Regulated Electric
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WEC vs CMS vs DTE vs EVRG
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
Regulated Electric
Regulated Electric
WEC vs CMS vs DTE vs EVRG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Regulated Electric | Regulated Electric | Regulated Electric | Regulated Electric |
| Market Cap | $37.11B | $22.88B | $29.63B | $18.65B |
| Revenue (TTM) | $10.08B | $8.82B | $16.33B | $5.80B |
| Net Income (TTM) | $1.64B | $1.11B | $1.26B | $850M |
| Gross Margin | 55.7% | 64.6% | 39.4% | 32.2% |
| Operating Margin | 24.0% | 19.5% | 12.5% | 24.8% |
| Forward P/E | 20.4x | 19.1x | 18.4x | 19.1x |
| Total Debt | $22.31B | $18.94B | $26.52B | $245M |
| Cash & Equiv. | $28M | $615M | $250M | $200K |
WEC vs CMS vs DTE vs EVRG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| WEC Energy Group, I… (WEC) | 100 | 124.2 | +24.2% |
| CMS Energy Corporat… (CMS) | 100 | 126.4 | +26.4% |
| DTE Energy Company (DTE) | 100 | 155.6 | +55.6% |
| Evergy, Inc. (EVRG) | 100 | 131.3 | +31.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WEC vs CMS vs DTE vs EVRG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WEC carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 138.3% 10Y total return vs DTE's 132.2%
- 16.2% margin vs DTE's 7.7%
- 3.1% yield, 23-year raise streak, vs EVRG's 3.2%
- 3.3% ROA vs EVRG's 2.5%, ROIC 5.1% vs 8.3%
CMS is the clearest fit if your priority is 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 DTE's 0.07, lower leverage
DTE is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 26.9%, EPS growth 4.3%, 3Y rev CAGR -6.3%
- 26.9% revenue growth vs EVRG's 2.4%
- Lower P/E (18.4x vs 19.1x)
EVRG is the clearest fit if your priority is income & stability and valuation efficiency.
- Dividend streak 6 yrs, beta 0.06, yield 3.2%
- PEG 3.12 vs WEC's 4.10
- +20.9% vs CMS's +3.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 26.9% revenue growth vs EVRG's 2.4% | |
| Value | Lower P/E (18.4x vs 19.1x) | |
| 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 EVRG's 3.2% | |
| Momentum (1Y) | +20.9% vs CMS's +3.9% | |
| Efficiency (ROA) | 3.3% ROA vs EVRG's 2.5%, ROIC 5.1% vs 8.3% |
WEC vs CMS vs DTE vs EVRG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
WEC vs CMS vs DTE vs EVRG — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
EVRG 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)
Evenly matched — CMS and DTE each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DTE is the larger business by revenue, generating $16.3B annually — 2.8x EVRG's $5.8B. 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 | $10.1B | $8.8B | $16.3B | $5.8B |
| EBITDAEarnings before interest/tax | $3.9B | $2.9B | $4.0B | $2.6B |
| Net IncomeAfter-tax profit | $1.6B | $1.1B | $1.3B | $850M |
| Free Cash FlowCash after capex | -$1.1B | -$2.0B | -$243M | -$340M |
| Gross MarginGross profit ÷ Revenue | +55.7% | +64.6% | +39.4% | +32.2% |
| Operating MarginEBIT ÷ Revenue | +24.0% | +19.5% | +12.5% | +24.8% |
| Net MarginNet income ÷ Revenue | +16.2% | +12.5% | +7.7% | +14.6% |
| FCF MarginFCF ÷ Revenue | -11.0% | -23.1% | -1.5% | -5.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.0% | +11.6% | +15.8% | -1.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.9% | +11.9% | -44.4% | +0.5% |
Valuation Metrics
DTE leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 20.2x trailing earnings, DTE trades at a 14% valuation discount to WEC's 23.6x P/E. Adjusting for growth (PEG ratio), CMS offers better value at 3.51x vs WEC's 4.75x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $37.1B | $22.9B | $29.6B | $18.6B |
| Enterprise ValueMkt cap + debt − cash | $59.4B | $41.2B | $55.9B | $18.9B |
| Trailing P/EPrice ÷ TTM EPS | 23.59x | 20.98x | 20.18x | 22.13x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.36x | 19.07x | 18.45x | 19.11x |
| PEG RatioP/E ÷ EPS growth rate | 4.75x | 3.51x | — | 3.62x |
| EV / EBITDAEnterprise value multiple | 15.41x | 14.32x | 13.06x | 7.01x |
| Price / SalesMarket cap ÷ Revenue | 3.79x | 2.68x | 1.87x | 3.13x |
| Price / BookPrice ÷ Book value/share | 2.66x | 2.29x | 2.40x | 5.47x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
EVRG leads this category, winning 6 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 $8 for EVRG. EVRG carries lower financial leverage with a 0.07x 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 | +11.6% | +11.6% | +10.4% | +8.2% |
| ROA (TTM)Return on assets | +3.3% | +2.8% | +3.2% | +2.5% |
| ROICReturn on invested capital | +5.1% | +4.9% | +4.8% | +8.3% |
| ROCEReturn on capital employed | +5.4% | +5.0% | +5.1% | +7.5% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 7 | 7 |
| Debt / EquityFinancial leverage | 1.59x | 1.95x | 2.16x | 0.07x |
| Net DebtTotal debt minus cash | $22.3B | $18.3B | $26.3B | $245M |
| Cash & Equiv.Liquid assets | $28M | $615M | $250M | $200,000 |
| Total DebtShort + long-term debt | $22.3B | $18.9B | $26.5B | $245M |
| Interest CoverageEBIT ÷ Interest expense | 2.87x | 2.58x | 1.94x | 2.49x |
Total Returns (Dividends Reinvested)
EVRG leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EVRG five years ago would be worth $14,667 today (with dividends reinvested), compared to $13,029 for CMS. Over the past 12 months, EVRG leads with a +20.9% total return vs CMS's +3.9%. The 3-year compound annual growth rate (CAGR) favors EVRG at 12.7% vs CMS's 9.3% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +7.9% | +6.0% | +10.2% | +11.8% |
