vs
Ameren（AEE）与KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.9倍（$1.8B vs $929.0M），Ameren净利率更高（14.2% vs 3.0%，领先11.2%），KAISER ALUMINUM CORP同比增速更快（21.4% vs -8.2%），KAISER ALUMINUM CORP自由现金流更多（$-51.1M vs $-54.0M），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% 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。
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
AEE vs KALU — 直观对比
营收规模更大
AEE
是对方的1.9倍
$929.0M
营收增速更快
KALU
高出29.6%
-8.2%
净利率更高
AEE
高出11.2%
3.0%
自由现金流更多
KALU
多$2.9M
$-54.0M
两年增速更快
KALU
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $929.0M |
| 净利润 | $253.0M | $28.2M |
| 毛利率 | — | 13.3% |
| 营业利润率 | 20.2% | 6.5% |
| 净利率 | 14.2% | 3.0% |
| 营收同比 | -8.2% | 21.4% |
| 净利润同比 | 21.6% | 42.4% |
| 每股收益（稀释后） | $0.92 | $1.67 |
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AEEKALU
| Q4 25 | $1.8B | $929.0M | ||
| Q3 25 | $2.7B | $843.5M | ||
| Q2 25 | $2.2B | $823.1M | ||
| Q1 25 | $2.1B | $777.4M | ||
| Q4 24 | $1.9B | $765.4M | ||
| Q3 24 | $2.2B | $747.7M | ||
| Q2 24 | $1.7B | $773.4M | ||
| Q1 24 | $1.8B | $737.5M |
净利润AEEKALU
| Q4 25 | $253.0M | $28.2M | ||
| Q3 25 | $641.0M | $39.5M | ||
| Q2 25 | $277.0M | $23.2M | ||
| Q1 25 | $290.0M | $21.6M | ||
| Q4 24 | $208.0M | $19.8M | ||
| Q3 24 | $457.0M | $8.8M | ||
| Q2 24 | $260.0M | $18.9M | ||
| Q1 24 | $262.0M | $18.2M |
毛利率AEEKALU
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | — | 11.7% |
营业利润率AEEKALU
| Q4 25 | 20.2% | 6.5% | ||
| Q3 25 | 30.6% | 5.8% | ||
| Q2 25 | 18.5% | 4.6% | ||
| Q1 25 | 20.5% | 5.3% | ||
| Q4 24 | 10.2% | 5.0% | ||
| Q3 24 | 27.0% | 1.8% | ||
| Q2 24 | 21.3% | 4.7% | ||
| Q1 24 | 20.4% | 3.3% |
净利率AEEKALU
| Q4 25 | 14.2% | 3.0% | ||
| Q3 25 | 23.7% | 4.7% | ||
| Q2 25 | 12.5% | 2.8% | ||
| Q1 25 | 13.8% | 2.8% | ||
| Q4 24 | 10.7% | 2.6% | ||
| Q3 24 | 21.0% | 1.2% | ||
| Q2 24 | 15.4% | 2.4% | ||
| Q1 24 | 14.4% | 2.5% |
每股收益（稀释后）AEEKALU
| Q4 25 | $0.92 | $1.67 | ||
| Q3 25 | $2.35 | $2.38 | ||
| Q2 25 | $1.01 | $1.41 | ||
| Q1 25 | $1.07 | $1.31 | ||
| Q4 24 | $0.77 | $1.21 | ||
| Q3 24 | $1.70 | $0.54 | ||
| Q2 24 | $0.97 | $1.15 | ||
| Q1 24 | $0.98 | $1.12 |
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 | $7.0M |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | $826.1M |
| 总资产 | $48.5B | $2.6B |
| 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AEEKALU
| Q4 25 | $13.0M | $7.0M | ||
| Q3 25 | $9.0M | $17.2M | ||
| Q2 25 | $11.0M | $13.1M | ||
