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美国运通（AXP）与Energy Transfer LP（ET）财务数据对比。点击上方公司名可切换其他公司
Energy Transfer LP的季度营收约是美国运通的1.3倍（$25.3B vs $18.9B），美国运通净利率更高（15.7% vs 4.9%，领先10.8%），Energy Transfer LP同比增速更快（29.6% vs 11.4%），过去两年美国运通的营收复合增速更高（38.8% vs 10.4%）
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。
Energy Transfer LP是美国知名能源基础设施运营商，1996年成立，总部位于得克萨斯州达拉斯，主营天然气、原油、液化天然气、成品油等能源产品的管道运输、存储、终端运营及天然气凝析液分馏业务，为公开上市的有限合伙企业。
AXP vs ET — 直观对比
营收规模更大
ET
是对方的1.3倍
$18.9B
营收增速更快
ET
高出18.1%
11.4%
净利率更高
AXP
高出10.8%
4.9%
两年增速更快
AXP
近两年复合增速
10.4%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $25.3B |
| 净利润 | $3.0B | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | — | 8.2% |
| 净利率 | 15.7% | 4.9% |
| 营收同比 | 11.4% | 29.6% |
| 净利润同比 | 15.0% | -14.4% |
| 每股收益（稀释后） | $4.28 | $0.25 |
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AXPET
| Q4 26 | — | $25.3B | ||
| Q1 26 | $18.9B | $27.8B | ||
| Q4 25 | $10.9B | $25.3B | ||
| Q3 25 | $10.4B | $20.0B | ||
| Q2 25 | $10.3B | $19.2B | ||
| Q1 25 | $9.6B | $21.0B | ||
| Q4 24 | $10.0B | $19.5B | ||
| Q3 24 | $9.7B | $20.8B |
净利润AXPET
| Q4 26 | — | $1.2B | ||
| Q1 26 | $3.0B | $2.0B | ||
| Q4 25 | $2.5B | $928.0M | ||
| Q3 25 | $2.9B | $1.0B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.5B | $1.2B |
毛利率AXPET
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 27.0% | ||
| Q2 25 | — | 27.5% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | — | 24.8% |
营业利润率AXPET
| Q4 26 | — | 8.2% | ||
| Q1 26 | — | 10.7% | ||
| Q4 25 | 28.2% | 8.2% | ||
| Q3 25 | 36.7% | 10.8% | ||
| Q2 25 | 34.4% | 12.0% | ||
| Q1 25 | 34.6% | 11.9% | ||
| Q4 24 | 27.7% | 11.7% | ||
| Q3 24 | 33.0% | 10.5% |
净利率AXPET
| Q4 26 | — | 4.9% | ||
| Q1 26 | 15.7% | 7.1% | ||
| Q4 25 | 22.5% | 3.7% | ||
| Q3 25 | 27.9% | 5.1% | ||
| Q2 25 | 28.0% | 6.0% | ||
| Q1 25 | 26.8% | 6.3% | ||
| Q4 24 | 21.8% | 5.5% | ||
| Q3 24 | 25.8% | 5.7% |
每股收益（稀释后）AXPET
| Q4 26 | — | $0.25 | ||
| Q1 26 | $4.28 | $0.35 | ||
| Q4 25 | $3.52 | — | ||
| Q3 25 | $4.14 | — | ||
| Q2 25 | $4.08 | — | ||
| Q1 25 | $3.64 | — | ||
| Q4 24 | $3.04 | — | ||
| Q3 24 | $3.49 | — |
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 | — | — |
| 总债务越低越好 | $60.4M | $68.3B |
| 股东权益账面价值 | $34.0M | $49.0B |
| 总资产 | $308.9M | $141.3B |
| 负债/权益比越低杠杆越低 | 1.78× | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资AXPET
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $1.3B | ||
| Q3 25 | $1.3B | $3.6B | ||
| Q2 25 | $197.0M | $242.0M | ||
| Q1 25 | $261.0M | — | ||
| Q4 24 | $221.0M | $312.0M | ||
| Q3 24 | $120.0M | — |
总债务AXPET
| Q4 26 | — | $68.3B | ||
| Q1 26 | $60.4M | $69.3B | ||
| Q4 25 | $56.4B | $68.3B | ||
| Q3 25 | $57.8B | $63.1B | ||
| Q2 25 | $58.2B | $60.8B | ||
| Q1 25 | $51.2B | $59.8B | ||
| Q4 24 | $49.7B | $59.8B | ||
| Q3 24 | $53.5B | $59.3B |
股东权益AXPET
| Q4 26 | — | $49.0B | ||
| Q1 26 | $34.0M | $49.7B | ||
| Q4 25 | $33.5B | $49.0B | ||
| Q3 25 | $32.4B | $45.3B | ||
| Q2 25 | $32.3B | $45.5B | ||
| Q1 25 | $31.2B | $46.2B | ||
| Q4 24 | $30.3B | $46.0B | ||
| Q3 24 | $29.7B | $46.2B |
总资产AXPET
| Q4 26 | — | $141.3B | ||
| Q1 26 | $308.9M | $147.5B | ||
| Q4 25 | $300.1B | $141.3B | ||
| Q3 25 | $297.6B | $129.3B | ||
| Q2 25 | $295.6B | $125.0B | ||
| Q1 25 | $282.2B | $126.4B | ||
| Q4 24 | $271.5B | $125.4B | ||
| Q3 24 | $271.0B | $124.4B |
负债/权益比AXPET
| Q4 26 | — | 1.39× | ||
| Q1 26 | 1.78× | 1.39× | ||
| Q4 25 | 1.68× | 1.39× | ||
| Q3 25 | 1.78× | 1.39× | ||
| Q2 25 | 1.80× | 1.33× | ||
| Q1 25 | 1.64× | 1.30× | ||
| Q4 24 | 1.64× | 1.30× | ||
| Q3 24 | 1.80× | 1.28× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
