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CMS Energy（CMS）与Excelerate Energy, Inc.（EE）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Excelerate Energy, Inc.的6.7倍（$2.1B vs $317.6M）。Excelerate Energy, Inc.同比增速更快（15.7% vs 13.0%）。过去两年Excelerate Energy, Inc.的营收复合增速更高（26.0% vs -0.2%）
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。
Excelerate Energy是全球领先的灵活液化天然气（LNG）解决方案供应商，主营浮式储存再气化装置运营、LNG配送服务及一体化LNG基础设施项目，服务覆盖欧洲、亚洲、拉美、中东等地区，助力各地能源体系向低碳转型。
CMS vs EE — 直观对比
营收规模更大
CMS
是对方的6.7倍
$317.6M
营收增速更快
EE
高出2.7%
13.0%
两年增速更快
EE
近两年复合增速
-0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $317.6M |
| 净利润 | $289.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 22.2% |
| 净利率 | 13.5% | — |
| 营收同比 | 13.0% | 15.7% |
| 净利润同比 | 9.1% | — |
| 每股收益（稀释后） | $0.94 | $0.24 |
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CMSEE
| Q4 25 | $2.1B | $317.6M | ||
| Q3 25 | $2.0B | $391.0M | ||
| Q2 25 | $1.8B | $204.6M | ||
| Q1 25 | $2.4B | $315.1M | ||
| Q4 24 | $1.9B | $274.6M | ||
| Q3 24 | $1.7B | $193.4M | ||
| Q2 24 | $1.6B | $183.3M | ||
| Q1 24 | $2.1B | $200.1M |
净利润CMSEE
| Q4 25 | $289.0M | — | ||
| Q3 25 | $277.0M | — | ||
| Q2 25 | $201.0M | — | ||
| Q1 25 | $304.0M | — | ||
| Q4 24 | $265.0M | — | ||
| Q3 24 | $253.0M | — | ||
| Q2 24 | $198.0M | — | ||
| Q1 24 | $287.0M | — |
营业利润率CMSEE
| Q4 25 | 20.4% | 22.2% | ||
| Q3 25 | 24.4% | 22.3% | ||
| Q2 25 | 17.6% | 21.2% | ||
| Q1 25 | 20.6% | 20.9% | ||
| Q4 24 | 22.5% | 21.9% | ||
| Q3 24 | 21.4% | 30.9% | ||
| Q2 24 | 18.0% | 27.2% | ||
| Q1 24 | 19.2% | 22.6% |
净利率CMSEE
| Q4 25 | 13.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 12.7% | — | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 13.4% | — |
每股收益（稀释后）CMSEE
| Q4 25 | $0.94 | $0.24 | ||
| Q3 25 | $0.92 | $0.43 | ||
| Q2 25 | $0.66 | $0.15 | ||
| Q1 25 | $1.01 | $0.46 | ||
| Q4 24 | $0.88 | $0.42 | ||
| Q3 24 | $0.84 | $0.35 | ||
| Q2 24 | $0.65 | $0.26 | ||
| Q1 24 | $0.96 | $0.24 |
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 | $538.2M |
| 总债务越低越好 | — | $936.3M |
| 股东权益账面价值 | $9.1B | $2.2B |
| 总资产 | $39.9B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CMSEE
| Q4 25 | $509.0M | $538.2M | ||
| Q3 25 | $362.0M | $462.6M | ||
| Q2 25 | $844.0M | $426.0M | ||
| Q1 25 | $465.0M | $619.5M | ||
| Q4 24 | $103.0M | $537.5M | ||
| Q3 24 | $412.0M | $608.4M | ||
| Q2 24 | $699.0M | $609.1M | ||
| Q1 24 | $802.0M | $578.9M |
总债务CMSEE
| Q4 25 | — | $936.3M | ||
| Q3 25 | — | $942.0M | ||
| Q2 25 | — | $946.2M | ||
| Q1 25 | — | $322.6M | ||
| Q4 24 | — | $333.6M | ||
| Q3 24 | — | $345.7M | ||
| Q2 24 | — | $356.4M | ||
| Q1 24 | — | $366.9M |
股东权益CMSEE
| Q4 25 | $9.1B | $2.2B | ||
| Q3 25 | $8.9B | $2.2B | ||
| Q2 25 | $8.4B | $2.1B | ||
| Q1 25 | $8.3B | $1.9B | ||
| Q4 24 | $8.2B | $1.9B | ||
| Q3 24 | $8.1B | $1.9B | ||
| Q2 24 | $8.0B | $1.8B | ||
| Q1 24 | $7.9B | $1.8B |
总资产CMSEE
| Q4 25 | $39.9B | $4.1B | ||
| Q3 25 | $38.0B | $4.1B | ||
| Q2 25 | $37.7B | $4.0B | ||
| Q1 25 | $36.3B | $2.9B | ||
| Q4 24 | $35.9B | $2.9B | ||
| Q3 24 | $34.8B | $2.9B | ||
| Q2 24 | $34.4B | $2.9B | ||
| Q1 24 | $33.9B | $2.9B |
负债/权益比CMSEE
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.20× |
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 | $104.4M |
| 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CMSEE
| Q4 25 | $478.0M | $104.4M | ||
| Q3 25 | $343.0M | $114.9M | ||
| Q2 25 | $414.0M | $87.1M | ||
| Q1 25 | $1.0B | $154.8M | ||
| Q4 24 | $403.0M | $49.6M | ||
| Q3 24 | $304.0M | $39.8M | ||
| Q2 24 | $707.0M | $90.4M | ||
| Q1 24 | $956.0M | $64.7M |
自由现金流CMSEE
| Q4 25 | — | — | ||
| Q3 25 | $-635.0M | — | ||
| Q2 25 | $-470.0M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-502.0M | — | ||
| Q2 24 | $26.0M | — | ||
| Q1 24 | $343.0M | — |
自由现金流率CMSEE
| Q4 25 | — | — | ||
| Q3 25 | -32.2% | — | ||
| Q2 25 | -26.1% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -29.3% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 16.0% | — |
资本支出强度CMSEE
| Q4 25 | — | — | ||
| Q3 25 | 49.5% | — | ||
| Q2 25 | 49.2% | — | ||
| Q1 25 | 37.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.1% | — | ||
| Q2 24 | 43.2% | — | ||
| Q1 24 | 28.6% | — |
现金转化率CMSEE
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 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
CMS
| Electric Utility | $1.3B | 59% |
| Gas Utility | $803.0M | 38% |
| North Star Clean Energy | $77.0M | 4% |
EE
暂无分部数据
