CMSA vs BYD

Comparison between CMS Energy Corporation (CMSA, Company) and Boyd Gaming Corp (BYD, Company).

CMSA is from the Utilities sector, while BYD is from the Consumer Cyclical sector.

5-Year PerformanceBYD has outperformed CMSA, delivering a return of +7.8% compared to +0.7%

CMSA vs BYD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CMSA(COMPANY)	BYD(COMPANY)
Market Cap	$6.50B	$6.50B
Max Drawdown	33.16%	94.75%
Sharpe Ratio	0.42	0.56
5Y Beta	0.18	0.91
Industry	Multiline Utilities	Resorts & Casinos
P/E Ratio	5.80	3.70
Forward P/E	N/A	11.29
PEG Ratio	0.93	0.01
Dividend Yield	6.43%	0.85%
5Y Dividends CAGR	4.55%	N/A
5Y EPS CAGR	3.94%	87.06%
Debt to Equity	199.20%	89.57%
Free Cash Flow Yield	-57.13%	4.33%
P/S Ratio	N/A	1.57
P/B Ratio	N/A	2.54

Market Cap

CMSA

$6.50B

Winner

BYD

$6.50B

Max Drawdown

Winner

CMSA

33.16%

BYD

94.75%

Sharpe Ratio

CMSA

0.42

Winner

BYD

0.56

5Y Beta

Winner

CMSA

0.18

BYD

0.91

Industry

CMSA

Multiline Utilities

BYD

Resorts & Casinos

P/E Ratio

CMSA

5.80

Winner

BYD

3.70

Forward P/E

CMSA

N/A

BYD

11.29

PEG Ratio

CMSA

0.93

Winner

BYD

0.01

Dividend Yield

Winner

CMSA

6.43%

BYD

0.85%

5Y Dividends CAGR

CMSA

4.55%

BYD

N/A

5Y EPS CAGR

CMSA

3.94%

Winner

BYD

87.06%

Debt to Equity

CMSA

199.20%

Winner

BYD

89.57%

Free Cash Flow Yield

CMSA

-57.13%

Winner

BYD

4.33%

P/S Ratio

CMSA

N/A

BYD

1.57

P/B Ratio

CMSA

N/A

BYD

2.54

CMSA vs BYD - Historical Returns

Returns include dividend reinvestment.

Period	CMSA	BYD
1 month	-3.14%	+6.39%
3 months	-2.30%	+7.85%
6 months	-0.85%	+3.25%
1 year	+6.96%	+17.22%
5 years(CAGR)	+0.74%	+7.82%
10 years(CAGR)	+3.54%	+17.64%
Max(CAGR)	+3.54%	+10.85%

CMSA

-3.14%

Winner

BYD

+6.39%

CMSA

-2.30%

Winner

BYD

+7.85%

CMSA

-0.85%

Winner

BYD

+3.25%

CMSA

+6.96%

Winner

BYD

+17.22%

5Y(CAGR)

CMSA

+0.74%

Winner

BYD

+7.82%

10Y(CAGR)

CMSA

+3.54%

Winner

BYD

+17.64%

Max(CAGR)

CMSA

+3.54%

Winner

BYD

+10.85%

CMSA vs BYD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CMSA	BYD
2026	-1.88%	+1.73%
2025	+2.51%	+19.77%
2024	-3.65%	+14.92%
2023	+19.05%	+16.27%
2022	-12.22%	-14.90%
2021	-1.02%	+55.67%
2020	+13.20%	+42.83%
2019	+15.23%	+42.16%
2018	-2.55%	-39.25%
2017	N/A	+72.64%
2016	N/A	+6.10%
2015	N/A	+58.83%
2014	N/A	+13.00%
2013	N/A	+66.08%
2012	N/A	-13.65%
2011	N/A	-30.99%
2010	N/A	+23.26%
2009	N/A	+67.40%
2008	N/A	-85.60%
2007	N/A	-24.81%
2006	N/A	-5.20%
2005	N/A	+18.04%
2004	N/A	+153.49%
2003	N/A	+12.37%
2002	N/A	+116.82%
2001	N/A	+79.31%
2000	N/A	-40.21%
1999	N/A	-10.57%

CMSA vs BYD Drawdown Comparison

The maximum drawdown for CMSA was -32.25%, occurring on Mar 18, 2020. Recovery took 119 trading sessions.

The maximum drawdown for BYD was -94.49%, occurring on Nov 20, 2008. Recovery took 4001 trading sessions.

The current CMSA drawdown is -9.83%. The current BYD drawdown is -2.10%.

Rank	CMSA	BYD
#1	-32.25% Feb 4, 2020 - Jul 24, 2020	-94.49% Mar 17, 2005 - Feb 8, 2021
#2	-17.09% Jun 22, 2021 - Dec 20, 2023	-51.26% Nov 8, 1999 - Jan 8, 2002
#3	-15.78% Sep 23, 2024 - Sep 29, 2025	-40.76% Sep 30, 2002 - Feb 6, 2004
#4	-10.40% Sep 30, 2025 - Mar 31, 2026	-34.57% Feb 16, 2022 - May 1, 2023
#5	-8.34% Dec 30, 2020 - Jun 22, 2021	-30.87% Apr 18, 2002 - Aug 20, 2002
#6	-8.01% Aug 30, 2018 - Jan 11, 2019	-30.29% Jul 19, 2023 - Nov 7, 2024
#7	-6.92% Mar 21, 2024 - Aug 16, 2024	-25.14% Apr 27, 2021 - Feb 9, 2022
#8	-4.02% Nov 14, 2019 - Jan 9, 2020	-23.34% Feb 19, 2025 - Jul 1, 2025
#9	-3.90% Mar 16, 2018 - Aug 22, 2018	-14.98% Mar 1, 2002 - Mar 19, 2002
#10	-3.39% Jan 31, 2019 - Mar 27, 2019	-13.31% Mar 11, 2021 - Apr 16, 2021
#11	-3.35% Apr 30, 2019 - Jun 10, 2019	-12.79% Apr 21, 2004 - Jun 9, 2004
#12	-3.32% Sep 3, 2019 - Sep 27, 2019	-12.59% Jan 15, 2026 - May 19, 2026
#13	-3.14% Jul 29, 2020 - Oct 27, 2020	-12.10% Sep 29, 2025 - Jan 5, 2026
#14	-2.81% Feb 1, 2024 - Feb 23, 2024	-11.44% Jul 1, 2004 - Sep 14, 2004
#15	-2.34% Jul 31, 2019 - Aug 20, 2019	-10.59% May 1, 2023 - Jul 13, 2023

Correlation

Correlation between CMSA and BYD is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2003 - 2026)

CMSA vs BYD dividend yield comparison.

Year	CMSA	BYD
2026	3.33%	0.23%
2025	6.41%	0.84%
2024	6.30%	0.94%
2023	5.74%	1.02%
2022	6.46%	1.36%
2021	5.32%	0.00%
2020	4.94%	0.00%
2019	5.37%	0.90%
2018	2.97%	1.11%
2017	0.00%	0.43%
2008	0.00%	6.34%
2007	0.00%	1.72%
2006	0.00%	1.17%
2005	0.00%	0.97%
2004	0.00%	0.77%
2003	0.00%	0.93%