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豪瑞（AMRZ）与Cheniere Energy Partners, L.P.（CQP）财务数据对比。点击上方公司名可切换其他公司
豪瑞的季度营收约是Cheniere Energy Partners, L.P.的1.3倍（$3.7B vs $2.9B），Cheniere Energy Partners, L.P.净利率更高（44.2% vs 14.8%，领先29.4%），Cheniere Energy Partners, L.P.同比增速更快（18.3% vs 6.6%），Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $669.0M）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
本公司为油气领域经营主体，营收数据以十亿美元为统计单位，通常由企业自行披露，同时也会由中立可靠的权威媒体公开报道。受汇率波动、合同结算、年中产品或服务调整等因素影响，已发布数据后续可能进行修订或重述。除特殊说明外，财年区间为每年1月1日至12月31日。
AMRZ vs CQP — 直观对比
营收规模更大
AMRZ
是对方的1.3倍
$2.9B
营收增速更快
CQP
高出11.6%
6.6%
净利率更高
CQP
高出29.4%
14.8%
自由现金流更多
CQP
多$195.0M
$669.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $2.9B |
| 净利润 | $545.0M | $1.3B |
| 毛利率 | 29.6% | — |
| 营业利润率 | 21.2% | 50.5% |
| 净利率 | 14.8% | 44.2% |
| 营收同比 | 6.6% | 18.3% |
| 净利润同比 | -1.4% | 106.6% |
| 每股收益（稀释后） | $0.98 | — |
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AMRZCQP
| Q4 25 | — | $2.9B | ||
| Q3 25 | $3.7B | $2.4B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $3.4B | $2.1B | ||
| Q2 24 | $3.2B | $1.9B | ||
| Q1 24 | — | $2.3B |
净利润AMRZCQP
| Q4 25 | — | $1.3B | ||
| Q3 25 | $545.0M | $506.0M | ||
| Q2 25 | $429.0M | $553.0M | ||
| Q1 25 | — | $641.0M | ||
| Q4 24 | — | $623.0M | ||
| Q3 24 | $553.0M | $635.0M | ||
| Q2 24 | $474.0M | $570.0M | ||
| Q1 24 | — | $682.0M |
毛利率AMRZCQP
| Q4 25 | — | — | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.2% | — | ||
| Q2 24 | 30.2% | — | ||
| Q1 24 | — | — |
营业利润率AMRZCQP
| Q4 25 | — | 50.5% | ||
| Q3 25 | 21.2% | 29.0% | ||
| Q2 25 | 20.8% | 29.1% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 33.0% | ||
| Q3 24 | 24.5% | 40.2% | ||
| Q2 24 | 23.3% | 40.4% | ||
| Q1 24 | — | 38.1% |
净利率AMRZCQP
| Q4 25 | — | 44.2% | ||
| Q3 25 | 14.8% | 21.0% | ||
| Q2 25 | 13.3% | 22.5% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 16.0% | 30.9% | ||
| Q2 24 | 14.6% | 30.1% | ||
| Q1 24 | — | 29.7% |
每股收益（稀释后）AMRZCQP
| Q4 25 | — | — | ||
| Q3 25 | $0.98 | — | ||
| Q2 25 | $0.78 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.00 | — | ||
| Q2 24 | $0.86 | — | ||
| Q1 24 | — | — |
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 | $826.0M | $182.0M |
| 总债务越低越好 | — | $14.2B |
| 股东权益账面价值 | $12.9B | — |
| 总资产 | $24.0B | $17.4B |
| 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AMRZCQP
| Q4 25 | — | $182.0M | ||
| Q3 25 | $826.0M | $121.0M | ||
| Q2 25 | $601.0M | $108.0M | ||
| Q1 25 | — | $94.0M | ||
| Q4 24 | — | $270.0M | ||
| Q3 24 | — | $331.0M | ||
| Q2 24 | — | $351.0M | ||
| Q1 24 | — | $333.0M |
总债务AMRZCQP
| Q4 25 | — | $14.2B | ||
| Q3 25 | — | $14.2B | ||
| Q2 25 | — | $14.2B | ||
| Q1 25 | — | $14.7B | ||
| Q4 24 | — | $14.8B | ||
| Q3 24 | — | $14.8B | ||
| Q2 24 | — | $14.8B | ||
| Q1 24 | — | $13.6B |
股东权益AMRZCQP
| Q4 25 | — | — | ||
| Q3 25 | $12.9B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $9.8B | — | ||
| Q2 24 | $9.3B | — | ||
| Q1 24 | — | — |
总资产AMRZCQP
| Q4 25 | — | $17.4B | ||
| Q3 25 | $24.0B | $16.8B | ||
| Q2 25 | $23.8B | $16.9B | ||
| Q1 25 | — | $17.1B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | — | $17.4B | ||
| Q2 24 | — | $17.5B | ||
| Q1 24 | — | $17.5B |
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 | $854.0M | $887.0M |
| 自由现金流经营现金流 - 资本支出 | $669.0M | $864.0M |
| 自由现金流率自由现金流/营收 | 18.2% | 29.7% |
| 资本支出强度资本支出/营收 | 5.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.57× | 0.69× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流AMRZCQP
| Q4 25 | — | $887.0M | ||
| Q3 25 | $854.0M | $658.0M | ||
| Q2 25 | — | $558.0M | ||
| Q1 25 | — | $665.0M | ||
| Q4 24 | — | $876.0M | ||
| Q3 24 | — | $691.0M | ||
| Q2 24 | — | $732.0M | ||
| Q1 24 | — | $669.0M |
自由现金流AMRZCQP
| Q4 25 | — | $864.0M | ||
| Q3 25 | $669.0M | $610.0M | ||
| Q2 25 | — | $490.0M | ||
| Q1 25 | — | $605.0M | ||
| Q4 24 | — | $827.0M | ||
| Q3 24 | — | $652.0M | ||
| Q2 24 | — | $702.0M | ||
| Q1 24 | — | $633.0M |
自由现金流率AMRZCQP
| Q4 25 | — | 29.7% | ||
| Q3 25 | 18.2% | 25.4% | ||
| Q2 25 | — | 20.0% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 37.1% | ||
| Q1 24 | — | 27.6% |
资本支出强度AMRZCQP
| Q4 25 | — | 0.8% | ||
| Q3 25 | 5.0% | 2.0% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.6% |
现金转化率AMRZCQP
| Q4 25 | — | 0.69× | ||
| Q3 25 | 1.57× | 1.30× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 0.98× |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
