COMP <GO>
CMS vs WM // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
CMS Energy Corporation (NYSE) VS. Waste Management Inc. (NYSE) • 15-METRIC TALLY: CMS 10
— WM 5
▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: WM
LAST: $70.10 (+0.83%) • MKT CAP: $21.80B
options-implied-move
6.00%
LAST: $233.45 (+1.10%) • MKT CAP: $91.81B
options-implied-move
5.90%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CMS VS. WM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CMS | WM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 40.40% | +0.60 | CMS | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.20% | 13.70% | -8.50 | WM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 19.1x | 20.2x | -1.10 | CMS | /valuation <GO> |
| Free Cash Flow Yield | 8.54% | 5.35% | +3.19 | CMS | /fcf-yield <GO> |
| Operating Margin | 20.80% | 17.10% | +3.70 | CMS | /operating-margins <GO> |
| Net Profit Margin | 12.90% | 10.70% | +2.20 | CMS | /net-margins <GO> |
| Revenue Growth (YoY) | 13.50% | 14.20% | -0.70 | WM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 3.40% | 1.45% | +1.95 | CMS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.12 | 2.91 | -1.79 | WM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | CMS | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | 6.00% | 5.90% | +0.10 | WM | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 63.7 | 60.7 | +3.00 | CMS | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.73 | 0.70 | +0.03 | CMS | /macro-sensitivity <GO> |
| Forward P/E Multiple | 17.1x | 28.5x | -11.40 | CMS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $21.80B | $91.81B | -$70.01B | WM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CMS REV | WM REV | CMS GROSS % | WM GROSS % | CMS FCF | WM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $8.30B | $25.20B | 44.0% | 40.4% | $1.86B | $4.91B |
| FY 2024 | $7.32B | $22.06B | 44.0% | 39.3% | $2.04B | $4.40B |
| FY 2023 | $7.26B | $20.43B | 44.0% | 44.0% | $1.98B | $3.80B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CMS // BETA 0.73
WM // BETA 0.70