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AES Corporation（AES）与GRAPHIC PACKAGING HOLDING CO（GPK）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GRAPHIC PACKAGING HOLDING CO的1.5倍（$3.1B vs $2.1B），AES Corporation净利率更高（10.3% vs 3.4%，领先6.9%），AES Corporation同比增速更快（4.7% vs 0.2%），过去两年AES Corporation的营收复合增速更高（0.3% vs -3.5%）
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。
Graphic Packaging Holding是总部位于美国佐治亚州亚特兰大的世界500强企业，专注于设计和生产商用产品包装解决方案，主营纸板及折叠纸盒业务，产品广泛应用于饮料、包装食品等各类热门消费品领域，在美国多州运营采用回收原料的纸板工厂。
AES vs GPK — 直观对比
营收规模更大
AES
是对方的1.5倍
$2.1B
营收增速更快
AES
高出4.5%
0.2%
净利率更高
AES
高出6.9%
3.4%
两年增速更快
AES
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $320.0M | $71.0M |
| 毛利率 | 18.8% | 14.1% |
| 营业利润率 | -8.7% | 7.4% |
| 净利率 | 10.3% | 3.4% |
| 营收同比 | 4.7% | 0.2% |
| 净利润同比 | -42.9% | -48.6% |
| 每股收益（稀释后） | $0.45 | $0.24 |
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AESGPK
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $2.9B | $2.2B | ||
| Q1 24 | $3.1B | $2.3B |
净利润AESGPK
| Q4 25 | $320.0M | $71.0M | ||
| Q3 25 | $639.0M | $142.0M | ||
| Q2 25 | $-95.0M | $104.0M | ||
| Q1 25 | $46.0M | $127.0M | ||
| Q4 24 | $560.0M | $138.0M | ||
| Q3 24 | $502.0M | $165.0M | ||
| Q2 24 | $185.0M | $190.0M | ||
| Q1 24 | $432.0M | $165.0M |
毛利率AESGPK
| Q4 25 | 18.8% | 14.1% | ||
| Q3 25 | 21.9% | 19.6% | ||
| Q2 25 | 15.9% | 18.7% | ||
| Q1 25 | 15.1% | 20.6% | ||
| Q4 24 | 14.2% | 21.4% | ||
| Q3 24 | 22.0% | 22.3% | ||
| Q2 24 | 18.8% | 21.2% | ||
| Q1 24 | 20.1% | 23.0% |
营业利润率AESGPK
| Q4 25 | -8.7% | 7.4% | ||
| Q3 25 | 9.8% | 10.7% | ||
| Q2 25 | 1.4% | 8.8% | ||
| Q1 25 | -0.8% | 10.5% | ||
| Q4 24 | 12.3% | 11.4% | ||
| Q3 24 | 10.0% | 12.6% | ||
| Q2 24 | -2.6% | 14.5% | ||
| Q1 24 | 9.0% | 12.4% |
净利率AESGPK
| Q4 25 | 10.3% | 3.4% | ||
| Q3 25 | 19.1% | 6.5% | ||
| Q2 25 | -3.3% | 4.7% | ||
| Q1 25 | 1.6% | 6.0% | ||
| Q4 24 | 18.9% | 6.6% | ||
| Q3 24 | 15.3% | 7.5% | ||
| Q2 24 | 6.3% | 8.5% | ||
| Q1 24 | 14.0% | 7.3% |
每股收益（稀释后）AESGPK
| Q4 25 | $0.45 | $0.24 | ||
| Q3 25 | $0.89 | $0.48 | ||
| Q2 25 | $-0.15 | $0.34 | ||
| Q1 25 | $0.07 | $0.42 | ||
| Q4 24 | $0.78 | $0.46 | ||
| Q3 24 | $0.71 | $0.55 | ||
| Q2 24 | $0.27 | $0.62 | ||
| Q1 24 | $0.60 | $0.53 |
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 | $261.0M |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $4.1B | $3.3B |
| 总资产 | $51.8B | $11.8B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资AESGPK
| Q4 25 | $1.6B | $261.0M | ||
| Q3 25 | $1.8B | $120.0M | ||
| Q2 25 | $1.4B | $120.0M | ||
| Q1 25 | $1.8B | $129.0M | ||
| Q4 24 | $1.6B | $157.0M | ||
| Q3 24 | $2.0B | $126.0M | ||
| Q2 24 | $1.8B | $125.0M | ||
| Q1 24 | $2.4B | $136.0M |
总债务AESGPK
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益AESGPK
| Q4 25 | $4.1B | $3.3B | ||
| Q3 25 | $3.9B | $3.3B | ||
| Q2 25 | $3.4B | $3.2B | ||
| Q1 25 | $3.5B | $3.2B | ||
| Q4 24 | $3.6B | $3.0B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.1B | $2.8B | ||
| Q1 24 | $2.9B | $2.9B |
总资产AESGPK
| Q4 25 | $51.8B | $11.8B | ||
| Q3 25 | $50.8B | $11.9B | ||
| Q2 25 | $48.5B | $11.8B | ||
| Q1 25 | $48.6B | $11.5B | ||
| Q4 24 | $47.4B | $11.1B | ||
| Q3 24 | $50.1B | $11.2B | ||
| Q2 24 | $47.7B | $10.8B | ||
| Q1 24 | $47.0B | $11.3B |
负债/权益比AESGPK
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $521.0M |
| 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× | 7.34× |
| 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AESGPK
| Q4 25 | $1.5B | $521.0M | ||
| Q3 25 | $1.3B | $227.0M | ||
| Q2 25 | $976.0M | $267.0M | ||
| Q1 25 | $545.0M | $-174.0M | ||
| Q4 24 | $1.1B | $489.0M | ||
| Q3 24 | $985.0M | $187.0M | ||
| Q2 24 | $392.0M | $161.0M | ||
| Q1 24 | $287.0M | $3.0M |
自由现金流AESGPK
| 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AESGPK
| 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AESGPK
| 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AESGPK
| Q4 25 | 4.65× | 7.34× | ||
| Q3 25 | 2.03× | 1.60× | ||
| Q2 25 | — | 2.57× | ||
| Q1 25 | 11.85× | -1.37× | ||
| Q4 24 | 1.94× | 3.54× | ||
| Q3 24 | 1.96× | 1.13× | ||
| Q2 24 | 2.12× | 0.85× | ||
| Q1 24 | 0.66× | 0.02× |
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% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
