Is CMS or EXC cheaper?

On trailing earnings, EXC is cheaper: CMS trades at a 20.16 P/E and EXC at 16.86.

Which has grown faster, CMS or EXC?

Over the past five years, CMS grew revenue faster — CMS at a 5.66% CAGR versus EXC at -3.04%.

Does CMS or EXC pay a bigger dividend?

CMS yields 3.02% and EXC yields 3.55% based on trailing dividends and the latest price.

Is CMS or EXC more profitable?

CMS runs the higher net margin — CMS at 12.55% versus EXC at 11.21%.

Which has been the better investment, CMS or EXC?

Over the past 10-year, EXC delivered the higher annualized total return — CMS at 8.60% versus EXC at 10.28%. Past performance doesn't predict future results.

CMS Energy Corporation (CMS) vs Exelon Corporation (EXC)

EXC leads on 11 of 16 compared metrics.

A side-by-side comparison of CMS Energy Corporation and Exelon Corporation 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

Total return — CMS vs EXC

growth of $100 · last 30y

CMS +151.5%EXC +443.0%EXC compounded faster

CMS EXC

CMS vs EXC: by the numbers

•EXC is the larger company ($47.28B vs $22.73B market cap).
•EXC trades at the lower earnings multiple (16.86 vs 20.16 P/E).
•CMS converts more revenue to profit (12.55% vs 11.21% net margin).
•CMS grew revenue faster over the past five years (5.66% vs -3.04% CAGR).
•EXC pays the higher dividend yield (3.55% vs 3.02%).

Which is better, CMS or EXC?

Metric tally: CMS 5 · EXC 11

It depends on what you're optimizing for:

ValueEXC(lower P/E)

GrowthCMS(faster 5Y revenue CAGR)

IncomeEXC(higher dividend yield)

QualityEXC(higher ROIC)

Valuation

Metric	CMS	EXC
P/E ratio	20.16	16.86●
Forward P/E	17.63	15.25●
P/S ratio	2.51	1.91●
P/B ratio	2.34	1.62●
PEG ratio	3.45	1.35●
EV / EBITDA	12.67	10.94●

Profitability

Metric	CMS	EXC
Gross margin	64.61%●	24.11%
Operating margin	19.53%	21.03%●
Net margin	12.55%●	11.21%
ROE	11.69%●	9.48%
ROIC	3.67%	3.97%●

Dividends

Metric	CMS	EXC
Dividend yield	3.02%	3.55%●
Payout ratio	63.03%	59.85%

Growth (annualized)

Metric	CMS	EXC
Revenue CAGR (5Y)	5.66%●	-3.04%
EPS CAGR (5Y)	5.90%	6.39%●
FCF CAGR (5Y)	-16.59%●	-48.16%
Total return CAGR (5Y)	7.18%	10.50%●

Frequently asked

Which is better, CMS or EXC?: It depends on your goal. value: EXC (lower P/E); growth: CMS (faster 5Y revenue CAGR); income: EXC (higher dividend yield); quality: EXC (higher ROIC). Across all compared metrics, EXC leads 11 to 5.
Is CMS or EXC cheaper?: On trailing earnings, EXC is cheaper: CMS trades at a 20.16 P/E and EXC at 16.86.
Which has grown faster, CMS or EXC?: Over the past five years, CMS grew revenue faster — CMS at a 5.66% CAGR versus EXC at -3.04%.
Does CMS or EXC pay a bigger dividend?: CMS yields 3.02% and EXC yields 3.55% based on trailing dividends and the latest price.
Is CMS or EXC more profitable?: CMS runs the higher net margin — CMS at 12.55% versus EXC at 11.21%.
Which has been the better investment, CMS or EXC?: Over the past 10-year, EXC delivered the higher annualized total return — CMS at 8.60% versus EXC at 10.28%. Past performance doesn't predict future results.

Go deeper

Full CMS analysis Full EXC analysis Interactive comparison tool

Dig into the metrics

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

CMS Energy & Exelon appear in these rankings

Highest Dividend 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.