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American Electric Power（AEP）与切尼尔能源（LNG）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是American Electric Power的1.1倍（$5.4B vs $5.1B），切尼尔能源净利率更高（42.8% vs 12.0%，领先30.9%），切尼尔能源同比增速更快（20.3% vs 6.2%），过去两年切尼尔能源的营收复合增速更高（14.3% 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。
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
AEP vs LNG — 直观对比
营收规模更大
LNG
是对方的1.1倍
$5.1B
营收增速更快
LNG
高出14.1%
6.2%
净利率更高
LNG
高出30.9%
12.0%
两年增速更快
LNG
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $5.4B |
| 净利润 | $605.2M | $2.3B |
| 毛利率 | — | — |
| 营业利润率 | 22.1% | 70.8% |
| 净利率 | 12.0% | 42.8% |
| 营收同比 | 6.2% | 20.3% |
| 净利润同比 | -9.1% | 135.6% |
| 每股收益（稀释后） | $1.06 | $10.51 |
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AEPLNG
| Q4 25 | $5.1B | $5.4B | ||
| Q3 25 | $6.0B | $4.3B | ||
| Q2 25 | $5.1B | $4.5B | ||
| Q1 25 | $5.6B | $5.3B | ||
| Q4 24 | $4.8B | $4.5B | ||
| Q3 24 | $5.5B | $3.7B | ||
| Q2 24 | $4.7B | $3.1B | ||
| Q1 24 | $5.1B | $4.1B |
净利润AEPLNG
| Q4 25 | $605.2M | $2.3B | ||
| Q3 25 | $1.0B | $1.0B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $802.2M | $353.0M | ||
| Q4 24 | $665.9M | $977.0M | ||
| Q3 24 | $961.7M | $893.0M | ||
| Q2 24 | $342.5M | $880.0M | ||
| Q1 24 | $1.0B | $502.0M |
营业利润率AEPLNG
| Q4 25 | 22.1% | 70.8% | ||
| Q3 25 | 25.5% | 42.3% | ||
| Q2 25 | 27.7% | 56.1% | ||
| Q1 25 | 22.8% | 18.2% | ||
| Q4 24 | 23.0% | 38.9% | ||
| Q3 24 | 24.7% | 44.7% | ||
| Q2 24 | 14.7% | 50.5% | ||
| Q1 24 | 23.1% | 28.0% |
净利率AEPLNG
| Q4 25 | 12.0% | 42.8% | ||
| Q3 25 | 16.8% | 24.4% | ||
| Q2 25 | 25.5% | 36.1% | ||
| Q1 25 | 14.2% | 6.7% | ||
| Q4 24 | 14.0% | 21.9% | ||
| Q3 24 | 17.6% | 24.2% | ||
| Q2 24 | 7.4% | 28.0% | ||
| Q1 24 | 19.8% | 12.2% |
每股收益（稀释后）AEPLNG
| Q4 25 | $1.06 | $10.51 | ||
| Q3 25 | $1.81 | $4.75 | ||
| Q2 25 | $2.29 | $7.30 | ||
| Q1 25 | $1.50 | $1.57 | ||
| Q4 24 | $1.24 | $4.30 | ||
| Q3 24 | $1.80 | $3.93 | ||
| Q2 24 | $0.64 | $3.84 | ||
| Q1 24 | $1.90 | $2.13 |
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 | $1.1B |
| 总债务越低越好 | $47.3B | $22.5B |
| 股东权益账面价值 | $31.1B | $7.9B |
| 总资产 | $114.5B | $47.9B |
| 负债/权益比越低杠杆越低 | 1.52× | 2.84× |
8季度趋势，按日历期对齐
现金及短期投资AEPLNG
| Q4 25 | $417.0M | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $439.3M | $1.6B | ||
| Q1 25 | $463.6M | $2.5B | ||
| Q4 24 | $418.3M | $2.6B | ||
| Q3 24 | $474.4M | $2.7B | ||
| Q2 24 | $428.2M | $2.4B | ||
| Q1 24 | $447.7M | $4.4B |
总债务AEPLNG
| Q4 25 | $47.3B | $22.5B | ||
| Q3 25 | $46.1B | $22.0B | ||
| Q2 25 | $44.5B | $22.0B | ||
| Q1 25 | $43.0B | $22.5B | ||
| Q4 24 | $42.6B | $22.6B | ||
| Q3 24 | $42.0B | $22.5B | ||
| Q2 24 | $42.1B | $22.6B | ||
| Q1 24 | $39.8B | $21.4B |
股东权益AEPLNG
| Q4 25 | $31.1B | $7.9B | ||
| Q3 25 | $30.4B | $6.7B | ||
| Q2 25 | $29.9B | $6.7B | ||
| Q1 25 | $27.3B | $5.6B | ||
| Q4 24 | $26.9B | $5.7B | ||
| Q3 24 | $26.6B | $5.1B | ||
| Q2 24 | $26.1B | $4.5B | ||
| Q1 24 | $25.8B | $4.3B |
总资产AEPLNG
| Q4 25 | $114.5B | $47.9B | ||
| Q3 25 | $110.3B | $45.1B | ||
| Q2 25 | $107.8B | $44.6B | ||
| Q1 25 | $104.4B | $43.5B | ||
| Q4 24 | $103.1B | $43.9B | ||
| Q3 24 | $100.1B | $43.1B | ||
| Q2 24 | $99.6B | $42.3B | ||
| Q1 24 | $97.7B | $42.9B |
负债/权益比AEPLNG
| Q4 25 | 1.52× | 2.84× | ||
| Q3 25 | 1.52× | 3.25× | ||
| Q2 25 | 1.49× | 3.28× | ||
| Q1 25 | 1.57× | 4.03× | ||
| Q4 24 | 1.58× | 3.96× | ||
| Q3 24 | 1.58× | 4.42× | ||
| Q2 24 | 1.61× | 5.06× | ||
| Q1 24 | 1.54× | 5.04× |
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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 24.4% |
| 资本支出强度资本支出/营收 | — | 13.8% |
| 现金转化率经营现金流/净利润 | 3.00× | 0.89× |
| 过去12个月自由现金流最近4个季度 | — | $2.5B |
8季度趋势，按日历期对齐
经营现金流AEPLNG
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $1.2B | $831.0M | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.2B |
自由现金流AEPLNG
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.2B | $738.0M | ||
| Q2 25 | — | $-193.0M | ||
| Q1 25 | — | $605.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $875.0M | ||
| Q2 24 | — | $613.0M | ||
| Q1 24 | — | $596.0M |
自由现金流率AEPLNG
| Q4 25 | — | 24.4% | ||
| Q3 25 | 36.3% | 17.2% | ||
| Q2 25 | — | -4.3% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 24.0% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 19.5% | ||
| Q1 24 | — | 14.5% |
资本支出强度AEPLNG
| Q4 25 | — | 13.8% | ||
| Q3 25 | 5.0% | 16.0% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | 0.0% | 14.0% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 15.8% |
现金转化率AEPLNG
| Q4 25 | 3.00× | 0.89× | ||
| Q3 25 | 2.46× | 1.36× | ||
| Q2 25 | 0.95× | 0.51× | ||
| Q1 25 | 1.81× | 3.48× | ||
| Q4 24 | 2.59× | 1.68× | ||
| Q3 24 | 2.26× | 1.56× | ||
| Q2 24 | 4.27× | 1.27× | ||
| Q1 24 | 1.43× | 2.48× |
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
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% |
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
