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波尔公司（BALL）与Constellation Energy（CEG）财务数据对比。点击上方公司名可切换其他公司
Constellation Energy的季度营收约是波尔公司的1.7倍（$5.7B vs $3.3B），Constellation Energy净利率更高（7.6% vs 6.0%，领先1.6%），Constellation Energy同比增速更快（25.8% vs 16.2%），波尔公司自由现金流更多（$1.0B vs $-181.0M），过去两年波尔公司的营收复合增速更高（7.9% vs 4.0%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs CEG — 直观对比
营收规模更大
CEG
是对方的1.7倍
$3.3B
营收增速更快
CEG
高出9.6%
16.2%
净利率更高
CEG
高出1.6%
6.0%
自由现金流更多
BALL
多$1.2B
$-181.0M
两年增速更快
BALL
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $5.7B |
| 净利润 | $200.0M | $432.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.2% | 10.5% |
| 净利率 | 6.0% | 7.6% |
| 营收同比 | 16.2% | 25.8% |
| 净利润同比 | 766.7% | -49.3% |
| 每股收益（稀释后） | $0.73 | $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BALLCEG
| Q4 25 | $3.3B | $5.7B | ||
| Q3 25 | $3.4B | $5.7B | ||
| Q2 25 | $3.3B | $5.2B | ||
| Q1 25 | $3.1B | $6.1B | ||
| Q4 24 | $2.9B | $4.5B | ||
| Q3 24 | $3.1B | $4.8B | ||
| Q2 24 | $3.0B | $4.4B | ||
| Q1 24 | $2.9B | $5.3B |
净利润BALLCEG
| Q4 25 | $200.0M | $432.0M | ||
| Q3 25 | $321.0M | $930.0M | ||
| Q2 25 | $215.0M | $839.0M | ||
| Q1 25 | $179.0M | $118.0M | ||
| Q4 24 | $-30.0M | $852.0M | ||
| Q3 24 | $199.0M | $1.2B | ||
| Q2 24 | $159.0M | $814.0M | ||
| Q1 24 | $3.7B | $883.0M |
毛利率BALLCEG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 16.5% | — | ||
| Q1 24 | 16.6% | — |
营业利润率BALLCEG
| Q4 25 | 7.2% | 10.5% | ||
| Q3 25 | 11.6% | 19.0% | ||
| Q2 25 | 8.0% | 18.4% | ||
| Q1 25 | 7.4% | 7.4% | ||
| Q4 24 | 0.2% | 21.5% | ||
| Q3 24 | 7.4% | 30.7% | ||
| Q2 24 | 6.8% | 25.0% | ||
| Q1 24 | 6.8% | 15.5% |
净利率BALLCEG
| Q4 25 | 6.0% | 7.6% | ||
| Q3 25 | 9.5% | 16.3% | ||
| Q2 25 | 6.4% | 16.3% | ||
| Q1 25 | 5.8% | 1.9% | ||
| Q4 24 | -1.0% | 18.8% | ||
| Q3 24 | 6.5% | 25.1% | ||
| Q2 24 | 5.4% | 18.5% | ||
| Q1 24 | 128.3% | 16.8% |
每股收益（稀释后）BALLCEG
| Q4 25 | $0.73 | $1.38 | ||
| Q3 25 | $1.18 | $2.97 | ||
| Q2 25 | $0.76 | $2.67 | ||
| Q1 25 | $0.63 | $0.38 | ||
| Q4 24 | $0.23 | $2.71 | ||
| Q3 24 | $0.65 | $3.82 | ||
| Q2 24 | $0.51 | $2.58 | ||
| Q1 24 | $11.61 | $2.78 |
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 | $1.2B | $3.6B |
| 总债务越低越好 | $7.0B | $7.4B |
| 股东权益账面价值 | $5.4B | $14.5B |
| 总资产 | $19.5B | $57.2B |
| 负债/权益比越低杠杆越低 | 1.29× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资BALLCEG
| Q4 25 | $1.2B | $3.6B | ||
| Q3 25 | $568.0M | $4.0B | ||
| Q2 25 | $296.0M | $2.0B | ||
| Q1 25 | $449.0M | $1.8B | ||
| Q4 24 | $885.0M | $3.0B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.3B | $311.0M | ||
