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西联汇款（AFG）与FirstEnergy（FE）财务数据对比。点击上方公司名可切换其他公司
FirstEnergy的季度营收约是西联汇款的1.8倍（$3.8B vs $2.1B），西联汇款净利率更高（14.5% vs -1.3%，领先15.8%），FirstEnergy同比增速更快（19.6% vs -4.0%），过去两年FirstEnergy的营收复合增速更高（7.5% vs 4.0%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
FirstEnergy Corp是总部位于美国俄亥俄州阿克伦市的电力公用事业企业，主营电力供应、电网运营相关业务，于1997年由俄亥俄爱迪生公司与森特里奥尔能源公司合并组建，是美国中西部地区颇具影响力的公共事业服务商。
AFG vs FE — 直观对比
营收规模更大
FE
是对方的1.8倍
$2.1B
营收增速更快
FE
高出23.6%
-4.0%
净利率更高
AFG
高出15.8%
-1.3%
两年增速更快
FE
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.8B |
| 净利润 | $299.0M | $-49.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | -0.6% |
| 净利率 | 14.5% | -1.3% |
| 营收同比 | -4.0% | 19.6% |
| 净利润同比 | 17.3% | -118.8% |
| 每股收益（稀释后） | $3.59 | $-0.08 |
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AFGFE
| Q4 25 | $2.1B | $3.8B | ||
| Q3 25 | $2.3B | $4.1B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $1.9B | $3.8B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.4B | $3.7B | ||
| Q2 24 | $1.9B | $3.3B | ||
| Q1 24 | $1.9B | $3.3B |
净利润AFGFE
| Q4 25 | $299.0M | $-49.0M | ||
| Q3 25 | $215.0M | $441.0M | ||
| Q2 25 | $174.0M | $268.0M | ||
| Q1 25 | $154.0M | $360.0M | ||
| Q4 24 | $255.0M | $261.0M | ||
| Q3 24 | $181.0M | $419.0M | ||
| Q2 24 | $209.0M | $45.0M | ||
| Q1 24 | $242.0M | $253.0M |
营业利润率AFGFE
| Q4 25 | 18.4% | -0.6% | ||
| Q3 25 | 11.5% | 20.0% | ||
| Q2 25 | 11.9% | 19.1% | ||
| Q1 25 | 10.6% | 20.0% | ||
| Q4 24 | 14.9% | 19.3% | ||
| Q3 24 | 9.7% | 19.5% | ||
| Q2 24 | 14.3% | 12.9% | ||
| Q1 24 | 15.9% | 18.6% |
净利率AFGFE
| Q4 25 | 14.5% | -1.3% | ||
| Q3 25 | 9.2% | 10.6% | ||
| Q2 25 | 9.0% | 7.9% | ||
| Q1 25 | 8.3% | 9.6% | ||
| Q4 24 | 11.9% | 8.2% | ||
| Q3 24 | 7.6% | 11.2% | ||
| Q2 24 | 11.0% | 1.4% | ||
| Q1 24 | 12.7% | 7.7% |
每股收益（稀释后）AFGFE
| Q4 25 | $3.59 | $-0.08 | ||
| Q3 25 | $2.58 | $0.76 | ||
| Q2 25 | $2.07 | $0.46 | ||
| Q1 25 | $1.84 | $0.62 | ||
| Q4 24 | $3.03 | $0.45 | ||
| Q3 24 | $2.16 | $0.73 | ||
| Q2 24 | $2.49 | $0.08 | ||
| Q1 24 | $2.89 | $0.44 |
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 | $1.7B | $57.0M |
| 总债务越低越好 | $1.8B | $25.5B |
| 股东权益账面价值 | $4.8B | $12.5B |
| 总资产 | $32.6B | $55.9B |
| 负债/权益比越低杠杆越低 | 0.38× | 2.04× |
8季度趋势，按日历期对齐
现金及短期投资AFGFE
| Q4 25 | $1.7B | $57.0M | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.3B | $569.0M | ||
| Q1 25 | $1.3B | $132.0M | ||
| Q4 24 | $1.4B | $111.0M | ||
| Q3 24 | $1.3B | $439.0M | ||
| Q2 24 | $1.1B | $60.0M | ||
