vs
Constellation Energy（CEG）与KOHLS Corp（KSS）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KOHLS Corp的1.6倍（$5.7B vs $3.6B），Constellation Energy净利率更高（7.6% vs 0.2%，领先7.4%），Constellation Energy同比增速更快（25.8% vs -3.6%），KOHLS Corp自由现金流更多（$16.0M vs $-181.0M），过去两年Constellation Energy的营收复合增速更高（4.0% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
CEG vs KSS — 直观对比
营收规模更大
CEG
是对方的1.6倍
$3.6B
营收增速更快
CEG
高出29.5%
-3.6%
净利率更高
CEG
高出7.4%
0.2%
自由现金流更多
KSS
多$197.0M
$-181.0M
两年增速更快
CEG
近两年复合增速
-22.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $3.6B |
| 净利润 | $432.0M | $8.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 10.5% | 2.0% |
| 净利率 | 7.6% | 0.2% |
| 营收同比 | 25.8% | -3.6% |
| 净利润同比 | -49.3% | -63.6% |
| 每股收益（稀释后） | $1.38 | $0.07 |
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CEGKSS
| Q4 25 | $5.7B | $3.6B | ||
| Q3 25 | $5.7B | $3.5B | ||
| Q2 25 | $5.2B | $3.2B | ||
| Q1 25 | $6.1B | $5.4B | ||
| Q4 24 | $4.5B | $3.7B | ||
| Q3 24 | $4.8B | $3.7B | ||
| Q2 24 | $4.4B | $3.4B | ||
| Q1 24 | $5.3B | $6.0B |
净利润CEGKSS
| Q4 25 | $432.0M | $8.0M | ||
| Q3 25 | $930.0M | $153.0M | ||
| Q2 25 | $839.0M | $-15.0M | ||
| Q1 25 | $118.0M | $48.0M | ||
| Q4 24 | $852.0M | $22.0M | ||
| Q3 24 | $1.2B | $66.0M | ||
| Q2 24 | $814.0M | $-27.0M | ||
| Q1 24 | $883.0M | $186.0M |
毛利率CEGKSS
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 43.3% | ||
| Q2 25 | — | 43.3% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 42.4% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 43.1% | ||
| Q1 24 | — | 35.2% |
营业利润率CEGKSS
| Q4 25 | 10.5% | 2.0% | ||
| Q3 25 | 19.0% | 7.9% | ||
| Q2 25 | 18.4% | 1.9% | ||
| Q1 25 | 7.4% | 2.3% | ||
| Q4 24 | 21.5% | 2.6% | ||
| Q3 24 | 30.7% | 4.4% | ||
| Q2 24 | 25.0% | 1.3% | ||
| Q1 24 | 15.5% | 5.0% |
净利率CEGKSS
| Q4 25 | 7.6% | 0.2% | ||
| Q3 25 | 16.3% | 4.3% | ||
| Q2 25 | 16.3% | -0.5% | ||
| Q1 25 | 1.9% | 0.9% | ||
| Q4 24 | 18.8% | 0.6% | ||
| Q3 24 | 25.1% | 1.8% | ||
| Q2 24 | 18.5% | -0.8% | ||
| Q1 24 | 16.8% | 3.1% |
每股收益（稀释后）CEGKSS
| Q4 25 | $1.38 | $0.07 | ||
| Q3 25 | $2.97 | $1.35 | ||
| Q2 25 | $2.67 | $-0.13 | ||
| Q1 25 | $0.38 | $0.43 | ||
| Q4 24 | $2.71 | $0.20 | ||
| Q3 24 | $3.82 | $0.59 | ||
| Q2 24 | $2.58 | $-0.24 | ||
| Q1 24 | $2.78 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | $7.4B | — |
| 股东权益账面价值 | $14.5B | $3.9B |
| 总资产 | $57.2B | $14.1B |
| 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CEGKSS
| Q4 25 | $3.6B | $144.0M | ||
