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Stock Comparison

CMS vs WEC vs EVRG vs NWE vs OTTR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
CMS
CMS Energy Corporation

Regulated Electric

UtilitiesNYSE • US
Market Cap$22.85B
5Y Perf.+26.3%
WEC
WEC Energy Group, Inc.

Regulated Electric

UtilitiesNYSE • US
Market Cap$36.74B
5Y Perf.+22.9%
EVRG
Evergy, Inc.

Regulated Electric

UtilitiesNASDAQ • US
Market Cap$19.05B
5Y Perf.+34.1%
NWE
Northwestern Energy Group Inc

Diversified Utilities

UtilitiesNASDAQ • US
Market Cap$4.45B
5Y Perf.+20.4%
OTTR
Otter Tail Corporation

Diversified Utilities

UtilitiesNASDAQ • US
Market Cap$3.69B
5Y Perf.+104.7%

CMS vs WEC vs EVRG vs NWE vs OTTR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
CMS logoCMS
WEC logoWEC
EVRG logoEVRG
NWE logoNWE
OTTR logoOTTR
IndustryRegulated ElectricRegulated ElectricRegulated ElectricDiversified UtilitiesDiversified Utilities
Market Cap$22.85B$36.74B$19.05B$4.45B$3.69B
Revenue (TTM)$8.82B$10.08B$5.99B$1.64B$1.31B
Net Income (TTM)$1.11B$1.64B$882M$168M$280M
Gross Margin64.6%55.7%41.5%61.9%34.9%
Operating Margin19.5%24.0%25.4%19.2%26.4%
Forward P/E19.0x20.2x19.5x19.3x15.9x
Total Debt$18.94B$22.31B$15.44B$3.29B$1.10B
Cash & Equiv.$615M$28M$25M$9M$386M

CMS vs WEC vs EVRG vs NWE vs OTTRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

CMS
WEC
EVRG
NWE
OTTR
StockMay 20May 26Return
CMS Energy Corporat… (CMS)100126.3+26.3%
WEC Energy Group, I… (WEC)100122.9+22.9%
Evergy, Inc. (EVRG)100134.1+34.1%
Northwestern Energy… (NWE)100120.4+20.4%
Otter Tail Corporat… (OTTR)100204.7+104.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: CMS vs WEC vs EVRG vs NWE vs OTTR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: OTTR leads in 3 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Northwestern Energy Group Inc is the stronger pick specifically for dividend income and shareholder returns and recent price momentum and sentiment. CMS and WEC also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
CMS
CMS Energy Corporation
The Defensive Pick

CMS ranks third and is worth considering specifically for sleep-well-at-night and defensive.

  • Lower volatility, beta 0.01, current ratio 0.98x
  • Beta 0.01, yield 3.0%, current ratio 0.98x
  • Beta 0.01 vs OTTR's 0.42
Best for: sleep-well-at-night and defensive
WEC
WEC Energy Group, Inc.
The Growth Play

WEC is the clearest fit if your priority is growth exposure.

  • Rev growth 14.0%, EPS growth 0.0%, 3Y rev CAGR 0.7%
  • 14.0% revenue growth vs OTTR's -2.0%
Best for: growth exposure
EVRG
Evergy, Inc.
The Income Angle

Among these 5 stocks, EVRG doesn't own a clear edge in any measured category.

Best for: utilities exposure
NWE
Northwestern Energy Group Inc
The Income Pick

NWE is the #2 pick in this set and the best alternative if income & stability is your priority.

  • Dividend streak 20 yrs, beta 0.24, yield 3.6%
  • 3.6% yield, 20-year raise streak, vs WEC's 3.1%
  • +30.2% vs CMS's +3.0%
Best for: income & stability
OTTR
Otter Tail Corporation
The Long-Run Compounder

OTTR carries the broadest edge in this set and is the clearest fit for long-term compounding and valuation efficiency.

  • 241.8% 10Y total return vs WEC's 133.1%
  • PEG 0.69 vs WEC's 4.06
  • Lower P/E (15.9x vs 19.3x)
  • 21.3% margin vs NWE's 10.2%
Best for: long-term compounding and valuation efficiency
See the full category breakdown
CategoryWinnerWhy
GrowthWEC logoWEC14.0% revenue growth vs OTTR's -2.0%
ValueOTTR logoOTTRLower P/E (15.9x vs 19.3x)
Quality / MarginsOTTR logoOTTR21.3% margin vs NWE's 10.2%
Stability / SafetyCMS logoCMSBeta 0.01 vs OTTR's 0.42
DividendsNWE logoNWE3.6% yield, 20-year raise streak, vs WEC's 3.1%
Momentum (1Y)NWE logoNWE+30.2% vs CMS's +3.0%
Efficiency (ROA)OTTR logoOTTR7.1% ROA vs NWE's 2.0%, ROIC 10.4% vs 4.0%

