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ALGONQUIN POWER & UTILITIES CORP.（AQN）与BLACK HILLS CORP（BKH）财务数据对比。点击上方公司名可切换其他公司
BLACK HILLS CORP的季度营收约是ALGONQUIN POWER & UTILITIES CORP.的1.2倍（$622.7M vs $527.8M）。BLACK HILLS CORP净利率更高（16.8% vs 4.6%，领先12.3%）。BLACK HILLS CORP同比增速更快（6.4% vs -11.8%）。ALGONQUIN POWER & UTILITIES CORP.自由现金流更多（$64.1M vs $-101.5M）
阿尔冈昆电力公用事业公司是加拿大受监管的公用事业企业，资产布局覆盖北美、百慕大及智利地区，旗下运营Liberty Utilities、百慕大电力照明公司、智利Suralis等子公司，提供供水、污水处理、天然气及电力供应服务。
布莱克山集团是美国多元化能源企业，总部位于南达科他州拉皮德城，名称来源于当地的布莱克山区域。公司主营电力与天然气公用事业，服务覆盖南达科他、蒙大拿、怀俄明、科罗拉多等多个州，电力产品行销整个美国西部地区。
AQN vs BKH — 直观对比
营收规模更大
BKH
是对方的1.2倍
$527.8M
营收增速更快
BKH
高出18.3%
-11.8%
净利率更高
BKH
高出12.3%
4.6%
自由现金流更多
AQN
多$165.6M
$-101.5M
损益表 — Q2 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $527.8M | $622.7M |
| 净利润 | $24.1M | $104.9M |
| 毛利率 | 36.8% | — |
| 营业利润率 | 12.3% | 27.5% |
| 净利率 | 4.6% | 16.8% |
| 营收同比 | -11.8% | 6.4% |
| 净利润同比 | -88.0% | 7.0% |
| 每股收益（稀释后） | $0.02 | $1.39 |
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AQNBKH
| Q4 25 | — | $622.7M | ||
| Q3 25 | — | $427.4M | ||
| Q2 25 | $527.8M | $435.7M | ||
| Q1 25 | — | $800.4M | ||
| Q4 24 | — | $585.1M | ||
| Q3 24 | — | $398.6M | ||
| Q2 24 | $598.6M | $397.1M | ||
| Q1 24 | — | $717.2M |
净利润AQNBKH
| Q4 25 | — | $104.9M | ||
| Q3 25 | — | $24.9M | ||
| Q2 25 | $24.1M | $27.5M | ||
| Q1 25 | — | $134.3M | ||
| Q4 24 | — | $98.0M | ||
| Q3 24 | — | $24.4M | ||
| Q2 24 | $200.8M | $22.8M | ||
| Q1 24 | — | $127.9M |
毛利率AQNBKH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 36.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 29.6% | — | ||
| Q1 24 | — | — |
营业利润率AQNBKH
| Q4 25 | — | 27.5% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | 12.3% | 18.9% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 19.0% | ||
| Q2 24 | 13.7% | 17.8% | ||
| Q1 24 | — | 27.0% |
净利率AQNBKH
| Q4 25 | — | 16.8% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | 4.6% | 6.3% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | 33.5% | 5.7% | ||
| Q1 24 | — | 17.8% |
每股收益（稀释后）AQNBKH
| Q4 25 | — | $1.39 | ||
| Q3 25 | — | $0.34 | ||
| Q2 25 | $0.02 | $0.38 | ||
| Q1 25 | — | $1.87 | ||
| Q4 24 | — | $1.36 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | $0.03 | $0.33 | ||
| Q1 24 | — | $1.87 |
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 | $55.1M | $182.8M |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $4.7B | $3.8B |
| 总资产 | $3.6B | $10.9B |
| 负债/权益比越低杠杆越低 | 1.35× | — |
8季度趋势，按日历期对齐
现金及短期投资AQNBKH
| Q4 25 | — | $182.8M | ||
| Q3 25 | — | $21.1M | ||
| Q2 25 | $55.1M | $8.1M | ||
| Q1 25 | — | $6.6M | ||
| Q4 24 | — | $16.1M | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | $237.9M | $624.8M | ||
| Q1 24 | — | $123.0M |
总债务AQNBKH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $8.3B | — | ||
| Q1 24 | — | — |
股东权益AQNBKH
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $4.7B | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $6.2B | $3.4B | ||
| Q1 24 | — | $3.3B |
总资产AQNBKH
| Q4 25 | — | $10.9B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | $3.6B | $10.1B | ||
| Q1 25 | — | $10.1B | ||
| Q4 24 | — | $10.0B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | $3.1B | $10.2B | ||
| Q1 24 | — | $9.7B |
负债/权益比AQNBKH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | — | — |
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 | $249.9M | $168.1M |
| 自由现金流经营现金流 - 资本支出 | $64.1M | $-101.5M |
| 自由现金流率自由现金流/营收 | 12.1% | -16.3% |
| 资本支出强度资本支出/营收 | 35.2% | 43.3% |
| 现金转化率经营现金流/净利润 | 10.37× | 1.60× |
| 过去12个月自由现金流最近4个季度 | $-41.0K | $-146.4M |
8季度趋势，按日历期对齐
经营现金流AQNBKH
| Q4 25 | — | $168.1M | ||
| Q3 25 | — | $88.9M | ||
| Q2 25 | $249.9M | $188.6M | ||
| Q1 25 | — | $227.8M | ||
| Q4 24 | — | $153.2M | ||
| Q3 24 | — | $102.1M | ||
| Q2 24 | $236.2M | $230.6M | ||
| Q1 24 | — | $233.4M |
自由现金流AQNBKH
| Q4 25 | — | $-101.5M | ||
| Q3 25 | — | $-89.5M | ||
| Q2 25 | $64.1M | $-30.3M | ||
| Q1 25 | — | $74.9M | ||
| Q4 24 | — | $-60.5M | ||
| Q3 24 | — | $-86.0M | ||
| Q2 24 | $31.9M | $64.4M | ||
| Q1 24 | — | $57.2M |
自由现金流率AQNBKH
| Q4 25 | — | -16.3% | ||
| Q3 25 | — | -20.9% | ||
| Q2 25 | 12.1% | -7.0% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | — | -10.3% | ||
| Q3 24 | — | -21.6% | ||
| Q2 24 | 5.3% | 16.2% | ||
| Q1 24 | — | 8.0% |
资本支出强度AQNBKH
| Q4 25 | — | 43.3% | ||
| Q3 25 | — | 41.7% | ||
| Q2 25 | 35.2% | 50.2% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 47.2% | ||
| Q2 24 | 34.1% | 41.9% | ||
| Q1 24 | — | 24.6% |
现金转化率AQNBKH
| Q4 25 | — | 1.60× | ||
| Q3 25 | — | 3.57× | ||
| Q2 25 | 10.37× | 6.86× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 4.18× | ||
| Q2 24 | 1.18× | 10.11× | ||
| Q1 24 | — | 1.82× |
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
AQN
暂无分部数据
BKH
| Gas Utilities | $391.1M | 63% |
| Retail Electric Natural Gasand Coal | $189.7M | 30% |
| Other | $15.3M | 2% |
| Market Off System Sales | $13.6M | 2% |
| Transferred At Point In Time | $8.9M | 1% |
| Wholesale | $4.9M | 1% |
| Inter Segment Revenues | $2.4M | 0% |
