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AES Corporation（AES）与QVC INC（QVCD）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QVC INC的1.3倍（$3.1B vs $2.4B），AES Corporation净利率更高（10.3% vs 1.5%，领先8.8%），AES Corporation同比增速更快（4.7% vs -8.9%），过去两年QVC INC的营收复合增速更高（7.1% 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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
AES vs QVCD — 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
AES
高出13.6%
-8.9%
净利率更高
AES
高出8.8%
1.5%
两年增速更快
QVCD
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.4B |
| 净利润 | $320.0M | $37.0M |
| 毛利率 | 18.8% | 32.5% |
| 营业利润率 | -8.7% | 5.6% |
| 净利率 | 10.3% | 1.5% |
| 营收同比 | 4.7% | -8.9% |
| 净利润同比 | -42.9% | 103.0% |
| 每股收益（稀释后） | $0.45 | — |
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AESQVCD
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $3.1B | $2.1B |
净利润AESQVCD
| Q4 25 | $320.0M | $37.0M | ||
| Q3 25 | $639.0M | $2.0M | ||
| Q2 25 | $-95.0M | $-2.2B | ||
| Q1 25 | $46.0M | $-42.0M | ||
| Q4 24 | $560.0M | $-1.2B | ||
| Q3 24 | $502.0M | $51.0M | ||
| Q2 24 | $185.0M | $53.0M | ||
| Q1 24 | $432.0M | $51.0M |
毛利率AESQVCD
| Q4 25 | 18.8% | 32.5% | ||
| Q3 25 | 21.9% | 33.6% | ||
| Q2 25 | 15.9% | 35.4% | ||
| Q1 25 | 15.1% | 33.3% | ||
| Q4 24 | 14.2% | 32.6% | ||
| Q3 24 | 22.0% | 34.7% | ||
| Q2 24 | 18.8% | 35.6% | ||
| Q1 24 | 20.1% | 35.0% |
营业利润率AESQVCD
| Q4 25 | -8.7% | 5.6% | ||
| Q3 25 | 9.8% | 4.6% | ||
| Q2 25 | 1.4% | -114.5% | ||
| Q1 25 | -0.8% | 1.5% | ||
| Q4 24 | 12.3% | -47.1% | ||
| Q3 24 | 10.0% | 7.8% | ||
| Q2 24 | -2.6% | 7.6% | ||
| Q1 24 | 9.0% | 7.4% |
净利率AESQVCD
| Q4 25 | 10.3% | 1.5% | ||
| Q3 25 | 19.1% | 0.1% | ||
| Q2 25 | -3.3% | -109.1% | ||
| Q1 25 | 1.6% | -2.2% | ||
| Q4 24 | 18.9% | -46.0% | ||
| Q3 24 | 15.3% | 2.4% | ||
| Q2 24 | 6.3% | 2.5% | ||
| Q1 24 | 14.0% | 2.4% |
每股收益（稀释后）AESQVCD
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.89 | — | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $0.07 | — | ||
| Q4 24 | $0.78 | — | ||
| Q3 24 | $0.71 | — | ||
| Q2 24 | $0.27 | — | ||
| Q1 24 | $0.60 | — |
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 | $1.5B |
| 总债务越低越好 | — | $1.0M |
| 股东权益账面价值 | $4.1B | $1.2B |
| 总资产 | $51.8B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AESQVCD
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.6B | $297.0M | ||
| Q3 24 | $2.0B | $297.0M | ||
| Q2 24 | $1.8B | $315.0M | ||
| Q1 24 | $2.4B | $311.0M |
总债务AESQVCD
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
股东权益AESQVCD
| Q4 25 | $4.1B | $1.2B | ||
| Q3 25 | $3.9B | $1.2B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.5B | $3.3B | ||
| Q4 24 | $3.6B | $3.3B | ||
| Q3 24 | $3.3B | $4.6B | ||
| Q2 24 | $3.1B | $4.3B | ||
| Q1 24 | $2.9B | $4.2B |
总资产AESQVCD
| Q4 25 | $51.8B | $8.5B | ||
| Q3 25 | $50.8B | $8.3B | ||
| Q2 25 | $48.5B | $7.4B | ||
| Q1 25 | $48.6B | $9.7B | ||
| Q4 24 | $47.4B | $9.9B | ||
| Q3 24 | $50.1B | $9.9B | ||
| Q2 24 | $47.7B | $11.2B | ||
| Q1 24 | $47.0B | $11.4B |
负债/权益比AESQVCD
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| 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× | 6.62× |
| 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AESQVCD
| Q4 25 | $1.5B | $245.0M | ||
| Q3 25 | $1.3B | $76.0M | ||
| Q2 25 | $976.0M | $52.0M | ||
| Q1 25 | $545.0M | $46.0M | ||
| Q4 24 | $1.1B | $189.0M | ||
| Q3 24 | $985.0M | $98.0M | ||
| Q2 24 | $392.0M | $164.0M | ||
| Q1 24 | $287.0M | $84.0M |
自由现金流AESQVCD
| 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AESQVCD
| 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AESQVCD
| 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AESQVCD
| Q4 25 | 4.65× | 6.62× | ||
| Q3 25 | 2.03× | 38.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | 11.85× | — | ||
| Q4 24 | 1.94× | — | ||
| Q3 24 | 1.96× | 1.92× | ||
| Q2 24 | 2.12× | 3.09× | ||
| Q1 24 | 0.66× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
