Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 56.52% is 33% above its 5-year average of 42.44%, near the low end of its 5-year range (28.78%–127.86%).
As of the fiscal period ended Tuesday, March 31, 2026. 4.20% below its 12-month average of 59.00%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
56.52%
GROSS MARGIN AVG TTM
59.00%
GROSS MARGIN AVG 3Y
40.57%
GROSS MARGIN AVG 5Y
37.21%
GROSS MARGIN AVG 10Y
37.45%
GROSS MARGIN AVG 15Y
36.25%
GROSS MARGIN AVG 20Y
37.89%
CURRENT VS TTM AVG
-4.20%
CURRENT VS 3Y AVG
+39.32%
CURRENT VS 5Y AVG
+51.91%
CURRENT VS 10Y AVG
+50.91%
CURRENT VS 15Y AVG
+55.92%
CURRENT VS 20Y AVG
+49.16%
SECTOR MEDIAN · UTILITIES
31.81%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+77.68%
vs the sector median at left
CMS Energy Corporation
Market Cap
$23.18B
Gross Margin
56.52%
TTM Avg
59.00%
3Y Avg
40.57%
5Y Avg
37.21%
Market Cap
$27.21B
Gross Margin
43.55%
TTM Avg
51.83%
3Y Avg
55.28%
5Y Avg
55.50%
Market Cap
$19.02B
Gross Margin
37.97%
TTM Avg
42.41%
3Y Avg
42.13%
5Y Avg
42.29%
Market Cap
$28.87B
Gross Margin
28.71%
TTM Avg
37.36%
3Y Avg
38.38%
5Y Avg
38.57%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $23.18B | 56.52% | 59.00% | 40.57% | 37.21% |
| NiSource Inc (NI)vs › | $21.88B | 55.92% | 55.02% | 48.38% | 46.30% |
| Evergy, Inc. (EVRG)vs › | $19.73B | 32.28% | 32.42% | 31.07% | 31.02% |
| NRG Energy, Inc. (NRG)vs › | $26.67B | 17.07% | 21.65% | 16.06% | 19.41% |
| American Water Works Company, Inc. (AWK)vs › | $27.21B | 43.55% | 51.83% | 55.28% | 55.50% |
| Alliant Energy Corporation (LNT)vs › | $19.02B | 37.97% | 42.41% | 42.13% | 42.29% |
| PPL Corporation (PPL)vs › | $27.51B | 35.29% | 41.41% | 39.69% | 42.77% |
| Eversource Energy (ES)vs › | $28.36B | 30.13% | 30.63% | 36.49% | 40.66% |
| CenterPoint Energy, Inc. (CNP)vs › | $28.87B | 28.71% | 37.36% | 38.38% | 38.57% |
| FirstEnergy Corp. (FE)vs › | $29.05B | 53.43% | 61.14% | 62.33% | 64.99% |
Gross Margin
56.5%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 56.52% |
| 2025-12-31 | 127.86% |
| 2025-09-30 | 29.09% |
| 2025-06-30 | 38.85% |
| 2025-03-31 | 42.66% |
| 2024-12-31 | 44.09% |
| 2024-09-30 | 42.40% |
| 2024-06-30 | 40.95% |
| 2024-03-31 | 42.97% |
| 2023-12-31 | 42.72% |
| 2023-09-30 | 37.30% |
| 2023-06-30 | 38.33% |
| 2023-03-31 | 35.42% |
| 2022-12-31 | 29.46% |
| 2022-09-30 | 29.05% |
| 2022-06-30 | 29.69% |
| 2022-03-31 | 39.30% |
| 2021-12-31 | 28.78% |
| 2021-09-30 | 34.26% |
| 2021-06-30 | 37.42% |
| 2021-03-31 | 44.21% |
| 2020-12-31 | 40.49% |
| 2020-09-30 | 42.47% |
| 2020-06-30 | 39.44% |
| 2020-03-31 | 42.81% |
| 2019-12-31 | 36.77% |
| 2019-09-30 | 41.14% |
| 2019-06-30 | 34.95% |
| 2019-03-31 | 37.06% |
| 2018-12-31 | 31.44% |
| 2018-09-30 | 35.46% |
| 2018-06-30 | 35.32% |
| 2018-03-31 | 37.33% |
| 2017-12-31 | 38.41% |
| 2017-09-30 | 38.31% |
| 2017-06-30 | 34.78% |
| 2017-03-31 | 39.97% |
| 2016-12-31 | 35.12% |
| 2016-09-30 | 39.07% |
| 2016-06-30 | 37.27% |
| 2016-03-31 | 36.15% |
| 2015-12-31 | 32.67% |
| 2015-09-30 | 36.94% |
| 2015-06-30 | 32.07% |
| 2015-03-31 | 33.16% |
| 2014-12-31 | 29.52% |
| 2014-09-30 | 31.19% |
| 2014-06-30 | 30.11% |
| 2014-03-31 | 27.03% |
| 2013-12-31 | 28.23% |
| 2013-09-30 | 35.71% |
| 2013-06-30 | 29.80% |
| 2013-03-31 | 29.31% |
| 2012-12-31 | -26.53% |
| 2012-09-30 | 35.37% |
| 2012-05-30 | 32.86% |
| 2012-03-31 | 24.61% |
| 2011-12-31 | 45.62% |
| 2011-09-30 | 52.60% |
| 2011-06-30 | 48.97% |
| 2011-03-31 | 26.03% |
| 2010-12-31 | 42.45% |
| 2010-09-30 | 53.50% |
| 2010-06-30 | 50.45% |
| 2010-03-31 | 38.23% |
| 2009-12-31 | 37.76% |
| 2009-09-30 | 54.00% |
| 2009-06-30 | 50.37% |
| 2009-03-31 | 34.08% |
| 2008-12-31 | -47.29% |
| 2008-09-30 | 59.45% |
| 2008-06-30 | 42.64% |
| 2008-03-31 | 32.74% |
| 2007-12-31 | -61.11% |
| 2007-09-30 | 57.25% |
| 2007-06-30 | 64.22% |
| 2007-03-31 | 79.90% |
| 2006-12-31 | -34.01% |
| 2006-09-30 | 64.52% |
| 2006-06-30 | 69.32% |
| 2006-03-31 | 76.08% |
| 2005-12-31 | 96.95% |
| 2005-09-30 | 66.59% |
| 2005-06-30 | 74.07% |
| 2005-03-31 | 96.59% |
| 2004-12-31 | 154.87% |
| 2004-09-30 | 70.37% |
| 2004-06-30 | 75.85% |
| 2004-03-31 | 85.80% |
| 2003-12-31 | 171.53% |
| 2003-09-30 | 50.05% |
| 2003-06-30 | 71.23% |
| 2003-03-31 | 75.46% |
| 2002-12-31 | 42.39% |
| 2002-09-30 | 22.89% |
| 2002-06-30 | 59.02% |
