Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $6,680 | $7,329 | $8,596 | $7,462 | $7,515 |
| Gross Profit | $1,362 | $1,146 | $1,224 | $1,235 | $1,487 |
| Operating Income | $1,362 | $1,146 | $1,224 | $1,235 | $1,487 |
| Net Income | $755 | $1,353 | $837 | $887 | $1,003 |
Over the five-year period, CMS Energy Corporation experienced mixed trends in its key income statement metrics. Revenue increased from US$6,680 million in 2020 to a peak of US$8,596 million in 2022, reflecting strong growth of about 28.6% over the period from 2020 to 2022. However, a notable decline occurred in 2023 when revenue fell to US$7,462 million—a drop of approximately 13% from 2022—before stabilizing at US$7,515 million in 2024. Gross profit and operating income, which are reported as equivalent in the data, showed a somewhat varied pattern. Although gross profit declined from US$1,362 million in 2020 to US$1,146 million in 2021, it recovered gradually to US$1,487 million in 2024. The changes in these figures suggest operational challenges or shifts in cost structures that may have affected the company’s margins during certain periods. Net income exhibited considerable volatility over the period. After a modest net income of US$755 million in 2020, it surged by nearly 79% to US$1,353 million in 2021, only to fall sharply by about 38% to US$837 million in 2022, indicating a significant swing that warrants attention. Recovery efforts appear evident with subsequent increases to US$887 million in 2023 and US$1,003 million in 2024. Given the nature of the energy industry—often subject to regulatory shifts, market demand fluctuations, and commodity price variations—these swings could reflect operational adjustments and external market pressures. Overall, while the company demonstrates resilience and recovery in its profit margins despite revenue headwinds, the substantial variations, especially in net income, suggest a need for close monitoring of cost management and market conditions to sustain financial health over the long term.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.