vs
CenterPoint Energy（CNP）与Wayfair Inc.（W）财务数据对比。点击上方公司名可切换其他公司
Wayfair Inc.的季度营收约是CenterPoint Energy的1.4倍（$3.3B vs $2.4B），CenterPoint Energy净利率更高（10.8% vs -3.5%，领先14.3%），CenterPoint Energy同比增速更快（10.7% vs 6.9%），Wayfair Inc.自由现金流更多（$177.0M vs $-707.0M），过去两年Wayfair Inc.的营收复合增速更高（10.6% 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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
CNP vs W — 直观对比
营收规模更大
W
是对方的1.4倍
$2.4B
营收增速更快
CNP
高出3.7%
6.9%
净利率更高
CNP
高出14.3%
-3.5%
自由现金流更多
W
多$884.0M
$-707.0M
两年增速更快
W
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.3B |
| 净利润 | $264.0M | $-116.0M |
| 毛利率 | — | 30.3% |
| 营业利润率 | 22.2% | 2.5% |
| 净利率 | 10.8% | -3.5% |
| 营收同比 | 10.7% | 6.9% |
| 净利润同比 | 6.5% | 9.4% |
| 每股收益（稀释后） | $0.40 | $-0.90 |
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CNPW
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $2.0B | $3.1B | ||
| Q2 25 | $2.0B | $3.3B | ||
| Q1 25 | $3.0B | $2.7B | ||
| Q4 24 | $2.2B | $3.1B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.9B | $3.1B | ||
| Q1 24 | $2.6B | $2.7B |
净利润CNPW
| Q4 25 | $264.0M | $-116.0M | ||
| Q3 25 | $293.0M | $-99.0M | ||
| Q2 25 | $198.0M | $15.0M | ||
| Q1 25 | $297.0M | $-113.0M | ||
| Q4 24 | $248.0M | $-128.0M | ||
| Q3 24 | $193.0M | $-74.0M | ||
| Q2 24 | $228.0M | $-42.0M | ||
| Q1 24 | $350.0M | $-248.0M |
毛利率CNPW
| Q4 25 | — | 30.3% | ||
| Q3 25 | 99.9% | 30.0% | ||
| Q2 25 | 99.9% | 30.1% | ||
| Q1 25 | 100.0% | 30.7% | ||
| Q4 24 | 100.0% | 30.2% | ||
| Q3 24 | 99.9% | 30.3% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | 100.0% | 30.0% |
营业利润率CNPW
| Q4 25 | 22.2% | 2.5% | ||
| Q3 25 | 25.2% | 1.2% | ||
| Q2 25 | 21.4% | 0.5% | ||
| Q1 25 | 22.0% | -4.5% | ||
| Q4 24 | 21.9% | -3.7% | ||
| Q3 24 | 22.9% | -2.6% | ||
| Q2 24 | 24.5% | -1.1% | ||
| Q1 24 | 23.7% | -8.6% |
净利率CNPW
| Q4 25 | 10.8% | -3.5% | ||
| Q3 25 | 14.7% | -3.2% | ||
| Q2 25 | 10.1% | 0.5% | ||
| Q1 25 | 10.0% | -4.1% | ||
| Q4 24 | 11.3% | -4.1% | ||
| Q3 24 | 10.4% | -2.6% | ||
| Q2 24 | 12.0% | -1.3% | ||
| Q1 24 | 13.5% | -9.1% |
每股收益（稀释后）CNPW
| Q4 25 | $0.40 | $-0.90 | ||
| Q3 25 | $0.45 | $-0.76 | ||
| Q2 25 | $0.30 | $0.11 | ||
| Q1 25 | $0.45 | $-0.89 | ||
| Q4 24 | $0.37 | $-1.01 | ||
| Q3 24 | $0.30 | $-0.60 | ||
| Q2 24 | $0.36 | $-0.34 | ||
| Q1 24 | $0.55 | $-2.06 |
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 | $1.5B |
| 总债务越低越好 | $20.6B | $3.3B |
| 股东权益账面价值 | $11.2B | $-2.8B |
| 总资产 | $46.5B | $3.4B |
| 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CNPW