CMS vs WEC vs EVRG vs NWE vs OTTR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

CMSCMS Energy Corporation
FY 2025
Residential Utility Services
57.3%$4.4B
Commercial Utility Service
31.9%$2.4B
Industrial Utility Service
10.8%$824M
WECWEC Energy Group, Inc.
FY 2025
Wisconsin
71.0%$7.3B
Illinois
16.4%$1.7B
Non-Utility Energy Infrastructure
7.5%$770M
Other States
5.1%$528M
EVRGEvergy, Inc.
FY 2017
Electric Utility Segment
100.0%$2.7B
NWENorthwestern Energy Group Inc
FY 2025
Electricity, US Regulated
78.9%$1.3B
Natural Gas, US Regulated
21.1%$341M
OTTROtter Tail Corporation
FY 2025
Electric
43.5%$567M
Plastics
32.4%$423M
Manufacturing
24.1%$315M

CMS vs WEC vs EVRG vs NWE vs OTTR — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLOTTRLAGGINGNWE

Income & Cash Flow (Last 12 Months)

OTTR leads this category, winning 3 of 6 comparable metrics.

WEC is the larger business by revenue, generating $10.1B annually — 7.7x OTTR's $1.3B. OTTR is the more profitable business, keeping 21.3% of every revenue dollar as net income compared to NWE's 10.2%. On growth, CMS holds the edge at +11.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCMS logoCMSCMS Energy Corpor…WEC logoWECWEC Energy Group,…EVRG logoEVRGEvergy, Inc.NWE logoNWENorthwestern Ener…OTTR logoOTTROtter Tail Corpor…
RevenueTrailing 12 months$8.8B$10.1B$6.0B$1.6B$1.3B
EBITDAEarnings before interest/tax$2.9B$3.9B$2.7B$569M$466M
Net IncomeAfter-tax profit$1.1B$1.6B$882M$168M$280M
Free Cash FlowCash after capex-$2.0B-$1.1B-$1.1B-$148M$2M
Gross MarginGross profit ÷ Revenue+64.6%+55.7%+41.5%+61.9%+34.9%
Operating MarginEBIT ÷ Revenue+19.5%+24.0%+25.4%+19.2%+26.4%
Net MarginNet income ÷ Revenue+12.5%+16.2%+14.7%+10.2%+21.3%
FCF MarginFCF ÷ Revenue-23.1%-11.0%-18.3%-9.0%+0.1%
Rev. Growth (YoY)Latest quarter vs prior year+11.6%+9.0%+5.5%+6.6%+2.9%
EPS Growth (YoY)Latest quarter vs prior year+11.9%+7.9%+18.5%-17.6%+6.8%
OTTR leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

OTTR leads this category, winning 4 of 6 comparable metrics.

At 13.4x trailing earnings, OTTR trades at a 46% valuation discount to NWE's 24.6x P/E. Adjusting for growth (PEG ratio), OTTR offers better value at 0.59x vs WEC's 4.70x — a lower PEG means you pay less per unit of expected earnings growth.

MetricCMS logoCMSCMS Energy Corpor…WEC logoWECWEC Energy Group,…EVRG logoEVRGEvergy, Inc.NWE logoNWENorthwestern Ener…OTTR logoOTTROtter Tail Corpor…
Market CapShares × price$22.8B$36.7B$19.1B$4.5B$3.7B
Enterprise ValueMkt cap + debt − cash$41.2B$59.0B$34.5B$7.7B$4.4B
Trailing P/EPrice ÷ TTM EPS20.95x23.35x22.60x24.63x13.41x
Forward P/EPrice ÷ next-FY EPS est.19.05x20.15x19.52x19.30x15.88x
PEG RatioP/E ÷ EPS growth rate3.50x4.70x3.70x0.59x
EV / EBITDAEnterprise value multiple14.31x15.32x12.72x13.44x9.49x
Price / SalesMarket cap ÷ Revenue2.68x3.75x3.22x2.77x2.83x
Price / BookPrice ÷ Book value/share2.29x2.63x1.88x1.54x1.99x
Price / FCFMarket cap ÷ FCF37.64x
OTTR leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

OTTR leads this category, winning 8 of 9 comparable metrics.

OTTR delivers a 15.2% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $6 for NWE. OTTR carries lower financial leverage with a 0.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to CMS's 1.95x. On the Piotroski fundamental quality scale (0–9), CMS scores 6/9 vs OTTR's 4/9, reflecting solid financial health.

