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AES Corporation（AES）与CenterPoint Energy（CNP）财务数据对比。点击上方公司名可切换其他公司
AES Corporation的季度营收约是CenterPoint Energy的1.3倍（$3.1B vs $2.4B）。CenterPoint Energy净利率更高（10.8% vs 10.3%，领先0.5%）。CenterPoint Energy同比增速更快（10.7% vs 4.7%）。AES Corporation自由现金流更多（$-47.0M vs $-707.0M）。过去两年AES Corporation的营收复合增速更高（0.3% vs -3.1%）
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。
CenterPoint Energy是总部位于美国得克萨斯州休斯敦的公用事业企业，位列《财富》美国500强，为印第安纳、俄亥俄、路易斯安那、明尼苏达、密西西比、得克萨斯六州多个区域的用户提供电力及天然气公用事业服务，曾使用Reliant Energy、Houston Industries等名称开展业务。
AES vs CNP — 直观对比
营收规模更大
AES
是对方的1.3倍
$2.4B
营收增速更快
CNP
高出6.0%
4.7%
净利率更高
CNP
高出0.5%
10.3%
自由现金流更多
AES
多$660.0M
$-707.0M
两年增速更快
AES
近两年复合增速
-3.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.4B |
| 净利润 | $320.0M | $264.0M |
| 毛利率 | 18.8% | — |
| 营业利润率 | -8.7% | 22.2% |
| 净利率 | 10.3% | 10.8% |
| 营收同比 | 4.7% | 10.7% |
| 净利润同比 | -42.9% | 6.5% |
| 每股收益（稀释后） | $0.45 | $0.40 |
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AESCNP
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.9B | $3.0B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $2.9B | $1.9B | ||
| Q1 24 | $3.1B | $2.6B |
净利润AESCNP
| Q4 25 | $320.0M | $264.0M | ||
| Q3 25 | $639.0M | $293.0M | ||
| Q2 25 | $-95.0M | $198.0M | ||
| Q1 25 | $46.0M | $297.0M | ||
| Q4 24 | $560.0M | $248.0M | ||
| Q3 24 | $502.0M | $193.0M | ||
| Q2 24 | $185.0M | $228.0M | ||
| Q1 24 | $432.0M | $350.0M |
毛利率AESCNP
| Q4 25 | 18.8% | — | ||
| Q3 25 | 21.9% | 99.9% | ||
| Q2 25 | 15.9% | 99.9% | ||
| Q1 25 | 15.1% | 100.0% | ||
| Q4 24 | 14.2% | 100.0% | ||
| Q3 24 | 22.0% | 99.9% | ||
| Q2 24 | 18.8% | — | ||
| Q1 24 | 20.1% | 100.0% |
营业利润率AESCNP
| Q4 25 | -8.7% | 22.2% | ||
| Q3 25 | 9.8% | 25.2% | ||
| Q2 25 | 1.4% | 21.4% | ||
| Q1 25 | -0.8% | 22.0% | ||
| Q4 24 | 12.3% | 21.9% | ||
| Q3 24 | 10.0% | 22.9% | ||
| Q2 24 | -2.6% | 24.5% | ||
| Q1 24 | 9.0% | 23.7% |
净利率AESCNP
| Q4 25 | 10.3% | 10.8% | ||
| Q3 25 | 19.1% | 14.7% | ||
| Q2 25 | -3.3% | 10.1% | ||
| Q1 25 | 1.6% | 10.0% | ||
| Q4 24 | 18.9% | 11.3% | ||
| Q3 24 | 15.3% | 10.4% | ||
| Q2 24 | 6.3% | 12.0% | ||
| Q1 24 | 14.0% | 13.5% |
每股收益（稀释后）AESCNP
| Q4 25 | $0.45 | $0.40 | ||
| Q3 25 | $0.89 | $0.45 | ||
| Q2 25 | $-0.15 | $0.30 | ||
| Q1 25 | $0.07 | $0.45 | ||
| Q4 24 | $0.78 | $0.37 | ||
| Q3 24 | $0.71 | $0.30 | ||
| Q2 24 | $0.27 | $0.36 | ||
| Q1 24 | $0.60 | $0.55 |
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 | $548.0M |
| 总债务越低越好 | — | $20.6B |
| 股东权益账面价值 | $4.1B | $11.2B |
| 总资产 | $51.8B | $46.5B |
| 负债/权益比越低杠杆越低 | — | 1.84× |
8季度趋势，按日历期对齐
现金及短期投资AESCNP
| Q4 25 | $1.6B | $548.0M | ||
