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CMS Energy（CMS）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是CMS Energy的2.0倍（$4.2B vs $2.1B），CMS Energy净利率更高（13.5% vs 13.5%，领先0.1%），CMS Energy同比增速更快（13.0% vs 3.5%），过去两年Raymond James Financial的营收复合增速更高（7.1% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
CMS vs RJF — 直观对比
营收规模更大
RJF
是对方的2.0倍
$2.1B
营收增速更快
CMS
高出9.5%
3.5%
净利率更高
CMS
高出0.1%
13.5%
两年增速更快
RJF
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.2B |
| 净利润 | $289.0M | $563.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | — |
| 净利率 | 13.5% | 13.5% |
| 营收同比 | 13.0% | 3.5% |
| 净利润同比 | 9.1% | -6.2% |
| 每股收益（稀释后） | $0.94 | $2.79 |
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CMSRJF
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $2.0B | $4.2B | ||
| Q2 25 | $1.8B | $3.8B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $1.9B | $4.0B | ||
| Q3 24 | $1.7B | $4.0B | ||
| Q2 24 | $1.6B | $3.8B | ||
| Q1 24 | $2.1B | $3.6B |
净利润CMSRJF
| Q4 25 | $289.0M | $563.0M | ||
| Q3 25 | $277.0M | $604.0M | ||
| Q2 25 | $201.0M | $436.0M | ||
| Q1 25 | $304.0M | $495.0M | ||
| Q4 24 | $265.0M | $600.0M | ||
| Q3 24 | $253.0M | $602.0M | ||
| Q2 24 | $198.0M | $492.0M | ||
| Q1 24 | $287.0M | $476.0M |
营业利润率CMSRJF
| Q4 25 | 20.4% | — | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 17.6% | 14.7% | ||
| Q1 25 | 20.6% | 17.5% | ||
| Q4 24 | 22.5% | 18.6% | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 18.0% | 17.1% | ||
| Q1 24 | 19.2% | 16.7% |
净利率CMSRJF
| Q4 25 | 13.5% | 13.5% | ||
| Q3 25 | 14.0% | 14.4% | ||
| Q2 25 | 11.2% | 11.3% | ||
| Q1 25 | 12.7% | 12.9% | ||
| Q4 24 | 14.0% | 14.9% | ||
| Q3 24 | 14.8% | 15.0% | ||
| Q2 24 | 12.6% | 13.1% | ||
| Q1 24 | 13.4% | 13.1% |
每股收益（稀释后）CMSRJF
| Q4 25 | $0.94 | $2.79 | ||
| Q3 25 | $0.92 | $2.96 | ||
| Q2 25 | $0.66 | $2.12 | ||
| Q1 25 | $1.01 | $2.36 | ||
| Q4 24 | $0.88 | $2.86 | ||
| Q3 24 | $0.84 | $2.85 | ||
| Q2 24 | $0.65 | $2.31 | ||
| Q1 24 | $0.96 | $2.22 |
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 | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $12.6B |
| 总资产 | $39.9B | $88.8B |
| 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CMSRJF
| Q4 25 | $509.0M | $9.9B | ||
| Q3 25 | $362.0M | $11.4B | ||
| Q2 25 | $844.0M | $9.2B | ||
| Q1 25 | $465.0M | $9.7B | ||
| Q4 24 | $103.0M | $10.0B | ||
| Q3 24 | $412.0M | $11.0B | ||
| Q2 24 | $699.0M | $9.1B | ||
| Q1 24 | $802.0M | $10.0B |
股东权益CMSRJF
| Q4 25 | $9.1B | $12.6B | ||
| Q3 25 | $8.9B | $12.5B | ||
| Q2 25 | $8.4B | $12.3B | ||
| Q1 25 | $8.3B | $12.2B | ||
| Q4 24 | $8.2B | $11.9B | ||
| Q3 24 | $8.1B | $11.7B | ||
| Q2 24 | $8.0B | $11.2B | ||
| Q1 24 | $7.9B | $11.0B |
总资产CMSRJF
| Q4 25 | $39.9B | $88.8B | ||
| Q3 25 | $38.0B | $88.2B | ||
| Q2 25 | $37.7B | $84.8B | ||
| Q1 25 | $36.3B | $83.1B | ||
| Q4 24 | $35.9B | $82.3B | ||
| Q3 24 | $34.8B | $83.0B | ||
| Q2 24 | $34.4B | $80.6B | ||
| Q1 24 | $33.9B | $81.2B |
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 | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-56.0M |
| 自由现金流率自由现金流/营收 | — | -1.3% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 1.65× | -0.02× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流CMSRJF
| Q4 25 | $478.0M | $-10.0M | ||
| Q3 25 | $343.0M | $796.0M | ||
| Q2 25 | $414.0M | $691.0M | ||
| Q1 25 | $1.0B | $117.0M | ||
| Q4 24 | $403.0M | $830.0M | ||
| Q3 24 | $304.0M | $510.0M | ||
| Q2 24 | $707.0M | $711.0M | ||
| Q1 24 | $956.0M | $391.0M |
自由现金流CMSRJF
| Q4 25 | — | $-56.0M | ||
| Q3 25 | $-635.0M | $752.0M | ||
| Q2 25 | $-470.0M | $634.0M | ||
| Q1 25 | $112.0M | $71.0M | ||
| Q4 24 | — | $789.0M | ||
| Q3 24 | $-502.0M | $460.0M | ||
| Q2 24 | $26.0M | $655.0M | ||
| Q1 24 | $343.0M | $342.0M |
自由现金流率CMSRJF
| Q4 25 | — | -1.3% | ||
| Q3 25 | -32.2% | 17.9% | ||
| Q2 25 | -26.1% | 16.5% | ||
| Q1 25 | 4.7% | 1.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | -29.3% | 11.5% | ||
| Q2 24 | 1.6% | 17.4% | ||
| Q1 24 | 16.0% | 9.4% |
资本支出强度CMSRJF
| Q4 25 | — | 1.1% | ||
| Q3 25 | 49.5% | 1.1% | ||
| Q2 25 | 49.2% | 1.5% | ||
| Q1 25 | 37.0% | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 47.1% | 1.2% | ||
| Q2 24 | 43.2% | 1.5% | ||
| Q1 24 | 28.6% | 1.3% |
现金转化率CMSRJF
| Q4 25 | 1.65× | -0.02× | ||
| Q3 25 | 1.24× | 1.32× | ||
| Q2 25 | 2.06× | 1.58× | ||
| Q1 25 | 3.29× | 0.24× | ||
| Q4 24 | 1.52× | 1.38× | ||
| Q3 24 | 1.20× | 0.85× | ||
| Q2 24 | 3.57× | 1.45× | ||
| Q1 24 | 3.33× | 0.82× |
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% |
RJF
暂无分部数据
