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CMS Energy（CMS）与Masco（MAS）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Masco的1.1倍（$2.1B vs $1.9B），CMS Energy净利率更高（13.5% vs 11.9%，领先1.7%），CMS Energy同比增速更快（13.0% vs 6.5%），过去两年CMS Energy的营收复合增速更高（-0.2% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CMS vs MAS — 直观对比
营收规模更大
CMS
是对方的1.1倍
$1.9B
营收增速更快
CMS
高出6.5%
6.5%
净利率更高
CMS
高出1.7%
11.9%
两年增速更快
CMS
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $289.0M | $228.0M |
| 毛利率 | — | 35.8% |
| 营业利润率 | 20.4% | 16.5% |
| 净利率 | 13.5% | 11.9% |
| 营收同比 | 13.0% | 6.5% |
| 净利润同比 | 9.1% | 14.5% |
| 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CMSMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.0B | $1.9B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.6B | $2.1B |
净利润CMSMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $289.0M | $165.0M | ||
| Q3 25 | $277.0M | $189.0M | ||
| Q2 25 | $201.0M | $270.0M | ||
| Q1 25 | $304.0M | $186.0M | ||
| Q4 24 | $265.0M | $182.0M | ||
| Q3 24 | $253.0M | $167.0M | ||
| Q2 24 | $198.0M | $258.0M |
毛利率CMSMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% |
营业利润率CMSMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 20.4% | 13.8% | ||
| Q3 25 | 24.4% | 15.8% | ||
| Q2 25 | 17.6% | 20.1% | ||
| Q1 25 | 20.6% | 15.9% | ||
| Q4 24 | 22.5% | 15.9% | ||
| Q3 24 | 21.4% | 18.0% | ||
| Q2 24 | 18.0% | 19.0% |
净利率CMSMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 13.5% | 9.2% | ||
| Q3 25 | 14.0% | 9.9% | ||
| Q2 25 | 11.2% | 13.2% | ||
| Q1 25 | 12.7% | 10.3% | ||
| Q4 24 | 14.0% | 10.0% | ||
| Q3 24 | 14.8% | 8.4% | ||
| Q2 24 | 12.6% | 12.3% |
每股收益（稀释后）CMSMAS
| Q1 26 | — | — | ||
| Q4 25 | $0.94 | $0.81 | ||
| Q3 25 | $0.92 | $0.90 | ||
| Q2 25 | $0.66 | $1.28 | ||
| Q1 25 | $1.01 | $0.87 | ||
| Q4 24 | $0.88 | $0.85 | ||
| Q3 24 | $0.84 | $0.77 | ||
| Q2 24 | $0.65 | $1.17 |
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 | — | $2.9B |
| 股东权益账面价值 | $9.1B | $27.0M |
| 总资产 | $39.9B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资CMSMAS
| Q1 26 | — | — | ||
| Q4 25 | $509.0M | $647.0M | ||
| Q3 25 | $362.0M | $559.0M | ||
| Q2 25 | $844.0M | $390.0M | ||
| Q1 25 | $465.0M | $377.0M | ||
| Q4 24 | $103.0M | $634.0M | ||
| Q3 24 | $412.0M | $646.0M | ||
| Q2 24 | $699.0M | $398.0M |
总债务CMSMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMSMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $9.1B | $-185.0M | ||
| Q3 25 | $8.9B | $-78.0M | ||
| Q2 25 | $8.4B | $-84.0M | ||
| Q1 25 | $8.3B | $-254.0M | ||
| Q4 24 | $8.2B | $-279.0M | ||
| Q3 24 | $8.1B | $-88.0M | ||
| Q2 24 | $8.0B | $-26.0M |
总资产CMSMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $39.9B | $5.2B | ||
| Q3 25 | $38.0B | $5.3B | ||
| Q2 25 | $37.7B | $5.3B | ||
| Q1 25 | $36.3B | $5.1B | ||
| Q4 24 | $35.9B | $5.0B | ||
| Q3 24 | $34.8B | $5.3B | ||
| Q2 24 | $34.4B | $5.4B |
负债/权益比CMSMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | 1.8% |
| 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CMSMAS
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | $418.0M | ||
| Q3 25 | $343.0M | $456.0M | ||
| Q2 25 | $414.0M | $306.0M | ||
| Q1 25 | $1.0B | $-158.0M | ||
| Q4 24 | $403.0M | $407.0M | ||
| Q3 24 | $304.0M | $416.0M | ||
| Q2 24 | $707.0M | $346.0M |
自由现金流CMSMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $371.0M | ||
| Q3 25 | $-635.0M | $415.0M | ||
| Q2 25 | $-470.0M | $270.0M | ||
| Q1 25 | $112.0M | $-190.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | $-502.0M | $378.0M | ||
| Q2 24 | $26.0M | $303.0M |
自由现金流率CMSMAS
| Q1 26 | — | — | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | -32.2% | 21.6% | ||
| Q2 25 | -26.1% | 13.2% | ||
| Q1 25 | 4.7% | -10.5% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | -29.3% | 19.1% | ||
| Q2 24 | 1.6% | 14.5% |
资本支出强度CMSMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | 49.5% | 2.1% | ||
| Q2 25 | 49.2% | 1.8% | ||
| Q1 25 | 37.0% | 1.8% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 47.1% | 1.9% | ||
| Q2 24 | 43.2% | 2.1% |
现金转化率CMSMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 2.53× | ||
| Q3 25 | 1.24× | 2.41× | ||
| Q2 25 | 2.06× | 1.13× | ||
| Q1 25 | 3.29× | -0.85× | ||
| Q4 24 | 1.52× | 2.24× | ||
| Q3 24 | 1.20× | 2.49× | ||
| Q2 24 | 3.57× | 1.34× |
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% |
MAS
暂无分部数据