| Q3 25 | $4.0B | $174.0M | ||
| Q2 25 | $2.0B | $153.0M | ||
| Q1 25 | $1.8B | $134.0M | ||
| Q4 24 | $3.0B | $174.0M | ||
| Q3 24 | $1.8B | $231.0M | ||
| Q2 24 | $311.0M | $228.0M | ||
| Q1 24 | $562.0M | $183.0M |
总债务CEGKSS
| Q4 25 | $7.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CEGKSS
| Q4 25 | $14.5B | $3.9B | ||
| Q3 25 | $14.3B | $3.9B | ||
| Q2 25 | $13.4B | $3.8B | ||
| Q1 25 | $13.0B | $3.8B | ||
| Q4 24 | $13.2B | $3.8B | ||
| Q3 24 | $12.6B | $3.8B | ||
| Q2 24 | $11.4B | $3.8B | ||
| Q1 24 | $11.2B | $3.9B |
总资产CEGKSS
| Q4 25 | $57.2B | $14.1B | ||
| Q3 25 | $56.2B | $13.4B | ||
| Q2 25 | $53.0B | $13.6B | ||
| Q1 25 | $52.3B | $13.6B | ||
| Q4 24 | $52.9B | $15.1B | ||
| Q3 24 | $51.8B | $14.2B | ||
| Q2 24 | $51.3B | $14.3B | ||
| Q1 24 | $52.0B | $14.0B |
负债/权益比CEGKSS
| 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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $-181.0M | $16.0M |
| 自由现金流率自由现金流/营收 | -3.2% | 0.4% |
| 资本支出强度资本支出/营收 | 17.3% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.86× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $819.0M |
8季度趋势，按日历期对齐
经营现金流CEGKSS
| Q4 25 | $805.0M | $124.0M | ||
| Q3 25 | $1.8B | $598.0M | ||
| Q2 25 | $1.5B | $-92.0M | ||
| Q1 25 | $107.0M | $596.0M | ||
| Q4 24 | $-1.0B | $-195.0M | ||
| Q3 24 | $-112.0M | $254.0M | ||
| Q2 24 | $-613.0M | $-7.0M | ||
| Q1 24 | $-723.0M | $789.0M |
自由现金流CEGKSS
| Q4 25 | $-181.0M | $16.0M | ||
| Q3 25 | $1.5B | $508.0M | ||
| Q2 25 | $710.0M | $-202.0M | ||
| Q1 25 | $-699.0M | $497.0M | ||
| Q4 24 | $-1.7B | $-323.0M | ||
| Q3 24 | $-664.0M | $141.0M | ||
| Q2 24 | $-1.2B | $-133.0M | ||
| Q1 24 | $-1.5B | $707.0M |
自由现金流率CEGKSS
| Q4 25 | -3.2% | 0.4% | ||
| Q3 25 | 25.6% | 14.3% | ||
| Q2 25 | 13.8% | -6.2% | ||
| Q1 25 | -11.4% | 9.2% | ||
| Q4 24 | -38.6% | -8.7% | ||
| Q3 24 | -13.9% | 3.8% | ||
| Q2 24 | -26.3% | -3.9% | ||
| Q1 24 | -27.8% | 11.9% |
资本支出强度CEGKSS
| Q4 25 | 17.3% | 3.0% | ||
| Q3 25 | 6.8% | 2.5% | ||
| Q2 25 | 14.9% | 3.4% | ||
| Q1 25 | 13.2% | 1.8% | ||
| Q4 24 | 16.1% | 3.5% | ||
| Q3 24 | 11.6% | 3.0% | ||
| Q2 24 | 12.4% | 3.7% | ||
| Q1 24 | 14.0% | 1.4% |
现金转化率CEGKSS
| Q4 25 | 1.86× | 15.50× | ||
| Q3 25 | 1.99× | 3.91× | ||
| Q2 25 | 1.76× | — | ||
| Q1 25 | 0.91× | 12.42× | ||
| Q4 24 | -1.19× | -8.86× | ||
| Q3 24 | -0.09× | 3.85× | ||
| Q2 24 | -0.75× | — | ||
| Q1 24 | -0.82× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
