CMS Energy (CMS) vs Pacific Gas & Electric (PCG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
CMS Energy (CMS) has outperformed Pacific Gas & Electric (PCG) over the past year, losing 11.8% versus a loss of 21.0%. Over five years, PCG leads with a +14.2% price change compared with +7.9% for CMS. Pacific Gas & Electric is the larger company by market cap ($38.04 billion vs $20.49 billion), about 1.9 times the size, while CMS Energy is growing revenue faster (+13.6% vs +2.1%).
On valuation, Pacific Gas & Electric trades at a lower forward P/E (7.0x vs 15.7x for CMS Energy). CMS Energy offers the higher dividend yield (3.40% vs 1.38%). CMS Energy converts more of its revenue into profit, with a net margin of 12.5% versus 10.8%.
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 | PCG |
|---|---|---|
| Share price | $65.35 | $12.67 |
| Market cap | $20.49B | $38.04B |
| 1-day change | +0.43% | -0.94% |
| YTD return | -6.95% | -20.41% |
| 1-year return | -11.78% | -21.05% |
| 5-year return | +7.91% | +14.20% |
| P/E ratio (TTM) | 19.62 | 9.18 |
| Forward P/E | 15.73 | 7.03 |
| EPS (TTM) | $3.33 | $1.38 |
| Dividend yield | 3.40% | 1.38% |
| Annual dividend | $2.23 | $0.175 |
| Revenue (latest FY) | $8.54B | $24.93B |
| Revenue growth (YoY) | +13.63% | +2.11% |
| Net income (latest FY) | $1.07B | $2.70B |
| Operating margin | 20.22% | 19.05% |
| Net margin | 12.54% | 10.84% |
| 52-week high | $80.36 | $19.16 |
| 52-week low | $62.29 | $11.77 |
| Distance from 52-week high | -18.68% | -33.87% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.71% | +48.46% |
| Average volume | 3.71M | 36.62M |
| Shares outstanding | 313.58M | 2.20B |
| Employees | 8,350 | 29,010 |
| 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
- CMS Energy trades at a higher earnings multiple (19.6x vs 9.2x trailing P/E).
- CMS Energy offers a meaningfully higher dividend yield (3.40% vs 1.38%).
- CMS Energy grew revenue faster in its latest fiscal year (+13.63% vs +2.11%).
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 Pacific Gas & Electric
PCG stock →PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources.
Utilities · Power Generation · 29,010 employees
CMS vs PCG FAQ
Which is bigger, CMS Energy or Pacific Gas & Electric?
Pacific Gas & Electric (PCG) is larger, with a market capitalization of $38.04B compared with $20.49B for CMS Energy (CMS).
Which stock has performed better over the past year, CMS or PCG?
CMS returned -11.78% over the past 12 months, compared with -21.05% for PCG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CMS or PCG?
PCG has the lower trailing P/E at 9.2, versus 19.6 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 Pacific Gas & Electric?
CMS Energy has the higher yield at 3.40%, compared with 1.38% for Pacific Gas & Electric.
Are CMS Energy and Pacific Gas & Electric in the same industry?
Yes. Both are classified in the Power Generation industry within the Utilities sector.