vs
CMS Energy（CMS）与美盛公司（MOS）财务数据对比。点击上方公司名可切换其他公司
美盛公司的季度营收约是CMS Energy的1.4倍（$3.0B vs $2.1B），CMS Energy净利率更高（13.5% vs -17.5%，领先31.0%），CMS Energy同比增速更快（13.0% vs 5.6%），过去两年美盛公司的营收复合增速更高（5.3% 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。
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
CMS vs MOS — 直观对比
营收规模更大
MOS
是对方的1.4倍
$2.1B
营收增速更快
CMS
高出7.4%
5.6%
净利率更高
CMS
高出31.0%
-17.5%
两年增速更快
MOS
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.0B |
| 净利润 | $289.0M | $-519.5M |
| 毛利率 | — | 11.5% |
| 营业利润率 | 20.4% | -3.4% |
| 净利率 | 13.5% | -17.5% |
| 营收同比 | 13.0% | 5.6% |
| 净利润同比 | 9.1% | -407.4% |
| 每股收益（稀释后） | $0.94 | $-1.63 |
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CMSMOS
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $1.8B | $3.0B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.7B | $2.8B | ||
| Q2 24 | $1.6B | $2.8B | ||
| Q1 24 | $2.1B | $2.7B |
净利润CMSMOS
| Q4 25 | $289.0M | $-519.5M | ||
| Q3 25 | $277.0M | $411.4M | ||
| Q2 25 | $201.0M | $410.7M | ||
| Q1 25 | $304.0M | $238.1M | ||
| Q4 24 | $265.0M | $169.0M | ||
| Q3 24 | $253.0M | $122.2M | ||
| Q2 24 | $198.0M | $-161.5M | ||
| Q1 24 | $287.0M | $45.2M |
毛利率CMSMOS
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 16.0% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 14.8% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 14.9% |
营业利润率CMSMOS
| Q4 25 | 20.4% | -3.4% | ||
| Q3 25 | 24.4% | 9.8% | ||
| Q2 25 | 17.6% | 8.1% | ||
| Q1 25 | 20.6% | 12.9% | ||
| Q4 24 | 22.5% | 3.5% | ||
| Q3 24 | 21.4% | 4.1% | ||
| Q2 24 | 18.0% | 8.3% | ||
| Q1 24 | 19.2% | 6.5% |
净利率CMSMOS
| Q4 25 | 13.5% | -17.5% | ||
| Q3 25 | 14.0% | 11.9% | ||
| Q2 25 | 11.2% | 13.7% | ||
| Q1 25 | 12.7% | 9.1% | ||
| Q4 24 | 14.0% | 6.0% | ||
| Q3 24 | 14.8% | 4.3% | ||
| Q2 24 | 12.6% | -5.7% | ||
| Q1 24 | 13.4% | 1.7% |
每股收益（稀释后）CMSMOS
| Q4 25 | $0.94 | $-1.63 | ||
| Q3 25 | $0.92 | $1.29 | ||
| Q2 25 | $0.66 | $1.29 | ||
| Q1 25 | $1.01 | $0.75 | ||
| Q4 24 | $0.88 | $0.53 | ||
| Q3 24 | $0.84 | $0.38 | ||
| Q2 24 | $0.65 | $-0.50 | ||
| Q1 24 | $0.96 | $0.14 |
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 | $276.6M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $9.1B | $12.1B |
| 总资产 | $39.9B | $24.5B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资CMSMOS
| Q4 25 | $509.0M | $276.6M | ||
| Q3 25 | $362.0M | $153.3M | ||
| Q2 25 | $844.0M | $286.2M | ||
| Q1 25 | $465.0M | $259.2M | ||
| Q4 24 | $103.0M | $272.8M | ||
| Q3 24 | $412.0M | $301.6M | ||
| Q2 24 | $699.0M | $322.0M | ||
| Q1 24 | $802.0M | $336.7M |
总债务CMSMOS
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益CMSMOS
| Q4 25 | $9.1B | $12.1B | ||
| Q3 25 | $8.9B | $12.8B | ||
| Q2 25 | $8.4B | $12.4B | ||
| Q1 25 | $8.3B | $11.8B | ||
| Q4 24 | $8.2B | $11.5B | ||
| Q3 24 | $8.1B | $11.8B | ||
| Q2 24 | $8.0B | $11.7B | ||
| Q1 24 | $7.9B | $12.0B |
总资产CMSMOS
| Q4 25 | $39.9B | $24.5B | ||
| Q3 25 | $38.0B | $24.7B | ||
| Q2 25 | $37.7B | $24.3B | ||
| Q1 25 | $36.3B | $23.2B | ||
| Q4 24 | $35.9B | $22.9B | ||
| Q3 24 | $34.8B | $23.3B | ||
| Q2 24 | $34.4B | $22.6B | ||
| Q1 24 | $33.9B | $22.9B |
负债/权益比CMSMOS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.27× |
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 | $-56.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-405.7M |
| 自由现金流率自由现金流/营收 | — | -13.6% |
| 资本支出强度资本支出/营收 | — | 11.8% |
| 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 | — | $-534.6M |
8季度趋势，按日历期对齐
经营现金流CMSMOS
| Q4 25 | $478.0M | $-56.1M | ||
| Q3 25 | $343.0M | $228.5M | ||
| Q2 25 | $414.0M | $609.5M | ||
| Q1 25 | $1.0B | $42.9M | ||
| Q4 24 | $403.0M | $219.3M | ||
| Q3 24 | $304.0M | $312.9M | ||
| Q2 24 | $707.0M | $847.0M | ||
| Q1 24 | $956.0M | $-80.0M |
自由现金流CMSMOS
| Q4 25 | — | $-405.7M | ||
| Q3 25 | $-635.0M | $-135.9M | ||
| Q2 25 | $-470.0M | $304.9M | ||
| Q1 25 | $112.0M | $-297.9M | ||
| Q4 24 | — | $-74.8M | ||
| Q3 24 | $-502.0M | $72.1M | ||
| Q2 24 | $26.0M | $513.1M | ||
| Q1 24 | $343.0M | $-463.0M |
自由现金流率CMSMOS
| Q4 25 | — | -13.6% | ||
| Q3 25 | -32.2% | -3.9% | ||
| Q2 25 | -26.1% | 10.1% | ||
| Q1 25 | 4.7% | -11.4% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | -29.3% | 2.6% | ||
| Q2 24 | 1.6% | 18.2% | ||
| Q1 24 | 16.0% | -17.3% |
资本支出强度CMSMOS
| Q4 25 | — | 11.8% | ||
| Q3 25 | 49.5% | 10.6% | ||
| Q2 25 | 49.2% | 10.1% | ||
| Q1 25 | 37.0% | 13.0% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 47.1% | 8.6% | ||
| Q2 24 | 43.2% | 11.9% | ||
| Q1 24 | 28.6% | 14.3% |
现金转化率CMSMOS
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.24× | 0.56× | ||
| Q2 25 | 2.06× | 1.48× | ||
| Q1 25 | 3.29× | 0.18× | ||
| Q4 24 | 1.52× | 1.30× | ||
| Q3 24 | 1.20× | 2.56× | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 3.33× | -1.77× |
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% |
MOS
暂无分部数据
