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APPLIED INDUSTRIAL TECHNOLOGIES INC（AIT）与CMS Energy（CMS）财务数据对比。点击上方公司名可切换其他公司
CMS Energy的季度营收约是APPLIED INDUSTRIAL TECHNOLOGIES INC的1.8倍（$2.1B vs $1.2B），CMS Energy净利率更高（13.5% vs 8.2%，领先5.3%），CMS Energy同比增速更快（13.0% vs 8.4%），过去两年APPLIED INDUSTRIAL TECHNOLOGIES INC的营收复合增速更高（0.7% vs -0.2%）
AIT（Applied Industrial Technologies Inc）是总部位于美国的全球化上市工业企业，主营轴承、动力传动产品、工程级流体动力组件及系统、特种流量控制产品等工业用品分销，同时为工业及流体动力应用场景提供工程设计、系统集成及定制化配套服务。
CMS Energy是总部位于美国密歇根州杰克逊市的能源企业，业务核心聚焦密歇根州公用事业运营。旗下核心主体Consumers Energy成立于1886年，为全州超600万居民提供电力及天然气服务，非公用事业板块则主要开展美国本土独立发电业务。
AIT vs CMS — 直观对比
营收规模更大
CMS
是对方的1.8倍
$1.2B
营收增速更快
CMS
高出4.6%
8.4%
净利率更高
CMS
高出5.3%
8.2%
两年增速更快
AIT
近两年复合增速
-0.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $95.3M | $289.0M |
| 毛利率 | 30.4% | — |
| 营业利润率 | 10.6% | 20.4% |
| 净利率 | 8.2% | 13.5% |
| 营收同比 | 8.4% | 13.0% |
| 净利润同比 | 2.2% | 9.1% |
| 每股收益（稀释后） | $2.51 | $0.94 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AITCMS
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.1B | $2.1B |
净利润AITCMS
| Q4 25 | $95.3M | $289.0M | ||
| Q3 25 | $100.8M | $277.0M | ||
| Q2 25 | $107.8M | $201.0M | ||
| Q1 25 | $99.8M | $304.0M | ||
| Q4 24 | $93.3M | $265.0M | ||
| Q3 24 | $92.1M | $253.0M | ||
| Q2 24 | $103.5M | $198.0M | ||
| Q1 24 | $97.2M | $287.0M |
毛利率AITCMS
| Q4 25 | 30.4% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.5% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 29.5% | — |
营业利润率AITCMS
| Q4 25 | 10.6% | 20.4% | ||
| Q3 25 | 10.8% | 24.4% | ||
| Q2 25 | 11.0% | 17.6% | ||
| Q1 25 | 11.1% | 20.6% | ||
| Q4 24 | 11.3% | 22.5% | ||
| Q3 24 | 10.3% | 21.4% | ||
| Q2 24 | 12.0% | 18.0% | ||
| Q1 24 | 10.6% | 19.2% |
净利率AITCMS
| Q4 25 | 8.2% | 13.5% | ||
| Q3 25 | 8.4% | 14.0% | ||
| Q2 25 | 8.8% | 11.2% | ||
| Q1 25 | 8.6% | 12.7% | ||
| Q4 24 | 8.7% | 14.0% | ||
| Q3 24 | 8.4% | 14.8% | ||
| Q2 24 | 8.9% | 12.6% | ||
| Q1 24 | 8.5% | 13.4% |
每股收益（稀释后）AITCMS
| Q4 25 | $2.51 | $0.94 | ||
| Q3 25 | $2.63 | $0.92 | ||
| Q2 25 | $2.80 | $0.66 | ||
| Q1 25 | $2.57 | $1.01 | ||
| Q4 24 | $2.39 | $0.88 | ||
| Q3 24 | $2.36 | $0.84 | ||
| Q2 24 | $2.64 | $0.65 | ||
| Q1 24 | $2.48 | $0.96 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $406.0M | $509.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $9.1B |
| 总资产 | $3.2B | $39.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AITCMS
| Q4 25 | $406.0M | $509.0M | ||
| Q3 25 | $418.7M | $362.0M | ||
| Q2 25 | $388.4M | $844.0M | ||
