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Ameren（AEE）与Norfolk Southern（NSC）财务数据对比。点击上方公司名可切换其他公司
Norfolk Southern的季度营收约是Ameren的1.7倍（$3.0B vs $1.8B），Norfolk Southern净利率更高（21.7% vs 14.2%，领先7.5%），Norfolk Southern同比增速更快（-1.7% vs -8.2%），Norfolk Southern自由现金流更多（$334.0M vs $-54.0M），过去两年Norfolk Southern的营收复合增速更高（-0.5% 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。
诺福克南方铁路是美国一级货运铁路运营商，总部位于亚特兰大，1982年由诺福克西部铁路与南方铁路合并组建。公司运营线路总长19420英里（约31250公里），覆盖美国东部22个州及华盛顿哥伦比亚特区，同时拥有加拿大太平洋堪萨斯城铁路奥尔巴尼至蒙特利尔线路的通行使用权。
AEE vs NSC — 直观对比
营收规模更大
NSC
是对方的1.7倍
$1.8B
营收增速更快
NSC
高出6.5%
-8.2%
净利率更高
NSC
高出7.5%
14.2%
自由现金流更多
NSC
多$388.0M
$-54.0M
两年增速更快
NSC
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.0B |
| 净利润 | $253.0M | $644.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | 31.5% |
| 净利率 | 14.2% | 21.7% |
| 营收同比 | -8.2% | -1.7% |
| 净利润同比 | 21.6% | -12.1% |
| 每股收益（稀释后） | $0.92 | $2.87 |
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AEENSC
| Q4 25 | $1.8B | $3.0B | ||
| Q3 25 | $2.7B | $3.1B | ||
| Q2 25 | $2.2B | $3.1B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $1.7B | $3.0B | ||
| Q1 24 | $1.8B | $3.0B |
净利润AEENSC
| Q4 25 | $253.0M | $644.0M | ||
| Q3 25 | $641.0M | $711.0M | ||
| Q2 25 | $277.0M | $768.0M | ||
| Q1 25 | $290.0M | $750.0M | ||
| Q4 24 | $208.0M | $733.0M | ||
| Q3 24 | $457.0M | $1.1B | ||
| Q2 24 | $260.0M | $737.0M | ||
| Q1 24 | $262.0M | $53.0M |
营业利润率AEENSC
| Q4 25 | 20.2% | 31.5% | ||
| Q3 25 | 30.6% | 35.4% | ||
| Q2 25 | 18.5% | 37.8% | ||
| Q1 25 | 20.5% | 38.3% | ||
| Q4 24 | 10.2% | 37.4% | ||
| Q3 24 | 27.0% | 52.3% | ||
| Q2 24 | 21.3% | 37.2% | ||
| Q1 24 | 20.4% | 7.1% |
净利率AEENSC
| Q4 25 | 14.2% | 21.7% | ||
| Q3 25 | 23.7% | 22.9% | ||
| Q2 25 | 12.5% | 24.7% | ||
| Q1 25 | 13.8% | 25.1% | ||
| Q4 24 | 10.7% | 24.2% | ||
| Q3 24 | 21.0% | 36.0% | ||
| Q2 24 | 15.4% | 24.2% | ||
| Q1 24 | 14.4% | 1.8% |
每股收益（稀释后）AEENSC
| Q4 25 | $0.92 | $2.87 | ||
| Q3 25 | $2.35 | $3.16 | ||
| Q2 25 | $1.01 | $3.41 | ||
| Q1 25 | $1.07 | $3.31 | ||
| Q4 24 | $0.77 | $3.24 | ||
| Q3 24 | $1.70 | $4.85 | ||
| Q2 24 | $0.97 | $3.25 | ||
| Q1 24 | $0.98 | $0.23 |
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 | $1.5B |
| 总债务越低越好 | $19.4B | $16.5B |
| 股东权益账面价值 | $13.4B | $15.5B |
| 总资产 | $48.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.45× | 1.06× |
8季度趋势，按日历期对齐
现金及短期投资AEENSC
| Q4 25 | $13.0M | $1.5B | ||
| Q3 25 | $9.0M | $1.4B | ||
| Q2 25 | $11.0M | $1.3B | ||
| Q1 25 | $23.0M | $1.0B | ||
| Q4 24 | $7.0M | $1.6B | ||
| Q3 24 | $17.0M | $975.0M | ||
| Q2 24 | $19.0M | $659.0M | ||
| Q1 24 | $85.0M | $652.0M |
总债务AEENSC
| Q4 25 | $19.4B | $16.5B | ||
