vs
Constellation Energy（CEG）与PILGRIMS PRIDE CORP（PPC）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PILGRIMS PRIDE CORP的1.3倍（$5.7B vs $4.5B），Constellation Energy净利率更高（7.6% vs 1.9%，领先5.6%），Constellation Energy同比增速更快（25.8% vs 3.3%），PILGRIMS PRIDE CORP自由现金流更多（$10.0M vs $-181.0M），过去两年Constellation Energy的营收复合增速更高（4.0% vs 1.8%）
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。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
CEG vs PPC — 直观对比
营收规模更大
CEG
是对方的1.3倍
$4.5B
营收增速更快
CEG
高出22.5%
3.3%
净利率更高
CEG
高出5.6%
1.9%
自由现金流更多
PPC
多$191.0M
$-181.0M
两年增速更快
CEG
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $4.5B |
| 净利润 | $432.0M | $88.0M |
| 毛利率 | — | 9.5% |
| 营业利润率 | 10.5% | 4.5% |
| 净利率 | 7.6% | 1.9% |
| 营收同比 | 25.8% | 3.3% |
| 净利润同比 | -49.3% | -62.7% |
| 每股收益（稀释后） | $1.38 | $0.37 |
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CEGPPC
| Q4 25 | $5.7B | $4.5B | ||
| Q3 25 | $5.7B | $4.8B | ||
| Q2 25 | $5.2B | $4.8B | ||
| Q1 25 | $6.1B | $4.5B | ||
| Q4 24 | $4.5B | $4.4B | ||
| Q3 24 | $4.8B | $4.6B | ||
| Q2 24 | $4.4B | $4.6B | ||
| Q1 24 | $5.3B | $4.4B |
净利润CEGPPC
| Q4 25 | $432.0M | $88.0M | ||
| Q3 25 | $930.0M | $342.8M | ||
| Q2 25 | $839.0M | $355.5M | ||
| Q1 25 | $118.0M | $296.0M | ||
| Q4 24 | $852.0M | $235.9M | ||
| Q3 24 | $1.2B | $349.9M | ||
| Q2 24 | $814.0M | $326.3M | ||
| Q1 24 | $883.0M | $174.4M |
毛利率CEGPPC
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 8.8% |
营业利润率CEGPPC
| Q4 25 | 10.5% | 4.5% | ||
| Q3 25 | 19.0% | 10.4% | ||
| Q2 25 | 18.4% | 10.8% | ||
| Q1 25 | 7.4% | 9.1% | ||
| Q4 24 | 21.5% | 7.0% | ||
| Q3 24 | 30.7% | 11.1% | ||
| Q2 24 | 25.0% | 9.7% | ||
| Q1 24 | 15.5% | 5.7% |
净利率CEGPPC
| Q4 25 | 7.6% | 1.9% | ||
| Q3 25 | 16.3% | 7.2% | ||
| Q2 25 | 16.3% | 7.5% | ||
| Q1 25 | 1.9% | 6.6% | ||
| Q4 24 | 18.8% | 5.4% | ||
| Q3 24 | 25.1% | 7.6% | ||
| Q2 24 | 18.5% | 7.2% | ||
| Q1 24 | 16.8% | 4.0% |
每股收益（稀释后）CEGPPC
| Q4 25 | $1.38 | $0.37 | ||
| Q3 25 | $2.97 | $1.44 | ||
| Q2 25 | $2.67 | $1.49 | ||
| Q1 25 | $0.38 | $1.24 | ||
| Q4 24 | $2.71 | $1.00 | ||
| Q3 24 | $3.82 | $1.47 | ||
| Q2 24 | $2.58 | $1.37 | ||
| Q1 24 | $2.78 | $0.73 |
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 | $640.2M |
| 总债务越低越好 | $7.4B | $3.1B |
| 股东权益账面价值 | $14.5B | $3.7B |
| 总资产 | $57.2B | $10.3B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资CEGPPC
| Q4 25 | $3.6B | $640.2M | ||
| Q3 25 | $4.0B | $612.6M | ||
| Q2 25 | $2.0B | $849.0M | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | $311.0M | $1.3B | ||
