LNC vs CMSC

Comparison between Lincoln National Corp (LNC, Company) and CMS Energy Corporation (CMSC, Company).

LNC is from the Financial Services sector, while CMSC is from the Utilities sector.

5-Year PerformanceCMSC has outperformed LNC, delivering a return of +1.7% compared to -6.6%

LNC vs CMSC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LNC(COMPANY)	CMSC(COMPANY)
Market Cap	$6.92B	$6.89B
Max Drawdown	93.27%	33.40%
Sharpe Ratio	0.56	0.50
5Y Beta	1.33	0.16
Industry	Insurance - Life	Multiline Utilities
P/E Ratio	3.98	6.15
Forward P/E	4.08	N/A
PEG Ratio	0.24	0.99
Dividend Yield	4.92%	6.65%
5Y Dividends CAGR	6.53%	4.57%
5Y EPS CAGR	40.84%	3.94%
Debt to Equity	62.37%	199.20%
Free Cash Flow Yield	3.51%	-53.87%
P/S Ratio	0.36	N/A
P/B Ratio	0.72	N/A

Market Cap

Winner

LNC

$6.92B

CMSC

$6.89B

Max Drawdown

LNC

93.27%

Winner

CMSC

33.40%

Sharpe Ratio

Winner

LNC

0.56

CMSC

0.50

5Y Beta

LNC

1.33

Winner

CMSC

0.16

Industry

LNC

Insurance - Life

CMSC

Multiline Utilities

P/E Ratio

Winner

LNC

3.98

CMSC

6.15

Forward P/E

LNC

4.08

CMSC

N/A

PEG Ratio

Winner

LNC

0.24

CMSC

0.99

Dividend Yield

LNC

4.92%

Winner

CMSC

6.65%

5Y Dividends CAGR

Winner

LNC

6.53%

CMSC

4.57%

5Y EPS CAGR

Winner

LNC

40.84%

CMSC

3.94%

Debt to Equity

Winner

LNC

62.37%

CMSC

199.20%

Free Cash Flow Yield

Winner

LNC

3.51%

CMSC

-53.87%

P/S Ratio

LNC

0.36

CMSC

N/A

P/B Ratio

LNC

0.72

CMSC

N/A

LNC vs CMSC - Historical Returns

Returns include dividend reinvestment.

Period	LNC	CMSC
1 month	+6.31%	-3.25%
3 months	+15.97%	-1.75%
6 months	-15.22%	-0.84%
1 year	+18.21%	+7.24%
5 years(CAGR)	-6.59%	+1.74%
10 years(CAGR)	+2.49%	N/A
Max(CAGR)	+2.07%	+4.23%

Winner

LNC

+6.31%

CMSC

-3.25%

Winner

LNC

+15.97%

CMSC

-1.75%

LNC

-15.22%

Winner

CMSC

-0.84%

Winner

LNC

+18.21%

CMSC

+7.24%

5Y(CAGR)

LNC

-6.59%

Winner

CMSC

+1.74%

10Y(CAGR)

LNC

+2.49%

CMSC

N/A

Max(CAGR)

LNC

+2.07%

Winner

CMSC

+4.23%

LNC vs CMSC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LNC	CMSC
2026	-15.13%	-0.68%
2025	+47.71%	+3.88%
2024	+23.19%	-0.89%
2023	-5.90%	+17.46%
2022	-54.50%	-11.50%
2021	+43.70%	-0.02%
2020	-12.22%	+10.47%
2019	+17.43%	+16.28%
2018	-32.91%	-3.45%
2017	+16.82%	N/A
2016	+38.23%	N/A
2015	-11.17%	N/A
2014	+15.57%	N/A
2013	+91.02%	N/A
2012	+29.92%	N/A
2011	-33.13%	N/A
2010	+7.62%	N/A
2009	+26.26%	N/A
2008	-65.18%	N/A
2007	-10.39%	N/A
2006	+27.38%	N/A
2005	+18.59%	N/A
2004	+19.80%	N/A
2003	+27.58%	N/A
2002	-32.44%	N/A
2001	+9.83%	N/A
2000	+24.88%	N/A
1999	-12.93%	N/A

LNC vs CMSC Drawdown Comparison

The maximum drawdown for LNC was -92.86%, occurring on Mar 9, 2009. Recovery took 2401 trading sessions.

The maximum drawdown for CMSC was -32.28%, occurring on Mar 18, 2020. Recovery took 208 trading sessions.

The current LNC drawdown is -38.30%. The current CMSC drawdown is -5.11%.

Rank	LNC	CMSC
#1	-92.86% May 15, 2007 - Nov 23, 2016	-32.28% Sep 27, 2019 - Jul 27, 2020
#2	-79.20% Feb 1, 2018 - Mar 20, 2020	-17.19% Jun 22, 2021 - Nov 30, 2023
#3	-52.11% Sep 11, 2000 - Apr 12, 2004	-10.25% Sep 10, 2024 - Aug 25, 2025
#4	-51.05% Nov 16, 1999 - Aug 11, 2000	-7.07% Feb 20, 2026 - Mar 31, 2026
#5	-15.22% Apr 12, 2004 - Feb 11, 2005	-6.62% Dec 31, 2020 - Jun 17, 2021
#6	-14.22% Feb 11, 2005 - Aug 2, 2005	-5.54% Jan 31, 2019 - Apr 1, 2019
#7	-13.33% Feb 15, 2017 - Jul 28, 2017	-5.37% Oct 27, 2025 - Feb 18, 2026
#8	-12.27% Aug 8, 2017 - Oct 5, 2017	-5.03% Nov 8, 2018 - Jan 28, 2019
#9	-8.86% Sep 16, 2005 - Nov 22, 2005	-4.25% Mar 21, 2024 - Aug 14, 2024
#10	-7.23% Feb 14, 2007 - Apr 25, 2007	-3.95% Sep 4, 2019 - Sep 23, 2019
#11	-7.16% May 8, 2006 - Aug 16, 2006	-3.59% Aug 14, 2020 - Oct 30, 2020
#12	-6.97% Feb 27, 2006 - Apr 27, 2006	-2.35% Jul 30, 2019 - Aug 20, 2019
#13	-5.59% Aug 31, 2000 - Sep 8, 2000	-1.70% Sep 17, 2025 - Oct 17, 2025
#14	-5.47% Aug 22, 2000 - Aug 30, 2000	-1.57% Nov 16, 2020 - Dec 9, 2020
#15	-5.42% Oct 27, 2017 - Dec 4, 2017	-1.40% Dec 14, 2023 - Dec 27, 2023

Correlation

Correlation between LNC and CMSC is -0.12 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.12

-101

Dividend Comparison (2000 - 2026)

LNC vs CMSC dividend yield comparison.

Year	LNC	CMSC
2026	2.41%	1.64%
2025	4.04%	6.48%
2024	5.68%	6.41%
2023	6.67%	5.93%
2022	5.86%	6.62%
2021	2.46%	5.49%
2020	3.18%	5.17%
2019	2.51%	5.48%
2018	2.57%	0.00%
2017	1.51%	0.00%
2016	1.51%	0.00%
2015	1.59%	0.00%
2014	1.11%	0.00%
2013	0.93%	0.00%
2012	1.24%	0.00%
2011	1.03%	0.00%
2010	0.14%	0.00%
2009	0.96%	0.00%
2008	8.81%	0.00%
2007	2.71%	0.00%
2006	2.29%	0.00%
2005	2.75%	0.00%
2004	3.00%	0.00%
2003	3.32%	0.00%
2002	4.05%	0.00%
2001	2.51%	0.00%
2000	2.45%	0.00%