CMS Energy Corporation (CMS) vs DTE Energy Company (DTE)

CMS Energy Corporation and DTE Energy Company are both Utilities Regulated Electric companies. DTE Energy Company is the larger, with a market value of $25.2B against $21.8B — 1.2× the size. CMS Energy Corporation trades at the lower P/E: 18.9× against 19.1×. DTE Energy Company grew revenue faster over the last twelve months: 15.9% against 9.93%. CMS Energy Corporation has the higher net margin (11.5% vs 8.00%) and the higher return on invested capital (3.56% vs 3.46%). Both pay a dividend; DTE Energy Company yields more (3.94% vs 3.68%). Across the 22 metrics below, CMS Energy Corporation leads on 12 and DTE Energy Company on 10.

Valuation

Metric CMS DTE Utilities Regulated Electric median
P/E 18.94 19.13 18.84
P/S 2.22 1.53 2.52
P/B 1.92 2.08 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 12.76 12.66 11.82
EV/Sales 4.37 3.20 4.58
Earnings yield 5.28% 5.23% 5.30%
Free cash flow yield (9.76%) (7.61%) (5.06%)

Profitability

Metric CMS DTE Utilities Regulated Electric median
Gross margin 61.16% 44.43% 66.28%
Operating margin 18.95% 13.32% 21.79%
Net margin 11.53% 8.00% 12.94%
Free cash flow margin (21.67%) (11.66%) (11.51%)
Return on equity 10.74% 11.03% 9.75%
Return on assets 2.59% 2.47% 2.75%
Return on invested capital 3.56% 3.46% 3.87%

Growth

Metric CMS DTE Utilities Regulated Electric median
Revenue growth (TTM) 9.93% 15.94% 7.43%
EPS growth (last fiscal year) 6.01% 3.84% —
Revenue growth, 5-year CAGR 5.88% 6.72% 6.75%
Net income growth, 5-year CAGR 7.04% 1.34% 6.44%

Health

Metric CMS DTE Utilities Regulated Electric median
Debt to equity 1.86 2.27 1.53
Current ratio 0.94 0.80 0.81
Net debt to EBITDA 6.03 6.02 5.25

Dividend

Metric CMS DTE Utilities Regulated Electric median
Dividend yield 3.68% 3.94% 4.33%
Payout ratio 0.76 0.58 0.66

Size

Metric CMS DTE Utilities Regulated Electric median
Market cap 21.76b 25.22b 22.90b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack