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阿特斯（CSIQ）与Eversource Energy（ES）财务数据对比。点击上方公司名可切换其他公司
阿特斯的季度营收约是Eversource Energy的1.3倍（$4.5B vs $3.4B），Eversource Energy净利率更高（12.6% vs 1.3%，领先11.3%）
阿特斯是全球领先的可再生能源企业，总部位于加拿大安大略省基奇纳。核心业务涵盖光伏组件制造、电池储能解决方案供应，以及大型公用事业级太阳能电站与储能项目的开发，业务布局覆盖全球主要能源市场。
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
CSIQ vs ES — 直观对比
营收规模更大
CSIQ
是对方的1.3倍
$3.4B
净利率更高
ES
高出11.3%
1.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.4B |
| 净利润 | $57.6M | $423.2M |
| 毛利率 | 17.5% | — |
| 营业利润率 | 2.2% | 21.1% |
| 净利率 | 1.3% | 12.6% |
| 营收同比 | — | 13.4% |
| 净利润同比 | — | 468.8% |
| 每股收益（稀释后） | — | $1.11 |
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CSIQES
| Q4 25 | — | $3.4B | ||
| Q3 25 | $4.5B | $3.2B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $5.9B | $3.1B | ||
| Q2 24 | $4.1B | $2.5B | ||
| Q1 24 | — | $3.3B |
净利润CSIQES
| Q4 25 | — | $423.2M | ||
| Q3 25 | $57.6M | $369.4M | ||
| Q2 25 | $63.6M | $354.6M | ||
| Q1 25 | $36.2M | $552.7M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | $366.8M | $-116.2M | ||
| Q2 24 | $304.4M | $337.2M | ||
| Q1 24 | — | $523.7M |
毛利率CSIQES
| Q4 25 | — | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | — | — |
营业利润率CSIQES
| Q4 25 | — | 21.1% | ||
| Q3 25 | 2.2% | 21.4% | ||
| Q2 25 | 3.3% | 23.4% | ||
| Q1 25 | 3.7% | 22.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 7.7% | 20.0% | ||
| Q2 24 | 9.1% | 23.8% | ||
| Q1 24 | — | 25.4% |
净利率CSIQES
| Q4 25 | — | 12.6% | ||
| Q3 25 | 1.3% | 11.5% | ||
| Q2 25 | 2.1% | 12.5% | ||
| Q1 25 | 2.7% | 13.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 6.2% | -3.8% | ||
| Q2 24 | 7.5% | 13.3% | ||
| Q1 24 | — | 15.7% |
每股收益（稀释后）CSIQES
| Q4 25 | — | $1.11 | ||
| Q3 25 | — | $0.99 | ||
| Q2 25 | — | $0.96 | ||
| Q1 25 | — | $1.50 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | — | $-0.33 | ||
| Q2 24 | — | $0.95 | ||
| Q1 24 | — | $1.49 |
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 | $1.7B | $135.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $16.2B |
| 总资产 | $13.5B | $63.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CSIQES
| Q4 25 | — | $135.4M | ||
| Q3 25 | $1.7B | $259.3M | ||
| Q2 25 | $1.7B | $343.7M | ||
| Q1 25 | $1.7B | $111.4M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | $1.9B | $97.9M | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | — | — |
股东权益CSIQES
| Q4 25 | — | $16.2B | ||
| Q3 25 | $3.9B | $16.0B | ||
| Q2 25 | $3.9B | $15.7B | ||
| Q1 25 | $3.9B | $15.3B | ||
| Q4 24 | — | $15.0B | ||
| Q3 24 | $3.7B | $15.0B | ||
| Q2 24 | $3.7B | $14.8B | ||
| Q1 24 | — | $14.5B |
总资产CSIQES
| Q4 25 | — | $63.8B | ||
| Q3 25 | $13.5B | $61.7B | ||
| Q2 25 | $13.5B | $61.0B | ||
| Q1 25 | $13.5B | $60.2B | ||
| Q4 24 | — | $59.6B | ||
| Q3 24 | $11.9B | $58.6B | ||
| Q2 24 | $11.9B | $58.4B | ||
| Q1 24 | — | $57.3B |
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 | $-187.7M | $916.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.3M |
| 自由现金流率自由现金流/营收 | — | -2.0% |
| 资本支出强度资本支出/营收 | — | 29.2% |
| 现金转化率经营现金流/净利润 | -3.26× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $-45.1M |
8季度趋势，按日历期对齐
经营现金流CSIQES
| Q4 25 | — | $916.1M | ||
| Q3 25 | $-187.7M | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $642.1M | ||
| Q3 24 | — | $555.6M | ||
| Q2 24 | — | $670.7M | ||
| Q1 24 | — | $291.3M |
自由现金流CSIQES
| Q4 25 | — | $-67.3M | ||
| Q3 25 | — | $-26.3M | ||
| Q2 25 | — | $15.3M | ||
| Q1 25 | — | $33.2M | ||
| Q4 24 | — | $-546.5M | ||
| Q3 24 | — | $-515.4M | ||
| Q2 24 | — | $-400.8M | ||
| Q1 24 | — | $-858.1M |
自由现金流率CSIQES
| Q4 25 | — | -2.0% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | -18.4% | ||
| Q3 24 | — | -16.8% | ||
| Q2 24 | — | -15.8% | ||
| Q1 24 | — | -25.7% |
资本支出强度CSIQES
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 36.7% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 40.0% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 42.3% | ||
| Q1 24 | — | 34.5% |
现金转化率CSIQES
| Q4 25 | — | 2.16× | ||
| Q3 25 | -3.26× | 2.98× | ||
| Q2 25 | — | 2.98× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 8.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | — | 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
CSIQ
暂无分部数据
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
