CMS Energy Corporation (CMS) vs FirstEnergy Corp. (FE)
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 September 11, 2026. Differences are shown without an overall score or investment verdict.
CMS
CMS Energy Corporation
$67.15UtilitiesDelayed quote: Sep 11, 2026, 4:00 PM EDT
FE
FirstEnergy Corp.
$46.12UtilitiesDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — CMS vs FE
growth of $100 · dividends reinvested · last 10yCMS +112.7% (+7.8%/yr)FE +108.0% (+7.6%/yr)CMS compounded faster over this window
CMS FE
CMS vs FE: by the numbers
- •FE is the larger company ($26.69B vs $21.06B market cap).
- •CMS trades at the lower trailing earnings multiple (19.87 vs 24.59 P/E), one valuation lens rather than an overall verdict.
- •CMS converts more revenue to profit (11.64% vs 6.86% net margin).
- •FE grew revenue faster over the past five years (7.73% vs 5.09% CAGR).
- •FE pays the higher dividend yield (3.93% vs 3.33%).
Metrics side by side
Valuation
| Metric | CMS | FE |
|---|---|---|
| P/E ratio | 19.87 | 24.59 |
| Forward P/E | 17.35 | 16.89 |
| P/S ratio | 2.39 | 1.69 |
| P/B ratio | 2.15 | 2.06 |
| EV / EBITDA | 14.07 | 11.88 |
Profitability
| Metric | CMS | FE |
|---|---|---|
| Gross margin | 60.91% | 53.43% |
| Operating margin | 18.95% | 18.57% |
| Net margin | 11.64% | 6.86% |
| ROE | 10.50% | 8.40% |
| ROIC | 3.41% | 4.43% |
Dividends
| Metric | CMS | FE |
|---|---|---|
| Dividend yield | 3.33% | 3.93% |
| Payout ratio | 66.64% | 97.06% |
Growth (annualized)
| Metric | CMS | FE |
|---|---|---|
| Revenue CAGR (5Y) | 5.09% | 7.73% |
| EPS CAGR (5Y) | 5.90% | -2.32% |
| FCF CAGR (5Y) | -16.59% | 122.43% |
| Total return CAGR (5Y) | 4.44% | 8.50% |
Frequently asked
- Which has the lower trailing P/E, CMS or FE?
- CMS has the lower trailing P/E: CMS trades at 19.87 and FE at 24.59. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CMS or FE?
- Over the past five years, FE grew revenue faster — CMS at a 5.09% CAGR versus FE at 7.73%.
- Does CMS or FE pay a bigger dividend?
- CMS yields 3.33% and FE yields 3.93% based on trailing dividends and the latest price.
- Is CMS or FE more profitable?
- CMS runs the higher net margin — CMS at 11.64% versus FE at 6.86%.
- How have CMS and FE total returns compared?
- Over the past 10 years, CMS delivered 8.22% and FE delivered 7.92% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CMS Energy P/E ratioFirstEnergy P/E ratioCMS Energy dividend yieldFirstEnergy dividend yieldCMS Energy ROEFirstEnergy ROECMS Energy operating marginFirstEnergy operating marginCMS Energy revenue growthFirstEnergy revenue growthCMS Energy free cash flowFirstEnergy free cash flow
CMS Energy & FirstEnergy 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 11, 2026.