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酷澎（CPNG）与ENBRIDGE INC（ENB）财务数据对比。点击上方公司名可切换其他公司
酷澎的季度营收约是ENBRIDGE INC的1.5倍（$8.8B vs $5.7B），ENBRIDGE INC净利率更高（26.2% vs -0.3%，领先26.5%），酷澎同比增速更快（10.9% vs 5.3%），ENBRIDGE INC自由现金流更多（$2.4B vs $-278.0M），过去两年酷澎的营收复合增速更高（11.4% vs 7.6%）
酷澎（Coupang, Inc.）是2010年由金范锡创立的科技与线上零售企业，注册地为美国特拉华州，总部设于华盛顿州西雅图。公司核心业务覆盖电商零售、食品配送及OTT流媒体服务，业务布局及办公网点遍及韩国、中国台湾、美国、印度、日本、新加坡等多个国家和地区。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
CPNG vs ENB — 直观对比
营收规模更大
CPNG
是对方的1.5倍
$5.7B
营收增速更快
CPNG
高出5.6%
5.3%
净利率更高
ENB
高出26.5%
-0.3%
自由现金流更多
ENB
多$2.7B
$-278.0M
两年增速更快
CPNG
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $5.7B |
| 净利润 | $-26.0M | $1.5B |
| 毛利率 | 28.8% | — |
| 营业利润率 | 0.1% | 34.7% |
| 净利率 | -0.3% | 26.2% |
| 营收同比 | 10.9% | 5.3% |
| 净利润同比 | -116.7% | 246.2% |
| 每股收益（稀释后） | $-0.02 | — |
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CPNGENB
| Q4 25 | $8.8B | $5.7B | ||
| Q3 25 | $9.3B | $4.5B | ||
| Q2 25 | $8.5B | $4.8B | ||
| Q1 25 | $7.9B | $6.4B | ||
| Q4 24 | $8.0B | $5.4B | ||
| Q3 24 | $7.9B | $4.2B | ||
| Q2 24 | $7.3B | $4.3B | ||
| Q1 24 | $7.1B | $4.9B |
净利润CPNGENB
| Q4 25 | $-26.0M | $1.5B | ||
| Q3 25 | $95.0M | $575.2M | ||
| Q2 25 | $32.0M | $1.7B | ||
| Q1 25 | $107.0M | $1.7B | ||
| Q4 24 | $156.0M | $434.4M | ||
| Q3 24 | $70.0M | $1.0B | ||
| Q2 24 | $-77.0M | $1.4B | ||
| Q1 24 | $5.0M | $1.1B |
毛利率CPNGENB
| Q4 25 | 28.8% | — | ||
| Q3 25 | 29.4% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 29.3% | — | ||
| Q4 24 | 31.3% | — | ||
| Q3 24 | 28.8% | — | ||
| Q2 24 | 29.3% | 7.5% | ||
| Q1 24 | 27.1% | 26.2% |
营业利润率CPNGENB
| Q4 25 | 0.1% | 34.7% | ||
| Q3 25 | 1.7% | 36.9% | ||
| Q2 25 | 1.7% | 35.1% | ||
| Q1 25 | 1.9% | 41.7% | ||
| Q4 24 | 3.9% | 32.8% | ||
| Q3 24 | 1.4% | 38.7% | ||
| Q2 24 | -0.3% | 38.3% | ||
| Q1 24 | 0.6% | 40.0% |
净利率CPNGENB
| Q4 25 | -0.3% | 26.2% | ||
| Q3 25 | 1.0% | 12.8% | ||
| Q2 25 | 0.4% | 34.9% | ||
| Q1 25 | 1.4% | 26.8% | ||
| Q4 24 | 2.0% | 8.0% | ||
| Q3 24 | 0.9% | 24.3% | ||
| Q2 24 | -1.1% | 32.8% | ||
| Q1 24 | 0.1% | 22.3% |
每股收益（稀释后）CPNGENB
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $0.00 | — |
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 | $6.3B | $798.6M |
| 总债务越低越好 | $648.0M | $72.2B |
| 股东权益账面价值 | $4.6B | $45.5B |
| 总资产 | $17.8B | $159.5B |
| 负债/权益比越低杠杆越低 | 0.14× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资CPNGENB
| Q4 25 | $6.3B | $798.6M | ||
| Q3 25 | $7.2B | $1.0B | ||
| Q2 25 | $6.8B | $878.2M | ||
| Q1 25 | $6.1B | $1.5B | ||