| Q1 25 | $352.8M | $465.0M | ||
| Q4 24 | $303.4M | $103.0M | ||
| Q3 24 | $538.5M | $412.0M | ||
| Q2 24 | $460.6M | $699.0M | ||
| Q1 24 | $456.5M | $802.0M |
股东权益AITCMS
| Q4 25 | $1.9B | $9.1B | ||
| Q3 25 | $1.9B | $8.9B | ||
| Q2 25 | $1.8B | $8.4B | ||
| Q1 25 | $1.8B | $8.3B | ||
| Q4 24 | $1.8B | $8.2B | ||
| Q3 24 | $1.8B | $8.1B | ||
| Q2 24 | $1.7B | $8.0B | ||
| Q1 24 | $1.7B | $7.9B |
总资产AITCMS
| Q4 25 | $3.2B | $39.9B | ||
| Q3 25 | $3.2B | $38.0B | ||
| Q2 25 | $3.2B | $37.7B | ||
| Q1 25 | $3.1B | $36.3B | ||
| Q4 24 | $3.0B | $35.9B | ||
| Q3 24 | $3.0B | $34.8B | ||
| Q2 24 | $3.0B | $34.4B | ||
| Q1 24 | $2.9B | $33.9B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $99.7M | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $93.4M | — |
| 自由现金流率自由现金流/营收 | 8.0% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.05× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $458.5M | — |
8季度趋势，按日历期对齐
经营现金流AITCMS
| Q4 25 | $99.7M | $478.0M | ||
| Q3 25 | $119.3M | $343.0M | ||
| Q2 25 | $147.0M | $414.0M | ||
| Q1 25 | $122.5M | $1.0B | ||
| Q4 24 | $95.1M | $403.0M | ||
| Q3 24 | $127.7M | $304.0M | ||
| Q2 24 | $119.2M | $707.0M | ||
| Q1 24 | $84.2M | $956.0M |
自由现金流AITCMS
| Q4 25 | $93.4M | — | ||
| Q3 25 | $112.0M | $-635.0M | ||
| Q2 25 | $138.2M | $-470.0M | ||
| Q1 25 | $114.9M | $112.0M | ||
| Q4 24 | $89.9M | — | ||
| Q3 24 | $122.2M | $-502.0M | ||
| Q2 24 | $111.7M | $26.0M | ||
| Q1 24 | $76.7M | $343.0M |
自由现金流率AITCMS
| Q4 25 | 8.0% | — | ||
| Q3 25 | 9.3% | -32.2% | ||
| Q2 25 | 11.3% | -26.1% | ||
| Q1 25 | 9.8% | 4.7% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 11.1% | -29.3% | ||
| Q2 24 | 9.6% | 1.6% | ||
| Q1 24 | 6.7% | 16.0% |
资本支出强度AITCMS
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | 49.5% | ||
| Q2 25 | 0.7% | 49.2% | ||
| Q1 25 | 0.6% | 37.0% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | 47.1% | ||
| Q2 24 | 0.6% | 43.2% | ||
| Q1 24 | 0.7% | 28.6% |
现金转化率AITCMS
| Q4 25 | 1.05× | 1.65× | ||
| Q3 25 | 1.18× | 1.24× | ||
| Q2 25 | 1.36× | 2.06× | ||
| Q1 25 | 1.23× | 3.29× | ||
| Q4 24 | 1.02× | 1.52× | ||
| Q3 24 | 1.39× | 1.20× | ||
| Q2 24 | 1.15× | 3.57× | ||
| Q1 24 | 0.87× | 3.33× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AIT
| Service Center Based Distribution Segment | $625.2M | 54% |
| Engineered Solutions Segment | $398.9M | 34% |
| Other | $75.8M | 7% |
| Hydradyne LLC | $63.1M | 5% |
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
