# CMS Energy's operating margin went from 23.8% to 2.2% as revenue rose 8.0%

![CMS Energy's operating margin went from 23.8% to 2.2% as revenue rose 8.0%](https://aiswingx.com/static/covers/cms-2026q3_cover.jpg?v=1793113939)

**The operating margin went from 23.8% in the same period a year earlier to 2.2%. Revenue rose 8.0%.**

CMS Energy (CMS) filed its quarterly report (10-Q) for fiscal Q3 2026 on October 27. The operating margin went from 23.8% in the same period a year earlier to 2.2%. Revenue rose 8.0%.

- 종목: CMS (CMS Energy)
- 분기: 2026Q3 · 10-Q
- 작성: 2026-10-27 15:12 UTC
- 원문: https://aiswingx.com/p/cms-2026q3

## 숫자 하나
The operating margin went from 23.8% in the same period a year earlier to 2.2%.

## 비유 하나
(구독자 전용)

## 출처 하나
CMS Energy Form 10-Q (fiscal Q3 2026, filed 2026-10-27): inline XBRL in the consolidated financial statements, SEC EDGAR accession 0000811156-26-000032

## 다음 분기에 볼 것
(구독자 전용)

---

## What happened

CMS Energy (CMS) filed its quarterly report (10-Q) for fiscal Q3 2026 with the SEC on October 27. It covers July 1 to September 30, 2026. The cash flow statement covers nine months from the start of the fiscal year (January 1 to September 30, 2026).

The operating margin went from 23.8% in the same period a year earlier to 2.2%. Revenue rose 8.0%.

Figures are copied as filed. Ratios we calculated are marked as such, and the working is at the end.

---

(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. Where can I check these figures myself?**

On SEC EDGAR, in CMS Energy's 10-Q (accession 0000811156-26-000032). The same values appear on the corresponding lines of the consolidated statements.

**Q. Are the ratios figures the company reports?**

No. They divide two figures stated in the filing for the same period. The working is in the arithmetic table in the subscriber section.

**Q. Are figures from different periods mixed?**

No. Income and cash items are divided only by items covering the same length of time, and balances are always stated against the previous fiscal year-end.