CMS EnergyFRA:CSG +3.03%76 Gross Margin % is 39.38% as of Mar. 2026, which is 5% above its 10-year median of 37.39. GuruFocus rates FRA:CSG with a GF Score™ of 76/100 and a GF Value™ of €65.58 (Fairly Valued). The stock has 10 warning signs investors should review. Among 489 Utilities - Regulated companies, CMS Energy ranks better than 69.33% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. CMS Energy's Gross Profit for the
three
months ended in Mar. 2026 was €930 Mil. CMS Energy's Revenue for the
three
months ended in Mar. 2026 was €2,361 Mil. Therefore, CMS Energy's Gross Margin % for the quarter that ended in Mar. 2026 was 39.38%.
The historical rank and industry rank for CMS Energy's Gross Margin % or its related term are showing as below:
FRA:CSG'
s Gross Margin % Range Over the Past 10 Years
Min: 32.13 Med: 37.39 Max: 42.7
Current: 40.55
During the past 13 years, the highestGross Margin % of CMS Energy was 42.70%. The lowest was 32.13%. And the median was 37.39%.
FRA:CSG's Gross Margin % is ranked better than 69.33% of 489
companies
in the Utilities - Regulated industry
Industry Median: 30.88
vs FRA:CSG: 40.55
CMS Energy had a gross margin of 39.38% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for CMS Energy was 2.20% per year.
CMS Energy (FRA:CSG) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
CMS Energy had a gross margin of 39.38% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
CMS Energy Gross Margin % Related Terms
CMS Energy Gross Margin % Historical Data
* Premium members only.
The historical data trend for CMS Energy's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:CSG vs ES, EVRG, LNT: Gross Margin % Comparison
For the Utilities - Regulated Electric subindustry, CMS Energy's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CMS Energy Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Gross Margin % distribution charts can be found below:
* The bar in red indicates where CMS Energy's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
CMS Energy (FRA:CSG) has a Gross Margin % of 39.38% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on CMS Energy and its competitors. This is near median its historical median of 37.39. Over the past decade, CMS Energy's Gross Margin % has ranged from 32.13 to 42.70. According to the industry distribution chart, CMS Energy ranks #150 out of 489 companies in the Utilities - Regulated industry, placing it in the top 30.7%.
Is CMS Energy's Gross Margin % too high?
CMS Energy's current Gross Margin % of 39.38% is near median its 10-year median of 37.39. Over the past 10 years, this metric has ranged from a low of 32.13 to a high of 42.70. The Utilities - Regulated industry median Gross Margin % is 30.88. CMS Energy's value of 39.38% is 27.5% above this industry median. Based on the distribution chart, CMS Energy ranks #150 out of 489 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CMS Energy has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Gross Margin % compare to ES and EVRG?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #150 out of 489 companies for Gross Margin %. This puts CMS Energy in the upper half of its industry. The industry median Gross Margin % is 30.88. CMS Energy's value of 39.38% is 27.5% above this benchmark. Historically, CMS Energy's own Gross Margin % has ranged from 32.13 to 42.70 over the past decade. While the company's 10-year median is 37.39 vs. the industry median of 30.88, CMS Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 30.88, based on 489 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current Gross Margin % of 39.38% is 27.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current Gross Margin % is 39.38%, which is near median its own 10-year median of 37.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMS Energy stock overvalued right now?
Based on GuruFocus' analysis, CMS Energy (FRA:CSG) is currently considered Fairly Valued. The stock's GF Value™ is €65.58, compared to a current price of €65.98 — trading 0.6% above its estimated fair value. The current Gross Margin % is 39.38%, which is near median its 10-year median of 37.39 and 27.5% above the Utilities - Regulated industry median of 30.88. CMS Energy's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For CMS Energy (FRA:CSG), the current Gross Margin % is 39.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CMS Energy (FRA:CSG) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be overvalued.
The current stock price of €65.98 is trading 0.6% above its estimated GF Value™ of €65.58.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for FRA:CSG:
Gross Margin %: 39.38% (near median its 10-year median of 37.39)
GF Value™: €65.58 vs. price of €65.98 (0.6% above fair value)
Industry Position: 27.5% above the Utilities - Regulated median (#150 of 489)
No single metric tells the full story. See the FRA:CSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. NorthStar Clean Energy, formerly CMS Enterprises, is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
76GF Score
Get the complete analysis for FRA:CSG
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:CSG has been successfully added to your 
