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American Electric Power（AEP）与泰科电子（TEL）财务数据对比。点击上方公司名可切换其他公司
American Electric Power的季度营收约是泰科电子的1.1倍（$5.1B vs $4.7B），泰科电子净利率更高（16.1% vs 12.0%，领先4.1%），泰科电子同比增速更快（21.7% vs 6.2%），过去两年泰科电子的营收复合增速更高（8.5% 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。
TE Connectivity（泰科电子）是一家注册地涵盖美国与爱尔兰的科技企业，专注于电气及电子元器件的设计与制造，产品广泛应用于汽车、航空航天、国防、医疗、能源等多个行业，可为不同领域客户提供高性能连接解决方案。
AEP vs TEL — 直观对比
营收规模更大
AEP
是对方的1.1倍
$4.7B
营收增速更快
TEL
高出15.5%
6.2%
净利率更高
TEL
高出4.1%
12.0%
两年增速更快
TEL
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $4.7B |
| 净利润 | $605.2M | $750.0M |
| 毛利率 | — | 37.2% |
| 营业利润率 | 22.1% | 20.6% |
| 净利率 | 12.0% | 16.1% |
| 营收同比 | 6.2% | 21.7% |
| 净利润同比 | -9.1% | 42.0% |
| 每股收益（稀释后） | $1.06 | $2.53 |
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AEPTEL
| Q4 25 | $5.1B | $4.7B | ||
| Q3 25 | $6.0B | $4.7B | ||
| Q2 25 | $5.1B | $4.5B | ||
| Q1 25 | $5.6B | $4.1B | ||
| Q4 24 | $4.8B | $3.8B | ||
| Q3 24 | $5.5B | $4.1B | ||
| Q2 24 | $4.7B | $4.0B | ||
| Q1 24 | $5.1B | $4.0B |
净利润AEPTEL
| Q4 25 | $605.2M | $750.0M | ||
| Q3 25 | $1.0B | $663.0M | ||
| Q2 25 | $1.3B | $638.0M | ||
| Q1 25 | $802.2M | $13.0M | ||
| Q4 24 | $665.9M | $528.0M | ||
| Q3 24 | $961.7M | $276.0M | ||
| Q2 24 | $342.5M | $573.0M | ||
| Q1 24 | $1.0B | $541.0M |
毛利率AEPTEL
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 34.4% |
营业利润率AEPTEL
| Q4 25 | 22.1% | 20.6% | ||
| Q3 25 | 25.5% | 19.3% | ||
| Q2 25 | 27.7% | 18.9% | ||
| Q1 25 | 22.8% | 18.1% | ||
| Q4 24 | 23.0% | 18.0% | ||
| Q3 24 | 24.7% | 16.0% | ||
| Q2 24 | 14.7% | 19.0% | ||
| Q1 24 | 23.1% | 17.4% |
净利率AEPTEL
| Q4 25 | 12.0% | 16.1% | ||
| Q3 25 | 16.8% | 14.0% | ||
| Q2 25 | 25.5% | 14.1% | ||
| Q1 25 | 14.2% | 0.3% | ||
| Q4 24 | 14.0% | 13.8% | ||
| Q3 24 | 17.6% | 6.8% | ||
| Q2 24 | 7.4% | 14.4% | ||
| Q1 24 | 19.8% | 13.6% |
每股收益（稀释后）AEPTEL
| Q4 25 | $1.06 | $2.53 | ||
| Q3 25 | $1.81 | $2.23 | ||
| Q2 25 | $2.29 | $2.14 | ||
| Q1 25 | $1.50 | $0.04 | ||
| Q4 24 | $1.24 | $1.75 | ||
| Q3 24 | $1.80 | $0.96 | ||
| Q2 24 | $0.64 | $1.86 | ||
| Q1 24 | $1.90 | $1.75 |
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 | $1.3B |
| 总债务越低越好 | $47.3B | — |
| 股东权益账面价值 | $31.1B | $13.0B |
| 总资产 | $114.5B | $25.6B |
| 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AEPTEL
| Q4 25 | $417.0M | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $439.3M | $672.0M | ||
| Q1 25 | $463.6M | $2.6B | ||
| Q4 24 | $418.3M | $1.3B | ||
| Q3 24 | $474.4M | $1.3B | ||
| Q2 24 | $428.2M | $1.5B | ||
| Q1 24 | $447.7M | $1.2B |
总债务AEPTEL
| 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AEPTEL
| Q4 25 | $31.1B | $13.0B | ||
| Q3 25 | $30.4B | $12.6B | ||
| Q2 25 | $29.9B | $12.4B | ||
| Q1 25 | $27.3B | $12.1B | ||
| Q4 24 | $26.9B | $12.4B | ||
| Q3 24 | $26.6B | $12.4B | ||
| Q2 24 | $26.1B | $12.6B | ||
| Q1 24 | $25.8B | $12.4B |
总资产AEPTEL
| Q4 25 | $114.5B | $25.6B | ||
| Q3 25 | $110.3B | $25.1B | ||
| Q2 25 | $107.8B | $24.9B | ||
| Q1 25 | $104.4B | $23.7B | ||
| Q4 24 | $103.1B | $22.4B | ||
| Q3 24 | $100.1B | $22.9B | ||
| Q2 24 | $99.6B | $22.9B | ||
| Q1 24 | $97.7B | $22.8B |
负债/权益比AEPTEL
| 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 | $865.0M |
| 自由现金流经营现金流 - 资本支出 | — | $607.0M |
| 自由现金流率自由现金流/营收 | — | 13.0% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 3.00× | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $3.1B |
8季度趋势，按日历期对齐
经营现金流AEPTEL
| Q4 25 | $1.8B | $865.0M | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.4B | $653.0M | ||
| Q4 24 | $1.7B | $878.0M | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.4B | $710.0M |
自由现金流AEPTEL
| Q4 25 | — | $607.0M | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | — | $957.0M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | — | $857.0M | ||
| Q1 24 | — | $543.0M |
自由现金流率AEPTEL
| Q4 25 | — | 13.0% | ||
| Q3 25 | 36.3% | 24.2% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | — | 13.7% |
资本支出强度AEPTEL
| Q4 25 | — | 5.5% | ||
| Q3 25 | 5.0% | 5.7% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 0.0% | 5.2% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 4.2% |
现金转化率AEPTEL
| Q4 25 | 3.00× | 1.15× | ||
| Q3 25 | 2.46× | 2.14× | ||
| Q2 25 | 0.95× | 1.86× | ||
| Q1 25 | 1.81× | 50.23× | ||
| Q4 24 | 2.59× | 1.66× | ||
| Q3 24 | 2.26× | 3.78× | ||
| Q2 24 | 4.27× | 1.76× | ||
| Q1 24 | 1.43× | 1.31× |
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% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
