Which has the lower trailing P/E, CMS or NRG?

CMS has the lower trailing P/E: CMS trades at 19.33 and NRG at 27.21. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CMS or NRG?

Over the past five years, NRG grew revenue faster — CMS at a 5.09% CAGR versus NRG at 15.13%.

Does CMS or NRG pay a bigger dividend?

CMS yields 3.35% and NRG yields 1.64% based on trailing dividends and the latest price.

Is CMS or NRG more profitable?

CMS runs the higher net margin — CMS at 11.64% versus NRG at 2.31%.

How have CMS and NRG total returns compared?

Over the past 10 years, CMS delivered 8.14% and NRG delivered 28.22% annualized total return. Past performance doesn't predict future results.

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

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 September 13, 2026. Differences are shown without an overall score or investment verdict.

CMS

CMS Energy Corporation

$20.49B

$65.34UtilitiesDelayed quote: Sep 18, 2026, 4:00 PM EDT

NRG

NRG Energy, Inc.

$21.87B

$103.66UtilitiesDelayed quote: Sep 18, 2026, 4:00 PM EDT

Total return — CMS vs NRG

growth of $100 · dividends reinvested · last 10y

CMS +110.9% (+7.7%/yr)NRG +1064.5% (+27.8%/yr)NRG compounded faster over this window

Log scale — wide-divergence pair

CMS NRG

CMS vs NRG: by the numbers

•NRG is the larger company ($21.87B vs $20.49B market cap).
•CMS trades at the lower trailing earnings multiple (19.33 vs 27.21 P/E), one valuation lens rather than an overall verdict.
•CMS converts more revenue to profit (11.64% vs 2.31% net margin).
•NRG grew revenue faster over the past five years (15.13% vs 5.09% CAGR).
•CMS pays the higher dividend yield (3.35% vs 1.64%).

Metrics side by side

Valuation

Metric	CMS	NRG
P/E ratio	19.33	27.21
Forward P/E	16.88	11.66
P/S ratio	2.32	0.60
P/B ratio	2.10	4.50
EV / EBITDA	13.87	10.79
FCF yield	N/A	1.59%

Profitability

Metric	CMS	NRG
Gross margin	60.91%	16.42%
Operating margin	18.95%	5.38%
Net margin	11.64%	2.31%
ROE	10.50%	17.49%
ROIC	3.41%	5.38%

Dividends

Metric	CMS	NRG
Dividend yield	3.35%	1.64%
Payout ratio	66.64%	48.95%

Growth (annualized)

Metric	CMS	NRG
Revenue CAGR (5Y)	5.09%	15.13%
EPS CAGR (5Y)	5.90%	14.48%
FCF CAGR (5Y)	-16.59%	-22.77%
Total return CAGR (5Y)	4.27%	24.35%

Frequently asked

Which has the lower trailing P/E, CMS or NRG?: CMS has the lower trailing P/E: CMS trades at 19.33 and NRG at 27.21. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CMS or NRG?: Over the past five years, NRG grew revenue faster — CMS at a 5.09% CAGR versus NRG at 15.13%.
Does CMS or NRG pay a bigger dividend?: CMS yields 3.35% and NRG yields 1.64% based on trailing dividends and the latest price.
Is CMS or NRG more profitable?: CMS runs the higher net margin — CMS at 11.64% versus NRG at 2.31%.
How have CMS and NRG total returns compared?: Over the past 10 years, CMS delivered 8.14% and NRG delivered 28.22% annualized total return. 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 Highest 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 September 13, 2026.