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Archrock, Inc.（AROC）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Archrock, Inc.的5.7倍（$2.1B vs $377.1M）。Archrock, Inc.净利率更高（31.0% vs 13.5%，领先17.4%）。Archrock, Inc.同比增速更快（15.5% vs 13.0%）。过去两年Archrock, Inc.的营收复合增速更高（18.5% vs -0.2%）
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
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。
AROC vs CMS — 直观对比
营收规模更大
CMS
是对方的5.7倍
$377.1M
营收增速更快
AROC
高出2.5%
13.0%
净利率更高
AROC
高出17.4%
13.5%
两年增速更快
AROC
近两年复合增速
-0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $377.1M | $2.1B |
| 净利润 | $116.8M | $289.0M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 39.4% | 20.4% |
| 净利率 | 31.0% | 13.5% |
| 营收同比 | 15.5% | 13.0% |
| 净利润同比 | 95.4% | 9.1% |
| 每股收益（稀释后） | $0.67 | $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AROCCMS
| Q4 25 | $377.1M | $2.1B | ||
| Q3 25 | $382.4M | $2.0B | ||
| Q2 25 | $383.2M | $1.8B | ||
| Q1 25 | $347.2M | $2.4B | ||
| Q4 24 | $326.4M | $1.9B | ||
| Q3 24 | $292.2M | $1.7B | ||
| Q2 24 | $270.5M | $1.6B | ||
| Q1 24 | $268.5M | $2.1B |
净利润AROCCMS
| Q4 25 | $116.8M | $289.0M | ||
| Q3 25 | $71.2M | $277.0M | ||
| Q2 25 | $63.4M | $201.0M | ||
| Q1 25 | $70.8M | $304.0M | ||
| Q4 24 | $59.8M | $265.0M | ||
| Q3 24 | $37.5M | $253.0M | ||
| Q2 24 | $34.4M | $198.0M | ||
| Q1 24 | $40.5M | $287.0M |
毛利率AROCCMS
| Q4 25 | 53.0% | — | ||
| Q3 25 | 48.5% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | 44.4% | — | ||
| Q2 24 | 41.5% | — | ||
| Q1 24 | 42.1% | — |
营业利润率AROCCMS
| Q4 25 | 39.4% | 20.4% | ||
| Q3 25 | 25.3% | 24.4% | ||
| Q2 25 | 22.5% | 17.6% | ||
| Q1 25 | 26.5% | 20.6% | ||
| Q4 24 | 24.0% | 22.5% | ||
| Q3 24 | 18.1% | 21.4% | ||
| Q2 24 | 17.6% | 18.0% | ||
| Q1 24 | 20.0% | 19.2% |
净利率AROCCMS
| Q4 25 | 31.0% | 13.5% | ||
| Q3 25 | 18.6% | 14.0% | ||
| Q2 25 | 16.6% | 11.2% | ||
| Q1 25 | 20.4% | 12.7% | ||
| Q4 24 | 18.3% | 14.0% | ||
| Q3 24 | 12.8% | 14.8% | ||
| Q2 24 | 12.7% | 12.6% | ||
| Q1 24 | 15.1% | 13.4% |
每股收益（稀释后）AROCCMS
| Q4 25 | $0.67 | $0.94 | ||
| Q3 25 | $0.40 | $0.92 | ||
| Q2 25 | $0.36 | $0.66 | ||
| Q1 25 | $0.40 | $1.01 | ||
| Q4 24 | $0.35 | $0.88 | ||
| Q3 24 | $0.22 | $0.84 | ||
| Q2 24 | $0.22 | $0.65 | ||
| Q1 24 | $0.26 | $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 | $1.6M | $509.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $9.1B |
| 总资产 | $4.3B | $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AROCCMS
| Q4 25 | $1.6M | $509.0M | ||
| Q3 25 | $4.1M | $362.0M | ||
| Q2 25 | $5.9M | $844.0M | ||
| Q1 25 | $4.8M | $465.0M | ||
| Q4 24 | $4.4M | $103.0M | ||
| Q3 24 | $3.7M | $412.0M | ||
| Q2 24 | $919.0K | $699.0M | ||
| Q1 24 | $1.2M | $802.0M |
股东权益AROCCMS
| Q4 25 | $1.5B | $9.1B | ||
| Q3 25 | $1.4B | $8.9B | ||
| Q2 25 | $1.4B | $8.4B | ||
| Q1 25 | $1.3B | $8.3B | ||
| Q4 24 | $1.3B | $8.2B | ||
| Q3 24 | $1.3B | $8.1B | ||
| Q2 24 | $894.5M | $8.0B | ||
| Q1 24 | $882.1M | $7.9B |
总资产AROCCMS
| Q4 25 | $4.3B | $39.9B | ||
| Q3 25 | $4.4B | $38.0B | ||
| Q2 25 | $4.4B | $37.7B | ||
| Q1 25 | $4.0B | $36.3B | ||
| Q4 24 | $3.8B | $35.9B | ||
| Q3 24 | $3.8B | $34.8B | ||
| Q2 24 | $2.7B | $34.4B | ||
| Q1 24 | $2.7B | $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 | $214.5M | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $126.7M | — |
| 自由现金流率自由现金流/营收 | 33.6% | — |
| 资本支出强度资本支出/营收 | 23.3% | — |
| 现金转化率经营现金流/净利润 | 1.84× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $119.6M | — |
8季度趋势，按日历期对齐
经营现金流AROCCMS
| Q4 25 | $214.5M | $478.0M | ||
| Q3 25 | $164.5M | $343.0M | ||
| Q2 25 | $127.5M | $414.0M | ||
| Q1 25 | $115.6M | $1.0B | ||
| Q4 24 | $124.3M | $403.0M | ||
| Q3 24 | $96.9M | $304.0M | ||
| Q2 24 | $70.7M | $707.0M | ||
| Q1 24 | $137.7M | $956.0M |
自由现金流AROCCMS
| Q4 25 | $126.7M | — | ||
| Q3 25 | $29.5M | $-635.0M | ||
| Q2 25 | $16.0M | $-470.0M | ||
| Q1 25 | $-52.5M | $112.0M | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $26.9M | $-502.0M | ||
| Q2 24 | $-20.6M | $26.0M | ||
| Q1 24 | $37.9M | $343.0M |
自由现金流率AROCCMS
| Q4 25 | 33.6% | — | ||
| Q3 25 | 7.7% | -32.2% | ||
| Q2 25 | 4.2% | -26.1% | ||
| Q1 25 | -15.1% | 4.7% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 9.2% | -29.3% | ||
| Q2 24 | -7.6% | 1.6% | ||
| Q1 24 | 14.1% | 16.0% |
资本支出强度AROCCMS
| Q4 25 | 23.3% | — | ||
| Q3 25 | 35.3% | 49.5% | ||
| Q2 25 | 29.1% | 49.2% | ||
| Q1 25 | 48.4% | 37.0% | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 24.0% | 47.1% | ||
| Q2 24 | 33.7% | 43.2% | ||
| Q1 24 | 37.2% | 28.6% |
现金转化率AROCCMS
| Q4 25 | 1.84× | 1.65× | ||
| Q3 25 | 2.31× | 1.24× | ||
| Q2 25 | 2.01× | 2.06× | ||
| Q1 25 | 1.63× | 3.29× | ||
| Q4 24 | 2.08× | 1.52× | ||
| Q3 24 | 2.58× | 1.20× | ||
| Q2 24 | 2.05× | 3.57× | ||
| Q1 24 | 3.40× | 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
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
