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CenterPoint Energy（CNP）与好时（HSY）财务数据对比。点击上方公司名可切换其他公司
好时的季度营收约是CenterPoint Energy的1.3倍（$3.1B vs $2.4B），CenterPoint Energy净利率更高（10.8% vs 10.4%，领先0.5%），CenterPoint Energy同比增速更快（10.7% vs 7.0%），好时自由现金流更多（$788.5M vs $-707.0M），过去两年好时的营收复合增速更高（-2.5% vs -3.1%）
CenterPoint Energy是总部位于美国得克萨斯州休斯敦的公用事业企业，位列《财富》美国500强，为印第安纳、俄亥俄、路易斯安那、明尼苏达、密西西比、得克萨斯六州多个区域的用户提供电力及天然气公用事业服务，曾使用Reliant Energy、Houston Industries等名称开展业务。
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
CNP vs HSY — 直观对比
营收规模更大
HSY
是对方的1.3倍
$2.4B
营收增速更快
CNP
高出3.6%
7.0%
净利率更高
CNP
高出0.5%
10.4%
自由现金流更多
HSY
多$1.5B
$-707.0M
两年增速更快
HSY
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.1B |
| 净利润 | $264.0M | $320.0M |
| 毛利率 | — | 37.0% |
| 营业利润率 | 22.2% | 14.4% |
| 净利率 | 10.8% | 10.4% |
| 营收同比 | 10.7% | 7.0% |
| 净利润同比 | 6.5% | -59.8% |
| 每股收益（稀释后） | $0.40 | — |
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CNPHSY
| Q4 25 | $2.4B | $3.1B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $2.2B | $2.9B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.9B | $2.1B | ||
| Q1 24 | $2.6B | $3.3B |
净利润CNPHSY
| Q4 25 | $264.0M | $320.0M | ||
| Q3 25 | $293.0M | $276.3M | ||
| Q2 25 | $198.0M | $62.7M | ||
| Q1 25 | $297.0M | $224.2M | ||
| Q4 24 | $248.0M | $796.6M | ||
| Q3 24 | $193.0M | $446.3M | ||
| Q2 24 | $228.0M | $180.9M | ||
| Q1 24 | $350.0M | $797.5M |
毛利率CNPHSY
| Q4 25 | — | 37.0% | ||
| Q3 25 | 99.9% | 32.6% | ||
| Q2 25 | 99.9% | 30.5% | ||
| Q1 25 | 100.0% | 33.7% | ||
| Q4 24 | 100.0% | 54.0% | ||
| Q3 24 | 99.9% | 41.3% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | 100.0% | 51.5% |
营业利润率CNPHSY
| Q4 25 | 22.2% | 14.4% | ||
| Q3 25 | 25.2% | 13.7% | ||
| Q2 25 | 21.4% | 7.4% | ||
| Q1 25 | 22.0% | 13.2% | ||
| Q4 24 | 21.9% | 32.5% | ||
| Q3 24 | 22.9% | 20.5% | ||
| Q2 24 | 24.5% | 13.9% | ||
| Q1 24 | 23.7% | 32.5% |
净利率CNPHSY
| Q4 25 | 10.8% | 10.4% | ||
| Q3 25 | 14.7% | 8.7% | ||
| Q2 25 | 10.1% | 2.4% | ||
| Q1 25 | 10.0% | 8.0% | ||
| Q4 24 | 11.3% | 27.6% | ||
| Q3 24 | 10.4% | 14.9% | ||
| Q2 24 | 12.0% | 8.7% | ||
| Q1 24 | 13.5% | 24.5% |
每股收益（稀释后）CNPHSY
| Q4 25 | $0.40 | — | ||
| Q3 25 | $0.45 | — | ||
| Q2 25 | $0.30 | — | ||
| Q1 25 | $0.45 | — | ||
| Q4 24 | $0.37 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $0.36 | — | ||
| Q1 24 | $0.55 | — |
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 | $548.0M | — |
| 总债务越低越好 | $20.6B | $4.7B |
| 股东权益账面价值 | $11.2B | $4.6B |
| 总资产 | $46.5B | $13.7B |
| 负债/权益比越低杠杆越低 | 1.84× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资CNPHSY
| Q4 25 | $548.0M | — | ||
| Q3 25 | $616.0M | — | ||
| Q2 25 | $776.0M | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $585.0M | — | ||
