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Atmos Energy（ATO）与OPAL Fuels Inc.（OPAL）财务数据对比。点击上方公司名可切换其他公司
Atmos Energy的季度营收约是OPAL Fuels Inc.的15.2倍（$1.3B vs $88.4M）。Atmos Energy净利率更高（30.0% vs 18.3%，领先11.7%）。OPAL Fuels Inc.同比增速更快（18.7% vs 14.2%）。OPAL Fuels Inc.自由现金流更多（$-13.4M vs $-725.3M）。过去两年OPAL Fuels Inc.的营收复合增速更高（17.6% 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。
OPAL Fuels Inc.是一家北美能源企业，专注于生产和分销低碳可再生天然气（RNG）。公司从垃圾填埋场、奶牛场等有机废物流中收集甲烷，产出的可再生天然气主要供应给重型运输车队、商业物流运营商及公共交通实体，助力降低碳排放。
ATO vs OPAL — 直观对比
营收规模更大
ATO
是对方的15.2倍
$88.4M
营收增速更快
OPAL
高出4.6%
14.2%
净利率更高
ATO
高出11.7%
18.3%
自由现金流更多
OPAL
多$711.9M
$-725.3M
两年增速更快
OPAL
近两年复合增速
-9.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $88.4M |
| 净利润 | $403.0M | $16.2M |
| 毛利率 | — | — |
| 营业利润率 | 38.3% | 7.5% |
| 净利率 | 30.0% | 18.3% |
| 营收同比 | 14.2% | 18.7% |
| 净利润同比 | 14.5% | 401.5% |
| 每股收益（稀释后） | $2.44 | $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ATOOPAL
| Q4 25 | $1.3B | $88.4M | ||
| Q3 25 | $737.5M | $77.9M | ||
| Q2 25 | $838.8M | $77.4M | ||
| Q1 25 | $2.0B | $83.0M | ||
| Q4 24 | $1.2B | $74.5M | ||
| Q3 24 | $657.9M | $82.6M | ||
| Q2 24 | $701.5M | $69.8M | ||
| Q1 24 | $1.6B | $64.0M |
净利润ATOOPAL
| Q4 25 | $403.0M | $16.2M | ||
| Q3 25 | $174.9M | $11.4M | ||
| Q2 25 | $186.4M | $7.6M | ||
| Q1 25 | $485.6M | $1.3M | ||
| Q4 24 | $351.9M | $-5.4M | ||
| Q3 24 | $134.0M | $17.1M | ||
| Q2 24 | $165.6M | $1.9M | ||
| Q1 24 | $432.0M | $677.0K |
毛利率ATOOPAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.0% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 62.1% | — |
营业利润率ATOOPAL
| Q4 25 | 38.3% | 7.5% | ||
| Q3 25 | 29.8% | 4.6% | ||
| Q2 25 | 30.1% | -1.1% | ||
| Q1 25 | 32.2% | -2.3% | ||
| Q4 24 | 39.1% | -0.5% | ||
| Q3 24 | 28.1% | 14.9% | ||
| Q2 24 | 31.4% | 8.1% | ||
| Q1 24 | 33.4% | 5.6% |
净利率ATOOPAL
| Q4 25 | 30.0% | 18.3% | ||
| Q3 25 | 23.7% | 14.6% | ||
| Q2 25 | 22.2% | 9.8% | ||
| Q1 25 | 24.9% | 1.5% | ||
| Q4 24 | 29.9% | -7.2% | ||
| Q3 24 | 20.4% | 20.7% | ||
| Q2 24 | 23.6% | 2.7% | ||
| Q1 24 | 26.2% | 1.1% |
每股收益（稀释后）ATOOPAL
| Q4 25 | $2.44 | $0.08 | ||
| Q3 25 | $1.04 | $0.05 | ||
| Q2 25 | $1.16 | $0.03 | ||
| Q1 25 | $3.03 | $-0.01 | ||
| Q4 24 | $2.23 | $-0.05 | ||
| Q3 24 | $0.82 | $0.09 | ||
| Q2 24 | $1.08 | $-0.01 | ||
| Q1 24 | $2.85 | $-0.01 |
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 | $24.4M |
| 总债务越低越好 | $9.6B | $361.3M |
| 股东权益账面价值 | $14.3B | $-12.9M |
| 总资产 | $29.8B | $959.5M |
| 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ATOOPAL
| Q4 25 | $367.0M | $24.4M | ||
| Q3 25 | $202.7M | $29.9M | ||
| Q2 25 | $709.4M | $29.3M | ||
| Q1 25 | $543.5M | $40.1M | ||
| Q4 24 | $584.5M | $24.3M | ||
| Q3 24 | $307.3M | $31.0M | ||
