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BRUNSWICK CORP（BC）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是BRUNSWICK CORP的1.7倍（$2.3B vs $1.4B），PPL Corporation净利率更高（11.3% vs 1.5%，领先9.8%），BRUNSWICK CORP同比增速更快（17.3% vs 7.2%），BRUNSWICK CORP自由现金流更多（$-116.8M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -2.3%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
BC vs PPL — 直观对比
营收规模更大
PPL
是对方的1.7倍
$1.4B
营收增速更快
BC
高出10.1%
7.2%
净利率更高
PPL
高出9.8%
1.5%
自由现金流更多
BC
多$497.2M
$-614.0M
两年增速更快
PPL
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.3B |
| 净利润 | $21.0M | $266.0M |
| 毛利率 | 24.9% | — |
| 营业利润率 | 3.6% | 20.3% |
| 净利率 | 1.5% | 11.3% |
| 营收同比 | 17.3% | 7.2% |
| 净利润同比 | — | 50.3% |
| 每股收益（稀释后） | $0.32 | $0.35 |
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BCPPL
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $1.9B |
净利润BCPPL
| Q1 26 | $21.0M | — | ||
| Q4 25 | $18.7M | $266.0M | ||
| Q3 25 | $-235.5M | $318.0M | ||
| Q2 25 | $59.3M | $183.0M | ||
| Q1 25 | $20.2M | $414.0M | ||
| Q4 24 | $-82.5M | $177.0M | ||
| Q3 24 | $44.6M | $214.0M | ||
| Q2 24 | $100.0M | $190.0M |
毛利率BCPPL
| Q1 26 | 24.9% | — | ||
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — |
营业利润率BCPPL
| Q1 26 | 3.6% | — | ||
| Q4 25 | 3.1% | 20.3% | ||
| Q3 25 | -17.8% | 25.4% | ||
| Q2 25 | 7.1% | 19.9% | ||
| Q1 25 | 4.6% | 26.6% | ||
| Q4 24 | -4.8% | 17.2% | ||
| Q3 24 | 7.7% | 20.6% | ||
| Q2 24 | 11.0% | 20.8% |
净利率BCPPL
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 11.3% | ||
| Q3 25 | -17.3% | 14.2% | ||
| Q2 25 | 4.1% | 9.0% | ||
| Q1 25 | 1.7% | 16.3% | ||
| Q4 24 | -7.1% | 8.1% | ||
| Q3 24 | 3.5% | 10.3% | ||
| Q2 24 | 6.9% | 10.1% |
每股收益（稀释后）BCPPL
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.32 | $0.35 | ||
| Q3 25 | $-3.59 | $0.43 | ||
| Q2 25 | $0.89 | $0.25 | ||
| Q1 25 | $0.30 | $0.56 | ||
| Q4 24 | $-1.21 | $0.23 | ||
| Q3 24 | $0.67 | $0.29 | ||
| Q2 24 | $1.48 | $0.26 |
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 | $277.8M | $1.1B |
| 总债务越低越好 | $490.2M | $18.9B |
| 股东权益账面价值 | $1.6B | $14.9B |
| 总资产 | $5.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.31× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资BCPPL
| Q1 26 | $277.8M | — | ||
| Q4 25 | $256.8M | $1.1B | ||
| Q3 25 | $297.7M | $1.1B | ||
| Q2 25 | $315.7M | $294.0M | ||
| Q1 25 | $286.7M | $312.0M | ||
| Q4 24 | $269.0M | $306.0M | ||
| Q3 24 | $284.1M | $542.0M | ||
| Q2 24 | $494.5M | $282.0M |
总债务BCPPL
| Q1 26 | $490.2M | — | ||
| Q4 25 | $2.1B | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BCPPL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $14.9B | ||
| Q3 25 | $1.6B | $14.4B | ||
| Q2 25 | $1.9B | $14.3B | ||
| Q1 25 | $1.9B | $14.3B | ||
| Q4 24 | $1.9B | $14.1B | ||
| Q3 24 | $2.0B | $14.1B | ||
| Q2 24 | $2.0B | $14.1B |
总资产BCPPL
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.3B | $45.2B | ||
| Q3 25 | $5.4B | $43.9B | ||
| Q2 25 | $5.8B | $42.4B | ||
| Q1 25 | $5.9B | $41.8B | ||
| Q4 24 | $5.7B | $41.1B | ||
| Q3 24 | $6.0B | $40.5B | ||
| Q2 24 | $6.4B | $39.8B |
负债/权益比BCPPL
| Q1 26 | 0.31× | — | ||
| Q4 25 | 1.30× | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $-116.8M | $-614.0M |
| 自由现金流率自由现金流/营收 | -8.5% | -26.1% |
| 资本支出强度资本支出/营收 | 4.2% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | $344.6M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流BCPPL
| Q1 26 | — | — | ||
| Q4 25 | $132.9M | $548.0M | ||
| Q3 25 | $140.4M | $966.0M | ||
| Q2 25 | $316.2M | $602.0M | ||
| Q1 25 | $-27.4M | $513.0M | ||
| Q4 24 | $306.4M | $511.0M | ||
| Q3 24 | $67.4M | $781.0M | ||
| Q2 24 | $211.0M | $766.0M |
自由现金流BCPPL
| Q1 26 | $-116.8M | — | ||
| Q4 25 | $83.6M | $-614.0M | ||
| Q3 25 | $106.5M | $-179.0M | ||
| Q2 25 | $271.3M | $-328.0M | ||
| Q1 25 | $-65.1M | $-280.0M | ||
| Q4 24 | $276.1M | $-349.0M | ||
| Q3 24 | $31.4M | $102.0M | ||
| Q2 24 | $163.9M | $96.0M |
自由现金流率BCPPL
| Q1 26 | -8.5% | — | ||
| Q4 25 | 6.3% | -26.1% | ||
| Q3 25 | 7.8% | -8.0% | ||
| Q2 25 | 18.7% | -16.1% | ||
| Q1 25 | -5.3% | -11.0% | ||
| Q4 24 | 23.9% | -15.9% | ||
| Q3 24 | 2.5% | 4.9% | ||
| Q2 24 | 11.4% | 5.1% |
资本支出强度BCPPL
| Q1 26 | 4.2% | — | ||
| Q4 25 | 3.7% | 49.5% | ||
| Q3 25 | 2.5% | 51.2% | ||
| Q2 25 | 3.1% | 45.6% | ||
| Q1 25 | 3.1% | 31.2% | ||
| Q4 24 | 2.6% | 39.3% | ||
| Q3 24 | 2.8% | 32.7% | ||
| Q2 24 | 3.3% | 35.8% |
现金转化率BCPPL
| Q1 26 | — | — | ||
| Q4 25 | 7.11× | 2.06× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | 5.33× | 3.29× | ||
| Q1 25 | -1.36× | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 1.51× | 3.65× | ||
| Q2 24 | 2.11× | 4.03× |
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
BC
暂无分部数据
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
