CMS Energy Corporation (CMS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,179,000 | 1,238,000 | 1,146,000 | 1,146,000 | 1,034,000 | 851,000 | 848,000 | 771,000 | 930,000 | 1,382,000 | 1,413,000 | 1,449,000 | 1,448,000 | 989,000 | 1,032,000 | 994,000 | 873,000 | 876,000 | 867,000 | 820,000 |
| 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 |
| Pretax margin | 15.69% | 16.56% | 15.47% | 15.58% | 13.86% | 10.92% | 10.42% | 9.06% | 10.82% | 16.55% | 17.55% | 18.84% | 19.76% | 14.08% | 15.17% | 14.99% | 13.60% | 13.51% | 13.29% | 12.45% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,179,000K ÷ $7,515,000K
= 15.69%
The pretax margin of CMS Energy Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates that the company's ability to generate profits before taxes has varied.
From March 2020 to June 2021, the pretax margin experienced a steady increase, reaching a peak of 15.17% by June 30, 2021. However, from September 2021 to March 2023, there was a decline in the pretax margin, dropping to as low as 9.06% by March 31, 2023.
Subsequently, there was a recovery in the pretax margin from March 2023 to September 2024, where it again started to increase, reaching 16.56% by September 30, 2024. The pretax margin remained relatively stable around this level towards the end of the period on December 31, 2024, at 15.69%.
Overall, the pretax margin of CMS Energy Corporation has shown variability, indicating fluctuations in the company's profitability before taxes. It is essential for investors and stakeholders to monitor these trends closely to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024