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CMS vs. NGG: CMS Energy vs. National Grid Stock Comparison

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

CMS Energy (CMS) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for CMS Energy (CMS) and National Grid (NGG)
Profile ItemCMSNGG
NameCMS Energy Corporation Common StockNational Grid plc Sponsored ADR
Country/RegionUnited StatesUnited Kingdom
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesMulti-Utilities
GICS Sub-IndustryMulti-UtilitiesMulti-Utilities
Market Capitalization21.70 billion USD83.60 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973August 10, 2005
Security TypeCommon StockADR

Price Performance

Cumulative Growth

CMS
NGG
GSPC
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CMS Energy (CMS) vs. National Grid (NGG), 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 National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CMS Energy (CMS) and National Grid (NGG)
MetricCMSNGG
Total Return (1Y)-1.93%13.00%
Total Return (3Y, Annualized)11.79%19.82%
Total Return (5Y, Annualized)6.25%12.34%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and National Grid (NGG)
MetricCMSNGG
Volatility (1Y, Annualized)17.58%22.32%
Beta (5Y)0.310.73
Max Drawdown (5Y)-28.04%-39.20%
Avg. Volume (3M)3.84M911.70K

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and NGG 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 National Grid (NGG)
MetricCMSNGG
Sharpe Ratio (1Y)-0.350.39
Sortino Ratio (1Y)-0.490.54

Profitability

ROE (TTM)

National Grid (NGG) at 10.31% 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%

NGG

Utilities industry group

10.31%

Max
17.99%
Q3
12.01%
NGG
10.31%
Median
9.44%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

National Grid (NGG) at 21.15% retains a top-quartile share of revenue as profit, ahead of CMS Energy (CMS) at 9.72%, which keeps about the industry-typical 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%

NGG

Utilities industry group

21.15%

Max
28.78%
NGG
21.15%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both CMS Energy (CMS) at 28.45% and National Grid (NGG) at 28.64% 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%

NGG

Utilities industry group

28.64%

Max
53.83%
Q3
31.12%
NGG
28.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and National Grid (NGG)
MetricCMSNGG
ROE (TTM)5.31%10.31%
ROA (TTM)3.07%3.33%
Net Margin (TTM)9.72%21.15%
Operating Margin (TTM)28.45%28.64%
Gross Margin (TTM)40.76%100.00%

Growth

Revenue Growth

CMS Energy (CMS) at 13.63% sits in the top revenue growth quartile, while National Grid (NGG) at -3.76% is in the bottom quartile, showing a clear gap in revenue momentum.

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

EPS Growth

Only one side can be read here: CMS Energy (CMS) reports EPS growth of 4.19%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for CMS Energy (CMS) and National Grid (NGG)
MetricCMSNGG
Revenue Growth (YoY)13.63%-3.76%
Revenue Growth (3Y CAGR)-0.22%-6.53%
EPS Growth (YoY)4.19%--
EPS Growth (3Y CAGR)6.84%-30.59%

Financial Strength

Current Ratio (MRQ)

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

CMS

Utilities industry group

0.95

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

NGG

Utilities industry group

0.62

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

Debt / Equity (MRQ)

National Grid (NGG) at 1.32 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

NGG

Utilities industry group

1.32

Max
2.63
Q3
1.77
Median
1.35
NGG
1.32
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. National Grid (NGG): 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 National Grid (NGG)
MetricCMSNGG
Current Ratio (MRQ)0.950.62
Debt / Equity (MRQ)1.961.32
Net Debt / EBITDA6.336.32

Dividends

Dividend Yield (TTM)

CMS Energy (CMS) at 3.21% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.57% falls in the bottom quartile of its peers.

CMS

Utilities industry group

3.21%

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

NGG

Utilities industry group

0.57%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
NGG
0.57%
Min
0.00%
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both CMS Energy (CMS) at 80.45% and National Grid (NGG) at 71.97% 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%

NGG

Utilities industry group

71.97%

Max
113.04%
NGG
71.97%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and National Grid (NGG)
MetricCMSNGG
Dividend Yield (TTM)3.21%0.57%
Dividend Payout Ratio (TTM)80.45%71.97%

Valuation

P/E Ratio (TTM)

National Grid (NGG) at 15.54 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

NGG

Utilities industry group

15.54

Max
31.22
Q3
23.30
Median
19.64
NGG
15.54
Q1
15.17
Min
3.34
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

CMS Energy (CMS) at 2.42 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.46 sits in the pricier quartile — NGG costs more per dollar of sales.

CMS

Utilities industry group

2.42

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

NGG

Utilities industry group

4.46

Max
6.35
NGG
4.46
Q3
3.63
Median
2.63
Q1
1.52
Min
0.00
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: CMS Energy (CMS) at 2.28 sits in the upper P/B ratio quartile, and National Grid (NGG) at 9.36 prices even higher, above its industry range.

CMS

Utilities industry group

2.28

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

NGG

Utilities industry group

9.36

NGG
9.36
Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34
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CMS Energy (CMS) vs. National Grid (NGG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and National Grid (NGG)
MetricCMSNGG
P/E Ratio (TTM)24.7115.54
P/S Ratio (TTM)2.424.46
P/B Ratio (MRQ)2.289.36
Free Cash Flow Yield (TTM)-9.54%-5.94%