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Broadridge Financial Solutions（BR）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Broadridge Financial Solutions的1.2倍（$2.1B vs $1.7B），Broadridge Financial Solutions净利率更高（16.6% vs 13.5%，领先3.1%），CMS Energy同比增速更快（13.0% vs -5.4%），过去两年Broadridge Financial Solutions的营收复合增速更高（10.4% vs -0.2%）
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
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。
BR vs CMS — 直观对比
营收规模更大
CMS
是对方的1.2倍
$1.7B
营收增速更快
CMS
高出18.4%
-5.4%
净利率更高
BR
高出3.1%
13.5%
两年增速更快
BR
近两年复合增速
-0.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.1B |
| 净利润 | $284.6M | $289.0M |
| 毛利率 | 27.6% | — |
| 营业利润率 | 12.0% | 20.4% |
| 净利率 | 16.6% | 13.5% |
| 营收同比 | -5.4% | 13.0% |
| 净利润同比 | 17.1% | 9.1% |
| 每股收益（稀释后） | $2.42 | $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BRCMS
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.7B | $2.1B |
净利润BRCMS
| Q4 25 | $284.6M | $289.0M | ||
| Q3 25 | — | $277.0M | ||
| Q2 25 | $374.2M | $201.0M | ||
| Q1 25 | $243.1M | $304.0M | ||
| Q4 24 | $142.4M | $265.0M | ||
| Q3 24 | $79.8M | $253.0M | ||
| Q2 24 | $323.2M | $198.0M | ||
| Q1 24 | $213.7M | $287.0M |
毛利率BRCMS
| Q4 25 | 27.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 35.5% | — | ||
| Q1 24 | 31.2% | — |
营业利润率BRCMS
| Q4 25 | 12.0% | 20.4% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | 24.1% | 17.6% | ||
| Q1 25 | 19.0% | 20.6% | ||
| Q4 24 | 13.3% | 22.5% | ||
| Q3 24 | 9.4% | 21.4% | ||
| Q2 24 | 22.7% | 18.0% | ||
| Q1 24 | 17.5% | 19.2% |
净利率BRCMS
| Q4 25 | 16.6% | 13.5% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | 18.1% | 11.2% | ||
| Q1 25 | 13.4% | 12.7% | ||
| Q4 24 | 9.0% | 14.0% | ||
| Q3 24 | 5.6% | 14.8% | ||
| Q2 24 | 16.6% | 12.6% | ||
| Q1 24 | 12.4% | 13.4% |
每股收益（稀释后）BRCMS
| Q4 25 | $2.42 | $0.94 | ||
| Q3 25 | — | $0.92 | ||
| Q2 25 | $3.17 | $0.66 | ||
| Q1 25 | $2.05 | $1.01 | ||
| Q4 24 | $1.20 | $0.88 | ||
| Q3 24 | $0.68 | $0.84 | ||
| Q2 24 | $2.72 | $0.65 | ||
| Q1 24 | $1.79 | $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 | $371.5M | $509.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.9B | $9.1B |
| 总资产 | $8.6B | $39.9B |
| 负债/权益比越低杠杆越低 | 1.10× | — |
8季度趋势，按日历期对齐
现金及短期投资BRCMS
| Q4 25 | $371.5M | $509.0M | ||
| Q3 25 | — | $362.0M | ||
| Q2 25 | $562.2M | $844.0M | ||
| Q1 25 | $317.9M | $465.0M | ||
| Q4 24 | $290.6M | $103.0M | ||
| Q3 24 | $293.5M | $412.0M | ||
| Q2 24 | $305.2M | $699.0M | ||
| Q1 24 | $236.4M | $802.0M |
总债务BRCMS
| Q4 25 | $3.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | — |
股东权益BRCMS
| Q4 25 | $2.9B | $9.1B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | $2.7B | $8.4B | ||
| Q1 25 | $2.4B | $8.3B | ||
| Q4 24 | $2.2B | $8.2B | ||
| Q3 24 | $2.2B | $8.1B | ||
| Q2 24 | $2.2B | $8.0B | ||
| Q1 24 | $2.3B | $7.9B |
总资产BRCMS
| Q4 25 | $8.6B | $39.9B | ||
| Q3 25 | — | $38.0B | ||
| Q2 25 | $8.5B | $37.7B | ||
| Q1 25 | $8.3B | $36.3B | ||
| Q4 24 | $8.2B | $35.9B | ||
| Q3 24 | $8.0B | $34.8B | ||
| Q2 24 | $8.2B | $34.4B | ||
| Q1 24 | $8.2B | $33.9B |
负债/权益比BRCMS
| Q4 25 | 1.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 1.55× | — |
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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BRCMS
| Q4 25 | — | $478.0M | ||
| Q3 25 | — | $343.0M | ||
| Q2 25 | $699.7M | $414.0M | ||
| Q1 25 | $360.4M | $1.0B | ||
| Q4 24 | $236.7M | $403.0M | ||
| Q3 24 | $-125.5M | $304.0M | ||
| Q2 24 | $721.0M | $707.0M | ||
| Q1 24 | $207.4M | $956.0M |
自由现金流BRCMS
| Q4 25 | — | — | ||
| Q3 25 | — | $-635.0M | ||
| Q2 25 | $684.1M | $-470.0M | ||
| Q1 25 | $348.9M | $112.0M | ||
| Q4 24 | $227.9M | — | ||
| Q3 24 | $-133.4M | $-502.0M | ||
| Q2 24 | $703.2M | $26.0M | ||
| Q1 24 | $184.6M | $343.0M |
自由现金流率BRCMS
| Q4 25 | — | — | ||
| Q3 25 | — | -32.2% | ||
| Q2 25 | 33.1% | -26.1% | ||
| Q1 25 | 19.3% | 4.7% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | -9.4% | -29.3% | ||
| Q2 24 | 36.2% | 1.6% | ||
| Q1 24 | 10.7% | 16.0% |
资本支出强度BRCMS
| Q4 25 | — | — | ||
| Q3 25 | — | 49.5% | ||
| Q2 25 | 0.8% | 49.2% | ||
| Q1 25 | 0.6% | 37.0% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.6% | 47.1% | ||
| Q2 24 | 0.9% | 43.2% | ||
| Q1 24 | 1.3% | 28.6% |
现金转化率BRCMS
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.24× | ||
| Q2 25 | 1.87× | 2.06× | ||
| Q1 25 | 1.48× | 3.29× | ||
| Q4 24 | 1.66× | 1.52× | ||
| Q3 24 | -1.57× | 1.20× | ||
| Q2 24 | 2.23× | 3.57× | ||
| Q1 24 | 0.97× | 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
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
