CMS Energy Corporation (CMS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 680,000 | 621,000 | 583,000 | 629,000 |
| 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 |
| Net profit margin | 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% | 9.93% | 9.03% | 8.41% | 9.01% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $887,000K ÷ $7,462,000K
= 11.89%
Looking at the net profit margin of CMS Energy Corporation over the past eight quarters, we observe some fluctuations in the profitability performance of the company. In Q1 2022, the net profit margin was relatively high at 17.72%, indicating efficient cost management and revenue generation during that period. However, the margin declined in the following quarters, reaching its lowest point in Q1 2023 at 7.97%.
The trend then shows a slight improvement in net profit margin over the next three quarters, with Q4 2023 recording a margin of 11.75%. Despite this recovery, the margins in Q2 and Q3 2023 remain below the levels seen in the corresponding periods of the previous year.
Overall, the fluctuation in net profit margins suggests some variability in the company's ability to convert revenue into profit. It may be worthwhile for stakeholders to closely monitor the factors influencing these fluctuations, such as changing costs, revenue streams, or market conditions, to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2023