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CMS vs. EVRG: CMS Energy vs. Evergy Stock Comparison

How do CMS Energy (CMS) and Evergy (EVRG) 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 Evergy (EVRG) both fall under the Utilities industry group, but CMS is classified in Multi-Utilities while EVRG is classified in Electric Utilities.

Company profile comparison for CMS Energy (CMS) and Evergy (EVRG)
Profile ItemCMSEVRG
NameCMS Energy Corporation Common StockEvergy Inc.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesElectric Utilities
GICS Sub-IndustryMulti-UtilitiesElectric Utilities
Market Capitalization21.70 billion USD20.53 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateFebruary 21, 1973February 21, 1973
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CMS
EVRG
GSPC
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CMS Energy (CMS) vs. Evergy (EVRG), 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 Evergy (EVRG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CMS Energy (CMS) and Evergy (EVRG)
MetricCMSEVRG
Total Return (1Y)-1.93%20.55%
Total Return (3Y, Annualized)11.79%26.35%
Total Return (5Y, Annualized)6.25%10.88%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and Evergy (EVRG)
MetricCMSEVRG
Volatility (1Y, Annualized)17.58%16.50%
Beta (5Y)0.310.48
Max Drawdown (5Y)-28.04%-29.83%
Avg. Volume (3M)3.84M2.25M

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and EVRG 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 Evergy (EVRG)
MetricCMSEVRG
Sharpe Ratio (1Y)-0.350.99
Sortino Ratio (1Y)-0.491.44

Profitability

ROE (TTM)

Evergy (EVRG) at 10.06% 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%

EVRG

Utilities industry group

10.06%

Max
17.99%
Q3
12.01%
EVRG
10.06%
Median
9.44%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both CMS Energy (CMS) at 9.72% and Evergy (EVRG) at 16.67% 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%

EVRG

Utilities industry group

16.67%

Max
28.78%
Q3
17.30%
EVRG
16.67%
Median
12.73%
Q1
9.18%
Min
-0.20%
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Evergy (EVRG) at 38.46% operates in the top operating margin quartile, ahead of CMS Energy (CMS) at 28.45%, which runs around its industry’s norm.

CMS

Utilities industry group

28.45%

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

EVRG

Utilities industry group

38.46%

Max
53.83%
EVRG
38.46%
Q3
31.12%
Median
23.62%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and Evergy (EVRG)
MetricCMSEVRG
ROE (TTM)5.31%10.06%
ROA (TTM)3.07%3.12%
Net Margin (TTM)9.72%16.67%
Operating Margin (TTM)28.45%38.46%
Gross Margin (TTM)40.76%52.95%

Growth

Revenue Growth

CMS Energy (CMS) at 13.63% sits in the top revenue growth quartile, while Evergy (EVRG) at 1.95% is in the bottom quartile, showing a clear gap in revenue momentum.

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

EPS Growth

Both CMS Energy (CMS) at 4.19% and Evergy (EVRG) at -3.43% 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. Evergy (EVRG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CMS Energy (CMS) and Evergy (EVRG)
MetricCMSEVRG
Revenue Growth (YoY)13.63%1.95%
Revenue Growth (3Y CAGR)-0.22%0.58%
EPS Growth (YoY)4.19%-3.43%
EPS Growth (3Y CAGR)6.84%3.83%

Financial Strength

Current Ratio (MRQ)

CMS Energy (CMS) at 0.95 keeps current ratio within its industry’s typical mid-range, while Evergy (EVRG) at 0.49 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EVRG.

CMS

Utilities industry group

0.95

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

EVRG

Utilities industry group

0.49

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
EVRG
0.49
Min
0.29
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Evergy (EVRG) at 1.47 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

EVRG

Utilities industry group

1.47

Max
2.63
Q3
1.77
EVRG
1.47
Median
1.35
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. Evergy (EVRG): 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 Evergy (EVRG)
MetricCMSEVRG
Current Ratio (MRQ)0.950.49
Debt / Equity (MRQ)1.961.47
Net Debt / EBITDA6.335.39

Dividends

Dividend Yield (TTM)

Both CMS Energy (CMS) at 3.21% and Evergy (EVRG) at 3.18% 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%

EVRG

Utilities industry group

3.18%

Max
6.66%
Q3
3.58%
EVRG
3.18%
Median
2.85%
Q1
0.66%
Min
0.00%
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Evergy (EVRG) at 61.92% 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%

EVRG

Utilities industry group

61.92%

Max
113.04%
Q3
68.72%
EVRG
61.92%
Median
56.38%
Q1
32.38%
Min
0.00%
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and Evergy (EVRG)
MetricCMSEVRG
Dividend Yield (TTM)3.21%3.18%
Dividend Payout Ratio (TTM)80.45%61.92%

Valuation

P/E Ratio (TTM)

Evergy (EVRG) at 19.50 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

EVRG

Utilities industry group

19.50

Max
31.22
Q3
23.30
Median
19.64
EVRG
19.50
Q1
15.17
Min
3.34
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CMS Energy (CMS) vs. Evergy (EVRG): 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 Evergy (EVRG) at 3.22 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

EVRG

Utilities industry group

3.22

Max
6.35
Q3
3.63
EVRG
3.22
Median
2.63
Q1
1.52
Min
0.00
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Evergy (EVRG) at 1.86 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

EVRG

Utilities industry group

1.86

Max
3.12
Q3
2.21
EVRG
1.86
Median
1.83
Q1
1.46
Min
0.34
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CMS Energy (CMS) vs. Evergy (EVRG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and Evergy (EVRG)
MetricCMSEVRG
P/E Ratio (TTM)24.7119.50
P/S Ratio (TTM)2.423.22
P/B Ratio (MRQ)2.281.86
Free Cash Flow Yield (TTM)-9.54%-7.14%