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PEABODY ENERGY CORP（BTU）与维多利亚的秘密（VSCO）财务数据对比。点击上方公司名可切换其他公司
维多利亚的秘密的季度营收约是PEABODY ENERGY CORP的1.4倍（$1.5B vs $1.0B），PEABODY ENERGY CORP净利率更高（1.2% vs -2.5%，领先3.7%），维多利亚的秘密同比增速更快（9.3% vs -9.0%），过去两年PEABODY ENERGY CORP的营收复合增速更高（1.9% vs -15.9%）
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。
维多利亚的秘密是美国知名内衣、服饰及美妆零售商，1977年由斯坦福大学研究生罗伊·雷蒙德与妻子盖伊共同创立，1982年旗下5家内衣门店被莱斯·韦克斯纳收购。韦克斯纳随后快速将门店布局到全美各大购物中心，到90年代初已在全国拥有350家门店，销售额达10亿美元，成为美国最大的内衣零售商。
BTU vs VSCO — 直观对比
营收规模更大
VSCO
是对方的1.4倍
$1.0B
营收增速更快
VSCO
高出18.3%
-9.0%
净利率更高
BTU
高出3.7%
-2.5%
两年增速更快
BTU
近两年复合增速
-15.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.5B |
| 净利润 | $12.4M | $-37.0M |
| 毛利率 | — | 36.4% |
| 营业利润率 | 0.8% | -1.3% |
| 净利率 | 1.2% | -2.5% |
| 营收同比 | -9.0% | 9.3% |
| 净利润同比 | -67.2% | 33.9% |
| 每股收益（稀释后） | $0.11 | $-0.46 |
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BTUVSCO
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $890.1M | $1.4B | ||
| Q1 25 | $937.0M | $2.1B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $983.6M | $2.1B |
净利润BTUVSCO
| Q4 25 | $12.4M | $-37.0M | ||
| Q3 25 | $-70.1M | $16.0M | ||
| Q2 25 | $-27.6M | $-2.0M | ||
| Q1 25 | $34.4M | $193.0M | ||
| Q4 24 | $37.8M | $-56.0M | ||
| Q3 24 | $101.3M | $32.0M | ||
| Q2 24 | $199.4M | $-4.0M | ||
| Q1 24 | $39.6M | $180.0M |
毛利率BTUVSCO
| Q4 25 | — | 36.4% | ||
| Q3 25 | — | 35.6% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 36.9% | ||
| Q1 24 | — | 39.7% |
营业利润率BTUVSCO
| Q4 25 | 0.8% | -1.3% | ||
| Q3 25 | -8.0% | 2.8% | ||
| Q2 25 | -4.3% | 1.5% | ||
| Q1 25 | 3.4% | 12.8% | ||
| Q4 24 | 3.6% | -3.5% | ||
| Q3 24 | 11.0% | 4.4% | ||
| Q2 24 | 22.4% | 1.9% | ||
| Q1 24 | 5.2% | 12.4% |
净利率BTUVSCO
| Q4 25 | 1.2% | -2.5% | ||
| Q3 25 | -6.9% | 1.1% | ||
| Q2 25 | -3.1% | -0.1% | ||
| Q1 25 | 3.7% | 9.2% | ||
| Q4 24 | 3.4% | -4.2% | ||
| Q3 24 | 9.3% | 2.3% | ||
| Q2 24 | 19.1% | -0.3% | ||
| Q1 24 | 4.0% | 8.6% |
每股收益（稀释后）BTUVSCO
| Q4 25 | $0.11 | $-0.46 | ||
| Q3 25 | $-0.58 | $0.20 | ||
| Q2 25 | $-0.23 | $-0.02 | ||
| Q1 25 | $0.27 | $2.41 | ||
| Q4 24 | $0.25 | $-0.71 | ||
| Q3 24 | $0.74 | $0.40 | ||
| Q2 24 | $1.42 | $-0.05 | ||
| Q1 24 | $0.29 | $2.32 |
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 | $249.0M |
| 总债务越低越好 | $321.2M | — |
| 股东权益账面价值 | $3.5B | $653.0M |
| 总资产 | $5.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资BTUVSCO
| Q4 25 | $575.3M | $249.0M | ||
| Q3 25 | $603.3M | $188.0M | ||
| Q2 25 | $585.9M | $138.0M | ||
