CMS Energy (CMS) vs Evergy (EVRG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Evergy (EVRG) has outperformed CMS Energy (CMS) over the past year, gaining 3.4% versus a loss of 11.8%. Over five years, EVRG leads with a +26.8% price change compared with +7.9% for CMS. CMS Energy is the larger company by market cap ($20.40 billion vs $18.51 billion), about 1.1 times the size.
On valuation, CMS Energy trades at a lower forward P/E (15.7x vs 17.6x for Evergy). Evergy offers the higher dividend yield (3.43% vs 3.42%). Evergy converts more of its revenue into profit, with a net margin of 14.4% 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 | EVRG |
|---|---|---|
| Share price | $65.07 | $80.30 |
| Market cap | $20.40B | $18.51B |
| 1-day change | 0.00% | -0.06% |
| YTD return | -6.95% | +10.77% |
| 1-year return | -11.78% | +3.36% |
| 5-year return | +7.91% | +26.84% |
| P/E ratio (TTM) | 19.54 | 20.43 |
| Forward P/E | 15.66 | 17.59 |
| EPS (TTM) | $3.33 | $3.93 |
| Dividend yield | 3.42% | 3.43% |
| Annual dividend | $2.23 | $2.75 |
| Revenue (latest FY) | $8.54B | $5.96B |
| Revenue growth (YoY) | +13.63% | +1.95% |
| Net income (latest FY) | $1.07B | $855.60M |
| Operating margin | 20.22% | 25.71% |
| Net margin | 12.54% | 14.35% |
| 52-week high | $80.36 | $88.62 |
| 52-week low | $62.29 | $71.41 |
| Distance from 52-week high | -19.03% | -9.39% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.23% | +13.77% |
| Average volume | 3.70M | 2.12M |
| Shares outstanding | 313.58M | 230.57M |
| Employees | 8,350 | 4,691 |
| Sector | Utilities | Utilities |
| Industry | Power Generation | Utilities - Regulated Electric |
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
- EVRG has outperformed CMS by 15.1 percentage points over the past year.
- CMS Energy grew revenue faster in its latest fiscal year (+13.63% vs +1.95%).
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 Evergy
EVRG stock →Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources.
Utilities · Utilities - Regulated Electric · 4,691 employees
CMS vs EVRG FAQ
Which is bigger, CMS Energy or Evergy?
CMS Energy (CMS) is larger, with a market capitalization of $20.40B compared with $18.51B for Evergy (EVRG).
Which stock has performed better over the past year, CMS or EVRG?
EVRG returned +3.36% 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 EVRG?
CMS has the lower trailing P/E at 19.5, versus 20.4 for EVRG. 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 Evergy?
Evergy has the higher yield at 3.43%, compared with 3.42% for CMS Energy.
Are CMS Energy and Evergy in the same industry?
Both are in the Utilities sector, but in different industries: Power Generation for CMS Energy and Utilities - Regulated Electric for Evergy.