Is CMS or ED cheaper?

On trailing earnings, ED is cheaper: CMS trades at a 20.16 P/E and ED at 18.14.

Which has grown faster, CMS or ED?

Over the past five years, ED grew revenue faster — CMS at a 5.66% CAGR versus ED at 6.30%.

Does CMS or ED pay a bigger dividend?

CMS yields 3.02% and ED yields 3.23% based on trailing dividends and the latest price.

Which has been the better investment, CMS or ED?

Over the past 10-year, CMS delivered the higher annualized total return — CMS at 8.60% versus ED at 7.17%. Past performance doesn't predict future results.

CMS Energy Corporation (CMS) vs Consolidated Edison, Inc. (ED)

ED leads on 11 of 14 compared metrics.

A side-by-side comparison of CMS Energy Corporation and Consolidated Edison, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CMS

CMS Energy Corporation

$22.73B

$73.57Utilities

Consolidated Edison, Inc.

$39.71B

$107.74Utilities

Total return — CMS vs ED

growth of $100 · last 30y

CMS +151.5%ED +286.4%ED compounded faster

CMS ED

CMS vs ED: by the numbers

•ED is the larger company ($39.71B vs $22.73B market cap).
•ED trades at the lower earnings multiple (18.14 vs 20.16 P/E).
•ED grew revenue faster over the past five years (6.30% vs 5.66% CAGR).
•ED pays the higher dividend yield (3.23% vs 3.02%).

Which is better, CMS or ED?

Metric tally: CMS 3 · ED 11

It depends on what you're optimizing for:

ValueED(lower P/E)

GrowthED(faster 5Y revenue CAGR)

IncomeED(higher dividend yield)

QualityCMS(higher ROIC)

Valuation

Metric	CMS	ED
P/E ratio	20.16	18.14●
Forward P/E	17.63	16.62●
P/S ratio	2.51	2.28●
P/B ratio	2.34	1.53●
PEG ratio	3.45	2.31●
EV / EBITDA	12.67	9.50●
FCF yield	—	7.17%

Profitability

Metric	CMS	ED
Gross margin	64.61%	65.01%
Operating margin	19.53%●	17.33%
Net margin	12.55%	12.52%
ROE	11.69%●	8.42%
ROIC	3.67%●	3.24%

Dividends

Metric	CMS	ED
Dividend yield	3.02%	3.23%●
Payout ratio	63.03%	61.40%

Growth (annualized)

Metric	CMS	ED
Revenue CAGR (5Y)	5.66%	6.30%●
EPS CAGR (5Y)	5.90%	11.46%●
FCF CAGR (5Y)	-16.59%	47.32%●
Total return CAGR (5Y)	7.18%	10.69%●

Frequently asked

Which is better, CMS or ED?: It depends on your goal. value: ED (lower P/E); growth: ED (faster 5Y revenue CAGR); income: ED (higher dividend yield); quality: CMS (higher ROIC). Across all compared metrics, ED leads 11 to 3.
Is CMS or ED cheaper?: On trailing earnings, ED is cheaper: CMS trades at a 20.16 P/E and ED at 18.14.
Which has grown faster, CMS or ED?: Over the past five years, ED grew revenue faster — CMS at a 5.66% CAGR versus ED at 6.30%.
Does CMS or ED pay a bigger dividend?: CMS yields 3.02% and ED yields 3.23% based on trailing dividends and the latest price.
Which has been the better investment, CMS or ED?: Over the past 10-year, CMS delivered the higher annualized total return — CMS at 8.60% versus ED at 7.17%. Past performance doesn't predict future results.

Go deeper

Full CMS analysis Full ED analysis Interactive comparison tool

Dig into the metrics

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

CMS Energy & Consolidated Edison appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest FCF Yield 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 14, 2026.