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凯撒娱乐（CZR）与Entergy（ETR）财务数据对比。点击上方公司名可切换其他公司
Entergy的季度营收约是凯撒娱乐的1.0倍（$3.0B vs $2.9B），Entergy净利率更高（8.1% vs -2.9%，领先11.0%），Entergy同比增速更快（7.9% vs 2.7%），过去两年Entergy的营收复合增速更高（2.9% vs 0.7%）
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
Entergy是美国能源企业，主营电力生产及零售配送业务，服务覆盖美国南部腹地，总部设于路易斯安那州新奥尔良。公司为阿肯色、路易斯安那、密西西比、得克萨斯四州共300万用户供电，发电装机容量约24000兆瓦，年营收110亿美元，员工规模超12000人。
CZR vs ETR — 直观对比
营收规模更大
ETR
是对方的1.0倍
$2.9B
营收增速更快
ETR
高出5.2%
2.7%
净利率更高
ETR
高出11.0%
-2.9%
两年增速更快
ETR
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.0B |
| 净利润 | $-83.0M | $240.5M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 18.4% |
| 净利率 | -2.9% | 8.1% |
| 营收同比 | 2.7% | 7.9% |
| 净利润同比 | 15.3% | -16.2% |
| 每股收益（稀释后） | $-0.48 | $0.51 |
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CZRETR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $3.0B | ||
| Q3 25 | $2.9B | $3.8B | ||
| Q2 25 | $2.9B | $3.3B | ||
| Q1 25 | $2.8B | $2.8B | ||
| Q4 24 | $2.8B | $2.7B | ||
| Q3 24 | $2.9B | $3.4B | ||
| Q2 24 | $2.8B | $3.0B |
净利润CZRETR
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-250.0M | $240.5M | ||
| Q3 25 | $-55.0M | $698.4M | ||
| Q2 25 | $-82.0M | $472.0M | ||
| Q1 25 | $-115.0M | $362.4M | ||
| Q4 24 | $11.0M | $287.2M | ||
| Q3 24 | $-9.0M | $645.8M | ||
| Q2 24 | $-122.0M | $51.7M |
营业利润率CZRETR
| Q1 26 | 17.4% | — | ||
| Q4 25 | 11.4% | 18.4% | ||
| Q3 25 | 17.9% | 29.4% | ||
| Q2 25 | 18.1% | 25.2% | ||
| Q1 25 | 17.5% | 24.6% | ||
| Q4 24 | 23.9% | 24.4% | ||
| Q3 24 | 22.4% | 33.2% | ||
| Q2 24 | 17.9% | 20.9% |
净利率CZRETR
| Q1 26 | -2.9% | — | ||
| Q4 25 | -8.6% | 8.1% | ||
| Q3 25 | -1.9% | 18.3% | ||
| Q2 25 | -2.8% | 14.2% | ||
| Q1 25 | -4.1% | 12.7% | ||
| Q4 24 | 0.4% | 10.5% | ||
| Q3 24 | -0.3% | 19.1% | ||
| Q2 24 | -4.3% | 1.8% |
每股收益（稀释后）CZRETR
| Q1 26 | $-0.48 | — | ||
| Q4 25 | $-1.22 | $0.51 | ||
| Q3 25 | $-0.27 | $1.53 | ||
| Q2 25 | $-0.39 | $1.05 | ||
| Q1 25 | $-0.54 | $0.82 | ||
| Q4 24 | $0.04 | $0.66 | ||
| Q3 24 | $-0.04 | $1.50 | ||
| Q2 24 | $-0.56 | $0.11 |
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 | $867.0M | $1.9B |
| 总债务越低越好 | — | $30.3B |
| 股东权益账面价值 | — | $16.9B |
| 总资产 | — | $71.9B |
| 负债/权益比越低杠杆越低 | — | 1.79× |
8季度趋势，按日历期对齐
现金及短期投资CZRETR
| Q1 26 | $867.0M | — | ||
| Q4 25 | $887.0M | $1.9B | ||
| Q3 25 | $836.0M | $1.5B | ||
| Q2 25 | $982.0M | $1.2B | ||
| Q1 25 | $884.0M | $1.5B | ||
| Q4 24 | $866.0M | $859.7M | ||
| Q3 24 | $802.0M | $1.4B | ||
| Q2 24 | $830.0M | $1.4B |
总债务CZRETR
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $30.3B | ||
| Q3 25 | $11.9B | $29.0B | ||
| Q2 25 | $12.3B | $29.9B | ||
