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COUSINS PROPERTIES INC（CUZ）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
COUSINS PROPERTIES INC的季度营收约是PLUG POWER INC的1.1倍（$255.0M vs $225.2M），COUSINS PROPERTIES INC净利率更高（-1.4% vs -375.6%，领先374.3%），PLUG POWER INC同比增速更快（17.6% vs 13.2%），COUSINS PROPERTIES INC自由现金流更多（$135.0M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 10.4%）
Cousins Properties是一家公开上市的房地产投资信托（REIT），专注于亚特兰大、夏洛特、奥斯汀、菲尼克斯、坦帕及北卡罗来纳州教堂山的写字楼资产投资。公司曾开发多个知名地标项目，包括亚特兰大的CNN中心、奥姆尼体育馆、桃树中心191号大厦以及埃默里角商业综合体。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
CUZ vs PLUG — 直观对比
营收规模更大
CUZ
是对方的1.1倍
$225.2M
营收增速更快
PLUG
高出4.4%
13.2%
净利率更高
CUZ
高出374.3%
-375.6%
自由现金流更多
CUZ
多$288.1M
$-153.0M
两年增速更快
PLUG
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $255.0M | $225.2M |
| 净利润 | $-3.5M | $-846.0M |
| 毛利率 | 67.4% | 2.4% |
| 营业利润率 | 67.5% | -338.9% |
| 净利率 | -1.4% | -375.6% |
| 营收同比 | 13.2% | 17.6% |
| 净利润同比 | -125.4% | 36.7% |
| 每股收益（稀释后） | $-0.02 | $-0.70 |
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CUZPLUG
| Q4 25 | $255.0M | $225.2M | ||
| Q3 25 | $248.3M | $177.1M | ||
| Q2 25 | $240.1M | $174.0M | ||
| Q1 25 | $250.3M | $133.7M | ||
| Q4 24 | $225.3M | $191.5M | ||
| Q3 24 | $209.2M | $173.7M | ||
| Q2 24 | $213.0M | $143.3M | ||
| Q1 24 | $209.2M | $120.3M |
净利润CUZPLUG
| Q4 25 | $-3.5M | $-846.0M | ||
| Q3 25 | $8.6M | $-361.9M | ||
| Q2 25 | $14.5M | $-227.1M | ||
| Q1 25 | $20.9M | $-196.7M | ||
| Q4 24 | $13.6M | $-1.3B | ||
| Q3 24 | $11.2M | $-211.2M | ||
| Q2 24 | $7.8M | $-262.3M | ||
| Q1 24 | $13.3M | $-295.8M |
毛利率CUZPLUG
| Q4 25 | 67.4% | 2.4% | ||
| Q3 25 | 67.8% | -67.9% | ||
| Q2 25 | 69.1% | -30.7% | ||
| Q1 25 | 69.2% | -55.3% | ||
| Q4 24 | 67.6% | -122.5% | ||
| Q3 24 | 68.5% | -57.6% | ||
| Q2 24 | 66.8% | -91.6% | ||
| Q1 24 | 66.0% | -132.3% |
营业利润率CUZPLUG
| Q4 25 | 67.5% | -338.9% | ||
| Q3 25 | 68.1% | -197.0% | ||
| Q2 25 | 69.4% | -101.7% | ||
| Q1 25 | 66.0% | -133.5% | ||
| Q4 24 | 65.8% | -678.7% | ||
| Q3 24 | 67.9% | -124.4% | ||
| Q2 24 | 66.4% | -170.7% | ||
| Q1 24 | 66.3% | -215.7% |
净利率CUZPLUG
| Q4 25 | -1.4% | -375.6% | ||
| Q3 25 | 3.5% | -204.4% | ||
| Q2 25 | 6.0% | -130.5% | ||
| Q1 25 | 8.3% | -147.1% | ||
| Q4 24 | 6.1% | -697.5% | ||
| Q3 24 | 5.4% | -121.5% | ||
| Q2 24 | 3.7% | -183.0% | ||
| Q1 24 | 6.4% | -245.9% |
每股收益（稀释后）CUZPLUG
| Q4 25 | $-0.02 | $-0.70 | ||
| Q3 25 | $0.05 | $-0.31 | ||
| Q2 25 | $0.09 | $-0.20 | ||
| Q1 25 | $0.12 | $-0.21 | ||
| Q4 24 | $0.09 | $-1.61 | ||
| Q3 24 | $0.07 | $-0.25 | ||
| Q2 24 | $0.05 | $-0.36 | ||
| Q1 24 | $0.09 | $-0.46 |
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 | $5.7M | $368.5M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $4.7B | $978.1M |
