Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the net profit margin high or low?
The net profit margin of 12.45% is in line with its 5-year average of 13.00%, near the low end of its 5-year range (7.51%–31.43%).
As of the fiscal period ended Tuesday, March 31, 2026. 0.31% below its 12-month average of 12.49%.
Reported quarterly profit margin; no daily interpolation.
NET PROFIT MARGIN
12.45%
NET PROFIT MARGIN AVG TTM
12.49%
NET PROFIT MARGIN AVG 3Y
12.85%
NET PROFIT MARGIN AVG 5Y
12.08%
NET PROFIT MARGIN AVG 10Y
10.99%
NET PROFIT MARGIN AVG 15Y
9.40%
NET PROFIT MARGIN AVG 20Y
8.21%
CURRENT VS TTM AVG
-0.31%
CURRENT VS 3Y AVG
-3.11%
CURRENT VS 5Y AVG
+3.07%
CURRENT VS 10Y AVG
+13.36%
CURRENT VS 15Y AVG
+32.43%
CURRENT VS 20Y AVG
+51.71%
SECTOR MEDIAN · UTILITIES
12.61%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
-1.24%
vs the sector median at left
CMS Energy Corporation
Market Cap
$22.93B
Net Profit Margin
12.45%
TTM Avg
12.49%
3Y Avg
12.85%
5Y Avg
12.08%
Market Cap
$26.92B
Net Profit Margin
21.17%
TTM Avg
22.02%
3Y Avg
21.99%
5Y Avg
23.15%
Market Cap
$27.13B
Net Profit Margin
13.09%
TTM Avg
11.78%
3Y Avg
10.51%
5Y Avg
7.21%
Market Cap
$18.68B
Net Profit Margin
18.58%
TTM Avg
17.95%
3Y Avg
17.42%
5Y Avg
17.72%
Market Cap
$28.36B
Net Profit Margin
11.61%
TTM Avg
11.52%
3Y Avg
11.23%
5Y Avg
8.71%
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| CMS Energy Corporation (CMS) | $22.93B | 12.45% | 12.49% | 12.85% | 12.08% |
| NiSource Inc (NI)vs › | $21.58B | 14.10% | 13.96% | 13.66% | 11.03% |
| NRG Energy, Inc. (NRG)vs › | $26.43B | 0.74% | 3.41% | 2.50% | 3.95% |
| Evergy, Inc. (EVRG)vs › | $19.37B | 14.71% | 14.72% | 13.91% | 13.99% |
| American Water Works Company, Inc. (AWK)vs › | $26.92B | 21.17% | 22.02% | 21.99% | 23.15% |
| PPL Corporation (PPL)vs › | $27.13B | 13.09% | 11.78% | 10.51% | 7.21% |
| Alliant Energy Corporation (LNT)vs › | $18.68B | 18.58% | 17.95% | 17.42% | 17.72% |
| Eversource Energy (ES)vs › | $28.08B | 12.55% | 9.66% | 6.76% | 8.82% |
| CenterPoint Energy, Inc. (CNP)vs › | $28.36B | 11.61% | 11.52% | 11.23% | 8.71% |
| FirstEnergy Corp. (FE)vs › | $28.62B | 7.26% | 7.01% | 6.46% | 7.89% |
Operating Margin
19.5%
Net Profit Margin
12.5%
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | NET PROFIT MARGIN |
|---|---|
| 2026-03-31 | 12.45% |
| 2025-12-31 | 12.94% |
| 2025-09-30 | 13.71% |
| 2025-06-30 | 10.94% |
| 2025-03-31 | 12.42% |
| 2024-12-31 | 13.32% |
| 2024-09-30 | 14.52% |
| 2024-06-30 | 12.32% |
| 2024-03-31 | 13.19% |
| 2023-12-31 | 15.85% |
| 2023-09-30 | 10.52% |
| 2023-06-30 | 12.73% |
| 2023-03-31 | 8.93% |
| 2022-12-31 | 7.51% |
| 2022-09-30 | 8.15% |
| 2022-06-30 | 7.71% |
| 2022-03-31 | 14.87% |
| 2021-12-31 | 31.43% |
| 2021-09-30 | 10.96% |
| 2021-06-30 | 11.30% |
| 2021-03-31 | 17.34% |
| 2020-12-31 | 8.79% |
| 2020-09-30 | 14.47% |
| 2020-06-30 | 9.84% |
| 2020-03-31 | 13.04% |
| 2019-12-31 | 9.30% |
| 2019-09-30 | 13.39% |
| 2019-06-30 | 6.44% |
| 2019-03-31 | 10.34% |
| 2018-12-31 | 5.90% |
| 2018-09-30 | 10.57% |
| 2018-06-30 | 9.32% |
| 2018-03-31 | 12.34% |
| 2017-12-31 | -0.17% |
| 2017-09-30 | 11.26% |
| 2017-06-30 | 6.35% |
| 2017-03-31 | 10.88% |
| 2016-12-31 | 4.70% |
| 2016-09-30 | 11.72% |
| 2016-06-30 | 9.04% |
| 2016-03-31 | 9.11% |
| 2015-12-31 | 7.02% |
| 2015-09-30 | 9.96% |
| 2015-06-30 | 4.96% |
| 2015-03-31 | 9.57% |
| 2014-12-31 | 5.46% |
| 2014-09-30 | 6.57% |
| 2014-06-30 | 5.65% |
| 2014-03-31 | 8.09% |
| 2013-12-31 | 5.88% |
| 2013-09-30 | 8.72% |
| 2013-06-30 | 5.69% |
| 2013-03-31 | 7.28% |
| 2012-12-31 | 4.01% |
| 2012-09-30 | 9.82% |
| 2012-05-30 | 7.50% |
| 2012-03-31 | 3.84% |
| 2011-12-31 | 2.53% |
| 2011-09-30 | 9.49% |
| 2011-06-30 | 7.33% |
| 2011-03-31 | 6.57% |
| 2010-12-31 | 1.49% |
| 2010-09-30 | 10.05% |
| 2010-06-30 | 6.12% |
| 2010-03-31 | 4.47% |
| 2009-12-31 | 0.31% |
| 2009-09-30 | 5.46% |
| 2009-06-30 | 6.37% |
| 2009-03-31 | 3.47% |
| 2008-12-31 | 3.47% |
| 2008-09-30 | 5.67% |
| 2008-06-30 | 3.44% |
| 2008-03-31 | 4.81% |
| 2007-12-31 | -7.41% |
| 2007-09-30 | 6.55% |
| 2007-06-30 | 2.73% |
| 2007-03-31 | -9.64% |
| 2006-12-31 | -1.51% |
| 2006-09-30 | -7.84% |
| 2006-06-30 | 6.15% |
| 2006-03-31 | -1.22% |
| 2005-12-31 | -0.16% |
| 2005-09-30 | -19.70% |
| 2005-06-30 | 2.44% |
| 2005-03-31 | 8.24% |
| 2004-12-31 | 3.01% |
| 2004-09-30 | 5.55% |
| 2004-06-30 | 1.74% |
| 2004-03-31 | -0.34% |
| 2003-12-31 | -0.07% |
| 2003-09-30 | -6.59% |
| 2003-06-30 | -5.77% |
| 2003-03-31 | 4.17% |
| 2002-12-31 | -22.13% |
| 2002-09-30 | 1.46% |
| 2002-06-30 | -3.47% |
