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AES Corporation（AES）与Optimum Communications, Inc.（OPTU）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Optimum Communications, Inc.的1.4倍（$3.1B vs $2.2B），AES Corporation净利率更高（10.3% vs -3.3%，领先13.6%），AES Corporation同比增速更快（4.7% vs -2.3%），Optimum Communications, Inc.自由现金流更多（$199.4M vs $-47.0M），过去两年AES Corporation的营收复合增速更高（0.3% vs -1.5%）
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。
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
AES vs OPTU — 直观对比
营收规模更大
AES
是对方的1.4倍
$2.2B
营收增速更快
AES
高出7.0%
-2.3%
净利率更高
AES
高出13.6%
-3.3%
自由现金流更多
OPTU
多$246.4M
$-47.0M
两年增速更快
AES
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.2B |
| 净利润 | $320.0M | $-71.2M |
| 毛利率 | 18.8% | 69.5% |
| 营业利润率 | -8.7% | 18.2% |
| 净利率 | 10.3% | -3.3% |
| 营收同比 | 4.7% | -2.3% |
| 净利润同比 | -42.9% | -31.6% |
| 每股收益（稀释后） | $0.45 | $-0.16 |
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AESOPTU
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $2.9B | $2.1B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $2.9B | $2.2B | ||
| Q1 24 | $3.1B | $2.3B |
净利润AESOPTU
| Q4 25 | $320.0M | $-71.2M | ||
| Q3 25 | $639.0M | $-1.6B | ||
| Q2 25 | $-95.0M | $-96.3M | ||
| Q1 25 | $46.0M | $-75.7M | ||
| Q4 24 | $560.0M | $-54.1M | ||
| Q3 24 | $502.0M | $-43.0M | ||
| Q2 24 | $185.0M | $15.4M | ||
| Q1 24 | $432.0M | $-21.2M |
毛利率AESOPTU
| Q4 25 | 18.8% | 69.5% | ||
| Q3 25 | 21.9% | 69.7% | ||
| Q2 25 | 15.9% | 69.1% | ||
| Q1 25 | 15.1% | 68.8% | ||
| Q4 24 | 14.2% | 67.7% | ||
| Q3 24 | 22.0% | 68.1% | ||
| Q2 24 | 18.8% | 67.9% | ||
| Q1 24 | 20.1% | 67.0% |
营业利润率AESOPTU
| Q4 25 | -8.7% | 18.2% | ||
| Q3 25 | 9.8% | -55.3% | ||
| Q2 25 | 1.4% | 14.5% | ||
| Q1 25 | -0.8% | 16.0% | ||
| Q4 24 | 12.3% | 15.2% | ||
| Q3 24 | 10.0% | 20.0% | ||
| Q2 24 | -2.6% | 22.4% | ||
| Q1 24 | 9.0% | 17.5% |
净利率AESOPTU
| Q4 25 | 10.3% | -3.3% | ||
| Q3 25 | 19.1% | -77.1% | ||
| Q2 25 | -3.3% | -4.5% | ||
| Q1 25 | 1.6% | -3.5% | ||
| Q4 24 | 18.9% | -2.4% | ||
| Q3 24 | 15.3% | -1.9% | ||
| Q2 24 | 6.3% | 0.7% | ||
| Q1 24 | 14.0% | -0.9% |
每股收益（稀释后）AESOPTU
| Q4 25 | $0.45 | $-0.16 | ||
| Q3 25 | $0.89 | $-3.47 | ||
| Q2 25 | $-0.15 | $-0.21 | ||
| Q1 25 | $0.07 | $-0.16 | ||
| Q4 24 | $0.78 | $-0.11 | ||
| Q3 24 | $0.71 | $-0.09 | ||
| Q2 24 | $0.27 | $0.03 | ||
| Q1 24 | $0.60 | $-0.05 |
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 | $1.0B |
| 总债务越低越好 | — | $26.2B |
| 股东权益账面价值 | $4.1B | $-2.3B |
| 总资产 | $51.8B | $30.7B |
| 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AESOPTU
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.8B | $938.8M | ||