| Q1 25 | $12.3B | $29.6B | ||
| Q4 24 | $12.3B | $28.0B | ||
| Q3 24 | $12.7B | $27.9B | ||
| Q2 24 | $12.4B | $27.8B |
股东权益CZRETR
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $16.9B | ||
| Q3 25 | $3.8B | $16.7B | ||
| Q2 25 | $3.9B | $16.2B | ||
| Q1 25 | $4.1B | $15.2B | ||
| Q4 24 | $4.2B | $15.1B | ||
| Q3 24 | $4.2B | $15.0B | ||
| Q2 24 | $4.3B | $14.6B |
总资产CZRETR
| Q1 26 | — | — | ||
| Q4 25 | $31.6B | $71.9B | ||
| Q3 25 | $31.9B | $69.8B | ||
| Q2 25 | $32.5B | $68.4B | ||
| Q1 25 | $32.4B | $66.6B | ||
| Q4 24 | $32.6B | $64.8B | ||
| Q3 24 | $33.0B | $64.5B | ||
| Q2 24 | $33.1B | $62.8B |
负债/权益比CZRETR
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 1.79× | ||
| Q3 25 | 3.15× | 1.74× | ||
| Q2 25 | 3.15× | 1.85× | ||
| Q1 25 | 3.04× | 1.95× | ||
| Q4 24 | 2.96× | 1.86× | ||
| Q3 24 | 3.04× | 1.85× | ||
| Q2 24 | 2.89× | 1.91× |
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 | — | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-909.7M |
| 自由现金流率自由现金流/营收 | — | -30.7% |
| 资本支出强度资本支出/营收 | — | 71.9% |
| 现金转化率经营现金流/净利润 | — | 5.06× |
| 过去12个月自由现金流最近4个季度 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流CZRETR
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $1.2B | ||
| Q3 25 | $318.0M | $2.1B | ||
| Q2 25 | $462.0M | $1.3B | ||
| Q1 25 | $218.0M | $536.2M | ||
| Q4 24 | $309.0M | $1.4B | ||
| Q3 24 | $232.0M | $1.6B | ||
| Q2 24 | $454.0M | $1.0B |
自由现金流CZRETR
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | $-909.7M | ||
| Q3 25 | $123.0M | $246.0M | ||
| Q2 25 | $232.0M | $-746.6M | ||
| Q1 25 | $-5.0M | $-1.1B | ||
| Q4 24 | $30.0M | $-193.8M | ||
| Q3 24 | $-192.0M | $421.8M | ||
| Q2 24 | $125.0M | $-137.8M |
自由现金流率CZRETR
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | -30.7% | ||
| Q3 25 | 4.3% | 6.5% | ||
| Q2 25 | 8.0% | -22.4% | ||
| Q1 25 | -0.2% | -39.5% | ||
| Q4 24 | 1.1% | -7.1% | ||
| Q3 24 | -6.7% | 12.4% | ||
| Q2 24 | 4.4% | -4.7% |
资本支出强度CZRETR
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 71.9% | ||
| Q3 25 | 6.8% | 49.5% | ||
| Q2 25 | 7.9% | 60.3% | ||
| Q1 25 | 8.0% | 58.3% | ||
| Q4 24 | 10.0% | 57.4% | ||
| Q3 24 | 14.8% | 33.7% | ||
| Q2 24 | 11.6% | 39.4% |
现金转化率CZRETR
| Q1 26 | — | — | ||
| Q4 25 | — | 5.06× | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | — | 2.67× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | 28.09× | 4.80× | ||
| Q3 24 | — | 2.42× | ||
| Q2 24 | — | 19.82× |
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
CZR
| Casino | $1.7B | 58% |
| Hotel | $487.0M | 17% |
| Food and beverage | $424.0M | 15% |
| Other | $293.0M | 10% |
ETR
| Electricity Us Regulated | $2.9B | 100% |
| Other | $13.7M | 0% |