MetricCMS logoCMSCMS Energy Corpor…WEC logoWECWEC Energy Group,…EVRG logoEVRGEvergy, Inc.NWE logoNWENorthwestern Ener…OTTR logoOTTROtter Tail Corpor…
ROE (TTM)Return on equity+11.6%+11.6%+8.6%+5.8%+15.2%
ROA (TTM)Return on assets+2.8%+3.3%+2.6%+2.0%+7.1%
ROICReturn on invested capital+4.9%+5.1%+4.5%+4.0%+10.4%
ROCEReturn on capital employed+5.0%+5.4%+4.9%+4.4%+9.9%
Piotroski ScoreFundamental quality 0–965454
Debt / EquityFinancial leverage1.95x1.59x1.50x1.14x0.59x
Net DebtTotal debt minus cash$18.3B$22.3B$15.4B$3.3B$718M
Cash & Equiv.Liquid assets$615M$28M$25M$9M$386M
Total DebtShort + long-term debt$18.9B$22.3B$15.4B$3.3B$1.1B
Interest CoverageEBIT ÷ Interest expense2.58x2.87x2.46x2.25x7.32x
OTTR leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

EVRG leads this category, winning 3 of 6 comparable metrics.

A $10,000 investment in OTTR five years ago would be worth $19,807 today (with dividends reinvested), compared to $12,586 for NWE. Over the past 12 months, NWE leads with a +30.2% total return vs CMS's +3.0%. The 3-year compound annual growth rate (CAGR) favors EVRG at 13.4% vs OTTR's 6.1% — a key indicator of consistent wealth creation.

MetricCMS logoCMSCMS Energy Corpor…WEC logoWECWEC Energy Group,…EVRG logoEVRGEvergy, Inc.NWE logoNWENorthwestern Ener…OTTR logoOTTROtter Tail Corpor…
YTD ReturnYear-to-date+5.8%+6.8%+14.2%+12.9%+8.6%
1-Year ReturnPast 12 months+3.0%+6.2%+22.7%+30.2%+17.9%
3-Year ReturnCumulative with dividends+30.3%+29.4%+46.0%+34.7%+19.4%
5-Year ReturnCumulative with dividends+30.4%+31.8%+49.1%+25.9%+98.1%
10-Year ReturnCumulative with dividends+119.4%+133.1%+100.7%+65.7%+241.8%
CAGR (3Y)Annualised 3-year return+9.2%+9.0%+13.4%+10.4%+6.1%
EVRG leads this category, winning 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — WEC and EVRG each lead in 1 of 2 comparable metrics.

WEC is the less volatile stock with a -0.03 beta — it tends to amplify market swings less than OTTR's 0.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EVRG currently trades 97.0% from its 52-week high vs CMS's 92.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCMS logoCMSCMS Energy Corpor…WEC logoWECWEC Energy Group,…EVRG logoEVRGEvergy, Inc.NWE logoNWENorthwestern Ener…OTTR logoOTTROtter Tail Corpor…
Beta (5Y)Sensitivity to S&P 5000.01x-0.03x0.06x0.24x0.42x
52-Week HighHighest price in past year$80.36$119.62$85.27$75.18$92.24
52-Week LowLowest price in past year$67.71$100.61$63.29$50.46$74.15
% of 52W HighCurrent price vs 52-week peak+92.0%+94.3%+97.0%+96.3%+95.2%
RSI (14)Momentum oscillator 0–10038.244.545.851.851.4
Avg Volume (50D)Average daily shares traded2.6M1.8M1.8M462K277K
Evenly matched — WEC and EVRG each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — WEC and NWE each lead in 1 of 2 comparable metrics.

Analyst consensus: CMS as "Buy", WEC as "Hold", EVRG as "Hold", NWE as "Hold", OTTR as "Hold". Consensus price targets imply 9.5% upside for CMS (target: $81) vs -8.4% for NWE (target: $66). For income investors, NWE offers the higher dividend yield at 3.63% vs OTTR's 2.38%.

MetricCMS logoCMSCMS Energy Corpor…WEC logoWECWEC Energy Group,…EVRG logoEVRGEvergy, Inc.NWE logoNWENorthwestern Ener…OTTR logoOTTROtter Tail Corpor…
Analyst RatingConsensus buy/hold/sellBuyHoldHoldHoldHold
Price TargetConsensus 12-month target$81.00$122.78$89.00$66.33$81.00
# AnalystsCovering analysts293418187
Dividend YieldAnnual dividend ÷ price+3.0%+3.1%+3.2%+3.6%+2.4%
Dividend StreakConsecutive years of raises192362011
Dividend / ShareAnnual DPS$2.21$3.50$2.62$2.63$2.09
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.0%0.0%0.0%0.0%
Evenly matched — WEC and NWE each lead in 1 of 2 comparable metrics.
Key Takeaway

OTTR leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). EVRG leads in 1 (Total Returns). 2 tied.

