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Net margin at other companies

Nextra Energy logo
Nextra EnergyNEE
29.6%+7.8pp
DTE Energy logo
DTE EnergyDTE
7.7%-3.6pp
PG&E logo
PG&EPCG
11.4%+1.6pp
Entergy logo
EntergyETR
14.4%-0.4pp
Duke Energy logo
Duke EnergyDUK
15.7%+1.3pp
CNP
CenterPoint EnergyCNP
11.4%+0.6pp

Other financials

Income statement

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Revenue$2.7B+11.6%
Operating income$490.0M-0.8%
Net income$340.0M+11.8%
EPS (diluted)$1.10+8.9%

Balance sheet

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Cash & equivalents$263.0M-50.0%
Total debt$19.1B+12.7%
Total equity$9.5B+13.6%
Total assets$40.3B+11.0%

Cash flow

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Operating cash flow$705.0M-29.5%
CapEx$1.0B+17.0%
Free cash flow-$334.0M-398%

Valuation

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Market cap$22.65B+6.4%
Enterprise value$41.5B+9.9%
P/E20.5×-0.4×
P/S2.6×-0.2×

Profitability

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Operating margin19.5%-0.6pp

Returns & leverage

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Return on equity12.4%-0.1pp
Debt / equity0.0×
Current ratio0.8×-0.2×

Where this comes from

Calculated from CMS Energy’s reported figures.

Based on trailing twelve months.

The official record: CMS Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CMS Energy's net margin?
CMS Energy (CMS) reported net margin of 12.5% in Q1 2026.
How has CMS Energy's net margin changed year-over-year?
CMS Energy's net margin decreased by 4.2% year-over-year, from 13.1% to 12.5%.
What is the long-term trend for CMS Energy's net margin?
Over 4 years (2021 to 2025), CMS Energy's net margin has grown at a -2.8% compound annual growth rate (CAGR), from 57.1% to 51%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.