vs
Constellation Energy（CEG）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是Constellation Energy的1.4倍（$7.7B vs $5.7B），Constellation Energy净利率更高（7.6% vs 0.8%，领先6.8%），Constellation Energy同比增速更快（25.8% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
CEG vs SW — 直观对比
营收规模更大
SW
是对方的1.4倍
$5.7B
营收增速更快
CEG
高出25.1%
0.7%
净利率更高
CEG
高出6.8%
0.8%
两年增速更快
SW
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $7.7B |
| 净利润 | $432.0M | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | 10.5% | 3.3% |
| 净利率 | 7.6% | 0.8% |
| 营收同比 | 25.8% | 0.7% |
| 净利润同比 | -49.3% | 0.0% |
| 每股收益（稀释后） | $1.38 | $0.12 |
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CEGSW
| Q1 26 | — | $7.7B | ||
| Q4 25 | $5.7B | $7.6B | ||
| Q3 25 | $5.7B | $8.0B | ||
| Q2 25 | $5.2B | $7.9B | ||
| Q1 25 | $6.1B | $7.7B | ||
| Q4 24 | $4.5B | $7.5B | ||
| Q3 24 | $4.8B | $7.7B | ||
| Q2 24 | $4.4B | $3.0B |
净利润CEGSW
| Q1 26 | — | $63.0M | ||
| Q4 25 | $432.0M | $97.0M | ||
| Q3 25 | $930.0M | $246.0M | ||
| Q2 25 | $839.0M | $-28.0M | ||
| Q1 25 | $118.0M | $384.0M | ||
| Q4 24 | $852.0M | $146.0M | ||
| Q3 24 | $1.2B | $-150.0M | ||
| Q2 24 | $814.0M | $132.0M |
毛利率CEGSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率CEGSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 10.5% | 5.1% | ||
| Q3 25 | 19.0% | 6.6% | ||
| Q2 25 | 18.4% | 3.2% | ||
| Q1 25 | 7.4% | 7.2% | ||
| Q4 24 | 21.5% | 5.3% | ||
| Q3 24 | 30.7% | 0.7% | ||
| Q2 24 | 25.0% | 8.2% |
净利率CEGSW
| Q1 26 | — | 0.8% | ||
| Q4 25 | 7.6% | 1.3% | ||
| Q3 25 | 16.3% | 3.1% | ||
| Q2 25 | 16.3% | -0.4% | ||
| Q1 25 | 1.9% | 5.0% | ||
| Q4 24 | 18.8% | 1.9% | ||
| Q3 24 | 25.1% | -2.0% | ||
| Q2 24 | 18.5% | 4.4% |
每股收益（稀释后）CEGSW
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.38 | $0.18 | ||
| Q3 25 | $2.97 | $0.47 | ||
| Q2 25 | $2.67 | $-0.05 | ||
| Q1 25 | $0.38 | $0.73 | ||
| Q4 24 | $2.71 | $-0.12 | ||
| Q3 24 | $3.82 | $-0.30 | ||
| Q2 24 | $2.58 | $0.51 |
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 | — |
| 总债务越低越好 | $7.4B | $980.0M |
| 股东权益账面价值 | $14.5B | $18.1B |
| 总资产 | $57.2B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CEGSW
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $892.0M | ||
| Q3 25 | $4.0B | $851.0M | ||
| Q2 25 | $2.0B | $778.0M | ||
| Q1 25 | $1.8B | $797.0M | ||
| Q4 24 | $3.0B | $855.0M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $311.0M | $26.8K |
总债务CEGSW
| Q1 26 | — | $980.0M | ||
| Q4 25 | $7.4B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $8.5B | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益CEGSW
| Q1 26 | — | $18.1B | ||
| Q4 25 | $14.5B | $18.3B | ||
| Q3 25 | $14.3B | $18.4B | ||
| Q2 25 | $13.4B | $18.3B | ||
| Q1 25 | $13.0B | $17.9B | ||
| Q4 24 | $13.2B | $17.4B | ||
| Q3 24 | $12.6B | $18.0B | ||
| Q2 24 | $11.4B | $14.5K |
总资产CEGSW
| Q1 26 | — | $45.2B | ||
| Q4 25 | $57.2B | $45.2B | ||
| Q3 25 | $56.2B | $45.6B | ||
| Q2 25 | $53.0B | $45.7B | ||
| Q1 25 | $52.3B | $44.6B | ||
| Q4 24 | $52.9B | $43.8B | ||
| Q3 24 | $51.8B | $45.0B | ||
| Q2 24 | $51.3B | $26.8K |
负债/权益比CEGSW
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.51× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | 0.64× | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 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 | $204.0M |
| 自由现金流经营现金流 - 资本支出 | $-181.0M | — |
| 自由现金流率自由现金流/营收 | -3.2% | — |
| 资本支出强度资本支出/营收 | 17.3% | — |
| 现金转化率经营现金流/净利润 | 1.86× | 3.24× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流CEGSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $805.0M | $1.2B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.5B | $829.0M | ||
| Q1 25 | $107.0M | $235.0M | ||
| Q4 24 | $-1.0B | $781.0M | ||
| Q3 24 | $-112.0M | $320.0M | ||
| Q2 24 | $-613.0M | $340.0M |
自由现金流CEGSW
| Q1 26 | — | — | ||
| Q4 25 | $-181.0M | $612.0M | ||
| Q3 25 | $1.5B | $523.0M | ||
| Q2 25 | $710.0M | $307.0M | ||
| Q1 25 | $-699.0M | $-242.0M | ||
| Q4 24 | $-1.7B | $212.0M | ||
| Q3 24 | $-664.0M | $-192.0M | ||
| Q2 24 | $-1.2B | $163.0M |
自由现金流率CEGSW
| Q1 26 | — | — | ||
| Q4 25 | -3.2% | 8.1% | ||
| Q3 25 | 25.6% | 6.5% | ||
| Q2 25 | 13.8% | 3.9% | ||
| Q1 25 | -11.4% | -3.2% | ||
| Q4 24 | -38.6% | 2.8% | ||
| Q3 24 | -13.9% | -2.5% | ||
| Q2 24 | -26.3% | 5.5% |
资本支出强度CEGSW
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 7.7% | ||
| Q3 25 | 6.8% | 7.6% | ||
| Q2 25 | 14.9% | 6.6% | ||
| Q1 25 | 13.2% | 6.2% | ||
| Q4 24 | 16.1% | 7.5% | ||
| Q3 24 | 11.6% | 6.7% | ||
| Q2 24 | 12.4% | 6.0% |
现金转化率CEGSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.86× | 12.32× | ||
| Q3 25 | 1.99× | 4.61× | ||
| Q2 25 | 1.76× | — | ||
| Q1 25 | 0.91× | 0.61× | ||
| Q4 24 | -1.19× | 5.35× | ||
| Q3 24 | -0.09× | — | ||
| Q2 24 | -0.75× | 2.58× |
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% |
SW
暂无分部数据
