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加拿大国家铁路（CP）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
加拿大国家铁路的季度营收约是永利度假村的1.5倍（$2.8B vs $1.9B），加拿大国家铁路净利率更高（27.7% vs 5.4%，领先22.3%），永利度假村同比增速更快（1.5% vs 1.3%），加拿大国家铁路自由现金流更多（$537.3M vs $306.8M），过去两年加拿大国家铁路的营收复合增速更高（5.6% vs 0.1%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
CP vs WYNN — 直观对比
营收规模更大
CP
是对方的1.5倍
$1.9B
营收增速更快
WYNN
高出0.2%
1.3%
净利率更高
CP
高出22.3%
5.4%
自由现金流更多
CP
多$230.5M
$306.8M
两年增速更快
CP
近两年复合增速
0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.9B |
| 净利润 | $786.2M | $100.0M |
| 毛利率 | — | — |
| 营业利润率 | 41.4% | 14.7% |
| 净利率 | 27.7% | 5.4% |
| 营收同比 | 1.3% | 1.5% |
| 净利润同比 | -10.3% | -63.9% |
| 每股收益（稀释后） | — | $0.96 |
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CPWYNN
| Q4 25 | $2.8B | $1.9B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.8B | $1.7B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.6B | $1.7B | ||
| Q1 24 | $2.5B | $1.9B |
净利润CPWYNN
| Q4 25 | $786.2M | $100.0M | ||
| Q3 25 | $671.6M | $88.3M | ||
| Q2 25 | $900.8M | $66.2M | ||
| Q1 25 | $664.3M | $72.7M | ||
| Q4 24 | $876.7M | $277.0M | ||
| Q3 24 | $611.0M | $-32.1M | ||
| Q2 24 | $660.6M | $111.9M | ||
| Q1 24 | $565.8M | $144.2M |
营业利润率CPWYNN
| Q4 25 | 41.4% | 14.7% | ||
| Q3 25 | 36.8% | 16.9% | ||
| Q2 25 | 36.6% | 15.2% | ||
| Q1 25 | 35.0% | 15.8% | ||
| Q4 24 | 40.6% | 20.0% | ||
| Q3 24 | 34.3% | 7.9% | ||
| Q2 24 | 35.4% | 15.6% | ||
| Q1 24 | 32.9% | 19.5% |
净利率CPWYNN
| Q4 25 | 27.7% | 5.4% | ||
| Q3 25 | 25.3% | 4.8% | ||
| Q2 25 | 33.6% | 3.8% | ||
| Q1 25 | 24.2% | 4.3% | ||
| Q4 24 | 31.2% | 15.1% | ||
| Q3 24 | 23.9% | -1.9% | ||
| Q2 24 | 25.3% | 6.5% | ||
| Q1 24 | 22.2% | 7.7% |
每股收益（稀释后）CPWYNN
| Q4 25 | — | $0.96 | ||
| Q3 25 | — | $0.85 | ||
| Q2 25 | — | $0.64 | ||
| Q1 25 | — | $0.69 | ||
| Q4 24 | — | $2.43 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | $0.91 | ||
| Q1 24 | — | $1.30 |
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 | $134.3M | $1.5B |
| 总债务越低越好 | $14.6B | $10.5B |
| 股东权益账面价值 | $33.5B | $-275.5M |
| 总资产 | $62.7B | $13.1B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资CPWYNN
| Q4 25 | $134.3M | $1.5B | ||
| Q3 25 | $300.0M | $1.5B | ||
| Q2 25 | $583.3M | $2.0B | ||
| Q1 25 | $507.4M | $2.1B | ||
| Q4 24 | $539.5M | $2.4B | ||
| Q3 24 | $338.0M | $2.4B | ||
| Q2 24 | $406.6M | $2.4B | ||
| Q1 24 | $378.9M | $2.4B |
总债务CPWYNN
| Q4 25 | $14.6B | $10.5B | ||
| Q3 25 | $15.8B | $10.6B | ||