| Q4 25 | $548.0M | $1.5B | ||
| Q3 25 | $616.0M | $1.2B | ||
| Q2 25 | $776.0M | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $585.0M | $1.4B | ||
| Q3 24 | $643.0M | $1.3B | ||
| Q2 24 | $543.0M | $1.3B | ||
| Q1 24 | $619.0M | $1.2B |
总债务CNPW
| Q4 25 | $20.6B | $3.3B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $20.4B | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益CNPW
| Q4 25 | $11.2B | $-2.8B | ||
| Q3 25 | $11.0B | $-2.8B | ||
| Q2 25 | $11.0B | $-2.7B | ||
| Q1 25 | $11.0B | $-2.8B | ||
| Q4 24 | $10.7B | $-2.8B | ||
| Q3 24 | $10.5B | $-2.7B | ||
| Q2 24 | $10.4B | $-2.8B | ||
| Q1 24 | $10.0B | $-2.8B |
总资产CNPW
| Q4 25 | $46.5B | $3.4B | ||
| Q3 25 | $45.0B | $3.1B | ||
| Q2 25 | $44.1B | $3.3B | ||
| Q1 25 | $44.5B | $3.4B | ||
| Q4 24 | $43.8B | $3.5B | ||
| Q3 24 | $42.9B | $3.4B | ||
| Q2 24 | $41.0B | $3.4B | ||
| Q1 24 | $40.2B | $3.2B |
负债/权益比CNPW
| Q4 25 | 1.84× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $774.0M | $202.0M |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $177.0M |
| 自由现金流率自由现金流/营收 | -29.0% | 5.3% |
| 资本支出强度资本支出/营收 | 60.7% | 0.7% |
| 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 | $464.0M |
8季度趋势，按日历期对齐
经营现金流CNPW
| Q4 25 | $774.0M | $202.0M | ||
| Q3 25 | $742.0M | $155.0M | ||
| Q2 25 | $560.0M | $273.0M | ||
| Q1 25 | $410.0M | $-96.0M | ||
| Q4 24 | $889.0M | $162.0M | ||
| Q3 24 | $136.0M | $49.0M | ||
| Q2 24 | $576.0M | $245.0M | ||
| Q1 24 | $538.0M | $-139.0M |
自由现金流CNPW
| Q4 25 | $-707.0M | $177.0M | ||
| Q3 25 | $-480.0M | $128.0M | ||
| Q2 25 | $-569.0M | $260.0M | ||
| Q1 25 | $-628.0M | $-101.0M | ||
| Q4 24 | $-1.1B | $142.0M | ||
| Q3 24 | $-708.0M | $32.0M | ||
| Q2 24 | $-236.0M | $222.0M | ||
| Q1 24 | $-307.0M | $-152.0M |
自由现金流率CNPW
| Q4 25 | -29.0% | 5.3% | ||
| Q3 25 | -24.1% | 4.1% | ||
| Q2 25 | -29.1% | 7.9% | ||
| Q1 25 | -21.2% | -3.7% | ||
| Q4 24 | -51.0% | 4.5% | ||
| Q3 24 | -38.3% | 1.1% | ||
| Q2 24 | -12.4% | 7.1% | ||
| Q1 24 | -11.8% | -5.6% |
资本支出强度CNPW
| Q4 25 | 60.7% | 0.7% | ||
| Q3 25 | 61.4% | 0.9% | ||
| Q2 25 | 57.8% | 0.4% | ||
| Q1 25 | 35.1% | 0.2% | ||
| Q4 24 | 91.3% | 0.6% | ||
| Q3 24 | 45.6% | 0.6% | ||
| Q2 24 | 42.6% | 0.7% | ||
| Q1 24 | 32.6% | 0.5% |
现金转化率CNPW
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | 2.83× | 18.20× | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 2.53× | — | ||
| 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% |
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
