COMP <GO>
CMS vs NI // EV/EBITDA & P/E VALUATION
CMS Energy Corporation (NYSE) VS. NiSource Inc (NYSE) • 15-METRIC TALLY: CMS 5
— NI 7
▲ EV/EBITDA & P/E VALUATION LEADER: NI
LAST: $70.10 (+0.83%) • MKT CAP: $21.99B
valuation
19.1x
LAST: $44.57 (-0.40%) • MKT CAP: $21.38B
valuation
6.8x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CMS VS. NI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CMS | NI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.20% | 8.80% | -3.60 | NI | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 19.1x | 6.8x | +12.30 | NI | /valuation <GO> |
| Free Cash Flow Yield | 8.54% | -1.96% | +10.50 | CMS | /fcf-yield <GO> |
| Operating Margin | 20.80% | 28.10% | -7.30 | NI | /operating-margins <GO> |
| Net Profit Margin | 12.90% | 14.30% | -1.40 | NI | /net-margins <GO> |
| Revenue Growth (YoY) | 13.50% | 23.50% | -10.00 | NI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 3.40% | 2.47% | +0.93 | CMS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.12 | 1.05 | +0.07 | CMS | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 62.5 | 69.9 | -7.40 | NI | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.73 | 0.75 | -0.02 | NI | /macro-sensitivity <GO> |
| Forward P/E Multiple | 17.1x | 19.4x | -2.30 | CMS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $21.99B | $21.38B | $606.3M | CMS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CMS REV | NI REV | CMS GROSS % | NI GROSS % | CMS FCF | NI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $8.30B | $6.52B | — | — | $1.86B | -$420.0M |
| FY 2024 | $7.32B | $5.28B | — | — | $2.04B | -$832.5M |
| FY 2023 | $7.26B | $5.35B | — | — | $1.98B | $1.69B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CMS // BETA 0.73
NI // BETA 0.75