vs
Ameren（AEE）与凯撒娱乐（CZR）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是Ameren的1.6倍（$2.9B vs $1.8B），Ameren净利率更高（14.2% vs -2.9%，领先17.1%），凯撒娱乐同比增速更快（2.7% vs -8.2%），过去两年凯撒娱乐的营收复合增速更高（0.7% 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。
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
AEE vs CZR — 直观对比
营收规模更大
CZR
是对方的1.6倍
$1.8B
营收增速更快
CZR
高出10.9%
-8.2%
净利率更高
AEE
高出17.1%
-2.9%
两年增速更快
CZR
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.9B |
| 净利润 | $253.0M | $-83.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | 17.4% |
| 净利率 | 14.2% | -2.9% |
| 营收同比 | -8.2% | 2.7% |
| 净利润同比 | 21.6% | 15.3% |
| 每股收益（稀释后） | $0.92 | $-0.48 |
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AEECZR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $2.2B | $2.9B | ||
| Q2 24 | $1.7B | $2.8B |
净利润AEECZR
| Q1 26 | — | $-83.0M | ||
| Q4 25 | $253.0M | $-250.0M | ||
| Q3 25 | $641.0M | $-55.0M | ||
| Q2 25 | $277.0M | $-82.0M | ||
| Q1 25 | $290.0M | $-115.0M | ||
| Q4 24 | $208.0M | $11.0M | ||
| Q3 24 | $457.0M | $-9.0M | ||
| Q2 24 | $260.0M | $-122.0M |
营业利润率AEECZR
| Q1 26 | — | 17.4% | ||
| Q4 25 | 20.2% | 11.4% | ||
| Q3 25 | 30.6% | 17.9% | ||
| Q2 25 | 18.5% | 18.1% | ||
| Q1 25 | 20.5% | 17.5% | ||
| Q4 24 | 10.2% | 23.9% | ||
| Q3 24 | 27.0% | 22.4% | ||
| Q2 24 | 21.3% | 17.9% |
净利率AEECZR
| Q1 26 | — | -2.9% | ||
| Q4 25 | 14.2% | -8.6% | ||
| Q3 25 | 23.7% | -1.9% | ||
| Q2 25 | 12.5% | -2.8% | ||
| Q1 25 | 13.8% | -4.1% | ||
| Q4 24 | 10.7% | 0.4% | ||
| Q3 24 | 21.0% | -0.3% | ||
| Q2 24 | 15.4% | -4.3% |
每股收益（稀释后）AEECZR
| Q1 26 | — | $-0.48 | ||
| Q4 25 | $0.92 | $-1.22 | ||
| Q3 25 | $2.35 | $-0.27 | ||
| Q2 25 | $1.01 | $-0.39 | ||
| Q1 25 | $1.07 | $-0.54 | ||
| Q4 24 | $0.77 | $0.04 | ||
| Q3 24 | $1.70 | $-0.04 | ||
| Q2 24 | $0.97 | $-0.56 |
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 | $867.0M |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | — |
| 总资产 | $48.5B | — |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
现金及短期投资AEECZR
| Q1 26 | — | $867.0M | ||
| Q4 25 | $13.0M | $887.0M | ||
| Q3 25 | $9.0M | $836.0M | ||
| Q2 25 | $11.0M | $982.0M | ||
| Q1 25 | $23.0M | $884.0M | ||
| Q4 24 | $7.0M | $866.0M | ||
| Q3 24 | $17.0M | $802.0M | ||
| Q2 24 | $19.0M | $830.0M |
总债务AEECZR
| Q1 26 | — | — | ||
| Q4 25 | $19.4B | $11.9B | ||
| Q3 25 | — | $11.9B | ||
| Q2 25 | — | $12.3B | ||
| Q1 25 | — | $12.3B | ||
| Q4 24 | $17.8B | $12.3B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.4B |
股东权益AEECZR
| Q1 26 | — | — | ||
| Q4 25 | $13.4B | $3.5B | ||
| Q3 25 | $12.8B | $3.8B | ||
| Q2 25 | $12.3B | $3.9B | ||
| Q1 25 | $12.2B | $4.1B | ||
| Q4 24 | $12.1B | $4.2B | ||
| Q3 24 | $11.8B | $4.2B | ||
| Q2 24 | $11.5B | $4.3B |
总资产AEECZR
| Q1 26 | — | — | ||
| Q4 25 | $48.5B | $31.6B | ||
| Q3 25 | $47.4B | $31.9B | ||
| Q2 25 | $46.6B | $32.5B | ||
| Q1 25 | $45.7B | $32.4B | ||
| Q4 24 | $44.6B | $32.6B | ||
| Q3 24 | $43.3B | $33.0B | ||
| Q2 24 | $42.3B | $33.1B |
负债/权益比AEECZR
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | 3.40× | ||
| Q3 25 | — | 3.15× | ||
| Q2 25 | — | 3.15× | ||
| Q1 25 | — | 3.04× | ||
| Q4 24 | 1.47× | 2.96× | ||
| Q3 24 | — | 3.04× | ||
| Q2 24 | — | 2.89× |
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 | — |
| 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AEECZR
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $304.0M | ||
| Q3 25 | $1.1B | $318.0M | ||
| Q2 25 | $862.0M | $462.0M | ||
| Q1 25 | $431.0M | $218.0M | ||
| Q4 24 | $817.0M | $309.0M | ||
| Q3 24 | $897.0M | $232.0M | ||
| Q2 24 | $557.0M | $454.0M |
自由现金流AEECZR
| Q1 26 | — | — | ||
| Q4 25 | $-54.0M | $147.0M | ||
| Q3 25 | $116.0M | $123.0M | ||
| Q2 25 | $-204.0M | $232.0M | ||
| Q1 25 | $-633.0M | $-5.0M | ||
| Q4 24 | $-473.0M | $30.0M | ||
| Q3 24 | $-240.0M | $-192.0M | ||
| Q2 24 | $-445.0M | $125.0M |
自由现金流率AEECZR
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | 5.0% | ||
| Q3 25 | 4.3% | 4.3% | ||
| Q2 25 | -9.2% | 8.0% | ||
| Q1 25 | -30.2% | -0.2% | ||
| Q4 24 | -24.4% | 1.1% | ||
| Q3 24 | -11.0% | -6.7% | ||
| Q2 24 | -26.3% | 4.4% |
资本支出强度AEECZR
| Q1 26 | — | — | ||
| Q4 25 | 56.7% | 5.4% | ||
| Q3 25 | 36.6% | 6.8% | ||
| Q2 25 | 48.0% | 7.9% | ||
| Q1 25 | 50.7% | 8.0% | ||
| Q4 24 | 66.5% | 10.0% | ||
| Q3 24 | 52.3% | 14.8% | ||
| Q2 24 | 59.2% | 11.6% |
现金转化率AEECZR
| Q1 26 | — | — | ||
| Q4 25 | 3.78× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 3.93× | 28.09× | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 2.14× | — |
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
CZR
| Casino | $1.7B | 58% |
| Hotel | $487.0M | 17% |
| Food and beverage | $424.0M | 15% |
| Other | $293.0M | 10% |
