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CMS vs. PCG: CMS Energy vs. PG&E Stock Comparison

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

Company profile comparison for CMS Energy (CMS) and PG&E (PCG)
Profile ItemCMSPCG
NameCMS Energy Corporation Common StockPG&E Corporation
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesElectric Utilities
GICS Sub-IndustryMulti-UtilitiesElectric Utilities
Market Capitalization21.70 billion USD28.57 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973June 1, 1972
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CMS
PCG
GSPC
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CMS Energy (CMS) vs. PG&E (PCG), 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 PG&E (PCG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CMS Energy (CMS) and PG&E (PCG)
MetricCMSPCG
Total Return (1Y)-1.93%-19.03%
Total Return (3Y, Annualized)11.79%-6.50%
Total Return (5Y, Annualized)6.25%2.05%

Risk Profile

Drawdown History

CMS
PCG
GSPC
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CMS Energy (CMS) vs. PG&E (PCG), 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 PG&E (PCG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and PG&E (PCG)
MetricCMSPCG
Volatility (1Y, Annualized)17.58%34.84%
Beta (5Y)0.310.17
Max Drawdown (5Y)-28.04%-43.92%
Avg. Volume (3M)3.84M39.33M

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and PCG 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 PG&E (PCG)
MetricCMSPCG
Sharpe Ratio (1Y)-0.35-0.67
Sortino Ratio (1Y)-0.49-0.81

Profitability

ROE (TTM)

PG&E (PCG) at 8.89% 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%

PCG

Utilities industry group

8.89%

Max
17.99%
Q3
12.01%
Median
9.44%
PCG
8.89%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Both CMS Energy (CMS) at 9.72% and PG&E (PCG) at 11.57% 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%

PCG

Utilities industry group

11.57%

Max
28.78%
Q3
17.30%
Median
12.73%
PCG
11.57%
Q1
9.18%
Min
-0.20%
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both CMS Energy (CMS) at 28.45% and PG&E (PCG) at 23.64% 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%

PCG

Utilities industry group

23.64%

Max
53.83%
Q3
31.12%
PCG
23.64%
Median
23.62%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and PG&E (PCG)
MetricCMSPCG
ROE (TTM)5.31%8.89%
ROA (TTM)3.07%2.59%
Net Margin (TTM)9.72%11.57%
Operating Margin (TTM)28.45%23.64%
Gross Margin (TTM)40.76%40.57%

Growth

Revenue Growth

CMS Energy (CMS) at 13.63% sits in the top revenue growth quartile, while PG&E (PCG) at 2.11% is in the bottom quartile, showing a clear gap in revenue momentum.

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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both CMS Energy (CMS) at 4.19% and PG&E (PCG) at 2.61% 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. PG&E (PCG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CMS Energy (CMS) and PG&E (PCG)
MetricCMSPCG
Revenue Growth (YoY)13.63%2.11%
Revenue Growth (3Y CAGR)-0.22%4.77%
EPS Growth (YoY)4.19%2.61%
EPS Growth (3Y CAGR)6.84%12.00%

Financial Strength

Current Ratio (MRQ)

Both CMS Energy (CMS) at 0.95 and PG&E (PCG) at 1.03 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity 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

PCG

Utilities industry group

1.03

Max
1.90
Q3
1.17
PCG
1.03
Median
0.88
Q1
0.66
Min
0.29
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both CMS Energy (CMS) at 1.96 and PG&E (PCG) at 1.88 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

PCG

Utilities industry group

1.88

Max
2.63
PCG
1.88
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. PG&E (PCG): 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 PG&E (PCG)
MetricCMSPCG
Current Ratio (MRQ)0.951.03
Debt / Equity (MRQ)1.961.88
Net Debt / EBITDA6.336.05

Dividends

Dividend Yield (TTM)

Both CMS Energy (CMS) at 3.21% and PG&E (PCG) at 1.51% 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%

PCG

Utilities industry group

1.51%

Max
6.66%
Q3
3.58%
Median
2.85%
PCG
1.51%
Q1
0.66%
Min
0.00%
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

PG&E (PCG) at 14.81% 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.

CMS

Utilities industry group

80.45%

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

PCG

Utilities industry group

14.81%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
PCG
14.81%
Min
0.00%
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and PG&E (PCG)
MetricCMSPCG
Dividend Yield (TTM)3.21%1.51%
Dividend Payout Ratio (TTM)80.45%14.81%

Valuation

P/E Ratio (TTM)

PG&E (PCG) at 9.61 sits in the cheaper P/E ratio quartile, while CMS Energy (CMS) at 24.71 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

CMS

Utilities industry group

24.71

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

PCG

Utilities industry group

9.61

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
PCG
9.61
Min
3.34
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

PG&E (PCG) at 1.11 sits in the cheaper P/S ratio quartile while CMS Energy (CMS) at 2.42 prices around its industry’s middle — PCG costs less per dollar of sales, though read it alongside growth and margins.

CMS

Utilities industry group

2.42

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

PCG

Utilities industry group

1.11

Max
6.35
Q3
3.63
Median
2.63
Q1
1.52
PCG
1.11
Min
0.00
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

PG&E (PCG) at 0.87 looks cheap against book in the lower P/B ratio quartile, while CMS Energy (CMS) at 2.28 carries a premium in the upper quartile — a clear price-to-book gap.

CMS

Utilities industry group

2.28

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

PCG

Utilities industry group

0.87

Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
PCG
0.87
Min
0.34
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CMS Energy (CMS) vs. PG&E (PCG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and PG&E (PCG)
MetricCMSPCG
P/E Ratio (TTM)24.719.61
P/S Ratio (TTM)2.421.11
P/B Ratio (MRQ)2.280.87
Free Cash Flow Yield (TTM)-9.54%-22.73%