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CMS Energy（CMS）与CSX Corporation（CSX）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是CMS Energy的1.6倍（$3.5B vs $2.1B），CSX Corporation净利率更高（23.2% vs 13.5%，领先9.6%），CMS Energy同比增速更快（13.0% vs 1.7%），过去两年CMS Energy的营收复合增速更高（-0.2% vs -3.0%）
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。
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
CMS vs CSX — 直观对比
营收规模更大
CSX
是对方的1.6倍
$2.1B
营收增速更快
CMS
高出11.2%
1.7%
净利率更高
CSX
高出9.6%
13.5%
两年增速更快
CMS
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.5B |
| 净利润 | $289.0M | $807.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 29.9% |
| 净利率 | 13.5% | 23.2% |
| 营收同比 | 13.0% | 1.7% |
| 净利润同比 | 9.1% | 401.2% |
| 每股收益（稀释后） | $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CMSCSX
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.1B | $3.5B | ||
| Q3 25 | $2.0B | $3.6B | ||
| Q2 25 | $1.8B | $3.6B | ||
| Q1 25 | $2.4B | $3.4B | ||
| Q4 24 | $1.9B | $3.5B | ||
| Q3 24 | $1.7B | $3.6B | ||
| Q2 24 | $1.6B | $3.7B |
净利润CMSCSX
| Q1 26 | — | $807.0M | ||
| Q4 25 | $289.0M | $720.0M | ||
| Q3 25 | $277.0M | $694.0M | ||
| Q2 25 | $201.0M | $829.0M | ||
| Q1 25 | $304.0M | $646.0M | ||
| Q4 24 | $265.0M | $720.0M | ||
| Q3 24 | $253.0M | $894.0M | ||
| Q2 24 | $198.0M | $963.0M |
营业利润率CMSCSX
| Q1 26 | — | 29.9% | ||
| Q4 25 | 20.4% | 31.6% | ||
| Q3 25 | 24.4% | 30.3% | ||
| Q2 25 | 17.6% | 35.9% | ||
| Q1 25 | 20.6% | 30.4% | ||
| Q4 24 | 22.5% | 30.8% | ||
| Q3 24 | 21.4% | 37.4% | ||
| Q2 24 | 18.0% | 39.1% |
净利率CMSCSX
| Q1 26 | — | 23.2% | ||
| Q4 25 | 13.5% | 20.5% | ||
| Q3 25 | 14.0% | 19.3% | ||
| Q2 25 | 11.2% | 23.2% | ||
| Q1 25 | 12.7% | 18.9% | ||
| Q4 24 | 14.0% | 20.3% | ||
| Q3 24 | 14.8% | 24.7% | ||
| Q2 24 | 12.6% | 26.0% |
每股收益（稀释后）CMSCSX
| Q1 26 | — | — | ||
| Q4 25 | $0.94 | $0.39 | ||
| Q3 25 | $0.92 | $0.37 | ||
| Q2 25 | $0.66 | $0.44 | ||
| Q1 25 | $1.01 | $0.34 | ||
| Q4 24 | $0.88 | $0.38 | ||
| Q3 24 | $0.84 | $0.46 | ||
| Q2 24 | $0.65 | $0.49 |
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 | $509.0M | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $9.1B | $13.6B |
| 总资产 | $39.9B | $44.2B |
| 负债/权益比越低杠杆越低 | — | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资CMSCSX
| Q1 26 | — | $1.1B | ||
| Q4 25 | $509.0M | $5.0M | ||
| Q3 25 | $362.0M | $6.0M | ||
| Q2 25 | $844.0M | $6.0M | ||
| Q1 25 | $465.0M | $8.0M | ||
| Q4 24 | $103.0M | $72.0M | ||
| Q3 24 | $412.0M | $12.0M | ||
| Q2 24 | $699.0M | $4.0M |
总债务CMSCSX
| Q1 26 | — | $18.9B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $18.6B | ||
| Q1 25 | — | $18.5B | ||
| Q4 24 | — | $17.9B | ||
| Q3 24 | — | $18.5B | ||
| Q2 24 | — | $18.0B |
股东权益CMSCSX
| Q1 26 | — | $13.6B | ||
| Q4 25 | $9.1B | $13.2B | ||
| Q3 25 | $8.9B | $12.8B | ||
| Q2 25 | $8.4B | $12.4B | ||
| Q1 25 | $8.3B | $12.2B | ||
| Q4 24 | $8.2B | $12.5B | ||
| Q3 24 | $8.1B | $12.9B | ||
| Q2 24 | $8.0B | $12.6B |
总资产CMSCSX
| Q1 26 | — | $44.2B | ||
| Q4 25 | $39.9B | $43.7B | ||
| Q3 25 | $38.0B | $43.3B | ||
| Q2 25 | $37.7B | $42.9B | ||
| Q1 25 | $36.3B | $43.2B | ||
| Q4 24 | $35.9B | $42.8B | ||
| Q3 24 | $34.8B | $43.1B | ||
| Q2 24 | $34.4B | $42.4B |
负债/权益比CMSCSX
| Q1 26 | — | 1.39× | ||
| Q4 25 | — | 1.38× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.50× | ||
| Q1 25 | — | 1.52× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | — | 1.42× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $793.0M |
| 自由现金流率自由现金流/营收 | — | 22.8% |
| 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× | 1.58× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流CMSCSX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $478.0M | $1.4B | ||
| Q3 25 | $343.0M | $1.3B | ||
| Q2 25 | $414.0M | $635.0M | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $403.0M | $1.4B | ||
| Q3 24 | $304.0M | $1.7B | ||
| Q2 24 | $707.0M | $1.1B |
自由现金流CMSCSX
| Q1 26 | — | $793.0M | ||
| Q4 25 | — | $709.0M | ||
| Q3 25 | $-635.0M | $607.0M | ||
| Q2 25 | $-470.0M | $-141.0M | ||
| Q1 25 | $112.0M | $536.0M | ||
| Q4 24 | — | $550.0M | ||
| Q3 24 | $-502.0M | $1.1B | ||
| Q2 24 | $26.0M | $547.0M |
自由现金流率CMSCSX
| Q1 26 | — | 22.8% | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | -32.2% | 16.9% | ||
| Q2 25 | -26.1% | -3.9% | ||
| Q1 25 | 4.7% | 15.7% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | -29.3% | 29.3% | ||
| Q2 24 | 1.6% | 14.8% |
资本支出强度CMSCSX
| Q1 26 | — | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | 49.5% | 20.4% | ||
| Q2 25 | 49.2% | 21.7% | ||
| Q1 25 | 37.0% | 21.0% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | 47.1% | 17.3% | ||
| Q2 24 | 43.2% | 14.6% |
现金转化率CMSCSX
| Q1 26 | — | 1.58× | ||
| Q4 25 | 1.65× | 1.93× | ||
| Q3 25 | 1.24× | 1.93× | ||
| Q2 25 | 2.06× | 0.77× | ||
| Q1 25 | 3.29× | 1.94× | ||
| Q4 24 | 1.52× | 1.93× | ||
| Q3 24 | 1.20× | 1.89× | ||
| Q2 24 | 3.57× | 1.13× |
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
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
CSX
暂无分部数据
