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CMS Energy（CMS）与PLEXUS CORP（PLXS）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PLEXUS CORP的1.8倍（$2.1B vs $1.2B），CMS Energy净利率更高（13.5% vs 4.3%，领先9.3%），PLEXUS CORP同比增速更快（18.7% vs 13.0%），过去两年PLEXUS CORP的营收复合增速更高（7.2% 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。
Plexus Corp是总部位于美国密歇根州特洛伊市的软件企业，专注于开发及推广Plex制造云产品，这是一款面向制造行业的SaaS模式云计算ERP解决方案，可助力制造企业实现数字化运营管理升级。
CMS vs PLXS — 直观对比
营收规模更大
CMS
是对方的1.8倍
$1.2B
营收增速更快
PLXS
高出5.8%
13.0%
净利率更高
CMS
高出9.3%
4.3%
两年增速更快
PLXS
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $289.0M | $49.8M |
| 毛利率 | — | 10.2% |
| 营业利润率 | 20.4% | 5.3% |
| 净利率 | 13.5% | 4.3% |
| 营收同比 | 13.0% | 18.7% |
| 净利润同比 | 9.1% | 27.5% |
| 每股收益（稀释后） | $0.94 | $1.82 |
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CMSPLXS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — |
净利润CMSPLXS
| Q1 26 | — | $41.2M | ||
| Q4 25 | $289.0M | — | ||
| Q3 25 | $277.0M | — | ||
| Q2 25 | $201.0M | — | ||
| Q1 25 | $304.0M | — | ||
| Q4 24 | $265.0M | — | ||
| Q3 24 | $253.0M | — | ||
| Q2 24 | $198.0M | — |
毛利率CMSPLXS
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CMSPLXS
| Q1 26 | — | 5.1% | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 22.5% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 18.0% | — |
净利率CMSPLXS
| Q1 26 | — | 3.8% | ||
| Q4 25 | 13.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 12.7% | — | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 12.6% | — |
每股收益（稀释后）CMSPLXS
| Q1 26 | — | $1.51 | ||
| 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 | — |
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 | $303.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $1.5B |
| 总资产 | $39.9B | $3.4B |
| 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CMSPLXS
| Q1 26 | — | $248.8M | ||
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | — | ||
| Q2 25 | $844.0M | — | ||
| Q1 25 | $465.0M | — | ||
| Q4 24 | $103.0M | — | ||
| Q3 24 | $412.0M | — | ||
| Q2 24 | $699.0M | — |
股东权益CMSPLXS
| Q1 26 | — | $1.5B | ||
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.4B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.0B | — |
总资产CMSPLXS
| Q1 26 | — | $3.2B | ||
| Q4 25 | $39.9B | — | ||
| Q3 25 | $38.0B | — | ||
| Q2 25 | $37.7B | — | ||
| Q1 25 | $36.3B | — | ||
| Q4 24 | $35.9B | — | ||
| Q3 24 | $34.8B | — | ||
| Q2 24 | $34.4B | — |
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 | — | — |
| 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CMSPLXS
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | — | ||
| Q3 25 | $343.0M | — | ||
| Q2 25 | $414.0M | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $403.0M | — | ||
| Q3 24 | $304.0M | — | ||
| Q2 24 | $707.0M | — |
自由现金流CMSPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-635.0M | — | ||
| Q2 25 | $-470.0M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-502.0M | — | ||
| Q2 24 | $26.0M | — |
自由现金流率CMSPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -32.2% | — | ||
| Q2 25 | -26.1% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -29.3% | — | ||
| Q2 24 | 1.6% | — |
资本支出强度CMSPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 49.5% | — | ||
| Q2 25 | 49.2% | — | ||
| Q1 25 | 37.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.1% | — | ||
| Q2 24 | 43.2% | — |
现金转化率CMSPLXS
| 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% |
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
