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CLEVELAND-CLIFFS INC.（CLF）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
CLEVELAND-CLIFFS INC.的季度营收约是PPL Corporation的1.8倍（$4.3B vs $2.3B），PPL Corporation净利率更高（11.3% vs -5.6%，领先16.9%），PPL Corporation同比增速更快（7.2% vs -0.3%），CLEVELAND-CLIFFS INC.自由现金流更多（$-153.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -8.9%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
CLF vs PPL — 直观对比
营收规模更大
CLF
是对方的1.8倍
$2.3B
营收增速更快
PPL
高出7.5%
-0.3%
净利率更高
PPL
高出16.9%
-5.6%
自由现金流更多
CLF
多$461.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.3B |
| 净利润 | $-241.0M | $266.0M |
| 毛利率 | -5.0% | — |
| 营业利润率 | -7.9% | 20.3% |
| 净利率 | -5.6% | 11.3% |
| 营收同比 | -0.3% | 7.2% |
| 净利润同比 | 46.1% | 50.3% |
| 每股收益（稀释后） | — | $0.35 |
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CLFPPL
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.9B | $2.0B | ||
| Q1 25 | $4.6B | $2.5B | ||
| Q4 24 | $4.3B | $2.2B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $5.1B | $1.9B | ||
| Q1 24 | $5.2B | $2.3B |
净利润CLFPPL
| Q4 25 | $-241.0M | $266.0M | ||
| Q3 25 | $-251.0M | $318.0M | ||
| Q2 25 | $-470.0M | $183.0M | ||
| Q1 25 | $-483.0M | $414.0M | ||
| Q4 24 | $-447.0M | $177.0M | ||
| Q3 24 | $-242.0M | $214.0M | ||
| Q2 24 | $2.0M | $190.0M | ||
| Q1 24 | $-67.0M | $307.0M |
毛利率CLFPPL
| Q4 25 | -5.0% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.4% | — | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 5.5% | — |
营业利润率CLFPPL
| Q4 25 | -7.9% | 20.3% | ||
| Q3 25 | -4.3% | 25.4% | ||
| Q2 25 | -10.1% | 19.9% | ||
| Q1 25 | -11.6% | 26.6% | ||
| Q4 24 | -10.8% | 17.2% | ||
| Q3 24 | -5.7% | 20.6% | ||
| Q2 24 | 0.1% | 20.8% | ||
| Q1 24 | -0.7% | 23.7% |
净利率CLFPPL
| Q4 25 | -5.6% | 11.3% | ||
| Q3 25 | -5.3% | 14.2% | ||
| Q2 25 | -9.5% | 9.0% | ||
| Q1 25 | -10.4% | 16.3% | ||
| Q4 24 | -10.3% | 8.1% | ||
| Q3 24 | -5.3% | 10.3% | ||
| Q2 24 | 0.0% | 10.1% | ||
| Q1 24 | -1.3% | 13.3% |
每股收益（稀释后）CLFPPL
| Q4 25 | — | $0.35 | ||
| Q3 25 | $-0.51 | $0.43 | ||
| Q2 25 | — | $0.25 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | $-0.91 | $0.23 | ||
| Q3 24 | $-0.52 | $0.29 | ||
| Q2 24 | $0.00 | $0.26 | ||
| Q1 24 | $-0.14 | $0.42 |
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 | $57.0M | $1.1B |
| 总债务越低越好 | $7.3B | $18.9B |
| 股东权益账面价值 | $6.1B | $14.9B |
| 总资产 | $20.0B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.19× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CLFPPL
| Q4 25 | $57.0M | $1.1B | ||
| Q3 25 | $66.0M | $1.1B | ||
| Q2 25 | $61.0M | $294.0M | ||
| Q1 25 | $57.0M | $312.0M | ||
| Q4 24 | $54.0M | $306.0M | ||
| Q3 24 | $39.0M | $542.0M | ||
| Q2 24 | $110.0M | $282.0M | ||
| Q1 24 | $30.0M | $276.0M |
总债务CLFPPL
| Q4 25 | $7.3B | $18.9B | ||
| Q3 25 | $8.0B | — | ||
| Q2 25 | $7.7B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.1B | $16.5B | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.7B | — |
股东权益CLFPPL
| Q4 25 | $6.1B | $14.9B | ||
| Q3 25 | $5.5B | $14.4B | ||
| Q2 25 | $5.8B | $14.3B | ||
| Q1 25 | $6.3B | $14.3B | ||
| Q4 24 | $6.7B | $14.1B | ||
| Q3 24 | $6.9B | $14.1B | ||
| Q2 24 | $7.1B | $14.1B | ||
| Q1 24 | $7.2B | $14.1B |
总资产CLFPPL
| Q4 25 | $20.0B | $45.2B | ||
| Q3 25 | $20.3B | $43.9B | ||
| Q2 25 | $20.5B | $42.4B | ||
| Q1 25 | $20.8B | $41.8B | ||
| Q4 24 | $20.9B | $41.1B | ||
| Q3 24 | $16.8B | $40.5B | ||
| Q2 24 | $16.9B | $39.8B | ||
| Q1 24 | $17.2B | $39.6B |
负债/权益比CLFPPL
| Q4 25 | 1.19× | 1.27× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.06× | 1.17× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.51× | — |
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 | $-13.0M | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | -3.5% | -26.1% |
| 资本支出强度资本支出/营收 | 3.2% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流CLFPPL
| Q4 25 | $-13.0M | $548.0M | ||
| Q3 25 | $-143.0M | $966.0M | ||
| Q2 25 | $45.0M | $602.0M | ||
| Q1 25 | $-351.0M | $513.0M | ||
| Q4 24 | $-472.0M | $511.0M | ||
| Q3 24 | $-84.0M | $781.0M | ||
| Q2 24 | $519.0M | $766.0M | ||
| Q1 24 | $142.0M | $282.0M |
自由现金流CLFPPL
| Q4 25 | $-153.0M | $-614.0M | ||
| Q3 25 | $-300.0M | $-179.0M | ||
| Q2 25 | $-67.0M | $-328.0M | ||
| Q1 25 | $-503.0M | $-280.0M | ||
| Q4 24 | $-677.0M | $-349.0M | ||
| Q3 24 | $-235.0M | $102.0M | ||
| Q2 24 | $362.0M | $96.0M | ||
| Q1 24 | $-40.0M | $-314.0M |
自由现金流率CLFPPL
| Q4 25 | -3.5% | -26.1% | ||
| Q3 25 | -6.3% | -8.0% | ||
| Q2 25 | -1.4% | -16.1% | ||
| Q1 25 | -10.9% | -11.0% | ||
| Q4 24 | -15.7% | -15.9% | ||
| Q3 24 | -5.1% | 4.9% | ||
| Q2 24 | 7.1% | 5.1% | ||
| Q1 24 | -0.8% | -13.6% |
资本支出强度CLFPPL
| Q4 25 | 3.2% | 49.5% | ||
| Q3 25 | 3.3% | 51.2% | ||
| Q2 25 | 2.3% | 45.6% | ||
| Q1 25 | 3.3% | 31.2% | ||
| Q4 24 | 4.7% | 39.3% | ||
| Q3 24 | 3.3% | 32.7% | ||
| Q2 24 | 3.1% | 35.8% | ||
| Q1 24 | 3.5% | 25.9% |
现金转化率CLFPPL
| Q4 25 | — | 2.06× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | 259.50× | 4.03× | ||
| Q1 24 | — | 0.92× |
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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
