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AES Corporation（AES）与美国艺电（EA）财务数据对比。点击上方公司名可切换其他公司
AES Corporation的季度营收约是美国艺电的1.6倍（$3.1B vs $1.9B），AES Corporation净利率更高（10.3% vs 4.6%，领先5.7%），AES Corporation同比增速更快（4.7% vs 1.0%），过去两年美国艺电的营收复合增速更高（3.4% 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。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
AES vs EA — 直观对比
营收规模更大
AES
是对方的1.6倍
$1.9B
营收增速更快
AES
高出3.7%
1.0%
净利率更高
AES
高出5.7%
4.6%
两年增速更快
EA
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.9B |
| 净利润 | $320.0M | $88.0M |
| 毛利率 | 18.8% | 73.8% |
| 营业利润率 | -8.7% | 6.7% |
| 净利率 | 10.3% | 4.6% |
| 营收同比 | 4.7% | 1.0% |
| 净利润同比 | -42.9% | -70.0% |
| 每股收益（稀释后） | $0.45 | $0.35 |
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AESEA
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $2.9B | $1.7B | ||
| Q1 24 | $3.1B | $1.8B |
净利润AESEA
| Q4 25 | $320.0M | $88.0M | ||
| Q3 25 | $639.0M | $137.0M | ||
| Q2 25 | $-95.0M | $201.0M | ||
| Q1 25 | $46.0M | $254.0M | ||
| Q4 24 | $560.0M | $293.0M | ||
| Q3 24 | $502.0M | $294.0M | ||
| Q2 24 | $185.0M | $280.0M | ||
| Q1 24 | $432.0M | $182.0M |
毛利率AESEA
| Q4 25 | 18.8% | 73.8% | ||
| Q3 25 | 21.9% | 75.9% | ||
| Q2 25 | 15.9% | 83.3% | ||
| Q1 25 | 15.1% | 80.6% | ||
| Q4 24 | 14.2% | 75.8% | ||
| Q3 24 | 22.0% | 77.5% | ||
| Q2 24 | 18.8% | 84.2% | ||
| Q1 24 | 20.1% | 79.9% |
营业利润率AESEA
| Q4 25 | -8.7% | 6.7% | ||
| Q3 25 | 9.8% | 10.9% | ||
| Q2 25 | 1.4% | 16.2% | ||
| Q1 25 | -0.8% | 20.8% | ||
| Q4 24 | 12.3% | 20.0% | ||
| Q3 24 | 10.0% | 19.0% | ||
| Q2 24 | -2.6% | 21.9% | ||
| Q1 24 | 9.0% | 13.2% |
净利率AESEA
| Q4 25 | 10.3% | 4.6% | ||
| Q3 25 | 19.1% | 7.4% | ||
| Q2 25 | -3.3% | 12.0% | ||
| Q1 25 | 1.6% | 13.4% | ||
| Q4 24 | 18.9% | 15.6% | ||
| Q3 24 | 15.3% | 14.5% | ||
| Q2 24 | 6.3% | 16.9% | ||
| Q1 24 | 14.0% | 10.2% |
每股收益（稀释后）AESEA
| Q4 25 | $0.45 | $0.35 | ||
| Q3 25 | $0.89 | $0.54 | ||
| Q2 25 | $-0.15 | $0.79 | ||
| Q1 25 | $0.07 | $0.99 | ||
| Q4 24 | $0.78 | $1.11 | ||
| Q3 24 | $0.71 | $1.11 | ||
| Q2 24 | $0.27 | $1.04 | ||
| Q1 24 | $0.60 | $0.67 |
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 | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.1B | $6.2B |
| 总资产 | $51.8B | $13.3B |
| 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AESEA
| Q4 25 | $1.6B | $2.8B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $2.4B | $2.9B |
股东权益AESEA
| Q4 25 | $4.1B | $6.2B | ||
| Q3 25 | $3.9B | $6.0B | ||
| Q2 25 | $3.4B | $6.1B | ||
| Q1 25 | $3.5B | $6.4B | ||
| Q4 24 | $3.6B | $7.4B | ||
| Q3 24 | $3.3B | $7.4B | ||
| Q2 24 | $3.1B | $7.4B | ||
| Q1 24 | $2.9B | $7.5B |
总资产AESEA
| Q4 25 | $51.8B | $13.3B | ||
| Q3 25 | $50.8B | $11.9B | ||
| Q2 25 | $48.5B | $11.7B | ||
| Q1 25 | $48.6B | $12.4B | ||
| Q4 24 | $47.4B | $13.5B | ||
| Q3 24 | $50.1B | $13.1B | ||
| Q2 24 | $47.7B | $12.7B | ||
| Q1 24 | $47.0B | $13.4B |
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 | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | — |
| 自由现金流率自由现金流/营收 | -1.5% | — |
| 资本支出强度资本支出/营收 | 49.5% | — |
| 现金转化率经营现金流/净利润 | 4.65× | 20.75× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | — |
8季度趋势，按日历期对齐
经营现金流AESEA
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.3B | $130.0M | ||
| Q2 25 | $976.0M | $17.0M | ||
| Q1 25 | $545.0M | $549.0M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $985.0M | $234.0M | ||
| Q2 24 | $392.0M | $120.0M | ||
| Q1 24 | $287.0M | $580.0M |
自由现金流AESEA
| Q4 25 | $-47.0M | — | ||
| Q3 25 | $-511.0M | — | ||
| Q2 25 | $-356.0M | — | ||
| Q1 25 | $-709.0M | — | ||
| Q4 24 | $-639.0M | — | ||
| Q3 24 | $-847.0M | — | ||
| Q2 24 | $-1.3B | — | ||
| Q1 24 | $-1.9B | — |
自由现金流率AESEA
| Q4 25 | -1.5% | — | ||
| Q3 25 | -15.2% | — | ||
| Q2 25 | -12.5% | — | ||
| Q1 25 | -24.2% | — | ||
| Q4 24 | -21.6% | — | ||
| Q3 24 | -25.8% | — | ||
| Q2 24 | -43.9% | — | ||
| Q1 24 | -60.3% | — |
资本支出强度AESEA
| Q4 25 | 49.5% | — | ||
| Q3 25 | 54.0% | — | ||
| Q2 25 | 46.7% | — | ||
| Q1 25 | 42.9% | — | ||
| Q4 24 | 58.3% | — | ||
| Q3 24 | 55.7% | — | ||
| Q2 24 | 57.3% | — | ||
| Q1 24 | 69.6% | — |
现金转化率AESEA
| Q4 25 | 4.65× | 20.75× | ||
| Q3 25 | 2.03× | 0.95× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | 11.85× | 2.16× | ||
| Q4 24 | 1.94× | 4.01× | ||
| Q3 24 | 1.96× | 0.80× | ||
| Q2 24 | 2.12× | 0.43× | ||
| Q1 24 | 0.66× | 3.19× |
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% |
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
