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American Electric Power（AEP）与OPAL Fuels Inc.（OPAL）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OPAL Fuels Inc.的57.1倍（$5.1B vs $88.4M）。OPAL Fuels Inc.净利率更高（18.3% vs 12.0%，领先6.3%）。OPAL Fuels Inc.同比增速更快（18.7% vs 6.2%）。过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% 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。
OPAL Fuels Inc.是一家北美能源企业，专注于生产和分销低碳可再生天然气（RNG）。公司从垃圾填埋场、奶牛场等有机废物流中收集甲烷，产出的可再生天然气主要供应给重型运输车队、商业物流运营商及公共交通实体，助力降低碳排放。
AEP vs OPAL — 直观对比
营收规模更大
AEP
是对方的57.1倍
$88.4M
营收增速更快
OPAL
高出12.5%
6.2%
净利率更高
OPAL
高出6.3%
12.0%
两年增速更快
OPAL
近两年复合增速
-0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $88.4M |
| 净利润 | $605.2M | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | 22.1% | 7.5% |
| 净利率 | 12.0% | 18.3% |
| 营收同比 | 6.2% | 18.7% |
| 净利润同比 | -9.1% | 401.5% |
| 每股收益（稀释后） | $1.06 | $0.08 |
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AEPOPAL
| Q4 25 | $5.1B | $88.4M | ||
| Q3 25 | $6.0B | $77.9M | ||
| Q2 25 | $5.1B | $77.4M | ||
| Q1 25 | $5.6B | $83.0M | ||
| Q4 24 | $4.8B | $74.5M | ||
| Q3 24 | $5.5B | $82.6M | ||
| Q2 24 | $4.7B | $69.8M | ||
| Q1 24 | $5.1B | $64.0M |
净利润AEPOPAL
| Q4 25 | $605.2M | $16.2M | ||
| Q3 25 | $1.0B | $11.4M | ||
| Q2 25 | $1.3B | $7.6M | ||
| Q1 25 | $802.2M | $1.3M | ||
| Q4 24 | $665.9M | $-5.4M | ||
| Q3 24 | $961.7M | $17.1M | ||
| Q2 24 | $342.5M | $1.9M | ||
| Q1 24 | $1.0B | $677.0K |
营业利润率AEPOPAL
| Q4 25 | 22.1% | 7.5% | ||
| Q3 25 | 25.5% | 4.6% | ||
| Q2 25 | 27.7% | -1.1% | ||
| Q1 25 | 22.8% | -2.3% | ||
| Q4 24 | 23.0% | -0.5% | ||
| Q3 24 | 24.7% | 14.9% | ||
| Q2 24 | 14.7% | 8.1% | ||
| Q1 24 | 23.1% | 5.6% |
净利率AEPOPAL
| Q4 25 | 12.0% | 18.3% | ||
| Q3 25 | 16.8% | 14.6% | ||
| Q2 25 | 25.5% | 9.8% | ||
| Q1 25 | 14.2% | 1.5% | ||
| Q4 24 | 14.0% | -7.2% | ||
| Q3 24 | 17.6% | 20.7% | ||
| Q2 24 | 7.4% | 2.7% | ||
| Q1 24 | 19.8% | 1.1% |
每股收益（稀释后）AEPOPAL
| Q4 25 | $1.06 | $0.08 | ||
| Q3 25 | $1.81 | $0.05 | ||
| Q2 25 | $2.29 | $0.03 | ||
| Q1 25 | $1.50 | $-0.01 | ||
| Q4 24 | $1.24 | $-0.05 | ||
| Q3 24 | $1.80 | $0.09 | ||
| Q2 24 | $0.64 | $-0.01 | ||
| Q1 24 | $1.90 | $-0.01 |
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 | $24.4M |
| 总债务越低越好 | $47.3B | $361.3M |
| 股东权益账面价值 | $31.1B | $-12.9M |
| 总资产 | $114.5B | $959.5M |
| 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AEPOPAL
| Q4 25 | $417.0M | $24.4M | ||
| Q3 25 | $1.3B | $29.9M | ||
