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CMS Energy（CMS）与实耐宝（SNA）财务数据对比。点击上方公司名可切换其他公司
CMS Energy的季度营收约是实耐宝的1.7倍（$2.1B vs $1.2B），实耐宝净利率更高（21.3% vs 13.5%，领先7.8%），CMS Energy同比增速更快（13.0% vs 2.7%），过去两年实耐宝的营收复合增速更高（2.0% 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。
实耐宝（Snap-on）是美国高端专业工具及设备的设计、制造与销售企业，产品广泛应用于汽车、重型装备、船舶、航空、铁路等交通运输行业的专业场景，1930年起总部设于威斯康星州基诺沙，旗下另设Blue-Point品牌主打平价工具线，核心竞争对手包含Matco、Mac Tools、Cornwell Tools等。
CMS vs SNA — 直观对比
营收规模更大
CMS
是对方的1.7倍
$1.2B
营收增速更快
CMS
高出10.3%
2.7%
净利率更高
SNA
高出7.8%
13.5%
两年增速更快
SNA
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $289.0M | $260.7M |
| 毛利率 | — | — |
| 营业利润率 | 20.4% | 27.8% |
| 净利率 | 13.5% | 21.3% |
| 营收同比 | 13.0% | 2.7% |
| 净利润同比 | 9.1% | 1.0% |
| 每股收益（稀释后） | $0.94 | $4.94 |
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CMSSNA
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
净利润CMSSNA
| Q4 25 | $289.0M | $260.7M | ||
| Q3 25 | $277.0M | $265.4M | ||
| Q2 25 | $201.0M | $250.3M | ||
| Q1 25 | $304.0M | $240.5M | ||
| Q4 24 | $265.0M | $258.1M | ||
| Q3 24 | $253.0M | $251.1M | ||
| Q2 24 | $198.0M | $271.2M | ||
| Q1 24 | $287.0M | $263.5M |
营业利润率CMSSNA
| Q4 25 | 20.4% | 27.8% | ||
| Q3 25 | 24.4% | 29.4% | ||
| Q2 25 | 17.6% | 28.0% | ||
| Q1 25 | 20.6% | 27.7% | ||
| Q4 24 | 22.5% | 27.9% | ||
| Q3 24 | 21.4% | 28.4% | ||
| Q2 24 | 18.0% | 29.9% | ||
| Q1 24 | 19.2% | 28.9% |
净利率CMSSNA
| Q4 25 | 13.5% | 21.3% | ||
| Q3 25 | 14.0% | 22.5% | ||
| Q2 25 | 11.2% | 21.4% | ||
| Q1 25 | 12.7% | 21.2% | ||
| Q4 24 | 14.0% | 21.7% | ||
| Q3 24 | 14.8% | 22.0% | ||
| Q2 24 | 12.6% | 23.1% | ||
| Q1 24 | 13.4% | 22.4% |
每股收益（稀释后）CMSSNA
| Q4 25 | $0.94 | $4.94 | ||
| Q3 25 | $0.92 | $5.02 | ||
| Q2 25 | $0.66 | $4.72 | ||
| Q1 25 | $1.01 | $4.51 | ||
| Q4 24 | $0.88 | $4.83 | ||
| Q3 24 | $0.84 | $4.70 | ||
| Q2 24 | $0.65 | $5.07 | ||
| Q1 24 | $0.96 | $4.91 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.1B | — |
| 总资产 | $39.9B | — |
| 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CMSSNA
| Q4 25 | $509.0M | — | ||
| Q3 25 | $362.0M | $1.5B | ||
| Q2 25 | $844.0M | $1.5B | ||
| Q1 25 | $465.0M | $1.4B | ||
| Q4 24 | $103.0M | $1.4B | ||
| Q3 24 | $412.0M | $1.3B | ||
| Q2 24 | $699.0M | $1.2B | ||
| Q1 24 | $802.0M | $1.1B |
总债务CMSSNA
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMSSNA
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | $5.8B | ||
| Q2 25 | $8.4B | $5.7B | ||
| Q1 25 | $8.3B | $5.5B | ||
| Q4 24 | $8.2B | $5.4B | ||
| Q3 24 | $8.1B | $5.5B | ||
| Q2 24 | $8.0B | $5.3B | ||
| Q1 24 | $7.9B | $5.1B |
总资产CMSSNA
| Q4 25 | $39.9B | — | ||
| Q3 25 | $38.0B | $8.4B | ||
| Q2 25 | $37.7B | $8.2B | ||
| Q1 25 | $36.3B | $8.1B | ||
| Q4 24 | $35.9B | $7.9B | ||
| Q3 24 | $34.8B | $8.0B | ||
| Q2 24 | $34.4B | $7.8B | ||
| Q1 24 | $33.9B | $7.7B |
负债/权益比CMSSNA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $268.1M |
| 自由现金流经营现金流 - 资本支出 | — | $254.6M |
| 自由现金流率自由现金流/营收 | — | 20.8% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.03× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流CMSSNA
| Q4 25 | $478.0M | $268.1M | ||
| Q3 25 | $343.0M | $277.9M | ||
| Q2 25 | $414.0M | $237.2M | ||
| Q1 25 | $1.0B | $298.5M | ||
| Q4 24 | $403.0M | $293.5M | ||
| Q3 24 | $304.0M | $274.2M | ||
| Q2 24 | $707.0M | $301.1M | ||
| Q1 24 | $956.0M | $348.7M |
自由现金流CMSSNA
| Q4 25 | — | $254.6M | ||
| Q3 25 | $-635.0M | $258.0M | ||
| Q2 25 | $-470.0M | $217.5M | ||
| Q1 25 | $112.0M | $275.6M | ||
| Q4 24 | — | $275.4M | ||
| Q3 24 | $-502.0M | $253.8M | ||
| Q2 24 | $26.0M | $277.9M | ||
| Q1 24 | $343.0M | $326.9M |
自由现金流率CMSSNA
| Q4 25 | — | 20.8% | ||
| Q3 25 | -32.2% | 21.8% | ||
| Q2 25 | -26.1% | 18.6% | ||
| Q1 25 | 4.7% | 24.3% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | -29.3% | 22.3% | ||
| Q2 24 | 1.6% | 23.7% | ||
| Q1 24 | 16.0% | 27.8% |
资本支出强度CMSSNA
| Q4 25 | — | 1.1% | ||
| Q3 25 | 49.5% | 1.7% | ||
| Q2 25 | 49.2% | 1.7% | ||
| Q1 25 | 37.0% | 2.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 47.1% | 1.8% | ||
| Q2 24 | 43.2% | 2.0% | ||
| Q1 24 | 28.6% | 1.9% |
现金转化率CMSSNA
| Q4 25 | 1.65× | 1.03× | ||
| Q3 25 | 1.24× | 1.05× | ||
| Q2 25 | 2.06× | 0.95× | ||
| Q1 25 | 3.29× | 1.24× | ||
| Q4 24 | 1.52× | 1.14× | ||
| Q3 24 | 1.20× | 1.09× | ||
| Q2 24 | 3.57× | 1.11× | ||
| Q1 24 | 3.33× | 1.32× |
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% |
SNA
暂无分部数据
