vs
Ameren（AEE）与Southwest Gas Holdings, Inc.（SWX）财务数据对比。点击上方公司名可切换其他公司
Ameren净利率更高（14.2% vs -8.6%，领先22.8%）。Ameren同比增速更快（-8.2% vs -162.5%）。Ameren自由现金流更多（$-54.0M vs $-155.9M）。过去两年Southwest Gas Holdings, Inc.的营收复合增速更高（NaN% vs NaN%）
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。
西南燃气控股是一家投资者所有的公用事业企业，总部位于美国内华达州拉斯维加斯，主要开展燃气供应等相关公用事业服务，运营体系成熟稳定，在其服务覆盖区域拥有良好的市场口碑与客户基础。
AEE vs SWX — 直观对比
营收规模更大
AEE
是对方的-2.2倍
$-793.4M
营收增速更快
AEE
高出154.3%
-162.5%
净利率更高
AEE
高出22.8%
-8.6%
自由现金流更多
AEE
多$101.9M
$-155.9M
两年增速更快
SWX
近两年复合增速
-0.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $-793.4M |
| 净利润 | $253.0M | $68.4M |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | — |
| 净利率 | 14.2% | -8.6% |
| 营收同比 | -8.2% | -162.5% |
| 净利润同比 | 21.6% | -26.1% |
| 每股收益（稀释后） | $0.92 | $0.94 |
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AEESWX
| Q4 25 | $1.8B | $-793.4M | ||
| Q3 25 | $2.7B | $316.9M | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.8B | $1.6B |
净利润AEESWX
| Q4 25 | $253.0M | $68.4M | ||
| Q3 25 | $641.0M | $270.5M | ||
| Q2 25 | $277.0M | $-12.9M | ||
| Q1 25 | $290.0M | $113.9M | ||
| Q4 24 | $208.0M | $92.5M | ||
| Q3 24 | $457.0M | $289.0K | ||
| Q2 24 | $260.0M | $18.3M | ||
| Q1 24 | $262.0M | $87.7M |
毛利率AEESWX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 48.8% | ||
| Q3 24 | — | 40.2% | ||
| Q2 24 | — | 48.9% | ||
| Q1 24 | — | 67.4% |
营业利润率AEESWX
| Q4 25 | 20.2% | — | ||
| Q3 25 | 30.6% | 11.7% | ||
| Q2 25 | 18.5% | 8.5% | ||
| Q1 25 | 20.5% | 15.5% | ||
| Q4 24 | 10.2% | 14.2% | ||
| Q3 24 | 27.0% | 5.7% | ||
| Q2 24 | 21.3% | 7.0% | ||
| Q1 24 | 20.4% | 10.0% |
净利率AEESWX
| Q4 25 | 14.2% | -8.6% | ||
| Q3 25 | 23.7% | 85.3% | ||
| Q2 25 | 12.5% | -1.1% | ||
| Q1 25 | 13.8% | 8.8% | ||
| Q4 24 | 10.7% | 7.3% | ||
| Q3 24 | 21.0% | 0.0% | ||
| Q2 24 | 15.4% | 1.6% | ||
| Q1 24 | 14.4% | 5.5% |
每股收益（稀释后）AEESWX
| Q4 25 | $0.92 | $0.94 | ||
| Q3 25 | $2.35 | $3.74 | ||
| Q2 25 | $1.01 | $-0.18 | ||
| Q1 25 | $1.07 | $1.58 | ||
| Q4 24 | $0.77 | $1.29 | ||
| Q3 24 | $1.70 | $0.00 | ||
| Q2 24 | $0.97 | $0.25 | ||
| Q1 24 | $0.98 | $1.22 |
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 | $576.6M |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | $4.0B |
| 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AEESWX
| Q4 25 | $13.0M | $576.6M | ||
| Q3 25 | $9.0M | $778.6M | ||
| Q2 25 | $11.0M | $355.6M | ||
