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CMS Energy（CMS）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是CMS Energy的1.0倍（$2.2B vs $2.1B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 13.5%，领先10.0%），CMS Energy同比增速更快（13.0% vs -36.8%），过去两年CMS Energy的营收复合增速更高（-0.2% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
CMS vs RNR — 直观对比
营收规模更大
RNR
是对方的1.0倍
$2.1B
营收增速更快
CMS
高出49.7%
-36.8%
净利率更高
RNR
高出10.0%
13.5%
两年增速更快
CMS
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.2B |
| 净利润 | $289.0M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | — |
| 净利率 | 13.5% | 23.5% |
| 营收同比 | 13.0% | -36.8% |
| 净利润同比 | 9.1% | 72.6% |
| 每股收益（稀释后） | $0.94 | $6.57 |
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CMSRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $2.4B | $3.5B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.7B | $4.0B | ||
| Q2 24 | $1.6B | $2.8B |
净利润CMSRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $289.0M | $760.5M | ||
| Q3 25 | $277.0M | $916.5M | ||
| Q2 25 | $201.0M | $835.4M | ||
| Q1 25 | $304.0M | $170.0M | ||
| Q4 24 | $265.0M | $-189.7M | ||
| Q3 24 | $253.0M | $1.2B | ||
| Q2 24 | $198.0M | $503.9M |
营业利润率CMSRNR
| Q1 26 | — | — | ||
| Q4 25 | 20.4% | 42.5% | ||
| Q3 25 | 24.4% | 46.3% | ||
| Q2 25 | 17.6% | 41.8% | ||
| Q1 25 | 20.6% | -2.0% | ||
| Q4 24 | 22.5% | -3.6% | ||
| Q3 24 | 21.4% | 43.7% | ||
| Q2 24 | 18.0% | 25.0% |
净利率CMSRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 13.5% | 25.6% | ||
| Q3 25 | 14.0% | 28.7% | ||
| Q2 25 | 11.2% | 26.1% | ||
| Q1 25 | 12.7% | 4.9% | ||
| Q4 24 | 14.0% | -8.3% | ||
| Q3 24 | 14.8% | 29.8% | ||
| Q2 24 | 12.6% | 17.8% |
每股收益（稀释后）CMSRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.94 | $16.16 | ||
| Q3 25 | $0.92 | $19.40 | ||
| Q2 25 | $0.66 | $17.20 | ||
| Q1 25 | $1.01 | $3.27 | ||
| Q4 24 | $0.88 | $-3.76 | ||
| Q3 24 | $0.84 | $22.62 | ||
| Q2 24 | $0.65 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $4.3B |
| 总资产 | $39.9B | $53.7B |
| 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CMSRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $509.0M | $1.7B | ||
| Q3 25 | $362.0M | $1.7B | ||
| Q2 25 | $844.0M | $1.4B | ||
| Q1 25 | $465.0M | $1.6B | ||
| Q4 24 | $103.0M | $1.7B | ||
| Q3 24 | $412.0M | $1.6B | ||
| Q2 24 | $699.0M | $1.6B |
总债务CMSRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益CMSRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $9.1B | $11.6B | ||
| Q3 25 | $8.9B | $11.5B | ||
| Q2 25 | $8.4B | $10.8B | ||
| Q1 25 | $8.3B | $10.3B | ||
| Q4 24 | $8.2B | $10.6B | ||
| Q3 24 | $8.1B | $11.2B | ||
| Q2 24 | $8.0B | $10.2B |
总资产CMSRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $39.9B | $53.8B | ||
| Q3 25 | $38.0B | $54.5B | ||
| Q2 25 | $37.7B | $54.7B | ||
| Q1 25 | $36.3B | $53.6B | ||
| Q4 24 | $35.9B | $50.7B | ||
| Q3 24 | $34.8B | $52.8B | ||
| Q2 24 | $34.4B | $51.6B |
负债/权益比CMSRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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CMSRNR
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | $483.0M | ||
| Q3 25 | $343.0M | $1.6B | ||
| Q2 25 | $414.0M | $1.5B | ||
| Q1 25 | $1.0B | $157.8M | ||
| Q4 24 | $403.0M | $778.9M | ||
| Q3 24 | $304.0M | $1.5B | ||
| Q2 24 | $707.0M | $1.2B |
自由现金流CMSRNR
| 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CMSRNR
| 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CMSRNR
| 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CMSRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 0.64× | ||
| Q3 25 | 1.24× | 1.73× | ||
| Q2 25 | 2.06× | 1.76× | ||
| Q1 25 | 3.29× | 0.93× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | 1.26× | ||
| Q2 24 | 3.57× | 2.41× |
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% |
RNR
暂无分部数据
