CMS Energy (CMS) vs Eversource Energy (D/B/A) (ES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Eversource Energy (D/B/A) (ES) has outperformed CMS Energy (CMS) over the past year, losing 10.4% versus a loss of 11.8%. Over five years, CMS leads with a +7.9% price change compared with -24.5% for ES. Eversource Energy (D/B/A) is the larger company by market cap ($24.57 billion vs $20.40 billion), about 1.2 times the size.
On valuation, Eversource Energy (D/B/A) trades at a lower forward P/E (13.3x vs 15.7x for CMS Energy). Eversource Energy (D/B/A) offers the higher dividend yield (4.72% vs 3.42%). Eversource Energy (D/B/A) converts more of its revenue into profit, with a net margin of 12.5% versus 12.5%.
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 | ES |
|---|---|---|
| Share price | $65.07 | $65.24 |
| Market cap | $20.40B | $24.57B |
| 1-day change | 0.00% | -0.03% |
| YTD return | -6.95% | -3.10% |
| 1-year return | -11.78% | -10.43% |
| 5-year return | +7.91% | -24.50% |
| P/E ratio (TTM) | 19.54 | 16.90 |
| Forward P/E | 15.66 | 13.27 |
| EPS (TTM) | $3.33 | $3.86 |
| Dividend yield | 3.42% | 4.72% |
| Annual dividend | $2.23 | $3.08 |
| Revenue (latest FY) | $8.54B | $13.55B |
| Revenue growth (YoY) | +13.63% | +13.83% |
| Net income (latest FY) | $1.07B | $1.70B |
| Operating margin | 20.22% | 22.06% |
| Net margin | 12.54% | 12.55% |
| 52-week high | $80.36 | $76.57 |
| 52-week low | $62.29 | $62.72 |
| Distance from 52-week high | -19.03% | -14.80% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +19.23% | +12.28% |
| Average volume | 3.71M | 2.27M |
| Shares outstanding | 313.58M | 376.67M |
| Employees | 8,350 | 10,731 |
| 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
- Eversource Energy (D/B/A) offers a meaningfully higher dividend yield (4.72% 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 Eversource Energy (D/B/A)
ES stock →Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments.
Utilities · Electric Utilities: Central · 10,731 employees
CMS vs ES FAQ
Which is bigger, CMS Energy or Eversource Energy (D/B/A)?
Eversource Energy (D/B/A) (ES) is larger, with a market capitalization of $24.57B compared with $20.40B for CMS Energy (CMS).
Which stock has performed better over the past year, CMS or ES?
ES returned -10.43% 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 ES?
ES has the lower trailing P/E at 16.9, 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 Eversource Energy (D/B/A)?
Eversource Energy (D/B/A) has the higher yield at 4.72%, compared with 3.42% for CMS Energy.
Are CMS Energy and Eversource Energy (D/B/A) in the same industry?
Both are in the Utilities sector, but in different industries: Power Generation for CMS Energy and Electric Utilities: Central for Eversource Energy (D/B/A).