vs
AES Corporation（AES）与CDW Corporation（CDW）财务数据对比。点击上方公司名可切换其他公司
CDW Corporation的季度营收约是AES Corporation的1.8倍（$5.5B vs $3.1B），CDW Corporation同比增速更快（6.3% vs 4.7%），CDW Corporation自由现金流更多（$395.9M vs $-47.0M），过去两年CDW Corporation的营收复合增速更高（6.3% vs 0.3%）
AES公司是美国知名公用事业及发电企业，总部位于弗吉尼亚州阿灵顿，位列《财富》全球500强。集团在全球15个国家运营电力生产及分销业务，持有并运营多座发电厂，向终端用户、公用事业机构、工业设施等客户售电，全球员工总数达10500人。
CDW公司是美国多品牌信息技术服务提供商，服务覆盖美国、英国、加拿大三国的商业、政府、教育、医疗领域，总部位于伊利诺伊州弗农希尔斯，位列《财富》500强，2023年全年净销售额达210亿美元。
AES vs CDW — 直观对比
营收规模更大
CDW
是对方的1.8倍
$3.1B
营收增速更快
CDW
高出1.6%
4.7%
自由现金流更多
CDW
多$442.9M
$-47.0M
两年增速更快
CDW
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $5.5B |
| 净利润 | $320.0M | — |
| 毛利率 | 18.8% | 22.8% |
| 营业利润率 | -8.7% | 7.8% |
| 净利率 | 10.3% | — |
| 营收同比 | 4.7% | 6.3% |
| 净利润同比 | -42.9% | — |
| 每股收益（稀释后） | $0.45 | $2.13 |
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AESCDW
| Q4 25 | $3.1B | $5.5B | ||
| Q3 25 | $3.4B | $5.7B | ||
| Q2 25 | $2.9B | $6.0B | ||
| Q1 25 | $2.9B | $5.2B | ||
| Q4 24 | $3.0B | $5.2B | ||
| Q3 24 | $3.3B | $5.5B | ||
| Q2 24 | $2.9B | $5.4B | ||
| Q1 24 | $3.1B | $4.9B |
净利润AESCDW
| Q4 25 | $320.0M | — | ||
| Q3 25 | $639.0M | $291.0M | ||
| Q2 25 | $-95.0M | $271.2M | ||
| Q1 25 | $46.0M | $224.9M | ||
| Q4 24 | $560.0M | — | ||
| Q3 24 | $502.0M | $316.4M | ||
| Q2 24 | $185.0M | $281.1M | ||
| Q1 24 | $432.0M | $216.1M |
毛利率AESCDW
| Q4 25 | 18.8% | 22.8% | ||
| Q3 25 | 21.9% | 21.9% | ||
| Q2 25 | 15.9% | 20.8% | ||
| Q1 25 | 15.1% | 21.6% | ||
| Q4 24 | 14.2% | 22.3% | ||
| Q3 24 | 22.0% | 21.8% | ||
| Q2 24 | 18.8% | 21.8% | ||
| Q1 24 | 20.1% | 21.8% |
营业利润率AESCDW
| Q4 25 | -8.7% | 7.8% | ||
| Q3 25 | 9.8% | 7.7% | ||
| Q2 25 | 1.4% | 7.0% | ||
| Q1 25 | -0.8% | 7.0% | ||
| Q4 24 | 12.3% | 7.9% | ||
| Q3 24 | 10.0% | 8.7% | ||
| Q2 24 | -2.6% | 8.0% | ||
| Q1 24 | 9.0% | 6.7% |
净利率AESCDW
| Q4 25 | 10.3% | — | ||
| Q3 25 | 19.1% | 5.1% | ||
| Q2 25 | -3.3% | 4.5% | ||
| Q1 25 | 1.6% | 4.3% | ||
| Q4 24 | 18.9% | — | ||
| Q3 24 | 15.3% | 5.7% | ||
| Q2 24 | 6.3% | 5.2% | ||
| Q1 24 | 14.0% | 4.4% |
每股收益（稀释后）AESCDW
| Q4 25 | $0.45 | $2.13 | ||
| Q3 25 | $0.89 | $2.21 | ||
| Q2 25 | $-0.15 | $2.05 | ||
| Q1 25 | $0.07 | $1.69 | ||
| Q4 24 | $0.78 | $1.97 | ||
| Q3 24 | $0.71 | $2.34 | ||
| Q2 24 | $0.27 | $2.07 | ||
| Q1 24 | $0.60 | $1.59 |
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 | $1.6B | $618.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.1B | $2.6B |
| 总资产 | $51.8B | $16.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AESCDW
| Q4 25 | $1.6B | $618.7M | ||
