vs
Ameren（AEE）与Coinbase（COIN）财务数据对比。点击上方公司名可切换其他公司
Ameren的季度营收约是Coinbase的1.0倍（$1.8B vs $1.8B），Ameren净利率更高（14.2% vs -37.4%，领先51.6%），Ameren同比增速更快（-8.2% vs -21.6%），过去两年Coinbase的营收复合增速更高（4.3% vs -0.9%）
Ameren Corporation是美国公共事业控股企业，下设Ameren密苏里、伊利诺伊州配电、伊利诺伊州天然气、输电四大业务板块，主营受费率监管的发电、输电、配电业务，以及受监管的天然气输配业务，电力生产主要采用煤炭、核电等能源。
Coinbase是美国知名加密货币交易所，2012年由布莱恩·阿姆斯特朗与弗雷德·埃尔萨姆联合创立。截至2024年，平台拥有超1亿用户，业务覆盖100多个国家，是美国最大加密货币交易所、全球最大比特币托管机构，托管总资产近5160亿美元，持有约12%的流通比特币及11%的质押以太币。
AEE vs COIN — 直观对比
营收规模更大
AEE
是对方的1.0倍
$1.8B
营收增速更快
AEE
高出13.4%
-21.6%
净利率更高
AEE
高出51.6%
-37.4%
两年增速更快
COIN
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.8B |
| 净利润 | $253.0M | $-666.7M |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | 15.4% |
| 净利率 | 14.2% | -37.4% |
| 营收同比 | -8.2% | -21.6% |
| 净利润同比 | 21.6% | -151.6% |
| 每股收益（稀释后） | $0.92 | $-2.43 |
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AEECOIN
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.8B | $1.6B |
净利润AEECOIN
| Q4 25 | $253.0M | $-666.7M | ||
| Q3 25 | $641.0M | $432.6M | ||
| Q2 25 | $277.0M | $1.4B | ||
| Q1 25 | $290.0M | $65.6M | ||
| Q4 24 | $208.0M | $1.3B | ||
| Q3 24 | $457.0M | $75.5M | ||
| Q2 24 | $260.0M | $36.1M | ||
| Q1 24 | $262.0M | $1.2B |
营业利润率AEECOIN
| Q4 25 | 20.2% | 15.4% | ||
| Q3 25 | 30.6% | 25.7% | ||
| Q2 25 | 18.5% | -1.6% | ||
| Q1 25 | 20.5% | 34.7% | ||
| Q4 24 | 10.2% | 45.5% | ||
| Q3 24 | 27.0% | 14.1% | ||
| Q2 24 | 21.3% | 23.7% | ||
| Q1 24 | 20.4% | 46.4% |
净利率AEECOIN
| Q4 25 | 14.2% | -37.4% | ||
| Q3 25 | 23.7% | 23.1% | ||
| Q2 25 | 12.5% | 95.4% | ||
| Q1 25 | 13.8% | 3.2% | ||
| Q4 24 | 10.7% | 56.8% | ||
| Q3 24 | 21.0% | 6.3% | ||
| Q2 24 | 15.4% | 2.5% | ||
| Q1 24 | 14.4% | 71.8% |
每股收益（稀释后）AEECOIN
| Q4 25 | $0.92 | $-2.43 | ||
| Q3 25 | $2.35 | $1.50 | ||
| Q2 25 | $1.01 | $5.14 | ||
| Q1 25 | $1.07 | $0.24 | ||
| Q4 24 | $0.77 | $4.66 | ||
| Q3 24 | $1.70 | $0.28 | ||
| Q2 24 | $0.97 | $0.14 | ||
| Q1 24 | $0.98 | $4.40 |
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 | $13.0M | $11.6B |
| 总债务越低越好 | $19.4B | $7.2B |
| 股东权益账面价值 | $13.4B | $14.8B |
| 总资产 | $48.5B | $29.7B |
| 负债/权益比越低杠杆越低 | 1.45× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资AEECOIN
| Q4 25 | $13.0M | $11.6B | ||
| Q3 25 | $9.0M | $9.8B | ||
| Q2 25 | $11.0M | $7.5B | ||
| Q1 25 | $23.0M | $8.1B | ||
| Q4 24 | $7.0M | $8.5B | ||
| Q3 24 | $17.0M | $7.7B | ||
| Q2 24 | $19.0M | $7.2B | ||
| Q1 24 | $85.0M | $6.7B |
总债务AEECOIN
| Q4 25 | $19.4B | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $17.8B | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.2B |
