Is CMS or NRG cheaper?

On trailing earnings, CMS is cheaper: CMS trades at a 20.10 P/E and NRG at 158.89.

Which has grown faster, CMS or NRG?

Over the past five years, NRG grew revenue faster — CMS at a 5.66% CAGR versus NRG at 16.42%.

Does CMS or NRG pay a bigger dividend?

CMS yields 3.03% and NRG yields 1.35% based on trailing dividends and the latest price.

Is CMS or NRG more profitable?

CMS runs the higher net margin — CMS at 12.55% versus NRG at 0.74%.

Which has been the better investment, CMS or NRG?

Over the past 10-year, NRG delivered the higher annualized total return — CMS at 8.45% versus NRG at 27.69%. Past performance doesn't predict future results.

CMS Energy Corporation (CMS) vs NRG Energy, Inc. (NRG)

CMS leads on 9 of 15 compared metrics.

A side-by-side comparison of CMS Energy Corporation and NRG Energy, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CMS

CMS Energy Corporation

Total return — CMS vs NRG

growth of $100 · last 23y

CMS +864.3%NRG +1302.5%NRG compounded faster

CMS NRG

CMS vs NRG: by the numbers

•NRG is the larger company ($28.50B vs $22.67B market cap).
•CMS trades at the lower earnings multiple (20.10 vs 158.89 P/E).
•CMS converts more revenue to profit (12.55% vs 0.74% net margin).
•NRG grew revenue faster over the past five years (16.42% vs 5.66% CAGR).
•CMS pays the higher dividend yield (3.03% vs 1.35%).

Which is better, CMS or NRG?

Metric tally: CMS 9 · NRG 6

It depends on what you're optimizing for:

ValueCMS(lower P/E)

GrowthNRG(faster 5Y revenue CAGR)

IncomeCMS(higher dividend yield)

QualityNRG(higher ROIC)

Metrics side by side

Valuation

Metric	CMS	NRG
P/E ratio	20.10●	158.89
Forward P/E	17.58	—
P/S ratio	2.50	0.87●
P/B ratio	2.33●	5.76
PEG ratio	3.48●	10.97
EV / EBITDA	12.65●	19.90

Profitability

Metric	CMS	NRG
Gross margin	64.61%●	17.07%
Operating margin	19.53%●	3.00%
Net margin	12.55%●	0.74%
ROE	11.69%●	4.90%
ROIC	3.67%	7.00%●

Dividends

Metric	CMS	NRG
Dividend yield	3.03%●	1.35%
Payout ratio	63.03%	44.74%

Growth (annualized)

Metric	CMS	NRG
Revenue CAGR (5Y)	5.66%	16.42%●
EPS CAGR (5Y)	5.90%	14.48%●
FCF CAGR (5Y)	-16.59%	-13.77%●
Total return CAGR (5Y)	8.05%	33.27%●

Frequently asked

Which is better, CMS or NRG?: It depends on your goal. value: CMS (lower P/E); growth: NRG (faster 5Y revenue CAGR); income: CMS (higher dividend yield); quality: NRG (higher ROIC). Across all compared metrics, CMS leads 9 to 6.
Is CMS or NRG cheaper?: On trailing earnings, CMS is cheaper: CMS trades at a 20.10 P/E and NRG at 158.89.
Which has grown faster, CMS or NRG?: Over the past five years, NRG grew revenue faster — CMS at a 5.66% CAGR versus NRG at 16.42%.
Does CMS or NRG pay a bigger dividend?: CMS yields 3.03% and NRG yields 1.35% based on trailing dividends and the latest price.
Is CMS or NRG more profitable?: CMS runs the higher net margin — CMS at 12.55% versus NRG at 0.74%.
Which has been the better investment, CMS or NRG?: Over the past 10-year, NRG delivered the higher annualized total return — CMS at 8.45% versus NRG at 27.69%. Past performance doesn't predict future results.

Go deeper

Full CMS analysis Full NRG analysis Interactive comparison tool

Dig into the metrics

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

CMS Energy & NRG Energy appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Best 10-Year Total Return 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 20, 2026.