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美国运通（AXP）与ENBRIDGE INC（ENB）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ENBRIDGE INC的1.9倍（$10.9B vs $5.7B），ENBRIDGE INC净利率更高（26.2% vs 22.5%，领先3.7%），美国运通同比增速更快（9.9% vs 5.3%），ENBRIDGE INC自由现金流更多（$2.4B vs $2.3B），过去两年美国运通的营收复合增速更高（8.2% vs 7.6%）
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。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
AXP vs ENB — 直观对比
营收规模更大
AXP
是对方的1.9倍
$5.7B
营收增速更快
AXP
高出4.6%
5.3%
净利率更高
ENB
高出3.7%
22.5%
自由现金流更多
ENB
多$61.8M
$2.3B
两年增速更快
AXP
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.9B | $5.7B |
| 净利润 | $2.5B | $1.5B |
| 毛利率 | — | — |
| 营业利润率 | 28.2% | 34.7% |
| 净利率 | 22.5% | 26.2% |
| 营收同比 | 9.9% | 5.3% |
| 净利润同比 | 13.5% | 246.2% |
| 每股收益（稀释后） | $3.52 | — |
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AXPENB
| Q4 25 | $10.9B | $5.7B | ||
| Q3 25 | $10.4B | $4.5B | ||
| Q2 25 | $10.3B | $4.8B | ||
| Q1 25 | $9.6B | $6.4B | ||
| Q4 24 | $10.0B | $5.4B | ||
| Q3 24 | $9.7B | $4.2B | ||
| Q2 24 | $9.8B | $4.3B | ||
| Q1 24 | $9.3B | $4.9B |
净利润AXPENB
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.9B | $575.2M | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.2B | $434.4M | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $2.4B | $1.1B |
毛利率AXPENB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | — | 26.2% |
营业利润率AXPENB
| Q4 25 | 28.2% | 34.7% | ||
| Q3 25 | 36.7% | 36.9% | ||
| Q2 25 | 34.4% | 35.1% | ||
| Q1 25 | 34.6% | 41.7% | ||
| Q4 24 | 27.7% | 32.8% | ||
| Q3 24 | 33.0% | 38.7% | ||
| Q2 24 | 38.6% | 38.3% | ||
| Q1 24 | 33.7% | 40.0% |
净利率AXPENB
| Q4 25 | 22.5% | 26.2% | ||
| Q3 25 | 27.9% | 12.8% | ||
| Q2 25 | 28.0% | 34.9% | ||
| Q1 25 | 26.8% | 26.8% | ||
| Q4 24 | 21.8% | 8.0% | ||
| Q3 24 | 25.8% | 24.3% | ||
| Q2 24 | 30.7% | 32.8% | ||
| Q1 24 | 26.1% | 22.3% |
每股收益（稀释后）AXPENB
| Q4 25 | $3.52 | — | ||
| Q3 25 | $4.14 | — | ||
| Q2 25 | $4.08 | — | ||
| Q1 25 | $3.64 | — | ||
| Q4 24 | $3.04 | — | ||
| Q3 24 | $3.49 | — | ||
| Q2 24 | $4.15 | — | ||
| Q1 24 | $3.33 | — |
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 | $742.0M | $798.6M |
| 总债务越低越好 | $56.4B | $72.2B |
| 股东权益账面价值 | $33.5B | $45.5B |
| 总资产 | $300.1B | $159.5B |
| 负债/权益比越低杠杆越低 | 1.68× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资AXPENB
| Q4 25 | $742.0M | $798.6M | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $197.0M | $878.2M | ||
| Q1 25 | $261.0M | $1.5B | ||
| Q4 24 | $221.0M | $1.3B | ||
| Q3 24 | $120.0M | $1.4B | ||
| Q2 24 | $188.0M | $2.6B | ||
| Q1 24 | $69.0M | $886.2M |
总债务AXPENB
| Q4 25 | $56.4B | $72.2B | ||
| Q3 25 | $57.8B | $73.4B | ||
| Q2 25 | $58.2B | $70.8B | ||
| Q1 25 | $51.2B | $70.9B | ||
| Q4 24 | $49.7B | $68.2B | ||
| Q3 24 | $53.5B | $63.7B | ||
| Q2 24 | $51.5B | $62.2B | ||
| Q1 24 | $48.8B | $59.4B |
股东权益AXPENB
| Q4 25 | $33.5B | $45.5B | ||
| Q3 25 | $32.4B | $47.6B | ||
| Q2 25 | $32.3B | $47.8B | ||
| Q1 25 | $31.2B | $49.8B | ||
| Q4 24 | $30.3B | $48.1B | ||
| Q3 24 | $29.7B | $48.0B | ||
| Q2 24 | $29.5B | $49.1B | ||
| Q1 24 | $28.8B | $46.9B |
总资产AXPENB
| Q4 25 | $300.1B | $159.5B | ||
| Q3 25 | $297.6B | $158.4B | ||
| Q2 25 | $295.6B | $154.5B | ||
| Q1 25 | $282.2B | $160.6B | ||
| Q4 24 | $271.5B | $159.9B | ||
| Q3 24 | $271.0B | $150.2B | ||
| Q2 24 | $272.2B | $146.9B | ||
| Q1 24 | $269.3B | $139.2B |
负债/权益比AXPENB
| Q4 25 | 1.68× | 1.59× | ||
| Q3 25 | 1.78× | 1.54× | ||
| Q2 25 | 1.80× | 1.48× | ||
| Q1 25 | 1.64× | 1.42× | ||
| Q4 24 | 1.64× | 1.42× | ||
| Q3 24 | 1.80× | 1.33× | ||
| Q2 24 | 1.74× | 1.27× | ||
| Q1 24 | 1.70× | 1.27× |
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 | $3.1B | $9.0B |
| 自由现金流经营现金流 - 资本支出 | $2.3B | $2.4B |
| 自由现金流率自由现金流/营收 | 21.4% | 42.0% |
| 资本支出强度资本支出/营收 | 6.6% | 114.3% |
| 现金转化率经营现金流/净利润 | 1.25× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $16.0B | — |
8季度趋势，按日历期对齐
经营现金流AXPENB
| Q4 25 | $3.1B | $9.0B | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.8B | $2.2B | ||
| Q4 24 | $5.8B | $9.2B | ||
| Q3 24 | $-1.8B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $5.6B | $2.3B |
自由现金流AXPENB
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $4.3B | $970.9M | ||
| Q4 24 | $5.3B | $4.3B | ||
| Q3 24 | $-2.3B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $5.2B | $1.4B |
自由现金流率AXPENB
| Q4 25 | 21.4% | 42.0% | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 45.0% | 15.1% | ||
| Q4 24 | 53.1% | 79.0% | ||
| Q3 24 | -23.3% | — | ||
| Q2 24 | 40.4% | — | ||
| Q1 24 | 55.2% | 29.0% |
资本支出强度AXPENB
| Q4 25 | 6.6% | 114.3% | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 4.5% | 19.6% | ||
| Q4 24 | 5.0% | 90.1% | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 4.2% | 17.5% |
现金转化率AXPENB
| Q4 25 | 1.25× | 5.96× | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | 1.29× | ||
| Q4 24 | 2.66× | 21.18× | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.28× | 2.08× |
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
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
ENB
暂无分部数据
