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凯撒娱乐（CZR）与切尼尔能源（LNG）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是凯撒娱乐的1.9倍（$5.4B vs $2.9B），切尼尔能源净利率更高（42.8% vs -2.9%，领先45.7%），切尼尔能源同比增速更快（20.3% vs 2.7%），过去两年切尼尔能源的营收复合增速更高（14.3% 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。
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
CZR vs LNG — 直观对比
营收规模更大
LNG
是对方的1.9倍
$2.9B
营收增速更快
LNG
高出17.6%
2.7%
净利率更高
LNG
高出45.7%
-2.9%
两年增速更快
LNG
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $5.4B |
| 净利润 | $-83.0M | $2.3B |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 70.8% |
| 净利率 | -2.9% | 42.8% |
| 营收同比 | 2.7% | 20.3% |
| 净利润同比 | 15.3% | 135.6% |
| 每股收益（稀释后） | $-0.48 | $10.51 |
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CZRLNG
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $5.4B | ||
| Q3 25 | $2.9B | $4.3B | ||
| Q2 25 | $2.9B | $4.5B | ||
| Q1 25 | $2.8B | $5.3B | ||
| Q4 24 | $2.8B | $4.5B | ||
| Q3 24 | $2.9B | $3.7B | ||
| Q2 24 | $2.8B | $3.1B |
净利润CZRLNG
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-250.0M | $2.3B | ||
| Q3 25 | $-55.0M | $1.0B | ||
| Q2 25 | $-82.0M | $1.6B | ||
| Q1 25 | $-115.0M | $353.0M | ||
| Q4 24 | $11.0M | $977.0M | ||
| Q3 24 | $-9.0M | $893.0M | ||
| Q2 24 | $-122.0M | $880.0M |
营业利润率CZRLNG
| Q1 26 | 17.4% | — | ||
| Q4 25 | 11.4% | 70.8% | ||
| Q3 25 | 17.9% | 42.3% | ||
| Q2 25 | 18.1% | 56.1% | ||
| Q1 25 | 17.5% | 18.2% | ||
| Q4 24 | 23.9% | 38.9% | ||
| Q3 24 | 22.4% | 44.7% | ||
| Q2 24 | 17.9% | 50.5% |
净利率CZRLNG
| Q1 26 | -2.9% | — | ||
| Q4 25 | -8.6% | 42.8% | ||
| Q3 25 | -1.9% | 24.4% | ||
| Q2 25 | -2.8% | 36.1% | ||
| Q1 25 | -4.1% | 6.7% | ||
| Q4 24 | 0.4% | 21.9% | ||
| Q3 24 | -0.3% | 24.2% | ||
| Q2 24 | -4.3% | 28.0% |
每股收益（稀释后）CZRLNG
| Q1 26 | $-0.48 | — | ||
| Q4 25 | $-1.22 | $10.51 | ||
| Q3 25 | $-0.27 | $4.75 | ||
| Q2 25 | $-0.39 | $7.30 | ||
| Q1 25 | $-0.54 | $1.57 | ||
| Q4 24 | $0.04 | $4.30 | ||
| Q3 24 | $-0.04 | $3.93 | ||
| Q2 24 | $-0.56 | $3.84 |
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 | $1.1B |
| 总债务越低越好 | — | $22.5B |
| 股东权益账面价值 | — | $7.9B |
| 总资产 | — | $47.9B |
| 负债/权益比越低杠杆越低 | — | 2.84× |
8季度趋势，按日历期对齐
现金及短期投资CZRLNG
| Q1 26 | $867.0M | — | ||
| Q4 25 | $887.0M | $1.1B | ||
| Q3 25 | $836.0M | $1.1B | ||
| Q2 25 | $982.0M | $1.6B | ||
| Q1 25 | $884.0M | $2.5B | ||
| Q4 24 | $866.0M | $2.6B | ||
| Q3 24 | $802.0M | $2.7B | ||
| Q2 24 | $830.0M | $2.4B |
总债务CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $22.5B | ||
| Q3 25 | $11.9B | $22.0B | ||
| Q2 25 | $12.3B | $22.0B | ||
| Q1 25 | $12.3B | $22.5B | ||
| Q4 24 | $12.3B | $22.6B | ||
| Q3 24 | $12.7B | $22.5B | ||
| Q2 24 | $12.4B | $22.6B |
股东权益CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $7.9B | ||
| Q3 25 | $3.8B | $6.7B | ||
| Q2 25 | $3.9B | $6.7B | ||
| Q1 25 | $4.1B | $5.6B | ||
| Q4 24 | $4.2B | $5.7B | ||
| Q3 24 | $4.2B | $5.1B | ||
| Q2 24 | $4.3B | $4.5B |
总资产CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | $31.6B | $47.9B | ||
| Q3 25 | $31.9B | $45.1B | ||
| Q2 25 | $32.5B | $44.6B | ||
| Q1 25 | $32.4B | $43.5B | ||
| Q4 24 | $32.6B | $43.9B | ||
| Q3 24 | $33.0B | $43.1B | ||
| Q2 24 | $33.1B | $42.3B |
负债/权益比CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 2.84× | ||
| Q3 25 | 3.15× | 3.25× | ||
| Q2 25 | 3.15× | 3.28× | ||
| Q1 25 | 3.04× | 4.03× | ||
| Q4 24 | 2.96× | 3.96× | ||
| Q3 24 | 3.04× | 4.42× | ||
| Q2 24 | 2.89× | 5.06× |
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 | — | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 24.4% |
| 资本支出强度资本支出/营收 | — | 13.8% |
| 现金转化率经营现金流/净利润 | — | 0.89× |
| 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CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $2.1B | ||
| Q3 25 | $318.0M | $1.4B | ||
| Q2 25 | $462.0M | $831.0M | ||
| Q1 25 | $218.0M | $1.2B | ||
| Q4 24 | $309.0M | $1.6B | ||
| Q3 24 | $232.0M | $1.4B | ||
| Q2 24 | $454.0M | $1.1B |
自由现金流CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | $1.3B | ||
| Q3 25 | $123.0M | $738.0M | ||
| Q2 25 | $232.0M | $-193.0M | ||
| Q1 25 | $-5.0M | $605.0M | ||
| Q4 24 | $30.0M | $1.1B | ||
| Q3 24 | $-192.0M | $875.0M | ||
| Q2 24 | $125.0M | $613.0M |
自由现金流率CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 24.4% | ||
| Q3 25 | 4.3% | 17.2% | ||
| Q2 25 | 8.0% | -4.3% | ||
| Q1 25 | -0.2% | 11.4% | ||
| Q4 24 | 1.1% | 24.0% | ||
| Q3 24 | -6.7% | 23.8% | ||
| Q2 24 | 4.4% | 19.5% |
资本支出强度CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 13.8% | ||
| Q3 25 | 6.8% | 16.0% | ||
| Q2 25 | 7.9% | 22.7% | ||
| Q1 25 | 8.0% | 11.8% | ||
| Q4 24 | 10.0% | 12.7% | ||
| Q3 24 | 14.8% | 14.0% | ||
| Q2 24 | 11.6% | 16.0% |
现金转化率CZRLNG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 3.48× | ||
| Q4 24 | 28.09× | 1.68× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.27× |
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% |
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
