Is BEP or CMS cheaper?

On trailing earnings, CMS is cheaper: BEP trades at a 57.13 P/E and CMS at 20.28.

Which has grown faster, BEP or CMS?

Over the past five years, BEP grew revenue faster — BEP at a 10.94% CAGR versus CMS at 5.66%.

Does BEP or CMS pay a bigger dividend?

BEP yields 4.46% and CMS yields 3.01% based on trailing dividends and the latest price.

Is BEP or CMS more profitable?

CMS runs the higher net margin — BEP at 3.01% versus CMS at 12.55%.

Which has been the better investment, BEP or CMS?

Over the past 10-year, BEP delivered the higher annualized total return — BEP at 13.72% versus CMS at 8.58%. Past performance doesn't predict future results.

Brookfield Renewable Partners L.P. (BEP) vs CMS Energy Corporation (CMS)

CMS leads on 10 of 15 compared metrics.

A side-by-side comparison of Brookfield Renewable Partners L.P. and CMS Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

BEP

Brookfield Renewable Partners L.P.

$10.40B

$34.28Utilities

CMS

CMS Energy Corporation

$22.87B

$74.03Utilities

Total return — BEP vs CMS

growth of $100 · last 23y

BEP +14.8%CMS +914.1%CMS compounded faster

Log scale — wide-divergence pair

BEP CMS

BEP vs CMS: by the numbers

•CMS is the larger company ($22.87B vs $10.40B market cap).
•CMS trades at the lower earnings multiple (20.28 vs 57.13 P/E).
•CMS converts more revenue to profit (12.55% vs 3.01% net margin).
•BEP grew revenue faster over the past five years (10.94% vs 5.66% CAGR).
•BEP pays the higher dividend yield (4.46% vs 3.01%).

Which is better, BEP or CMS?

Metric tally: BEP 5 · CMS 10

It depends on what you're optimizing for:

ValueCMS(lower P/E)

GrowthBEP(faster 5Y revenue CAGR)

IncomeBEP(higher dividend yield)

QualityCMS(higher ROIC)

Metrics side by side

Valuation

Metric	BEP	CMS
P/E ratio	57.13	20.28●
Forward P/E	—	17.74
P/S ratio	1.63●	2.52
P/B ratio	2.47	2.35●
PEG ratio	4.33	3.45●
EV / EBITDA	9.21●	12.71

Profitability

Metric	BEP	CMS
Gross margin	34.36%	64.61%●
Operating margin	11.33%	19.53%●
Net margin	3.01%	12.55%●
ROE	4.56%	11.69%●
ROIC	1.03%	3.67%●

Dividends

Metric	BEP	CMS
Dividend yield	4.46%●	3.01%
Payout ratio	—	63.03%

Growth (annualized)

Metric	BEP	CMS
Revenue CAGR (5Y)	10.94%●	5.66%
EPS CAGR (5Y)	-20.67%	5.90%●
FCF CAGR (5Y)	-7.80%●	-16.59%
Total return CAGR (5Y)	2.25%	7.67%●

Frequently asked

Which is better, BEP or CMS?: It depends on your goal. value: CMS (lower P/E); growth: BEP (faster 5Y revenue CAGR); income: BEP (higher dividend yield); quality: CMS (higher ROIC). Across all compared metrics, CMS leads 10 to 5.
Is BEP or CMS cheaper?: On trailing earnings, CMS is cheaper: BEP trades at a 57.13 P/E and CMS at 20.28.
Which has grown faster, BEP or CMS?: Over the past five years, BEP grew revenue faster — BEP at a 10.94% CAGR versus CMS at 5.66%.
Does BEP or CMS pay a bigger dividend?: BEP yields 4.46% and CMS yields 3.01% based on trailing dividends and the latest price.
Is BEP or CMS more profitable?: CMS runs the higher net margin — BEP at 3.01% versus CMS at 12.55%.
Which has been the better investment, BEP or CMS?: Over the past 10-year, BEP delivered the higher annualized total return — BEP at 13.72% versus CMS at 8.58%. Past performance doesn't predict future results.

Go deeper

Full BEP analysis Full CMS analysis Interactive comparison tool

Dig into the metrics

Brookfield Renewable Partners L.P. P/E ratio CMS Energy P/E ratio Brookfield Renewable Partners L.P. dividend yield CMS Energy dividend yield Brookfield Renewable Partners L.P. ROE CMS Energy ROE Brookfield Renewable Partners L.P. operating margin CMS Energy operating margin Brookfield Renewable Partners L.P. revenue growth CMS Energy revenue growth Brookfield Renewable Partners L.P. free cash flow CMS Energy free cash flow

Brookfield Renewable Partners L.P. & CMS Energy appear in these rankings

Highest Dividend Yield Stocks Best 10-Year Total Return 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 17, 2026.