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CMS Energy（CMS）与怪兽饮料（MNST）财务数据对比。点击上方公司名可切换其他公司
CMS Energy的季度营收约是怪兽饮料的1.0倍（$2.1B vs $2.1B），怪兽饮料净利率更高（21.1% vs 13.5%，领先7.5%），怪兽饮料同比增速更快（17.6% vs 13.0%），过去两年怪兽饮料的营收复合增速更高（5.9% 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。
怪兽饮料是美国知名饮品企业，旗下拥有魔爪、Relentless、Reign、Burn等多款畅销能量饮料产品。公司1935年创立于美国南加州，前身为Hansen's，最初主营果汁产品，2012年正式更为现名。
CMS vs MNST — 直观对比
营收规模更大
CMS
是对方的1.0倍
$2.1B
营收增速更快
MNST
高出4.6%
13.0%
净利率更高
MNST
高出7.5%
13.5%
两年增速更快
MNST
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.1B |
| 净利润 | $289.0M | $449.2M |
| 毛利率 | — | 55.5% |
| 营业利润率 | 20.4% | 25.5% |
| 净利率 | 13.5% | 21.1% |
| 营收同比 | 13.0% | 17.6% |
| 净利润同比 | 9.1% | 65.9% |
| 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CMSMNST
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.7B | $1.9B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $2.1B | $1.9B |
净利润CMSMNST
| Q4 25 | $289.0M | $449.2M | ||
| Q3 25 | $277.0M | $524.5M | ||
| Q2 25 | $201.0M | $488.8M | ||
| Q1 25 | $304.0M | $443.0M | ||
| Q4 24 | $265.0M | $270.7M | ||
| Q3 24 | $253.0M | $370.9M | ||
| Q2 24 | $198.0M | $425.4M | ||
| Q1 24 | $287.0M | $442.0M |
毛利率CMSMNST
| Q4 25 | — | 55.5% | ||
| Q3 25 | — | 55.7% | ||
| Q2 25 | — | 55.7% | ||
| Q1 25 | — | 56.5% | ||
| Q4 24 | — | 55.3% | ||
| Q3 24 | — | 53.2% | ||
| Q2 24 | — | 53.6% | ||
| Q1 24 | — | 54.1% |
营业利润率CMSMNST
| Q4 25 | 20.4% | 25.5% | ||
| Q3 25 | 24.4% | 30.7% | ||
| Q2 25 | 17.6% | 29.9% | ||
| Q1 25 | 20.6% | 30.7% | ||
| Q4 24 | 22.5% | 21.0% | ||
| Q3 24 | 21.4% | 25.5% | ||
| Q2 24 | 18.0% | 27.7% | ||
| Q1 24 | 19.2% | 28.5% |
净利率CMSMNST
| Q4 25 | 13.5% | 21.1% | ||
| Q3 25 | 14.0% | 23.9% | ||
| Q2 25 | 11.2% | 23.1% | ||
| Q1 25 | 12.7% | 23.9% | ||
| Q4 24 | 14.0% | 14.9% | ||
| Q3 24 | 14.8% | 19.7% | ||
| Q2 24 | 12.6% | 22.4% | ||
| Q1 24 | 13.4% | 23.3% |
每股收益（稀释后）CMSMNST
| Q4 25 | $0.94 | — | ||
| Q3 25 | $0.92 | — | ||
| Q2 25 | $0.66 | — | ||
| Q1 25 | $1.01 | — | ||
| Q4 24 | $0.88 | — | ||
| Q3 24 | $0.84 | — | ||
| Q2 24 | $0.65 | — | ||
| Q1 24 | $0.96 | — |
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 | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $8.3B |
| 总资产 | $39.9B | $10.0B |
| 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CMSMNST
| Q4 25 | $509.0M | $2.8B | ||
| Q3 25 | $362.0M | $2.6B | ||
| Q2 25 | $844.0M | $2.1B | ||
| Q1 25 | $465.0M | $1.9B | ||
| Q4 24 | $103.0M | $1.5B | ||
| Q3 24 | $412.0M | $1.6B | ||
| Q2 24 | $699.0M | $1.6B | ||
| Q1 24 | $802.0M | $3.6B |
