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CMS Energy（CMS）与Regions Financial Corporation（RF）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Regions Financial Corporation的1.7倍（$2.1B vs $1.3B），Regions Financial Corporation净利率更高（41.7% vs 13.5%，领先28.1%），CMS Energy同比增速更快（13.0% vs 4.1%），过去两年Regions Financial Corporation的营收复合增速更高（4.0% 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。
Regions Financial Corporation是美国银行控股企业，总部位于阿拉巴马州伯明翰市。公司提供零售及商业银行、信托、股票经纪、抵押贷款等服务，旗下银行业务子公司Regions Bank在美国南部和中西部15个州运营约1300家营业网点和2000台自动柜员机，服务大量当地个人及企业客户。
CMS vs RF — 直观对比
营收规模更大
CMS
是对方的1.7倍
$1.3B
营收增速更快
CMS
高出8.8%
4.1%
净利率更高
RF
高出28.1%
13.5%
两年增速更快
RF
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $289.0M | $534.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 55.3% |
| 净利率 | 13.5% | 41.7% |
| 营收同比 | 13.0% | 4.1% |
| 净利润同比 | 9.1% | 0.0% |
| 每股收益（稀释后） | $0.94 | $0.59 |
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CMSRF
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
净利润CMSRF
| Q4 25 | $289.0M | $534.0M | ||
| Q3 25 | $277.0M | $569.0M | ||
| Q2 25 | $201.0M | $563.0M | ||
| Q1 25 | $304.0M | $490.0M | ||
| Q4 24 | $265.0M | $534.0M | ||
| Q3 24 | $253.0M | $490.0M | ||
| Q2 24 | $198.0M | $501.0M | ||
| Q1 24 | $287.0M | $368.0M |
营业利润率CMSRF
| Q4 25 | 20.4% | 55.3% | ||
| Q3 25 | 24.4% | 56.3% | ||
| Q2 25 | 17.6% | 56.1% | ||
| Q1 25 | 20.6% | 52.0% | ||
| Q4 24 | 22.5% | 53.4% | ||
| Q3 24 | 21.4% | 49.9% | ||
| Q2 24 | 18.0% | 52.7% | ||
| Q1 24 | 19.2% | 39.2% |
净利率CMSRF
| Q4 25 | 13.5% | 41.7% | ||
| Q3 25 | 14.0% | 45.3% | ||
| Q2 25 | 11.2% | 44.7% | ||
| Q1 25 | 12.7% | 41.0% | ||
| Q4 24 | 14.0% | 43.4% | ||
| Q3 24 | 14.8% | 40.2% | ||
| Q2 24 | 12.6% | 42.2% | ||
| Q1 24 | 13.4% | 31.1% |
每股收益（稀释后）CMSRF
| Q4 25 | $0.94 | $0.59 | ||
| Q3 25 | $0.92 | $0.61 | ||
| Q2 25 | $0.66 | $0.59 | ||
| Q1 25 | $1.01 | $0.51 | ||
| Q4 24 | $0.88 | $0.55 | ||
| Q3 24 | $0.84 | $0.49 | ||
| Q2 24 | $0.65 | $0.52 | ||
| Q1 24 | $0.96 | $0.37 |
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 | — | $4.1B |
| 股东权益账面价值 | $9.1B | $19.0B |
| 总资产 | $39.9B | $158.8B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资CMSRF
| 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 | — | ||
| Q1 24 | $802.0M | — |
总债务CMSRF
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $3.3B |
股东权益CMSRF
| Q4 25 | $9.1B | $19.0B | ||
| Q3 25 | $8.9B | $19.0B | ||
| Q2 25 | $8.4B | $18.7B | ||
| Q1 25 | $8.3B | $18.5B | ||
| Q4 24 | $8.2B | $17.9B | ||
| Q3 24 | $8.1B | $18.7B | ||
| Q2 24 | $8.0B | $17.2B | ||
| Q1 24 | $7.9B | $17.0B |
总资产CMSRF
| Q4 25 | $39.9B | $158.8B | ||
| Q3 25 | $38.0B | $159.9B | ||
| Q2 25 | $37.7B | $159.2B | ||
| Q1 25 | $36.3B | $159.8B | ||
| Q4 24 | $35.9B | $157.3B | ||
| Q3 24 | $34.8B | $157.4B | ||
| Q2 24 | $34.4B | $154.1B | ||
| Q1 24 | $33.9B | $154.9B |
负债/权益比CMSRF
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.28× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 0.20× |
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 | $-319.0M |
| 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× | -0.60× |
| 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CMSRF
| Q4 25 | $478.0M | $-319.0M | ||
| Q3 25 | $343.0M | $861.0M | ||
| Q2 25 | $414.0M | $573.0M | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $403.0M | $-220.0M | ||
| Q3 24 | $304.0M | $1.3B | ||
| Q2 24 | $707.0M | $161.0M | ||
| Q1 24 | $956.0M | $396.0M |
自由现金流CMSRF
| Q4 25 | — | — | ||
| Q3 25 | $-635.0M | — | ||
| Q2 25 | $-470.0M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-502.0M | — | ||
| Q2 24 | $26.0M | — | ||
| Q1 24 | $343.0M | — |
自由现金流率CMSRF
| Q4 25 | — | — | ||
| Q3 25 | -32.2% | — | ||
| Q2 25 | -26.1% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -29.3% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 16.0% | — |
资本支出强度CMSRF
| Q4 25 | — | — | ||
| Q3 25 | 49.5% | — | ||
| Q2 25 | 49.2% | — | ||
| Q1 25 | 37.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 47.1% | — | ||
| Q2 24 | 43.2% | — | ||
| Q1 24 | 28.6% | — |
现金转化率CMSRF
| Q4 25 | 1.65× | -0.60× | ||
| Q3 25 | 1.24× | 1.51× | ||
| Q2 25 | 2.06× | 1.02× | ||
| Q1 25 | 3.29× | 2.18× | ||
| Q4 24 | 1.52× | -0.41× | ||
| Q3 24 | 1.20× | 2.57× | ||
| Q2 24 | 3.57× | 0.32× | ||
| Q1 24 | 3.33× | 1.08× |
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% |
RF
| Consumer Bank | $747.0M | 58% |
| Corporate Bank | $487.0M | 38% |
| Wealth Management | $47.0M | 4% |
