CMS (CMS Energy) Tax Rate %: 23.48% (As of Mar. 2026)


CMS CMS Energy Corp CMS
73 GF Score
Price $77.73
GF Value $76.07
Valuation Fairly Valued
! 11 Warning Signs
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What is CMS Energy Tax Rate %?

CMS Energy CMS +2.38% 73 Tax Rate % is 23.48% as of Mar. 2026. GuruFocus rates CMS with a GF Score™ of 73/100 and a GF Value™ of $76.07 (Fairly Valued). The stock has 11 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CMS Energy's Tax Expense for the three months ended in Mar. 2026 was $85 Mil. CMS Energy's Pre-Tax Income for the three months ended in Mar. 2026 was $362 Mil. Therefore, CMS Energy's Tax Rate % for the quarter that ended in Mar. 2026 was 23.48%.

CMS Energy Tax Rate % Related Terms

CMS Energy Tax Rate % Historical Data

* Premium members only.

The historical data trend for CMS Energy's Tax Rate % 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.

CMS Energy Tax Rate % Chart

CMS Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.54 10.31 15.41 15.67 19.71

CMS Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.60 24.31 20.00 17.97 23.48
CMS
73GF Score
CMS Energy Corp CMS
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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CMS Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

CMS Energy's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=246/1248
=19.71 %

CMS Energy's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=85/362
=23.48 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 23.48% mean?
CMS Energy (CMS) has a Tax Rate % of 23.48% as of Mar. 2026.
Is CMS Energy's Tax Rate % too high?
CMS Energy's current Tax Rate % is 23.48%. Overall, CMS Energy has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMS Energy's Tax Rate % compare to ES and PPL?
CMS Energy's Tax Rate % of 23.48% 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 Tax Rate % for an Utilities - Regulated company?
A good Tax Rate % depends on the Utilities - Regulated industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. CMS Energy's current Tax Rate % is 23.48%. 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 $76.07, compared to a current price of $77.73 — trading 2.2% above its estimated fair value. The current Tax Rate % is 23.48%. CMS Energy's overall GF Score™ is 73/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For CMS Energy (CMS), the current Tax Rate % is 23.48% 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 overvalued. The current stock price of $77.73 is trading 2.2% above its estimated GF Value™ of $76.07. GuruFocus considers CMS Energy to be Fairly Valued.

Key valuation signals for CMS:

  • Tax Rate %: 23.48%
  • GF Value™: $76.07 vs. price of $77.73 (2.2% above fair value)
  • GF Score™: 73/100 with 11 warning signs

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 Business Description

Address One Energy Plaza, Jackson, MI, USA, 49201
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.
73GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$77.73
Price
$76.07
GF Value