| Q1 25 | $23.0M | $406.3M | ||
| Q4 24 | $7.0M | $363.8M | ||
| Q3 24 | $17.0M | $456.6M | ||
| Q2 24 | $19.0M | $599.6M | ||
| Q1 24 | $85.0M | $458.0M |
总债务AEESWX
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AEESWX
| Q4 25 | $13.4B | $4.0B | ||
| Q3 25 | $12.8B | $3.9B | ||
| Q2 25 | $12.3B | $3.7B | ||
| Q1 25 | $12.2B | $3.6B | ||
| Q4 24 | $12.1B | $3.5B | ||
| Q3 24 | $11.8B | $3.5B | ||
| Q2 24 | $11.5B | $3.5B | ||
| Q1 24 | $11.4B | $3.4B |
总资产AEESWX
| Q4 25 | $48.5B | $10.4B | ||
| Q3 25 | $47.4B | $10.3B | ||
| Q2 25 | $46.6B | $12.2B | ||
| Q1 25 | $45.7B | $12.1B | ||
| Q4 24 | $44.6B | $12.0B | ||
| Q3 24 | $43.3B | $11.9B | ||
| Q2 24 | $42.3B | $12.0B | ||
| Q1 24 | $41.3B | $11.9B |
负债/权益比AEESWX
| 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 | $81.6M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $-155.9M |
| 自由现金流率自由现金流/营收 | -3.0% | 19.7% |
| 资本支出强度资本支出/营收 | 56.7% | -29.9% |
| 现金转化率经营现金流/净利润 | 3.78× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $-251.8M |
8季度趋势，按日历期对齐
经营现金流AEESWX
| Q4 25 | $956.0M | $81.6M | ||
| Q3 25 | $1.1B | $56.9M | ||
| Q2 25 | $862.0M | $126.3M | ||
| Q1 25 | $431.0M | $291.3M | ||
| Q4 24 | $817.0M | $201.4M | ||
| Q3 24 | $897.0M | $304.1M | ||
| Q2 24 | $557.0M | $306.6M | ||
| Q1 24 | $492.0M | $543.7M |
自由现金流AEESWX
| Q4 25 | $-54.0M | $-155.9M | ||
| Q3 25 | $116.0M | $-105.8M | ||
| Q2 25 | $-204.0M | $-93.8M | ||
| Q1 25 | $-633.0M | $103.8M | ||
| Q4 24 | $-473.0M | $-34.7M | ||
| Q3 24 | $-240.0M | $38.7M | ||
| Q2 24 | $-445.0M | $83.3M | ||
| Q1 24 | $-398.0M | $322.5M |
自由现金流率AEESWX
| Q4 25 | -3.0% | 19.7% | ||
| Q3 25 | 4.3% | -33.4% | ||
| Q2 25 | -9.2% | -8.4% | ||
| Q1 25 | -30.2% | 8.0% | ||
| Q4 24 | -24.4% | -2.7% | ||
| Q3 24 | -11.0% | 3.6% | ||
| Q2 24 | -26.3% | 7.0% | ||
| Q1 24 | -21.9% | 20.4% |
资本支出强度AEESWX
| Q4 25 | 56.7% | -29.9% | ||
| Q3 25 | 36.6% | 51.3% | ||
| Q2 25 | 48.0% | 19.6% | ||
| Q1 25 | 50.7% | 14.5% | ||
| Q4 24 | 66.5% | 18.6% | ||
| Q3 24 | 52.3% | 24.6% | ||
| Q2 24 | 59.2% | 18.9% | ||
| Q1 24 | 49.0% | 14.0% |
现金转化率AEESWX
| Q4 25 | 3.78× | 1.19× | ||
| Q3 25 | 1.72× | 0.21× | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 1.49× | 2.56× | ||
| Q4 24 | 3.93× | 2.18× | ||
| Q3 24 | 1.96× | 1052.08× | ||
| Q2 24 | 2.14× | 16.72× | ||
| Q1 24 | 1.88× | 6.20× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
