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Constellation Energy（CEG）与Expeditors International（EXPD）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Expeditors International的2.0倍（$5.7B vs $2.9B），Constellation Energy净利率更高（7.6% vs 7.0%，领先0.6%），Constellation Energy同比增速更快（25.8% vs -3.3%），Expeditors International自由现金流更多（$270.3M vs $-181.0M），过去两年Expeditors International的营收复合增速更高（13.8% vs 4.0%）
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。
美国财富500强物流服务企业，总部位于华盛顿州贝尔维尤，依托覆盖六大洲100余个国家超340个网点的全球网络及统一集成的技术系统，为客户提供高度优化的定制化供应链解决方案。
CEG vs EXPD — 直观对比
营收规模更大
CEG
是对方的2.0倍
$2.9B
营收增速更快
CEG
高出29.2%
-3.3%
净利率更高
CEG
高出0.6%
7.0%
自由现金流更多
EXPD
多$451.3M
$-181.0M
两年增速更快
EXPD
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $2.9B |
| 净利润 | $432.0M | $200.7M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 8.8% |
| 净利率 | 7.6% | 7.0% |
| 营收同比 | 25.8% | -3.3% |
| 净利润同比 | -49.3% | -14.9% |
| 每股收益（稀释后） | $1.38 | $1.50 |
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CEGEXPD
| Q4 25 | $5.7B | $2.9B | ||
| Q3 25 | $5.7B | $2.9B | ||
| Q2 25 | $5.2B | $2.7B | ||
| Q1 25 | $6.1B | $2.7B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.8B | $3.0B | ||
| Q2 24 | $4.4B | $2.4B | ||
| Q1 24 | $5.3B | $2.2B |
净利润CEGEXPD
| Q4 25 | $432.0M | $200.7M | ||
| Q3 25 | $930.0M | $222.3M | ||
| Q2 25 | $839.0M | $183.6M | ||
| Q1 25 | $118.0M | $203.8M | ||
| Q4 24 | $852.0M | $235.9M | ||
| Q3 24 | $1.2B | $229.6M | ||
| Q2 24 | $814.0M | $175.5M | ||
| Q1 24 | $883.0M | $169.2M |
营业利润率CEGEXPD
| Q4 25 | 10.5% | 8.8% | ||
| Q3 25 | 19.0% | 10.0% | ||
| Q2 25 | 18.4% | 9.3% | ||
| Q1 25 | 7.4% | 10.0% | ||
| Q4 24 | 21.5% | 10.2% | ||
| Q3 24 | 30.7% | 10.1% | ||
| Q2 24 | 25.0% | 9.2% | ||
| Q1 24 | 15.5% | 9.7% |
净利率CEGEXPD
| Q4 25 | 7.6% | 7.0% | ||
| Q3 25 | 16.3% | 7.7% | ||
| Q2 25 | 16.3% | 6.9% | ||
| Q1 25 | 1.9% | 7.6% | ||
| Q4 24 | 18.8% | 8.0% | ||
| Q3 24 | 25.1% | 7.7% | ||
| Q2 24 | 18.5% | 7.2% | ||
| Q1 24 | 16.8% | 7.7% |
每股收益（稀释后）CEGEXPD
| Q4 25 | $1.38 | $1.50 | ||
| Q3 25 | $2.97 | $1.64 | ||
| Q2 25 | $2.67 | $1.34 | ||
| Q1 25 | $0.38 | $1.47 | ||
| Q4 24 | $2.71 | $1.68 | ||
| Q3 24 | $3.82 | $1.63 | ||
| Q2 24 | $2.58 | $1.24 | ||
| Q1 24 | $2.78 | $1.17 |
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 | $3.6B | $1.3B |
| 总债务越低越好 | $7.4B | — |
| 股东权益账面价值 | $14.5B | $2.4B |
| 总资产 | $57.2B | $4.9B |
| 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CEGEXPD
| Q4 25 | $3.6B | $1.3B | ||
