CMS Energy Corporation (CMS) vs Evergy, Inc. (EVRG)
A side-by-side comparison of CMS Energy Corporation and Evergy, Inc. 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
$64.27UtilitiesDelayed quote: Sep 22, 2026, 4:00 PM EDT
EVRG
Evergy, Inc.
$79.27UtilitiesDelayed quote: Sep 22, 2026, 4:00 PM EDT
Total return — CMS vs EVRG
growth of $100 · dividends reinvested · last 10yCMS +111.0% (+7.8%/yr)EVRG +111.9% (+7.8%/yr)EVRG compounded faster over this window
CMS EVRG
CMS vs EVRG: by the numbers
- •CMS is the larger company ($20.15B vs $18.27B market cap).
- •CMS trades at the lower trailing earnings multiple (19.01 vs 20.07 P/E), one valuation lens rather than an overall verdict.
- •EVRG converts more revenue to profit (15.26% vs 11.64% net margin).
- •CMS grew revenue faster over the past five years (5.09% vs 2.13% CAGR).
- •EVRG pays the higher dividend yield (3.41% vs 3.35%).
Metrics side by side
Valuation
| Metric | CMS | EVRG |
|---|---|---|
| P/E ratio | 19.01 | 20.07 |
| Forward P/E | 16.60 | 18.63 |
| P/S ratio | 2.29 | 3.01 |
| P/B ratio | 2.06 | 1.79 |
| EV / EBITDA | 13.75 | 12.52 |
Profitability
| Metric | CMS | EVRG |
|---|---|---|
| Gross margin | 60.91% | 40.06% |
| Operating margin | 18.95% | 25.88% |
| Net margin | 11.64% | 15.26% |
| ROE | 10.50% | 9.06% |
| ROIC | 3.41% | 4.51% |
Dividends
| Metric | CMS | EVRG |
|---|---|---|
| Dividend yield | 3.35% | 3.41% |
| Payout ratio | 66.64% | 70.38% |
Growth (annualized)
| Metric | CMS | EVRG |
|---|---|---|
| Revenue CAGR (5Y) | 5.09% | 2.13% |
| EPS CAGR (5Y) | 5.90% | 6.41% |
| FCF CAGR (5Y) | -16.59% | N/A |
| Total return CAGR (5Y) | 4.27% | 8.32% |
Frequently asked
- Which has the lower trailing P/E, CMS or EVRG?
- CMS has the lower trailing P/E: CMS trades at 19.01 and EVRG at 20.07. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CMS or EVRG?
- Over the past five years, CMS grew revenue faster — CMS at a 5.09% CAGR versus EVRG at 2.13%.
- Does CMS or EVRG pay a bigger dividend?
- CMS yields 3.35% and EVRG yields 3.41% based on trailing dividends and the latest price.
- Is CMS or EVRG more profitable?
- EVRG runs the higher net margin — CMS at 11.64% versus EVRG at 15.26%.
- How have CMS and EVRG total returns compared?
- Over the past 10 years, CMS delivered 8.14% and EVRG delivered 7.86% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CMS Energy P/E ratioEvergy P/E ratioCMS Energy dividend yieldEvergy dividend yieldCMS Energy ROEEvergy ROECMS Energy operating marginEvergy operating marginCMS Energy revenue growthEvergy revenue growthCMS Energy free cash flowEvergy free cash flow
CMS Energy & Evergy appear in these rankings
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.