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CMS Energy's gross profit for the
three
months ended in Mar. 2026 was $1,075 Mil. CMS Energy's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was $3,577 Mil.
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 $1,075 Mil. CMS Energy's Revenue for the
three
months ended in Mar. 2026 was $2,730 Mil. Therefore, CMS Energy's Gross Margin % for the quarter that ended in Mar. 2026 was 39.38%.
CMS Energy had a gross margin of 39.38% for the quarter that ended in Mar. 2026 => Competition eroding margins
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%.
CMS Energy (NYSE:CMS) Gross Profit 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
CMS Energy Gross Profit Related Terms
CMS Energy Gross Profit Historical Data
* Premium members only.
The historical data trend for CMS Energy's Gross Profit 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.
For the Utilities - Regulated Electric subindustry, CMS Energy's Gross Profit, along with its competitors' market caps and Gross Profit 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 Profit vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Gross Profit distribution charts can be found below:
* The bar in red indicates where CMS Energy's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,577 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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 (CMS) has a Gross Profit of $3,577 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on CMS Energy and its competitors.
Is CMS Energy's Gross Profit too high?
CMS Energy's current Gross Profit is $3,577 Mil. Overall, CMS Energy has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Gross Profit compare to ES and PPL?
CMS Energy's Gross Profit of $3,577 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Utilities - Regulated company?
A good Gross Profit depends on the Utilities - Regulated industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on CMS Energy and its competitors. CMS Energy's current Gross Profit is $3,577 Mil. 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 (CMS) is currently considered Fairly Valued. The stock's GF Value™ is $75.93, compared to a current price of $73.98 — trading 2.6% below its estimated fair value. The current Gross Profit is $3,577 Mil. CMS Energy's overall GF Score™ is 67/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For CMS Energy (CMS), the current Gross Profit is $3,577 Mil 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 (CMS) Overvalued in 2026?
Based on GuruFocus' analysis, CMS Energy stock appears to be undervalued.
The current stock price of $73.98 is trading 2.6% below its estimated GF Value™ of $75.93.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for CMS:
Gross Profit: $3,577 Mil
GF Value™: $75.93 vs. price of $73.98 (2.6% below fair value)
No single metric tells the full story. See the CMS 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.
67GF Score
Get the complete analysis for CMS
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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