vs
Brookfield Infrastructure Partners L.P.（BIP）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Brookfield Infrastructure Partners L.P.的1.0倍（$5.7B vs $5.4B），Constellation Energy净利率更高（7.6% vs 4.6%，领先2.9%），Constellation Energy同比增速更快（25.8% vs 5.7%）
布鲁克菲尔德基础设施合伙是一家上市有限合伙企业，总部位于加拿大多伦多，专注于全球范围内基础设施资产的收购与运营管理，投资覆盖交通、能源、数据基建等多个领域，具备成熟的全球化资产运营管理经验。
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。
BIP vs CEG — 直观对比
营收规模更大
CEG
是对方的1.0倍
$5.4B
营收增速更快
CEG
高出20.1%
5.7%
净利率更高
CEG
高出2.9%
4.6%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $5.7B |
| 净利润 | $252.0M | $432.0M |
| 毛利率 | 26.4% | — |
| 营业利润率 | 24.4% | 10.5% |
| 净利率 | 4.6% | 7.6% |
| 营收同比 | 5.7% | 25.8% |
| 净利润同比 | 37.0% | -49.3% |
| 每股收益（稀释后） | $-0.03 | $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BIPCEG
| Q4 25 | — | $5.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $5.4B | $5.2B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | $5.1B | $4.4B | ||
| Q1 24 | — | $5.3B |
净利润BIPCEG
| Q4 25 | — | $432.0M | ||
| Q3 25 | — | $930.0M | ||
| Q2 25 | $252.0M | $839.0M | ||
| Q1 25 | — | $118.0M | ||
| Q4 24 | — | $852.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $184.0M | $814.0M | ||
| Q1 24 | — | $883.0M |
毛利率BIPCEG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | — | — |
营业利润率BIPCEG
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | 24.4% | 18.4% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | 22.8% | 25.0% | ||
| Q1 24 | — | 15.5% |
净利率BIPCEG
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | 4.6% | 16.3% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | 3.6% | 18.5% | ||
| Q1 24 | — | 16.8% |
每股收益（稀释后）BIPCEG
| Q4 25 | — | $1.38 | ||
| Q3 25 | — | $2.97 | ||
| Q2 25 | $-0.03 | $2.67 | ||
| Q1 25 | — | $0.38 | ||
| Q4 24 | — | $2.71 | ||
| Q3 24 | — | $3.82 | ||
| Q2 24 | $-0.10 | $2.58 | ||
| Q1 24 | — | $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 | $2.3B | $3.6B |
| 总债务越低越好 | — | $7.4B |
| 股东权益账面价值 | $29.6B | $14.5B |
| 总资产 | $108.7B | $57.2B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资BIPCEG
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $1.3B | $311.0M | ||
| Q1 24 | — | $562.0M |
总债务BIPCEG
| Q4 25 | — | $7.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BIPCEG
| Q4 25 | — | $14.5B | ||
| Q3 25 | — | $14.3B | ||
| Q2 25 | $29.6B | $13.4B | ||
| Q1 25 | — | $13.0B | ||
| Q4 24 | — | $13.2B | ||
| Q3 24 | — | $12.6B | ||
| Q2 24 | $30.1B | $11.4B | ||
| Q1 24 | — | $11.2B |
总资产BIPCEG
| Q4 25 | — | $57.2B | ||
| Q3 25 | — | $56.2B | ||
| Q2 25 | $108.7B | $53.0B | ||
| Q1 25 | — | $52.3B | ||
| Q4 24 | — | $52.9B | ||
| Q3 24 | — | $51.8B | ||
| Q2 24 | $100.9B | $51.3B | ||
| Q1 24 | — | $52.0B |
负债/权益比BIPCEG
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.2B | $805.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-181.0M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 17.3% |
| 现金转化率经营现金流/净利润 | 4.72× | 1.86× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流BIPCEG
| Q4 25 | — | $805.0M | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | — | $107.0M | ||
| Q4 24 | — | $-1.0B | ||
| Q3 24 | — | $-112.0M | ||
| Q2 24 | $1.1B | $-613.0M | ||
| Q1 24 | — | $-723.0M |
自由现金流BIPCEG
| Q4 25 | — | $-181.0M | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $710.0M | ||
| Q1 25 | — | $-699.0M | ||
| Q4 24 | — | $-1.7B | ||
| Q3 24 | — | $-664.0M | ||
| Q2 24 | — | $-1.2B | ||
| Q1 24 | — | $-1.5B |
自由现金流率BIPCEG
| Q4 25 | — | -3.2% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | -38.6% | ||
| Q3 24 | — | -13.9% | ||
| Q2 24 | — | -26.3% | ||
| Q1 24 | — | -27.8% |
资本支出强度BIPCEG
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 12.4% | ||
| Q1 24 | — | 14.0% |
现金转化率BIPCEG
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | 4.72× | 1.76× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | -1.19× | ||
| Q3 24 | — | -0.09× | ||
| Q2 24 | 5.74× | -0.75× | ||
| Q1 24 | — | -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
BIP
暂无分部数据
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% |