| Q1 24 | $562.0M | $870.8M |
总债务CEGPPC
| Q4 25 | $7.4B | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $8.5B | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.3B |
股东权益CEGPPC
| Q4 25 | $14.5B | $3.7B | ||
| Q3 25 | $14.3B | $3.5B | ||
| Q2 25 | $13.4B | $3.7B | ||
| Q1 25 | $13.0B | $3.1B | ||
| Q4 24 | $13.2B | $4.2B | ||
| Q3 24 | $12.6B | $4.2B | ||
| Q2 24 | $11.4B | $3.7B | ||
| Q1 24 | $11.2B | $3.5B |
总资产CEGPPC
| Q4 25 | $57.2B | $10.3B | ||
| Q3 25 | $56.2B | $10.0B | ||
| Q2 25 | $53.0B | $10.1B | ||
| Q1 25 | $52.3B | $11.0B | ||
| Q4 24 | $52.9B | $10.7B | ||
| Q3 24 | $51.8B | $10.7B | ||
| Q2 24 | $51.3B | $10.1B | ||
| Q1 24 | $52.0B | $9.8B |
负债/权益比CEGPPC
| Q4 25 | 0.51× | 0.84× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | 0.64× | 0.76× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $291.2M |
| 自由现金流经营现金流 - 资本支出 | $-181.0M | $10.0M |
| 自由现金流率自由现金流/营收 | -3.2% | 0.2% |
| 资本支出强度资本支出/营收 | 17.3% | 6.2% |
| 现金转化率经营现金流/净利润 | 1.86× | 3.31× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $653.1M |
8季度趋势，按日历期对齐
经营现金流CEGPPC
| Q4 25 | $805.0M | $291.2M | ||
| Q3 25 | $1.8B | $458.3M | ||
| Q2 25 | $1.5B | $495.2M | ||
| Q1 25 | $107.0M | $126.9M | ||
| Q4 24 | $-1.0B | $349.3M | ||
| Q3 24 | $-112.0M | $651.1M | ||
| Q2 24 | $-613.0M | $718.6M | ||
| Q1 24 | $-723.0M | $271.0M |
自由现金流CEGPPC
| Q4 25 | $-181.0M | $10.0M | ||
| Q3 25 | $1.5B | $275.9M | ||
| Q2 25 | $710.0M | $339.1M | ||
| Q1 25 | $-699.0M | $28.1M | ||
| Q4 24 | $-1.7B | $176.6M | ||
| Q3 24 | $-664.0M | $565.3M | ||
| Q2 24 | $-1.2B | $617.7M | ||
| Q1 24 | $-1.5B | $171.9M |
自由现金流率CEGPPC
| Q4 25 | -3.2% | 0.2% | ||
| Q3 25 | 25.6% | 5.8% | ||
| Q2 25 | 13.8% | 7.1% | ||
| Q1 25 | -11.4% | 0.6% | ||
| Q4 24 | -38.6% | 4.0% | ||
| Q3 24 | -13.9% | 12.3% | ||
| Q2 24 | -26.3% | 13.5% | ||
| Q1 24 | -27.8% | 3.9% |
资本支出强度CEGPPC
| Q4 25 | 17.3% | 6.2% | ||
| Q3 25 | 6.8% | 3.8% | ||
| Q2 25 | 14.9% | 3.3% | ||
| Q1 25 | 13.2% | 2.2% | ||
| Q4 24 | 16.1% | 4.0% | ||
| Q3 24 | 11.6% | 1.9% | ||
| Q2 24 | 12.4% | 2.2% | ||
| Q1 24 | 14.0% | 2.3% |
现金转化率CEGPPC
| Q4 25 | 1.86× | 3.31× | ||
| Q3 25 | 1.99× | 1.34× | ||
| Q2 25 | 1.76× | 1.39× | ||
| Q1 25 | 0.91× | 0.43× | ||
| Q4 24 | -1.19× | 1.48× | ||
| Q3 24 | -0.09× | 1.86× | ||
| Q2 24 | -0.75× | 2.20× | ||
| Q1 24 | -0.82× | 1.55× |
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% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
