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CSX Corporation（CSX）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是PPL Corporation的1.5倍（$3.5B vs $2.3B），CSX Corporation净利率更高（23.2% vs 11.3%，领先11.8%），PPL Corporation同比增速更快（7.2% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
CSX vs PPL — 直观对比
营收规模更大
CSX
是对方的1.5倍
$2.3B
营收增速更快
PPL
高出5.5%
1.7%
净利率更高
CSX
高出11.8%
11.3%
自由现金流更多
CSX
多$1.4B
$-614.0M
两年增速更快
PPL
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.3B |
| 净利润 | $807.0M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 36.0% | 20.3% |
| 净利率 | 23.2% | 11.3% |
| 营收同比 | 1.7% | 7.2% |
| 净利润同比 | 24.9% | 50.3% |
| 每股收益（稀释后） | — | $0.35 |
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CSXPPL
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $2.3B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.4B | $2.5B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.7B | $1.9B |
净利润CSXPPL
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $266.0M | ||
| Q3 25 | $694.0M | $318.0M | ||
| Q2 25 | $829.0M | $183.0M | ||
| Q1 25 | $646.0M | $414.0M | ||
| Q4 24 | $720.0M | $177.0M | ||
| Q3 24 | $894.0M | $214.0M | ||
| Q2 24 | $963.0M | $190.0M |
营业利润率CSXPPL
| Q1 26 | 36.0% | — | ||
| Q4 25 | 31.6% | 20.3% | ||
| Q3 25 | 30.3% | 25.4% | ||
| Q2 25 | 35.9% | 19.9% | ||
| Q1 25 | 30.4% | 26.6% | ||
| Q4 24 | 30.8% | 17.2% | ||
| Q3 24 | 37.4% | 20.6% | ||
| Q2 24 | 39.1% | 20.8% |
净利率CSXPPL
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 11.3% | ||
| Q3 25 | 19.3% | 14.2% | ||
| Q2 25 | 23.2% | 9.0% | ||
| Q1 25 | 18.9% | 16.3% | ||
| Q4 24 | 20.3% | 8.1% | ||
| Q3 24 | 24.7% | 10.3% | ||
| Q2 24 | 26.0% | 10.1% |
每股收益（稀释后）CSXPPL
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $0.35 | ||
| Q3 25 | $0.37 | $0.43 | ||
| Q2 25 | $0.44 | $0.25 | ||
| Q1 25 | $0.34 | $0.56 | ||
| Q4 24 | $0.38 | $0.23 | ||
| Q3 24 | $0.46 | $0.29 | ||
| Q2 24 | $0.49 | $0.26 |
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 | $1.1B | $1.1B |
| 总债务越低越好 | $18.9B | $18.9B |
| 股东权益账面价值 | $13.6B | $14.9B |
| 总资产 | $44.2B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.39× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CSXPPL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | $1.1B | ||
| Q3 25 | $6.0M | $1.1B | ||
| Q2 25 | $6.0M | $294.0M | ||
| Q1 25 | $8.0M | $312.0M | ||
| Q4 24 | $72.0M | $306.0M | ||
| Q3 24 | $12.0M | $542.0M | ||
| Q2 24 | $4.0M | $282.0M |
总债务CSXPPL
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $18.9B | ||
| Q3 25 | $18.6B | — | ||
| Q2 25 | $18.6B | — | ||
| Q1 25 | $18.5B | — | ||
| Q4 24 | $17.9B | $16.5B | ||
| Q3 24 | $18.5B | — | ||
| Q2 24 | $18.0B | — |
股东权益CSXPPL
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $14.9B | ||
| Q3 25 | $12.8B | $14.4B | ||
| Q2 25 | $12.4B | $14.3B | ||
| Q1 25 | $12.2B | $14.3B | ||
| Q4 24 | $12.5B | $14.1B | ||
| Q3 24 | $12.9B | $14.1B | ||
| Q2 24 | $12.6B | $14.1B |
总资产CSXPPL
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $45.2B | ||
| Q3 25 | $43.3B | $43.9B | ||
| Q2 25 | $42.9B | $42.4B | ||
| Q1 25 | $43.2B | $41.8B | ||
| Q4 24 | $42.8B | $41.1B | ||
| Q3 24 | $43.1B | $40.5B | ||
| Q2 24 | $42.4B | $39.8B |
负债/权益比CSXPPL
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | 1.27× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | 1.43× | 1.17× | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.42× | — |
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 | $1.3B | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 22.8% | -26.1% |
| 资本支出强度资本支出/营收 | — | 49.5% |
| 现金转化率经营现金流/净利润 | 1.58× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流CSXPPL
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $548.0M | ||
| Q3 25 | $1.3B | $966.0M | ||
| Q2 25 | $635.0M | $602.0M | ||
| Q1 25 | $1.3B | $513.0M | ||
| Q4 24 | $1.4B | $511.0M | ||
| Q3 24 | $1.7B | $781.0M | ||
| Q2 24 | $1.1B | $766.0M |
自由现金流CSXPPL
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $-614.0M | ||
| Q3 25 | $607.0M | $-179.0M | ||
| Q2 25 | $-141.0M | $-328.0M | ||
| Q1 25 | $536.0M | $-280.0M | ||
| Q4 24 | $550.0M | $-349.0M | ||
| Q3 24 | $1.1B | $102.0M | ||
| Q2 24 | $547.0M | $96.0M |
自由现金流率CSXPPL
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | -26.1% | ||
| Q3 25 | 16.9% | -8.0% | ||
| Q2 25 | -3.9% | -16.1% | ||
| Q1 25 | 15.7% | -11.0% | ||
| Q4 24 | 15.5% | -15.9% | ||
| Q3 24 | 29.3% | 4.9% | ||
| Q2 24 | 14.8% | 5.1% |
资本支出强度CSXPPL
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 49.5% | ||
| Q3 25 | 20.4% | 51.2% | ||
| Q2 25 | 21.7% | 45.6% | ||
| Q1 25 | 21.0% | 31.2% | ||
| Q4 24 | 23.7% | 39.3% | ||
| Q3 24 | 17.3% | 32.7% | ||
| Q2 24 | 14.6% | 35.8% |
现金转化率CSXPPL
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 2.06× | ||
| Q3 25 | 1.93× | 3.04× | ||
| Q2 25 | 0.77× | 3.29× | ||
| Q1 25 | 1.94× | 1.24× | ||
| Q4 24 | 1.93× | 2.89× | ||
| Q3 24 | 1.89× | 3.65× | ||
| Q2 24 | 1.13× | 4.03× |
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
CSX
暂无分部数据
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
