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Ameren（AEE）与飞塔（FTNT）财务数据对比。点击上方公司名可切换其他公司
飞塔的季度营收约是Ameren的1.1倍（$1.9B vs $1.8B），飞塔净利率更高（26.6% vs 14.2%，领先12.4%），飞塔同比增速更快（14.8% vs -8.2%），飞塔自由现金流更多（$577.4M vs $-54.0M），过去两年飞塔的营收复合增速更高（18.6% 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。
飞塔（Fortinet）是总部位于美国加利福尼亚州森尼韦尔的网络安全企业，专注于研发与销售防火墙、终端安全、入侵检测系统等各类网络安全产品，目前在美国、加拿大、英国等多个国家设有办事机构。
AEE vs FTNT — 直观对比
营收规模更大
FTNT
是对方的1.1倍
$1.8B
营收增速更快
FTNT
高出22.9%
-8.2%
净利率更高
FTNT
高出12.4%
14.2%
自由现金流更多
FTNT
多$631.4M
$-54.0M
两年增速更快
FTNT
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.9B |
| 净利润 | $253.0M | $506.0M |
| 毛利率 | — | 79.6% |
| 营业利润率 | 20.2% | 32.8% |
| 净利率 | 14.2% | 26.6% |
| 营收同比 | -8.2% | 14.8% |
| 净利润同比 | 21.6% | -3.8% |
| 每股收益（稀释后） | $0.92 | $0.67 |
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AEEFTNT
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.8B | $1.4B |
净利润AEEFTNT
| Q4 25 | $253.0M | $506.0M | ||
| Q3 25 | $641.0M | $473.9M | ||
| Q2 25 | $277.0M | $440.1M | ||
| Q1 25 | $290.0M | $433.4M | ||
| Q4 24 | $208.0M | $526.2M | ||
| Q3 24 | $457.0M | $539.9M | ||
| Q2 24 | $260.0M | $379.8M | ||
| Q1 24 | $262.0M | $299.3M |
毛利率AEEFTNT
| Q4 25 | — | 79.6% | ||
| Q3 25 | — | 80.8% | ||
| Q2 25 | — | 80.7% | ||
| Q1 25 | — | 81.0% | ||
| Q4 24 | — | 81.1% | ||
| Q3 24 | — | 82.5% | ||
| Q2 24 | — | 80.8% | ||
| Q1 24 | — | 77.5% |
营业利润率AEEFTNT
| Q4 25 | 20.2% | 32.8% | ||
| Q3 25 | 30.6% | 31.7% | ||
| Q2 25 | 18.5% | 28.1% | ||
| Q1 25 | 20.5% | 29.5% | ||
| Q4 24 | 10.2% | 34.6% | ||
| Q3 24 | 27.0% | 31.2% | ||
| Q2 24 | 21.3% | 30.5% | ||
| Q1 24 | 20.4% | 23.7% |
净利率AEEFTNT
| Q4 25 | 14.2% | 26.6% | ||
| Q3 25 | 23.7% | 27.5% | ||
| Q2 25 | 12.5% | 27.0% | ||
| Q1 25 | 13.8% | 28.1% | ||
| Q4 24 | 10.7% | 31.7% | ||
| Q3 24 | 21.0% | 35.8% | ||
| Q2 24 | 15.4% | 26.5% | ||
| Q1 24 | 14.4% | 22.1% |
每股收益（稀释后）AEEFTNT
| Q4 25 | $0.92 | $0.67 | ||
| Q3 25 | $2.35 | $0.62 | ||
| Q2 25 | $1.01 | $0.57 | ||
| Q1 25 | $1.07 | $0.56 | ||
| Q4 24 | $0.77 | $0.68 | ||
| Q3 24 | $1.70 | $0.70 | ||
| Q2 24 | $0.97 | $0.49 | ||
| Q1 24 | $0.98 | $0.39 |
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 | $2.5B |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | $1.2B |
| 总资产 | $48.5B | $10.4B |
| 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AEEFTNT
| Q4 25 | $13.0M | $2.5B | ||
| Q3 25 | $9.0M | $2.0B | ||
| Q2 25 | $11.0M | $3.4B | ||