| Q3 25 | — | $16.5B | ||
| Q2 25 | — | $16.5B | ||
| Q1 25 | — | $16.7B | ||
| Q4 24 | $17.8B | $16.7B | ||
| Q3 24 | — | $16.6B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $17.2B |
股东权益AEENSC
| Q4 25 | $13.4B | $15.5B | ||
| Q3 25 | $12.8B | $15.1B | ||
| Q2 25 | $12.3B | $14.8B | ||
| Q1 25 | $12.2B | $14.5B | ||
| Q4 24 | $12.1B | $14.3B | ||
| Q3 24 | $11.8B | $13.8B | ||
| Q2 24 | $11.5B | $13.0B | ||
| Q1 24 | $11.4B | $12.5B |
总资产AEENSC
| Q4 25 | $48.5B | $45.2B | ||
| Q3 25 | $47.4B | $44.6B | ||
| Q2 25 | $46.6B | $44.2B | ||
| Q1 25 | $45.7B | $43.8B | ||
| Q4 24 | $44.6B | $43.7B | ||
| Q3 24 | $43.3B | $43.3B | ||
| Q2 24 | $42.3B | $42.6B | ||
| Q1 24 | $41.3B | $42.1B |
负债/权益比AEENSC
| Q4 25 | 1.45× | 1.06× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 1.47× | 1.16× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.37× |
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 | $334.0M |
| 自由现金流率自由现金流/营收 | -3.0% | 11.2% |
| 资本支出强度资本支出/营收 | 56.7% | 24.5% |
| 现金转化率经营现金流/净利润 | 3.78× | 1.65× |
| 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AEENSC
| Q4 25 | $956.0M | $1.1B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $862.0M | $1.1B | ||
| Q1 25 | $431.0M | $950.0M | ||
| Q4 24 | $817.0M | $951.0M | ||
| Q3 24 | $897.0M | $1.2B | ||
| Q2 24 | $557.0M | $1.0B | ||
| Q1 24 | $492.0M | $839.0M |
自由现金流AEENSC
| Q4 25 | $-54.0M | $334.0M | ||
| Q3 25 | $116.0M | $720.0M | ||
| Q2 25 | $-204.0M | $602.0M | ||
| Q1 25 | $-633.0M | $501.0M | ||
| Q4 24 | $-473.0M | $276.0M | ||
| Q3 24 | $-240.0M | $645.0M | ||
| Q2 24 | $-445.0M | $468.0M | ||
| Q1 24 | $-398.0M | $282.0M |
自由现金流率AEENSC
| Q4 25 | -3.0% | 11.2% | ||
| Q3 25 | 4.3% | 23.2% | ||
| Q2 25 | -9.2% | 19.4% | ||
| Q1 25 | -30.2% | 16.7% | ||
| Q4 24 | -24.4% | 9.1% | ||
| Q3 24 | -11.0% | 21.1% | ||
| Q2 24 | -26.3% | 15.4% | ||
| Q1 24 | -21.9% | 9.4% |
资本支出强度AEENSC
| Q4 25 | 56.7% | 24.5% | ||
| Q3 25 | 36.6% | 17.8% | ||
| Q2 25 | 48.0% | 15.3% | ||
| Q1 25 | 50.7% | 15.0% | ||
| Q4 24 | 66.5% | 22.3% | ||
| Q3 24 | 52.3% | 19.0% | ||
| Q2 24 | 59.2% | 18.7% | ||
| Q1 24 | 49.0% | 18.5% |
现金转化率AEENSC
| Q4 25 | 3.78× | 1.65× | ||
| Q3 25 | 1.72× | 1.79× | ||
| Q2 25 | 3.11× | 1.40× | ||
| Q1 25 | 1.49× | 1.27× | ||
| Q4 24 | 3.93× | 1.30× | ||
| Q3 24 | 1.96× | 1.12× | ||
| Q2 24 | 2.14× | 1.41× | ||
| Q1 24 | 1.88× | 15.83× |
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
NSC
| Railway Operating Revenues Market Group Merchandise | $1.9B | 63% |
| Metals And Construction | $404.0M | 14% |
| Railway Operating Revenues Market Group Coal | $347.0M | 12% |
| Automotive | $293.0M | 10% |
