CMS ENERGY CORPORATION
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2011 | — | 15.4% | 6.4% |
| FY2012 | — | 16.0% | 6.1% |
| FY2013 | — | 17.4% | 6.9% |
| FY2014 | — | 16.0% | 6.6% |
| FY2015 | — | 18.2% | 8.1% |
| FY2016 | — | 19.6% | 8.6% |
| FY2017 | — | 20.3% | 7.0% |
| FY2018 | — | 16.9% | 9.6% |
| FY2019 | — | 16.8% | 10.3% |
| FY2020 | — | 19.2% | 11.8% |
| FY2021 | — | 15.6% | 18.5% |
| FY2022 | — | 14.2% | 9.7% |
| FY2023 | — | 16.6% | 11.9% |
| FY2024 | — | 19.8% | 13.3% |
| FY2025 | — | 20.2% | 12.5% |