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PEABODY ENERGY CORP（BTU）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
Paychex的季度营收约是PEABODY ENERGY CORP的1.5倍（$1.5B vs $1.0B），Paychex净利率更高（26.3% vs 1.2%，领先25.1%），Paychex同比增速更快（17.4% vs -9.0%），过去两年Paychex的营收复合增速更高（3.8% vs 1.9%）
皮博迪能源是总部位于美国密苏里州圣路易斯的煤炭开采企业，核心业务涵盖煤炭的开采、销售与配送，产品主要供应给发电和炼钢领域。公司还通过中国、澳大利亚及美国的办公网点开展煤炭的营销、经纪和贸易业务。
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
BTU vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.5倍
$1.0B
营收增速更快
PAYX
高出26.3%
-9.0%
净利率更高
PAYX
高出25.1%
1.2%
两年增速更快
PAYX
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.5B |
| 净利润 | $12.4M | $395.4M |
| 毛利率 | — | 72.6% |
| 营业利润率 | 0.8% | 38.0% |
| 净利率 | 1.2% | 26.3% |
| 营收同比 | -9.0% | 17.4% |
| 净利润同比 | -67.2% | -4.4% |
| 每股收益（稀释后） | $0.11 | $1.10 |
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BTUPAYX
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $890.1M | $1.4B | ||
| Q1 25 | $937.0M | $1.5B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $983.6M | $1.4B |
净利润BTUPAYX
| Q4 25 | $12.4M | $395.4M | ||
| Q3 25 | $-70.1M | $383.8M | ||
| Q2 25 | $-27.6M | $297.2M | ||
| Q1 25 | $34.4M | $519.3M | ||
| Q4 24 | $37.8M | $413.4M | ||
| Q3 24 | $101.3M | $427.4M | ||
| Q2 24 | $199.4M | $379.9M | ||
| Q1 24 | $39.6M | $498.6M |
毛利率BTUPAYX
| Q4 25 | — | 72.6% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 73.6% | ||
| Q4 24 | — | 70.4% | ||
| Q3 24 | — | 70.3% | ||
| Q2 24 | — | 70.1% | ||
| Q1 24 | — | 72.8% |
营业利润率BTUPAYX
| Q4 25 | 0.8% | 38.0% | ||
| Q3 25 | -8.0% | 36.3% | ||
| Q2 25 | -4.3% | 31.2% | ||
| Q1 25 | 3.4% | 47.2% | ||
| Q4 24 | 3.6% | 42.0% | ||
| Q3 24 | 11.0% | 42.7% | ||
| Q2 24 | 22.4% | 38.3% | ||
| Q1 24 | 5.2% | 46.6% |
净利率BTUPAYX
| Q4 25 | 1.2% | 26.3% | ||
| Q3 25 | -6.9% | 25.7% | ||
| Q2 25 | -3.1% | 21.5% | ||
| Q1 25 | 3.7% | 35.4% | ||
| Q4 24 | 3.4% | 32.3% | ||
| Q3 24 | 9.3% | 33.4% | ||
| Q2 24 | 19.1% | 30.2% | ||
| Q1 24 | 4.0% | 35.7% |
每股收益（稀释后）BTUPAYX
| Q4 25 | $0.11 | $1.10 | ||
| Q3 25 | $-0.58 | $1.06 | ||
| Q2 25 | $-0.23 | $0.83 | ||
| Q1 25 | $0.27 | $1.43 | ||
| Q4 24 | $0.25 | $1.14 | ||
| Q3 24 | $0.74 | $1.18 | ||
| Q2 24 | $1.42 | $1.05 | ||
| Q1 24 | $0.29 | $1.38 |
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 | $575.3M | $1.5B |
| 总债务越低越好 | $321.2M | $5.0B |
| 股东权益账面价值 | $3.5B | $3.9B |
| 总资产 | $5.8B | $16.5B |
| 负债/权益比越低杠杆越低 | 0.09× | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资BTUPAYX
| Q4 25 | $575.3M | $1.5B | ||
| Q3 25 | $603.3M | $1.7B | ||
| Q2 25 | $585.9M | $1.7B | ||
