vs
CenterPoint Energy（CNP）与勤达睿（KD）财务数据对比。点击上方公司名可切换其他公司
勤达睿的季度营收约是CenterPoint Energy的1.6倍（$3.9B vs $2.4B），CenterPoint Energy净利率更高（10.8% vs 1.5%，领先9.4%），CenterPoint Energy同比增速更快（10.7% vs 3.1%），勤达睿自由现金流更多（$208.0M vs $-707.0M），过去两年勤达睿的营收复合增速更高（0.1% 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。
勤达睿是总部位于美国纽约的跨国IT基础设施服务提供商，2021年由IBM的基础设施服务业务分拆独立成立。公司业务涵盖大型信息系统的设计、搭建、运维与开发，同时提供商业咨询服务，是目前全球最大的IT基础设施服务提供商、全球第五大咨询服务提供商。
CNP vs KD — 直观对比
营收规模更大
KD
是对方的1.6倍
$2.4B
营收增速更快
CNP
高出7.6%
3.1%
净利率更高
CNP
高出9.4%
1.5%
自由现金流更多
KD
多$915.0M
$-707.0M
两年增速更快
KD
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.9B |
| 净利润 | $264.0M | $57.0M |
| 毛利率 | — | 21.8% |
| 营业利润率 | 22.2% | 2.4% |
| 净利率 | 10.8% | 1.5% |
| 营收同比 | 10.7% | 3.1% |
| 净利润同比 | 6.5% | -73.5% |
| 每股收益（稀释后） | $0.40 | $0.25 |
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CNPKD
| Q4 25 | $2.4B | $3.9B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $2.0B | $3.7B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $2.2B | $3.7B | ||
| Q3 24 | $1.8B | $3.8B | ||
| Q2 24 | $1.9B | $3.7B | ||
| Q1 24 | $2.6B | $3.9B |
净利润CNPKD
| Q4 25 | $264.0M | $57.0M | ||
| Q3 25 | $293.0M | $68.0M | ||
| Q2 25 | $198.0M | $56.0M | ||
| Q1 25 | $297.0M | $69.0M | ||
| Q4 24 | $248.0M | $215.0M | ||
| Q3 24 | $193.0M | $-43.0M | ||
| Q2 24 | $228.0M | $11.0M | ||
| Q1 24 | $350.0M | $-45.0M |
毛利率CNPKD
| Q4 25 | — | 21.8% | ||
| Q3 25 | 99.9% | 21.5% | ||
| Q2 25 | 99.9% | 21.3% | ||
| Q1 25 | 100.0% | 21.7% | ||
| Q4 24 | 100.0% | 20.4% | ||
| Q3 24 | 99.9% | 19.9% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | 100.0% | 18.6% |
营业利润率CNPKD
| Q4 25 | 22.2% | 2.4% | ||
| Q3 25 | 25.2% | 2.6% | ||
| Q2 25 | 21.4% | 2.5% | ||
| Q1 25 | 22.0% | 3.1% | ||
| Q4 24 | 21.9% | 6.9% | ||
| Q3 24 | 22.9% | -0.1% | ||
| Q2 24 | 24.5% | 1.7% | ||
| Q1 24 | 23.7% | -0.1% |
净利率CNPKD
| Q4 25 | 10.8% | 1.5% | ||
| Q3 25 | 14.7% | 1.8% | ||
| Q2 25 | 10.1% | 1.5% | ||
| Q1 25 | 10.0% | 1.8% | ||
| Q4 24 | 11.3% | 5.7% | ||
| Q3 24 | 10.4% | -1.1% | ||
| Q2 24 | 12.0% | 0.3% | ||
| Q1 24 | 13.5% | -1.2% |
每股收益（稀释后）CNPKD
| Q4 25 | $0.40 | $0.25 | ||
| Q3 25 | $0.45 | $0.29 | ||
| Q2 25 | $0.30 | $0.23 | ||
| Q1 25 | $0.45 | $0.30 | ||
| Q4 24 | $0.37 | $0.89 | ||
| Q3 24 | $0.30 | $-0.19 | ||
| Q2 24 | $0.36 | $0.05 | ||
| Q1 24 | $0.55 | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | $20.6B | $2.3B |
| 股东权益账面价值 | $11.2B | $1.2B |
| 总资产 | $46.5B | $11.3B |
| 负债/权益比越低杠杆越低 | 1.84× | 1.92× |
8季度趋势，按日历期对齐
现金及短期投资CNPKD
| Q4 25 | $548.0M | $1.3B | ||
| Q3 25 | $616.0M | $1.3B | ||
| Q2 25 | $776.0M | $1.5B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $585.0M | $1.5B | ||
