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康菲石油（COP）与万事达卡（MA）财务数据对比。点击上方公司名可切换其他公司
康菲石油的季度营收约是万事达卡的1.3倍（$11.4B vs $8.8B），万事达卡净利率更高（46.1% vs 12.7%，领先33.4%），万事达卡同比增速更快（17.6% vs -10.7%），过去两年万事达卡的营收复合增速更高（17.8% vs -3.8%）
康菲石油是总部位于美国得克萨斯州休斯敦能源走廊区的跨国能源企业，核心业务涵盖油气等碳氢化合物的勘探与开采，业务布局覆盖全球多个国家和地区，是全球领先的独立勘探开发类能源企业之一。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
COP vs MA — 直观对比
营收规模更大
COP
是对方的1.3倍
$8.8B
营收增速更快
MA
高出28.3%
-10.7%
净利率更高
MA
高出33.4%
12.7%
两年增速更快
MA
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $11.4B | $8.8B |
| 净利润 | $1.4B | $4.1B |
| 毛利率 | 54.4% | — |
| 营业利润率 | 19.7% | 55.8% |
| 净利率 | 12.7% | 46.1% |
| 营收同比 | -10.7% | 17.6% |
| 净利润同比 | -37.5% | 21.5% |
| 每股收益（稀释后） | $1.18 | $4.52 |
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COPMA
| Q4 25 | $11.4B | $8.8B | ||
| Q3 25 | $13.3B | $8.6B | ||
| Q2 25 | $12.6B | $8.1B | ||
| Q1 25 | $14.5B | $7.3B | ||
| Q4 24 | $12.7B | $7.5B | ||
| Q3 24 | $11.7B | $7.4B | ||
| Q2 24 | $12.7B | $7.0B | ||
| Q1 24 | $12.3B | $6.3B |
净利润COPMA
| Q4 25 | $1.4B | $4.1B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | $2.0B | $3.7B | ||
| Q1 25 | $2.8B | $3.3B | ||
| Q4 24 | $2.3B | $3.3B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $2.3B | $3.3B | ||
| Q1 24 | $2.6B | $3.0B |
毛利率COPMA
| Q4 25 | 54.4% | — | ||
| Q3 25 | 56.1% | — | ||
| Q2 25 | 59.7% | — | ||
| Q1 25 | 57.3% | — | ||
| Q4 24 | 60.2% | — | ||
| Q3 24 | 59.4% | — | ||
| Q2 24 | 61.6% | — | ||
| Q1 24 | 56.7% | — |
营业利润率COPMA
| Q4 25 | 19.7% | 55.8% | ||
| Q3 25 | 22.0% | 58.8% | ||
| Q2 25 | 23.9% | 58.7% | ||
| Q1 25 | 30.8% | 57.2% | ||
| Q4 24 | 23.3% | 52.6% | ||
| Q3 24 | 27.6% | 54.3% | ||
| Q2 24 | 28.9% | 58.0% | ||
| Q1 24 | 30.9% | 56.8% |
净利率COPMA
| Q4 25 | 12.7% | 46.1% | ||
| Q3 25 | 12.9% | 45.7% | ||
| Q2 25 | 15.6% | 45.5% | ||
| Q1 25 | 19.7% | 45.2% | ||
| Q4 24 | 18.1% | 44.6% | ||
| Q3 24 | 17.6% | 44.3% | ||
| Q2 24 | 18.4% | 46.8% | ||
| Q1 24 | 20.7% | 47.4% |
每股收益（稀释后）COPMA
| Q4 25 | $1.18 | $4.52 | ||
| Q3 25 | $1.38 | $4.34 | ||
| Q2 25 | $1.56 | $4.07 | ||
| Q1 25 | $2.23 | $3.59 | ||
| Q4 24 | $1.92 | $3.64 | ||
| Q3 24 | $1.76 | $3.53 | ||
| Q2 24 | $1.98 | $3.50 | ||
| Q1 24 | $2.15 | $3.22 |
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 | $7.0B | $10.6B |
| 总债务越低越好 | $22.4B | — |
| 股东权益账面价值 | $64.5B | $7.7B |
| 总资产 | $121.9B | $54.2B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资COPMA
| Q4 25 | $7.0B | $10.6B | ||
| Q3 25 | $6.3B | $10.3B | ||
| Q2 25 | $5.3B | $9.0B | ||
| Q1 25 | $7.2B | $7.6B | ||