Best OverallOtter Tail Corporation (OTTR)Leads 3 of 6 categories
Loading custom metrics...

CMS vs WEC vs EVRG vs NWE vs OTTR: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is CMS or WEC or EVRG or NWE or OTTR a better buy right now?

For growth investors, WEC Energy Group, Inc.

(WEC) is the stronger pick with 14. 0% revenue growth year-over-year, versus -2. 0% for Otter Tail Corporation (OTTR). Otter Tail Corporation (OTTR) offers the better valuation at 13. 4x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate CMS Energy Corporation (CMS) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — CMS or WEC or EVRG or NWE or OTTR?

On trailing P/E, Otter Tail Corporation (OTTR) is the cheapest at 13.

4x versus Northwestern Energy Group Inc at 24. 6x. On forward P/E, Otter Tail Corporation is actually cheaper at 15. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Otter Tail Corporation wins at 0. 69x versus WEC Energy Group, Inc. 's 4. 06x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — CMS or WEC or EVRG or NWE or OTTR?

Over the past 5 years, Otter Tail Corporation (OTTR) delivered a total return of +98.

1%, compared to +25. 9% for Northwestern Energy Group Inc (NWE). Over 10 years, the gap is even starker: OTTR returned +241. 8% versus NWE's +65. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — CMS or WEC or EVRG or NWE or OTTR?

By beta (market sensitivity over 5 years), WEC Energy Group, Inc.

(WEC) is the lower-risk stock at -0. 03β versus Otter Tail Corporation's 0. 42β — meaning OTTR is approximately -1627% more volatile than WEC relative to the S&P 500. On balance sheet safety, Otter Tail Corporation (OTTR) carries a lower debt/equity ratio of 59% versus 195% for CMS Energy Corporation — giving it more financial flexibility in a downturn.

05

Which is growing faster — CMS or WEC or EVRG or NWE or OTTR?

By revenue growth (latest reported year), WEC Energy Group, Inc.

(WEC) is pulling ahead at 14. 0% versus -2. 0% for Otter Tail Corporation (OTTR). On earnings-per-share growth, the picture is similar: CMS Energy Corporation grew EPS 6. 0% year-over-year, compared to -19. 5% for Northwestern Energy Group Inc. Over a 3-year CAGR, NWE leads at 2. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — CMS or WEC or EVRG or NWE or OTTR?

Otter Tail Corporation (OTTR) is the more profitable company, earning 21.

2% net margin versus 11. 2% for Northwestern Energy Group Inc — meaning it keeps 21. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OTTR leads at 26. 5% versus 20. 2% for CMS. At the gross margin level — before operating expenses — NWE leads at 82. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is CMS or WEC or EVRG or NWE or OTTR more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Otter Tail Corporation (OTTR) is the more undervalued stock at a PEG of 0. 69x versus WEC Energy Group, Inc. 's 4. 06x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Otter Tail Corporation (OTTR) trades at 15. 9x forward P/E versus 20. 2x for WEC Energy Group, Inc. — 4. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CMS: 9. 5% to $81. 00.

08

Which pays a better dividend — CMS or WEC or EVRG or NWE or OTTR?

All stocks in this comparison pay dividends.

Northwestern Energy Group Inc (NWE) offers the highest yield at 3. 6%, versus 2. 4% for Otter Tail Corporation (OTTR).

09

Is CMS or WEC or EVRG or NWE or OTTR better for a retirement portfolio?

For long-horizon retirement investors, WEC Energy Group, Inc.

(WEC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 03), 3. 1% yield, +133. 1% 10Y return). Both have compounded well over 10 years (WEC: +133. 1%, OTTR: +241. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between CMS and WEC and EVRG and NWE and OTTR?

Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: CMS is a mid-cap quality compounder stock; WEC is a mid-cap income-oriented stock; EVRG is a mid-cap income-oriented stock; NWE is a small-cap income-oriented stock; OTTR is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Beat Both

Find stocks that outperform CMS and WEC and EVRG and NWE and OTTR on the metrics below

Revenue Growth>
%
(CMS: 11.6% · WEC: 9.0%)
Net Margin>
%
(CMS: 12.5% · WEC: 16.2%)
P/E Ratio<
x
(CMS: 21.0x · WEC: 23.3x)

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