| Q3 24 | $643.0M | $1.3B | ||
| Q2 24 | $543.0M | $1.3B | ||
| Q1 24 | $619.0M | $1.6B |
总债务CNPKD
| Q4 25 | $20.6B | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $20.4B | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
股东权益CNPKD
| Q4 25 | $11.2B | $1.2B | ||
| Q3 25 | $11.0B | $1.2B | ||
| Q2 25 | $11.0B | $1.2B | ||
| Q1 25 | $11.0B | $1.2B | ||
| Q4 24 | $10.7B | $1.1B | ||
| Q3 24 | $10.5B | $1.1B | ||
| Q2 24 | $10.4B | $996.0M | ||
| Q1 24 | $10.0B | $1.0B |
总资产CNPKD
| Q4 25 | $46.5B | $11.3B | ||
| Q3 25 | $45.0B | $11.2B | ||
| Q2 25 | $44.1B | $11.5B | ||
| Q1 25 | $44.5B | $10.5B | ||
| Q4 24 | $43.8B | $9.9B | ||
| Q3 24 | $42.9B | $10.4B | ||
| Q2 24 | $41.0B | $10.2B | ||
| Q1 24 | $40.2B | $10.6B |
负债/权益比CNPKD
| Q4 25 | 1.84× | 1.92× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | — | 2.44× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | 1.91× | 2.81× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | 3.07× |
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 | $428.0M |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $208.0M |
| 自由现金流率自由现金流/营收 | -29.0% | 5.4% |
| 资本支出强度资本支出/营收 | 60.7% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.93× | 7.51× |
| 过去12个月自由现金流最近4个季度 | $-2.4B | $299.0M |
8季度趋势，按日历期对齐
经营现金流CNPKD
| Q4 25 | $774.0M | $428.0M | ||
| Q3 25 | $742.0M | $146.0M | ||
| Q2 25 | $560.0M | $-124.0M | ||
| Q1 25 | $410.0M | $581.0M | ||
| Q4 24 | $889.0M | $260.0M | ||
| Q3 24 | $136.0M | $149.0M | ||
| Q2 24 | $576.0M | $-48.0M | ||
| Q1 24 | $538.0M | $145.0M |
自由现金流CNPKD
| Q4 25 | $-707.0M | $208.0M | ||
| Q3 25 | $-480.0M | $17.0M | ||
| Q2 25 | $-569.0M | $-267.0M | ||
| Q1 25 | $-628.0M | $341.0M | ||
| Q4 24 | $-1.1B | $151.0M | ||
| Q3 24 | $-708.0M | $15.0M | ||
| Q2 24 | $-236.0M | $-170.0M | ||
| Q1 24 | $-307.0M | $-57.0M |
自由现金流率CNPKD
| Q4 25 | -29.0% | 5.4% | ||
| Q3 25 | -24.1% | 0.5% | ||
| Q2 25 | -29.1% | -7.1% | ||
| Q1 25 | -21.2% | 9.0% | ||
| Q4 24 | -51.0% | 4.0% | ||
| Q3 24 | -38.3% | 0.4% | ||
| Q2 24 | -12.4% | -4.5% | ||
| Q1 24 | -11.8% | -1.5% |
资本支出强度CNPKD
| Q4 25 | 60.7% | 5.7% | ||
| Q3 25 | 61.4% | 3.5% | ||
| Q2 25 | 57.8% | 3.8% | ||
| Q1 25 | 35.1% | 6.3% | ||
| Q4 24 | 91.3% | 2.9% | ||
| Q3 24 | 45.6% | 3.6% | ||
| Q2 24 | 42.6% | 3.3% | ||
| Q1 24 | 32.6% | 5.2% |
现金转化率CNPKD
| Q4 25 | 2.93× | 7.51× | ||
| Q3 25 | 2.53× | 2.15× | ||
| Q2 25 | 2.83× | -2.21× | ||
| Q1 25 | 1.38× | 8.42× | ||
| Q4 24 | 3.58× | 1.21× | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 2.53× | -4.36× | ||
| Q1 24 | 1.54× | — |
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% |
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
