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CMS Energy（CMS）与KOHLS Corp（KSS）财务数据对比。点击上方公司名可切换其他公司
KOHLS Corp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 0.2%，领先13.3%），CMS Energy同比增速更快（13.0% vs -3.6%），过去两年CMS Energy的营收复合增速更高（-0.2% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
CMS vs KSS — 直观对比
营收规模更大
KSS
是对方的1.7倍
$2.1B
营收增速更快
CMS
高出16.6%
-3.6%
净利率更高
CMS
高出13.3%
0.2%
两年增速更快
CMS
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.6B |
| 净利润 | $289.0M | $8.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 20.4% | 2.0% |
| 净利率 | 13.5% | 0.2% |
| 营收同比 | 13.0% | -3.6% |
| 净利润同比 | 9.1% | -63.6% |
| 每股收益（稀释后） | $0.94 | $0.07 |
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CMSKSS
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $2.4B | $5.4B | ||
| Q4 24 | $1.9B | $3.7B | ||
| Q3 24 | $1.7B | $3.7B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $2.1B | $6.0B |
净利润CMSKSS
| Q4 25 | $289.0M | $8.0M | ||
| Q3 25 | $277.0M | $153.0M | ||
| Q2 25 | $201.0M | $-15.0M | ||
| Q1 25 | $304.0M | $48.0M | ||
| Q4 24 | $265.0M | $22.0M | ||
| Q3 24 | $253.0M | $66.0M | ||
| Q2 24 | $198.0M | $-27.0M | ||
| Q1 24 | $287.0M | $186.0M |
毛利率CMSKSS
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 43.3% | ||
| Q2 25 | — | 43.3% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 42.4% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 43.1% | ||
| Q1 24 | — | 35.2% |
营业利润率CMSKSS
| Q4 25 | 20.4% | 2.0% | ||
| Q3 25 | 24.4% | 7.9% | ||
| Q2 25 | 17.6% | 1.9% | ||
| Q1 25 | 20.6% | 2.3% | ||
| Q4 24 | 22.5% | 2.6% | ||
| Q3 24 | 21.4% | 4.4% | ||
| Q2 24 | 18.0% | 1.3% | ||
| Q1 24 | 19.2% | 5.0% |
净利率CMSKSS
| Q4 25 | 13.5% | 0.2% | ||
| Q3 25 | 14.0% | 4.3% | ||
| Q2 25 | 11.2% | -0.5% | ||
| Q1 25 | 12.7% | 0.9% | ||
| Q4 24 | 14.0% | 0.6% | ||
| Q3 24 | 14.8% | 1.8% | ||
| Q2 24 | 12.6% | -0.8% | ||
| Q1 24 | 13.4% | 3.1% |
每股收益（稀释后）CMSKSS
| Q4 25 | $0.94 | $0.07 | ||
| Q3 25 | $0.92 | $1.35 | ||
| Q2 25 | $0.66 | $-0.13 | ||
| Q1 25 | $1.01 | $0.43 | ||
| Q4 24 | $0.88 | $0.20 | ||
| Q3 24 | $0.84 | $0.59 | ||
| Q2 24 | $0.65 | $-0.24 | ||
| Q1 24 | $0.96 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $3.9B |
| 总资产 | $39.9B | $14.1B |
| 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CMSKSS
| Q4 25 | $509.0M | $144.0M | ||
| Q3 25 | $362.0M | $174.0M | ||
| Q2 25 | $844.0M | $153.0M | ||
| Q1 25 | $465.0M | $134.0M | ||
| Q4 24 | $103.0M | $174.0M | ||
| Q3 24 | $412.0M | $231.0M | ||
| Q2 24 | $699.0M | $228.0M | ||
| Q1 24 | $802.0M | $183.0M |
股东权益CMSKSS
| Q4 25 | $9.1B | $3.9B | ||
| Q3 25 | $8.9B | $3.9B | ||
| Q2 25 | $8.4B | $3.8B | ||
| Q1 25 | $8.3B | $3.8B | ||
| Q4 24 | $8.2B | $3.8B | ||
| Q3 24 | $8.1B | $3.8B | ||
| Q2 24 | $8.0B | $3.8B | ||
| Q1 24 | $7.9B | $3.9B |
总资产CMSKSS
| Q4 25 | $39.9B | $14.1B | ||
| Q3 25 | $38.0B | $13.4B | ||
| Q2 25 | $37.7B | $13.6B | ||
| Q1 25 | $36.3B | $13.6B | ||
| Q4 24 | $35.9B | $15.1B | ||
| Q3 24 | $34.8B | $14.2B | ||
| Q2 24 | $34.4B | $14.3B | ||
| Q1 24 | $33.9B | $14.0B |
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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | — | $16.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 1.65× | 15.50× |
| 过去12个月自由现金流最近4个季度 | — | $819.0M |
8季度趋势，按日历期对齐
经营现金流CMSKSS
| Q4 25 | $478.0M | $124.0M | ||
| Q3 25 | $343.0M | $598.0M | ||
| Q2 25 | $414.0M | $-92.0M | ||
| Q1 25 | $1.0B | $596.0M | ||
| Q4 24 | $403.0M | $-195.0M | ||
| Q3 24 | $304.0M | $254.0M | ||
| Q2 24 | $707.0M | $-7.0M | ||
| Q1 24 | $956.0M | $789.0M |
自由现金流CMSKSS
| Q4 25 | — | $16.0M | ||
| Q3 25 | $-635.0M | $508.0M | ||
| Q2 25 | $-470.0M | $-202.0M | ||
| Q1 25 | $112.0M | $497.0M | ||
| Q4 24 | — | $-323.0M | ||
| Q3 24 | $-502.0M | $141.0M | ||
| Q2 24 | $26.0M | $-133.0M | ||
| Q1 24 | $343.0M | $707.0M |
自由现金流率CMSKSS
| Q4 25 | — | 0.4% | ||
| Q3 25 | -32.2% | 14.3% | ||
| Q2 25 | -26.1% | -6.2% | ||
| Q1 25 | 4.7% | 9.2% | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | -29.3% | 3.8% | ||
| Q2 24 | 1.6% | -3.9% | ||
| Q1 24 | 16.0% | 11.9% |
资本支出强度CMSKSS
| Q4 25 | — | 3.0% | ||
| Q3 25 | 49.5% | 2.5% | ||
| Q2 25 | 49.2% | 3.4% | ||
| Q1 25 | 37.0% | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 47.1% | 3.0% | ||
| Q2 24 | 43.2% | 3.7% | ||
| Q1 24 | 28.6% | 1.4% |
现金转化率CMSKSS
| Q4 25 | 1.65× | 15.50× | ||
| Q3 25 | 1.24× | 3.91× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | 12.42× | ||
| Q4 24 | 1.52× | -8.86× | ||
| Q3 24 | 1.20× | 3.85× | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 3.33× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