| 总资产 | $8.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.71× | — |
8季度趋势，按日历期对齐
现金及短期投资CUZPLUG
| Q4 25 | $5.7M | $368.5M | ||
| Q3 25 | $4.7M | $165.9M | ||
| Q2 25 | $416.8M | $140.7M | ||
| Q1 25 | $5.3M | $295.8M | ||
| Q4 24 | $7.3M | $205.7M | ||
| Q3 24 | $76.1M | $93.9M | ||
| Q2 24 | $6.0M | $62.4M | ||
| Q1 24 | $5.5M | $172.9M |
总债务CUZPLUG
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.7B | $3.9M | ||
| Q2 24 | $2.6B | $3.7M | ||
| Q1 24 | $2.6B | $3.8M |
股东权益CUZPLUG
| Q4 25 | $4.7B | $978.1M | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.8B | $1.7B | ||
| Q1 25 | $4.8B | $1.9B | ||
| Q4 24 | $4.8B | $1.7B | ||
| Q3 24 | $4.4B | $3.0B | ||
| Q2 24 | $4.5B | $3.0B | ||
| Q1 24 | $4.5B | $2.9B |
总资产CUZPLUG
| Q4 25 | $8.9B | $2.6B | ||
| Q3 25 | $8.9B | $3.1B | ||
| Q2 25 | $9.1B | $3.4B | ||
| Q1 25 | $8.7B | $3.6B | ||
| Q4 24 | $8.8B | $3.6B | ||
| Q3 24 | $7.8B | $4.7B | ||
| Q2 24 | $7.7B | $4.8B | ||
| Q1 24 | $7.7B | $4.8B |
负债/权益比CUZPLUG
| Q4 25 | 0.71× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.60× | 0.00× | ||
| Q2 24 | 0.58× | 0.00× | ||
| Q1 24 | 0.57× | 0.00× |
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 | $402.3M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $135.0M | $-153.0M |
| 自由现金流率自由现金流/营收 | 53.0% | -67.9% |
| 资本支出强度资本支出/营收 | 104.8% | 1.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流CUZPLUG
| Q4 25 | $402.3M | $-148.6M | ||
| Q3 25 | $120.5M | $-89.8M | ||
| Q2 25 | $122.6M | $-191.8M | ||
| Q1 25 | $44.8M | $-105.6M | ||
| Q4 24 | $400.2M | $-131.2M | ||
| Q3 24 | $117.4M | $-174.9M | ||
| Q2 24 | $125.5M | $-254.7M | ||
| Q1 24 | $28.3M | $-167.7M |
自由现金流CUZPLUG
| Q4 25 | $135.0M | $-153.0M | ||
| Q3 25 | — | $-117.5M | ||
| Q2 25 | — | $-230.4M | ||
| Q1 25 | — | $-146.0M | ||
| Q4 24 | $147.5M | $-165.2M | ||
| Q3 24 | — | $-234.2M | ||
| Q2 24 | — | $-356.0M | ||
| Q1 24 | — | $-260.3M |
自由现金流率CUZPLUG
| Q4 25 | 53.0% | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | 65.5% | -86.3% | ||
| Q3 24 | — | -134.8% | ||
| Q2 24 | — | -248.4% | ||
| Q1 24 | — | -216.5% |
资本支出强度CUZPLUG
| Q4 25 | 104.8% | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | 112.2% | 17.7% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 77.0% |
现金转化率CUZPLUG
| Q4 25 | — | — | ||
| Q3 25 | 14.03× | — | ||
| Q2 25 | 8.46× | — | ||
| Q1 25 | 2.14× | — | ||
| Q4 24 | 29.35× | — | ||
| Q3 24 | 10.48× | — | ||
| Q2 24 | 16.01× | — | ||
| Q1 24 | 2.13× | — |
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
CUZ
| Rental Properties | $253.3M | 99% |
| Fee And Other Revenue | $1.7M | 1% |
| Other | $1.2M | 0% |
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