总债务CMSMNST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $199.1M | ||
| Q4 24 | — | $374.0M | ||
| Q3 24 | — | $748.8M | ||
| Q2 24 | — | $748.7M | ||
| Q1 24 | — | — |
股东权益CMSMNST
| Q4 25 | $9.1B | $8.3B | ||
| Q3 25 | $8.9B | $7.7B | ||
| Q2 25 | $8.4B | $7.2B | ||
| Q1 25 | $8.3B | $6.5B | ||
| Q4 24 | $8.2B | $6.0B | ||
| Q3 24 | $8.1B | $5.8B | ||
| Q2 24 | $8.0B | $5.9B | ||
| Q1 24 | $7.9B | $8.6B |
总资产CMSMNST
| Q4 25 | $39.9B | $10.0B | ||
| Q3 25 | $38.0B | $9.6B | ||
| Q2 25 | $37.7B | $8.7B | ||
| Q1 25 | $36.3B | $8.2B | ||
| Q4 24 | $35.9B | $7.7B | ||
| Q3 24 | $34.8B | $8.1B | ||
| Q2 24 | $34.4B | $8.1B | ||
| Q1 24 | $33.9B | $10.1B |
负债/权益比CMSMNST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.13× | ||
| Q1 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 | $379.4M |
| 自由现金流经营现金流 - 资本支出 | — | $351.2M |
| 自由现金流率自由现金流/营收 | — | 16.5% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | 1.65× | 0.84× |
| 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CMSMNST
| Q4 25 | $478.0M | $379.4M | ||
| Q3 25 | $343.0M | $745.1M | ||
| Q2 25 | $414.0M | $466.0M | ||
| Q1 25 | $1.0B | $507.6M | ||
| Q4 24 | $403.0M | $461.7M | ||
| Q3 24 | $304.0M | $618.4M | ||
| Q2 24 | $707.0M | $436.3M | ||
| Q1 24 | $956.0M | $412.1M |
自由现金流CMSMNST
| Q4 25 | — | $351.2M | ||
| Q3 25 | $-635.0M | $701.5M | ||
| Q2 25 | $-470.0M | $434.6M | ||
| Q1 25 | $112.0M | $478.5M | ||
| Q4 24 | — | $370.4M | ||
| Q3 24 | $-502.0M | $571.4M | ||
| Q2 24 | $26.0M | $376.5M | ||
| Q1 24 | $343.0M | $346.1M |
自由现金流率CMSMNST
| Q4 25 | — | 16.5% | ||
| Q3 25 | -32.2% | 31.9% | ||
| Q2 25 | -26.1% | 20.6% | ||
| Q1 25 | 4.7% | 25.8% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | -29.3% | 30.4% | ||
| Q2 24 | 1.6% | 19.8% | ||
| Q1 24 | 16.0% | 18.2% |
资本支出强度CMSMNST
| Q4 25 | — | 1.3% | ||
| Q3 25 | 49.5% | 2.0% | ||
| Q2 25 | 49.2% | 1.5% | ||
| Q1 25 | 37.0% | 1.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 47.1% | 2.5% | ||
| Q2 24 | 43.2% | 3.1% | ||
| Q1 24 | 28.6% | 3.5% |
现金转化率CMSMNST
| Q4 25 | 1.65× | 0.84× | ||
| Q3 25 | 1.24× | 1.42× | ||
| Q2 25 | 2.06× | 0.95× | ||
| Q1 25 | 3.29× | 1.15× | ||
| Q4 24 | 1.52× | 1.71× | ||
| Q3 24 | 1.20× | 1.67× | ||
| Q2 24 | 3.57× | 1.03× | ||
| Q1 24 | 3.33× | 0.93× |
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% |
MNST
| Monster Energy Drinks Segment | $1.2B | 57% |
| Sales Revenue Product Line | $905.5M | 42% |
| Strategic Brands Segment | $50.3M | 2% |
| Alcohol Brands Segment | $29.0M | 1% |
