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CMS vs. WEC: CMS Energy vs. WEC Energy Stock Comparison

How do CMS Energy (CMS) and WEC Energy (WEC) 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 WEC Energy (WEC) 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 WEC Energy (WEC)
Profile ItemCMSWEC
NameCMS Energy Corporation Common StockWEC Energy Group Inc.
Country/RegionUnited StatesUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesMulti-Utilities
GICS Sub-IndustryMulti-UtilitiesMulti-Utilities
Market Capitalization21.70 billion USD38.12 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 21, 1973March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

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

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CMS Energy (CMS) and WEC Energy (WEC)
MetricCMSWEC
Total Return (1Y)-1.93%7.80%
Total Return (3Y, Annualized)11.79%18.04%
Total Return (5Y, Annualized)6.25%9.22%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for CMS Energy (CMS) and WEC Energy (WEC)
MetricCMSWEC
Volatility (1Y, Annualized)17.58%17.21%
Beta (5Y)0.310.43
Max Drawdown (5Y)-28.04%-26.02%
Avg. Volume (3M)3.84M2.71M

Risk-Adjusted Performance

Risk-Return Positioning

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CMS and WEC 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 WEC Energy (WEC)
MetricCMSWEC
Sharpe Ratio (1Y)-0.350.20
Sortino Ratio (1Y)-0.490.31

Profitability

ROE (TTM)

WEC Energy (WEC) at 12.49% 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%

WEC

Utilities industry group

12.49%

Max
17.99%
WEC
12.49%
Q3
12.01%
Median
9.44%
Q1
7.56%
Min
2.17%
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

WEC Energy (WEC) at 17.53% 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%

WEC

Utilities industry group

17.53%

Max
28.78%
WEC
17.53%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both CMS Energy (CMS) at 28.45% and WEC Energy (WEC) at 25.44% 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%

WEC

Utilities industry group

25.44%

Max
53.83%
Q3
31.12%
WEC
25.44%
Median
23.62%
Q1
15.45%
Min
-4.90%
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for CMS Energy (CMS) and WEC Energy (WEC)
MetricCMSWEC
ROE (TTM)5.31%12.49%
ROA (TTM)3.07%3.08%
Net Margin (TTM)9.72%17.53%
Operating Margin (TTM)28.45%25.44%
Gross Margin (TTM)40.76%42.36%

Growth

Revenue Growth

Both CMS Energy (CMS) at 13.63% and WEC Energy (WEC) at 13.96% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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

EPS Growth

Both CMS Energy (CMS) at 4.19% and WEC Energy (WEC) at -0.41% 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. WEC Energy (WEC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CMS Energy (CMS) and WEC Energy (WEC)
MetricCMSWEC
Revenue Growth (YoY)13.63%13.96%
Revenue Growth (3Y CAGR)-0.22%0.70%
EPS Growth (YoY)4.19%-0.41%
EPS Growth (3Y CAGR)6.84%2.63%

Financial Strength

Current Ratio (MRQ)

CMS Energy (CMS) at 0.95 keeps current ratio within its industry’s typical mid-range, while WEC Energy (WEC) at 0.53 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WEC.

CMS

Utilities industry group

0.95

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

WEC

Utilities industry group

0.53

Max
1.90
Q3
1.17
Median
0.88
Q1
0.66
WEC
0.53
Min
0.29
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

WEC Energy (WEC) at 1.54 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

WEC

Utilities industry group

1.54

Max
2.63
Q3
1.77
WEC
1.54
Median
1.35
Q1
0.84
Min
0.00
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CMS Energy (CMS) vs. WEC Energy (WEC): 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 WEC Energy (WEC)
MetricCMSWEC
Current Ratio (MRQ)0.950.53
Debt / Equity (MRQ)1.961.54
Net Debt / EBITDA6.335.66

Dividends

Dividend Yield (TTM)

Both CMS Energy (CMS) at 3.21% and WEC Energy (WEC) at 3.17% 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%

WEC

Utilities industry group

3.17%

Max
6.66%
Q3
3.58%
WEC
3.17%
Median
2.85%
Q1
0.66%
Min
0.00%
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

WEC Energy (WEC) at 68.18% 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%

WEC

Utilities industry group

68.18%

Max
113.04%
Q3
68.72%
WEC
68.18%
Median
56.38%
Q1
32.38%
Min
0.00%
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for CMS Energy (CMS) and WEC Energy (WEC)
MetricCMSWEC
Dividend Yield (TTM)3.21%3.17%
Dividend Payout Ratio (TTM)80.45%68.18%

Valuation

P/E Ratio (TTM)

WEC Energy (WEC) at 21.07 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

WEC

Utilities industry group

21.07

Max
31.22
Q3
23.30
WEC
21.07
Median
19.64
Q1
15.17
Min
3.34
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CMS Energy (CMS) vs. WEC Energy (WEC): 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 WEC Energy (WEC) at 3.69 sits in the pricier quartile — WEC 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

WEC

Utilities industry group

3.69

Max
6.35
WEC
3.69
Q3
3.63
Median
2.63
Q1
1.52
Min
0.00
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Both CMS Energy (CMS) at 2.28 and WEC Energy (WEC) at 2.62 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CMS

Utilities industry group

2.28

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

WEC

Utilities industry group

2.62

Max
3.12
WEC
2.62
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34
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CMS Energy (CMS) vs. WEC Energy (WEC): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for CMS Energy (CMS) and WEC Energy (WEC)
MetricCMSWEC
P/E Ratio (TTM)24.7121.07
P/S Ratio (TTM)2.423.69
P/B Ratio (MRQ)2.282.62
Free Cash Flow Yield (TTM)-9.54%-5.16%