vs
Brookfield Renewable Partners L.P.（BEP）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
Brookfield Renewable Partners L.P.的季度营收约是第一太阳能的1.0倍（$1.7B vs $1.7B），第一太阳能净利率更高（31.0% vs 5.9%，领先25.0%），Brookfield Renewable Partners L.P.同比增速更快（14.2% vs 11.1%）
Brookfield Renewable Partners L.P.是一家公开上市的有限合伙企业，主营可再生能源资产的持有与运营，总部位于加拿大安大略省多伦多市，60%股权由布鲁克菲尔德资产管理公司持有，在可再生能源运营领域拥有深厚的行业积累与广泛的业务布局。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
BEP vs FSLR — 直观对比
营收规模更大
BEP
是对方的1.0倍
$1.7B
营收增速更快
BEP
高出3.0%
11.1%
净利率更高
FSLR
高出25.0%
5.9%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $100.0M | $520.9M |
| 毛利率 | — | 39.5% |
| 营业利润率 | — | 32.6% |
| 净利率 | 5.9% | 31.0% |
| 营收同比 | 14.2% | 11.1% |
| 净利润同比 | 213.6% | 32.5% |
| 每股收益（稀释后） | $-0.22 | $4.84 |
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BEPFSLR
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | — | $844.6M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $887.7M | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | — | $794.1M |
净利润BEPFSLR
| Q4 25 | — | $520.9M | ||
| Q3 25 | — | $455.9M | ||
| Q2 25 | $100.0M | $341.9M | ||
| Q1 25 | — | $209.5M | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | $313.0M | ||
| Q2 24 | $-88.0M | $349.4M | ||
| Q1 24 | — | $236.6M |
毛利率BEPFSLR
| Q4 25 | — | 39.5% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 40.8% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 43.6% |
营业利润率BEPFSLR
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 29.2% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 36.3% | ||
| Q2 24 | — | 36.9% | ||
| Q1 24 | — | 30.6% |
净利率BEPFSLR
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 28.6% | ||
| Q2 25 | 5.9% | 31.2% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | -5.9% | 34.6% | ||
| Q1 24 | — | 29.8% |
每股收益（稀释后）BEPFSLR
| Q4 25 | — | $4.84 | ||
| Q3 25 | — | $4.24 | ||
| Q2 25 | $-0.22 | $3.18 | ||
| Q1 25 | — | $1.95 | ||
| Q4 24 | — | $3.66 | ||
| Q3 24 | — | $2.91 | ||
| Q2 24 | $-0.28 | $3.25 | ||
| Q1 24 | — | $2.20 |
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 | $1.9B | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $33.3B | $9.5B |
| 总资产 | $98.6B | $13.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BEPFSLR
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | — | $837.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | — | $1.7B |
股东权益BEPFSLR
| Q4 25 | — | $9.5B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | $33.3B | $8.5B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | $28.0B | $7.3B | ||
| Q1 24 | — | $6.9B |
总资产BEPFSLR
| Q4 25 | — | $13.3B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | $98.6B | $12.9B | ||
| Q1 25 | — | $12.1B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $11.4B | ||
| Q2 24 | $73.8B | $11.0B | ||
| Q1 24 | — | $10.8B |
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 | $379.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 63.6% |
| 资本支出强度资本支出/营收 | — | 10.2% |
| 现金转化率经营现金流/净利润 | 3.79× | 2.38× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流BEPFSLR
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $379.0M | $149.6M | ||
| Q1 25 | — | $-608.0M | ||
| Q4 24 | — | $811.0M | ||
| Q3 24 | — | $-53.7M | ||
| Q2 24 | $231.0M | $193.0M | ||
| Q1 24 | — | $267.7M |
自由现金流BEPFSLR
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $-138.6M | ||
| Q1 25 | — | $-813.9M | ||
| Q4 24 | — | $497.5M | ||
| Q3 24 | — | $-487.7M | ||
| Q2 24 | — | $-172.1M | ||
| Q1 24 | — | $-145.7M |
自由现金流率BEPFSLR
| Q4 25 | — | 63.6% | ||
| Q3 25 | — | 67.1% | ||
| Q2 25 | — | -12.6% | ||
| Q1 25 | — | -96.4% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | -54.9% | ||
| Q2 24 | — | -17.0% | ||
| Q1 24 | — | -18.4% |
资本支出强度BEPFSLR
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 26.3% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 48.9% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 52.1% |
现金转化率BEPFSLR
| Q4 25 | — | 2.38× | ||
| Q3 25 | — | 2.79× | ||
| Q2 25 | 3.79× | 0.44× | ||
| Q1 25 | — | -2.90× | ||
| Q4 24 | — | 2.06× | ||
| Q3 24 | — | -0.17× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
