Companhia Energetica de Minas Gerais CEMIG
NYSE:CIG.C
Net Margin
Companhia Energetica de Minas Gerais CEMIG
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| BR |
|
Companhia Energetica de Minas Gerais CEMIG
NYSE:CIG.C
|
7.7B USD |
17%
|
|
| US |
|
Nextera Energy Inc
NYSE:NEE
|
147.9B USD |
23%
|
|
| ES |
|
Iberdrola SA
MAD:IBE
|
95.9B EUR |
11%
|
|
| US |
|
Southern Co
NYSE:SO
|
104.8B USD |
17%
|
|
| US |
|
Constellation Energy Corp
NASDAQ:CEG
|
102.5B USD |
12%
|
|
| US |
|
Duke Energy Corp
NYSE:DUK
|
93.2B USD |
15%
|
|
| IT |
|
Enel SpA
MIL:ENEL
|
78.3B EUR |
9%
|
|
| US |
|
American Electric Power Company Inc
NASDAQ:AEP
|
58.6B USD |
14%
|
|
| FR |
|
Electricite de France SA
PAR:EDF
|
46.6B EUR |
-13%
|
|
| US |
|
Exelon Corp
NASDAQ:EXC
|
44.4B USD |
11%
|
|
| DK |
O
|
Oersted A/S
SWB:D2G
|
38.1B EUR |
2%
|
Companhia Energetica de Minas Gerais CEMIG
Glance View
In the bustling economic landscape of Brazil, Companhia Energetica de Minas Gerais, or CEMIG, stands as a pivotal force in the energy sector. Founded in 1952, this publicly traded company is headquartered in Belo Horizonte and serves as a cornerstone for the state's energy needs. CEMIG's operations span the entire electricity value chain, which includes generation, transmission, distribution, and even a touch of commercialization. The company's extensive network stretches across 24 Brazilian states, making it one of the largest integrated utilities in Latin America. CEMIG generates power through a diversified energy mix, with hydroelectric plants dominating its portfolio. This strategic reliance on renewable energy sources not only taps into Brazil's rich natural resources but also aligns with global trends favoring sustainability. CEMIG’s financial backbone is fortified by its robust infrastructure, which ensures the efficient delivery of electricity to millions of consumers and businesses. The company earns revenue primarily through electricity tariffs, regulated by the Brazilian government, and it benefits from the natural monopoly formed by its grid network. In recent years, CEMIG has expanded its footprint in renewable energy, including wind and solar initiatives, as part of its long-term growth plans. By continually investing in modernization and smart technology, the company enhances its service reliability and resilience, thereby attracting long-term partnerships and investments. This strategic trajectory not only fortifies its position in the market but also promises sustainable profitability in an increasingly green-energy-focused world.
See Also
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Companhia Energetica de Minas Gerais CEMIG's most recent financial statements, the company has Net Margin of 17.3%.
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