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波尔公司（BALL）与CMS Energy（CMS）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是CMS Energy的1.7倍（$3.6B vs $2.1B），CMS Energy净利率更高（13.5% vs 5.7%，领先7.9%），波尔公司同比增速更快（16.3% vs 13.0%），过去两年波尔公司的营收复合增速更高（10.3% vs -0.2%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs CMS — 直观对比
营收规模更大
BALL
是对方的1.7倍
$2.1B
营收增速更快
BALL
高出3.4%
13.0%
净利率更高
CMS
高出7.9%
5.7%
两年增速更快
BALL
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.1B |
| 净利润 | $205.0M | $289.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 20.4% |
| 净利率 | 5.7% | 13.5% |
| 营收同比 | 16.3% | 13.0% |
| 净利润同比 | 14.5% | 9.1% |
| 每股收益（稀释后） | $0.77 | $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BALLCMS
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $3.3B | $1.8B | ||
| Q1 25 | $3.1B | $2.4B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $1.6B |
净利润BALLCMS
| Q1 26 | $205.0M | — | ||
| Q4 25 | $200.0M | $289.0M | ||
| Q3 25 | $321.0M | $277.0M | ||
| Q2 25 | $215.0M | $201.0M | ||
| Q1 25 | $179.0M | $304.0M | ||
| Q4 24 | $-30.0M | $265.0M | ||
| Q3 24 | $199.0M | $253.0M | ||
| Q2 24 | $159.0M | $198.0M |
毛利率BALLCMS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 16.5% | — |
营业利润率BALLCMS
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | 20.4% | ||
| Q3 25 | 11.6% | 24.4% | ||
| Q2 25 | 8.0% | 17.6% | ||
| Q1 25 | 7.4% | 20.6% | ||
| Q4 24 | 0.2% | 22.5% | ||
| Q3 24 | 7.4% | 21.4% | ||
| Q2 24 | 6.8% | 18.0% |
净利率BALLCMS
| Q1 26 | 5.7% | — | ||
| Q4 25 | 6.0% | 13.5% | ||
| Q3 25 | 9.5% | 14.0% | ||
| Q2 25 | 6.4% | 11.2% | ||
| Q1 25 | 5.8% | 12.7% | ||
| Q4 24 | -1.0% | 14.0% | ||
| Q3 24 | 6.5% | 14.8% | ||
| Q2 24 | 5.4% | 12.6% |
每股收益（稀释后）BALLCMS
| Q1 26 | $0.77 | — | ||
| Q4 25 | $0.73 | $0.94 | ||
| Q3 25 | $1.18 | $0.92 | ||
| Q2 25 | $0.76 | $0.66 | ||
| Q1 25 | $0.63 | $1.01 | ||
| Q4 24 | $0.23 | $0.88 | ||
| Q3 24 | $0.65 | $0.84 | ||
| Q2 24 | $0.51 | $0.65 |
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 | $730.0M | $509.0M |
| 总债务越低越好 | $7.0B | — |
| 股东权益账面价值 | $5.6B | $9.1B |
| 总资产 | $19.8B | $39.9B |
| 负债/权益比越低杠杆越低 | 1.25× | — |
8季度趋势，按日历期对齐
现金及短期投资BALLCMS
| Q1 26 | $730.0M | — | ||
| Q4 25 | $1.2B | $509.0M | ||
| Q3 25 | $568.0M | $362.0M | ||
| Q2 25 | $296.0M | $844.0M | ||
| Q1 25 | $449.0M | $465.0M | ||
| Q4 24 | $885.0M | $103.0M | ||
| Q3 24 | $1.4B | $412.0M | ||
| Q2 24 | $1.3B | $699.0M |
总债务BALLCMS
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.9B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — |
股东权益BALLCMS
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | $9.1B | ||
| Q3 25 | $5.4B | $8.9B | ||
| Q2 25 | $5.2B | $8.4B | ||
| Q1 25 | $5.5B | $8.3B | ||
| Q4 24 | $5.9B | $8.2B | ||
| Q3 24 | $6.7B | $8.1B | ||
| Q2 24 | $6.9B | $8.0B |
总资产BALLCMS
| Q1 26 | $19.8B | — | ||
| Q4 25 | $19.5B | $39.9B | ||
| Q3 25 | $18.7B | $38.0B | ||
| Q2 25 | $18.6B | $37.7B | ||
| Q1 25 | $18.0B | $36.3B | ||
| Q4 24 | $17.6B | $35.9B | ||
| Q3 24 | $18.8B | $34.8B | ||
| Q2 24 | $19.0B | $34.4B |
负债/权益比BALLCMS
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — |
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 | — | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $-938.0M | — |
| 自由现金流率自由现金流/营收 | -26.0% | — |
| 资本支出强度资本支出/营收 | 4.5% | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $596.0M | — |
8季度趋势，按日历期对齐
经营现金流BALLCMS
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $478.0M | ||
| Q3 25 | $384.0M | $343.0M | ||
| Q2 25 | $332.0M | $414.0M | ||
| Q1 25 | $-665.0M | $1.0B | ||
| Q4 24 | $500.0M | $403.0M | ||
| Q3 24 | $610.0M | $304.0M | ||
| Q2 24 | $252.0M | $707.0M |
自由现金流BALLCMS
| Q1 26 | $-938.0M | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $257.0M | $-635.0M | ||
| Q2 25 | $236.0M | $-470.0M | ||
| Q1 25 | $-746.0M | $112.0M | ||
| Q4 24 | $393.0M | — | ||
| Q3 24 | $493.0M | $-502.0M | ||
| Q2 24 | $146.0M | $26.0M |
自由现金流率BALLCMS
| Q1 26 | -26.0% | — | ||
| Q4 25 | 31.1% | — | ||
| Q3 25 | 7.6% | -32.2% | ||
| Q2 25 | 7.1% | -26.1% | ||
| Q1 25 | -24.1% | 4.7% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 16.0% | -29.3% | ||
| Q2 24 | 4.9% | 1.6% |
资本支出强度BALLCMS
| Q1 26 | 4.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 3.8% | 49.5% | ||
| Q2 25 | 2.9% | 49.2% | ||
| Q1 25 | 2.6% | 37.0% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.8% | 47.1% | ||
| Q2 24 | 3.6% | 43.2% |
现金转化率BALLCMS
| Q1 26 | — | — | ||
| Q4 25 | 6.05× | 1.65× | ||
| Q3 25 | 1.20× | 1.24× | ||
| Q2 25 | 1.54× | 2.06× | ||
| Q1 25 | -3.72× | 3.29× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 3.07× | 1.20× | ||
| Q2 24 | 1.58× | 3.57× |
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
BALL
| Beverage packaging, North and Central America | $1.8B | 49% |
| Beverage packaging, EMEA | $1.1B | 31% |
| Beverage packaging, South America | $585.0M | 16% |
| Other | $131.0M | 4% |
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
