vs
American Electric Power（AEP）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
Block, Inc.的季度营收约是American Electric Power的1.2倍（$6.3B vs $5.1B），American Electric Power净利率更高（12.0% vs 1.9%，领先10.1%），American Electric Power同比增速更快（6.2% vs 3.6%），过去两年Block, Inc.的营收复合增速更高（2.4% 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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
AEP vs XYZ — 直观对比
营收规模更大
XYZ
是对方的1.2倍
$5.1B
营收增速更快
AEP
高出2.6%
3.6%
净利率更高
AEP
高出10.1%
1.9%
两年增速更快
XYZ
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $6.3B |
| 净利润 | $605.2M | $115.8M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 22.1% | 7.8% |
| 净利率 | 12.0% | 1.9% |
| 营收同比 | 6.2% | 3.6% |
| 净利润同比 | -9.1% | -94.1% |
| 每股收益（稀释后） | $1.06 | $0.19 |
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AEPXYZ
| Q4 25 | $5.1B | $6.3B | ||
| Q3 25 | $6.0B | $6.1B | ||
| Q2 25 | $5.1B | $6.1B | ||
| Q1 25 | $5.6B | $5.8B | ||
| Q4 24 | $4.8B | $6.0B | ||
| Q3 24 | $5.5B | $6.0B | ||
| Q2 24 | $4.7B | $6.2B | ||
| Q1 24 | $5.1B | $6.0B |
净利润AEPXYZ
| Q4 25 | $605.2M | $115.8M | ||
| Q3 25 | $1.0B | $461.5M | ||
| Q2 25 | $1.3B | $538.5M | ||
| Q1 25 | $802.2M | $189.9M | ||
| Q4 24 | $665.9M | $1.9B | ||
| Q3 24 | $961.7M | $283.8M | ||
| Q2 24 | $342.5M | $195.3M | ||
| Q1 24 | $1.0B | $472.0M |
毛利率AEPXYZ
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
营业利润率AEPXYZ
| Q4 25 | 22.1% | 7.8% | ||
| Q3 25 | 25.5% | 6.7% | ||
| Q2 25 | 27.7% | 8.0% | ||
| Q1 25 | 22.8% | 5.7% | ||
| Q4 24 | 23.0% | 0.2% | ||
| Q3 24 | 24.7% | 5.4% | ||
| Q2 24 | 14.7% | 5.0% | ||
| Q1 24 | 23.1% | 4.2% |
净利率AEPXYZ
| Q4 25 | 12.0% | 1.9% | ||
| Q3 25 | 16.8% | 7.5% | ||
| Q2 25 | 25.5% | 8.9% | ||
| Q1 25 | 14.2% | 3.3% | ||
| Q4 24 | 14.0% | 32.3% | ||
| Q3 24 | 17.6% | 4.7% | ||
| Q2 24 | 7.4% | 3.2% | ||
| Q1 24 | 19.8% | 7.9% |
每股收益（稀释后）AEPXYZ
| Q4 25 | $1.06 | $0.19 | ||
| Q3 25 | $1.81 | $0.74 | ||
| Q2 25 | $2.29 | $0.87 | ||
| Q1 25 | $1.50 | $0.30 | ||
| Q4 24 | $1.24 | $3.06 | ||
| Q3 24 | $1.80 | $0.45 | ||
| Q2 24 | $0.64 | $0.31 | ||
| Q1 24 | $1.90 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | $47.3B | — |
| 股东权益账面价值 | $31.1B | $22.2B |
| 总资产 | $114.5B | $39.5B |
| 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AEPXYZ
| Q4 25 | $417.0M | $6.6B | ||
| Q3 25 | $1.3B | $8.3B | ||
| Q2 25 | $439.3M | $6.4B | ||
| Q1 25 | $463.6M | $7.1B | ||
| Q4 24 | $418.3M | $8.1B | ||
| Q3 24 | $474.4M | $8.3B | ||
| Q2 24 | $428.2M | $7.8B | ||
| Q1 24 | $447.7M | $5.8B |
总债务AEPXYZ
| Q4 25 | $47.3B | — | ||
| Q3 25 | $46.1B | $7.3B | ||
| Q2 25 | $44.5B | $5.1B | ||
| Q1 25 | $43.0B | $5.1B | ||
| Q4 24 | $42.6B | $6.1B | ||
| Q3 24 | $42.0B | $6.1B | ||
| Q2 24 | $42.1B | $6.1B | ||
| Q1 24 | $39.8B | $4.1B |
股东权益AEPXYZ
| Q4 25 | $31.1B | $22.2B | ||
| Q3 25 | $30.4B | $22.5B | ||
| Q2 25 | $29.9B | $22.2B | ||
| Q1 25 | $27.3B | $21.5B | ||
| Q4 24 | $26.9B | $21.3B | ||
| Q3 24 | $26.6B | $19.9B | ||
| Q2 24 | $26.1B | $19.3B | ||
| Q1 24 | $25.8B | $19.0B |
总资产AEPXYZ
| Q4 25 | $114.5B | $39.5B | ||
| Q3 25 | $110.3B | $39.2B | ||
| Q2 25 | $107.8B | $36.9B | ||
| Q1 25 | $104.4B | $36.4B | ||
| Q4 24 | $103.1B | $36.8B | ||
| Q3 24 | $100.1B | $36.4B | ||
| Q2 24 | $99.6B | $37.5B | ||
| Q1 24 | $97.7B | $35.6B |
负债/权益比AEPXYZ
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.52× | 0.32× | ||
| Q2 25 | 1.49× | 0.23× | ||
| Q1 25 | 1.57× | 0.24× | ||
| Q4 24 | 1.58× | 0.29× | ||
| Q3 24 | 1.58× | 0.31× | ||
| Q2 24 | 1.61× | 0.32× | ||
| Q1 24 | 1.54× | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | — | $579.8M |
| 自由现金流率自由现金流/营收 | — | 9.3% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 3.00× | 5.36× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流AEPXYZ
| Q4 25 | $1.8B | $621.0M | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $1.2B | $374.3M | ||
| Q1 25 | $1.4B | $133.3M | ||
| Q4 24 | $1.7B | $13.8M | ||
| Q3 24 | $2.2B | $684.8M | ||
| Q2 24 | $1.5B | $519.4M | ||
| Q1 24 | $1.4B | $489.4M |
自由现金流AEPXYZ
| Q4 25 | — | $579.8M | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $101.5M | ||
| Q4 24 | — | $-13.2M | ||
| Q3 24 | — | $628.2M | ||
| Q2 24 | — | $481.0M | ||
| Q1 24 | — | $457.4M |
自由现金流率AEPXYZ
| Q4 25 | — | 9.3% | ||
| Q3 25 | 36.3% | 22.9% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 7.7% |
资本支出强度AEPXYZ
| Q4 25 | — | 0.7% | ||
| Q3 25 | 5.0% | 0.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
现金转化率AEPXYZ
| Q4 25 | 3.00× | 5.36× | ||
| Q3 25 | 2.46× | 3.14× | ||
| Q2 25 | 0.95× | 0.70× | ||
| Q1 25 | 1.81× | 0.70× | ||
| Q4 24 | 2.59× | 0.01× | ||
| Q3 24 | 2.26× | 2.41× | ||
| Q2 24 | 4.27× | 2.66× | ||
| Q1 24 | 1.43× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
