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CMS vs. DTE: CMS Energy vs. DTE Energy Stock Comparison

How do CMS Energy (CMS) and DTE Energy (DTE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CMS Energy (CMS) and DTE Energy (DTE) are both classified in the Multi-Utilities sub-industry within the broader Multi-Utilities industry, placing them in the closest GICS peer bucket.

Company profile comparison for CMS Energy (CMS) and DTE Energy (DTE)
Profile ItemCMSDTE
NameCMS Energy Corporation Common StockDTE Energy Company
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesMulti-Utilities
GICS Sub-IndustryMulti-UtilitiesMulti-Utilities
Market Capitalization21.70 billion USD28.12 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973January 2, 1962
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CMS
DTE
GSPC
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CMS Energy (CMS) vs. DTE Energy (DTE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CMS Energy (CMS) and DTE Energy (DTE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CMS Energy (CMS) and DTE Energy (DTE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
Total Return (1Y)-1.93%4.52%
Total Return (3Y, Annualized)11.79%15.85%
Total Return (5Y, Annualized)6.25%7.71%

Risk Profile

Drawdown History

CMS
DTE
GSPC
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CMS Energy (CMS) vs. DTE Energy (DTE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CMS Energy (CMS) and DTE Energy (DTE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
Volatility (1Y, Annualized)17.58%17.96%
Beta (5Y)0.310.34
Max Drawdown (5Y)-28.04%-28.92%
Avg. Volume (3M)3.84M1.52M

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and DTE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
Sharpe Ratio (1Y)-0.350.01
Sortino Ratio (1Y)-0.490.02

Profitability

ROE (TTM)

DTE Energy (DTE) at 11.02% is around its peer norm for ROE, while CMS Energy (CMS) at 5.31% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

CMS

Utilities industry group

5.31%

Max
17.99%
Q3
12.01%
Median
9.44%
Q1
7.56%
CMS
5.31%
Min
2.17%

DTE

Utilities industry group

11.02%

Max
17.99%
Q3
12.01%
DTE
11.02%
Median
9.44%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

CMS Energy (CMS) at 9.72% keeps about the industry-typical share of revenue as profit, while DTE Energy (DTE) at 8.21% retains only a bottom-quartile share.

CMS

Utilities industry group

9.72%

Max
28.78%
Q3
17.30%
Median
12.73%
CMS
9.72%
Q1
9.18%
Min
-0.20%

DTE

Utilities industry group

8.21%

Max
28.78%
Q3
17.30%
Median
12.73%
Q1
9.18%
DTE
8.21%
Min
-0.20%
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both CMS Energy (CMS) at 28.45% and DTE Energy (DTE) at 16.21% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CMS

Utilities industry group

28.45%

Max
53.83%
Q3
31.12%
CMS
28.45%
Median
23.62%
Q1
15.45%
Min
-4.90%

DTE

Utilities industry group

16.21%

Max
53.83%
Q3
31.12%
Median
23.62%
DTE
16.21%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
ROE (TTM)5.31%11.02%
ROA (TTM)3.07%2.62%
Net Margin (TTM)9.72%8.21%
Operating Margin (TTM)28.45%16.21%
Gross Margin (TTM)40.76%28.89%

Growth

Revenue Growth

Both CMS Energy (CMS) at 13.63% and DTE Energy (DTE) at 26.95% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both CMS Energy (CMS) at 4.19% and DTE Energy (DTE) at 3.84% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
Revenue Growth (YoY)13.63%26.95%
Revenue Growth (3Y CAGR)-0.22%-6.31%
EPS Growth (YoY)4.19%3.84%
EPS Growth (3Y CAGR)6.84%8.39%

Financial Strength

Current Ratio (MRQ)

CMS Energy (CMS) at 0.95 keeps current ratio within its industry’s typical mid-range, while DTE Energy (DTE) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DTE.

CMS

Utilities industry group

0.95

Max
1.90
Q3
1.17
CMS
0.95
Median
0.88
Q1
0.66
Min
0.29

DTE

Utilities industry group

0.62

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
DTE
0.62
Min
0.29
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both CMS Energy (CMS) at 1.96 and DTE Energy (DTE) at 2.27 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

CMS

Utilities industry group

1.96

Max
2.63
CMS
1.96
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00

DTE

Utilities industry group

2.27

Max
2.63
DTE
2.27
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
Current Ratio (MRQ)0.950.62
Debt / Equity (MRQ)1.962.27
Net Debt / EBITDA6.338.00

Dividends

Dividend Yield (TTM)

Both CMS Energy (CMS) at 3.21% and DTE Energy (DTE) at 3.46% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CMS

Utilities industry group

3.21%

Max
6.66%
Q3
3.58%
CMS
3.21%
Median
2.85%
Q1
0.66%
Min
0.00%

DTE

Utilities industry group

3.46%

Max
6.66%
Q3
3.58%
DTE
3.46%
Median
2.85%
Q1
0.66%
Min
0.00%
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both CMS Energy (CMS) at 80.45% and DTE Energy (DTE) at 71.04% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CMS

Utilities industry group

80.45%

Max
113.04%
CMS
80.45%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%

DTE

Utilities industry group

71.04%

Max
113.04%
DTE
71.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
Dividend Yield (TTM)3.21%3.46%
Dividend Payout Ratio (TTM)80.45%71.04%

Valuation

P/E Ratio (TTM)

DTE Energy (DTE) at 20.59 is near its industry’s usual P/E ratio, while CMS Energy (CMS) at 24.71 sits in the richer quartile — CMS needs stronger growth or earnings quality to justify the premium.

CMS

Utilities industry group

24.71

Max
31.22
CMS
24.71
Q3
23.30
Median
19.64
Q1
15.17
Min
3.34

DTE

Utilities industry group

20.59

Max
31.22
Q3
23.30
DTE
20.59
Median
19.64
Q1
15.17
Min
3.34
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both CMS Energy (CMS) at 2.42 and DTE Energy (DTE) at 1.69 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CMS

Utilities industry group

2.42

Max
6.35
Q3
3.63
Median
2.63
CMS
2.42
Q1
1.52
Min
0.00

DTE

Utilities industry group

1.69

Max
6.35
Q3
3.63
Median
2.63
DTE
1.69
Q1
1.52
Min
0.00
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Both CMS Energy (CMS) at 2.28 and DTE Energy (DTE) at 2.22 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CMS

Utilities industry group

2.28

Max
3.12
CMS
2.28
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34

DTE

Utilities industry group

2.22

Max
3.12
DTE
2.22
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34
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CMS Energy (CMS) vs. DTE Energy (DTE): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and DTE Energy (DTE)
MetricCMSDTE
P/E Ratio (TTM)24.7120.59
P/S Ratio (TTM)2.421.69
P/B Ratio (MRQ)2.282.22
Free Cash Flow Yield (TTM)-9.54%-9.61%