Is AES or CMS cheaper?

On trailing earnings, AES is cheaper: AES trades at a 7.78 P/E and CMS at 20.10.

Which has grown faster, AES or CMS?

Over the past five years, CMS grew revenue faster — AES at a 4.63% CAGR versus CMS at 5.66%.

Does AES or CMS pay a bigger dividend?

AES yields 4.81% and CMS yields 3.03% based on trailing dividends and the latest price.

Is AES or CMS more profitable?

CMS runs the higher net margin — AES at 10.72% versus CMS at 12.55%.

Which has been the better investment, AES or CMS?

Over the past 10-year, CMS delivered the higher annualized total return — AES at 6.25% versus CMS at 8.45%. Past performance doesn't predict future results.

The AES Corporation (AES) vs CMS Energy Corporation (CMS)

AES leads on 10 of 15 compared metrics.

A side-by-side comparison of The AES Corporation and CMS Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CMS Energy Corporation

$22.67B

$73.38Utilities

Total return — AES vs CMS

growth of $100 · last 30y

AES +114.7%CMS +149.8%CMS compounded faster

AES CMS

AES vs CMS: by the numbers

•CMS is the larger company ($22.67B vs $10.43B market cap).
•AES trades at the lower earnings multiple (7.78 vs 20.10 P/E).
•CMS converts more revenue to profit (12.55% vs 10.72% net margin).
•CMS grew revenue faster over the past five years (5.66% vs 4.63% CAGR).
•AES pays the higher dividend yield (4.81% vs 3.03%).

Which is better, AES or CMS?

Metric tally: AES 10 · CMS 5

It depends on what you're optimizing for:

ValueAES(lower P/E)

GrowthCMS(faster 5Y revenue CAGR)

IncomeAES(higher dividend yield)

QualityAES(higher ROIC)

Metrics side by side

Valuation

Metric	AES	CMS
P/E ratio	7.78●	20.10
Forward P/E	6.26●	17.58
P/S ratio	0.84●	2.50
P/B ratio	2.36	2.33
PEG ratio	0.10●	3.45
EV / EBITDA	10.61●	12.65

Profitability

Metric	AES	CMS
Gross margin	19.31%	64.61%●
Operating margin	16.47%	19.53%●
Net margin	10.72%	12.55%●
ROE	30.27%●	11.69%
ROIC	4.24%●	3.67%

Dividends

Metric	AES	CMS
Dividend yield	4.81%●	3.03%
Payout ratio	55.86%	63.03%

Growth (annualized)

Metric	AES	CMS
Revenue CAGR (5Y)	4.63%	5.66%●
EPS CAGR (5Y)	78.27%●	5.90%
FCF CAGR (5Y)	3.29%●	-16.59%
Total return CAGR (5Y)	-6.68%	8.05%●

Frequently asked

Which is better, AES or CMS?: It depends on your goal. value: AES (lower P/E); growth: CMS (faster 5Y revenue CAGR); income: AES (higher dividend yield); quality: AES (higher ROIC). Across all compared metrics, AES leads 10 to 5.
Is AES or CMS cheaper?: On trailing earnings, AES is cheaper: AES trades at a 7.78 P/E and CMS at 20.10.
Which has grown faster, AES or CMS?: Over the past five years, CMS grew revenue faster — AES at a 4.63% CAGR versus CMS at 5.66%.
Does AES or CMS pay a bigger dividend?: AES yields 4.81% and CMS yields 3.03% based on trailing dividends and the latest price.
Is AES or CMS more profitable?: CMS runs the higher net margin — AES at 10.72% versus CMS at 12.55%.
Which has been the better investment, AES or CMS?: Over the past 10-year, CMS delivered the higher annualized total return — AES at 6.25% versus CMS at 8.45%. Past performance doesn't predict future results.

Go deeper

Full AES analysis Full CMS analysis Interactive comparison tool

Dig into the metrics

AES P/E ratio CMS Energy P/E ratio AES dividend yield CMS Energy dividend yield AES ROE CMS Energy ROE AES operating margin CMS Energy operating margin AES revenue growth CMS Energy revenue growth AES free cash flow CMS Energy free cash flow

AES & CMS Energy appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 20, 2026.