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Compare · CMS vs XEL

CMS vs XEL

Side-by-side comparison of CMS Energy Corporation (CMS) and Xcel Energy Inc. (XEL): market cap, price performance, sector, and recent activity on the wire.

Summary

  • Both CMS and XEL operate in Power Generation (Utilities), so they compete in similar markets.
  • XEL is the larger of the two at $48.55B, about 2.2x CMS ($21.74B).
  • Over the past year, CMS is up 1.5% and XEL is up 13.4% - XEL leads by 11.9 points.
  • CMS has been more active in the news (21 items in the past 4 weeks vs 14 for XEL).
  • Both have 25 recent analyst ratings on file.
PerformanceCMS+1.51%XEL+13.39%
2025-06-05+0.00%2026-06-04
MetricCMSXEL
Company
CMS Energy Corporation
Xcel Energy Inc.
Price
$70.37+0.19%
$77.76+0.50%
Market cap
$21.74B
$48.55B
1M return
-6.04%
-4.51%
1Y return
+1.51%
+13.39%
Industry
Power Generation
Power Generation
Exchange
NYSE
NASDAQ
IPO
News (4w)
21
14
Recent ratings
25
25
CMS

CMS Energy Corporation

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 205 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 77,833 miles of electric distribution overhead lines; 9,264 miles of underground distribution lines; 1,096 substations; and 2 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,410 miles of transmission lines; 15 gas storage fields; 27,958 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It owns interests in independent power plants totalling 1,838 megawatts. The EnterBank segment operates an industrial bank providing unsecured installment loans for financing home improvements. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.

XEL

Xcel Energy Inc.

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

Latest CMS

Latest XEL