| Q3 25 | $1.8B | $452.9M | ||
| Q2 25 | $1.4B | $481.0M | ||
| Q1 25 | $1.8B | $688.1M | ||
| Q4 24 | $1.6B | $717.7M | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.8B | $665.3M | ||
| Q1 24 | $2.4B | $803.8M |
股东权益AESCDW
| Q4 25 | $4.1B | $2.6B | ||
| Q3 25 | $3.9B | $2.5B | ||
| Q2 25 | $3.4B | $2.5B | ||
| Q1 25 | $3.5B | $2.3B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.1B | $2.2B | ||
| Q1 24 | $2.9B | $2.1B |
总资产AESCDW
| Q4 25 | $51.8B | $16.0B | ||
| Q3 25 | $50.8B | $15.2B | ||
| Q2 25 | $48.5B | $15.3B | ||
| Q1 25 | $48.6B | $15.0B | ||
| Q4 24 | $47.4B | $14.7B | ||
| Q3 24 | $50.1B | $14.4B | ||
| Q2 24 | $47.7B | $13.6B | ||
| Q1 24 | $47.0B | $13.2B |
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 | $1.5B | $433.8M |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $395.9M |
| 自由现金流率自由现金流/营收 | -1.5% | 7.2% |
| 资本支出强度资本支出/营收 | 49.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 4.65× | — |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流AESCDW
| Q4 25 | $1.5B | $433.8M | ||
| Q3 25 | $1.3B | $328.3M | ||
| Q2 25 | $976.0M | $155.9M | ||
| Q1 25 | $545.0M | $287.2M | ||
| Q4 24 | $1.1B | $345.3M | ||
| Q3 24 | $985.0M | $342.1M | ||
| Q2 24 | $392.0M | $149.9M | ||
| Q1 24 | $287.0M | $440.0M |
自由现金流AESCDW
| Q4 25 | $-47.0M | $395.9M | ||
| Q3 25 | $-511.0M | $298.5M | ||
| Q2 25 | $-356.0M | $133.4M | ||
| Q1 25 | $-709.0M | $260.3M | ||
| Q4 24 | $-639.0M | $316.7M | ||
| Q3 24 | $-847.0M | $308.5M | ||
| Q2 24 | $-1.3B | $119.0M | ||
| Q1 24 | $-1.9B | $410.5M |
自由现金流率AESCDW
| Q4 25 | -1.5% | 7.2% | ||
| Q3 25 | -15.2% | 5.2% | ||
| Q2 25 | -12.5% | 2.2% | ||
| Q1 25 | -24.2% | 5.0% | ||
| Q4 24 | -21.6% | 6.1% | ||
| Q3 24 | -25.8% | 5.6% | ||
| Q2 24 | -43.9% | 2.2% | ||
| Q1 24 | -60.3% | 8.4% |
资本支出强度AESCDW
| Q4 25 | 49.5% | 0.7% | ||
| Q3 25 | 54.0% | 0.5% | ||
| Q2 25 | 46.7% | 0.4% | ||
| Q1 25 | 42.9% | 0.5% | ||
| Q4 24 | 58.3% | 0.6% | ||
| Q3 24 | 55.7% | 0.6% | ||
| Q2 24 | 57.3% | 0.6% | ||
| Q1 24 | 69.6% | 0.6% |
现金转化率AESCDW
| Q4 25 | 4.65× | — | ||
| Q3 25 | 2.03× | 1.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | 11.85× | 1.28× | ||
| Q4 24 | 1.94× | — | ||
| Q3 24 | 1.96× | 1.08× | ||
| Q2 24 | 2.12× | 0.53× | ||
| Q1 24 | 0.66× | 2.04× |
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
AES
| Electric Distribution | $1.0B | 33% |
| Regulated Revenue | $1.0B | 33% |
| Renewables | $786.0M | 25% |
| AES Andes | $225.0M | 7% |
| Corporate Other And Other | $38.0M | 1% |
| Other Expense | $10.0M | 0% |
CDW
暂无分部数据
