Which has the lower trailing P/E, CMS or ES?

ES has the lower trailing P/E: CMS trades at 19.62 and ES at 17.49. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CMS or ES?

Over the past five years, ES grew revenue faster — CMS at a 5.09% CAGR versus ES at 8.00%.

Does CMS or ES pay a bigger dividend?

CMS yields 3.35% and ES yields 4.50% based on trailing dividends and the latest price.

Is CMS or ES more profitable?

CMS runs the higher net margin — CMS at 11.64% versus ES at 10.35%.

How have CMS and ES total returns compared?

Over the past 10 years, CMS delivered 8.14% and ES delivered 6.20% annualized total return. Past performance doesn't predict future results.

CMS Energy Corporation (CMS) vs Eversource Energy (ES)

A side-by-side comparison of CMS Energy Corporation and Eversource Energy across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

CMS

CMS Energy Corporation

$20.80B

$66.32UtilitiesDelayed quote: Sep 16, 2026, 10:00 AM EDT

Eversource Energy

$25.38B

$67.50UtilitiesDelayed quote: Sep 16, 2026, 10:00 AM EDT

Total return — CMS vs ES

growth of $100 · dividends reinvested · last 10y

CMS +111.0% (+7.8%/yr)ES +76.7% (+5.9%/yr)CMS compounded faster over this window

CMS ES

CMS vs ES: by the numbers

•ES is the larger company ($25.38B vs $20.80B market cap).
•ES trades at the lower trailing earnings multiple (17.49 vs 19.62 P/E), one valuation lens rather than an overall verdict.
•CMS converts more revenue to profit (11.64% vs 10.35% net margin).
•ES grew revenue faster over the past five years (8.00% vs 5.09% CAGR).
•ES pays the higher dividend yield (4.50% vs 3.35%).

Metrics side by side

Valuation

Metric	CMS	ES
P/E ratio	19.62	17.49
Forward P/E	17.13	14.53
P/S ratio	2.36	1.81
P/B ratio	2.13	1.55
EV / EBITDA	13.98	9.87
FCF yield	N/A	1.17%

Profitability

Metric	CMS	ES
Gross margin	60.91%	35.24%
Operating margin	18.95%	22.34%
Net margin	11.64%	10.35%
ROE	10.50%	8.87%
ROIC	3.41%	4.87%

Dividends

Metric	CMS	ES
Dividend yield	3.35%	4.50%
Payout ratio	66.64%	79.79%

Growth (annualized)

Metric	CMS	ES
Revenue CAGR (5Y)	5.09%	8.00%
EPS CAGR (5Y)	5.90%	5.08%
FCF CAGR (5Y)	-16.59%	6.09%
Total return CAGR (5Y)	4.27%	-1.09%

Frequently asked

Which has the lower trailing P/E, CMS or ES?: ES has the lower trailing P/E: CMS trades at 19.62 and ES at 17.49. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CMS or ES?: Over the past five years, ES grew revenue faster — CMS at a 5.09% CAGR versus ES at 8.00%.
Does CMS or ES pay a bigger dividend?: CMS yields 3.35% and ES yields 4.50% based on trailing dividends and the latest price.
Is CMS or ES more profitable?: CMS runs the higher net margin — CMS at 11.64% versus ES at 10.35%.
How have CMS and ES total returns compared?: Over the past 10 years, CMS delivered 8.14% and ES delivered 6.20% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CMS analysis Full ES analysis Interactive comparison tool

Dig into the metrics

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

CMS Energy & Eversource Energy appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers

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 September 13, 2026.