Regulated Electric
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DTE vs CMS vs WEC vs ED
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
Regulated Electric
Regulated Electric
DTE vs CMS vs WEC vs ED — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Regulated Electric | Regulated Electric | Regulated Electric | Regulated Electric |
| Market Cap | $29.52B | $22.85B | $36.74B | $39.20B |
| Revenue (TTM) | $16.33B | $8.82B | $10.08B | $17.21B |
| Net Income (TTM) | $1.26B | $1.11B | $1.64B | $2.15B |
| Gross Margin | 39.4% | 64.6% | 55.7% | 67.5% |
| Operating Margin | 12.5% | 19.5% | 24.0% | 17.3% |
| Forward P/E | 18.4x | 19.0x | 20.2x | 17.4x |
| Total Debt | $26.52B | $18.94B | $22.31B | $28.75B |
| Cash & Equiv. | $250M | $615M | $28M | $1.63B |
DTE vs CMS vs WEC vs ED — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| DTE Energy Company (DTE) | 100 | 155.0 | +55.0% |
| CMS Energy Corporat… (CMS) | 100 | 126.3 | +26.3% |
| WEC Energy Group, I… (WEC) | 100 | 122.9 | +22.9% |
| Consolidated Edison… (ED) | 100 | 141.7 | +41.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DTE vs CMS vs WEC vs ED
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DTE is the clearest fit if your priority is growth exposure.
- Rev growth 26.9%, EPS growth 4.3%, 3Y rev CAGR -6.3%
- 26.9% revenue growth vs ED's 10.9%
CMS is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 19 yrs, beta 0.01, yield 3.0%
- Lower volatility, beta 0.01, current ratio 0.98x
- Beta 0.01, yield 3.0%, current ratio 0.98x
- Beta 0.01 vs DTE's 0.07, lower leverage
WEC carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 133.1% 10Y total return vs DTE's 130.8%
- 16.2% margin vs DTE's 7.7%
- 3.1% yield, 23-year raise streak, vs DTE's 3.0%
- +6.2% vs ED's -1.1%
ED is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 1.52 vs WEC's 4.06
- Lower P/E (17.4x vs 20.2x), PEG 1.52 vs 4.06
- 4.0% ROA vs CMS's 2.8%, ROIC 4.4% vs 4.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 26.9% revenue growth vs ED's 10.9% | |
| Value | Lower P/E (17.4x vs 20.2x), PEG 1.52 vs 4.06 | |
| Quality / Margins | 16.2% margin vs DTE's 7.7% | |
| Stability / Safety | Beta 0.01 vs DTE's 0.07, lower leverage | |
| Dividends | 3.1% yield, 23-year raise streak, vs DTE's 3.0% | |
| Momentum (1Y) | +6.2% vs ED's -1.1% | |
| Efficiency (ROA) | 4.0% ROA vs CMS's 2.8%, ROIC 4.4% vs 4.9% |
DTE vs CMS vs WEC vs ED — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DTE vs CMS vs WEC vs ED — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
ED leads in 2 of 6 categories
DTE leads 1 • WEC leads 1 • CMS leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
ED leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ED is the larger business by revenue, generating $17.2B annually — 2.0x CMS's $8.8B. WEC is the more profitable business, keeping 16.2% of every revenue dollar as net income compared to DTE's 7.7%. On growth, DTE holds the edge at +15.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $16.3B | $8.8B | $10.1B | $17.2B |
| EBITDAEarnings before interest/tax | $4.0B | $2.9B | $3.9B | $5.3B |
| Net IncomeAfter-tax profit | $1.3B | $1.1B | $1.6B | $2.2B |
| Free Cash FlowCash after capex | -$243M | -$2.0B | -$1.1B | $4.0B |
| Gross MarginGross profit ÷ Revenue | +39.4% | +64.6% | +55.7% | +67.5% |
| Operating MarginEBIT ÷ Revenue | +12.5% | +19.5% | +24.0% | +17.3% |
| Net MarginNet income ÷ Revenue | +7.7% | +12.5% | +16.2% | +12.5% |
| FCF MarginFCF ÷ Revenue | -1.5% | -23.1% | -11.0% | +23.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.8% | +11.6% | +9.0% | +6.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -44.4% | +11.9% | +7.9% | +12.9% |
Valuation Metrics
ED leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 18.9x trailing earnings, ED trades at a 19% valuation discount to WEC's 23.3x P/E. Adjusting for growth (PEG ratio), ED offers better value at 1.65x vs WEC's 4.70x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $29.5B | $22.8B | $36.7B | $39.2B |
| Enterprise ValueMkt cap + debt − cash | $55.8B | $41.2B | $59.0B | $66.3B |
| Trailing P/EPrice ÷ TTM EPS | 20.10x | 20.95x | 23.35x | 18.86x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.38x | 19.05x | 20.15x | 17.44x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.50x | 4.70x | 1.65x |
| EV / EBITDAEnterprise value multiple | 13.03x | 14.31x | 15.32x | 12.63x |
| Price / SalesMarket cap ÷ Revenue | 1.87x | 2.68x | 3.75x | 2.32x |
| Price / BookPrice ÷ Book value/share | 2.39x | 2.29x | 2.63x | 1.58x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 1088.79x |
Profitability & Efficiency
Evenly matched — WEC and ED each lead in 3 of 9 comparable metrics.
