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AES Corporation（AES）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.4倍（$3.1B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 10.3%，领先13.2%），AES Corporation同比增速更快（4.7% vs -36.8%），过去两年AES Corporation的营收复合增速更高（0.3% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
AES vs RNR — 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41.4%
-36.8%
净利率更高
RNR
高出13.2%
10.3%
两年增速更快
AES
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.2B |
| 净利润 | $320.0M | $515.8M |
| 毛利率 | 18.8% | — |
| 营业利润率 | -8.7% | — |
| 净利率 | 10.3% | 23.5% |
| 营收同比 | 4.7% | -36.8% |
| 净利润同比 | -42.9% | 72.6% |
| 每股收益（稀释后） | $0.45 | $6.57 |
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AESRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $3.1B | $3.0B | ||
| Q3 25 | $3.4B | $3.2B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $2.9B | $3.5B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $2.9B | $2.8B |
净利润AESRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $320.0M | $760.5M | ||
| Q3 25 | $639.0M | $916.5M | ||
| Q2 25 | $-95.0M | $835.4M | ||
| Q1 25 | $46.0M | $170.0M | ||
| Q4 24 | $560.0M | $-189.7M | ||
| Q3 24 | $502.0M | $1.2B | ||
| Q2 24 | $185.0M | $503.9M |
毛利率AESRNR
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 15.1% | — | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | 18.8% | — |
营业利润率AESRNR
| Q1 26 | — | — | ||
| Q4 25 | -8.7% | 42.5% | ||
| Q3 25 | 9.8% | 46.3% | ||
| Q2 25 | 1.4% | 41.8% | ||
| Q1 25 | -0.8% | -2.0% | ||
| Q4 24 | 12.3% | -3.6% | ||
| Q3 24 | 10.0% | 43.7% | ||
| Q2 24 | -2.6% | 25.0% |
净利率AESRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 10.3% | 25.6% | ||
| Q3 25 | 19.1% | 28.7% | ||
| Q2 25 | -3.3% | 26.1% | ||
| Q1 25 | 1.6% | 4.9% | ||
| Q4 24 | 18.9% | -8.3% | ||
| Q3 24 | 15.3% | 29.8% | ||
| Q2 24 | 6.3% | 17.8% |
每股收益（稀释后）AESRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.45 | $16.16 | ||
| Q3 25 | $0.89 | $19.40 | ||
| Q2 25 | $-0.15 | $17.20 | ||
| Q1 25 | $0.07 | $3.27 | ||
| Q4 24 | $0.78 | $-3.76 | ||
| Q3 24 | $0.71 | $22.62 | ||
| Q2 24 | $0.27 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.1B | $4.3B |
| 总资产 | $51.8B | $53.7B |
| 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AESRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.8B | $1.6B |
总债务AESRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益AESRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $4.1B | $11.6B | ||
| Q3 25 | $3.9B | $11.5B | ||
| Q2 25 | $3.4B | $10.8B | ||
| Q1 25 | $3.5B | $10.3B | ||
| Q4 24 | $3.6B | $10.6B | ||
| Q3 24 | $3.3B | $11.2B | ||
| Q2 24 | $3.1B | $10.2B |
总资产AESRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $51.8B | $53.8B | ||
| Q3 25 | $50.8B | $54.5B | ||
| Q2 25 | $48.5B | $54.7B | ||
| Q1 25 | $48.6B | $53.6B | ||
| Q4 24 | $47.4B | $50.7B | ||
| Q3 24 | $50.1B | $52.8B | ||
| Q2 24 | $47.7B | $51.6B |
负债/权益比AESRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | — |
| 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× | — |
| 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AESRNR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $483.0M | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $976.0M | $1.5B | ||
| Q1 25 | $545.0M | $157.8M | ||
| Q4 24 | $1.1B | $778.9M | ||
| Q3 24 | $985.0M | $1.5B | ||
| Q2 24 | $392.0M | $1.2B |
自由现金流AESRNR
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率AESRNR
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度AESRNR
| Q1 26 | — | — | ||
| 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% | — |
现金转化率AESRNR
| Q1 26 | — | — | ||
| Q4 25 | 4.65× | 0.64× | ||
| Q3 25 | 2.03× | 1.73× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | 11.85× | 0.93× | ||
| Q4 24 | 1.94× | — | ||
| Q3 24 | 1.96× | 1.26× | ||
| Q2 24 | 2.12× | 2.41× |
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% |
RNR
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