CMS Energy (CMS) vs Exelon (EXC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Exelon (EXC) has outperformed CMS Energy (CMS) over the past year, losing 10.9% versus a loss of 11.8%. Over five years, EXC leads with a +17.3% price change compared with +8.3% for CMS. Exelon is the larger company by market cap ($42.75 billion vs $20.40 billion), about 2.1 times the size, while CMS Energy is growing revenue faster (+13.6% vs +5.3%).
On valuation, Exelon trades at a lower forward P/E (13.7x vs 15.7x for CMS Energy). Exelon offers the higher dividend yield (3.95% vs 3.42%). CMS Energy converts more of its revenue into profit, with a net margin of 12.5% versus 11.4%.
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 | EXC |
|---|---|---|
| Share price | $65.07 | $41.49 |
| Market cap | $20.40B | $42.75B |
| 1-day change | 0.00% | -0.46% |
| YTD return | -6.95% | -4.37% |
| 1-year return | -11.78% | -10.91% |
| 5-year return | +8.29% | +17.33% |
| P/E ratio (TTM) | 19.54 | 15.25 |
| Forward P/E | 15.66 | 13.66 |
| EPS (TTM) | $3.33 | $2.72 |
| Dividend yield | 3.42% | 3.95% |
| Annual dividend | $2.23 | $1.64 |
| Revenue (latest FY) | $8.54B | $24.26B |
| Revenue growth (YoY) | +13.63% | +5.34% |
| Net income (latest FY) | $1.07B | $2.77B |
| Operating margin | 20.22% | 21.22% |
| Net margin | 12.54% | 11.41% |
| 52-week high | $80.36 | $50.65 |
| 52-week low | $62.29 | $39.73 |
| Distance from 52-week high | -19.03% | -18.08% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +19.23% | +16.97% |
| Average volume | 3.71M | 7.92M |
| Shares outstanding | 313.58M | 1.03B |
| Employees | 8,350 | 20,571 |
| 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
- Exelon is about 2.1 times larger than CMS Energy by market value ($42.75B vs $20.40B).
- CMS Energy trades at a higher earnings multiple (19.5x vs 15.3x trailing P/E).
- CMS Energy grew revenue faster in its latest fiscal year (+13.63% vs +5.34%).
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 Exelon
EXC stock →Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States. The company is involved in the purchase and regulated retail sale of electricity and natural gas; transmission and distribution of electricity; and distribution of natural gas to retail customers.
Utilities · Power Generation · 20,571 employees
CMS vs EXC FAQ
Which is bigger, CMS Energy or Exelon?
Exelon (EXC) is larger, with a market capitalization of $42.75B compared with $20.40B for CMS Energy (CMS).
Which stock has performed better over the past year, CMS or EXC?
EXC returned -10.91% 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 EXC?
EXC has the lower trailing P/E at 15.3, 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 Exelon?
Exelon has the higher yield at 3.95%, compared with 3.42% for CMS Energy.
Are CMS Energy and Exelon in the same industry?
Yes. Both are classified in the Power Generation industry within the Utilities sector.