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CMS Energy（CMS）与Roper Technologies（ROP）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Roper Technologies的1.0倍（$2.1B vs $2.1B），Roper Technologies净利率更高（15.8% vs 13.5%，领先2.3%），CMS Energy同比增速更快（13.0% vs 11.3%），过去两年Roper Technologies的营收复合增速更高（10.5% 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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
CMS vs ROP — 直观对比
营收规模更大
CMS
是对方的1.0倍
$2.1B
营收增速更快
CMS
高出1.7%
11.3%
净利率更高
ROP
高出2.3%
13.5%
两年增速更快
ROP
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.1B |
| 净利润 | $289.0M | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | 20.4% | 27.2% |
| 净利率 | 13.5% | 15.8% |
| 营收同比 | 13.0% | 11.3% |
| 净利润同比 | 9.1% | 842.6% |
| 每股收益（稀释后） | $0.94 | $4.87 |
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CMSROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.6B | $1.7B |
净利润CMSROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $289.0M | $428.4M | ||
| Q3 25 | $277.0M | $398.5M | ||
| Q2 25 | $201.0M | $378.3M | ||
| Q1 25 | $304.0M | $331.1M | ||
| Q4 24 | $265.0M | $462.3M | ||
| Q3 24 | $253.0M | $367.9M | ||
| Q2 24 | $198.0M | $337.1M |
毛利率CMSROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率CMSROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 20.4% | 28.6% | ||
| Q3 25 | 24.4% | 28.4% | ||
| Q2 25 | 17.6% | 28.2% | ||
| Q1 25 | 20.6% | 27.9% | ||
| Q4 24 | 22.5% | 28.0% | ||
| Q3 24 | 21.4% | 28.1% | ||
| Q2 24 | 18.0% | 28.8% |
净利率CMSROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 13.5% | 20.8% | ||
| Q3 25 | 14.0% | 19.8% | ||
| Q2 25 | 11.2% | 19.5% | ||
| Q1 25 | 12.7% | 17.6% | ||
| Q4 24 | 14.0% | 24.6% | ||
| Q3 24 | 14.8% | 20.8% | ||
| Q2 24 | 12.6% | 19.6% |
每股收益（稀释后）CMSROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $0.94 | $3.97 | ||
| Q3 25 | $0.92 | $3.68 | ||
| Q2 25 | $0.66 | $3.49 | ||
| Q1 25 | $1.01 | $3.06 | ||
| Q4 24 | $0.88 | $4.29 | ||
| Q3 24 | $0.84 | $3.40 | ||
| Q2 24 | $0.65 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $9.1B | $18.8B |
| 总资产 | $39.9B | $34.6B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资CMSROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $509.0M | $297.4M | ||
| Q3 25 | $362.0M | $320.0M | ||
| Q2 25 | $844.0M | $242.4M | ||
| Q1 25 | $465.0M | $372.8M | ||
| Q4 24 | $103.0M | $188.2M | ||
| Q3 24 | $412.0M | $269.6M | ||
| Q2 24 | $699.0M | $251.5M |
总债务CMSROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMSROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $9.1B | $19.9B | ||
| Q3 25 | $8.9B | $20.0B | ||
| Q2 25 | $8.4B | $19.6B | ||
| Q1 25 | $8.3B | $19.2B | ||
| Q4 24 | $8.2B | $18.9B | ||
| Q3 24 | $8.1B | $18.5B | ||
| Q2 24 | $8.0B | $18.1B |
总资产CMSROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $39.9B | $34.6B | ||
| Q3 25 | $38.0B | $34.6B | ||
| Q2 25 | $37.7B | $33.2B | ||
| Q1 25 | $36.3B | $31.4B | ||
| Q4 24 | $35.9B | $31.3B | ||
| Q3 24 | $34.8B | $31.6B | ||
| Q2 24 | $34.4B | $29.8B |
负债/权益比CMSROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $507.0M |
| 自由现金流率自由现金流/营收 | — | 24.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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CMSROP
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | $738.0M | ||
| Q3 25 | $343.0M | $869.5M | ||
| Q2 25 | $414.0M | $404.1M | ||
| Q1 25 | $1.0B | $528.7M | ||
| Q4 24 | $403.0M | $722.2M | ||
| Q3 24 | $304.0M | $755.4M | ||
| Q2 24 | $707.0M | $384.1M |
自由现金流CMSROP
| Q1 26 | — | $507.0M | ||
| 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CMSROP
| Q1 26 | — | 24.2% | ||
| 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CMSROP
| Q1 26 | — | 0.5% | ||
| 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CMSROP
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 1.72× | ||
| Q3 25 | 1.24× | 2.18× | ||
| Q2 25 | 2.06× | 1.07× | ||
| Q1 25 | 3.29× | 1.60× | ||
| Q4 24 | 1.52× | 1.56× | ||
| Q3 24 | 1.20× | 2.05× | ||
| Q2 24 | 3.57× | 1.14× |
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% |
ROP
暂无分部数据
