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Atmos Energy（ATO）与哈贝尔（HUBB）财务数据对比。点击上方公司名可切换其他公司
哈贝尔的季度营收约是Atmos Energy的1.1倍（$1.5B vs $1.3B），Atmos Energy净利率更高（30.0% vs 14.6%，领先15.4%），Atmos Energy同比增速更快（14.2% vs 11.9%），哈贝尔自由现金流更多（$388.8M vs $-725.3M），过去两年哈贝尔的营收复合增速更高（3.3% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
ATO vs HUBB — 直观对比
营收规模更大
HUBB
是对方的1.1倍
$1.3B
营收增速更快
ATO
高出2.3%
11.9%
净利率更高
ATO
高出15.4%
14.6%
自由现金流更多
HUBB
多$1.1B
$-725.3M
两年增速更快
HUBB
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $403.0M | $217.7M |
| 毛利率 | — | 34.6% |
| 营业利润率 | 38.3% | 20.3% |
| 净利率 | 30.0% | 14.6% |
| 营收同比 | 14.2% | 11.9% |
| 净利润同比 | 14.5% | 10.5% |
| 每股收益（稀释后） | $2.44 | $4.06 |
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ATOHUBB
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $737.5M | $1.5B | ||
| Q2 25 | $838.8M | $1.5B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $657.9M | $1.4B | ||
| Q2 24 | $701.5M | $1.5B | ||
| Q1 24 | $1.6B | $1.4B |
净利润ATOHUBB
| Q4 25 | $403.0M | $217.7M | ||
| Q3 25 | $174.9M | $255.5M | ||
| Q2 25 | $186.4M | $244.2M | ||
| Q1 25 | $485.6M | $169.7M | ||
| Q4 24 | $351.9M | $197.0M | ||
| Q3 24 | $134.0M | $219.4M | ||
| Q2 24 | $165.6M | $213.6M | ||
| Q1 24 | $432.0M | $147.8M |
毛利率ATOHUBB
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 36.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | 60.0% | 33.1% | ||
| Q4 24 | 80.1% | 33.8% | ||
| Q3 24 | — | 34.5% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | 62.1% | 32.0% |
营业利润率ATOHUBB
| Q4 25 | 38.3% | 20.3% | ||
| Q3 25 | 29.8% | 22.0% | ||
| Q2 25 | 30.1% | 22.7% | ||
| Q1 25 | 32.2% | 17.5% | ||
| Q4 24 | 39.1% | 19.3% | ||
| Q3 24 | 28.1% | 21.1% | ||
| Q2 24 | 31.4% | 20.7% | ||
| Q1 24 | 33.4% | 16.3% |
净利率ATOHUBB
| Q4 25 | 30.0% | 14.6% | ||
| Q3 25 | 23.7% | 17.0% | ||
| Q2 25 | 22.2% | 16.5% | ||
| Q1 25 | 24.9% | 12.4% | ||
| Q4 24 | 29.9% | 14.8% | ||
| Q3 24 | 20.4% | 15.2% | ||
| Q2 24 | 23.6% | 14.7% | ||
| Q1 24 | 26.2% | 10.6% |
每股收益（稀释后）ATOHUBB
| Q4 25 | $2.44 | $4.06 | ||
| Q3 25 | $1.04 | $4.77 | ||
| Q2 25 | $1.16 | $4.56 | ||
| Q1 25 | $3.03 | $3.15 | ||
| Q4 24 | $2.23 | $3.65 | ||
| Q3 24 | $0.82 | $4.05 | ||
| Q2 24 | $1.08 | $3.94 | ||
| Q1 24 | $2.85 | $2.73 |
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 | $367.0M | $497.9M |
| 总债务越低越好 | $9.6B | — |
| 股东权益账面价值 | $14.3B | $3.8B |
| 总资产 | $29.8B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资ATOHUBB
| Q4 25 | $367.0M | $497.9M | ||
| Q3 25 | $202.7M | $680.9M | ||
| Q2 25 | $709.4M | $399.6M | ||
| Q1 25 | $543.5M | $360.3M | ||
| Q4 24 | $584.5M | $345.0M | ||
| Q3 24 | $307.3M | $445.6M | ||
| Q2 24 | $674.6M | $406.5M | ||
| Q1 24 | $262.5M | $400.3M |