| Q4 24 | $5.9B | $1.3B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.5B | $2.6B | ||
| Q1 24 | $5.2B | $886.2M |
总债务CPNGENB
| Q4 25 | $648.0M | $72.2B | ||
| Q3 25 | — | $73.4B | ||
| Q2 25 | — | $70.8B | ||
| Q1 25 | — | $70.9B | ||
| Q4 24 | $988.0M | $68.2B | ||
| Q3 24 | — | $63.7B | ||
| Q2 24 | — | $62.2B | ||
| Q1 24 | — | $59.4B |
股东权益CPNGENB
| Q4 25 | $4.6B | $45.5B | ||
| Q3 25 | $4.7B | $47.6B | ||
| Q2 25 | $4.7B | $47.8B | ||
| Q1 25 | $4.4B | $49.8B | ||
| Q4 24 | $4.1B | $48.1B | ||
| Q3 24 | $4.2B | $48.0B | ||
| Q2 24 | $3.9B | $49.1B | ||
| Q1 24 | $4.1B | $46.9B |
总资产CPNGENB
| Q4 25 | $17.8B | $159.5B | ||
| Q3 25 | $18.7B | $158.4B | ||
| Q2 25 | $17.8B | $154.5B | ||
| Q1 25 | $16.0B | $160.6B | ||
| Q4 24 | $15.3B | $159.9B | ||
| Q3 24 | $16.3B | $150.2B | ||
| Q2 24 | $15.2B | $146.9B | ||
| Q1 24 | $14.9B | $139.2B |
负债/权益比CPNGENB
| Q4 25 | 0.14× | 1.59× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | 0.24× | 1.42× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.27× |
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 | $82.0M | $9.0B |
| 自由现金流经营现金流 - 资本支出 | $-278.0M | $2.4B |
| 自由现金流率自由现金流/营收 | -3.1% | 42.0% |
| 资本支出强度资本支出/营收 | 4.1% | 114.3% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | $522.0M | — |
8季度趋势，按日历期对齐
经营现金流CPNGENB
| Q4 25 | $82.0M | $9.0B | ||
| Q3 25 | $792.0M | — | ||
| Q2 25 | $545.0M | — | ||
| Q1 25 | $354.0M | $2.2B | ||
| Q4 24 | $676.0M | $9.2B | ||
| Q3 24 | $334.0M | — | ||
| Q2 24 | $664.0M | — | ||
| Q1 24 | $212.0M | $2.3B |
自由现金流CPNGENB
| Q4 25 | $-278.0M | $2.4B | ||
| Q3 25 | $439.0M | — | ||
| Q2 25 | $246.0M | — | ||
| Q1 25 | $115.0M | $970.9M | ||
| Q4 24 | $462.0M | $4.3B | ||
| Q3 24 | $-46.0M | — | ||
| Q2 24 | $486.0M | — | ||
| Q1 24 | $105.0M | $1.4B |
自由现金流率CPNGENB
| Q4 25 | -3.1% | 42.0% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 1.5% | 15.1% | ||
| Q4 24 | 5.8% | 79.0% | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 1.5% | 29.0% |
资本支出强度CPNGENB
| Q4 25 | 4.1% | 114.3% | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 3.0% | 19.6% | ||
| Q4 24 | 2.7% | 90.1% | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.5% | 17.5% |
现金转化率CPNGENB
| Q4 25 | — | 5.96× | ||
| Q3 25 | 8.34× | — | ||
| Q2 25 | 17.03× | — | ||
| Q1 25 | 3.31× | 1.29× | ||
| Q4 24 | 4.33× | 21.18× | ||
| Q3 24 | 4.77× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 42.40× | 2.08× |
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
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
ENB
暂无分部数据
