vs
CMS Energy（CMS）与PVH CORP.（PVH）财务数据对比。点击上方公司名可切换其他公司
PVH CORP.的季度营收约是CMS Energy的1.1倍（$2.3B vs $2.1B），CMS Energy净利率更高（13.5% vs 0.2%，领先13.4%），CMS Energy同比增速更快（13.0% vs 1.7%）
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。
PVH集团是源自美国的知名服饰企业，前身为Phillips-Van Heusen公司，旗下拥有Tommy Hilfiger、Calvin Klein等标志性时尚品牌，同时还获得Kenneth Cole New York、Michael Kors等品牌的授权经营许可，在全球服饰消费市场拥有广泛影响力。
CMS vs PVH — 直观对比
营收规模更大
PVH
是对方的1.1倍
$2.1B
营收增速更快
CMS
高出11.2%
1.7%
净利率更高
CMS
高出13.4%
0.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.3B |
| 净利润 | $289.0M | $4.2M |
| 毛利率 | — | 56.3% |
| 营业利润率 | 20.4% | 7.9% |
| 净利率 | 13.5% | 0.2% |
| 营收同比 | 13.0% | 1.7% |
| 净利润同比 | 9.1% | -96.8% |
| 每股收益（稀释后） | $0.94 | $0.09 |
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CMSPVH
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $2.1B | — |
净利润CMSPVH
| Q4 25 | $289.0M | $4.2M | ||
| Q3 25 | $277.0M | $224.2M | ||
| Q2 25 | $201.0M | $-44.8M | ||
| Q1 25 | $304.0M | — | ||
| Q4 24 | $265.0M | — | ||
| Q3 24 | $253.0M | — | ||
| Q2 24 | $198.0M | — | ||
| Q1 24 | $287.0M | — |
毛利率CMSPVH
| Q4 25 | — | 56.3% | ||
| Q3 25 | — | 57.7% | ||
| Q2 25 | — | 58.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率CMSPVH
| Q4 25 | 20.4% | 7.9% | ||
| Q3 25 | 24.4% | 6.1% | ||
| Q2 25 | 17.6% | -16.7% | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 22.5% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 19.2% | — |
净利率CMSPVH
| Q4 25 | 13.5% | 0.2% | ||
| Q3 25 | 14.0% | 10.3% | ||
| Q2 25 | 11.2% | -2.3% | ||
| Q1 25 | 12.7% | — | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 13.4% | — |
每股收益（稀释后）CMSPVH
| Q4 25 | $0.94 | $0.09 | ||
| Q3 25 | $0.92 | $4.63 | ||
| Q2 25 | $0.66 | $-0.88 | ||
| 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 | $158.2M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $9.1B | $4.9B |
| 总资产 | $39.9B | $11.4B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资CMSPVH
| Q4 25 | $509.0M | $158.2M | ||
| Q3 25 | $362.0M | $248.8M | ||
| Q2 25 | $844.0M | $191.0M | ||
| Q1 25 | $465.0M | — | ||
| Q4 24 | $103.0M | — | ||
| Q3 24 | $412.0M | — | ||
| Q2 24 | $699.0M | — | ||
| Q1 24 | $802.0M | — |
总债务CMSPVH
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMSPVH
| Q4 25 | $9.1B | $4.9B | ||
| Q3 25 | $8.9B | $4.9B | ||
| Q2 25 | $8.4B | $4.6B | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.0B | — | ||
| Q1 24 | $7.9B | — |
总资产CMSPVH
| Q4 25 | $39.9B | $11.4B | ||
| Q3 25 | $38.0B | $11.6B | ||
| Q2 25 | $37.7B | $10.7B | ||
| Q1 25 | $36.3B | — | ||
| Q4 24 | $35.9B | — | ||
| Q3 24 | $34.8B | — | ||
| Q2 24 | $34.4B | — | ||
| Q1 24 | $33.9B | — |
负债/权益比CMSPVH
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $-44.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-85.1M |
| 自由现金流率自由现金流/营收 | — | -3.7% |
| 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× | -10.60× |
| 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CMSPVH
| Q4 25 | $478.0M | $-44.5M | ||
| Q3 25 | $343.0M | $213.1M | ||
| Q2 25 | $414.0M | $-71.4M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $403.0M | — | ||
| Q3 24 | $304.0M | — | ||
| Q2 24 | $707.0M | — | ||
| Q1 24 | $956.0M | — |
自由现金流CMSPVH
| Q4 25 | — | $-85.1M | ||
| Q3 25 | $-635.0M | $181.9M | ||
| Q2 25 | $-470.0M | $-98.1M | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-502.0M | — | ||
| Q2 24 | $26.0M | — | ||
| Q1 24 | $343.0M | — |
自由现金流率CMSPVH
| Q4 25 | — | -3.7% | ||
| Q3 25 | -32.2% | 8.4% | ||
| Q2 25 | -26.1% | -4.9% | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -29.3% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 16.0% | — |
资本支出强度CMSPVH
| Q4 25 | — | 1.8% | ||
| Q3 25 | 49.5% | 1.4% | ||
| Q2 25 | 49.2% | 1.3% | ||
| Q1 25 | 37.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.1% | — | ||
| Q2 24 | 43.2% | — | ||
| Q1 24 | 28.6% | — |
现金转化率CMSPVH
| Q4 25 | 1.65× | -10.60× | ||
| Q3 25 | 1.24× | 0.95× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 3.57× | — | ||
| Q1 24 | 3.33× | — |
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% |
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
