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AES Corporation（AES）与UGI CORP（UGI）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UGI CORP的1.5倍（$3.1B vs $2.1B）。UGI CORP净利率更高（14.4% vs 10.3%，领先4.1%）。AES Corporation同比增速更快（4.7% vs 3.9%）。AES Corporation自由现金流更多（$-47.0M vs $-155.0M）。过去两年AES Corporation的营收复合增速更高（0.3% vs -7.5%）
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。
UGI公司是总部位于美国宾夕法尼亚州普鲁士王市的能源企业，主营天然气与电力配送业务，布局覆盖范围广泛，在美国本土及欧洲地区均拥有成熟运营网络，为当地用户提供稳定可靠的能源配送服务。
AES vs UGI — 直观对比
营收规模更大
AES
是对方的1.5倍
$2.1B
营收增速更快
AES
高出0.8%
3.9%
净利率更高
UGI
高出4.1%
10.3%
自由现金流更多
AES
多$108.0M
$-155.0M
两年增速更快
AES
近两年复合增速
-7.5%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $320.0M | $297.0M |
| 毛利率 | 18.8% | — |
| 营业利润率 | -8.7% | 22.0% |
| 净利率 | 10.3% | 14.4% |
| 营收同比 | 4.7% | 3.9% |
| 净利润同比 | -42.9% | -20.8% |
| 每股收益（稀释后） | $0.45 | $1.34 |
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AESUGI
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.4B | $1.2B | ||
| Q2 25 | $2.9B | $1.4B | ||
| Q1 25 | $2.9B | $2.6B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $2.9B | $1.4B | ||
| Q1 24 | $3.1B | $2.4B |
净利润AESUGI
| Q4 25 | $320.0M | $297.0M | ||
| Q3 25 | $639.0M | $-13.0M | ||
| Q2 25 | $-95.0M | $-163.0M | ||
| Q1 25 | $46.0M | $479.0M | ||
| Q4 24 | $560.0M | $375.0M | ||
| Q3 24 | $502.0M | $-273.0M | ||
| Q2 24 | $185.0M | $-48.0M | ||
| Q1 24 | $432.0M | $496.0M |
毛利率AESUGI
| 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% | — | ||
| Q1 24 | 20.1% | — |
营业利润率AESUGI
| Q4 25 | -8.7% | 22.0% | ||
| Q3 25 | 9.8% | 1.1% | ||
| Q2 25 | 1.4% | -6.8% | ||
| Q1 25 | -0.8% | 26.6% | ||
| Q4 24 | 12.3% | 24.5% | ||
| Q3 24 | 10.0% | -20.4% | ||
| Q2 24 | -2.6% | 5.0% | ||
| Q1 24 | 9.0% | 29.7% |
净利率AESUGI
| Q4 25 | 10.3% | 14.4% | ||
| Q3 25 | 19.1% | -1.1% | ||
| Q2 25 | -3.3% | -12.0% | ||
| Q1 25 | 1.6% | 18.2% | ||
| Q4 24 | 18.9% | 18.9% | ||
| Q3 24 | 15.3% | -22.6% | ||
| Q2 24 | 6.3% | -3.6% | ||
| Q1 24 | 14.0% | 20.6% |
每股收益（稀释后）AESUGI
| Q4 25 | $0.45 | $1.34 | ||
| Q3 25 | $0.89 | $-0.08 | ||
| Q2 25 | $-0.15 | $-0.76 | ||
| Q1 25 | $0.07 | $2.19 | ||
| Q4 24 | $0.78 | $1.74 | ||
| Q3 24 | $0.71 | $-1.26 | ||
| Q2 24 | $0.27 | $-0.23 | ||
| Q1 24 | $0.60 | $2.30 |
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 | $251.0M |
| 总债务越低越好 | — | $6.0B |
| 股东权益账面价值 | $4.1B | $5.0B |
| 总资产 | $51.8B | $15.8B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资AESUGI
