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AES Corporation（AES）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
AES Corporation的季度营收约是泰佩思琦的1.2倍（$3.1B vs $2.5B），泰佩思琦净利率更高（22.4% vs 10.3%，领先12.1%），泰佩思琦同比增速更快（14.0% vs 4.7%），泰佩思琦自由现金流更多（$1.0B vs $-47.0M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
AES vs TPR — 直观对比
营收规模更大
AES
是对方的1.2倍
$2.5B
营收增速更快
TPR
高出9.3%
4.7%
净利率更高
TPR
高出12.1%
10.3%
自由现金流更多
TPR
多$1.1B
$-47.0M
两年增速更快
TPR
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.5B |
| 净利润 | $320.0M | $561.3M |
| 毛利率 | 18.8% | 75.5% |
| 营业利润率 | -8.7% | 28.6% |
| 净利率 | 10.3% | 22.4% |
| 营收同比 | 4.7% | 14.0% |
| 净利润同比 | -42.9% | 80.8% |
| 每股收益（稀释后） | $0.45 | $2.68 |
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AESTPR
| Q4 25 | $3.1B | $2.5B | ||
| Q3 25 | $3.4B | $1.7B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $2.9B | $1.6B | ||
| Q1 24 | $3.1B | $1.5B |
净利润AESTPR
| Q4 25 | $320.0M | $561.3M | ||
| Q3 25 | $639.0M | $274.8M | ||
| Q2 25 | $-95.0M | $-517.1M | ||
| Q1 25 | $46.0M | $203.3M | ||
| Q4 24 | $560.0M | $310.4M | ||
| Q3 24 | $502.0M | $186.6M | ||
| Q2 24 | $185.0M | $159.3M | ||
| Q1 24 | $432.0M | $139.4M |
毛利率AESTPR
| Q4 25 | 18.8% | 75.5% | ||
| Q3 25 | 21.9% | 76.3% | ||
| Q2 25 | 15.9% | 76.3% | ||
| Q1 25 | 15.1% | 76.1% | ||
| Q4 24 | 14.2% | 74.4% | ||
| Q3 24 | 22.0% | 75.3% | ||
| Q2 24 | 18.8% | 74.9% | ||
| Q1 24 | 20.1% | 74.7% |
营业利润率AESTPR
| Q4 25 | -8.7% | 28.6% | ||
| Q3 25 | 9.8% | 19.3% | ||
| Q2 25 | 1.4% | -33.9% | ||
| Q1 25 | -0.8% | 16.0% | ||
| Q4 24 | 12.3% | 22.4% | ||
| Q3 24 | 10.0% | 16.7% | ||
| Q2 24 | -2.6% | 14.8% | ||
| Q1 24 | 9.0% | 13.8% |
净利率AESTPR
| Q4 25 | 10.3% | 22.4% | ||
| Q3 25 | 19.1% | 16.1% | ||
| Q2 25 | -3.3% | -30.0% | ||
| Q1 25 | 1.6% | 12.8% | ||
| Q4 24 | 18.9% | 14.1% | ||
| Q3 24 | 15.3% | 12.4% | ||
| Q2 24 | 6.3% | 10.0% | ||
| Q1 24 | 14.0% | 9.4% |
每股收益（稀释后）AESTPR
| Q4 25 | $0.45 | $2.68 | ||
| Q3 25 | $0.89 | $1.28 | ||
| Q2 25 | $-0.15 | $-2.30 | ||
| Q1 25 | $0.07 | $0.95 | ||
| Q4 24 | $0.78 | $1.38 | ||
| Q3 24 | $0.71 | $0.79 | ||
| Q2 24 | $0.27 | $0.67 | ||
| Q1 24 | $0.60 | $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 | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $4.1B | $551.2M |
| 总资产 | $51.8B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资AESTPR
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.8B | $743.2M | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $2.0B | $7.3B | ||
| Q2 24 | $1.8B | $7.2B | ||
| Q1 24 | $2.4B | $7.4B |
总债务AESTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益AESTPR
| Q4 25 | $4.1B | $551.2M | ||
| Q3 25 | $3.9B | $399.5M | ||
| Q2 25 | $3.4B | $857.8M | ||
| Q1 25 | $3.5B | $1.5B | ||
| Q4 24 | $3.6B | $1.3B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.1B | $2.9B | ||
| Q1 24 | $2.9B | $2.8B |
总资产AESTPR
| Q4 25 | $51.8B | $6.5B | ||
| Q3 25 | $50.8B | $6.4B | ||
| Q2 25 | $48.5B | $6.6B | ||
| Q1 25 | $48.6B | $7.3B | ||
| Q4 24 | $47.4B | $7.3B | ||
| Q3 24 | $50.1B | $13.7B | ||
| Q2 24 | $47.7B | $13.4B | ||
| Q1 24 | $47.0B | $13.7B |
负债/权益比AESTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $1.0B |
| 自由现金流率自由现金流/营收 | -1.5% | 41.5% |
| 资本支出强度资本支出/营收 | 49.5% | 1.7% |
| 现金转化率经营现金流/净利润 | 4.65× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $1.6B |
8季度趋势，按日历期对齐
经营现金流AESTPR
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.3B | $112.6M | ||
| Q2 25 | $976.0M | $446.8M | ||
| Q1 25 | $545.0M | $144.3M | ||
| Q4 24 | $1.1B | $506.0M | ||
| Q3 24 | $985.0M | $119.5M | ||
| Q2 24 | $392.0M | $256.0M | ||
| Q1 24 | $287.0M | $97.8M |
自由现金流AESTPR
| Q4 25 | $-47.0M | $1.0B | ||
| Q3 25 | $-511.0M | $80.2M | ||
| Q2 25 | $-356.0M | $411.5M | ||
| Q1 25 | $-709.0M | $113.4M | ||
| Q4 24 | $-639.0M | $475.1M | ||
| Q3 24 | $-847.0M | $93.9M | ||
| Q2 24 | $-1.3B | $209.8M | ||
| Q1 24 | $-1.9B | $78.8M |
自由现金流率AESTPR
| Q4 25 | -1.5% | 41.5% | ||
| Q3 25 | -15.2% | 4.7% | ||
| Q2 25 | -12.5% | 23.9% | ||
| Q1 25 | -24.2% | 7.2% | ||
| Q4 24 | -21.6% | 21.6% | ||
| Q3 24 | -25.8% | 6.2% | ||
| Q2 24 | -43.9% | 13.2% | ||
| Q1 24 | -60.3% | 5.3% |
资本支出强度AESTPR
| Q4 25 | 49.5% | 1.7% | ||
| Q3 25 | 54.0% | 1.9% | ||
| Q2 25 | 46.7% | 2.0% | ||
| Q1 25 | 42.9% | 2.0% | ||
| Q4 24 | 58.3% | 1.4% | ||
| Q3 24 | 55.7% | 1.7% | ||
| Q2 24 | 57.3% | 2.9% | ||
| Q1 24 | 69.6% | 1.3% |
现金转化率AESTPR
| Q4 25 | 4.65× | 1.93× | ||
| Q3 25 | 2.03× | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | 11.85× | 0.71× | ||
| Q4 24 | 1.94× | 1.63× | ||
| Q3 24 | 1.96× | 0.64× | ||
| Q2 24 | 2.12× | 1.61× | ||
| Q1 24 | 0.66× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
