CMS vs SRE
CMS Energy (CMS) and Sempra (SRE) compared side by side. Sempra (SRE) is larger, with a market cap of $55.0B versus $21.8B for CMS Energy, about 2.5 times the size. On trailing earnings, CMS is cheaper at 20.9x versus 24.3x for SRE.
Head to head
| Metric | CMS | SRE |
|---|---|---|
| Market cap | $21.8B | $55.0B |
| P/E (TTM) | 20.9x | 24.3x |
| Forward P/E | 16.8x | 15.2x |
| Revenue (TTM) | — | $13.6B |
| Revenue growth | — | -0.1% |
| Gross margin | — | 44.0% |
| Operating margin | — | 28.3% |
| Free cash flow | -$2.1B | -$5.2B |
| Dividend yield | 3.28% | 3.13% |
| 1-year return | -3.8% | -5.7% |
| 5-year return (annual) | +5.9% | +8.4% |
| Max drawdown | -91% | -45% |
| FI Handbook grade | C+ | C- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
$10.0K
$12.0K
$14.0K
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CMS vs SRE FAQ
Which is bigger, CMS or SRE?
Sempra (SRE) is larger, with a market cap of $55.0B versus $21.8B for CMS Energy, about 2.5 times the size.
Is CMS or SRE cheaper?
On trailing earnings, CMS is cheaper at 20.9x versus 24.3x for SRE. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, CMS or SRE?
CMS returned -3.8% over the past year including dividends, versus -5.7% for SRE, through October 23, 2026.
Which pays a higher dividend, CMS or SRE?
CMS yields 3.28% versus 3.13% for SRE.
Full pages: CMS Energy · Sempra