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美国运通（AXP）与NextEra Energy（NEE）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NextEra Energy的1.8倍（$10.9B vs $6.0B），NextEra Energy净利率更高（25.6% vs 22.5%，领先3.1%），NextEra Energy同比增速更快（11.1% vs 9.9%），过去两年美国运通的营收复合增速更高（8.2% vs 5.4%）
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。
NextEra Energy是美国能源企业，也是全球市值最高的电力公用事业控股公司，截至2024年10月市值超1700亿美元。2024年营收达248亿美元，在美加两国共有1.67万名员工，当前发电装机容量为73吉瓦，旗下拥有佛罗里达电力照明等多家子公司。
AXP vs NEE — 直观对比
营收规模更大
AXP
是对方的1.8倍
$6.0B
营收增速更快
NEE
高出1.2%
9.9%
净利率更高
NEE
高出3.1%
22.5%
两年增速更快
AXP
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.9B | $6.0B |
| 净利润 | $2.5B | $1.5B |
| 毛利率 | — | — |
| 营业利润率 | 28.2% | 26.4% |
| 净利率 | 22.5% | 25.6% |
| 营收同比 | 9.9% | 11.1% |
| 净利润同比 | 13.5% | 27.6% |
| 每股收益（稀释后） | $3.52 | $0.74 |
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AXPNEE
| Q4 25 | $10.9B | $6.0B | ||
| Q3 25 | $10.4B | $7.4B | ||
| Q2 25 | $10.3B | $6.4B | ||
| Q1 25 | $9.6B | $6.0B | ||
| Q4 24 | $10.0B | $5.4B | ||
| Q3 24 | $9.7B | $6.7B | ||
| Q2 24 | $9.8B | $6.0B | ||
| Q1 24 | $9.3B | $5.4B |
净利润AXPNEE
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.6B | $833.0M | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.5B | $1.9B | ||
| Q2 24 | $3.0B | $1.6B | ||
| Q1 24 | $2.4B | $2.3B |
营业利润率AXPNEE
| Q4 25 | 28.2% | 26.4% | ||
| Q3 25 | 36.7% | 34.1% | ||
| Q2 25 | 34.4% | 29.9% | ||
| Q1 25 | 34.6% | 37.6% | ||
| Q4 24 | 27.7% | 17.4% | ||
| Q3 24 | 33.0% | 42.6% | ||
| Q2 24 | 38.6% | 27.8% | ||
| Q1 24 | 33.7% | 37.3% |
净利率AXPNEE
| Q4 25 | 22.5% | 25.6% | ||
| Q3 25 | 27.9% | 32.9% | ||
| Q2 25 | 28.0% | 31.7% | ||
| Q1 25 | 26.8% | 13.9% | ||
| Q4 24 | 21.8% | 22.3% | ||
| Q3 24 | 25.8% | 27.6% | ||
| Q2 24 | 30.7% | 27.0% | ||
| Q1 24 | 26.1% | 42.0% |
每股收益（稀释后）AXPNEE
| Q4 25 | $3.52 | $0.74 | ||
| Q3 25 | $4.14 | $1.18 | ||
| Q2 25 | $4.08 | $0.98 | ||
| Q1 25 | $3.64 | $0.40 | ||
| Q4 24 | $3.04 | $0.58 | ||
| Q3 24 | $3.49 | $0.90 | ||
| Q2 24 | $4.15 | $0.79 | ||
| Q1 24 | $3.33 | $1.10 |
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 | $2.8B |
| 总债务越低越好 | $56.4B | — |
| 股东权益账面价值 | $33.5B | $54.6B |
| 总资产 | $300.1B | $212.7B |
| 负债/权益比越低杠杆越低 | 1.68× | — |
8季度趋势，按日历期对齐
现金及短期投资AXPNEE
| Q4 25 | $742.0M | $2.8B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $197.0M | $1.7B | ||
| Q1 25 | $261.0M | $2.4B | ||
| Q4 24 | $221.0M | $1.5B | ||
| Q3 24 | $120.0M | $2.3B | ||
| Q2 24 | $188.0M | $1.6B | ||
| Q1 24 | $69.0M | $1.6B |
总债务AXPNEE
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — | ||
| Q1 24 | $48.8B | — |
股东权益AXPNEE
| Q4 25 | $33.5B | $54.6B | ||
| Q3 25 | $32.4B | $54.2B | ||
| Q2 25 | $32.3B | $50.8B | ||
| Q1 25 | $31.2B | $49.8B | ||
| Q4 24 | $30.3B | $50.1B | ||
| Q3 24 | $29.7B | $50.1B | ||
| Q2 24 | $29.5B | $49.1B | ||
| Q1 24 | $28.8B | $48.6B |
总资产AXPNEE
| Q4 25 | $300.1B | $212.7B | ||
| Q3 25 | $297.6B | $204.4B | ||
| Q2 25 | $295.6B | $198.8B | ||
| Q1 25 | $282.2B | $194.3B | ||
| Q4 24 | $271.5B | $190.1B | ||
| Q3 24 | $271.0B | $186.0B | ||
| Q2 24 | $272.2B | $184.7B | ||
| Q1 24 | $269.3B | $179.9B |
负债/权益比AXPNEE
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.70× | — |
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 | $2.5B |
| 自由现金流经营现金流 - 资本支出 | $2.3B | — |
| 自由现金流率自由现金流/营收 | 21.4% | — |
| 资本支出强度资本支出/营收 | 6.6% | — |
| 现金转化率经营现金流/净利润 | 1.25× | 1.63× |
| 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AXPNEE
| Q4 25 | $3.1B | $2.5B | ||
| Q3 25 | $6.2B | $4.0B | ||
| Q2 25 | $4.4B | $3.2B | ||
| Q1 25 | $4.8B | $2.8B | ||
| Q4 24 | $5.8B | $2.0B | ||
| Q3 24 | $-1.8B | $4.3B | ||
| Q2 24 | $4.5B | $3.9B | ||
| Q1 24 | $5.6B | $3.1B |
自由现金流AXPNEE
| Q4 25 | $2.3B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $-2.3B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $5.2B | — |
自由现金流率AXPNEE
| Q4 25 | 21.4% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 45.0% | — | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | -23.3% | — | ||
| Q2 24 | 40.4% | — | ||
| Q1 24 | 55.2% | — |
资本支出强度AXPNEE
| Q4 25 | 6.6% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 4.2% | — |
现金转化率AXPNEE
| Q4 25 | 1.25× | 1.63× | ||
| Q3 25 | 2.15× | 1.65× | ||
| Q2 25 | 1.51× | 1.57× | ||
| Q1 25 | 1.84× | 3.32× | ||
| Q4 24 | 2.66× | 1.65× | ||
| Q3 24 | -0.72× | 2.31× | ||
| Q2 24 | 1.50× | 2.42× | ||
| Q1 24 | 2.28× | 1.36× |
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% |
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