| Q3 24 | $643.0M | — | ||
| Q2 24 | $543.0M | — | ||
| Q1 24 | $619.0M | — |
总债务CNPHSY
| Q4 25 | $20.6B | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $20.4B | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.8B |
股东权益CNPHSY
| Q4 25 | $11.2B | $4.6B | ||
| Q3 25 | $11.0B | $4.6B | ||
| Q2 25 | $11.0B | $4.5B | ||
| Q1 25 | $11.0B | $4.7B | ||
| Q4 24 | $10.7B | $4.7B | ||
| Q3 24 | $10.5B | $4.2B | ||
| Q2 24 | $10.4B | $4.0B | ||
| Q1 24 | $10.0B | $4.1B |
总资产CNPHSY
| Q4 25 | $46.5B | $13.7B | ||
| Q3 25 | $45.0B | $13.6B | ||
| Q2 25 | $44.1B | $13.6B | ||
| Q1 25 | $44.5B | $14.0B | ||
| Q4 24 | $43.8B | $12.9B | ||
| Q3 24 | $42.9B | $12.6B | ||
| Q2 24 | $41.0B | $12.4B | ||
| Q1 24 | $40.2B | $12.4B |
负债/权益比CNPHSY
| Q4 25 | 1.84× | 1.01× | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 1.91× | 0.68× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.92× |
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 | $774.0M | $926.6M |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $788.5M |
| 自由现金流率自由现金流/营收 | -29.0% | 25.5% |
| 资本支出强度资本支出/营收 | 60.7% | 4.5% |
| 现金转化率经营现金流/净利润 | 2.93× | 2.90× |
| 过去12个月自由现金流最近4个季度 | $-2.4B | $1.8B |
8季度趋势，按日历期对齐
经营现金流CNPHSY
| Q4 25 | $774.0M | $926.6M | ||
| Q3 25 | $742.0M | $841.9M | ||
| Q2 25 | $560.0M | $112.2M | ||
| Q1 25 | $410.0M | $396.7M | ||
| Q4 24 | $889.0M | $941.6M | ||
| Q3 24 | $136.0M | $695.3M | ||
| Q2 24 | $576.0M | $325.6M | ||
| Q1 24 | $538.0M | $569.1M |
自由现金流CNPHSY
| Q4 25 | $-707.0M | $788.5M | ||
| Q3 25 | $-480.0M | $756.0M | ||
| Q2 25 | $-569.0M | $27.1M | ||
| Q1 25 | $-628.0M | $251.2M | ||
| Q4 24 | $-1.1B | $807.1M | ||
| Q3 24 | $-708.0M | $567.3M | ||
| Q2 24 | $-236.0M | $195.5M | ||
| Q1 24 | $-307.0M | $355.8M |
自由现金流率CNPHSY
| Q4 25 | -29.0% | 25.5% | ||
| Q3 25 | -24.1% | 23.8% | ||
| Q2 25 | -29.1% | 1.0% | ||
| Q1 25 | -21.2% | 9.0% | ||
| Q4 24 | -51.0% | 28.0% | ||
| Q3 24 | -38.3% | 19.0% | ||
| Q2 24 | -12.4% | 9.4% | ||
| Q1 24 | -11.8% | 10.9% |
资本支出强度CNPHSY
| Q4 25 | 60.7% | 4.5% | ||
| Q3 25 | 61.4% | 2.7% | ||
| Q2 25 | 57.8% | 3.3% | ||
| Q1 25 | 35.1% | 5.2% | ||
| Q4 24 | 91.3% | 4.7% | ||
| Q3 24 | 45.6% | 4.3% | ||
| Q2 24 | 42.6% | 6.3% | ||
| Q1 24 | 32.6% | 6.6% |
现金转化率CNPHSY
| Q4 25 | 2.93× | 2.90× | ||
| Q3 25 | 2.53× | 3.05× | ||
| Q2 25 | 2.83× | 1.79× | ||
| Q1 25 | 1.38× | 1.77× | ||
| Q4 24 | 3.58× | 1.18× | ||
| Q3 24 | 0.70× | 1.56× | ||
| Q2 24 | 2.53× | 1.80× | ||
| Q1 24 | 1.54× | 0.71× |
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
CNP
| Electric Segment | $945.0M | 39% |
| Electric | $890.0M | 37% |
| Other | $603.0M | 25% |
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
