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CMS vs. ED: CMS Energy vs. Consolidated Edison Stock Comparison

How do CMS Energy (CMS) and Consolidated Edison (ED) 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 Consolidated Edison (ED) 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 Consolidated Edison (ED)
Profile ItemCMSED
NameCMS Energy Corporation Common StockConsolidated Edison Inc.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesMulti-Utilities
GICS Sub-IndustryMulti-UtilitiesMulti-Utilities
Market Capitalization21.70 billion USD44.00 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973January 2, 1962
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CMS
ED
GSPC
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CMS Energy (CMS) vs. Consolidated Edison (ED), 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 Consolidated Edison (ED). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CMS Energy (CMS) and Consolidated Edison (ED)
MetricCMSED
Total Return (1Y)-1.93%24.62%
Total Return (3Y, Annualized)11.79%13.82%
Total Return (5Y, Annualized)6.25%12.66%

Risk Profile

Drawdown History

CMS
ED
GSPC
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CMS Energy (CMS) vs. Consolidated Edison (ED), 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 Consolidated Edison (ED). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and Consolidated Edison (ED)
MetricCMSED
Volatility (1Y, Annualized)17.58%17.94%
Beta (5Y)0.310.23
Max Drawdown (5Y)-28.04%-22.03%
Avg. Volume (3M)3.84M2.21M

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and ED 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 Consolidated Edison (ED)
MetricCMSED
Sharpe Ratio (1Y)-0.351.13
Sortino Ratio (1Y)-0.491.74

Profitability

ROE (TTM)

Consolidated Edison (ED) at 9.10% 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%

ED

Utilities industry group

9.10%

Max
17.99%
Q3
12.01%
Median
9.44%
ED
9.10%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both CMS Energy (CMS) at 9.72% and Consolidated Edison (ED) at 12.70% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CMS

Utilities industry group

9.72%

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

ED

Utilities industry group

12.70%

Max
28.78%
Q3
17.30%
Median
12.73%
ED
12.70%
Q1
9.18%
Min
-0.20%
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both CMS Energy (CMS) at 28.45% and Consolidated Edison (ED) at 26.28% 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%

ED

Utilities industry group

26.28%

Max
53.83%
Q3
31.12%
ED
26.28%
Median
23.62%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and Consolidated Edison (ED)
MetricCMSED
ROE (TTM)5.31%9.10%
ROA (TTM)3.07%3.33%
Net Margin (TTM)9.72%12.70%
Operating Margin (TTM)28.45%26.28%
Gross Margin (TTM)40.76%53.72%

Growth

Revenue Growth

CMS Energy (CMS) at 13.63% sits in the top revenue growth quartile, while Consolidated Edison (ED) at 10.89% is closer to the peer norm — faster top-line expansion for CMS.

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

EPS Growth

Both CMS Energy (CMS) at 4.19% and Consolidated Edison (ED) at 7.63% 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. Consolidated Edison (ED): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CMS Energy (CMS) and Consolidated Edison (ED)
MetricCMSED
Revenue Growth (YoY)13.63%10.89%
Revenue Growth (3Y CAGR)-0.22%2.59%
EPS Growth (YoY)4.19%7.63%
EPS Growth (3Y CAGR)6.84%6.57%

Financial Strength

Current Ratio (MRQ)

CMS Energy (CMS) at 0.95 keeps current ratio within its industry’s typical mid-range, while Consolidated Edison (ED) at 1.18 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CMS

Utilities industry group

0.95

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

ED

Utilities industry group

1.18

Max
1.90
ED
1.18
Q3
1.17
Median
0.88
Q1
0.66
Min
0.29
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Consolidated Edison (ED) at 1.06 carries an industry-typical debt-to-equity mix, while CMS Energy (CMS) at 1.96 uses more debt funding than most peers.

CMS

Utilities industry group

1.96

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

ED

Utilities industry group

1.06

Max
2.63
Q3
1.77
Median
1.35
ED
1.06
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. Consolidated Edison (ED): 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 Consolidated Edison (ED)
MetricCMSED
Current Ratio (MRQ)0.951.18
Debt / Equity (MRQ)1.961.06
Net Debt / EBITDA6.334.42

Dividends

Dividend Yield (TTM)

Both CMS Energy (CMS) at 3.21% and Consolidated Edison (ED) at 2.89% 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%

ED

Utilities industry group

2.89%

Max
6.66%
Q3
3.58%
ED
2.89%
Median
2.85%
Q1
0.66%
Min
0.00%
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Consolidated Edison (ED) at 56.38% pays out a band-typical share of earnings, while CMS Energy (CMS) at 80.45% distributes more than its industry norm — less retained, thinner cover.

CMS

Utilities industry group

80.45%

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

ED

Utilities industry group

56.38%

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

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and Consolidated Edison (ED)
MetricCMSED
Dividend Yield (TTM)3.21%2.89%
Dividend Payout Ratio (TTM)80.45%56.38%

Valuation

P/E Ratio (TTM)

Consolidated Edison (ED) at 19.03 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

ED

Utilities industry group

19.03

Max
31.22
Q3
23.30
Median
19.64
ED
19.03
Q1
15.17
Min
3.34
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CMS Energy (CMS) vs. Consolidated Edison (ED): 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 Consolidated Edison (ED) at 2.43 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

ED

Utilities industry group

2.43

Max
6.35
Q3
3.63
Median
2.63
ED
2.43
Q1
1.52
Min
0.00
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Consolidated Edison (ED) at 1.67 is valued about in line with its industry on P/B ratio, while CMS Energy (CMS) at 2.28 carries an above-peer premium to book — CMS is pricier on assets.

CMS

Utilities industry group

2.28

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

ED

Utilities industry group

1.67

Max
3.12
Q3
2.21
Median
1.83
ED
1.67
Q1
1.46
Min
0.34
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CMS Energy (CMS) vs. Consolidated Edison (ED): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and Consolidated Edison (ED)
MetricCMSED
P/E Ratio (TTM)24.7119.03
P/S Ratio (TTM)2.422.43
P/B Ratio (MRQ)2.281.67
Free Cash Flow Yield (TTM)-9.54%-3.05%