vs
AES Corporation（AES）与Southwest Gas Holdings, Inc.（SWX）财务数据对比。点击上方公司名可切换其他公司
AES Corporation净利率更高（10.3% vs -8.6%，领先18.9%）。AES Corporation同比增速更快（4.7% vs -162.5%）。AES Corporation自由现金流更多（$-47.0M vs $-155.9M）。过去两年Southwest Gas Holdings, Inc.的营收复合增速更高（NaN% vs NaN%）
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。
西南燃气控股是一家投资者所有的公用事业企业，总部位于美国内华达州拉斯维加斯，主要开展燃气供应等相关公用事业服务，运营体系成熟稳定，在其服务覆盖区域拥有良好的市场口碑与客户基础。
AES vs SWX — 直观对比
营收规模更大
AES
是对方的-3.9倍
$-793.4M
营收增速更快
AES
高出167.2%
-162.5%
净利率更高
AES
高出18.9%
-8.6%
自由现金流更多
AES
多$108.9M
$-155.9M
两年增速更快
SWX
近两年复合增速
0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $-793.4M |
| 净利润 | $320.0M | $68.4M |
| 毛利率 | 18.8% | — |
| 营业利润率 | -8.7% | — |
| 净利率 | 10.3% | -8.6% |
| 营收同比 | 4.7% | -162.5% |
| 净利润同比 | -42.9% | -26.1% |
| 每股收益（稀释后） | $0.45 | $0.94 |
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AESSWX
| Q4 25 | $3.1B | $-793.4M | ||
| Q3 25 | $3.4B | $316.9M | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $2.9B | $1.3B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.3B | $1.1B | ||
| Q2 24 | $2.9B | $1.2B | ||
| Q1 24 | $3.1B | $1.6B |
净利润AESSWX
| Q4 25 | $320.0M | $68.4M | ||
| Q3 25 | $639.0M | $270.5M | ||
| Q2 25 | $-95.0M | $-12.9M | ||
| Q1 25 | $46.0M | $113.9M | ||
| Q4 24 | $560.0M | $92.5M | ||
| Q3 24 | $502.0M | $289.0K | ||
| Q2 24 | $185.0M | $18.3M | ||
| Q1 24 | $432.0M | $87.7M |
毛利率AESSWX
| Q4 25 | 18.8% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 15.9% | 41.3% | ||
| Q1 25 | 15.1% | 59.2% | ||
| Q4 24 | 14.2% | 48.8% | ||
| Q3 24 | 22.0% | 40.2% | ||
| Q2 24 | 18.8% | 48.9% | ||
| Q1 24 | 20.1% | 67.4% |
营业利润率AESSWX
| Q4 25 | -8.7% | — | ||
| Q3 25 | 9.8% | 11.7% | ||
| Q2 25 | 1.4% | 8.5% | ||
| Q1 25 | -0.8% | 15.5% | ||
| Q4 24 | 12.3% | 14.2% | ||
| Q3 24 | 10.0% | 5.7% | ||
| Q2 24 | -2.6% | 7.0% | ||
| Q1 24 | 9.0% | 10.0% |
净利率AESSWX
| Q4 25 | 10.3% | -8.6% | ||
| Q3 25 | 19.1% | 85.3% | ||
| Q2 25 | -3.3% | -1.1% | ||
| Q1 25 | 1.6% | 8.8% | ||
| Q4 24 | 18.9% | 7.3% | ||
| Q3 24 | 15.3% | 0.0% | ||
| Q2 24 | 6.3% | 1.6% | ||
| Q1 24 | 14.0% | 5.5% |
每股收益（稀释后）AESSWX
| Q4 25 | $0.45 | $0.94 | ||
| Q3 25 | $0.89 | $3.74 | ||
| Q2 25 | $-0.15 | $-0.18 | ||
| Q1 25 | $0.07 | $1.58 | ||
| Q4 24 | $0.78 | $1.29 | ||
| Q3 24 | $0.71 | $0.00 | ||
| Q2 24 | $0.27 | $0.25 | ||
| Q1 24 | $0.60 | $1.22 |
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 | $576.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.1B | $4.0B |
