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CMS vs. SBS: CMS Energy vs. Sabesp Stock Comparison

How do CMS Energy (CMS) and Sabesp (SBS) 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 Sabesp (SBS) both fall under the Utilities industry group, but CMS is classified in Multi-Utilities while SBS is classified in Water Utilities.

CMS Energy (CMS) trades as ordinary local shares, while Sabesp (SBS) 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 Sabesp (SBS)
Profile ItemCMSSBS
NameCMS Energy Corporation Common StockCompanhia de Saneamento Básico do Estado de São Paulo - SABESP ADR
Country/RegionUnited StatesBrazil
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesWater Utilities
GICS Sub-IndustryMulti-UtilitiesWater Utilities
Market Capitalization21.70 billion USD16.96 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973May 10, 2002
Security TypeCommon StockADR

Price Performance

Cumulative Growth

CMS
SBS
GSPC
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CMS Energy (CMS) vs. Sabesp (SBS), 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 Sabesp (SBS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CMS Energy (CMS) and Sabesp (SBS)
MetricCMSSBS
Total Return (1Y)-1.93%-3.72%
Total Return (3Y, Annualized)11.79%28.33%
Total Return (5Y, Annualized)6.25%32.85%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and Sabesp (SBS)
MetricCMSSBS
Volatility (1Y, Annualized)17.58%46.80%
Beta (5Y)0.310.76
Max Drawdown (5Y)-28.04%-37.59%
Avg. Volume (3M)3.84M11.85M

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and SBS 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 Sabesp (SBS)
MetricCMSSBS
Sharpe Ratio (1Y)-0.35-0.17
Sortino Ratio (1Y)-0.49-0.22

Profitability

ROE (TTM)

Sabesp (SBS) at 16.27% sits in the top ROE quartile, while CMS Energy (CMS) at 5.31% is in the bottom quartile, showing a clear gap in returns on 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%

SBS

Utilities industry group

16.27%

Max
17.99%
SBS
16.27%
Q3
12.01%
Median
9.44%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Sabesp (SBS) at 17.52% 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%

SBS

Utilities industry group

17.52%

Max
28.78%
SBS
17.52%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both CMS Energy (CMS) at 28.45% and Sabesp (SBS) at 29.28% 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%

SBS

Utilities industry group

29.28%

Max
53.83%
Q3
31.12%
SBS
29.28%
Median
23.62%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and Sabesp (SBS)
MetricCMSSBS
ROE (TTM)5.31%16.27%
ROA (TTM)3.07%8.08%
Net Margin (TTM)9.72%17.52%
Operating Margin (TTM)28.45%29.28%
Gross Margin (TTM)40.76%36.96%

Growth

Revenue Growth

CMS Energy (CMS) at 13.63% sits in the top revenue growth quartile, while Sabesp (SBS) at 5.39% is closer to the peer norm — faster top-line expansion for CMS.

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

EPS Growth

CMS Energy (CMS) at 4.19% is around its peer norm for EPS growth, while Sabesp (SBS) at -11.79% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for CMS Energy (CMS) and Sabesp (SBS)
MetricCMSSBS
Revenue Growth (YoY)13.63%5.39%
Revenue Growth (3Y CAGR)-0.22%19.98%
EPS Growth (YoY)4.19%-11.79%
EPS Growth (3Y CAGR)6.84%40.65%

Financial Strength

Current Ratio (MRQ)

CMS Energy (CMS) at 0.95 keeps current ratio within its industry’s typical mid-range, while Sabesp (SBS) at 1.22 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

SBS

Utilities industry group

1.22

Max
1.90
SBS
1.22
Q3
1.17
Median
0.88
Q1
0.66
Min
0.29
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Sabesp (SBS) at 0.99 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

SBS

Utilities industry group

0.99

Max
2.63
Q3
1.77
Median
1.35
SBS
0.99
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. Sabesp (SBS): 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 Sabesp (SBS)
MetricCMSSBS
Current Ratio (MRQ)0.951.22
Debt / Equity (MRQ)1.960.99
Net Debt / EBITDA6.332.30

Dividends

Dividend Yield (TTM)

Sabesp (SBS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile CMS Energy (CMS) reports a yield of 3.21%, ranking against industry peers normally.

CMS

Utilities industry group

3.21%

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

SBS

Utilities industry group

0.00%

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

Dividend Payout Ratio (TTM)

Sabesp (SBS) at 35.95% 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%

SBS

Utilities industry group

35.95%

Max
113.04%
Q3
68.72%
Median
56.38%
SBS
35.95%
Q1
32.38%
Min
0.00%
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and Sabesp (SBS)
MetricCMSSBS
Dividend Yield (TTM)3.21%0.00%
Dividend Payout Ratio (TTM)80.45%35.95%

Valuation

P/E Ratio (TTM)

Sabesp (SBS) at 11.73 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

SBS

Utilities industry group

11.73

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
SBS
11.73
Min
3.34
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Sabesp (SBS) at 0.41 sits in the cheaper P/S ratio quartile while CMS Energy (CMS) at 2.42 prices around its industry’s middle — SBS 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

SBS

Utilities industry group

0.41

Max
6.35
Q3
3.63
Median
2.63
Q1
1.52
SBS
0.41
Min
0.00
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Sabesp (SBS) at 1.84 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

SBS

Utilities industry group

1.84

Max
3.12
Q3
2.21
SBS
1.84
Median
1.83
Q1
1.46
Min
0.34
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CMS Energy (CMS) vs. Sabesp (SBS): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and Sabesp (SBS)
MetricCMSSBS
P/E Ratio (TTM)24.7111.73
P/S Ratio (TTM)2.420.41
P/B Ratio (MRQ)2.281.84
Free Cash Flow Yield (TTM)-9.54%-62.11%