| Q2 25 | $439.3M | $29.3M | ||
| Q1 25 | $463.6M | $40.1M | ||
| Q4 24 | $418.3M | $24.3M | ||
| Q3 24 | $474.4M | $31.0M | ||
| Q2 24 | $428.2M | $27.6M | ||
| Q1 24 | $447.7M | $34.2M |
总债务AEPOPAL
| Q4 25 | $47.3B | $361.3M | ||
| Q3 25 | $46.1B | $351.2M | ||
| Q2 25 | $44.5B | $331.6M | ||
| Q1 25 | $43.0B | $307.0M | ||
| Q4 24 | $42.6B | $307.5M | ||
| Q3 24 | $42.0B | $252.9M | ||
| Q2 24 | $42.1B | $233.3M | ||
| Q1 24 | $39.8B | $208.7M |
股东权益AEPOPAL
| Q4 25 | $31.1B | $-12.9M | ||
| Q3 25 | $30.4B | $7.5M | ||
| Q2 25 | $29.9B | $-25.0M | ||
| Q1 25 | $27.3B | $57.1M | ||
| Q4 24 | $26.9B | $-148.4M | ||
| Q3 24 | $26.6B | $-180.1M | ||
| Q2 24 | $26.1B | $-273.0M | ||
| Q1 24 | $25.8B | $-382.4M |
总资产AEPOPAL
| Q4 25 | $114.5B | $959.5M | ||
| Q3 25 | $110.3B | $916.7M | ||
| Q2 25 | $107.8B | $905.5M | ||
| Q1 25 | $104.4B | $884.9M | ||
| Q4 24 | $103.1B | $881.1M | ||
| Q3 24 | $100.1B | $831.1M | ||
| Q2 24 | $99.6B | $782.3M | ||
| Q1 24 | $97.7B | $750.5M |
负债/权益比AEPOPAL
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.52× | 46.95× | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.57× | 5.38× | ||
| 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 | $-3.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-13.4M |
| 自由现金流率自由现金流/营收 | — | -15.1% |
| 资本支出强度资本支出/营收 | — | 11.1% |
| 现金转化率经营现金流/净利润 | 3.00× | -0.22× |
| 过去12个月自由现金流最近4个季度 | — | $-34.2M |
8季度趋势，按日历期对齐
经营现金流AEPOPAL
| Q4 25 | $1.8B | $-3.5M | ||
| Q3 25 | $2.5B | $18.2M | ||
| Q2 25 | $1.2B | $-7.9M | ||
| Q1 25 | $1.4B | $29.7M | ||
| Q4 24 | $1.7B | $-532.0K | ||
| Q3 24 | $2.2B | $17.7M | ||
| Q2 24 | $1.5B | $533.0K | ||
| Q1 24 | $1.4B | $13.7M |
自由现金流AEPOPAL
| Q4 25 | — | $-13.4M | ||
| Q3 25 | $2.2B | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-22.5M | ||
| Q1 24 | — | $-13.0M |
自由现金流率AEPOPAL
| Q4 25 | — | -15.1% | ||
| Q3 25 | 36.3% | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | -32.2% | ||
| Q1 24 | — | -20.4% |
资本支出强度AEPOPAL
| Q4 25 | — | 11.1% | ||
| Q3 25 | 5.0% | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 73.1% | ||
| Q3 24 | 0.0% | 27.9% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 41.8% |
现金转化率AEPOPAL
| Q4 25 | 3.00× | -0.22× | ||
| Q3 25 | 2.46× | 1.60× | ||
| Q2 25 | 0.95× | -1.04× | ||
| Q1 25 | 1.81× | 23.11× | ||
| Q4 24 | 2.59× | — | ||
| Q3 24 | 2.26× | 1.03× | ||
| Q2 24 | 4.27× | 0.28× | ||
| Q1 24 | 1.43× | 20.26× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