| Q1 25 | $696.5M | $227.0M | ||
| Q4 24 | $700.4M | $161.0M | ||
| Q3 24 | $772.9M | $169.0M | ||
| Q2 24 | $621.7M | $105.0M | ||
| Q1 24 | $855.7M | $270.0M |
总债务BTUVSCO
| Q4 25 | $321.2M | — | ||
| Q3 25 | $321.8M | — | ||
| Q2 25 | $329.2M | — | ||
| Q1 25 | $331.2M | — | ||
| Q4 24 | $332.3M | — | ||
| Q3 24 | $323.7M | — | ||
| Q2 24 | $323.2M | — | ||
| Q1 24 | $323.3M | — |
股东权益BTUVSCO
| Q4 25 | $3.5B | $653.0M | ||
| Q3 25 | $3.5B | $680.0M | ||
| Q2 25 | $3.6B | $645.0M | ||
| Q1 25 | $3.7B | $640.0M | ||
| Q4 24 | $3.7B | $429.0M | ||
| Q3 24 | $3.6B | $472.0M | ||
| Q2 24 | $3.7B | $423.0M | ||
| Q1 24 | $3.5B | $417.0M |
总资产BTUVSCO
| Q4 25 | $5.8B | $5.1B | ||
| Q3 25 | $5.7B | $4.8B | ||
| Q2 25 | $5.8B | $4.6B | ||
| Q1 25 | $5.8B | $4.5B | ||
| Q4 24 | $6.0B | $4.9B | ||
| Q3 24 | $5.9B | $4.6B | ||
| Q2 24 | $5.9B | $4.4B | ||
| Q1 24 | $5.7B | $4.6B |
负债/权益比BTUVSCO
| Q4 25 | 0.09× | — | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 0.09× | — | ||
| 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 | $-180.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-232.0M |
| 自由现金流率自由现金流/营收 | — | -15.8% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 5.53× | — |
| 过去12个月自由现金流最近4个季度 | — | $309.0M |
8季度趋势，按日历期对齐
经营现金流BTUVSCO
| Q4 25 | $68.6M | $-180.0M | ||
| Q3 25 | $122.0M | $156.0M | ||
| Q2 25 | $23.2M | $-150.0M | ||
| Q1 25 | $119.9M | $674.0M | ||
| Q4 24 | $119.8M | $-248.0M | ||
| Q3 24 | $359.9M | $115.0M | ||
| Q2 24 | $7.8M | $-116.0M | ||
| Q1 24 | $119.0M | $589.0M |
自由现金流BTUVSCO
| Q4 25 | — | $-232.0M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $-193.0M | ||
| Q1 25 | — | $646.0M | ||
| Q4 24 | — | $-299.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | — | $-155.0M | ||
| Q1 24 | — | $557.0M |
自由现金流率BTUVSCO
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -14.3% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | 26.7% |
资本支出强度BTUVSCO
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.5% |
现金转化率BTUVSCO
| Q4 25 | 5.53× | — | ||
| Q3 25 | — | 9.75× | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.49× | 3.49× | ||
| Q4 24 | 3.17× | — | ||
| Q3 24 | 3.55× | 3.59× | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 3.01× | 3.27× |
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% |
VSCO
| Sales Channel North America Stores | $778.0M | 53% |
| Sales Channel Directly To Consumer | $429.0M | 29% |
| Sales Channel International | $265.0M | 18% |
| Sales Channel Loyalty And Private Label Credit Card | $19.0M | 1% |
