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American Electric Power（AEP）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.9倍（$5.1B vs $2.7B），American Electric Power净利率更高（12.0% vs -1.4%，领先13.4%），American Electric Power同比增速更快（6.2% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
AEP vs QVCGA — 直观对比
营收规模更大
AEP
是对方的1.9倍
$2.7B
营收增速更快
AEP
高出15.3%
-9.1%
净利率更高
AEP
高出13.4%
-1.4%
两年增速更快
QVCGA
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $2.7B |
| 净利润 | $605.2M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | 22.1% | 3.7% |
| 净利率 | 12.0% | -1.4% |
| 营收同比 | 6.2% | -9.1% |
| 净利润同比 | -9.1% | 97.1% |
| 每股收益（稀释后） | $1.06 | $-17.37 |
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AEPQVCGA
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $6.0B | $2.2B | ||
| Q2 25 | $5.1B | $2.2B | ||
| Q1 25 | $5.6B | $2.1B | ||
| Q4 24 | $4.8B | $2.9B | ||
| Q3 24 | $5.5B | $2.3B | ||
| Q2 24 | $4.7B | $2.4B | ||
| Q1 24 | $5.1B | $2.3B |
净利润AEPQVCGA
| Q4 25 | $605.2M | $-37.0M | ||
| Q3 25 | $1.0B | $-80.0M | ||
| Q2 25 | $1.3B | $-2.2B | ||
| Q1 25 | $802.2M | $-100.0M | ||
| Q4 24 | $665.9M | $-1.3B | ||
| Q3 24 | $961.7M | $-23.0M | ||
| Q2 24 | $342.5M | $20.0M | ||
| Q1 24 | $1.0B | $-1.0M |
毛利率AEPQVCGA
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 35.5% |
营业利润率AEPQVCGA
| Q4 25 | 22.1% | 3.7% | ||
| Q3 25 | 25.5% | 2.7% | ||
| Q2 25 | 27.7% | -101.6% | ||
| Q1 25 | 22.8% | 0.7% | ||
| Q4 24 | 23.0% | -43.2% | ||
| Q3 24 | 24.7% | 6.5% | ||
| Q2 24 | 14.7% | 6.9% | ||
| Q1 24 | 23.1% | 6.2% |
净利率AEPQVCGA
| Q4 25 | 12.0% | -1.4% | ||
| Q3 25 | 16.8% | -3.6% | ||
| Q2 25 | 25.5% | -99.4% | ||
| Q1 25 | 14.2% | -4.8% | ||
| Q4 24 | 14.0% | -43.7% | ||
| Q3 24 | 17.6% | -1.0% | ||
| Q2 24 | 7.4% | 0.8% | ||
| Q1 24 | 19.8% | -0.0% |
每股收益（稀释后）AEPQVCGA
| Q4 25 | $1.06 | $-17.37 | ||
| Q3 25 | $1.81 | $-9.89 | ||
| Q2 25 | $2.29 | $-275.46 | ||
| Q1 25 | $1.50 | $-0.25 | ||
| Q4 24 | $1.24 | — | ||
| Q3 24 | $1.80 | $-0.06 | ||
| Q2 24 | $0.64 | $2.57 | ||
| Q1 24 | $1.90 | — |
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 | $2.0B |
| 总债务越低越好 | $47.3B | $790.0M |
| 股东权益账面价值 | $31.1B | $-3.1B |
| 总资产 | $114.5B | $7.6B |
| 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AEPQVCGA
| Q4 25 | $417.0M | $2.0B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $439.3M | $897.0M | ||
| Q1 25 | $463.6M | $833.0M | ||
| Q4 24 | $418.3M | $905.0M | ||
| Q3 24 | $474.4M | $873.0M | ||
| Q2 24 | $428.2M | $1.2B | ||
| Q1 24 | $447.7M | $1.1B |
总债务AEPQVCGA
| Q4 25 | $47.3B | $790.0M | ||
| Q3 25 | $46.1B | $5.9B | ||
| Q2 25 | $44.5B | $4.9B | ||
| Q1 25 | $43.0B | $5.0B | ||
| Q4 24 | $42.6B | $4.1B | ||
| Q3 24 | $42.0B | $5.1B | ||
| Q2 24 | $42.1B | $5.3B | ||
| Q1 24 | $39.8B | $5.5B |
股东权益AEPQVCGA
| Q4 25 | $31.1B | $-3.1B | ||
| Q3 25 | $30.4B | $-3.1B | ||
| Q2 25 | $29.9B | $-3.0B | ||
| Q1 25 | $27.3B | $-981.0M | ||
| Q4 24 | $26.9B | $-971.0M | ||
| Q3 24 | $26.6B | $397.0M | ||
| Q2 24 | $26.1B | $328.0M | ||
| Q1 24 | $25.8B | $255.0M |
总资产AEPQVCGA
| Q4 25 | $114.5B | $7.6B | ||
| Q3 25 | $110.3B | $7.6B | ||
| Q2 25 | $107.8B | $6.7B | ||
| Q1 25 | $104.4B | $9.0B | ||
| Q4 24 | $103.1B | $9.2B | ||
| Q3 24 | $100.1B | $10.8B | ||
| Q2 24 | $99.6B | $10.9B | ||
| Q1 24 | $97.7B | $11.0B |
负债/权益比AEPQVCGA
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.58× | 12.74× | ||
| Q2 24 | 1.61× | 16.28× | ||
| Q1 24 | 1.54× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | — | $191.0M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | — | $118.0M |
8季度趋势，按日历期对齐
经营现金流AEPQVCGA
| Q4 25 | $1.8B | $244.0M | ||
| Q3 25 | $2.5B | $4.0M | ||
| Q2 25 | $1.2B | $86.0M | ||
| Q1 25 | $1.4B | $-60.0M | ||
| Q4 24 | $1.7B | $212.0M | ||
| Q3 24 | $2.2B | $20.0M | ||
| Q2 24 | $1.5B | $267.0M | ||
| Q1 24 | $1.4B | $26.0M |
自由现金流AEPQVCGA
| Q4 25 | — | $191.0M | ||
| Q3 25 | $2.2B | $-27.0M | ||
| Q2 25 | — | $48.0M | ||
| Q1 25 | — | $-94.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $213.0M | ||
| Q1 24 | — | $-14.0M |
自由现金流率AEPQVCGA
| Q4 25 | — | 7.1% | ||
| Q3 25 | 36.3% | -1.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -4.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -1.0% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -0.6% |
资本支出强度AEPQVCGA
| Q4 25 | — | 2.0% | ||
| Q3 25 | 5.0% | 1.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 0.0% | 1.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.7% |
现金转化率AEPQVCGA
| Q4 25 | 3.00× | — | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 2.59× | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 4.27× | 13.35× | ||
| Q1 24 | 1.43× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
