vs
CMS Energy（CMS）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
CMS Energy的季度营收约是泰佩思琦的1.1倍（$2.1B vs $1.9B），泰佩思琦净利率更高（17.9% vs 13.5%，领先4.4%），泰佩思琦同比增速更快（21.0% vs 13.0%），过去两年泰佩思琦的营收复合增速更高（9.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
CMS vs TPR — 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
TPR
高出8.0%
13.0%
净利率更高
TPR
高出4.4%
13.5%
两年增速更快
TPR
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $289.0M | $343.8M |
| 毛利率 | — | 76.9% |
| 营业利润率 | 20.4% | 22.3% |
| 净利率 | 13.5% | 17.9% |
| 营收同比 | 13.0% | 21.0% |
| 净利润同比 | 9.1% | — |
| 每股收益（稀释后） | $0.94 | $1.65 |
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CMSTPR
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B |
净利润CMSTPR
| Q1 26 | — | $343.8M | ||
| Q4 25 | $289.0M | $561.3M | ||
| Q3 25 | $277.0M | $274.8M | ||
| Q2 25 | $201.0M | $-517.1M | ||
| Q1 25 | $304.0M | $203.3M | ||
| Q4 24 | $265.0M | $310.4M | ||
| Q3 24 | $253.0M | $186.6M | ||
| Q2 24 | $198.0M | $159.3M |
毛利率CMSTPR
| Q1 26 | — | 76.9% | ||
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% |
营业利润率CMSTPR
| Q1 26 | — | 22.3% | ||
| Q4 25 | 20.4% | 28.6% | ||
| Q3 25 | 24.4% | 19.3% | ||
| Q2 25 | 17.6% | -33.9% | ||
| Q1 25 | 20.6% | 16.0% | ||
| Q4 24 | 22.5% | 22.4% | ||
| Q3 24 | 21.4% | 16.7% | ||
| Q2 24 | 18.0% | 14.8% |
净利率CMSTPR
| Q1 26 | — | 17.9% | ||
| Q4 25 | 13.5% | 22.4% | ||
| Q3 25 | 14.0% | 16.1% | ||
| Q2 25 | 11.2% | -30.0% | ||
| Q1 25 | 12.7% | 12.8% | ||
| Q4 24 | 14.0% | 14.1% | ||
| Q3 24 | 14.8% | 12.4% | ||
| Q2 24 | 12.6% | 10.0% |
每股收益（稀释后）CMSTPR
| Q1 26 | — | $1.65 | ||
| Q4 25 | $0.94 | $2.68 | ||
| Q3 25 | $0.92 | $1.28 | ||
| Q2 25 | $0.66 | $-2.30 | ||
| Q1 25 | $1.01 | $0.95 | ||
| Q4 24 | $0.88 | $1.38 | ||
| Q3 24 | $0.84 | $0.79 | ||
| Q2 24 | $0.65 | $0.67 |
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 | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $9.1B | $682.4M |
| 总资产 | $39.9B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 3.48× |
8季度趋势，按日历期对齐
现金及短期投资CMSTPR
| Q1 26 | — | $1.1B | ||
| Q4 25 | $509.0M | $1.1B | ||
| Q3 25 | $362.0M | $743.2M | ||
| Q2 25 | $844.0M | $1.1B | ||
| Q1 25 | $465.0M | $1.1B | ||
| Q4 24 | $103.0M | $1.0B | ||
| Q3 24 | $412.0M | $7.3B | ||
| Q2 24 | $699.0M | $7.2B |
总债务CMSTPR
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B |
股东权益CMSTPR
| Q1 26 | — | $682.4M | ||
| Q4 25 | $9.1B | $551.2M | ||
| Q3 25 | $8.9B | $399.5M | ||
| Q2 25 | $8.4B | $857.8M | ||
| Q1 25 | $8.3B | $1.5B | ||
| Q4 24 | $8.2B | $1.3B | ||
| Q3 24 | $8.1B | $3.0B | ||
| Q2 24 | $8.0B | $2.9B |
总资产CMSTPR
| Q1 26 | — | $6.5B | ||
| Q4 25 | $39.9B | $6.5B | ||
| Q3 25 | $38.0B | $6.4B | ||
| Q2 25 | $37.7B | $6.6B | ||
| Q1 25 | $36.3B | $7.3B | ||
| Q4 24 | $35.9B | $7.3B | ||
| Q3 24 | $34.8B | $13.7B | ||
| Q2 24 | $34.4B | $13.4B |
负债/权益比CMSTPR
| Q1 26 | — | 3.48× | ||
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× |
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CMSTPR
| Q1 26 | — | — | ||
| Q4 25 | $478.0M | $1.1B | ||
| Q3 25 | $343.0M | $112.6M | ||
| Q2 25 | $414.0M | $446.8M | ||
| Q1 25 | $1.0B | $144.3M | ||
| Q4 24 | $403.0M | $506.0M | ||
| Q3 24 | $304.0M | $119.5M | ||
| Q2 24 | $707.0M | $256.0M |
自由现金流CMSTPR
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $-635.0M | $80.2M | ||
| Q2 25 | $-470.0M | $411.5M | ||
| Q1 25 | $112.0M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | $-502.0M | $93.9M | ||
| Q2 24 | $26.0M | $209.8M |
自由现金流率CMSTPR
| Q1 26 | — | — | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | -32.2% | 4.7% | ||
| Q2 25 | -26.1% | 23.9% | ||
| Q1 25 | 4.7% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | -29.3% | 6.2% | ||
| Q2 24 | 1.6% | 13.2% |
资本支出强度CMSTPR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | 49.5% | 1.9% | ||
| Q2 25 | 49.2% | 2.0% | ||
| Q1 25 | 37.0% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 47.1% | 1.7% | ||
| Q2 24 | 43.2% | 2.9% |
现金转化率CMSTPR
| Q1 26 | — | — | ||
| Q4 25 | 1.65× | 1.93× | ||
| Q3 25 | 1.24× | 0.41× | ||
| Q2 25 | 2.06× | — | ||
| Q1 25 | 3.29× | 0.71× | ||
| Q4 24 | 1.52× | 1.63× | ||
| Q3 24 | 1.20× | 0.64× | ||
| Q2 24 | 3.57× | 1.61× |
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% |
TPR
暂无分部数据
