vs
Ameren（AEE）与加拿大国家铁路（CP）财务数据对比。点击上方公司名可切换其他公司
加拿大国家铁路的季度营收约是Ameren的1.6倍（$2.8B vs $1.8B），加拿大国家铁路净利率更高（27.7% vs 14.2%，领先13.5%），加拿大国家铁路同比增速更快（1.3% vs -8.2%），加拿大国家铁路自由现金流更多（$537.3M vs $-54.0M），过去两年加拿大国家铁路的营收复合增速更高（5.6% 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。
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
AEE vs CP — 直观对比
营收规模更大
CP
是对方的1.6倍
$1.8B
营收增速更快
CP
高出9.5%
-8.2%
净利率更高
CP
高出13.5%
14.2%
自由现金流更多
CP
多$591.3M
$-54.0M
两年增速更快
CP
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.8B |
| 净利润 | $253.0M | $786.2M |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | 41.4% |
| 净利率 | 14.2% | 27.7% |
| 营收同比 | -8.2% | 1.3% |
| 净利润同比 | 21.6% | -10.3% |
| 每股收益（稀释后） | $0.92 | — |
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AEECP
| Q4 25 | $1.8B | $2.8B | ||
| Q3 25 | $2.7B | $2.7B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $1.7B | $2.6B | ||
| Q1 24 | $1.8B | $2.5B |
净利润AEECP
| Q4 25 | $253.0M | $786.2M | ||
| Q3 25 | $641.0M | $671.6M | ||
| Q2 25 | $277.0M | $900.8M | ||
| Q1 25 | $290.0M | $664.3M | ||
| Q4 24 | $208.0M | $876.7M | ||
| Q3 24 | $457.0M | $611.0M | ||
| Q2 24 | $260.0M | $660.6M | ||
| Q1 24 | $262.0M | $565.8M |
营业利润率AEECP
| Q4 25 | 20.2% | 41.4% | ||
| Q3 25 | 30.6% | 36.8% | ||
| Q2 25 | 18.5% | 36.6% | ||
| Q1 25 | 20.5% | 35.0% | ||
| Q4 24 | 10.2% | 40.6% | ||
| Q3 24 | 27.0% | 34.3% | ||
| Q2 24 | 21.3% | 35.4% | ||
| Q1 24 | 20.4% | 32.9% |
净利率AEECP
| Q4 25 | 14.2% | 27.7% | ||
| Q3 25 | 23.7% | 25.3% | ||
| Q2 25 | 12.5% | 33.6% | ||
| Q1 25 | 13.8% | 24.2% | ||
| Q4 24 | 10.7% | 31.2% | ||
| Q3 24 | 21.0% | 23.9% | ||
| Q2 24 | 15.4% | 25.3% | ||
| Q1 24 | 14.4% | 22.2% |
每股收益（稀释后）AEECP
| Q4 25 | $0.92 | — | ||
| Q3 25 | $2.35 | — | ||
| Q2 25 | $1.01 | — | ||
| Q1 25 | $1.07 | — | ||
| Q4 24 | $0.77 | — | ||
| Q3 24 | $1.70 | — | ||
| Q2 24 | $0.97 | — | ||
| Q1 24 | $0.98 | — |
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 | $134.3M |
| 总债务越低越好 | $19.4B | $14.6B |
| 股东权益账面价值 | $13.4B | $33.5B |
| 总资产 | $48.5B | $62.7B |
| 负债/权益比越低杠杆越低 | 1.45× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资AEECP
| Q4 25 | $13.0M | $134.3M | ||
| Q3 25 | $9.0M | $300.0M | ||
| Q2 25 | $11.0M | $583.3M | ||
| Q1 25 | $23.0M | $507.4M | ||
| Q4 24 | $7.0M | $539.5M | ||
| Q3 24 | $17.0M | $338.0M | ||
| Q2 24 | $19.0M | $406.6M | ||
