CMS Energy Corporation (CMS) Operating Margin: 19.53%
Is CMS Energy Corporation’s operating margin high or low?
CMS Energy Corporation's operating margin of 19.53% is 11% above its 5-year average of 17.60%, near the high end of its 5-year range (14.24%–20.22%).
As of Tuesday, June 16, 2026. 2.37% below its 12-month average of 20.00%.
CMS Operating Margin Chart
CMS Average Operating Margin Chart
CMS Current vs Average Operating Margin Chart
CMS Operating Margin Metrics
OPERATING MARGIN
19.53%
OPERATING MARGIN AVG TTM
20.00%
OPERATING MARGIN AVG 3Y
17.70%
OPERATING MARGIN AVG 5Y
17.60%
OPERATING MARGIN AVG 10Y
17.96%
OPERATING MARGIN AVG 15Y
17.35%
OPERATING MARGIN AVG 20Y
16.70%
CURRENT VS TTM AVG
-2.37%
CURRENT VS 3Y AVG
+10.34%
CURRENT VS 5Y AVG
+10.97%
CURRENT VS 10Y AVG
+8.75%
CURRENT VS 15Y AVG
+12.54%
CURRENT VS 20Y AVG
+16.93%
CMS Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.75B | 19.53% | 20.00% | 17.70% | 17.60% |
| NiSource Inc. (NI)vs › | $22.76B | 27.78% | 27.16% | 24.87% | 21.96% |
| American Water Works Company, Inc. (AWK)vs › | $24.78B | 36.48% | 36.62% | 35.58% | 34.30% |
| Alliant Energy Corporation (LNT)vs › | $19.00B | 23.01% | 22.88% | 22.81% | 22.43% |
| FirstEnergy Corp. (FE)vs › | $27.38B | 18.72% | 18.20% | 17.33% | 17.48% |
| Talen Energy Corporation (TLN)vs › | $17.65B | 33.09% | 4.04% | 5.38% | -8.09% |
| CenterPoint Energy, Inc. (CNP)vs › | $28.18B | 22.51% | 22.79% | 20.65% | 18.82% |
| Atmos Energy Corporation (ATO)vs › | $28.31B | 35.87% | 32.86% | 28.15% | 28.06% |
| WEC Energy Group, Inc. (WEC)vs › | $37.13B | 23.97% | 24.63% | 22.69% | 22.49% |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | 13.13% | 13.31% | 42.54% | 36.45% |
Operating Efficiency
Gross Margin
64.6%
Operating Margin
19.5%
CMS Energy Corporation Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
CMS Energy Corporation Operating Margin FAQ
- What is the operating margin for CMS Energy Corporation (CMS)?
- The operating margin for CMS stock is 19.53%.
- Is CMS Energy Corporation's operating margin high or low?
- CMS Energy Corporation's operating margin of 19.53% is 11% above its 5-year average of 17.60%, near the high end of its 5-year range (14.24%–20.22%).
- What is the TTM average operating margin for CMS Energy Corporation (CMS)?
- The TTM average operating margin for CMS stock is 20.00%.
- What is the 3Y average operating margin for CMS Energy Corporation (CMS)?
- The 3Y average operating margin for CMS stock is 17.70%.
- What is the 5Y average operating margin for CMS Energy Corporation (CMS)?
- The 5Y average operating margin for CMS stock is 17.60%.
- What is the 10Y average operating margin for CMS Energy Corporation (CMS)?
- The 10Y average operating margin for CMS stock is 17.96%.
- What is the 15Y average operating margin for CMS Energy Corporation (CMS)?
- The 15Y average operating margin for CMS stock is 17.35%.
- What is the 20Y average operating margin for CMS Energy Corporation (CMS)?
- The 20Y average operating margin for CMS stock is 16.70%.
CMS Energy Corporation Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 20.22% |
| 2024-12-31 | 19.79% |
| 2023-12-31 | 16.55% |
| 2022-12-31 | 14.24% |
| 2021-12-31 | 15.64% |
| 2020-12-31 | 19.16% |
| 2019-12-31 | 16.83% |
| 2018-12-31 | 16.91% |
| 2017-12-31 | 20.33% |
| 2016-12-31 | 19.63% |
| 2015-12-31 | 18.25% |
| 2014-12-31 | 16.05% |
| 2013-12-31 | 17.39% |
| 2012-12-31 | 16.04% |
| 2011-12-31 | 15.42% |
| 2010-12-31 | 15.21% |
| 2009-12-31 | 11.25% |
| 2008-12-31 | 11.74% |
| 2007-12-31 | -1.36% |
| 2006-12-31 | -3.62% |
| 2005-12-31 | -8.52% |
| 2004-12-31 | 10.80% |
| 2003-12-31 | 7.82% |
| 2002-12-31 | -0.20% |
| 2001-12-31 | -0.26% |
| 2000-12-31 | 8.04% |
| 1999-12-31 | 15.04% |
| 1998-12-31 | 14.08% |
| 1997-12-31 | 14.98% |
| 1996-12-31 | 15.63% |
About CMS Energy Corporation
CMS Energy Corporation (CMS) operates as a significant utility provider with its primary services concentrated in Michigan. The company's business is structured into three main divisions: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment encompasses the full spectrum of electricity operations, from generating power using a variety of sources—including coal, wind, natural gas, renewable energies, oil, and nuclear—to its subsequent purchase, transmission, distribution, and sale to customers. Its extensive electrical grid is supported by approximately 4,636 miles of high-voltage overhead distribution lines, 23 miles of high-voltage underground distribution lines, an additional 82,474 miles of electric overhead distribution lines, and 9,395 miles of underground distribution lines. This vast network also includes 1,093 substations and 3 battery storage facilities. The Gas Utility division is responsible for procuring, transmitting, storing, distributing, and selling natural gas. This segment's infrastructure features 2,392 miles of transmission pipelines, 15 natural gas storage fields, 28,065 miles of distribution mains, and 8 compressor stations. The Enterprises segment specializes in independent power generation and energy marketing, particularly focusing on the development and operation of renewable energy projects. CMS Energy serves a considerable customer base, providing electricity to 1.9 million clients and natural gas to 1.8 million clients, spanning residential, commercial, and diverse industrial sectors. The company was established in 1987 and its corporate headquarters are situated in Jackson, Michigan.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Garrick J. Rochow