| Q4 25 | $1.6B | $251.0M | ||
| Q3 25 | $1.8B | $335.0M | ||
| Q2 25 | $1.4B | $350.0M | ||
| Q1 25 | $1.8B | $426.0M | ||
| Q4 24 | $1.6B | $240.0M | ||
| Q3 24 | $2.0B | $213.0M | ||
| Q2 24 | $1.8B | $183.0M | ||
| Q1 24 | $2.4B | $263.0M |
总债务AESUGI
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
股东权益AESUGI
| Q4 25 | $4.1B | $5.0B | ||
| Q3 25 | $3.9B | $4.8B | ||
| Q2 25 | $3.4B | $4.9B | ||
| Q1 25 | $3.5B | $5.0B | ||
| Q4 24 | $3.6B | $4.6B | ||
| Q3 24 | $3.3B | $4.3B | ||
| Q2 24 | $3.1B | $4.7B | ||
| Q1 24 | $2.9B | $4.8B |
总资产AESUGI
| Q4 25 | $51.8B | $15.8B | ||
| Q3 25 | $50.8B | $15.5B | ||
| Q2 25 | $48.5B | $15.4B | ||
| Q1 25 | $48.6B | $15.7B | ||
| Q4 24 | $47.4B | $15.4B | ||
| Q3 24 | $50.1B | $15.1B | ||
| Q2 24 | $47.7B | $15.1B | ||
| Q1 24 | $47.0B | $15.6B |
负债/权益比AESUGI
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| 自由现金流经营现金流 - 资本支出 | $-47.0M | $-155.0M |
| 自由现金流率自由现金流/营收 | -1.5% | -7.5% |
| 资本支出强度资本支出/营收 | 49.5% | 10.7% |
| 现金转化率经营现金流/净利润 | 4.65× | 0.22× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $282.0M |
8季度趋势，按日历期对齐
经营现金流AESUGI
| Q4 25 | $1.5B | $66.0M | ||
| Q3 25 | $1.3B | $90.0M | ||
| Q2 25 | $976.0M | $289.0M | ||
| Q1 25 | $545.0M | $684.0M | ||
| Q4 24 | $1.1B | $164.0M | ||
| Q3 24 | $985.0M | $151.0M | ||
| Q2 24 | $392.0M | $390.0M | ||
| Q1 24 | $287.0M | $522.0M |
自由现金流AESUGI
| Q4 25 | $-47.0M | $-155.0M | ||
| Q3 25 | $-511.0M | $-168.0M | ||
| Q2 25 | $-356.0M | $67.0M | ||
| Q1 25 | $-709.0M | $538.0M | ||
| Q4 24 | $-639.0M | $-47.0M | ||
| Q3 24 | $-847.0M | $-115.0M | ||
| Q2 24 | $-1.3B | $185.0M | ||
| Q1 24 | $-1.9B | $353.0M |
自由现金流率AESUGI
| Q4 25 | -1.5% | -7.5% | ||
| Q3 25 | -15.2% | -14.4% | ||
| Q2 25 | -12.5% | 4.9% | ||
| Q1 25 | -24.2% | 20.4% | ||
| Q4 24 | -21.6% | -2.4% | ||
| Q3 24 | -25.8% | -9.5% | ||
| Q2 24 | -43.9% | 13.7% | ||
| Q1 24 | -60.3% | 14.6% |
资本支出强度AESUGI
| Q4 25 | 49.5% | 10.7% | ||
| Q3 25 | 54.0% | 22.1% | ||
| Q2 25 | 46.7% | 16.3% | ||
| Q1 25 | 42.9% | 5.5% | ||
| Q4 24 | 58.3% | 10.6% | ||
| Q3 24 | 55.7% | 22.0% | ||
| Q2 24 | 57.3% | 15.2% | ||
| Q1 24 | 69.6% | 7.0% |
现金转化率AESUGI
| Q4 25 | 4.65× | 0.22× | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 11.85× | 1.43× | ||
| Q4 24 | 1.94× | 0.44× | ||
| Q3 24 | 1.96× | — | ||
| Q2 24 | 2.12× | — | ||
| Q1 24 | 0.66× | 1.05× |
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% |
UGI
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