| Q1 24 | $85.0M | $378.9M |
总债务AEECP
| Q4 25 | $19.4B | $14.6B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | $17.8B | $14.5B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.8B | ||
| Q1 24 | — | $13.7B |
股东权益AEECP
| Q4 25 | $13.4B | $33.5B | ||
| Q3 25 | $12.8B | $33.4B | ||
| Q2 25 | $12.3B | $33.7B | ||
| Q1 25 | $12.2B | $35.2B | ||
| Q4 24 | $12.1B | $35.0B | ||
| Q3 24 | $11.8B | $32.2B | ||
| Q2 24 | $11.5B | $32.0B | ||
| Q1 24 | $11.4B | $31.3B |
总资产AEECP
| Q4 25 | $48.5B | $62.7B | ||
| Q3 25 | $47.4B | $63.3B | ||
| Q2 25 | $46.6B | $62.2B | ||
| Q1 25 | $45.7B | $64.3B | ||
| Q4 24 | $44.6B | $64.1B | ||
| Q3 24 | $43.3B | $60.0B | ||
| Q2 24 | $42.3B | $60.4B | ||
| Q1 24 | $41.3B | $59.6B |
负债/权益比AEECP
| Q4 25 | 1.45× | 0.43× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | 1.47× | 0.41× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $537.3M |
| 自由现金流率自由现金流/营收 | -3.0% | 18.9% |
| 资本支出强度资本支出/营收 | 56.7% | 20.2% |
| 现金转化率经营现金流/净利润 | 3.78× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流AEECP
| Q4 25 | $956.0M | $1.1B | ||
| Q3 25 | $1.1B | $930.0M | ||
| Q2 25 | $862.0M | $989.1M | ||
| Q1 25 | $431.0M | $843.9M | ||
| Q4 24 | $817.0M | $1.2B | ||
| Q3 24 | $897.0M | $928.6M | ||
| Q2 24 | $557.0M | $932.9M | ||
| Q1 24 | $492.0M | $741.0M |
自由现金流AEECP
| Q4 25 | $-54.0M | $537.3M | ||
| Q3 25 | $116.0M | $302.2M | ||
| Q2 25 | $-204.0M | $446.8M | ||
| Q1 25 | $-633.0M | $324.9M | ||
| Q4 24 | $-473.0M | $702.3M | ||
| Q3 24 | $-240.0M | $382.5M | ||
| Q2 24 | $-445.0M | $343.1M | ||
| Q1 24 | $-398.0M | $356.2M |
自由现金流率AEECP
| Q4 25 | -3.0% | 18.9% | ||
| Q3 25 | 4.3% | 11.4% | ||
| Q2 25 | -9.2% | 16.7% | ||
| Q1 25 | -30.2% | 11.8% | ||
| Q4 24 | -24.4% | 25.0% | ||
| Q3 24 | -11.0% | 15.0% | ||
| Q2 24 | -26.3% | 13.1% | ||
| Q1 24 | -21.9% | 14.0% |
资本支出强度AEECP
| Q4 25 | 56.7% | 20.2% | ||
| Q3 25 | 36.6% | 23.7% | ||
| Q2 25 | 48.0% | 20.2% | ||
| Q1 25 | 50.7% | 18.9% | ||
| Q4 24 | 66.5% | 19.3% | ||
| Q3 24 | 52.3% | 21.4% | ||
| Q2 24 | 59.2% | 22.6% | ||
| Q1 24 | 49.0% | 15.1% |
现金转化率AEECP
| Q4 25 | 3.78× | 1.42× | ||
| Q3 25 | 1.72× | 1.38× | ||
| Q2 25 | 3.11× | 1.10× | ||
| Q1 25 | 1.49× | 1.27× | ||
| Q4 24 | 3.93× | 1.42× | ||
| Q3 24 | 1.96× | 1.52× | ||
| Q2 24 | 2.14× | 1.41× | ||
| Q1 24 | 1.88× | 1.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
