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CMS Energy（CMS）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是CMS Energy的1.8倍（$3.8B vs $2.1B），CMS Energy净利率更高（13.5% vs 6.6%，领先7.0%），CMS Energy同比增速更快（13.0% vs 0.8%），过去两年史密斯菲尔德食品的营收复合增速更高（6.8% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
CMS vs SFD — 直观对比
营收规模更大
SFD
是对方的1.8倍
$2.1B
营收增速更快
CMS
高出12.2%
0.8%
净利率更高
CMS
高出7.0%
6.6%
两年增速更快
SFD
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.8B |
| 净利润 | $289.0M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 20.4% | 8.8% |
| 净利率 | 13.5% | 6.6% |
| 营收同比 | 13.0% | 0.8% |
| 净利润同比 | 9.1% | 9.8% |
| 每股收益（稀释后） | $0.94 | — |
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CMSSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $1.8B | $3.8B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $1.9B | $4.0B | ||
| Q3 24 | $1.7B | $3.3B | ||
| Q2 24 | $1.6B | — |
净利润CMSSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $289.0M | $327.0M | ||
| Q3 25 | $277.0M | $248.0M | ||
| Q2 25 | $201.0M | $188.0M | ||
| Q1 25 | $304.0M | $224.0M | ||
| Q4 24 | $265.0M | $205.0M | ||
| Q3 24 | $253.0M | $291.0M | ||
| Q2 24 | $198.0M | — |
毛利率CMSSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | — |
营业利润率CMSSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 20.4% | 9.5% | ||
| Q3 25 | 24.4% | 8.3% | ||
| Q2 25 | 17.6% | 6.9% | ||
| Q1 25 | 20.6% | 8.5% | ||
| Q4 24 | 22.5% | 8.5% | ||
| Q3 24 | 21.4% | 8.5% | ||
| Q2 24 | 18.0% | — |
净利率CMSSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 13.5% | 7.7% | ||
| Q3 25 | 14.0% | 6.6% | ||
| Q2 25 | 11.2% | 5.0% | ||
| Q1 25 | 12.7% | 5.9% | ||
| Q4 24 | 14.0% | 5.2% | ||
| Q3 24 | 14.8% | 8.7% | ||
| Q2 24 | 12.6% | — |
每股收益（稀释后）CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | $0.94 | $0.83 | ||
| Q3 25 | $0.92 | $0.63 | ||
| Q2 25 | $0.66 | $0.48 | ||
| Q1 25 | $1.01 | $0.57 | ||
| Q4 24 | $0.88 | $0.54 | ||
| Q3 24 | $0.84 | $0.77 | ||
| Q2 24 | $0.65 | — |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | $6.9B |
| 总资产 | $39.9B | $12.0B |
| 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CMSSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | — | ||
| Q2 25 | $844.0M | — | ||
| Q1 25 | $465.0M | — | ||
| Q4 24 | $103.0M | — | ||
| Q3 24 | $412.0M | — | ||
| Q2 24 | $699.0M | — |
总债务CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CMSSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $9.1B | $6.8B | ||
| Q3 25 | $8.9B | $6.5B | ||
| Q2 25 | $8.4B | $6.3B | ||
| Q1 25 | $8.3B | $6.2B | ||
| Q4 24 | $8.2B | $5.8B | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.0B | — |
总资产CMSSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $39.9B | $12.2B | ||
| Q3 25 | $38.0B | $11.5B | ||
| Q2 25 | $37.7B | $11.2B | ||
| Q1 25 | $36.3B | $11.1B | ||
| Q4 24 | $35.9B | $11.1B | ||
| Q3 24 | $34.8B | — | ||
| Q2 24 | $34.4B | — |
负债/权益比CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| 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 | — | — |
| 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 | — | 2.3% |
| 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CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | $938.0M | ||
| Q3 25 | $343.0M | $13.0M | ||
| Q2 25 | $414.0M | $274.0M | ||
| Q1 25 | $1.0B | $-166.0M | ||
| Q4 24 | $403.0M | — | ||
| Q3 24 | $304.0M | — | ||
| Q2 24 | $707.0M | — |
自由现金流CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $842.0M | ||
| Q3 25 | $-635.0M | $-75.0M | ||
| Q2 25 | $-470.0M | $196.0M | ||
| Q1 25 | $112.0M | $-245.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-502.0M | — | ||
| Q2 24 | $26.0M | — |
自由现金流率CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | -32.2% | -2.0% | ||
| Q2 25 | -26.1% | 5.2% | ||
| Q1 25 | 4.7% | -6.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | -29.3% | — | ||
| Q2 24 | 1.6% | — |
资本支出强度CMSSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 49.5% | 2.3% | ||
| Q2 25 | 49.2% | 2.1% | ||
| Q1 25 | 37.0% | 2.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 47.1% | 2.8% | ||
| Q2 24 | 43.2% | — |
现金转化率CMSSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 2.87× | ||
| Q3 25 | 1.24× | 0.05× | ||
| Q2 25 | 2.06× | 1.46× | ||
| Q1 25 | 3.29× | -0.74× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 3.57× | — |
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% |
SFD
暂无分部数据
