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CenterPoint Energy（CNP）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
CenterPoint Energy的季度营收约是北极星的1.5倍（$2.4B vs $1.7B），CenterPoint Energy净利率更高（10.8% vs -2.8%，领先13.7%），CenterPoint Energy同比增速更快（10.7% vs 8.0%），北极星自由现金流更多（$-342.5M vs $-707.0M），过去两年CenterPoint Energy的营收复合增速更高（-3.1% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
CNP vs PII — 直观对比
营收规模更大
CNP
是对方的1.5倍
$1.7B
营收增速更快
CNP
高出2.7%
8.0%
净利率更高
CNP
高出13.7%
-2.8%
自由现金流更多
PII
多$364.5M
$-707.0M
两年增速更快
CNP
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.7B |
| 净利润 | $264.0M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 22.2% | — |
| 净利率 | 10.8% | -2.8% |
| 营收同比 | 10.7% | 8.0% |
| 净利润同比 | 6.5% | 29.2% |
| 每股收益（稀释后） | $0.40 | $-0.83 |
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CNPPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.4B | $1.9B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.9B | $2.0B |
净利润CNPPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $264.0M | $-303.6M | ||
| Q3 25 | $293.0M | $-15.8M | ||
| Q2 25 | $198.0M | $-79.3M | ||
| Q1 25 | $297.0M | $-66.8M | ||
| Q4 24 | $248.0M | $10.6M | ||
| Q3 24 | $193.0M | $27.7M | ||
| Q2 24 | $228.0M | $68.7M |
毛利率CNPPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | 99.9% | 20.7% | ||
| Q2 25 | 99.9% | 19.4% | ||
| Q1 25 | 100.0% | 16.0% | ||
| Q4 24 | 100.0% | 20.4% | ||
| Q3 24 | 99.9% | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率CNPPII
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | -16.7% | ||
| Q3 25 | 25.2% | 1.1% | ||
| Q2 25 | 21.4% | -0.7% | ||
| Q1 25 | 22.0% | -2.4% | ||
| Q4 24 | 21.9% | 3.7% | ||
| Q3 24 | 22.9% | 3.8% | ||
| Q2 24 | 24.5% | 6.1% |
净利率CNPPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | 10.8% | -15.8% | ||
| Q3 25 | 14.7% | -0.9% | ||
| Q2 25 | 10.1% | -4.3% | ||
| Q1 25 | 10.0% | -4.3% | ||
| Q4 24 | 11.3% | 0.6% | ||
| Q3 24 | 10.4% | 1.6% | ||
| Q2 24 | 12.0% | 3.5% |
每股收益（稀释后）CNPPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $0.40 | $-5.34 | ||
| Q3 25 | $0.45 | $-0.28 | ||
| Q2 25 | $0.30 | $-1.39 | ||
| Q1 25 | $0.45 | $-1.17 | ||
| Q4 24 | $0.37 | $0.18 | ||
| Q3 24 | $0.30 | $0.49 | ||
| Q2 24 | $0.36 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | $20.6B | — |
| 股东权益账面价值 | $11.2B | $750.4M |
| 总资产 | $46.5B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.84× | — |
8季度趋势，按日历期对齐
现金及短期投资CNPPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $548.0M | $138.0M | ||
| Q3 25 | $616.0M | $335.5M | ||
| Q2 25 | $776.0M | $324.3M | ||
| Q1 25 | $1.9B | $291.7M | ||
| Q4 24 | $585.0M | $287.8M | ||
| Q3 24 | $643.0M | $291.3M | ||
| Q2 24 | $543.0M | $322.7M |
总债务CNPPII
| Q1 26 | — | — | ||
| Q4 25 | $20.6B | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $20.4B | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益CNPPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $11.2B | $828.4M | ||
| Q3 25 | $11.0B | $1.1B | ||
| Q2 25 | $11.0B | $1.2B | ||
| Q1 25 | $11.0B | $1.2B | ||
| Q4 24 | $10.7B | $1.3B | ||
| Q3 24 | $10.5B | $1.3B | ||
| Q2 24 | $10.4B | $1.3B |
总资产CNPPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $46.5B | $4.9B | ||
| Q3 25 | $45.0B | $5.3B | ||
| Q2 25 | $44.1B | $5.4B | ||
| Q1 25 | $44.5B | $5.5B | ||
| Q4 24 | $43.8B | $5.5B | ||
| Q3 24 | $42.9B | $5.6B | ||
| Q2 24 | $41.0B | $5.7B |
负债/权益比CNPPII
| Q1 26 | — | — | ||
| Q4 25 | 1.84× | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 1.91× | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $-342.5M |
| 自由现金流率自由现金流/营收 | -29.0% | -20.6% |
| 资本支出强度资本支出/营收 | 60.7% | — |
| 现金转化率经营现金流/净利润 | 2.93× | — |
| 过去12个月自由现金流最近4个季度 | $-2.4B | $168.0M |
8季度趋势，按日历期对齐
经营现金流CNPPII
| Q1 26 | — | — | ||
| Q4 25 | $774.0M | $178.7M | ||
| Q3 25 | $742.0M | $158.8M | ||
| Q2 25 | $560.0M | $320.3M | ||
| Q1 25 | $410.0M | $83.2M | ||
| Q4 24 | $889.0M | $206.3M | ||
| Q3 24 | $136.0M | $21.0M | ||
| Q2 24 | $576.0M | $146.3M |
自由现金流CNPPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $-707.0M | $114.0M | ||
| Q3 25 | $-480.0M | $116.7M | ||
| Q2 25 | $-569.0M | $279.8M | ||
| Q1 25 | $-628.0M | $47.6M | ||
| Q4 24 | $-1.1B | $137.3M | ||
| Q3 24 | $-708.0M | $-32.4M | ||
| Q2 24 | $-236.0M | $79.1M |
自由现金流率CNPPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | -29.0% | 5.9% | ||
| Q3 25 | -24.1% | 6.3% | ||
| Q2 25 | -29.1% | 15.1% | ||
| Q1 25 | -21.2% | 3.1% | ||
| Q4 24 | -51.0% | 7.8% | ||
| Q3 24 | -38.3% | -1.9% | ||
| Q2 24 | -12.4% | 4.0% |
资本支出强度CNPPII
| Q1 26 | — | — | ||
| Q4 25 | 60.7% | 3.4% | ||
| Q3 25 | 61.4% | 2.3% | ||
| Q2 25 | 57.8% | 2.2% | ||
| Q1 25 | 35.1% | 2.3% | ||
| Q4 24 | 91.3% | 3.9% | ||
| Q3 24 | 45.6% | 3.1% | ||
| Q2 24 | 42.6% | 3.4% |
现金转化率CNPPII
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 3.58× | 19.46× | ||
| Q3 24 | 0.70× | 0.76× | ||
| Q2 24 | 2.53× | 2.13× |
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% |
PII
暂无分部数据
