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CSX Corporation（CSX）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是CSX Corporation的1.4倍（$4.8B vs $3.5B），CSX Corporation净利率更高（23.2% vs 4.8%，领先18.3%），Vistra Corp.同比增速更快（31.2% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $596.0M），过去两年Vistra Corp.的营收复合增速更高（23.3% 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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
CSX vs VST — 直观对比
营收规模更大
VST
是对方的1.4倍
$3.5B
营收增速更快
VST
高出29.5%
1.7%
净利率更高
CSX
高出18.3%
4.8%
自由现金流更多
CSX
多$197.0M
$596.0M
两年增速更快
VST
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.8B |
| 净利润 | $807.0M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 9.9% |
| 净利率 | 23.2% | 4.8% |
| 营收同比 | 1.7% | 31.2% |
| 净利润同比 | 401.2% | -47.2% |
| 每股收益（稀释后） | — | $0.55 |
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CSXVST
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $4.8B | ||
| Q3 25 | $3.6B | $4.8B | ||
| Q2 25 | $3.6B | $3.8B | ||
| Q1 25 | $3.4B | $4.3B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | $3.6B | $4.3B | ||
| Q2 24 | $3.7B | $3.6B |
净利润CSXVST
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $233.0M | ||
| Q3 25 | $694.0M | $652.0M | ||
| Q2 25 | $829.0M | $327.0M | ||
| Q1 25 | $646.0M | $-268.0M | ||
| Q4 24 | $720.0M | $441.0M | ||
| Q3 24 | $894.0M | $1.9B | ||
| Q2 24 | $963.0M | $365.0M |
营业利润率CSXVST
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 9.9% | ||
| Q3 25 | 30.3% | 21.7% | ||
| Q2 25 | 35.9% | 13.7% | ||
| Q1 25 | 30.4% | -2.8% | ||
| Q4 24 | 30.8% | 16.4% | ||
| Q3 24 | 37.4% | 59.6% | ||
| Q2 24 | 39.1% | 22.5% |
净利率CSXVST
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 4.8% | ||
| Q3 25 | 19.3% | 13.6% | ||
| Q2 25 | 23.2% | 8.7% | ||
| Q1 25 | 18.9% | -6.3% | ||
| Q4 24 | 20.3% | 12.0% | ||
| Q3 24 | 24.7% | 43.5% | ||
| Q2 24 | 26.0% | 10.1% |
每股收益（稀释后）CSXVST
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $0.55 | ||
| Q3 25 | $0.37 | $1.75 | ||
| Q2 25 | $0.44 | $0.81 | ||
| Q1 25 | $0.34 | $-0.93 | ||
| Q4 24 | $0.38 | $1.09 | ||
| Q3 24 | $0.46 | $5.25 | ||
| Q2 24 | $0.49 | $0.90 |
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 | $785.0M |
| 总债务越低越好 | $18.9B | $15.8B |
| 股东权益账面价值 | $13.6B | $5.1B |
| 总资产 | $44.2B | $41.5B |
| 负债/权益比越低杠杆越低 | 1.39× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资CSXVST
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | $785.0M | ||
| Q3 25 | $6.0M | $602.0M | ||
| Q2 25 | $6.0M | $458.0M | ||
| Q1 25 | $8.0M | $561.0M | ||
| Q4 24 | $72.0M | $1.2B | ||
| Q3 24 | $12.0M | $905.0M | ||
| Q2 24 | $4.0M | $1.6B |
总债务CSXVST
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $15.8B | ||
| Q3 25 | $18.6B | $15.8B | ||
| Q2 25 | $18.6B | $15.5B | ||
| Q1 25 | $18.5B | $15.4B | ||
| Q4 24 | $17.9B | $15.4B | ||
| Q3 24 | $18.5B | $13.9B | ||
| Q2 24 | $18.0B | $13.9B |
股东权益CSXVST
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $5.1B | ||
| Q3 25 | $12.8B | $5.2B | ||
| Q2 25 | $12.4B | $4.8B | ||
| Q1 25 | $12.2B | $4.8B | ||
| Q4 24 | $12.5B | $5.6B | ||
| Q3 24 | $12.9B | $5.4B | ||
| Q2 24 | $12.6B | $5.6B |
总资产CSXVST
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $41.5B | ||
| Q3 25 | $43.3B | $38.0B | ||
| Q2 25 | $42.9B | $38.1B | ||
| Q1 25 | $43.2B | $38.2B | ||
| Q4 24 | $42.8B | $37.8B | ||
| Q3 24 | $43.1B | $37.9B | ||
| Q2 24 | $42.4B | $39.1B |
负债/权益比CSXVST
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | 3.11× | ||
| Q3 25 | 1.45× | 3.02× | ||
| Q2 25 | 1.50× | 3.22× | ||
| Q1 25 | 1.52× | 3.20× | ||
| Q4 24 | 1.43× | 2.77× | ||
| Q3 24 | 1.43× | 2.56× | ||
| Q2 24 | 1.42× | 2.49× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $596.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 12.4% |
| 资本支出强度资本支出/营收 | — | 17.4% |
| 现金转化率经营现金流/净利润 | 1.58× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $1.3B |
8季度趋势，按日历期对齐
经营现金流CSXVST
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $635.0M | $572.0M | ||
| Q1 25 | $1.3B | $599.0M | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.1B | $1.2B |
自由现金流CSXVST
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $596.0M | ||
| Q3 25 | $607.0M | $1.0B | ||
| Q2 25 | $-141.0M | $-118.0M | ||
| Q1 25 | $536.0M | $-169.0M | ||
| Q4 24 | $550.0M | $923.0M | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $547.0M | $698.0M |
自由现金流率CSXVST
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | 12.4% | ||
| Q3 25 | 16.9% | 21.1% | ||
| Q2 25 | -3.9% | -3.1% | ||
| Q1 25 | 15.7% | -4.0% | ||
| Q4 24 | 15.5% | 25.2% | ||
| Q3 24 | 29.3% | 23.4% | ||
| Q2 24 | 14.8% | 19.4% |
资本支出强度CSXVST
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 17.4% | ||
| Q3 25 | 20.4% | 9.6% | ||
| Q2 25 | 21.7% | 18.4% | ||
| Q1 25 | 21.0% | 18.1% | ||
| Q4 24 | 23.7% | 11.7% | ||
| Q3 24 | 17.3% | 15.8% | ||
| Q2 24 | 14.6% | 13.8% |
现金转化率CSXVST
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 6.15× | ||
| Q3 25 | 1.93× | 2.25× | ||
| Q2 25 | 0.77× | 1.75× | ||
| Q1 25 | 1.94× | — | ||
| Q4 24 | 1.93× | 3.07× | ||
| Q3 24 | 1.89× | 0.90× | ||
| Q2 24 | 1.13× | 3.28× |
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
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
