CMS Energy (CMS) vs Consolidated Edison (ED)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Consolidated Edison (ED) has outperformed CMS Energy (CMS) over the past year, gaining 4.6% versus a loss of 11.8%. Over five years, ED leads with a +40.5% price change compared with +7.9% for CMS. Consolidated Edison is the larger company by market cap ($38.70 billion vs $20.40 billion), about 1.9 times the size, while CMS Energy is growing revenue faster (+13.6% vs +10.9%).
On valuation, CMS Energy trades at a lower forward P/E (15.7x vs 16.1x for Consolidated Edison). CMS Energy offers the higher dividend yield (3.42% vs 3.32%). CMS Energy converts more of its revenue into profit, with a net margin of 12.5% versus 12.0%.
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 | ED |
|---|---|---|
| Share price | $65.07 | $104.64 |
| Market cap | $20.40B | $38.70B |
| 1-day change | 0.00% | -0.46% |
| YTD return | -6.95% | +5.36% |
| 1-year return | -11.78% | +4.60% |
| 5-year return | +7.91% | +40.51% |
| P/E ratio (TTM) | 19.54 | 16.96 |
| Forward P/E | 15.66 | 16.10 |
| EPS (TTM) | $3.33 | $6.17 |
| Dividend yield | 3.42% | 3.32% |
| Annual dividend | $2.23 | $3.48 |
| Revenue (latest FY) | $8.54B | $16.92B |
| Revenue growth (YoY) | +13.63% | +10.89% |
| Net income (latest FY) | $1.07B | $2.02B |
| Operating margin | 20.22% | 17.35% |
| Net margin | 12.54% | 11.96% |
| 52-week high | $80.36 | $116.23 |
| 52-week low | $62.29 | $94.96 |
| Distance from 52-week high | -19.03% | -9.97% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +19.23% | +4.49% |
| Average volume | 3.71M | 2.20M |
| Shares outstanding | 313.58M | 369.83M |
| Employees | 8,350 | 15,407 |
| Sector | Utilities | Utilities |
| Industry | Power Generation | Power Generation |
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
- ED has outperformed CMS by 16.4 percentage points over the past year.
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 Consolidated Edison
ED stock →Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,490 customers in parts of Manhattan.
Utilities · Power Generation · 15,407 employees
CMS vs ED FAQ
Which is bigger, CMS Energy or Consolidated Edison?
Consolidated Edison (ED) is larger, with a market capitalization of $38.70B compared with $20.40B for CMS Energy (CMS).
Which stock has performed better over the past year, CMS or ED?
ED returned +4.60% over the past 12 months, compared with -11.78% for CMS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMS or ED?
ED has the lower trailing P/E at 17.0, versus 19.5 for CMS. 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 Consolidated Edison?
CMS Energy has the higher yield at 3.42%, compared with 3.32% for Consolidated Edison.
Are CMS Energy and Consolidated Edison in the same industry?
Yes. Both are classified in the Power Generation industry within the Utilities sector.