| Q1 25 | $696.5M | $1.6B | ||
| Q4 24 | $700.4M | $1.2B | ||
| Q3 24 | $772.9M | $1.5B | ||
| Q2 24 | $621.7M | $1.5B | ||
| Q1 24 | $855.7M | $1.7B |
总债务BTUPAYX
| Q4 25 | $321.2M | $5.0B | ||
| Q3 25 | $321.8M | $5.0B | ||
| Q2 25 | $329.2M | $4.9B | ||
| Q1 25 | $331.2M | — | ||
| Q4 24 | $332.3M | — | ||
| Q3 24 | $323.7M | — | ||
| Q2 24 | $323.2M | $798.6M | ||
| Q1 24 | $323.3M | — |
股东权益BTUPAYX
| Q4 25 | $3.5B | $3.9B | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.6B | $4.1B | ||
| Q1 25 | $3.7B | $4.1B | ||
| Q4 24 | $3.7B | $3.9B | ||
| Q3 24 | $3.6B | $3.9B | ||
| Q2 24 | $3.7B | $3.8B | ||
| Q1 24 | $3.5B | $3.7B |
总资产BTUPAYX
| Q4 25 | $5.8B | $16.5B | ||
| Q3 25 | $5.7B | $16.7B | ||
| Q2 25 | $5.8B | $16.6B | ||
| Q1 25 | $5.8B | $11.2B | ||
| Q4 24 | $6.0B | $10.6B | ||
| Q3 24 | $5.9B | $10.5B | ||
| Q2 24 | $5.9B | $10.4B | ||
| Q1 24 | $5.7B | $13.0B |
负债/权益比BTUPAYX
| Q4 25 | 0.09× | 1.28× | ||
| Q3 25 | 0.09× | 1.25× | ||
| Q2 25 | 0.09× | 1.20× | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 0.09× | 0.21× | ||
| Q1 24 | 0.09× | — |
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 | $68.6M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | — | $382.8M |
| 自由现金流率自由现金流/营收 | — | 25.5% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | 5.53× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流BTUPAYX
| Q4 25 | $68.6M | $444.9M | ||
| Q3 25 | $122.0M | $718.4M | ||
| Q2 25 | $23.2M | $343.8M | ||
| Q1 25 | $119.9M | $716.0M | ||
| Q4 24 | $119.8M | $295.0M | ||
| Q3 24 | $359.9M | $546.1M | ||
| Q2 24 | $7.8M | $221.7M | ||
| Q1 24 | $119.0M | $671.7M |
自由现金流BTUPAYX
| Q4 25 | — | $382.8M | ||
| Q3 25 | — | $662.5M | ||
| Q2 25 | — | $283.3M | ||
| Q1 25 | — | $667.3M | ||
| Q4 24 | — | $248.0M | ||
| Q3 24 | — | $510.5M | ||
| Q2 24 | — | $180.4M | ||
| Q1 24 | — | $631.0M |
自由现金流率BTUPAYX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 45.5% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 45.2% |
资本支出强度BTUPAYX
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 2.9% |
现金转化率BTUPAYX
| Q4 25 | 5.53× | 1.13× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 3.49× | 1.38× | ||
| Q4 24 | 3.17× | 0.71× | ||
| Q3 24 | 3.55× | 1.28× | ||
| Q2 24 | 0.04× | 0.58× | ||
| Q1 24 | 3.01× | 1.35× |
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
BTU
| Seaborne Metallurgical Mining | $305.4M | 30% |
| Powder River Basin Mining | $300.3M | 29% |
| Seaborne Thermal Mining | $205.6M | 20% |
| Other | $182.1M | 18% |
| Thermal Coal | $28.9M | 3% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
