CMS Energy Corporation (CMS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,235,000 | 1,224,000 | 1,146,000 | 1,230,000 | 1,115,000 |
| Revenue | US$ in thousands | 7,462,000 | 8,596,000 | 7,329,000 | 6,418,000 | 6,624,000 |
| Operating profit margin | 16.55% | 14.24% | 15.64% | 19.16% | 16.83% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,235,000K ÷ $7,462,000K
= 16.55%
The operating profit margin for CMS Energy Corporation has exhibited fluctuating trends over the five-year period from 2019 to 2023. In 2019, the operating profit margin stood at 18.10%, decreased slightly to 20.39% in 2020, and then decreased further to 15.64% in 2021. Subsequently, there was a notable increase to 14.24% in 2022. Most recently, in 2023, the operating profit margin improved to 16.55%.
Overall, the operating profit margin of CMS Energy Corporation has shown variability, potentially indicating changes in the company's cost structure, pricing strategies, or operational efficiency. This fluctuation in operating profit margin could be a reflection of the competitive landscape, regulatory environment, or internal operational adjustments within the company. Further analysis of the underlying factors contributing to these fluctuations would provide valuable insights into the financial performance and strategic positioning of CMS Energy Corporation.
Peer comparison
Dec 31, 2023