CEG vs. CMS: Constellation Energy vs. CMS Energy Stock Comparison

Company Profile

Constellation Energy (CEG) and CMS Energy (CMS) both fall under the Utilities industry group, but CEG is classified in Electric Utilities while CMS is classified in Multi-Utilities.

CMS Energy (CMS) has more than two decades of public-market history since February 21, 1973, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while CMS Energy (CMS) at 5.31% is in the bottom quartile, showing a clear gap in returns on equity.

Both Constellation Energy (CEG) at 11.08% and CMS Energy (CMS) at 9.72% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CMS Energy (CMS) at 28.45% runs core operations around its industry’s norm, while Constellation Energy (CEG) at 8.66% operates in the bottom quartile.

Profitability Metrics

Growth

CMS Energy (CMS) at 13.63% sits in the top revenue growth quartile, while Constellation Energy (CEG) at 8.34% is closer to the peer norm — faster top-line expansion for CMS.

CMS Energy (CMS) at 4.19% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

CMS Energy (CMS) at 0.95 keeps current ratio within its industry’s typical mid-range, while Constellation Energy (CEG) at 1.46 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Constellation Energy (CEG) at 0.76 keeps leverage in the lower quartile, while CMS Energy (CMS) at 1.96 sits in the higher-leverage quartile.

Financial Strength Metrics

Dividends

Both Constellation Energy (CEG) at 0.68% and CMS Energy (CMS) at 3.21% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

Constellation Energy (CEG) at 15.92% retains more earnings than its industry usually does; CMS Energy (CMS) at 80.45% distributes an above-typical share — opposite departures from the band, with the risk sitting on CMS’s side.

Dividend Metrics

Valuation

Both Constellation Energy (CEG) at 24.43 and CMS Energy (CMS) at 24.71 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

On P/S ratio, both Constellation Energy (CEG) at 2.83 and CMS Energy (CMS) at 2.42 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

Both Constellation Energy (CEG) at 2.78 and CMS Energy (CMS) at 2.28 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics