C
CMS
CMSReviewed3 segments tracked|11 years of data|Annual (10-K)
Total Revenue
$7.3B0.8%
FY2024
Operating Segments
3Active segments
Blended Margin
20.6%Operating margin
Highest Margin
25.3%Gas Utility
Segment Shift
Gas Utility has grown from 34.8% to 28.9% of total revenue since FY2014, with 25.3% operating margins. Meanwhile, North Star Clean Energy is the fastest growing at +16.6% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2024
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Electric Utility | $5.0B | $982M | 19.7% | 68.2% | +6.6% |
| Gas Utility | $2.1B | $534M | 25.3% | 28.9% | -11.7% |
| North Star Clean Energy | $211M | $-10M | -4.7% | 2.9% | +16.6% |
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