| Q1 25 | $23.0M | $3.6B | ||
| Q4 24 | $7.0M | $2.9B | ||
| Q3 24 | $17.0M | $2.5B | ||
| Q2 24 | $19.0M | $2.2B | ||
| Q1 24 | $85.0M | $1.9B |
总债务AEEFTNT
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AEEFTNT
| Q4 25 | $13.4B | $1.2B | ||
| Q3 25 | $12.8B | $735.1M | ||
| Q2 25 | $12.3B | $2.1B | ||
| Q1 25 | $12.2B | $2.0B | ||
| Q4 24 | $12.1B | $1.5B | ||
| Q3 24 | $11.8B | $908.1M | ||
| Q2 24 | $11.5B | $288.2M | ||
| Q1 24 | $11.4B | $-137.5M |
总资产AEEFTNT
| Q4 25 | $48.5B | $10.4B | ||
| Q3 25 | $47.4B | $9.4B | ||
| Q2 25 | $46.6B | $10.6B | ||
| Q1 25 | $45.7B | $10.4B | ||
| Q4 24 | $44.6B | $9.8B | ||
| Q3 24 | $43.3B | $8.9B | ||
| Q2 24 | $42.3B | $8.1B | ||
| Q1 24 | $41.3B | $7.7B |
负债/权益比AEEFTNT
| Q4 25 | 1.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $620.2M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $577.4M |
| 自由现金流率自由现金流/营收 | -3.0% | 30.3% |
| 资本支出强度资本支出/营收 | 56.7% | 2.2% |
| 现金转化率经营现金流/净利润 | 3.78× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $2.2B |
8季度趋势，按日历期对齐
经营现金流AEEFTNT
| Q4 25 | $956.0M | $620.2M | ||
| Q3 25 | $1.1B | $655.2M | ||
| Q2 25 | $862.0M | $451.9M | ||
| Q1 25 | $431.0M | $863.3M | ||
| Q4 24 | $817.0M | $477.6M | ||
| Q3 24 | $897.0M | $608.1M | ||
| Q2 24 | $557.0M | $342.0M | ||
| Q1 24 | $492.0M | $830.4M |
自由现金流AEEFTNT
| Q4 25 | $-54.0M | $577.4M | ||
| Q3 25 | $116.0M | $567.5M | ||
| Q2 25 | $-204.0M | $284.1M | ||
| Q1 25 | $-633.0M | $796.8M | ||
| Q4 24 | $-473.0M | $380.0M | ||
| Q3 24 | $-240.0M | $571.8M | ||
| Q2 24 | $-445.0M | $318.9M | ||
| Q1 24 | $-398.0M | $608.5M |
自由现金流率AEEFTNT
| Q4 25 | -3.0% | 30.3% | ||
| Q3 25 | 4.3% | 32.9% | ||
| Q2 25 | -9.2% | 17.4% | ||
| Q1 25 | -30.2% | 51.8% | ||
| Q4 24 | -24.4% | 22.9% | ||
| Q3 24 | -11.0% | 37.9% | ||
| Q2 24 | -26.3% | 22.2% | ||
| Q1 24 | -21.9% | 45.0% |
资本支出强度AEEFTNT
| Q4 25 | 56.7% | 2.2% | ||
| Q3 25 | 36.6% | 5.1% | ||
| Q2 25 | 48.0% | 10.3% | ||
| Q1 25 | 50.7% | 4.3% | ||
| Q4 24 | 66.5% | 5.9% | ||
| Q3 24 | 52.3% | 2.4% | ||
| Q2 24 | 59.2% | 1.6% | ||
| Q1 24 | 49.0% | 16.4% |
现金转化率AEEFTNT
| Q4 25 | 3.78× | 1.23× | ||
| Q3 25 | 1.72× | 1.38× | ||
| Q2 25 | 3.11× | 1.03× | ||
| Q1 25 | 1.49× | 1.99× | ||
| Q4 24 | 3.93× | 0.91× | ||
| Q3 24 | 1.96× | 1.13× | ||
| Q2 24 | 2.14× | 0.90× | ||
| Q1 24 | 1.88× | 2.77× |
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
FTNT
| Services | $1.2B | 64% |
| Security Subscription | $693.7M | 36% |
