CMS Energy (CMS) vs Emera (EMA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Emera (EMA) has outperformed CMS Energy (CMS) over the past year, losing 4.8% versus a loss of 11.8%. Over five years, CMS leads with a +7.9% price change compared with -3.3% for EMA. CMS Energy is the larger company by market cap ($20.40 billion vs $14.07 billion), about 1.5 times the size.
On valuation, CMS Energy trades at a lower forward P/E (15.7x vs 17.7x for Emera). Emera offers the higher dividend yield (6.38% vs 3.42%).
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 | EMA |
|---|---|---|
| Share price | $65.07 | $45.81 |
| Market cap | $20.40B | $14.07B |
| 1-day change | 0.00% | -1.78% |
| YTD return | -6.95% | -6.97% |
| 1-year return | -11.78% | -4.82% |
| 5-year return | +7.91% | -3.25% |
| P/E ratio (TTM) | 19.54 | 20.00 |
| Forward P/E | 15.66 | 17.70 |
| EPS (TTM) | $3.33 | $2.29 |
| Dividend yield | 3.42% | 6.38% |
| Annual dividend | $2.23 | $2.92 |
| Revenue (latest FY) | $8.54B | — |
| Revenue growth (YoY) | +13.63% | — |
| Net income (latest FY) | $1.07B | — |
| Operating margin | 20.22% | — |
| Net margin | 12.54% | — |
| 52-week high | $80.36 | $55.49 |
| 52-week low | $62.29 | $45.56 |
| Distance from 52-week high | -19.03% | -17.44% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +19.23% | +15.70% |
| Average volume | 3.70M | 466.96K |
| Shares outstanding | 313.58M | 307.15M |
| Employees | 8,350 | 7,812 |
| 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
- Emera offers a meaningfully higher dividend yield (6.38% vs 3.42%).
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 Emera
EMA stock →Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments.
Utilities · Electric Utilities: Central · 7,812 employees
CMS vs EMA FAQ
Which is bigger, CMS Energy or Emera?
CMS Energy (CMS) is larger, with a market capitalization of $20.40B compared with $14.07B for Emera (EMA).
Which stock has performed better over the past year, CMS or EMA?
EMA returned -4.82% 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 EMA?
CMS has the lower trailing P/E at 19.5, versus 20.0 for EMA. 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 Emera?
Emera has the higher yield at 6.38%, compared with 3.42% for CMS Energy.
Are CMS Energy and Emera in the same industry?
Both are in the Utilities sector, but in different industries: Power Generation for CMS Energy and Electric Utilities: Central for Emera.