vs
American Electric Power（AEP）与Southwest Gas Holdings, Inc.（SWX）财务数据对比。点击上方公司名可切换其他公司
American Electric Power净利率更高（12.0% vs -8.6%，领先20.6%）。American Electric Power同比增速更快（6.2% vs -162.5%）。过去两年Southwest Gas Holdings, Inc.的营收复合增速更高（NaN% vs NaN%）
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。
西南燃气控股是一家投资者所有的公用事业企业，总部位于美国内华达州拉斯维加斯，主要开展燃气供应等相关公用事业服务，运营体系成熟稳定，在其服务覆盖区域拥有良好的市场口碑与客户基础。
AEP vs SWX — 直观对比
营收规模更大
AEP
是对方的-6.4倍
$-793.4M
营收增速更快
AEP
高出168.7%
-162.5%
净利率更高
AEP
高出20.6%
-8.6%
两年增速更快
SWX
近两年复合增速
-0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $-793.4M |
| 净利润 | $605.2M | $68.4M |
| 毛利率 | — | — |
| 营业利润率 | 22.1% | — |
| 净利率 | 12.0% | -8.6% |
| 营收同比 | 6.2% | -162.5% |
| 净利润同比 | -9.1% | -26.1% |
| 每股收益（稀释后） | $1.06 | $0.94 |
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AEPSWX
| Q4 25 | $5.1B | $-793.4M | ||
| Q3 25 | $6.0B | $316.9M | ||
| Q2 25 | $5.1B | $1.1B | ||
| Q1 25 | $5.6B | $1.3B | ||
| Q4 24 | $4.8B | $1.3B | ||
| Q3 24 | $5.5B | $1.1B | ||
| Q2 24 | $4.7B | $1.2B | ||
| Q1 24 | $5.1B | $1.6B |
净利润AEPSWX
| Q4 25 | $605.2M | $68.4M | ||
| Q3 25 | $1.0B | $270.5M | ||
| Q2 25 | $1.3B | $-12.9M | ||
| Q1 25 | $802.2M | $113.9M | ||
| Q4 24 | $665.9M | $92.5M | ||
| Q3 24 | $961.7M | $289.0K | ||
| Q2 24 | $342.5M | $18.3M | ||
| Q1 24 | $1.0B | $87.7M |
毛利率AEPSWX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 48.8% | ||
| Q3 24 | — | 40.2% | ||
| Q2 24 | — | 48.9% | ||
| Q1 24 | — | 67.4% |
营业利润率AEPSWX
| Q4 25 | 22.1% | — | ||
| Q3 25 | 25.5% | 11.7% | ||
| Q2 25 | 27.7% | 8.5% | ||
| Q1 25 | 22.8% | 15.5% | ||
| Q4 24 | 23.0% | 14.2% | ||
| Q3 24 | 24.7% | 5.7% | ||
| Q2 24 | 14.7% | 7.0% | ||
| Q1 24 | 23.1% | 10.0% |
净利率AEPSWX
| Q4 25 | 12.0% | -8.6% | ||
| Q3 25 | 16.8% | 85.3% | ||
| Q2 25 | 25.5% | -1.1% | ||
| Q1 25 | 14.2% | 8.8% | ||
| Q4 24 | 14.0% | 7.3% | ||
| Q3 24 | 17.6% | 0.0% | ||
| Q2 24 | 7.4% | 1.6% | ||
| Q1 24 | 19.8% | 5.5% |
每股收益（稀释后）AEPSWX
| Q4 25 | $1.06 | $0.94 | ||
| Q3 25 | $1.81 | $3.74 | ||
| Q2 25 | $2.29 | $-0.18 | ||
| Q1 25 | $1.50 | $1.58 | ||
| Q4 24 | $1.24 | $1.29 | ||
| Q3 24 | $1.80 | $0.00 | ||
| Q2 24 | $0.64 | $0.25 | ||
| Q1 24 | $1.90 | $1.22 |
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 | $576.6M |
| 总债务越低越好 | $47.3B | — |
| 股东权益账面价值 | $31.1B | $4.0B |
| 总资产 | $114.5B | $10.4B |
| 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AEPSWX
| Q4 25 | $417.0M | $576.6M | ||
| Q3 25 | $1.3B | $778.6M | ||
