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BLACK HILLS CORP（BKH）与Enlight Renewable Energy Ltd.（ENLT）财务数据对比。点击上方公司名可切换其他公司
BLACK HILLS CORP的季度营收约是Enlight Renewable Energy Ltd.的5.7倍（$622.7M vs $109.5M）
布莱克山集团是美国多元化能源企业，总部位于南达科他州拉皮德城，名称来源于当地的布莱克山区域。公司主营电力与天然气公用事业，服务覆盖南达科他、蒙大拿、怀俄明、科罗拉多等多个州，电力产品行销整个美国西部地区。
Enlight Renewable Energy是总部位于以色列的上市企业，核心业务为开发、建设及运营太阳能、风力发电设施，同时布局大型储能项目、以及融合农业用地利用与光伏发电的农光互补项目。公司2023年2月完成美国IPO，目前在特拉维夫证券交易所和纳斯达克挂牌交易，股票代码ENLT。
BKH vs ENLT — 直观对比
营收规模更大
BKH
是对方的5.7倍
$109.5M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $622.7M | $109.5M |
| 净利润 | $104.9M | — |
| 毛利率 | — | — |
| 营业利润率 | 27.5% | 60.1% |
| 净利率 | 16.8% | — |
| 营收同比 | 6.4% | — |
| 净利润同比 | 7.0% | — |
| 每股收益（稀释后） | $1.39 | $123305879.00 |
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BKHENLT
| Q4 25 | $622.7M | $109.5M | ||
| Q3 25 | $427.4M | — | ||
| Q2 25 | $435.7M | $84.7M | ||
| Q1 25 | $800.4M | $90.4M | ||
| Q4 24 | $585.1M | $73.8M | ||
| Q3 24 | $398.6M | $58.3M | ||
| Q2 24 | $397.1M | $52.6M | ||
| Q1 24 | $717.2M | $71.0M |
净利润BKHENLT
| Q4 25 | $104.9M | — | ||
| Q3 25 | $24.9M | — | ||
| Q2 25 | $27.5M | — | ||
| Q1 25 | $134.3M | — | ||
| Q4 24 | $98.0M | — | ||
| Q3 24 | $24.4M | — | ||
| Q2 24 | $22.8M | — | ||
| Q1 24 | $127.9M | — |
毛利率BKHENLT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 48.9% | ||
| Q2 24 | — | 55.5% | ||
| Q1 24 | — | 67.6% |
营业利润率BKHENLT
| Q4 25 | 27.5% | 60.1% | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 18.9% | 41.2% | ||
| Q1 25 | 25.6% | 47.4% | ||
| Q4 24 | 27.9% | 58.1% | ||
| Q3 24 | 19.0% | 73.2% | ||
| Q2 24 | 17.8% | 63.7% | ||
| Q1 24 | 27.0% | 55.0% |
净利率BKHENLT
| Q4 25 | 16.8% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 16.8% | — | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 6.1% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 17.8% | — |
每股收益（稀释后）BKHENLT
| Q4 25 | $1.39 | $123305879.00 | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.38 | $125866004.00 | ||
| Q1 25 | $1.87 | $122889909.00 | ||
| Q4 24 | $1.36 | — | ||
| Q3 24 | $0.35 | $125866004.00 | ||
| Q2 24 | $0.33 | $125873060.00 | ||
| Q1 24 | $1.87 | $117820495.00 |
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 | $182.8M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | — |
| 总资产 | $10.9B | — |
| 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BKHENLT
| Q4 25 | $182.8M | — | ||
| Q3 25 | $21.1M | — | ||
| Q2 25 | $8.1M | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | $16.1M | $387.4M | ||
| Q3 24 | $12.5M | — | ||
| Q2 24 | $624.8M | — | ||
| Q1 24 | $123.0M | — |
股东权益BKHENLT
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.3B | — |
总资产BKHENLT
| Q4 25 | $10.9B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $10.1B | — | ||
| Q1 25 | $10.1B | — | ||
| Q4 24 | $10.0B | $5.5B | ||
| Q3 24 | $9.7B | — | ||
| Q2 24 | $10.2B | — | ||
| Q1 24 | $9.7B | — |
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 | $168.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-101.5M | — |
| 自由现金流率自由现金流/营收 | -16.3% | — |
| 资本支出强度资本支出/营收 | 43.3% | — |
| 现金转化率经营现金流/净利润 | 1.60× | — |
| 过去12个月自由现金流最近4个季度 | $-146.4M | — |
8季度趋势，按日历期对齐
经营现金流BKHENLT
| Q4 25 | $168.1M | — | ||
| Q3 25 | $88.9M | — | ||
| Q2 25 | $188.6M | — | ||
| Q1 25 | $227.8M | — | ||
| Q4 24 | $153.2M | $255.3M | ||
| Q3 24 | $102.1M | — | ||
| Q2 24 | $230.6M | — | ||
| Q1 24 | $233.4M | — |
自由现金流BKHENLT
| Q4 25 | $-101.5M | — | ||
| Q3 25 | $-89.5M | — | ||
| Q2 25 | $-30.3M | — | ||
| Q1 25 | $74.9M | — | ||
| Q4 24 | $-60.5M | — | ||
| Q3 24 | $-86.0M | — | ||
| Q2 24 | $64.4M | — | ||
| Q1 24 | $57.2M | — |
自由现金流率BKHENLT
| Q4 25 | -16.3% | — | ||
| Q3 25 | -20.9% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | 9.4% | — | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -21.6% | — | ||
| Q2 24 | 16.2% | — | ||
| Q1 24 | 8.0% | — |
资本支出强度BKHENLT
| Q4 25 | 43.3% | — | ||
| Q3 25 | 41.7% | — | ||
| Q2 25 | 50.2% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 36.5% | — | ||
| Q3 24 | 47.2% | — | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 24.6% | — |
现金转化率BKHENLT
| Q4 25 | 1.60× | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 6.86× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 4.18× | — | ||
| Q2 24 | 10.11× | — | ||
| Q1 24 | 1.82× | — |
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
BKH
| Gas Utilities | $391.1M | 63% |
| Retail Electric Natural Gasand Coal | $189.7M | 30% |
| Other | $15.3M | 2% |
| Market Off System Sales | $13.6M | 2% |
| Transferred At Point In Time | $8.9M | 1% |
| Wholesale | $4.9M | 1% |
| Inter Segment Revenues | $2.4M | 0% |
ENLT
| Segment adjusted EBITDA | $99.7M | 91% |
| Tax benefits | $10.1M | 9% |
