Regulated Electric
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5 / 10Stock Comparison
CMS vs WEC vs EVRG vs NWE vs OTTR
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
Regulated Electric
Diversified Utilities
Diversified Utilities
CMS vs WEC vs EVRG vs NWE vs OTTR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Regulated Electric | Regulated Electric | Regulated Electric | Diversified Utilities | Diversified 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 Margin | 64.6% | 55.7% | 41.5% | 61.9% | 34.9% |
| Operating Margin | 19.5% | 24.0% | 25.4% | 19.2% | 26.4% |
| Forward P/E | 19.0x | 20.2x | 19.5x | 19.3x | 15.9x |
| 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 OTTR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| CMS Energy Corporat… (CMS) | 100 | 126.3 | +26.3% |
| WEC Energy Group, I… (WEC) | 100 | 122.9 | +22.9% |
| Evergy, Inc. (EVRG) | 100 | 134.1 | +34.1% |
| Northwestern Energy… (NWE) | 100 | 120.4 | +20.4% |
| Otter Tail Corporat… (OTTR) | 100 | 204.7 | +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.
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
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%
Among these 5 stocks, EVRG doesn't own a clear edge in any measured category.
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%
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%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.0% revenue growth vs OTTR's -2.0% | |
| Value | Lower P/E (15.9x vs 19.3x) | |
| Quality / Margins | 21.3% margin vs NWE's 10.2% | |
| Stability / Safety | Beta 0.01 vs OTTR's 0.42 | |
| Dividends | 3.6% yield, 20-year raise streak, vs WEC's 3.1% | |
| Momentum (1Y) | +30.2% vs CMS's +3.0% | |
| Efficiency (ROA) | 7.1% 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
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.
Who Leads Where
OTTR leads in 3 of 6 categories
EVRG leads 1 • CMS leads 0 • WEC leads 0 • NWE leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
OTTR leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
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.
| Metric | |||||
|---|---|---|---|---|---|
| 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% |
Valuation Metrics
OTTR leads this category, winning 4 of 6 comparable metrics.
Valuation 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.
| Metric | |||||
|---|---|---|---|---|---|
| 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 EPS | 20.95x | 23.35x | 22.60x | 24.63x | 13.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.05x | 20.15x | 19.52x | 19.30x | 15.88x |
| PEG RatioP/E ÷ EPS growth rate | 3.50x | 4.70x | 3.70x | — | 0.59x |
| EV / EBITDAEnterprise value multiple | 14.31x | 15.32x | 12.72x | 13.44x | 9.49x |
| Price / SalesMarket cap ÷ Revenue | 2.68x | 3.75x | 3.22x | 2.77x | 2.83x |
| Price / BookPrice ÷ Book value/share | 2.29x | 2.63x | 1.88x | 1.54x | 1.99x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — | 37.64x |
Profitability & Efficiency
OTTR leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | |||||
|---|---|---|---|---|---|
| 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 0–9 | 6 | 5 | 4 | 5 | 4 |
| Debt / EquityFinancial leverage | 1.95x | 1.59x | 1.50x | 1.14x | 0.59x |
| 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 expense | 2.58x | 2.87x | 2.46x | 2.25x | 7.32x |
Total Returns (Dividends Reinvested)
EVRG leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | |||||
|---|---|---|---|---|---|
| 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% |
Risk & Volatility
Evenly matched — WEC and EVRG each lead in 1 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.01x | -0.03x | 0.06x | 0.24x | 0.42x |
| 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 0–100 | 38.2 | 44.5 | 45.8 | 51.8 | 51.4 |
| Avg Volume (50D)Average daily shares traded | 2.6M | 1.8M | 1.8M | 462K | 277K |
Analyst Outlook
Evenly matched — WEC and NWE each lead in 1 of 2 comparable metrics.
Analyst Outlook
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%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Hold | Hold |
| Price TargetConsensus 12-month target | $81.00 | $122.78 | $89.00 | $66.33 | $81.00 |
| # AnalystsCovering analysts | 29 | 34 | 18 | 18 | 7 |
| Dividend YieldAnnual dividend ÷ price | +3.0% | +3.1% | +3.2% | +3.6% | +2.4% |
| Dividend StreakConsecutive years of raises | 19 | 23 | 6 | 20 | 11 |
| Dividend / ShareAnnual DPS | $2.21 | $3.50 | $2.62 | $2.63 | $2.09 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% | 0.0% | 0.0% | 0.0% |
OTTR leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). EVRG leads in 1 (Total Returns). 2 tied.
CMS vs WEC vs EVRG vs NWE vs OTTR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Which 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.
07Is 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.
08Which 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).
09Is 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.
10What 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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