CMS ENERGY CORPORATION (CMS) Operating Margin
- Operating margin · 12 months: Value 19.44%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | 19.44% | Operating income / revenue. Period ending 2026-06-30. $1.67B ÷ $8.59B × 100 ≈ 19.44% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | 1.67B USD | Operating Income (Loss) |
| Revenue | 8.59B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | (m) | |
| Research and development | (m) | |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $1.67B | $8.59B | (m) | (m) | (m) | 19.44% |
| 2026-03-31 | $1.72B | $8.58B | (m) | (m) | (m) | 20.08% |
| 2025-12-31 | $1.73B | $8.30B | (m) | (m) | (m) | 20.79% |
| 2025-09-30 | $1.72B | $8.06B | (m) | (m) | (m) | 21.30% |
| 2025-06-30 | $1.60B | $7.80B | (m) | (m) | (m) | 20.56% |
| 2025-03-31 | $1.57B | $7.57B | (m) | (m) | (m) | 20.72% |
| 2024-12-31 | $1.49B | $7.32B | (m) | (m) | (m) | 20.31% |
| 2024-09-30 | $1.47B | $7.29B | (m) | (m) | (m) | 20.13% |
| 2024-06-30 | $1.37B | $7.22B | (m) | (m) | (m) | 19.01% |
| 2024-03-31 | $1.33B | $7.16B | (m) | (m) | (m) | 18.63% |
| 2023-12-31 | $1.24B | $7.26B | (m) | (m) | (m) | 17.01% |
| 2023-09-30 | $1.10B | $7.61B | (m) | (m) | (m) | 14.46% |
| 2023-06-30 | $1.09B | $7.92B | (m) | (m) | (m) | 13.72% |
| 2023-03-31 | $1.08B | $8.25B | (m) | (m) | (m) | 13.12% |
| 2022-12-31 | $1.22B | $8.32B | (m) | (m) | (m) | 14.71% |
| 2022-09-30 | $1.16B | $8.04B | (m) | (m) | (m) | 14.39% |
| 2022-06-30 | $1.16B | $7.76B | (m) | (m) | (m) | 14.94% |
| 2022-03-31 | $1.17B | $7.43B | (m) | (m) | (m) | 15.77% |
| 2021-12-31 | $1.15B | $7.08B | (m) | (m) | (m) | 16.20% |
| 2021-09-30 | $1.38B | $6.82B | (m) | (m) | (m) | 20.26% |
| 2021-06-30 | $1.46B | $6.61B | (m) | (m) | (m) | 22.09% |
| 2021-03-31 | $1.48B | $6.44B | (m) | (m) | (m) | 22.96% |
| 2020-12-31 | $1.36B | $6.24B | (m) | (m) | (m) | 21.83% |
| 2020-09-30 | $1.32B | $6.23B | (m) | (m) | (m) | 21.22% |
| 2020-06-30 | $1.30B | $6.20B | (m) | (m) | (m) | 21.02% |
| 2020-03-31 | $1.25B | $6.20B | (m) | (m) | (m) | 20.12% |
| 2019-12-31 | $1.24B | $6.40B | (m) | (m) | (m) | 19.35% |
| 2019-09-30 | $1.18B | $6.44B | (m) | (m) | (m) | 18.28% |
| 2019-06-30 | $1.12B | $6.52B | (m) | (m) | (m) | 17.19% |
| 2019-03-31 | $1.16B | $6.59B | (m) | (m) | (m) | 17.58% |
| 2018-12-31 | $1.16B | $6.50B | (m) | (m) | (m) | 17.87% |
| 2018-09-30 | $1.29B | $6.58B | (m) | (m) | (m) | 19.61% |
| 2018-06-30 | $1.33B | $6.59B | (m) | (m) | (m) | 20.13% |
| 2018-03-31 | $1.31B | $6.63B | (m) | (m) | (m) | 19.81% |
| 2017-12-31 | $1.34B | $6.58B | (m) | (m) | (m) | 20.33% |
| 2017-09-30 | $1.28B | $6.45B | (m) | (m) | (m) | 19.86% |
| 2017-06-30 | $1.32B | $6.50B | (m) | (m) | (m) | 20.37% |
| 2017-03-31 | $1.36B | $6.43B | (m) | (m) | (m) | 21.15% |
| 2016-12-31 | $1.30B | $6.40B | (m) | (m) | (m) | 20.27% |
| 2016-09-30 | $1.25B | $6.27B | (m) | (m) | (m) | 19.97% |
| 2016-06-30 | $1.18B | $6.17B | (m) | (m) | (m) | 19.18% |
| 2016-03-31 | $1.10B | $6.15B | (m) | (m) | (m) | 17.93% |
| 2015-12-31 | $1.16B | $6.46B | (m) | (m) | (m) | 18.01% |
| 2015-09-30 | $1.19B | $6.71B | (m) | (m) | (m) | 17.76% |
| 2015-06-30 | $1.11B | $6.65B | (m) | (m) | (m) | 16.69% |
| 2015-03-31 | $1.14B | $6.77B | (m) | (m) | (m) | 16.86% |
| 2014-12-31 | $1.15B | $7.18B | (m) | (m) | (m) | 16.05% |
| 2014-09-30 | $1.14B | $7.16B | (m) | (m) | (m) | 15.97% |
| 2014-06-30 | $1.22B | $7.17B | (m) | (m) | (m) | 17.07% |
| 2014-03-31 | $1.22B | $7.11B | (m) | (m) | (m) | 17.17% |
| 2013-12-31 | $1.14B | $6.57B | (m) | (m) | (m) | 17.39% |
| 2013-09-30 | $1.09B | $6.50B | (m) | (m) | (m) | 16.77% |
| 2013-06-30 | $1.12B | $6.56B | (m) | (m) | (m) | 17.01% |
| 2013-03-31 | $1.14B | $6.49B | (m) | (m) | (m) | 17.63% |
| 2012-12-31 | $1.00B | $6.25B | (m) | (m) | (m) | 16.04% |
| 2012-09-30 | $965.00M | $6.20B | (m) | (m) | (m) | 15.56% |
| 2012-06-30 | $938.00M | $6.16B | (m) | (m) | (m) | 15.23% |
| 2012-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | $1.00B | $6.50B | (m) | (m) | (m) | 15.42% |
| 2011-09-30 | $987.00M | $6.57B | (m) | (m) | (m) | 15.03% |
| 2011-06-30 | $990.00M | $6.54B | (m) | (m) | (m) | 15.13% |
| 2011-03-31 | $1.04B | $6.52B | (m) | (m) | (m) | 16.03% |
| 2010-12-31 | $978.00M | $6.43B | (m) | (m) | (m) | 15.21% |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $698.00M | $6.21B | (m) | (m) | (m) | 11.25% |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $794.00M | $6.81B | (m) | (m) | (m) | 11.66% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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