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American Electric Power（AEP）与科迪华（CTVA）财务数据对比。点击上方公司名可切换其他公司
American Electric Power的季度营收约是科迪华的1.3倍（$5.1B vs $3.9B），American Electric Power净利率更高（12.0% vs -14.1%，领先26.1%），American Electric Power同比增速更快（6.2% vs -1.7%），过去两年American Electric Power的营收复合增速更高（-0.3% vs -6.7%）
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。
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
AEP vs CTVA — 直观对比
营收规模更大
AEP
是对方的1.3倍
$3.9B
营收增速更快
AEP
高出7.9%
-1.7%
净利率更高
AEP
高出26.1%
-14.1%
两年增速更快
AEP
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $3.9B |
| 净利润 | $605.2M | $-552.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 22.1% | -13.6% |
| 净利率 | 12.0% | -14.1% |
| 营收同比 | 6.2% | -1.7% |
| 净利润同比 | -9.1% | -1246.3% |
| 每股收益（稀释后） | $1.06 | $-0.80 |
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AEPCTVA
| Q4 25 | $5.1B | $3.9B | ||
| Q3 25 | $6.0B | $2.6B | ||
| Q2 25 | $5.1B | $6.5B | ||
| Q1 25 | $5.6B | $4.4B | ||
| Q4 24 | $4.8B | $4.0B | ||
| Q3 24 | $5.5B | $2.3B | ||
| Q2 24 | $4.7B | $6.1B | ||
| Q1 24 | $5.1B | $4.5B |
净利润AEPCTVA
| Q4 25 | $605.2M | $-552.0M | ||
| Q3 25 | $1.0B | $-320.0M | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $802.2M | $652.0M | ||
| Q4 24 | $665.9M | $-41.0M | ||
| Q3 24 | $961.7M | $-524.0M | ||
| Q2 24 | $342.5M | $1.1B | ||
| Q1 24 | $1.0B | $419.0M |
毛利率AEPCTVA
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 54.6% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | 43.2% |
营业利润率AEPCTVA
| Q4 25 | 22.1% | -13.6% | ||
| Q3 25 | 25.5% | -14.1% | ||
| Q2 25 | 27.7% | 27.9% | ||
| Q1 25 | 22.8% | 17.7% | ||
| Q4 24 | 23.0% | 2.2% | ||
| Q3 24 | 24.7% | -27.2% | ||
| Q2 24 | 14.7% | 21.9% | ||
| Q1 24 | 23.1% | 10.7% |
净利率AEPCTVA
| Q4 25 | 12.0% | -14.1% | ||
| Q3 25 | 16.8% | -12.2% | ||
| Q2 25 | 25.5% | 20.4% | ||
| Q1 25 | 14.2% | 14.8% | ||
| Q4 24 | 14.0% | -1.0% | ||
| Q3 24 | 17.6% | -22.5% | ||
| Q2 24 | 7.4% | 17.2% | ||
| Q1 24 | 19.8% | 9.3% |
每股收益（稀释后）AEPCTVA
| Q4 25 | $1.06 | $-0.80 | ||
| Q3 25 | $1.81 | $-0.47 | ||
| Q2 25 | $2.29 | $1.92 | ||
| Q1 25 | $1.50 | $0.95 | ||
| Q4 24 | $1.24 | $-0.05 | ||
| Q3 24 | $1.80 | $-0.76 | ||
| Q2 24 | $0.64 | $1.51 | ||
| Q1 24 | $1.90 | $0.60 |
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 | $4.5B |
| 总债务越低越好 | $47.3B | $1.7B |
| 股东权益账面价值 | $31.1B | $24.1B |
| 总资产 | $114.5B | $42.8B |
| 负债/权益比越低杠杆越低 | 1.52× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资AEPCTVA
| Q4 25 | $417.0M | $4.5B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $439.3M | $2.1B | ||
| Q1 25 | $463.6M | $2.0B | ||
