GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (LTS:0HR4) » Definitions » Tax Rate %

CMS Energy (LTS:0HR4) Tax Rate % : 18.07% (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is CMS Energy Tax Rate %?

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. 2024 was $58 Mil. CMS Energy's Pre-Tax Income for the three months ended in Mar. 2024 was $321 Mil. Therefore, CMS Energy's Tax Rate % for the quarter that ended in Mar. 2024 was 18.07%.

CMS Energy Tax Rate % Historical Data

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.

* Premium members only.

CMS Energy Tax Rate % Chart

CMS Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.15 14.22 11.54 10.31 15.41

CMS Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.00 17.83 5.98 20.82 18.07

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. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=147/954
=15.41 %

CMS Energy's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=58/321
=18.07 %

* 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 % Related Terms

Thank you for viewing the detailed overview of CMS Energy's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

CMS Energy (LTS:0HR4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (LTS:0HR4) » Definitions » Tax Rate %
Comparable Companies
CNP AEE PPL ES AGR FE DTE ETR LNT EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG
Traded in Other Exchanges
CMSpC.PFD:USA CMS:USA CMS1:Mexico CSG:Germany
Address
One Energy Plaza, Jackson, MI, USA, 49201
Website
https://www.cmsenergy.com
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. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

CMS Energy (LTS:0HR4) Headlines

No Headlines