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CMS Energy（CMS）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
CMS Energy的季度营收约是诺唯真游轮控股的1.6倍（$2.1B vs $1.3B），CMS Energy净利率更高（13.5% vs -3.9%，领先17.5%），CMS Energy同比增速更快（13.0% vs 0.4%），过去两年CMS Energy的营收复合增速更高（-0.2% vs -1.2%）
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。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
CMS vs LINE — 直观对比
营收规模更大
CMS
是对方的1.6倍
$1.3B
营收增速更快
CMS
高出12.6%
0.4%
净利率更高
CMS
高出17.5%
-3.9%
两年增速更快
CMS
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $289.0M | $-51.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 2.8% |
| 净利率 | 13.5% | -3.9% |
| 营收同比 | 13.0% | 0.4% |
| 净利润同比 | 9.1% | — |
| 每股收益（稀释后） | $0.94 | $-0.18 |
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CMSLINE
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B |
净利润CMSLINE
| Q1 26 | — | $-51.0M | ||
| Q4 25 | $289.0M | — | ||
| Q3 25 | $277.0M | $-100.0M | ||
| Q2 25 | $201.0M | $-6.0M | ||
| Q1 25 | $304.0M | $0 | ||
| Q4 24 | $265.0M | $-71.0M | ||
| Q3 24 | $253.0M | $-485.0M | ||
| Q2 24 | $198.0M | $-68.0M |
毛利率CMSLINE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% |
营业利润率CMSLINE
| Q1 26 | — | 2.8% | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | 24.4% | 2.5% | ||
| Q2 25 | 17.6% | 1.7% | ||
| Q1 25 | 20.6% | 4.3% | ||
| Q4 24 | 22.5% | -1.6% | ||
| Q3 24 | 21.4% | -38.6% | ||
| Q2 24 | 18.0% | 5.5% |
净利率CMSLINE
| Q1 26 | — | -3.9% | ||
| Q4 25 | 13.5% | — | ||
| Q3 25 | 14.0% | -7.3% | ||
| Q2 25 | 11.2% | -0.4% | ||
| Q1 25 | 12.7% | — | ||
| Q4 24 | 14.0% | -5.3% | ||
| Q3 24 | 14.8% | -36.3% | ||
| Q2 24 | 12.6% | -5.1% |
每股收益（稀释后）CMSLINE
| Q1 26 | — | $-0.18 | ||
| Q4 25 | $0.94 | — | ||
| Q3 25 | $0.92 | $-0.44 | ||
| Q2 25 | $0.66 | $-0.03 | ||
| Q1 25 | $1.01 | $0.01 | ||
| Q4 24 | $0.88 | $-0.52 | ||
| Q3 24 | $0.84 | $-2.44 | ||
| Q2 24 | $0.65 | $-0.46 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $8.1B |
| 总资产 | $39.9B | $19.0B |
| 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CMSLINE
| Q1 26 | — | — | ||
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | — | ||
| Q2 25 | $844.0M | — | ||
| Q1 25 | $465.0M | — | ||
| Q4 24 | $103.0M | $173.0M | ||
| Q3 24 | $412.0M | $409.0M | ||
| Q2 24 | $699.0M | $73.0M |
股东权益CMSLINE
| Q1 26 | — | $8.1B | ||
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | $8.4B | ||
| Q2 25 | $8.4B | $8.6B | ||
| Q1 25 | $8.3B | $8.6B | ||
| Q4 24 | $8.2B | $8.6B | ||
| Q3 24 | $8.1B | $9.0B | ||
| Q2 24 | $8.0B | $4.9B |
总资产CMSLINE
| Q1 26 | — | $19.0B | ||
| Q4 25 | $39.9B | — | ||
| Q3 25 | $38.0B | $19.2B | ||
| Q2 25 | $37.7B | $19.4B | ||
| Q1 25 | $36.3B | $18.8B | ||
| Q4 24 | $35.9B | $18.7B | ||
| Q3 24 | $34.8B | $19.3B | ||
| Q2 24 | $34.4B | $18.8B |
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 | $130.0M |
| 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 | — | 2.4% |
| 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CMSLINE
| Q1 26 | — | $130.0M | ||
| Q4 25 | $478.0M | — | ||
| Q3 25 | $343.0M | $230.0M | ||
| Q2 25 | $414.0M | $258.0M | ||
| Q1 25 | $1.0B | $139.0M | ||
| Q4 24 | $403.0M | — | ||
| Q3 24 | $304.0M | $186.0M | ||
| Q2 24 | $707.0M | $155.0M |
自由现金流CMSLINE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-635.0M | $35.0M | ||
| Q2 25 | $-470.0M | $95.0M | ||
| Q1 25 | $112.0M | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-502.0M | $33.0M | ||
| Q2 24 | $26.0M | $-31.0M |
自由现金流率CMSLINE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -32.2% | 2.5% | ||
| Q2 25 | -26.1% | 7.0% | ||
| Q1 25 | 4.7% | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | -29.3% | 2.5% | ||
| Q2 24 | 1.6% | -2.3% |
资本支出强度CMSLINE
| Q1 26 | — | 2.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | 49.5% | 14.2% | ||
| Q2 25 | 49.2% | 12.1% | ||
| Q1 25 | 37.0% | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.1% | 11.5% | ||
| Q2 24 | 43.2% | 13.9% |
现金转化率CMSLINE
| Q1 26 | — | — | ||
| 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× | — |
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% |
LINE
暂无分部数据