| Q2 25 | $15.5B | $10.5B | ||
| Q1 25 | $15.4B | $10.6B | ||
| Q4 24 | $14.5B | $10.5B | ||
| Q3 24 | $13.7B | $11.8B | ||
| Q2 24 | $13.8B | $11.0B | ||
| Q1 24 | $13.7B | $11.2B |
股东权益CPWYNN
| Q4 25 | $33.5B | $-275.5M | ||
| Q3 25 | $33.4B | $-370.0M | ||
| Q2 25 | $33.7B | $-441.5M | ||
| Q1 25 | $35.2B | $-360.7M | ||
| Q4 24 | $35.0B | $-224.2M | ||
| Q3 24 | $32.2B | $-281.4M | ||
| Q2 24 | $32.0B | $-109.8M | ||
| Q1 24 | $31.3B | $-137.0M |
总资产CPWYNN
| Q4 25 | $62.7B | $13.1B | ||
| Q3 25 | $63.3B | $12.8B | ||
| Q2 25 | $62.2B | $12.7B | ||
| Q1 25 | $64.3B | $12.7B | ||
| Q4 24 | $64.1B | $13.0B | ||
| Q3 24 | $60.0B | $14.1B | ||
| Q2 24 | $60.4B | $13.3B | ||
| Q1 24 | $59.6B | $13.5B |
负债/权益比CPWYNN
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.44× | — |
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 | $1.1B | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $306.8M |
| 自由现金流率自由现金流/营收 | 18.9% | 16.4% |
| 资本支出强度资本支出/营收 | 20.2% | 9.2% |
| 现金转化率经营现金流/净利润 | 1.42× | 4.78× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $692.2M |
8季度趋势，按日历期对齐
经营现金流CPWYNN
| Q4 25 | $1.1B | $478.0M | ||
| Q3 25 | $930.0M | $335.8M | ||
| Q2 25 | $989.1M | $405.1M | ||
| Q1 25 | $843.9M | $133.8M | ||
| Q4 24 | $1.2B | $479.0M | ||
| Q3 24 | $928.6M | $279.3M | ||
| Q2 24 | $932.9M | $352.8M | ||
| Q1 24 | $741.0M | $315.1M |
自由现金流CPWYNN
| Q4 25 | $537.3M | $306.8M | ||
| Q3 25 | $302.2M | $171.8M | ||
| Q2 25 | $446.8M | $239.8M | ||
| Q1 25 | $324.9M | $-26.2M | ||
| Q4 24 | $702.3M | $351.8M | ||
| Q3 24 | $382.5M | $178.0M | ||
| Q2 24 | $343.1M | $259.1M | ||
| Q1 24 | $356.2M | $217.4M |
自由现金流率CPWYNN
| Q4 25 | 18.9% | 16.4% | ||
| Q3 25 | 11.4% | 9.4% | ||
| Q2 25 | 16.7% | 13.8% | ||
| Q1 25 | 11.8% | -1.5% | ||
| Q4 24 | 25.0% | 19.1% | ||
| Q3 24 | 15.0% | 10.5% | ||
| Q2 24 | 13.1% | 15.0% | ||
| Q1 24 | 14.0% | 11.7% |
资本支出强度CPWYNN
| Q4 25 | 20.2% | 9.2% | ||
| Q3 25 | 23.7% | 8.9% | ||
| Q2 25 | 20.2% | 9.5% | ||
| Q1 25 | 18.9% | 9.4% | ||
| Q4 24 | 19.3% | 6.9% | ||
| Q3 24 | 21.4% | 6.0% | ||
| Q2 24 | 22.6% | 5.4% | ||
| Q1 24 | 15.1% | 5.2% |
现金转化率CPWYNN
| Q4 25 | 1.42× | 4.78× | ||
| Q3 25 | 1.38× | 3.80× | ||
| Q2 25 | 1.10× | 6.12× | ||
| Q1 25 | 1.27× | 1.84× | ||
| Q4 24 | 1.42× | 1.73× | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.41× | 3.15× | ||
| Q1 24 | 1.31× | 2.18× |
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
CP
暂无分部数据
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
