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CMS Energy（CMS）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.1倍（$2.1B vs $1.9B），CMS Energy净利率更高（13.5% vs 8.4%，领先5.1%），CMS Energy同比增速更快（13.0% vs 3.5%），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
CMS vs RPM — 直观对比
营收规模更大
CMS
是对方的1.1倍
$1.9B
营收增速更快
CMS
高出9.5%
3.5%
净利率更高
CMS
高出5.1%
8.4%
两年增速更快
RPM
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $289.0M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 20.4% | 11.0% |
| 净利率 | 13.5% | 8.4% |
| 营收同比 | 13.0% | 3.5% |
| 净利润同比 | 9.1% | -12.0% |
| 每股收益（稀释后） | $0.94 | $1.26 |
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CMSRPM
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $2.1B | $1.5B |
净利润CMSRPM
| Q4 25 | $289.0M | $161.2M | ||
| Q3 25 | $277.0M | $227.6M | ||
| Q2 25 | $201.0M | $225.8M | ||
| Q1 25 | $304.0M | $52.0M | ||
| Q4 24 | $265.0M | $183.2M | ||
| Q3 24 | $253.0M | $227.7M | ||
| Q2 24 | $198.0M | $180.6M | ||
| Q1 24 | $287.0M | $61.2M |
毛利率CMSRPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率CMSRPM
| Q4 25 | 20.4% | 11.0% | ||
| Q3 25 | 24.4% | 14.1% | ||
| Q2 25 | 17.6% | 11.9% | ||
| Q1 25 | 20.6% | 2.8% | ||
| Q4 24 | 22.5% | 11.5% | ||
| Q3 24 | 21.4% | 14.8% | ||
| Q2 24 | 18.0% | 11.9% | ||
| Q1 24 | 19.2% | 5.5% |
净利率CMSRPM
| Q4 25 | 13.5% | 8.4% | ||
| Q3 25 | 14.0% | 10.8% | ||
| Q2 25 | 11.2% | 10.8% | ||
| Q1 25 | 12.7% | 3.5% | ||
| Q4 24 | 14.0% | 9.9% | ||
| Q3 24 | 14.8% | 11.6% | ||
| Q2 24 | 12.6% | 9.0% | ||
| Q1 24 | 13.4% | 4.0% |
每股收益（稀释后）CMSRPM
| Q4 25 | $0.94 | $1.26 | ||
| Q3 25 | $0.92 | $1.77 | ||
| Q2 25 | $0.66 | $1.76 | ||
| Q1 25 | $1.01 | $0.40 | ||
| Q4 24 | $0.88 | $1.42 | ||
| Q3 24 | $0.84 | $1.77 | ||
| Q2 24 | $0.65 | $1.40 | ||
| Q1 24 | $0.96 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $9.1B | $3.1B |
| 总资产 | $39.9B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资CMSRPM
| Q4 25 | $509.0M | $316.6M | ||
| Q3 25 | $362.0M | $297.1M | ||
| Q2 25 | $844.0M | $302.1M | ||
| Q1 25 | $465.0M | $241.9M | ||
| Q4 24 | $103.0M | $268.7M | ||
| Q3 24 | $412.0M | $231.6M | ||
| Q2 24 | $699.0M | $237.4M | ||
| Q1 24 | $802.0M | $248.9M |
总债务CMSRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益CMSRPM
| Q4 25 | $9.1B | $3.1B | ||
| Q3 25 | $8.9B | $3.1B | ||
| Q2 25 | $8.4B | $2.9B | ||
| Q1 25 | $8.3B | $2.7B | ||
| Q4 24 | $8.2B | $2.7B | ||
| Q3 24 | $8.1B | $2.6B | ||
| Q2 24 | $8.0B | $2.5B | ||
| Q1 24 | $7.9B | $2.3B |
总资产CMSRPM
| Q4 25 | $39.9B | $7.9B | ||
| Q3 25 | $38.0B | $7.9B | ||
| Q2 25 | $37.7B | $7.8B | ||
| Q1 25 | $36.3B | $6.6B | ||
| Q4 24 | $35.9B | $6.7B | ||
| Q3 24 | $34.8B | $6.6B | ||
| Q2 24 | $34.4B | $6.6B | ||
| Q1 24 | $33.9B | $6.4B |
负债/权益比CMSRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | — | $296.4M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 1.65× | 2.14× |
| 过去12个月自由现金流最近4个季度 | — | $582.9M |
8季度趋势，按日历期对齐
经营现金流CMSRPM
| Q4 25 | $478.0M | $345.7M | ||
| Q3 25 | $343.0M | $237.5M | ||
| Q2 25 | $414.0M | $149.2M | ||
| Q1 25 | $1.0B | $91.5M | ||
| Q4 24 | $403.0M | $279.4M | ||
| Q3 24 | $304.0M | $248.1M | ||
| Q2 24 | $707.0M | $181.2M | ||
| Q1 24 | $956.0M | $173.4M |
自由现金流CMSRPM
| Q4 25 | — | $296.4M | ||
| Q3 25 | $-635.0M | $175.0M | ||
| Q2 25 | $-470.0M | $78.2M | ||
| Q1 25 | $112.0M | $33.3M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | $-502.0M | $197.3M | ||
| Q2 24 | $26.0M | $105.3M | ||
| Q1 24 | $343.0M | $124.6M |
自由现金流率CMSRPM
| Q4 25 | — | 15.5% | ||
| Q3 25 | -32.2% | 8.3% | ||
| Q2 25 | -26.1% | 3.8% | ||
| Q1 25 | 4.7% | 2.3% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | -29.3% | 10.0% | ||
| Q2 24 | 1.6% | 5.2% | ||
| Q1 24 | 16.0% | 8.2% |
资本支出强度CMSRPM
| Q4 25 | — | 2.6% | ||
| Q3 25 | 49.5% | 3.0% | ||
| Q2 25 | 49.2% | 3.4% | ||
| Q1 25 | 37.0% | 3.9% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 47.1% | 2.6% | ||
| Q2 24 | 43.2% | 3.8% | ||
| Q1 24 | 28.6% | 3.2% |
现金转化率CMSRPM
| Q4 25 | 1.65× | 2.14× | ||
| Q3 25 | 1.24× | 1.04× | ||
| Q2 25 | 2.06× | 0.66× | ||
| Q1 25 | 3.29× | 1.76× | ||
| Q4 24 | 1.52× | 1.53× | ||
| Q3 24 | 1.20× | 1.09× | ||
| Q2 24 | 3.57× | 1.00× | ||
| Q1 24 | 3.33× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