| Q1 24 | $1.1B | $888.0M |
总债务AFGFE
| Q4 25 | $1.8B | $25.5B | ||
| Q3 25 | $1.8B | $25.5B | ||
| Q2 25 | $1.5B | $23.7B | ||
| Q1 25 | $1.5B | $21.2B | ||
| Q4 24 | $1.5B | $22.5B | ||
| Q3 24 | $1.5B | $21.6B | ||
| Q2 24 | $1.5B | $20.8B | ||
| Q1 24 | $1.5B | $21.7B |
股东权益AFGFE
| Q4 25 | $4.8B | $12.5B | ||
| Q3 25 | $4.7B | $12.8B | ||
| Q2 25 | $4.5B | $12.9B | ||
| Q1 25 | $4.4B | $12.6B | ||
| Q4 24 | $4.5B | $12.5B | ||
| Q3 24 | $4.7B | $12.4B | ||
| Q2 24 | $4.4B | $12.5B | ||
| Q1 24 | $4.2B | $12.4B |
总资产AFGFE
| Q4 25 | $32.6B | $55.9B | ||
| Q3 25 | $33.8B | $55.9B | ||
| Q2 25 | $30.7B | $54.2B | ||
| Q1 25 | $30.3B | $52.8B | ||
| Q4 24 | $30.8B | $52.0B | ||
| Q3 24 | $32.6B | $50.8B | ||
| Q2 24 | $29.9B | $51.0B | ||
| Q1 24 | $30.0B | $51.3B |
负债/权益比AFGFE
| Q4 25 | 0.38× | 2.04× | ||
| Q3 25 | 0.38× | 1.99× | ||
| Q2 25 | 0.33× | 1.85× | ||
| Q1 25 | 0.34× | 1.69× | ||
| Q4 24 | 0.33× | 1.81× | ||
| Q3 24 | 0.31× | 1.74× | ||
| Q2 24 | 0.34× | 1.67× | ||
| Q1 24 | 0.35× | 1.75× |
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 | $784.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-30.0M |
| 自由现金流率自由现金流/营收 | — | -0.8% |
| 资本支出强度资本支出/营收 | — | 30.7% |
| 现金转化率经营现金流/净利润 | 2.62× | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.0B |
8季度趋势，按日历期对齐
经营现金流AFGFE
| Q4 25 | $784.0M | $1.1B | ||
| Q3 25 | $216.0M | $845.0M | ||
| Q2 25 | $191.0M | $1.1B | ||
| Q1 25 | $342.0M | $637.0M | ||
| Q4 24 | $674.0M | $1.0B | ||
| Q3 24 | $459.0M | $775.0M | ||
| Q2 24 | $-88.0M | $1.1B | ||
| Q1 24 | $107.0M | $-40.0M |
自由现金流AFGFE
| Q4 25 | — | $-30.0M | ||
| Q3 25 | — | $-471.0M | ||
| Q2 25 | — | $-136.0M | ||
| Q1 25 | — | $-368.0M | ||
| Q4 24 | — | $-250.0M | ||
| Q3 24 | — | $-229.0M | ||
| Q2 24 | — | $170.0M | ||
| Q1 24 | — | $-830.0M |
自由现金流率AFGFE
| Q4 25 | — | -0.8% | ||
| Q3 25 | — | -11.4% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | -9.8% | ||
| Q4 24 | — | -7.9% | ||
| Q3 24 | — | -6.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -25.3% |
资本支出强度AFGFE
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 36.0% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 24.0% |
现金转化率AFGFE
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | 1.92× | ||
| Q2 25 | 1.10× | 4.04× | ||
| Q1 25 | 2.22× | 1.77× | ||
| Q4 24 | 2.64× | 4.00× | ||
| Q3 24 | 2.54× | 1.85× | ||
| Q2 24 | -0.42× | 24.71× | ||
| Q1 24 | 0.44× | -0.16× |
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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
