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Aflac（AFL）与NextEra Energy（NEE）财务数据对比。点击上方公司名可切换其他公司
NextEra Energy的季度营收约是Aflac的1.2倍（$6.0B vs $4.9B），Aflac净利率更高（28.3% vs 25.6%，领先2.7%），NextEra Energy同比增速更快（11.1% vs -10.0%），过去两年NextEra Energy的营收复合增速更高（5.4% vs -5.4%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
NextEra Energy是美国能源企业，也是全球市值最高的电力公用事业控股公司，截至2024年10月市值超1700亿美元。2024年营收达248亿美元，在美加两国共有1.67万名员工，当前发电装机容量为73吉瓦，旗下拥有佛罗里达电力照明等多家子公司。
AFL vs NEE — 直观对比
营收规模更大
NEE
是对方的1.2倍
$4.9B
营收增速更快
NEE
高出21.1%
-10.0%
净利率更高
AFL
高出2.7%
25.6%
两年增速更快
NEE
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $6.0B |
| 净利润 | $1.4B | $1.5B |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | 26.4% |
| 净利率 | 28.3% | 25.6% |
| 营收同比 | -10.0% | 11.1% |
| 净利润同比 | -27.5% | 27.6% |
| 每股收益（稀释后） | $2.58 | $0.74 |
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AFLNEE
| Q4 25 | $4.9B | $6.0B | ||
| Q3 25 | $4.7B | $7.4B | ||
| Q2 25 | $4.2B | $6.4B | ||
| Q1 25 | $3.4B | $6.0B | ||
| Q4 24 | $5.4B | $5.4B | ||
| Q3 24 | $2.9B | $6.7B | ||
| Q2 24 | $5.1B | $6.0B | ||
| Q1 24 | $5.4B | $5.4B |
净利润AFLNEE
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $599.0M | $2.0B | ||
| Q1 25 | $29.0M | $833.0M | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $-93.0M | $1.9B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.9B | $2.3B |
营业利润率AFLNEE
| Q4 25 | 32.3% | 26.4% | ||
| Q3 25 | 42.1% | 34.1% | ||
| Q2 25 | 19.8% | 29.9% | ||
| Q1 25 | 4.3% | 37.6% | ||
| Q4 24 | 39.5% | 17.4% | ||
| Q3 24 | 3.1% | 42.6% | ||
| Q2 24 | 39.3% | 27.8% | ||
| Q1 24 | 39.9% | 37.3% |
净利率AFLNEE
| Q4 25 | 28.3% | 25.6% | ||
| Q3 25 | 34.6% | 32.9% | ||
| Q2 25 | 14.4% | 31.7% | ||
| Q1 25 | 0.9% | 13.9% | ||
| Q4 24 | 35.2% | 22.3% | ||
| Q3 24 | -3.2% | 27.6% | ||
| Q2 24 | 34.2% | 27.0% | ||
| Q1 24 | 34.6% | 42.0% |
每股收益（稀释后）AFLNEE
| Q4 25 | $2.58 | $0.74 | ||
| Q3 25 | $3.08 | $1.18 | ||
| Q2 25 | $1.11 | $0.98 | ||
| Q1 25 | $0.05 | $0.40 | ||
| Q4 24 | $3.45 | $0.58 | ||
| Q3 24 | $-0.17 | $0.90 | ||
| Q2 24 | $3.10 | $0.79 | ||
| Q1 24 | $3.25 | $1.10 |
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 | $6.2B | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $29.5B | $54.6B |
| 总资产 | $116.5B | $212.7B |
| 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AFLNEE
| Q4 25 | $6.2B | $2.8B | ||
| Q3 25 | $6.8B | $2.4B | ||
| Q2 25 | $7.0B | $1.7B | ||
| Q1 25 | $5.2B | $2.4B | ||
| Q4 24 | $6.2B | $1.5B | ||
| Q3 24 | $5.6B | $2.3B | ||
| Q2 24 | $6.1B | $1.6B | ||
| Q1 24 | $5.1B | $1.6B |
股东权益AFLNEE
| Q4 25 | $29.5B | $54.6B | ||
| Q3 25 | $28.7B | $54.2B | ||
| Q2 25 | $27.2B | $50.8B | ||
| Q1 25 | $26.3B | $49.8B | ||
| Q4 24 | $26.1B | $50.1B | ||
| Q3 24 | $24.8B | $50.1B | ||
| Q2 24 | $26.0B | $49.1B | ||
| Q1 24 | $23.5B | $48.6B |
总资产AFLNEE
| Q4 25 | $116.5B | $212.7B | ||
| Q3 25 | $122.3B | $204.4B | ||
| Q2 25 | $124.7B | $198.8B | ||
| Q1 25 | $120.3B | $194.3B | ||
| Q4 24 | $117.6B | $190.1B | ||
| Q3 24 | $128.4B | $186.0B | ||
| Q2 24 | $120.2B | $184.7B | ||
| Q1 24 | $124.7B | $179.9B |
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 | $315.0M | $2.5B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.23× | 1.63× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFLNEE
| Q4 25 | $315.0M | $2.5B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $399.0M | $3.2B | ||
| Q1 25 | $589.0M | $2.8B | ||
| Q4 24 | $333.0M | $2.0B | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $255.0M | $3.9B | ||
| Q1 24 | $849.0M | $3.1B |
现金转化率AFLNEE
| Q4 25 | 0.23× | 1.63× | ||
| Q3 25 | 0.76× | 1.65× | ||
| Q2 25 | 0.67× | 1.57× | ||
| Q1 25 | 20.31× | 3.32× | ||
| Q4 24 | 0.18× | 1.65× | ||
| Q3 24 | — | 2.31× | ||
| Q2 24 | 0.15× | 2.42× | ||
| Q1 24 | 0.45× | 1.36× |
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
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
