profit margin is a key financial ratio that measures a company's profitability by expressing its net income as a percentage of its total revenue. For CMS Energy Corporation, the net profit margin has shown fluctuations over the quarters provided in the data.
In March 2020, the net profit margin was 10.78%, indicating that the company earned $0.1078 for every dollar of revenue generated. The margin increased steadily over the next quarters, reaching 18.46% in December 2021, which was the highest point during the period analyzed.
Subsequently, the net profit margin started to decline, dropping to 8.09% in March 2023, before showing a slight improvement. In general, the net profit margin remained above 10% for most quarters, except for a few instances where it dipped below this level.
The fluctuations in CMS Energy's net profit margin suggest variations in its ability to generate earnings relative to its revenue. It is important for investors and analysts to further investigate the reasons behind these changes to assess the company's profitability and operational efficiency accurately.
Peer comparison
Dec 31, 2024