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

ES has the lower trailing P/E: CMS trades at 19.72 and ES at 15.30. 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 5.66% CAGR versus ES at 8.29%.

Does CMS or ES pay a bigger dividend?

CMS yields 3.09% and ES yields 4.30% based on trailing dividends and the latest price.

How have CMS and ES total returns compared?

Over the past 10 years, CMS delivered 7.91% and ES delivered 5.67% 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 August 1, 2026. Differences are shown without an overall score or investment verdict.

CMS

CMS Energy Corporation

$22.57B

$71.99UtilitiesAt close: Jul 31, 2026, 4:00 PM ET

Eversource Energy

$26.92B

$71.59UtilitiesAt close: Jul 31, 2026, 4:00 PM ET

Total return — CMS vs ES

growth of $100 · dividends reinvested · last 30y

CMS +504.6%ES +1405.0%ES compounded faster

CMS ES

CMS vs ES: by the numbers

•ES is the larger company ($26.92B vs $22.57B market cap).
•ES trades at the lower trailing earnings multiple (15.30 vs 19.72 P/E), one valuation lens rather than an overall verdict.
•ES grew revenue faster over the past five years (8.29% vs 5.66% CAGR).
•ES pays the higher dividend yield (4.30% vs 3.09%).

Metrics side by side

Valuation

Metric	CMS	ES
P/E ratio	19.72	15.30
Forward P/E	18.59	15.39
P/S ratio	2.45	1.93
P/B ratio	2.29	1.63
PEG ratio	3.48	0.15
EV / EBITDA	13.96	10.31
FCF yield	N/A	0.88%

Profitability

Metric	CMS	ES
Gross margin	64.61%	30.13%
Operating margin	19.53%	22.52%
Net margin	12.55%	12.55%
ROE	11.69%	10.58%
ROIC	3.67%	4.68%

Dividends

Metric	CMS	ES
Dividend yield	3.09%	4.30%
Payout ratio	63.03%	67.54%

Growth (annualized)

Metric	CMS	ES
Revenue CAGR (5Y)	5.66%	8.29%
EPS CAGR (5Y)	5.90%	5.08%
FCF CAGR (5Y)	-16.59%	20.98%
Total return CAGR (5Y)	6.32%	0.26%

Frequently asked

Which has the lower trailing P/E, CMS or ES?: ES has the lower trailing P/E: CMS trades at 19.72 and ES at 15.30. 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 5.66% CAGR versus ES at 8.29%.
Does CMS or ES pay a bigger dividend?: CMS yields 3.09% and ES yields 4.30% based on trailing dividends and the latest price.
How have CMS and ES total returns compared?: Over the past 10 years, CMS delivered 7.91% and ES delivered 5.67% 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 August 1, 2026.