股东权益AEECOIN
| Q4 25 | $13.4B | $14.8B | ||
| Q3 25 | $12.8B | $16.0B | ||
| Q2 25 | $12.3B | $12.1B | ||
| Q1 25 | $12.2B | $10.5B | ||
| Q4 24 | $12.1B | $10.3B | ||
| Q3 24 | $11.8B | $8.7B | ||
| Q2 24 | $11.5B | $8.4B | ||
| Q1 24 | $11.4B | $8.1B |
总资产AEECOIN
| Q4 25 | $48.5B | $29.7B | ||
| Q3 25 | $47.4B | $31.4B | ||
| Q2 25 | $46.6B | $23.5B | ||
| Q1 25 | $45.7B | $21.7B | ||
| Q4 24 | $44.6B | $22.5B | ||
| Q3 24 | $43.3B | $290.6B | ||
| Q2 24 | $42.3B | $287.0B | ||
| Q1 24 | $41.3B | $348.0B |
负债/权益比AEECOIN
| Q4 25 | 1.45× | 0.49× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | 1.47× | 0.41× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.52× |
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 | $956.0M | $3.1B |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | — |
| 自由现金流率自由现金流/营收 | -3.0% | — |
| 资本支出强度资本支出/营收 | 56.7% | — |
| 现金转化率经营现金流/净利润 | 3.78× | — |
| 过去12个月自由现金流最近4个季度 | $-775.0M | — |
8季度趋势，按日历期对齐
经营现金流AEECOIN
| Q4 25 | $956.0M | $3.1B | ||
| Q3 25 | $1.1B | $-784.5M | ||
| Q2 25 | $862.0M | $328.5M | ||
| Q1 25 | $431.0M | $-182.7M | ||
| Q4 24 | $817.0M | $964.6M | ||
| Q3 24 | $897.0M | $696.5M | ||
| Q2 24 | $557.0M | $484.2M | ||
| Q1 24 | $492.0M | $411.5M |
自由现金流AEECOIN
| Q4 25 | $-54.0M | — | ||
| Q3 25 | $116.0M | — | ||
| Q2 25 | $-204.0M | — | ||
| Q1 25 | $-633.0M | — | ||
| Q4 24 | $-473.0M | — | ||
| Q3 24 | $-240.0M | — | ||
| Q2 24 | $-445.0M | — | ||
| Q1 24 | $-398.0M | — |
自由现金流率AEECOIN
| Q4 25 | -3.0% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | -9.2% | — | ||
| Q1 25 | -30.2% | — | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -26.3% | — | ||
| Q1 24 | -21.9% | — |
资本支出强度AEECOIN
| Q4 25 | 56.7% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 48.0% | — | ||
| Q1 25 | 50.7% | — | ||
| Q4 24 | 66.5% | — | ||
| Q3 24 | 52.3% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 49.0% | — |
现金转化率AEECOIN
| Q4 25 | 3.78× | — | ||
| Q3 25 | 1.72× | -1.81× | ||
| Q2 25 | 3.11× | 0.23× | ||
| Q1 25 | 1.49× | -2.79× | ||
| Q4 24 | 3.93× | 0.75× | ||
| Q3 24 | 1.96× | 9.23× | ||
| Q2 24 | 2.14× | 13.39× | ||
| Q1 24 | 1.88× | 0.35× |
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
AEE
暂无分部数据
COIN
| Bank Servicing Consumer Net | $733.9M | 41% |
| Subscription And Circulation | $727.4M | 41% |
| Bank Servicing Institutional | $185.0M | 10% |
| Other Revenue | $71.1M | 4% |
| Bank Servicing Other | $63.8M | 4% |
| Related Party | $1.3M | 0% |