| Q1 25 | $23.0M | $21.3M | ||
| Q4 24 | $7.0M | $18.4M | ||
| Q3 24 | $17.0M | $45.7M | ||
| Q2 24 | $19.0M | $70.4M | ||
| Q1 24 | $85.0M | $101.6M |
总债务AEEKALU
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AEEKALU
| Q4 25 | $13.4B | $826.1M | ||
| Q3 25 | $12.8B | $806.1M | ||
| Q2 25 | $12.3B | $776.0M | ||
| Q1 25 | $12.2B | $756.8M | ||
| Q4 24 | $12.1B | $743.1M | ||
| Q3 24 | $11.8B | $729.4M | ||
| Q2 24 | $11.5B | $727.6M | ||
| Q1 24 | $11.4B | $714.7M |
总资产AEEKALU
| Q4 25 | $48.5B | $2.6B | ||
| Q3 25 | $47.4B | $2.6B | ||
| Q2 25 | $46.6B | $2.5B | ||
| Q1 25 | $45.7B | $2.4B | ||
| Q4 24 | $44.6B | $2.4B | ||
| Q3 24 | $43.3B | $2.3B | ||
| Q2 24 | $42.3B | $2.3B | ||
| Q1 24 | $41.3B | $2.3B |
负债/权益比AEEKALU
| 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 | $-20.6M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $-51.1M |
| 自由现金流率自由现金流/营收 | -3.0% | -5.5% |
| 资本支出强度资本支出/营收 | 56.7% | 3.3% |
| 现金转化率经营现金流/净利润 | 3.78× | -0.73× |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $-25.5M |
8季度趋势，按日历期对齐
经营现金流AEEKALU
| Q4 25 | $956.0M | $-20.6M | ||
| Q3 25 | $1.1B | $59.1M | ||
| Q2 25 | $862.0M | $15.9M | ||
| Q1 25 | $431.0M | $57.0M | ||
| Q4 24 | $817.0M | $43.4M | ||
| Q3 24 | $897.0M | $34.1M | ||
| Q2 24 | $557.0M | $26.3M | ||
| Q1 24 | $492.0M | $63.3M |
自由现金流AEEKALU
| Q4 25 | $-54.0M | $-51.1M | ||
| Q3 25 | $116.0M | $34.5M | ||
| Q2 25 | $-204.0M | $-27.7M | ||
| Q1 25 | $-633.0M | $18.8M | ||
| Q4 24 | $-473.0M | $-12.6M | ||
| Q3 24 | $-240.0M | $-17.0M | ||
| Q2 24 | $-445.0M | $-17.4M | ||
| Q1 24 | $-398.0M | $33.3M |
自由现金流率AEEKALU
| Q4 25 | -3.0% | -5.5% | ||
| Q3 25 | 4.3% | 4.1% | ||
| Q2 25 | -9.2% | -3.4% | ||
| Q1 25 | -30.2% | 2.4% | ||
| Q4 24 | -24.4% | -1.6% | ||
| Q3 24 | -11.0% | -2.3% | ||
| Q2 24 | -26.3% | -2.2% | ||
| Q1 24 | -21.9% | 4.5% |
资本支出强度AEEKALU
| Q4 25 | 56.7% | 3.3% | ||
| Q3 25 | 36.6% | 2.9% | ||
| Q2 25 | 48.0% | 5.3% | ||
| Q1 25 | 50.7% | 4.9% | ||
| Q4 24 | 66.5% | 7.3% | ||
| Q3 24 | 52.3% | 6.8% | ||
| Q2 24 | 59.2% | 5.7% | ||
| Q1 24 | 49.0% | 4.1% |
现金转化率AEEKALU
| Q4 25 | 3.78× | -0.73× | ||
| Q3 25 | 1.72× | 1.50× | ||
| Q2 25 | 3.11× | 0.69× | ||
| Q1 25 | 1.49× | 2.64× | ||
| Q4 24 | 3.93× | 2.19× | ||
| Q3 24 | 1.96× | 3.88× | ||
| Q2 24 | 2.14× | 1.39× | ||
| Q1 24 | 1.88× | 3.48× |
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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