| Q1 24 | $1.7B | $562.0M |
总债务BALLCEG
| Q4 25 | $7.0B | $7.4B | ||
| Q3 25 | $6.9B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.3B | $8.5B | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
股东权益BALLCEG
| Q4 25 | $5.4B | $14.5B | ||
| Q3 25 | $5.4B | $14.3B | ||
| Q2 25 | $5.2B | $13.4B | ||
| Q1 25 | $5.5B | $13.0B | ||
| Q4 24 | $5.9B | $13.2B | ||
| Q3 24 | $6.7B | $12.6B | ||
| Q2 24 | $6.9B | $11.4B | ||
| Q1 24 | $7.3B | $11.2B |
总资产BALLCEG
| Q4 25 | $19.5B | $57.2B | ||
| Q3 25 | $18.7B | $56.2B | ||
| Q2 25 | $18.6B | $53.0B | ||
| Q1 25 | $18.0B | $52.3B | ||
| Q4 24 | $17.6B | $52.9B | ||
| Q3 24 | $18.8B | $51.8B | ||
| Q2 24 | $19.0B | $51.3B | ||
| Q1 24 | $19.9B | $52.0B |
负债/权益比BALLCEG
| Q4 25 | 1.29× | 0.51× | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | 0.64× | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.76× | — |
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 | $1.2B | $805.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-181.0M |
| 自由现金流率自由现金流/营收 | 31.1% | -3.2% |
| 资本支出强度资本支出/营收 | 5.1% | 17.3% |
| 现金转化率经营现金流/净利润 | 6.05× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流BALLCEG
| Q4 25 | $1.2B | $805.0M | ||
| Q3 25 | $384.0M | $1.8B | ||
| Q2 25 | $332.0M | $1.5B | ||
| Q1 25 | $-665.0M | $107.0M | ||
| Q4 24 | $500.0M | $-1.0B | ||
| Q3 24 | $610.0M | $-112.0M | ||
| Q2 24 | $252.0M | $-613.0M | ||
| Q1 24 | $-1.2B | $-723.0M |
自由现金流BALLCEG
| Q4 25 | $1.0B | $-181.0M | ||
| Q3 25 | $257.0M | $1.5B | ||
| Q2 25 | $236.0M | $710.0M | ||
| Q1 25 | $-746.0M | $-699.0M | ||
| Q4 24 | $393.0M | $-1.7B | ||
| Q3 24 | $493.0M | $-664.0M | ||
| Q2 24 | $146.0M | $-1.2B | ||
| Q1 24 | $-1.4B | $-1.5B |
自由现金流率BALLCEG
| Q4 25 | 31.1% | -3.2% | ||
| Q3 25 | 7.6% | 25.6% | ||
| Q2 25 | 7.1% | 13.8% | ||
| Q1 25 | -24.1% | -11.4% | ||
| Q4 24 | 13.6% | -38.6% | ||
| Q3 24 | 16.0% | -13.9% | ||
| Q2 24 | 4.9% | -26.3% | ||
| Q1 24 | -48.7% | -27.8% |
资本支出强度BALLCEG
| Q4 25 | 5.1% | 17.3% | ||
| Q3 25 | 3.8% | 6.8% | ||
| Q2 25 | 2.9% | 14.9% | ||
| Q1 25 | 2.6% | 13.2% | ||
| Q4 24 | 3.7% | 16.1% | ||
| Q3 24 | 3.8% | 11.6% | ||
| Q2 24 | 3.6% | 12.4% | ||
| Q1 24 | 5.4% | 14.0% |
现金转化率BALLCEG
| Q4 25 | 6.05× | 1.86× | ||
| Q3 25 | 1.20× | 1.99× | ||
| Q2 25 | 1.54× | 1.76× | ||
| Q1 25 | -3.72× | 0.91× | ||
| Q4 24 | — | -1.19× | ||
| Q3 24 | 3.07× | -0.09× | ||
| Q2 24 | 1.58× | -0.75× | ||
| Q1 24 | -0.34× | -0.82× |
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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
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% |