| 1-Year ReturnPast 12 months | +7.1% | +3.9% | +6.7% | +20.9% |
| 3-Year ReturnCumulative with dividends | +30.6% | +30.5% | +37.3% | +43.2% |
| 5-Year ReturnCumulative with dividends | +32.6% | +30.3% | +35.0% | +46.7% |
| 10-Year ReturnCumulative with dividends | +138.3% | +121.2% | +132.2% | +99.4% |
| CAGR (3Y)Annualised 3-year return | +9.3% | +9.3% | +11.1% | +12.7% |
Risk & Volatility
WEC leads this category, winning 2 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 DTE's 0.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WEC currently trades 95.3% from its 52-week high vs DTE's 92.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.03x | 0.01x | 0.07x | 0.06x |
| 52-Week HighHighest price in past year | $119.62 | $80.36 | $154.63 | $85.27 |
| 52-Week LowLowest price in past year | $100.61 | $67.71 | $126.23 | $63.29 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +92.1% | +92.1% | +95.0% |
| RSI (14)Momentum oscillator 0–100 | 48.5 | 41.7 | 42.5 | 49.0 |
| Avg Volume (50D)Average daily shares traded | 1.8M | 2.6M | 1.2M | 1.8M |
Analyst Outlook
Evenly matched — WEC and EVRG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: WEC as "Hold", CMS as "Buy", DTE as "Hold", EVRG as "Hold". Consensus price targets imply 12.2% upside for DTE (target: $160) vs 7.8% for WEC (target: $123). For income investors, EVRG offers the higher dividend yield at 3.24% vs DTE's 2.95%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Hold | Hold |
| Price TargetConsensus 12-month target | $122.78 | $81.00 | $159.88 | $89.00 |
| # AnalystsCovering analysts | 34 | 29 | 45 | 18 |
| Dividend YieldAnnual dividend ÷ price | +3.1% | +3.0% | +3.0% | +3.2% |
| Dividend StreakConsecutive years of raises | 23 | 19 | 3 | 6 |
| Dividend / ShareAnnual DPS | $3.50 | $2.21 | $4.21 | $2.62 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% | 0.0% | 0.0% |
EVRG leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). DTE leads in 1 (Valuation Metrics). 2 tied.
WEC vs CMS vs DTE vs EVRG: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is WEC or CMS or DTE or EVRG 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 2. 4% for Evergy, Inc. (EVRG). DTE Energy Company (DTE) offers the better valuation at 20. 2x trailing P/E (18. 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 — WEC or CMS or DTE or EVRG?
On trailing P/E, DTE Energy Company (DTE) is the cheapest at 20.
2x versus WEC Energy Group, Inc. at 23. 6x. On forward P/E, DTE Energy Company is actually cheaper at 18. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Evergy, Inc. wins at 3. 12x versus WEC Energy Group, Inc. 's 4. 10x.
03Which is the better long-term investment — WEC or CMS or DTE or EVRG?
Over the past 5 years, Evergy, Inc.
(EVRG) delivered a total return of +46. 7%, compared to +30. 3% for CMS Energy Corporation (CMS). Over 10 years, the gap is even starker: WEC returned +138. 3% versus EVRG's +99. 4%. 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 — WEC or CMS or DTE or EVRG?
By beta (market sensitivity over 5 years), WEC Energy Group, Inc.
(WEC) is the lower-risk stock at -0. 03β versus DTE Energy Company's 0. 07β — meaning DTE is approximately -362% more volatile than WEC relative to the S&P 500. On balance sheet safety, Evergy, Inc. (EVRG) carries a lower debt/equity ratio of 7% versus 2% for DTE Energy Company — giving it more financial flexibility in a downturn.
05Which is growing faster — WEC or CMS or DTE or EVRG?
By revenue growth (latest reported year), DTE Energy Company (DTE) is pulling ahead at 26.
9% versus 2. 4% for Evergy, Inc. (EVRG). On earnings-per-share growth, the picture is similar: CMS Energy Corporation grew EPS 6. 0% year-over-year, compared to -3. 4% for Evergy, Inc.. Over a 3-year CAGR, WEC leads at 0. 7% 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 — WEC or CMS or DTE or EVRG?
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: EVRG leads at 25. 7% 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 WEC or CMS or DTE or EVRG 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, Evergy, Inc. (EVRG) is the more undervalued stock at a PEG of 3. 12x versus WEC Energy Group, Inc. 's 4. 10x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, DTE Energy Company (DTE) trades at 18. 4x forward P/E versus 20. 4x for WEC Energy Group, Inc. — 1. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DTE: 12. 2% to $159. 88.
08Which pays a better dividend — WEC or CMS or DTE or EVRG?
All stocks in this comparison pay dividends.
Evergy, Inc. (EVRG) offers the highest yield at 3. 2%, versus 3. 0% for DTE Energy Company (DTE).
09Is WEC or CMS or DTE or EVRG 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, +138. 3% 10Y return). Both have compounded well over 10 years (WEC: +138. 3%, EVRG: +99. 4%), 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 WEC and CMS and DTE and EVRG?
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: WEC is a mid-cap income-oriented stock; CMS is a mid-cap quality compounder stock; DTE is a mid-cap high-growth stock; EVRG 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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