Profitability & Efficiency
WEC delivers a 11.6% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $9 for ED. ED carries lower financial leverage with a 1.19x debt-to-equity ratio, signaling a more conservative balance sheet compared to DTE's 2.16x. On the Piotroski fundamental quality scale (0–9), DTE scores 7/9 vs WEC's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +10.4% | +11.6% | +11.6% | +9.0% |
| ROA (TTM)Return on assets | +3.2% | +2.8% | +3.3% | +4.0% |
| ROICReturn on invested capital | +4.8% | +4.9% | +5.1% | +4.4% |
| ROCEReturn on capital employed | +5.1% | +5.0% | +5.4% | +4.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 5 | 6 |
| Debt / EquityFinancial leverage | 2.16x | 1.95x | 1.59x | 1.19x |
| Net DebtTotal debt minus cash | $26.3B | $18.3B | $22.3B | $27.1B |
| Cash & Equiv.Liquid assets | $250M | $615M | $28M | $1.6B |
| Total DebtShort + long-term debt | $26.5B | $18.9B | $22.3B | $28.8B |
| Interest CoverageEBIT ÷ Interest expense | 1.94x | 2.58x | 2.87x | 3.11x |
Total Returns (Dividends Reinvested)
DTE leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ED five years ago would be worth $15,716 today (with dividends reinvested), compared to $13,036 for CMS. Over the past 12 months, WEC leads with a +6.2% total return vs ED's -1.1%. The 3-year compound annual growth rate (CAGR) favors DTE at 11.0% vs ED's 5.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +9.8% | +5.8% | +6.8% | +7.3% |
| 1-Year ReturnPast 12 months | +5.6% | +3.0% | +6.2% | -1.1% |
| 3-Year ReturnCumulative with dividends | +36.8% | +30.3% | +29.4% | +17.6% |
| 5-Year ReturnCumulative with dividends | +34.2% | +30.4% | +31.8% | +57.2% |
| 10-Year ReturnCumulative with dividends | +130.8% | +119.4% | +133.1% | +84.5% |
| CAGR (3Y)Annualised 3-year return | +11.0% | +9.2% | +9.0% | +5.6% |
Risk & Volatility
Evenly matched — WEC and ED each lead in 1 of 2 comparable metrics.
Risk & Volatility
ED is the less volatile stock with a -0.41 beta — it tends to amplify market swings less than DTE's 0.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.07x | 0.01x | -0.03x | -0.41x |
| 52-Week HighHighest price in past year | $154.63 | $80.36 | $119.62 | $116.17 |
| 52-Week LowLowest price in past year | $126.23 | $67.71 | $100.61 | $94.96 |
| % of 52W HighCurrent price vs 52-week peak | +91.8% | +92.0% | +94.3% | +91.6% |
| RSI (14)Momentum oscillator 0–100 | 40.6 | 38.2 | 44.5 | 37.6 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 2.6M | 1.8M | 1.8M |
Analyst Outlook
WEC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DTE as "Hold", CMS as "Buy", WEC as "Hold", ED as "Hold". Consensus price targets imply 12.7% upside for DTE (target: $160) vs 2.2% for ED (target: $109). For income investors, WEC offers the higher dividend yield at 3.10% vs DTE's 2.97%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Hold | Hold |
| Price TargetConsensus 12-month target | $159.88 | $81.00 | $122.78 | $108.78 |
| # AnalystsCovering analysts | 45 | 29 | 34 | 27 |
| Dividend YieldAnnual dividend ÷ price | +3.0% | +3.0% | +3.1% | +3.1% |
| Dividend StreakConsecutive years of raises | 3 | 19 | 23 | 10 |
| Dividend / ShareAnnual DPS | $4.21 | $2.21 | $3.50 | $3.25 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.0% | 0.0% |
ED leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). DTE leads in 1 (Total Returns). 2 tied.