| Q2 25 | $1.4B | $247.3M | ||
| Q1 25 | $1.8B | $279.1M | ||
| Q4 24 | $1.6B | $256.5M | ||
| Q3 24 | $2.0B | $250.0M | ||
| Q2 24 | $1.8B | $362.1M | ||
| Q1 24 | $2.4B | $284.4M |
总债务AESOPTU
| Q4 25 | — | $26.2B | ||
| Q3 25 | — | $26.2B | ||
| Q2 25 | — | $25.3B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.1B | ||
| Q3 24 | — | $25.1B | ||
| Q2 24 | — | $25.2B | ||
| Q1 24 | — | $25.1B |
股东权益AESOPTU
| Q4 25 | $4.1B | $-2.3B | ||
| Q3 25 | $3.9B | $-2.2B | ||
| Q2 25 | $3.4B | $-624.1M | ||
| Q1 25 | $3.5B | $-543.0M | ||
| Q4 24 | $3.6B | $-469.2M | ||
| Q3 24 | $3.3B | $-427.1M | ||
| Q2 24 | $3.1B | $-399.1M | ||
| Q1 24 | $2.9B | $-431.2M |
总资产AESOPTU
| Q4 25 | $51.8B | $30.7B | ||
| Q3 25 | $50.8B | $30.7B | ||
| Q2 25 | $48.5B | $31.6B | ||
| Q1 25 | $48.6B | $31.7B | ||
| Q4 24 | $47.4B | $31.7B | ||
| Q3 24 | $50.1B | $31.8B | ||
| Q2 24 | $47.7B | $32.0B | ||
| Q1 24 | $47.0B | $31.9B |
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 | $481.6M |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $199.4M |
| 自由现金流率自由现金流/营收 | -1.5% | 9.1% |
| 资本支出强度资本支出/营收 | 49.5% | 12.9% |
| 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 | $-118.8M |
8季度趋势，按日历期对齐
经营现金流AESOPTU
| Q4 25 | $1.5B | $481.6M | ||
| Q3 25 | $1.3B | $147.4M | ||
| Q2 25 | $976.0M | $412.0M | ||
| Q1 25 | $545.0M | $187.5M | ||
| Q4 24 | $1.1B | $439.9M | ||
| Q3 24 | $985.0M | $436.0M | ||
| Q2 24 | $392.0M | $306.8M | ||
| Q1 24 | $287.0M | $399.7M |
自由现金流AESOPTU
| Q4 25 | $-47.0M | $199.4M | ||
| Q3 25 | $-511.0M | $-178.1M | ||
| Q2 25 | $-356.0M | $28.4M | ||
| Q1 25 | $-709.0M | $-168.6M | ||
| Q4 24 | $-639.0M | $49.9M | ||
| Q3 24 | $-847.0M | $76.9M | ||
| Q2 24 | $-1.3B | $-40.9M | ||
| Q1 24 | $-1.9B | $63.6M |
自由现金流率AESOPTU
| Q4 25 | -1.5% | 9.1% | ||
| Q3 25 | -15.2% | -8.4% | ||
| Q2 25 | -12.5% | 1.3% | ||
| Q1 25 | -24.2% | -7.8% | ||
| Q4 24 | -21.6% | 2.2% | ||
| Q3 24 | -25.8% | 3.5% | ||
| Q2 24 | -43.9% | -1.8% | ||
| Q1 24 | -60.3% | 2.8% |
资本支出强度AESOPTU
| Q4 25 | 49.5% | 12.9% | ||
| Q3 25 | 54.0% | 15.4% | ||
| Q2 25 | 46.7% | 17.9% | ||
| Q1 25 | 42.9% | 16.5% | ||
| Q4 24 | 58.3% | 17.5% | ||
| Q3 24 | 55.7% | 16.1% | ||
| Q2 24 | 57.3% | 15.5% | ||
| Q1 24 | 69.6% | 14.9% |
现金转化率AESOPTU
| Q4 25 | 4.65× | — | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 11.85× | — | ||
| Q4 24 | 1.94× | — | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 2.12× | 19.97× | ||
| Q1 24 | 0.66× | — |
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% |
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