总债务ATOHUBB
| Q4 25 | $9.6B | — | ||
| Q3 25 | $8.9B | $1.4B | ||
| Q2 25 | $8.9B | $1.4B | ||
| Q1 25 | $8.4B | $1.4B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $7.8B | $1.7B | ||
| Q2 24 | $7.8B | $1.9B | ||
| Q1 24 | $7.4B | $1.9B |
股东权益ATOHUBB
| Q4 25 | $14.3B | $3.8B | ||
| Q3 25 | $13.6B | $3.7B | ||
| Q2 25 | $13.4B | $3.5B | ||
| Q1 25 | $13.1B | $3.3B | ||
| Q4 24 | $12.8B | $3.3B | ||
| Q3 24 | $12.2B | $3.2B | ||
| Q2 24 | $12.2B | $3.1B | ||
| Q1 24 | $11.6B | $2.9B |
总资产ATOHUBB
| Q4 25 | $29.8B | $8.2B | ||
| Q3 25 | $28.2B | $7.5B | ||
| Q2 25 | $27.7B | $7.1B | ||
| Q1 25 | $27.0B | $6.9B | ||
| Q4 24 | $26.5B | $6.7B | ||
| Q3 24 | $25.2B | $6.9B | ||
| Q2 24 | $24.9B | $6.9B | ||
| Q1 24 | $24.0B | $6.9B |
负债/权益比ATOHUBB
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | 0.39× | ||
| Q2 25 | 0.67× | 0.41× | ||
| Q1 25 | 0.64× | 0.44× | ||
| Q4 24 | 0.66× | 0.44× | ||
| Q3 24 | 0.64× | 0.51× | ||
| Q2 24 | 0.64× | 0.63× | ||
| Q1 24 | 0.64× | 0.65× |
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 | $308.1M | $447.5M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $388.8M |
| 自由现金流率自由现金流/营收 | -54.0% | 26.0% |
| 资本支出强度资本支出/营收 | 77.0% | 3.9% |
| 现金转化率经营现金流/净利润 | 0.76× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $874.7M |
8季度趋势，按日历期对齐
经营现金流ATOHUBB
| Q4 25 | $308.1M | $447.5M | ||
| Q3 25 | $348.1M | $284.3M | ||
| Q2 25 | $496.4M | $260.6M | ||
| Q1 25 | $922.9M | $37.4M | ||
| Q4 24 | $282.0M | $432.4M | ||
| Q3 24 | $330.7M | $227.0M | ||
| Q2 24 | $411.2M | $239.6M | ||
| Q1 24 | $746.6M | $92.2M |
自由现金流ATOHUBB
| Q4 25 | $-725.3M | $388.8M | ||
| Q3 25 | $-615.5M | $253.8M | ||
| Q2 25 | $-370.6M | $220.7M | ||
| Q1 25 | $83.3M | $11.4M | ||
| Q4 24 | $-609.2M | $364.4M | ||
| Q3 24 | $-477.3M | $188.8M | ||
| Q2 24 | $-302.4M | $205.7M | ||
| Q1 24 | $100.7M | $51.9M |
自由现金流率ATOHUBB
| Q4 25 | -54.0% | 26.0% | ||
| Q3 25 | -83.5% | 16.9% | ||
| Q2 25 | -44.2% | 14.9% | ||
| Q1 25 | 4.3% | 0.8% | ||
| Q4 24 | -51.8% | 27.3% | ||
| Q3 24 | -72.5% | 13.1% | ||
| Q2 24 | -43.1% | 14.2% | ||
| Q1 24 | 6.1% | 3.7% |
资本支出强度ATOHUBB
| Q4 25 | 77.0% | 3.9% | ||
| Q3 25 | 130.7% | 2.0% | ||
| Q2 25 | 103.4% | 2.7% | ||
| Q1 25 | 43.0% | 1.9% | ||
| Q4 24 | 75.8% | 5.1% | ||
| Q3 24 | 122.8% | 2.6% | ||
| Q2 24 | 101.7% | 2.3% | ||
| Q1 24 | 39.2% | 2.9% |
现金转化率ATOHUBB
| Q4 25 | 0.76× | 2.06× | ||
| Q3 25 | 1.99× | 1.11× | ||
| Q2 25 | 2.66× | 1.07× | ||
| Q1 25 | 1.90× | 0.22× | ||
| Q4 24 | 0.80× | 2.19× | ||
| Q3 24 | 2.47× | 1.03× | ||
| Q2 24 | 2.48× | 1.12× | ||
| Q1 24 | 1.73× | 0.62× |
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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
