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Ameren（AEE）与DARLING INGREDIENTS INC.（DAR）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DARLING INGREDIENTS INC.的1.1倍（$1.8B vs $1.6B），Ameren净利率更高（14.2% vs 1.2%，领先13.0%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs -8.2%），过去两年Ameren的营收复合增速更高（-0.9% vs -1.6%）
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。
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
AEE vs DAR — 直观对比
营收规模更大
AEE
是对方的1.1倍
$1.6B
营收增速更快
DAR
高出18.2%
-8.2%
净利率更高
AEE
高出13.0%
1.2%
两年增速更快
AEE
近两年复合增速
-1.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.6B |
| 净利润 | $253.0M | $19.4M |
| 毛利率 | — | 24.7% |
| 营业利润率 | 20.2% | 4.6% |
| 净利率 | 14.2% | 1.2% |
| 营收同比 | -8.2% | 10.0% |
| 净利润同比 | 21.6% | 14.2% |
| 每股收益（稀释后） | $0.92 | $0.12 |
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AEEDAR
| Q4 25 | $1.8B | — | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $1.7B | $1.5B | ||
| Q1 24 | $1.8B | $1.4B |
净利润AEEDAR
| Q4 25 | $253.0M | — | ||
| Q3 25 | $641.0M | $19.4M | ||
| Q2 25 | $277.0M | $12.7M | ||
| Q1 25 | $290.0M | $-26.2M | ||
| Q4 24 | $208.0M | $101.9M | ||
| Q3 24 | $457.0M | $16.9M | ||
| Q2 24 | $260.0M | $78.9M | ||
| Q1 24 | $262.0M | $81.2M |
毛利率AEEDAR
| Q4 25 | — | — | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 21.4% |
营业利润率AEEDAR
| Q4 25 | 20.2% | — | ||
| Q3 25 | 30.6% | 4.6% | ||
| Q2 25 | 18.5% | 5.1% | ||
| Q1 25 | 20.5% | 2.1% | ||
| Q4 24 | 10.2% | 8.6% | ||
| Q3 24 | 27.0% | 4.2% | ||
| Q2 24 | 21.3% | 10.2% | ||
| Q1 24 | 20.4% | 9.7% |
净利率AEEDAR
| Q4 25 | 14.2% | — | ||
| Q3 25 | 23.7% | 1.2% | ||
| Q2 25 | 12.5% | 0.9% | ||
| Q1 25 | 13.8% | -1.9% | ||
| Q4 24 | 10.7% | 7.2% | ||
| Q3 24 | 21.0% | 1.2% | ||
| Q2 24 | 15.4% | 5.4% | ||
| Q1 24 | 14.4% | 5.7% |
每股收益（稀释后）AEEDAR
| Q4 25 | $0.92 | — | ||
| Q3 25 | $2.35 | $0.12 | ||
| Q2 25 | $1.01 | $0.08 | ||
| Q1 25 | $1.07 | $-0.16 | ||
| Q4 24 | $0.77 | $0.63 | ||
| Q3 24 | $1.70 | $0.11 | ||
| Q2 24 | $0.97 | $0.49 | ||
| Q1 24 | $0.98 | $0.50 |
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 | $91.5M |
| 总债务越低越好 | $19.4B | $4.0B |
| 股东权益账面价值 | $13.4B | $4.7B |
| 总资产 | $48.5B | $10.5B |
| 负债/权益比越低杠杆越低 | 1.45× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资AEEDAR
| Q4 25 | $13.0M | — | ||
| Q3 25 | $9.0M | $91.5M | ||
| Q2 25 | $11.0M | $94.6M | ||
| Q1 25 | $23.0M | $81.5M | ||
| Q4 24 | $7.0M | $76.0M | ||
| Q3 24 | $17.0M | $114.8M | ||
| Q2 24 | $19.0M | $121.6M | ||
| Q1 24 | $85.0M | $145.5M |
总债务AEEDAR
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $17.8B | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.4B |
股东权益AEEDAR
| Q4 25 | $13.4B | — | ||
| Q3 25 | $12.8B | $4.7B | ||
| Q2 25 | $12.3B | $4.6B | ||
| Q1 25 | $12.2B | $4.4B | ||
| Q4 24 | $12.1B | $4.4B | ||
| Q3 24 | $11.8B | $4.6B | ||
| Q2 24 | $11.5B | $4.5B | ||
| Q1 24 | $11.4B | $4.6B |
总资产AEEDAR
| Q4 25 | $48.5B | — | ||
| Q3 25 | $47.4B | $10.5B | ||
| Q2 25 | $46.6B | $10.3B | ||
| Q1 25 | $45.7B | $10.0B | ||
| Q4 24 | $44.6B | $10.1B | ||
| Q3 24 | $43.3B | $10.6B | ||
| Q2 24 | $42.3B | $10.6B | ||
| Q1 24 | $41.3B | $10.9B |
负债/权益比AEEDAR
| Q4 25 | 1.45× | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 1.47× | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.95× |
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 | $224.3M |
| 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× | 11.59× |
| 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AEEDAR
| Q4 25 | $956.0M | — | ||
| Q3 25 | $1.1B | $224.3M | ||
| Q2 25 | $862.0M | $145.8M | ||
| Q1 25 | $431.0M | $249.0M | ||
| Q4 24 | $817.0M | $154.4M | ||
| Q3 24 | $897.0M | $274.5M | ||
| Q2 24 | $557.0M | $146.5M | ||
| Q1 24 | $492.0M | $263.9M |
自由现金流AEEDAR
| 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AEEDAR
| 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AEEDAR
| 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AEEDAR
| Q4 25 | 3.78× | — | ||
| Q3 25 | 1.72× | 11.59× | ||
| Q2 25 | 3.11× | 11.52× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 3.93× | 1.52× | ||
| Q3 24 | 1.96× | 16.19× | ||
| Q2 24 | 2.14× | 1.86× | ||
| Q1 24 | 1.88× | 3.25× |
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
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