DTE vs CMS vs WEC vs ED: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DTE or CMS or WEC or ED a better buy right now?
For growth investors, DTE Energy Company (DTE) is the stronger pick with 26.
9% revenue growth year-over-year, versus 10. 9% for Consolidated Edison, Inc. (ED). Consolidated Edison, Inc. (ED) offers the better valuation at 18. 9x trailing P/E (17. 4x 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 — DTE or CMS or WEC or ED?
On trailing P/E, Consolidated Edison, Inc.
(ED) is the cheapest at 18. 9x versus WEC Energy Group, Inc. at 23. 3x. On forward P/E, Consolidated Edison, Inc. is actually cheaper at 17. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Consolidated Edison, Inc. wins at 1. 52x versus WEC Energy Group, Inc. 's 4. 06x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — DTE or CMS or WEC or ED?
Over the past 5 years, Consolidated Edison, Inc.
(ED) delivered a total return of +57. 2%, compared to +30. 4% for CMS Energy Corporation (CMS). Over 10 years, the gap is even starker: WEC returned +133. 1% versus ED's +84. 5%. 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 — DTE or CMS or WEC or ED?
By beta (market sensitivity over 5 years), Consolidated Edison, Inc.
(ED) is the lower-risk stock at -0. 41β versus DTE Energy Company's 0. 07β — meaning DTE is approximately -118% more volatile than ED relative to the S&P 500. On balance sheet safety, Consolidated Edison, Inc. (ED) carries a lower debt/equity ratio of 119% versus 2% for DTE Energy Company — giving it more financial flexibility in a downturn.
05Which is growing faster — DTE or CMS or WEC or ED?
By revenue growth (latest reported year), DTE Energy Company (DTE) is pulling ahead at 26.
9% versus 10. 9% for Consolidated Edison, Inc. (ED). On earnings-per-share growth, the picture is similar: Consolidated Edison, Inc. grew EPS 7. 6% year-over-year, compared to 0. 0% for WEC Energy Group, Inc.. Over a 3-year CAGR, ED leads at 2. 6% 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 — DTE or CMS or WEC or ED?
WEC Energy Group, Inc.
(WEC) is the more profitable company, earning 15. 9% net margin versus 9. 2% for DTE Energy Company — meaning it keeps 15. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WEC leads at 24. 2% versus 15. 0% for DTE. At the gross margin level — before operating expenses — DTE leads at 84. 9%, 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 DTE or CMS or WEC or ED 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, Consolidated Edison, Inc. (ED) is the more undervalued stock at a PEG of 1. 52x versus WEC Energy Group, Inc. 's 4. 06x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Consolidated Edison, Inc. (ED) trades at 17. 4x forward P/E versus 20. 2x for WEC Energy Group, Inc. — 2. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DTE: 12. 7% to $159. 88.
08Which pays a better dividend — DTE or CMS or WEC or ED?
All stocks in this comparison pay dividends.
WEC Energy Group, Inc. (WEC) offers the highest yield at 3. 1%, versus 3. 0% for DTE Energy Company (DTE).
09Is DTE or CMS or WEC or ED better for a retirement portfolio?
For long-horizon retirement investors, Consolidated Edison, Inc.
(ED) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 41), 3. 1% yield). Both have compounded well over 10 years (ED: +84. 5%, DTE: +130. 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 DTE and CMS and WEC and ED?
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: DTE is a mid-cap high-growth stock; CMS is a mid-cap quality compounder stock; WEC is a mid-cap income-oriented stock; ED is a mid-cap income-oriented 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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