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CMS EnergyFRA:CSG -1.13%81 Net Margin % is 6.56% as of Jun. 2026, which is 40% below its 10-year median of 11.02. GuruFocus rates FRA:CSG with a GF Score™ of 81/100 and a GF Value™ of €66.91 (Fairly Valued). The stock has 8 warning signs investors should review. Among 498 Utilities - Regulated companies, CMS Energy ranks better than 61.04% on this metric.
Net margin is calculated as Net Income divided by its Revenue. CMS Energy's Net Income for the
three
months ended in Jun. 2026 was €104 Mil. CMS Energy's Revenue for the
three
months ended in Jun. 2026 was €1,588 Mil. Therefore, CMS Energy's net margin for the quarter that ended in Jun. 2026 was 6.56%.
The historical rank and industry rank for CMS Energy's Net Margin % or its related term are showing as below:
FRA:CSG'
s Net Margin % Range Over the Past 10 Years
Min: 6.99 Med: 11.02 Max: 18.46
Current: 11.64
FRA:CSG's Net Margin % is ranked better than 61.04% of 498
companies
in the Utilities - Regulated industry
Industry Median: 8.595
vs FRA:CSG: 11.64
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
CMS Energy Net Margin % Related Terms
CMS Energy Net Margin % Historical Data
* Premium members only.
The historical data trend for CMS Energy's Net 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 EVRG, LNT, PPL: Net Margin % Comparison
For the Utilities - Regulated Electric subindustry, CMS Energy's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Net Margin % distribution charts can be found below:
* The bar in red indicates where CMS Energy's Net 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.
CMS Energy (FRA:CSG) has a Net Margin % of 6.56% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on CMS Energy and its competitors. This is 40% below median its historical median of 11.02. Over the past decade, CMS Energy's Net Margin % has ranged from 6.99 to 18.46. According to the industry distribution chart, CMS Energy ranks #194 out of 498 companies in the Utilities - Regulated industry, placing it in the top 39%.
Is CMS Energy's Net Margin % too high?
CMS Energy's current Net Margin % of 6.56% is 40% below median its 10-year median of 11.02. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 18.46. The Utilities - Regulated industry median Net Margin % is 8.60. CMS Energy's value of 6.56% is 23.7% below this industry median. Based on the distribution chart, CMS Energy ranks #194 out of 498 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CMS Energy has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Net Margin % compare to EVRG and LNT?
According to the Utilities - Regulated industry distribution chart, CMS Energy ranks #194 out of 498 companies for Net Margin %. This puts CMS Energy in the upper half of its industry. The industry median Net Margin % is 8.60. CMS Energy's value of 6.56% is 23.7% below this benchmark. Historically, CMS Energy's own Net Margin % has ranged from 6.99 to 18.46 over the past decade. While the company's 10-year median is 11.02 vs. the industry median of 8.60, CMS Energy has consistently been below 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 Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.60, based on 498 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMS Energy's current Net Margin % of 6.56% is 23.7% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on CMS Energy and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMS Energy's current Net Margin % is 6.56%, which is 40% below median its own 10-year median of 11.02. 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 €66.91, compared to a current price of €60.98 — trading 8.9% below its estimated fair value. The current Net Margin % is 6.56%, which is 40% below median its 10-year median of 11.02 and 23.7% below the Utilities - Regulated industry median of 8.60. CMS Energy's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For CMS Energy (FRA:CSG), the current Net Margin % is 6.56% as of Jun. 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 undervalued.
The current stock price of €60.98 is trading 8.9% below its estimated GF Value™ of €66.91.
GuruFocus considers CMS Energy to be Fairly Valued.
Key valuation signals for FRA:CSG:
Net Margin %: 6.56% (40% below median its 10-year median of 11.02)
GF Value™: €66.91 vs. price of €60.98 (8.9% below fair value)
Industry Position: 23.7% below the Utilities - Regulated median (#194 of 498)
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.
81GF Score
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