CMS Energy Corporation (CMS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,487,000 | 1,468,000 | 1,372,000 | 1,333,000 | 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 |
| 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 |
| Operating profit margin | 19.79% | 19.64% | 18.53% | 18.13% | 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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,487,000K ÷ $7,515,000K
= 19.79%
CMS Energy Corporation's operating profit margin has displayed fluctuations over the past few years. The margin ranged from a high of 19.99% in March 2021 to a low of 12.72% in March 2023. Despite some variability, there seems to be a general trend of decline in the operating profit margin since March 2021. The margin decreased from 19.53% in June 2021 to 15.64% in December 2021, and further declined to 14.24% in December 2022.
However, there were some periods of improvement, such as in the second half of 2024 when the operating profit margin increased to 19.79% in December 2024. It is important for stakeholders to monitor this metric closely to understand the company's ability to generate profits from its core operations and to assess its overall financial health.
Peer comparison
Dec 31, 2024