| Q4 24 | $6.1B | $8.4B | ||
| Q3 24 | $6.8B | $11.1B | ||
| Q2 24 | $6.0B | $7.0B | ||
| Q1 24 | $6.1B | $7.3B |
总债务COPMA
| Q4 25 | $22.4B | — | ||
| Q3 25 | $22.5B | — | ||
| Q2 25 | $23.1B | — | ||
| Q1 25 | $23.2B | — | ||
| Q4 24 | $23.3B | — | ||
| Q3 24 | $17.0B | — | ||
| Q2 24 | $17.0B | — | ||
| Q1 24 | $17.3B | — |
股东权益COPMA
| Q4 25 | $64.5B | $7.7B | ||
| Q3 25 | $64.9B | $7.9B | ||
| Q2 25 | $65.6B | $7.9B | ||
| Q1 25 | $65.2B | $6.7B | ||
| Q4 24 | $64.8B | $6.5B | ||
| Q3 24 | $49.9B | $7.4B | ||
| Q2 24 | $49.7B | $7.4B | ||
| Q1 24 | $49.3B | $7.2B |
总资产COPMA
| Q4 25 | $121.9B | $54.2B | ||
| Q3 25 | $122.5B | $53.3B | ||
| Q2 25 | $122.6B | $51.4B | ||
| Q1 25 | $124.3B | $48.5B | ||
| Q4 24 | $122.8B | $48.1B | ||
| Q3 24 | $96.7B | $47.2B | ||
| Q2 24 | $96.0B | $42.3B | ||
| Q1 24 | $95.3B | $42.6B |
负债/权益比COPMA
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | $4.3B | $5.0B |
| 自由现金流经营现金流 - 资本支出 | — | $4.9B |
| 自由现金流率自由现金流/营收 | — | 55.5% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | 2.99× | 1.23× |
| 过去12个月自由现金流最近4个季度 | — | $17.2B |
8季度趋势，按日历期对齐
经营现金流COPMA
| Q4 25 | $4.3B | $5.0B | ||
| Q3 25 | $5.9B | $5.7B | ||
| Q2 25 | $3.5B | $4.6B | ||
| Q1 25 | $6.1B | $2.4B | ||
| Q4 24 | $4.5B | $4.8B | ||
| Q3 24 | $5.8B | $5.1B | ||
| Q2 24 | $4.9B | $3.1B | ||
| Q1 24 | $5.0B | $1.7B |
自由现金流COPMA
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $1.5B |
自由现金流率COPMA
| Q4 25 | — | 55.5% | ||
| Q3 25 | — | 63.8% | ||
| Q2 25 | — | 56.1% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 63.3% | ||
| Q3 24 | — | 68.2% | ||
| Q2 24 | — | 43.4% | ||
| Q1 24 | — | 23.9% |
资本支出强度COPMA
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
现金转化率COPMA
| Q4 25 | 2.99× | 1.23× | ||
| Q3 25 | 3.41× | 1.44× | ||
| Q2 25 | 1.77× | 1.24× | ||
| Q1 25 | 2.15× | 0.73× | ||
| Q4 24 | 1.93× | 1.45× | ||
| Q3 24 | 2.80× | 1.57× | ||
| Q2 24 | 2.11× | 0.96× | ||
| Q1 24 | 1.95× | 0.56× |
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
COP
| Natural Gas Reserves | $2.1B | 18% |
| Physical Gas Contracts | $2.0B | 18% |
| Europe Middle East And North Africa Segment | $1.6B | 14% |
| Natural Gas Product Line | $1.5B | 13% |
| Canada Operating Segment | $1.3B | 12% |
| Alaska Segment | $1.3B | 11% |
| Natural Gas Liquids Reserves | $826.0M | 7% |
| Asia Pacific Operating Segment | $360.0M | 3% |
| Crude Oil Product Line | $236.0M | 2% |
| Related Party | $12.0M | 0% |
| Corporate Segment | $7.0M | 0% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