| Q3 25 | $1.8B | $616.0M | ||
| Q2 25 | $1.4B | $776.0M | ||
| Q1 25 | $1.8B | $1.9B | ||
| Q4 24 | $1.6B | $585.0M | ||
| Q3 24 | $2.0B | $643.0M | ||
| Q2 24 | $1.8B | $543.0M | ||
| Q1 24 | $2.4B | $619.0M |
总债务AESCNP
| Q4 25 | — | $20.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $20.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AESCNP
| Q4 25 | $4.1B | $11.2B | ||
| Q3 25 | $3.9B | $11.0B | ||
| Q2 25 | $3.4B | $11.0B | ||
| Q1 25 | $3.5B | $11.0B | ||
| Q4 24 | $3.6B | $10.7B | ||
| Q3 24 | $3.3B | $10.5B | ||
| Q2 24 | $3.1B | $10.4B | ||
| Q1 24 | $2.9B | $10.0B |
总资产AESCNP
| Q4 25 | $51.8B | $46.5B | ||
| Q3 25 | $50.8B | $45.0B | ||
| Q2 25 | $48.5B | $44.1B | ||
| Q1 25 | $48.6B | $44.5B | ||
| Q4 24 | $47.4B | $43.8B | ||
| Q3 24 | $50.1B | $42.9B | ||
| Q2 24 | $47.7B | $41.0B | ||
| Q1 24 | $47.0B | $40.2B |
负债/权益比AESCNP
| Q4 25 | — | 1.84× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $774.0M |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $-707.0M |
| 自由现金流率自由现金流/营收 | -1.5% | -29.0% |
| 资本支出强度资本支出/营收 | 49.5% | 60.7% |
| 现金转化率经营现金流/净利润 | 4.65× | 2.93× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $-2.4B |
8季度趋势，按日历期对齐
经营现金流AESCNP
| Q4 25 | $1.5B | $774.0M | ||
| Q3 25 | $1.3B | $742.0M | ||
| Q2 25 | $976.0M | $560.0M | ||
| Q1 25 | $545.0M | $410.0M | ||
| Q4 24 | $1.1B | $889.0M | ||
| Q3 24 | $985.0M | $136.0M | ||
| Q2 24 | $392.0M | $576.0M | ||
| Q1 24 | $287.0M | $538.0M |
自由现金流AESCNP
| Q4 25 | $-47.0M | $-707.0M | ||
| Q3 25 | $-511.0M | $-480.0M | ||
| Q2 25 | $-356.0M | $-569.0M | ||
| Q1 25 | $-709.0M | $-628.0M | ||
| Q4 24 | $-639.0M | $-1.1B | ||
| Q3 24 | $-847.0M | $-708.0M | ||
| Q2 24 | $-1.3B | $-236.0M | ||
| Q1 24 | $-1.9B | $-307.0M |
自由现金流率AESCNP
| Q4 25 | -1.5% | -29.0% | ||
| Q3 25 | -15.2% | -24.1% | ||
| Q2 25 | -12.5% | -29.1% | ||
| Q1 25 | -24.2% | -21.2% | ||
| Q4 24 | -21.6% | -51.0% | ||
| Q3 24 | -25.8% | -38.3% | ||
| Q2 24 | -43.9% | -12.4% | ||
| Q1 24 | -60.3% | -11.8% |
资本支出强度AESCNP
| Q4 25 | 49.5% | 60.7% | ||
| Q3 25 | 54.0% | 61.4% | ||
| Q2 25 | 46.7% | 57.8% | ||
| Q1 25 | 42.9% | 35.1% | ||
| Q4 24 | 58.3% | 91.3% | ||
| Q3 24 | 55.7% | 45.6% | ||
| Q2 24 | 57.3% | 42.6% | ||
| Q1 24 | 69.6% | 32.6% |
现金转化率AESCNP
| Q4 25 | 4.65× | 2.93× | ||
| Q3 25 | 2.03× | 2.53× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | 11.85× | 1.38× | ||
| Q4 24 | 1.94× | 3.58× | ||
| Q3 24 | 1.96× | 0.70× | ||
| Q2 24 | 2.12× | 2.53× | ||
| Q1 24 | 0.66× | 1.54× |
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% |
CNP
| Electric Segment | $945.0M | 39% |
| Electric | $890.0M | 37% |
| Other | $603.0M | 25% |
