vs
美国运通（AXP）与Constellation Energy（CEG）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是Constellation Energy的3.3倍（$18.9B vs $5.7B），美国运通净利率更高（15.7% vs 7.6%，领先8.1%），Constellation Energy同比增速更快（25.8% vs 11.4%），过去两年美国运通的营收复合增速更高（38.8% vs 4.0%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
Constellation Energy是总部位于美国马里兰州巴尔的摩的大型能源企业，核心业务涵盖电力供应、天然气供应以及专业能源管理服务，业务范围覆盖美国本土全境，累计服务的个人及企业客户总量约200万。
AXP vs CEG — 直观对比
营收规模更大
AXP
是对方的3.3倍
$5.7B
营收增速更快
CEG
高出14.4%
11.4%
净利率更高
AXP
高出8.1%
7.6%
两年增速更快
AXP
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $5.7B |
| 净利润 | $3.0B | $432.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.5% |
| 净利率 | 15.7% | 7.6% |
| 营收同比 | 11.4% | 25.8% |
| 净利润同比 | 15.0% | -49.3% |
| 每股收益（稀释后） | $4.28 | $1.38 |
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AXPCEG
| Q1 26 | $18.9B | — | ||
| Q4 25 | $10.9B | $5.7B | ||
| Q3 25 | $10.4B | $5.7B | ||
| Q2 25 | $10.3B | $5.2B | ||
| Q1 25 | $9.6B | $6.1B | ||
| Q4 24 | $10.0B | $4.5B | ||
| Q3 24 | $9.7B | $4.8B | ||
| Q2 24 | $9.8B | $4.4B |
净利润AXPCEG
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.5B | $432.0M | ||
| Q3 25 | $2.9B | $930.0M | ||
| Q2 25 | $2.9B | $839.0M | ||
| Q1 25 | $2.6B | $118.0M | ||
| Q4 24 | $2.2B | $852.0M | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $3.0B | $814.0M |
营业利润率AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 10.5% | ||
| Q3 25 | 36.7% | 19.0% | ||
| Q2 25 | 34.4% | 18.4% | ||
| Q1 25 | 34.6% | 7.4% | ||
| Q4 24 | 27.7% | 21.5% | ||
| Q3 24 | 33.0% | 30.7% | ||
| Q2 24 | 38.6% | 25.0% |
净利率AXPCEG
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 7.6% | ||
| Q3 25 | 27.9% | 16.3% | ||
| Q2 25 | 28.0% | 16.3% | ||
| Q1 25 | 26.8% | 1.9% | ||
| Q4 24 | 21.8% | 18.8% | ||
| Q3 24 | 25.8% | 25.1% | ||
| Q2 24 | 30.7% | 18.5% |
每股收益（稀释后）AXPCEG
| Q1 26 | $4.28 | — | ||
| Q4 25 | $3.52 | $1.38 | ||
| Q3 25 | $4.14 | $2.97 | ||
| Q2 25 | $4.08 | $2.67 | ||
| Q1 25 | $3.64 | $0.38 | ||
| Q4 24 | $3.04 | $2.71 | ||
| Q3 24 | $3.49 | $3.82 | ||
| Q2 24 | $4.15 | $2.58 |
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 | — | $3.6B |
| 总债务越低越好 | $60.4M | $7.4B |
| 股东权益账面价值 | $34.0M | $14.5B |
| 总资产 | $308.9M | $57.2B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $3.6B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $197.0M | $2.0B | ||
| Q1 25 | $261.0M | $1.8B | ||
| Q4 24 | $221.0M | $3.0B | ||
| Q3 24 | $120.0M | $1.8B | ||
| Q2 24 | $188.0M | $311.0M |
总债务AXPCEG
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $7.4B | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $8.5B | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
股东权益AXPCEG
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $14.5B | ||
| Q3 25 | $32.4B | $14.3B | ||
| Q2 25 | $32.3B | $13.4B | ||
| Q1 25 | $31.2B | $13.0B | ||
| Q4 24 | $30.3B | $13.2B | ||
| Q3 24 | $29.7B | $12.6B | ||
| Q2 24 | $29.5B | $11.4B |
总资产AXPCEG
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $57.2B | ||
| Q3 25 | $297.6B | $56.2B | ||
| Q2 25 | $295.6B | $53.0B | ||
| Q1 25 | $282.2B | $52.3B | ||
| Q4 24 | $271.5B | $52.9B | ||
| Q3 24 | $271.0B | $51.8B | ||
| Q2 24 | $272.2B | $51.3B |
负债/权益比AXPCEG
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.51× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 0.64× | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — |
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 | — | $805.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-181.0M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 17.3% |
| 现金转化率经营现金流/净利润 | — | 1.86× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $805.0M | ||
| Q3 25 | $6.2B | $1.8B | ||
| Q2 25 | $4.4B | $1.5B | ||
| Q1 25 | $4.8B | $107.0M | ||
| Q4 24 | $5.8B | $-1.0B | ||
| Q3 24 | $-1.8B | $-112.0M | ||
| Q2 24 | $4.5B | $-613.0M |
自由现金流AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-181.0M | ||
| Q3 25 | $5.6B | $1.5B | ||
| Q2 25 | $3.7B | $710.0M | ||
| Q1 25 | $4.3B | $-699.0M | ||
| Q4 24 | $5.3B | $-1.7B | ||
| Q3 24 | $-2.3B | $-664.0M | ||
| Q2 24 | $4.0B | $-1.2B |
自由现金流率AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | -3.2% | ||
| Q3 25 | 53.6% | 25.6% | ||
| Q2 25 | 36.3% | 13.8% | ||
| Q1 25 | 45.0% | -11.4% | ||
| Q4 24 | 53.1% | -38.6% | ||
| Q3 24 | -23.3% | -13.9% | ||
| Q2 24 | 40.4% | -26.3% |
资本支出强度AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 17.3% | ||
| Q3 25 | 6.3% | 6.8% | ||
| Q2 25 | 6.0% | 14.9% | ||
| Q1 25 | 4.5% | 13.2% | ||
| Q4 24 | 5.0% | 16.1% | ||
| Q3 24 | 4.7% | 11.6% | ||
| Q2 24 | 5.8% | 12.4% |
现金转化率AXPCEG
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 1.86× | ||
| Q3 25 | 2.15× | 1.99× | ||
| Q2 25 | 1.51× | 1.76× | ||
| Q1 25 | 1.84× | 0.91× | ||
| Q4 24 | 2.66× | -1.19× | ||
| Q3 24 | -0.72× | -0.09× | ||
| Q2 24 | 1.50× | -0.75× |
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
AXP
暂无分部数据
CEG
| Constellation Mid Atlantic | $1.6B | 29% |
| Constellation Midwest | $1.3B | 23% |
| Constellation Other Regions | $1.1B | 20% |
| Other | $660.0M | 12% |
| Constellation New York | $618.0M | 11% |
| Constellation ERCOT | $292.0M | 5% |