| Q3 25 | $4.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $3.0B | $1.1B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $311.0M | $1.3B | ||
| Q1 24 | $562.0M | $1.4B |
总债务CEGEXPD
| Q4 25 | $7.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CEGEXPD
| Q4 25 | $14.5B | $2.4B | ||
| Q3 25 | $14.3B | $2.3B | ||
| Q2 25 | $13.4B | $2.2B | ||
| Q1 25 | $13.0B | $2.3B | ||
| Q4 24 | $13.2B | $2.2B | ||
| Q3 24 | $12.6B | $2.4B | ||
| Q2 24 | $11.4B | $2.2B | ||
| Q1 24 | $11.2B | $2.2B |
总资产CEGEXPD
| Q4 25 | $57.2B | $4.9B | ||
| Q3 25 | $56.2B | $4.8B | ||
| Q2 25 | $53.0B | $4.8B | ||
| Q1 25 | $52.3B | $4.8B | ||
| Q4 24 | $52.9B | $4.8B | ||
| Q3 24 | $51.8B | $5.2B | ||
| Q2 24 | $51.3B | $4.8B | ||
| Q1 24 | $52.0B | $4.5B |
负债/权益比CEGEXPD
| 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 | $805.0M | $283.3M |
| 自由现金流经营现金流 - 资本支出 | $-181.0M | $270.3M |
| 自由现金流率自由现金流/营收 | -3.2% | 9.5% |
| 资本支出强度资本支出/营收 | 17.3% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.86× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $953.4M |
8季度趋势，按日历期对齐
经营现金流CEGEXPD
| Q4 25 | $805.0M | $283.3M | ||
| Q3 25 | $1.8B | $201.4M | ||
| Q2 25 | $1.5B | $179.2M | ||
| Q1 25 | $107.0M | $342.6M | ||
| Q4 24 | $-1.0B | $249.7M | ||
| Q3 24 | $-112.0M | $90.0M | ||
| Q2 24 | $-613.0M | $126.8M | ||
| Q1 24 | $-723.0M | $256.9M |
自由现金流CEGEXPD
| Q4 25 | $-181.0M | $270.3M | ||
| Q3 25 | $1.5B | $190.3M | ||
| Q2 25 | $710.0M | $163.3M | ||
| Q1 25 | $-699.0M | $329.5M | ||
| Q4 24 | $-1.7B | $239.7M | ||
| Q3 24 | $-664.0M | $77.7M | ||
| Q2 24 | $-1.2B | $118.8M | ||
| Q1 24 | $-1.5B | $246.7M |
自由现金流率CEGEXPD
| Q4 25 | -3.2% | 9.5% | ||
| Q3 25 | 25.6% | 6.6% | ||
| Q2 25 | 13.8% | 6.2% | ||
| Q1 25 | -11.4% | 12.4% | ||
| Q4 24 | -38.6% | 8.1% | ||
| Q3 24 | -13.9% | 2.6% | ||
| Q2 24 | -26.3% | 4.9% | ||
| Q1 24 | -27.8% | 11.2% |
资本支出强度CEGEXPD
| Q4 25 | 17.3% | 0.5% | ||
| Q3 25 | 6.8% | 0.4% | ||
| Q2 25 | 14.9% | 0.6% | ||
| Q1 25 | 13.2% | 0.5% | ||
| Q4 24 | 16.1% | 0.3% | ||
| Q3 24 | 11.6% | 0.4% | ||
| Q2 24 | 12.4% | 0.3% | ||
| Q1 24 | 14.0% | 0.5% |
现金转化率CEGEXPD
| Q4 25 | 1.86× | 1.41× | ||
| Q3 25 | 1.99× | 0.91× | ||
| Q2 25 | 1.76× | 0.98× | ||
| Q1 25 | 0.91× | 1.68× | ||
| Q4 24 | -1.19× | 1.06× | ||
| Q3 24 | -0.09× | 0.39× | ||
| Q2 24 | -0.75× | 0.72× | ||
| Q1 24 | -0.82× | 1.52× |
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
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% |
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
