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CMS Energy（CMS）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
拉夫劳伦的季度营收约是CMS Energy的1.1倍（$2.4B vs $2.1B），拉夫劳伦净利率更高（15.0% vs 13.5%，领先1.5%），CMS Energy同比增速更快（13.0% vs 12.2%），过去两年拉夫劳伦的营收复合增速更高（23.9% 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
CMS vs RL — 直观对比
营收规模更大
RL
是对方的1.1倍
$2.1B
营收增速更快
CMS
高出0.7%
12.2%
净利率更高
RL
高出1.5%
13.5%
两年增速更快
RL
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.4B |
| 净利润 | $289.0M | $361.6M |
| 毛利率 | — | 69.9% |
| 营业利润率 | 20.4% | 19.6% |
| 净利率 | 13.5% | 15.0% |
| 营收同比 | 13.0% | 12.2% |
| 净利润同比 | 9.1% | 21.6% |
| 每股收益（稀释后） | $0.94 | $5.82 |
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CMSRL
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $2.1B | $1.6B |
净利润CMSRL
| Q4 25 | $289.0M | $361.6M | ||
| Q3 25 | $277.0M | $207.5M | ||
| Q2 25 | $201.0M | $220.4M | ||
| Q1 25 | $304.0M | $129.0M | ||
| Q4 24 | $265.0M | $297.4M | ||
| Q3 24 | $253.0M | $147.9M | ||
| Q2 24 | $198.0M | $168.6M | ||
| Q1 24 | $287.0M | $90.7M |
毛利率CMSRL
| Q4 25 | — | 69.9% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 70.5% | ||
| Q1 24 | — | 66.6% |
营业利润率CMSRL
| Q4 25 | 20.4% | 19.6% | ||
| Q3 25 | 24.4% | 12.2% | ||
| Q2 25 | 17.6% | 15.9% | ||
| Q1 25 | 20.6% | 9.1% | ||
| Q4 24 | 22.5% | 18.2% | ||
| Q3 24 | 21.4% | 10.4% | ||
| Q2 24 | 18.0% | 13.8% | ||
| Q1 24 | 19.2% | 6.9% |
净利率CMSRL
| Q4 25 | 13.5% | 15.0% | ||
| Q3 25 | 14.0% | 10.3% | ||
| Q2 25 | 11.2% | 12.8% | ||
| Q1 25 | 12.7% | 7.6% | ||
| Q4 24 | 14.0% | 13.9% | ||
| Q3 24 | 14.8% | 8.6% | ||
| Q2 24 | 12.6% | 11.1% | ||
| Q1 24 | 13.4% | 5.8% |
每股收益（稀释后）CMSRL
| Q4 25 | $0.94 | $5.82 | ||
| Q3 25 | $0.92 | $3.32 | ||
| Q2 25 | $0.66 | $3.52 | ||
| Q1 25 | $1.01 | $2.03 | ||
| Q4 24 | $0.88 | $4.66 | ||
| Q3 24 | $0.84 | $2.31 | ||
| Q2 24 | $0.65 | $2.61 | ||
| Q1 24 | $0.96 | $1.37 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $2.9B |
| 总资产 | $39.9B | $7.8B |
| 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CMSRL
| Q4 25 | $509.0M | $2.3B | ||
| Q3 25 | $362.0M | $1.6B | ||
| Q2 25 | $844.0M | $2.3B | ||
| Q1 25 | $465.0M | $2.1B | ||
| Q4 24 | $103.0M | $2.1B | ||
| Q3 24 | $412.0M | $1.7B | ||
| Q2 24 | $699.0M | $1.8B | ||
| Q1 24 | $802.0M | $1.8B |
股东权益CMSRL
| Q4 25 | $9.1B | $2.9B | ||
| Q3 25 | $8.9B | $2.6B | ||
| Q2 25 | $8.4B | $2.5B | ||
| Q1 25 | $8.3B | $2.6B | ||
| Q4 24 | $8.2B | $2.5B | ||
| Q3 24 | $8.1B | $2.4B | ||
| Q2 24 | $8.0B | $2.4B | ||
| Q1 24 | $7.9B | $2.5B |
总资产CMSRL
| Q4 25 | $39.9B | $7.8B | ||
| Q3 25 | $38.0B | $7.3B | ||
| Q2 25 | $37.7B | $7.8B | ||
| Q1 25 | $36.3B | $7.0B | ||
| Q4 24 | $35.9B | $7.1B | ||
| Q3 24 | $34.8B | $6.8B | ||
| Q2 24 | $34.4B | $6.6B | ||
| Q1 24 | $33.9B | $6.6B |
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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | — | $704.0M |
| 自由现金流率自由现金流/营收 | — | 29.3% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $694.5M |
8季度趋势，按日历期对齐
经营现金流CMSRL
| Q4 25 | $478.0M | $779.6M | ||
| Q3 25 | $343.0M | $53.2M | ||
| Q2 25 | $414.0M | $176.1M | ||
| Q1 25 | $1.0B | $122.2M | ||
| Q4 24 | $403.0M | $738.4M | ||
| Q3 24 | $304.0M | $97.2M | ||
| Q2 24 | $707.0M | $277.3M | ||
| Q1 24 | $956.0M | — |
自由现金流CMSRL
| Q4 25 | — | $704.0M | ||
| Q3 25 | $-635.0M | $-40.6M | ||
| Q2 25 | $-470.0M | $-11.2M | ||
| Q1 25 | $112.0M | $42.3M | ||
| Q4 24 | — | $677.2M | ||
| Q3 24 | $-502.0M | $55.5M | ||
| Q2 24 | $26.0M | $243.9M | ||
| Q1 24 | $343.0M | — |
自由现金流率CMSRL
| Q4 25 | — | 29.3% | ||
| Q3 25 | -32.2% | -2.0% | ||
| Q2 25 | -26.1% | -0.7% | ||
| Q1 25 | 4.7% | 2.5% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | -29.3% | 3.2% | ||
| Q2 24 | 1.6% | 16.1% | ||
| Q1 24 | 16.0% | — |
资本支出强度CMSRL
| Q4 25 | — | 3.1% | ||
| Q3 25 | 49.5% | 4.7% | ||
| Q2 25 | 49.2% | 10.9% | ||
| Q1 25 | 37.0% | 4.7% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 47.1% | 2.4% | ||
| Q2 24 | 43.2% | 2.2% | ||
| Q1 24 | 28.6% | — |
现金转化率CMSRL
| Q4 25 | 1.65× | 2.16× | ||
| Q3 25 | 1.24× | 0.26× | ||
| Q2 25 | 2.06× | 0.80× | ||
| Q1 25 | 3.29× | 0.95× | ||
| Q4 24 | 1.52× | 2.48× | ||
| Q3 24 | 1.20× | 0.66× | ||
| Q2 24 | 3.57× | 1.64× | ||
| 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% |
RL
暂无分部数据
