CMS Energy (CMS) vs DTE Energy (DTE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
DTE Energy (DTE) has outperformed CMS Energy (CMS) over the past year, losing 10.7% versus a loss of 11.5%. Over five years, DTE leads with a +11.3% price change compared with +8.3% for CMS. DTE Energy is the larger company by market cap ($26.48 billion vs $20.40 billion), about 1.3 times the size.
On valuation, DTE Energy trades at a lower forward P/E (15.2x vs 15.7x for CMS Energy). DTE Energy offers the higher dividend yield (3.60% vs 3.42%). CMS Energy converts more of its revenue into profit, with a net margin of 12.5% versus 9.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CMS | DTE |
|---|---|---|
| Share price | $65.07 | $127.24 |
| Market cap | $20.40B | $26.48B |
| 1-day change | 0.00% | -0.76% |
| YTD return | -6.62% | -1.35% |
| 1-year return | -11.47% | -10.65% |
| 5-year return | +8.29% | +11.34% |
| P/E ratio (TTM) | 19.54 | 20.16 |
| Forward P/E | 15.66 | 15.21 |
| EPS (TTM) | $3.33 | $6.31 |
| Dividend yield | 3.42% | 3.60% |
| Annual dividend | $2.23 | $4.59 |
| Revenue (latest FY) | $8.54B | $15.81B |
| Revenue growth (YoY) | +13.63% | +26.95% |
| Net income (latest FY) | $1.07B | $1.46B |
| Operating margin | 20.22% | 15.01% |
| Net margin | 12.54% | 9.24% |
| 52-week high | $80.36 | $155.75 |
| 52-week low | $62.29 | $119.68 |
| Distance from 52-week high | -19.03% | -18.30% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.23% | +19.99% |
| Average volume | 3.71M | 1.52M |
| Shares outstanding | 313.58M | 208.09M |
| Employees | 8,350 | 9,592 |
| Sector | Utilities | Utilities |
| Industry | Power Generation | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- DTE Energy grew revenue faster in its latest fiscal year (+26.95% vs +13.63%).
About CMS Energy
CMS stock →CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and NorthStar Clean Energy.
Utilities · Power Generation · 8,350 employees
About DTE Energy
DTE stock →DTE Energy Company engages in energy-related businesses and services. The company operates through four segments: Electric, Gas, DTE Vantage, and Energy Trading.The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan.
Utilities · Electric Utilities: Central · 9,592 employees
CMS vs DTE FAQ
Which is bigger, CMS Energy or DTE Energy?
DTE Energy (DTE) is larger, with a market capitalization of $26.48B compared with $20.40B for CMS Energy (CMS).
Which stock has performed better over the past year, CMS or DTE?
DTE returned -10.65% over the past 12 months, compared with -11.47% for CMS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMS or DTE?
CMS has the lower trailing P/E at 19.5, versus 20.2 for DTE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, CMS Energy or DTE Energy?
DTE Energy has the higher yield at 3.60%, compared with 3.42% for CMS Energy.
Are CMS Energy and DTE Energy in the same industry?
Both are in the Utilities sector, but in different industries: Power Generation for CMS Energy and Electric Utilities: Central for DTE Energy.