Stocks / BKH vs CMS

BKH vs CMS: Which Stock Is the Better Buy?

Black Hills Corporation and CMS Energy Corporation side by side — fundamentals from SEC filings, refreshed nightly. Sector: Utilities.

CMS is the larger company ($22.6B vs $5.5B). On the fundamentals, BKH grows revenue faster (6.4% vs 5.9%); BKH earns a higher net margin (12.6% vs 12.4%); CMS has the stronger return on equity (11.6% vs 7.6%). On the filings, CMS carries fewer potential red flags (1 vs 2). Full numbers below — the stronger figure on each row is in green.

AI verdict — BKH vs CMS, read from the filings

The stronger business, the cheaper stock, and the risks — synthesised from both companies’ SEC filings, every figure computed not guessed. Not investment advice.

 Black Hills Corporation (BKH)CMS Energy Corporation (CMS)
Market cap$5.5B$22.6B
Revenue (latest FY)$2.31B$8.54B
Net income (latest FY)$291.60M$1.06B
Revenue growth (5y CAGR)6.4%5.9%
Net margin12.6%12.4%
Return on equity7.6%11.6%
P/E ratio18.821.6
Dividend yield4.2%3.2%
Profitable years (of last 10)1010
Positive free cash flowNo

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Use the filing period and source shown by each tool before treating two figures as comparable.

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See the full BKH vs CMS breakdown

Both companies across 19 years of income statement, balance sheet and cash flow — with ratios, health checks and Ask, the SEC-grounded research assistant. Free, no account needed.

Open BKH's full financials →   Open CMS's full financials →

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Frequently asked questions

Which is bigger, BKH or CMS?

CMS Energy Corporation is larger by market capitalization — $22.6B versus $5.5B.

Which grows faster, BKH or CMS?

Over the last five fiscal years, Black Hills Corporation grew revenue faster — 6.4%/yr versus 5.9%/yr, computed from SEC-filed statements.

Where does this data come from?

All figures are computed from official SEC filings (10-K), refreshed nightly. This is a data comparison, not investment advice.

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