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American Electric Power（AEP）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是American Electric Power的1.5倍（$7.7B vs $5.1B），American Electric Power净利率更高（12.0% vs 0.8%，领先11.2%），American Electric Power同比增速更快（6.2% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
AEP vs SW — 直观对比
营收规模更大
SW
是对方的1.5倍
$5.1B
营收增速更快
AEP
高出5.5%
0.7%
净利率更高
AEP
高出11.2%
0.8%
两年增速更快
SW
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $7.7B |
| 净利润 | $605.2M | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 22.1% | 3.3% |
| 净利率 | 12.0% | 0.8% |
| 营收同比 | 6.2% | 0.7% |
| 净利润同比 | -9.1% | 0.0% |
| 每股收益（稀释后） | $1.06 | $0.12 |
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AEPSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $5.1B | $7.6B | ||
| Q3 25 | $6.0B | $8.0B | ||
| Q2 25 | $5.1B | $7.9B | ||
| Q1 25 | $5.6B | $7.7B | ||
| Q4 24 | $4.8B | $7.5B | ||
| Q3 24 | $5.5B | $7.7B | ||
| Q2 24 | $4.7B | $3.0B |
净利润AEPSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $605.2M | $97.0M | ||
| Q3 25 | $1.0B | $246.0M | ||
| Q2 25 | $1.3B | $-28.0M | ||
| Q1 25 | $802.2M | $384.0M | ||
| Q4 24 | $665.9M | $146.0M | ||
| Q3 24 | $961.7M | $-150.0M | ||
| Q2 24 | $342.5M | $132.0M |
毛利率AEPSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率AEPSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 22.1% | 5.1% | ||
| Q3 25 | 25.5% | 6.6% | ||
| Q2 25 | 27.7% | 3.2% | ||
| Q1 25 | 22.8% | 7.2% | ||
| Q4 24 | 23.0% | 5.3% | ||
| Q3 24 | 24.7% | 0.7% | ||
| Q2 24 | 14.7% | 8.2% |
净利率AEPSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 12.0% | 1.3% | ||
| Q3 25 | 16.8% | 3.1% | ||
| Q2 25 | 25.5% | -0.4% | ||
| Q1 25 | 14.2% | 5.0% | ||
| Q4 24 | 14.0% | 1.9% | ||
| Q3 24 | 17.6% | -2.0% | ||
| Q2 24 | 7.4% | 4.4% |
每股收益（稀释后）AEPSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.06 | $0.18 | ||
| Q3 25 | $1.81 | $0.47 | ||
| Q2 25 | $2.29 | $-0.05 | ||
| Q1 25 | $1.50 | $0.73 | ||
| Q4 24 | $1.24 | $-0.12 | ||
| Q3 24 | $1.80 | $-0.30 | ||
| Q2 24 | $0.64 | $0.51 |
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 | — |
| 总债务越低越好 | $47.3B | $980.0M |
| 股东权益账面价值 | $31.1B | $18.1B |
| 总资产 | $114.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.52× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AEPSW
| Q1 26 | — | — | ||
| Q4 25 | $417.0M | $892.0M | ||
| Q3 25 | $1.3B | $851.0M | ||
| Q2 25 | $439.3M | $778.0M | ||
| Q1 25 | $463.6M | $797.0M | ||
| Q4 24 | $418.3M | $855.0M | ||
| Q3 24 | $474.4M | — | ||
| Q2 24 | $428.2M | $26.8K |
总债务AEPSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $47.3B | $13.4B | ||
| Q3 25 | $46.1B | $13.3B | ||
| Q2 25 | $44.5B | $13.3B | ||
| Q1 25 | $43.0B | $12.9B | ||
| Q4 24 | $42.6B | $12.5B | ||
| Q3 24 | $42.0B | $13.2B | ||
| Q2 24 | $42.1B | — |
股东权益AEPSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $31.1B | $18.3B | ||
| Q3 25 | $30.4B | $18.4B | ||
| Q2 25 | $29.9B | $18.3B | ||
| Q1 25 | $27.3B | $17.9B | ||
| Q4 24 | $26.9B | $17.4B | ||
| Q3 24 | $26.6B | $18.0B | ||
| Q2 24 | $26.1B | $14.5K |
总资产AEPSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $114.5B | $45.2B | ||
| Q3 25 | $110.3B | $45.6B | ||
| Q2 25 | $107.8B | $45.7B | ||
| Q1 25 | $104.4B | $44.6B | ||
| Q4 24 | $103.1B | $43.8B | ||
| Q3 24 | $100.1B | $45.0B | ||
| Q2 24 | $99.6B | $26.8K |
负债/权益比AEPSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 1.52× | 0.73× | ||
| Q3 25 | 1.52× | 0.72× | ||
| Q2 25 | 1.49× | 0.73× | ||
| Q1 25 | 1.57× | 0.72× | ||
| Q4 24 | 1.58× | 0.72× | ||
| Q3 24 | 1.58× | 0.73× | ||
| Q2 24 | 1.61× | — |
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 | $204.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.00× | 3.24× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AEPSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $1.2B | $829.0M | ||
| Q1 25 | $1.4B | $235.0M | ||
| Q4 24 | $1.7B | $781.0M | ||
| Q3 24 | $2.2B | $320.0M | ||
| Q2 24 | $1.5B | $340.0M |
自由现金流AEPSW
| Q1 26 | — | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | $2.2B | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M |
自由现金流率AEPSW
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 36.3% | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% |
资本支出强度AEPSW
| Q1 26 | — | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | 5.0% | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 0.0% | 6.7% | ||
| Q2 24 | — | 6.0% |
现金转化率AEPSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 3.00× | 12.32× | ||
| Q3 25 | 2.46× | 4.61× | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.81× | 0.61× | ||
| Q4 24 | 2.59× | 5.35× | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 4.27× | 2.58× |
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% |
SW
暂无分部数据