| Q2 25 | $439.3M | $355.6M | ||
| Q1 25 | $463.6M | $406.3M | ||
| Q4 24 | $418.3M | $363.8M | ||
| Q3 24 | $474.4M | $456.6M | ||
| Q2 24 | $428.2M | $599.6M | ||
| Q1 24 | $447.7M | $458.0M |
总债务AEPSWX
| Q4 25 | $47.3B | — | ||
| Q3 25 | $46.1B | — | ||
| Q2 25 | $44.5B | — | ||
| Q1 25 | $43.0B | — | ||
| Q4 24 | $42.6B | — | ||
| Q3 24 | $42.0B | — | ||
| Q2 24 | $42.1B | — | ||
| Q1 24 | $39.8B | — |
股东权益AEPSWX
| Q4 25 | $31.1B | $4.0B | ||
| Q3 25 | $30.4B | $3.9B | ||
| Q2 25 | $29.9B | $3.7B | ||
| Q1 25 | $27.3B | $3.6B | ||
| Q4 24 | $26.9B | $3.5B | ||
| Q3 24 | $26.6B | $3.5B | ||
| Q2 24 | $26.1B | $3.5B | ||
| Q1 24 | $25.8B | $3.4B |
总资产AEPSWX
| Q4 25 | $114.5B | $10.4B | ||
| Q3 25 | $110.3B | $10.3B | ||
| Q2 25 | $107.8B | $12.2B | ||
| Q1 25 | $104.4B | $12.1B | ||
| Q4 24 | $103.1B | $12.0B | ||
| Q3 24 | $100.1B | $11.9B | ||
| Q2 24 | $99.6B | $12.0B | ||
| Q1 24 | $97.7B | $11.9B |
负债/权益比AEPSWX
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.57× | — | ||
| 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 | $81.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-155.9M |
| 自由现金流率自由现金流/营收 | — | 19.7% |
| 资本支出强度资本支出/营收 | — | -29.9% |
| 现金转化率经营现金流/净利润 | 3.00× | 1.19× |
| 过去12个月自由现金流最近4个季度 | — | $-251.8M |
8季度趋势，按日历期对齐
经营现金流AEPSWX
| Q4 25 | $1.8B | $81.6M | ||
| Q3 25 | $2.5B | $56.9M | ||
| Q2 25 | $1.2B | $126.3M | ||
| Q1 25 | $1.4B | $291.3M | ||
| Q4 24 | $1.7B | $201.4M | ||
| Q3 24 | $2.2B | $304.1M | ||
| Q2 24 | $1.5B | $306.6M | ||
| Q1 24 | $1.4B | $543.7M |
自由现金流AEPSWX
| Q4 25 | — | $-155.9M | ||
| Q3 25 | $2.2B | $-105.8M | ||
| Q2 25 | — | $-93.8M | ||
| Q1 25 | — | $103.8M | ||
| Q4 24 | — | $-34.7M | ||
| Q3 24 | — | $38.7M | ||
| Q2 24 | — | $83.3M | ||
| Q1 24 | — | $322.5M |
自由现金流率AEPSWX
| Q4 25 | — | 19.7% | ||
| Q3 25 | 36.3% | -33.4% | ||
| Q2 25 | — | -8.4% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 20.4% |
资本支出强度AEPSWX
| Q4 25 | — | -29.9% | ||
| Q3 25 | 5.0% | 51.3% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | 0.0% | 24.6% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 14.0% |
现金转化率AEPSWX
| Q4 25 | 3.00× | 1.19× | ||
| Q3 25 | 2.46× | 0.21× | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.81× | 2.56× | ||
| Q4 24 | 2.59× | 2.18× | ||
| Q3 24 | 2.26× | 1052.08× | ||
| Q2 24 | 4.27× | 16.72× | ||
| Q1 24 | 1.43× | 6.20× |
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% |
SWX
暂无分部数据
