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American Electric Power（AEP）与Archrock, Inc.（AROC）财务数据对比。点击上方公司名可切换其他公司
American Electric Power的季度营收约是Archrock, Inc.的13.4倍（$5.1B vs $377.1M）。Archrock, Inc.净利率更高（31.0% vs 12.0%，领先19.0%）。Archrock, Inc.同比增速更快（15.5% vs 6.2%）。过去两年Archrock, Inc.的营收复合增速更高（18.5% vs -0.3%）
AEP是美国知名电力公用事业控股企业，业务覆盖发电、输电、配电全链条，面向美国境内零售及批发客户销售电力。公司下设垂直整合公用事业、输配电、输电控股、发电与营销四大业务板块，采用煤炭、天然气、核电、水电、光伏、风电等多种能源发电。
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
AEP vs AROC — 直观对比
营收规模更大
AEP
是对方的13.4倍
$377.1M
营收增速更快
AROC
高出9.3%
6.2%
净利率更高
AROC
高出19.0%
12.0%
两年增速更快
AROC
近两年复合增速
-0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $377.1M |
| 净利润 | $605.2M | $116.8M |
| 毛利率 | — | 53.0% |
| 营业利润率 | 22.1% | 39.4% |
| 净利率 | 12.0% | 31.0% |
| 营收同比 | 6.2% | 15.5% |
| 净利润同比 | -9.1% | 95.4% |
| 每股收益（稀释后） | $1.06 | $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AEPAROC
| Q4 25 | $5.1B | $377.1M | ||
| Q3 25 | $6.0B | $382.4M | ||
| Q2 25 | $5.1B | $383.2M | ||
| Q1 25 | $5.6B | $347.2M | ||
| Q4 24 | $4.8B | $326.4M | ||
| Q3 24 | $5.5B | $292.2M | ||
| Q2 24 | $4.7B | $270.5M | ||
| Q1 24 | $5.1B | $268.5M |
净利润AEPAROC
| Q4 25 | $605.2M | $116.8M | ||
| Q3 25 | $1.0B | $71.2M | ||
| Q2 25 | $1.3B | $63.4M | ||
| Q1 25 | $802.2M | $70.8M | ||
| Q4 24 | $665.9M | $59.8M | ||
| Q3 24 | $961.7M | $37.5M | ||
| Q2 24 | $342.5M | $34.4M | ||
| Q1 24 | $1.0B | $40.5M |
毛利率AEPAROC
| Q4 25 | — | 53.0% | ||
| Q3 25 | — | 48.5% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 47.4% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | — | 44.4% | ||
| Q2 24 | — | 41.5% | ||
| Q1 24 | — | 42.1% |
营业利润率AEPAROC
| Q4 25 | 22.1% | 39.4% | ||
| Q3 25 | 25.5% | 25.3% | ||
| Q2 25 | 27.7% | 22.5% | ||
| Q1 25 | 22.8% | 26.5% | ||
| Q4 24 | 23.0% | 24.0% | ||
| Q3 24 | 24.7% | 18.1% | ||
| Q2 24 | 14.7% | 17.6% | ||
| Q1 24 | 23.1% | 20.0% |
净利率AEPAROC
| Q4 25 | 12.0% | 31.0% | ||
| Q3 25 | 16.8% | 18.6% | ||
| Q2 25 | 25.5% | 16.6% | ||
| Q1 25 | 14.2% | 20.4% | ||
| Q4 24 | 14.0% | 18.3% | ||
| Q3 24 | 17.6% | 12.8% | ||
| Q2 24 | 7.4% | 12.7% | ||
| Q1 24 | 19.8% | 15.1% |
每股收益（稀释后）AEPAROC
| Q4 25 | $1.06 | $0.67 | ||
| Q3 25 | $1.81 | $0.40 | ||
| Q2 25 | $2.29 | $0.36 | ||
| Q1 25 | $1.50 | $0.40 | ||
| Q4 24 | $1.24 | $0.35 | ||
| Q3 24 | $1.80 | $0.22 | ||
| Q2 24 | $0.64 | $0.22 | ||
| Q1 24 | $1.90 | $0.26 |
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 | $417.0M | $1.6M |
| 总债务越低越好 | $47.3B | — |
| 股东权益账面价值 | $31.1B | $1.5B |
| 总资产 | $114.5B | $4.3B |
| 负债/权益比越低杠杆越低 | 1.52× | — |
8季度趋势，按日历期对齐
现金及短期投资AEPAROC
| Q4 25 | $417.0M | $1.6M | ||
| Q3 25 | $1.3B | $4.1M | ||
| Q2 25 | $439.3M | $5.9M | ||
| Q1 25 | $463.6M | $4.8M | ||
| Q4 24 | $418.3M | $4.4M | ||
| Q3 24 | $474.4M | $3.7M | ||
| Q2 24 | $428.2M | $919.0K | ||