| Q2 24 | $674.6M | $27.6M | ||
| Q1 24 | $262.5M | $34.2M |
总债务ATOOPAL
| Q4 25 | $9.6B | $361.3M | ||
| Q3 25 | $8.9B | $351.2M | ||
| Q2 25 | $8.9B | $331.6M | ||
| Q1 25 | $8.4B | $307.0M | ||
| Q4 24 | $8.4B | $307.5M | ||
| Q3 24 | $7.8B | $252.9M | ||
| Q2 24 | $7.8B | $233.3M | ||
| Q1 24 | $7.4B | $208.7M |
股东权益ATOOPAL
| Q4 25 | $14.3B | $-12.9M | ||
| Q3 25 | $13.6B | $7.5M | ||
| Q2 25 | $13.4B | $-25.0M | ||
| Q1 25 | $13.1B | $57.1M | ||
| Q4 24 | $12.8B | $-148.4M | ||
| Q3 24 | $12.2B | $-180.1M | ||
| Q2 24 | $12.2B | $-273.0M | ||
| Q1 24 | $11.6B | $-382.4M |
总资产ATOOPAL
| Q4 25 | $29.8B | $959.5M | ||
| Q3 25 | $28.2B | $916.7M | ||
| Q2 25 | $27.7B | $905.5M | ||
| Q1 25 | $27.0B | $884.9M | ||
| Q4 24 | $26.5B | $881.1M | ||
| Q3 24 | $25.2B | $831.1M | ||
| Q2 24 | $24.9B | $782.3M | ||
| Q1 24 | $24.0B | $750.5M |
负债/权益比ATOOPAL
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | 46.95× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.64× | 5.38× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.64× | — |
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 | $-3.5M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $-13.4M |
| 自由现金流率自由现金流/营收 | -54.0% | -15.1% |
| 资本支出强度资本支出/营收 | 77.0% | 11.1% |
| 现金转化率经营现金流/净利润 | 0.76× | -0.22× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $-34.2M |
8季度趋势，按日历期对齐
经营现金流ATOOPAL
| Q4 25 | $308.1M | $-3.5M | ||
| Q3 25 | $348.1M | $18.2M | ||
| Q2 25 | $496.4M | $-7.9M | ||
| Q1 25 | $922.9M | $29.7M | ||
| Q4 24 | $282.0M | $-532.0K | ||
| Q3 24 | $330.7M | $17.7M | ||
| Q2 24 | $411.2M | $533.0K | ||
| Q1 24 | $746.6M | $13.7M |
自由现金流ATOOPAL
| Q4 25 | $-725.3M | $-13.4M | ||
| Q3 25 | $-615.5M | $-9.3M | ||
| Q2 25 | $-370.6M | $-29.7M | ||
| Q1 25 | $83.3M | $18.1M | ||
| Q4 24 | $-609.2M | $-55.0M | ||
| Q3 24 | $-477.3M | $-5.4M | ||
| Q2 24 | $-302.4M | $-22.5M | ||
| Q1 24 | $100.7M | $-13.0M |
自由现金流率ATOOPAL
| Q4 25 | -54.0% | -15.1% | ||
| Q3 25 | -83.5% | -11.9% | ||
| Q2 25 | -44.2% | -38.4% | ||
| Q1 25 | 4.3% | 21.8% | ||
| Q4 24 | -51.8% | -73.8% | ||
| Q3 24 | -72.5% | -6.5% | ||
| Q2 24 | -43.1% | -32.2% | ||
| Q1 24 | 6.1% | -20.4% |
资本支出强度ATOOPAL
| Q4 25 | 77.0% | 11.1% | ||
| Q3 25 | 130.7% | 35.3% | ||
| Q2 25 | 103.4% | 28.2% | ||
| Q1 25 | 43.0% | 13.9% | ||
| Q4 24 | 75.8% | 73.1% | ||
| Q3 24 | 122.8% | 27.9% | ||
| Q2 24 | 101.7% | 32.9% | ||
| Q1 24 | 39.2% | 41.8% |
现金转化率ATOOPAL
| Q4 25 | 0.76× | -0.22× | ||
| Q3 25 | 1.99× | 1.60× | ||
| Q2 25 | 2.66× | -1.04× | ||
| Q1 25 | 1.90× | 23.11× | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 2.47× | 1.03× | ||
| Q2 24 | 2.48× | 0.28× | ||
| Q1 24 | 1.73× | 20.26× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
