Is CMS or ES cheaper?

On trailing earnings, ES is cheaper: CMS trades at a 20.28 P/E and ES at 14.91.

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 3.01% and ES yields 4.41% based on trailing dividends and the latest price.

Which has been the better investment, CMS or ES?

Over the past 10-year, CMS delivered the higher annualized total return — CMS at 8.58% versus ES at 5.72%. Past performance doesn't predict future results.

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

ES leads on 11 of 15 compared metrics.

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 June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CMS

CMS Energy Corporation

Total return — CMS vs ES

growth of $100 · last 30y

CMS +150.9%ES +393.9%ES compounded faster

CMS ES

CMS vs ES: by the numbers

•ES is the larger company ($26.25B vs $22.87B market cap).
•ES trades at the lower earnings multiple (14.91 vs 20.28 P/E).
•ES grew revenue faster over the past five years (8.29% vs 5.66% CAGR).
•ES pays the higher dividend yield (4.41% vs 3.01%).

Which is better, CMS or ES?

Metric tally: CMS 4 · ES 11

It depends on what you're optimizing for:

ValueES(lower P/E)

GrowthES(faster 5Y revenue CAGR)

IncomeES(higher dividend yield)

QualityES(higher ROIC)

Metrics side by side

Valuation

Metric	CMS	ES
P/E ratio	20.28	14.91●
Forward P/E	17.74	14.14●
P/S ratio	2.52	1.89●
P/B ratio	2.35	1.59●
PEG ratio	3.45	0.15●
EV / EBITDA	12.71	10.00●
FCF yield	—	0.90%

Profitability

Metric	CMS	ES
Gross margin	64.61%●	39.87%
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	3.01%	4.41%●
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)	7.67%●	0.77%

Frequently asked

Which is better, CMS or ES?: It depends on your goal. value: ES (lower P/E); growth: ES (faster 5Y revenue CAGR); income: ES (higher dividend yield); quality: ES (higher ROIC). Across all compared metrics, ES leads 11 to 4.
Is CMS or ES cheaper?: On trailing earnings, ES is cheaper: CMS trades at a 20.28 P/E and ES at 14.91.
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 3.01% and ES yields 4.41% based on trailing dividends and the latest price.
Which has been the better investment, CMS or ES?: Over the past 10-year, CMS delivered the higher annualized total return — CMS at 8.58% versus ES at 5.72%. 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 Dividend Aristocrats 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 17, 2026.