| Q1 24 | $447.7M | $1.2M |
总债务AEPAROC
| Q4 25 | $47.3B | — | ||
| Q3 25 | $46.1B | — | ||
| Q2 25 | $44.5B | — | ||
| Q1 25 | $43.0B | — | ||
| Q4 24 | $42.6B | — | ||
| Q3 24 | $42.0B | — | ||
| Q2 24 | $42.1B | — | ||
| Q1 24 | $39.8B | — |
股东权益AEPAROC
| Q4 25 | $31.1B | $1.5B | ||
| Q3 25 | $30.4B | $1.4B | ||
| Q2 25 | $29.9B | $1.4B | ||
| Q1 25 | $27.3B | $1.3B | ||
| Q4 24 | $26.9B | $1.3B | ||
| Q3 24 | $26.6B | $1.3B | ||
| Q2 24 | $26.1B | $894.5M | ||
| Q1 24 | $25.8B | $882.1M |
总资产AEPAROC
| Q4 25 | $114.5B | $4.3B | ||
| Q3 25 | $110.3B | $4.4B | ||
| Q2 25 | $107.8B | $4.4B | ||
| Q1 25 | $104.4B | $4.0B | ||
| Q4 24 | $103.1B | $3.8B | ||
| Q3 24 | $100.1B | $3.8B | ||
| Q2 24 | $99.6B | $2.7B | ||
| Q1 24 | $97.7B | $2.7B |
负债/权益比AEPAROC
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.58× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 1.54× | — |
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 | $1.8B | $214.5M |
| 自由现金流经营现金流 - 资本支出 | — | $126.7M |
| 自由现金流率自由现金流/营收 | — | 33.6% |
| 资本支出强度资本支出/营收 | — | 23.3% |
| 现金转化率经营现金流/净利润 | 3.00× | 1.84× |
| 过去12个月自由现金流最近4个季度 | — | $119.6M |
8季度趋势，按日历期对齐
经营现金流AEPAROC
| Q4 25 | $1.8B | $214.5M | ||
| Q3 25 | $2.5B | $164.5M | ||
| Q2 25 | $1.2B | $127.5M | ||
| Q1 25 | $1.4B | $115.6M | ||
| Q4 24 | $1.7B | $124.3M | ||
| Q3 24 | $2.2B | $96.9M | ||
| Q2 24 | $1.5B | $70.7M | ||
| Q1 24 | $1.4B | $137.7M |
自由现金流AEPAROC
| Q4 25 | — | $126.7M | ||
| Q3 25 | $2.2B | $29.5M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $-52.5M | ||
| Q4 24 | — | $26.4M | ||
| Q3 24 | — | $26.9M | ||
| Q2 24 | — | $-20.6M | ||
| Q1 24 | — | $37.9M |
自由现金流率AEPAROC
| Q4 25 | — | 33.6% | ||
| Q3 25 | 36.3% | 7.7% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | -7.6% | ||
| Q1 24 | — | 14.1% |
资本支出强度AEPAROC
| Q4 25 | — | 23.3% | ||
| Q3 25 | 5.0% | 35.3% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | 0.0% | 24.0% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 37.2% |
现金转化率AEPAROC
| Q4 25 | 3.00× | 1.84× | ||
| Q3 25 | 2.46× | 2.31× | ||
| Q2 25 | 0.95× | 2.01× | ||
| Q1 25 | 1.81× | 1.63× | ||
| Q4 24 | 2.59× | 2.08× | ||
| Q3 24 | 2.26× | 2.58× | ||
| Q2 24 | 4.27× | 2.05× | ||
| Q1 24 | 1.43× | 3.40× |
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
AEP
| Transmissionand Distribution Utilities Revenues | $1.5B | 29% |
| Electric Generation Transmission Distribution Revenues | $956.6M | 19% |
| Electricity Transmission And Distribution Revenues | $931.8M | 18% |
| Industrial | $685.8M | 14% |
| Marketing Competitive Retailand Renewable | $438.3M | 9% |
| Wholesale Generation | $231.1M | 5% |
| Wholesale Transmission | $113.6M | 2% |
| Other | $110.2M | 2% |
| Electric Transmission | $103.4M | 2% |
| Other Retail | $60.1M | 1% |
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