| Q4 24 | $418.3M | $3.2B | ||
| Q3 24 | $474.4M | $2.5B | ||
| Q2 24 | $428.2M | $2.0B | ||
| Q1 24 | $447.7M | $1.7B |
总债务AEPCTVA
| Q4 25 | $47.3B | $1.7B | ||
| Q3 25 | $46.1B | $1.7B | ||
| Q2 25 | $44.5B | $1.7B | ||
| Q1 25 | $43.0B | $1.8B | ||
| Q4 24 | $42.6B | $2.0B | ||
| Q3 24 | $42.0B | $2.0B | ||
| Q2 24 | $42.1B | $2.5B | ||
| Q1 24 | $39.8B | $2.5B |
股东权益AEPCTVA
| Q4 25 | $31.1B | $24.1B | ||
| Q3 25 | $30.4B | $25.2B | ||
| Q2 25 | $29.9B | $25.9B | ||
| Q1 25 | $27.3B | $24.3B | ||
| Q4 24 | $26.9B | $23.8B | ||
| Q3 24 | $26.6B | $24.7B | ||
| Q2 24 | $26.1B | $25.2B | ||
| Q1 24 | $25.8B | $24.8B |
总资产AEPCTVA
| Q4 25 | $114.5B | $42.8B | ||
| Q3 25 | $110.3B | $42.2B | ||
| Q2 25 | $107.8B | $41.8B | ||
| Q1 25 | $104.4B | $42.1B | ||
| Q4 24 | $103.1B | $40.8B | ||
| Q3 24 | $100.1B | $41.9B | ||
| Q2 24 | $99.6B | $41.5B | ||
| Q1 24 | $97.7B | $43.6B |
负债/权益比AEPCTVA
| Q4 25 | 1.52× | 0.07× | ||
| Q3 25 | 1.52× | 0.07× | ||
| Q2 25 | 1.49× | 0.07× | ||
| Q1 25 | 1.57× | 0.07× | ||
| Q4 24 | 1.58× | 0.08× | ||
| Q3 24 | 1.58× | 0.08× | ||
| Q2 24 | 1.61× | 0.10× | ||
| Q1 24 | 1.54× | 0.10× |
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 | $4.4B |
| 自由现金流经营现金流 - 资本支出 | — | $4.2B |
| 自由现金流率自由现金流/营收 | — | 106.2% |
| 资本支出强度资本支出/营收 | — | 5.7% |
| 现金转化率经营现金流/净利润 | 3.00× | — |
| 过去12个月自由现金流最近4个季度 | — | $2.8B |
8季度趋势，按日历期对齐
经营现金流AEPCTVA
| Q4 25 | $1.8B | $4.4B | ||
| Q3 25 | $2.5B | $193.0M | ||
| Q2 25 | $1.2B | $947.0M | ||
| Q1 25 | $1.4B | $-2.1B | ||
| Q4 24 | $1.7B | $4.2B | ||
| Q3 24 | $2.2B | $130.0M | ||
| Q2 24 | $1.5B | $451.0M | ||
| Q1 24 | $1.4B | $-2.6B |
自由现金流AEPCTVA
| Q4 25 | — | $4.2B | ||
| Q3 25 | $2.2B | $36.0M | ||
| Q2 25 | — | $829.0M | ||
| Q1 25 | — | $-2.2B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $-24.0M | ||
| Q2 24 | — | $337.0M | ||
| Q1 24 | — | $-2.8B |
自由现金流率AEPCTVA
| Q4 25 | — | 106.2% | ||
| Q3 25 | 36.3% | 1.4% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | -49.9% | ||
| Q4 24 | — | 100.4% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | -61.4% |
资本支出强度AEPCTVA
| Q4 25 | — | 5.7% | ||
| Q3 25 | 5.0% | 6.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 0.0% | 6.6% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.3% |
现金转化率AEPCTVA
| Q4 25 | 3.00× | — | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 0.95× | 0.72× | ||
| Q1 25 | 1.81× | -3.23× | ||
| Q4 24 | 2.59× | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 4.27× | 0.43× | ||
| Q1 24 | 1.43× | -6.23× |
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% |
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
