CMS Energy Corporation (CMS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,235,000 | 1,100,000 | 1,087,000 | 1,082,000 | 1,224,000 | 1,157,000 | 1,159,000 | 1,172,000 | 1,146,000 | 1,249,000 | 1,329,000 | 1,325,000 | 1,230,000 | 1,234,000 | 1,245,000 | 1,215,000 | 1,239,000 | 1,178,000 | 1,121,000 | 1,158,000 |
| 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 |
| Operating profit margin | 16.55% | 14.12% | 13.35% | 12.72% | 14.24% | 13.85% | 14.39% | 15.24% | 15.64% | 17.78% | 19.53% | 19.99% | 19.16% | 19.03% | 19.08% | 18.44% | 18.10% | 17.12% | 16.17% | 16.59% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,235,000K ÷ $7,462,000K
= 16.55%
To analyze CMS Energy Corporation's operating profit margin over the past eight quarters, we observe a fluctuating trend. The operating profit margin has ranged from a low of 12.72% in Q1 2023 to a high of 16.55% in Q4 2023. This indicates some volatility in the company's ability to generate profits from its core operations.
Overall, the operating profit margin has shown a gradual increase from Q1 2022 to Q4 2023, with a few fluctuations in between. This suggests that CMS Energy Corporation has been improving its efficiency in managing costs and generating profits over time.
It is important to note that the operating profit margin is a key indicator of a company's operational efficiency and profitability. A higher operating profit margin generally reflects better control over costs and higher revenue generation from core business activities. In contrast, a lower margin may indicate inefficiencies in operations or pricing pressures.
In conclusion, while CMS Energy Corporation has shown some variability in its operating profit margin over the past eight quarters, the overall trend indicates a positive trajectory with improvements in profitability and cost management. Monitoring this metric going forward will be crucial to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023