Why yes, it is.
When you enable Time Machine, Time Machine stages backups (by creating "snapshots" -- lists of files to be backed up) on your boot drive. When you connect the external drive, it attempts to place the files from those snapshots onto the backup drive.
Backup:
Time Machine information is limited without Full Disk Access
Destinations:
P**************l [Local] (Last used)
19 local snapshots
Oldest local snapshot: 2025-11-10 01:14:53
Last local snapshot: 2026-01-27 10:37:22
to my eye, that says you have a snapshot from a month ago on your boot drive, and 19 others including one from today.
this Volume:
disk4s2 - P**************l
Filesystem: Journaled HFS+
Mount point: /Volumes/P**************l
Used: 916.22 GB
Size: 999.86 GB
Free: 83.64 GB
Available: 83.79 GB
... is over-full at only about 8.3 percent free out of about 1000 GB. Time Machine will generally leave more space free when it can.
In addition, these processes are hogging CPU, leading to the beach-balling:
Top Processes Snapshot by CPU:
Process (count) CPU (Source - Location)
mediaanalysisd 108.90 % (Apple)
mdworker_shared (27) 64.43 % (Apple)
WindowServer 22.94 % (Apple)
EtreCheckPro 12.90 % (Etresoft, Inc.)
com.apple.WebKit.WebContent (4) 10.38 % (Apple)
Top Processes Snapshot by Energy Use:
Process (count) Energy (0-100) (Source - Location)
mediaanalysisd 24 (Apple)
WindowServer 11 (Apple)
mds 8 (Apple)
com.apple.WebKit.WebContent (4) 4 (Apple)
mds_stores (2) 4 (Apple)
media analysis is looking at your media files, calculating meta-data like faces in your photos and files.
mdworker, mds, and mds_stores are doing the heavy lifting for Time Machine backups.
your report suggests your drive was connected when you ran the report.