| 总资产 | $51.8B | $10.4B |
| 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AESSWX
| Q4 25 | $1.6B | $576.6M | ||
| Q3 25 | $1.8B | $778.6M | ||
| Q2 25 | $1.4B | $355.6M | ||
| Q1 25 | $1.8B | $406.3M | ||
| Q4 24 | $1.6B | $363.8M | ||
| Q3 24 | $2.0B | $456.6M | ||
| Q2 24 | $1.8B | $599.6M | ||
| Q1 24 | $2.4B | $458.0M |
股东权益AESSWX
| Q4 25 | $4.1B | $4.0B | ||
| Q3 25 | $3.9B | $3.9B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.5B | $3.6B | ||
| Q4 24 | $3.6B | $3.5B | ||
| Q3 24 | $3.3B | $3.5B | ||
| Q2 24 | $3.1B | $3.5B | ||
| Q1 24 | $2.9B | $3.4B |
总资产AESSWX
| Q4 25 | $51.8B | $10.4B | ||
| Q3 25 | $50.8B | $10.3B | ||
| Q2 25 | $48.5B | $12.2B | ||
| Q1 25 | $48.6B | $12.1B | ||
| Q4 24 | $47.4B | $12.0B | ||
| Q3 24 | $50.1B | $11.9B | ||
| Q2 24 | $47.7B | $12.0B | ||
| Q1 24 | $47.0B | $11.9B |
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 | $81.6M |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $-155.9M |
| 自由现金流率自由现金流/营收 | -1.5% | 19.7% |
| 资本支出强度资本支出/营收 | 49.5% | -29.9% |
| 现金转化率经营现金流/净利润 | 4.65× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $-251.8M |
8季度趋势，按日历期对齐
经营现金流AESSWX
| Q4 25 | $1.5B | $81.6M | ||
| Q3 25 | $1.3B | $56.9M | ||
| Q2 25 | $976.0M | $126.3M | ||
| Q1 25 | $545.0M | $291.3M | ||
| Q4 24 | $1.1B | $201.4M | ||
| Q3 24 | $985.0M | $304.1M | ||
| Q2 24 | $392.0M | $306.6M | ||
| Q1 24 | $287.0M | $543.7M |
自由现金流AESSWX
| Q4 25 | $-47.0M | $-155.9M | ||
| Q3 25 | $-511.0M | $-105.8M | ||
| Q2 25 | $-356.0M | $-93.8M | ||
| Q1 25 | $-709.0M | $103.8M | ||
| Q4 24 | $-639.0M | $-34.7M | ||
| Q3 24 | $-847.0M | $38.7M | ||
| Q2 24 | $-1.3B | $83.3M | ||
| Q1 24 | $-1.9B | $322.5M |
自由现金流率AESSWX
| Q4 25 | -1.5% | 19.7% | ||
| Q3 25 | -15.2% | -33.4% | ||
| Q2 25 | -12.5% | -8.4% | ||
| Q1 25 | -24.2% | 8.0% | ||
| Q4 24 | -21.6% | -2.7% | ||
| Q3 24 | -25.8% | 3.6% | ||
| Q2 24 | -43.9% | 7.0% | ||
| Q1 24 | -60.3% | 20.4% |
资本支出强度AESSWX
| Q4 25 | 49.5% | -29.9% | ||
| Q3 25 | 54.0% | 51.3% | ||
| Q2 25 | 46.7% | 19.6% | ||
| Q1 25 | 42.9% | 14.5% | ||
| Q4 24 | 58.3% | 18.6% | ||
| Q3 24 | 55.7% | 24.6% | ||
| Q2 24 | 57.3% | 18.9% | ||
| Q1 24 | 69.6% | 14.0% |
现金转化率AESSWX
| Q4 25 | 4.65× | 1.19× | ||
| Q3 25 | 2.03× | 0.21× | ||
| Q2 25 | — | — | ||
| Q1 25 | 11.85× | 2.56× | ||
| Q4 24 | 1.94× | 2.18× | ||
| Q3 24 | 1.96× | 1052.08× | ||
| Q2 24 | 2.12× | 16.72× | ||
| Q1 24 | 0.66× | 6.20× |
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% |
SWX
暂无分部数据
