CMS Energy
CMS · Multi-Utilities
$69.58
1.0%CenterPoint Energy
CNP · Multi-Utilities
$41.07
0.3%The short version
- CenterPoint Energy is the larger business, with $9.4B of revenue in fiscal 2025 against $8.5B for CMS Energy.
- CMS Energy grew revenue faster (13.6%, against 8.3%).
- CenterPoint Energy kept more of each dollar of sales as operating profit (22.6% operating margin, against 20.2% operating margin).
- Investors pay more for each dollar of CenterPoint Energy’s earnings: a P/E of 25.2x against 20.9x for CMS Energy.
| Latest fiscal year | CMS · FY25 | CNP · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.6B | $27.1B |
| Revenue | $8.5B | $9.4B |
| Free cash flow | — | −$2.4B |
| Net income | $1.1B | $1.1B |
| Growth | ||
| Revenue growth | 13.6% | 8.3% |
| 5-year growth | 5.9% | 4.8% |
| Share count change | 0.9% | 1.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 20.2% | 22.6% |
| Net margin | 12.5% | 11.2% |
| FCF margin | — | −25.5% |
| Return on capital | 5.2% | 5.7% |
| Return on equity | 12.3% | 9.6% |
| Balance sheet | ||
| Net debt | $18.4B | $20.5B |
| Net debt / EBITDA | 6.1x | 5.6x |
| Dividends and buybacks | $0.0M | $574M |
| Valuation & quality | ||
| P/E | 20.9x | 25.2x |
| Piotroski F-score | 5 | 4 |
FY16
CMS $6.4B
CNP $7.5B
FY17
CMS $6.6B
CNP $9.6B
FY18
CMS $6.9B
CNP $6.3B
FY19
CMS $6.6B
CNP $7.6B
FY20
CMS $6.4B
CNP $7.4B
FY21
CMS $7.3B
CNP $8.4B
FY22
CMS $8.6B
CNP $9.3B
FY23
CMS $7.5B
CNP $8.7B
FY24
CMS $7.5B
CNP $8.6B
FY25
CMS $8.5B
CNP $9.4B
CMS
CNP
FY16
CMS 19.6%
CNP 13.6%
FY17
CMS 20.3%
CNP 11.8%
FY18
CMS 16.9%
CNP 13.8%
FY19
CMS 16.8%
CNP 14.2%
FY20
CMS 19.2%
CNP 14.0%
FY21
CMS 15.6%
CNP 16.3%
FY22
CMS 14.2%
CNP 16.8%
FY23
CMS 16.6%
CNP 20.2%
FY24
CMS 19.8%
CNP 23.0%
FY25
CMS 20.2%
CNP 22.6%
CMS
CNP
FY16
CMS −$43.0M
CNP $509M
FY17
CMS $40.0M
CNP −$9.0M
FY18
CMS −$371M
CNP $485M
FY19
CMS −$307M
CNP −$868M
FY20
CMS −$1.0B
CNP −$601M
FY21
CMS −$257M
CNP −$3.1B
FY22
CMS −$1.5B
CNP −$2.6B
FY23
CMS —
CNP −$524M
FY24
CMS —
CNP −$2.4B
FY25
CMS —
CNP −$2.4B
CMS
CNP
FY16
CMS 6.4%
CNP 5.9%
FY17
CMS 5.0%
CNP 10.1%
FY18
CMS 6.4%
CNP 5.3%
FY19
CMS 5.4%
CNP 6.0%
FY20
CMS 5.8%
CNP 4.4%
FY21
CMS 5.4%
CNP 5.6%
FY22
CMS 5.4%
CNP 4.9%
FY23
CMS 4.6%
CNP 5.8%
FY24
CMS 5.2%
CNP 5.8%
FY25
CMS 5.2%
CNP 5.7%
CMS
CNP
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.