Is CMS or FE cheaper?

On trailing earnings, CMS is cheaper: CMS trades at a 20.16 P/E and FE at 25.63.

Which has grown faster, CMS or FE?

Over the past five years, FE grew revenue faster — CMS at a 5.66% CAGR versus FE at 7.52%.

Does CMS or FE pay a bigger dividend?

CMS yields 3.02% and FE yields 3.83% based on trailing dividends and the latest price.

Is CMS or FE more profitable?

CMS runs the higher net margin — CMS at 12.55% versus FE at 6.86%.

Which has been the better investment, CMS or FE?

Over the past 10-year, CMS delivered the higher annualized total return — CMS at 8.60% versus FE at 7.77%. Past performance doesn't predict future results.

CMS Energy Corporation (CMS) vs FirstEnergy Corp. (FE)

FE leads on 9 of 16 compared metrics, though CMS is the cheaper stock.

A side-by-side comparison of CMS Energy Corporation and FirstEnergy Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CMS

CMS Energy Corporation

Total return — CMS vs FE

growth of $100 · last 30y

CMS +150.4%FE +124.0%CMS compounded faster

CMS FE

CMS vs FE: by the numbers

•FE is the larger company ($27.20B vs $22.73B market cap).
•CMS trades at the lower earnings multiple (20.16 vs 25.63 P/E).
•CMS converts more revenue to profit (12.55% vs 6.86% net margin).
•FE grew revenue faster over the past five years (7.52% vs 5.66% CAGR).
•FE pays the higher dividend yield (3.83% vs 3.02%).

Which is better, CMS or FE?

Metric tally: CMS 7 · FE 9

It depends on what you're optimizing for:

ValueCMS(lower P/E)

GrowthFE(faster 5Y revenue CAGR)

IncomeFE(higher dividend yield)

QualityFE(higher ROIC)

Valuation

Metric	CMS	FE
P/E ratio	20.16●	25.63
Forward P/E	17.63	15.97●
P/S ratio	2.51	1.76●
P/B ratio	2.34	2.16●
PEG ratio	3.45●	6.15
EV / EBITDA	12.67	12.32●
FCF yield	—	6.58%

Profitability

Metric	CMS	FE
Gross margin	64.61%●	53.77%
Operating margin	19.53%●	18.72%
Net margin	12.55%●	6.86%
ROE	11.69%●	8.42%
ROIC	3.67%	4.46%●

Dividends

Metric	CMS	FE
Dividend yield	3.02%	3.83%●
Payout ratio	63.03%	101.69%

Growth (annualized)

Metric	CMS	FE
Revenue CAGR (5Y)	5.66%	7.52%●
EPS CAGR (5Y)	5.90%●	-2.32%
FCF CAGR (5Y)	-16.59%	7.07%●
Total return CAGR (5Y)	7.18%	8.26%●

Frequently asked

Which is better, CMS or FE?: It depends on your goal. value: CMS (lower P/E); growth: FE (faster 5Y revenue CAGR); income: FE (higher dividend yield); quality: FE (higher ROIC). Across all compared metrics, FE leads 9 to 7.
Is CMS or FE cheaper?: On trailing earnings, CMS is cheaper: CMS trades at a 20.16 P/E and FE at 25.63.
Which has grown faster, CMS or FE?: Over the past five years, FE grew revenue faster — CMS at a 5.66% CAGR versus FE at 7.52%.
Does CMS or FE pay a bigger dividend?: CMS yields 3.02% and FE yields 3.83% based on trailing dividends and the latest price.
Is CMS or FE more profitable?: CMS runs the higher net margin — CMS at 12.55% versus FE at 6.86%.
Which has been the better investment, CMS or FE?: Over the past 10-year, CMS delivered the higher annualized total return — CMS at 8.60% versus FE at 7.77%. Past performance doesn't predict future results.

Go deeper

Full CMS analysis Full FE analysis Interactive comparison tool

Dig into the metrics

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

CMS Energy & FirstEnergy appear in these rankings

Highest Dividend Yield Stocks Highest FCF 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 13, 2026.