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凯撒娱乐（CZR）与Sempra（SRE）财务数据对比。点击上方公司名可切换其他公司
Sempra的季度营收约是凯撒娱乐的1.1倍（$3.3B vs $2.9B），Sempra净利率更高（10.7% vs -2.9%，领先13.6%），Sempra同比增速更快（6.9% vs 2.7%），过去两年凯撒娱乐的营收复合增速更高（0.7% vs -5.8%）
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。
Sempra是总部位于美国加利福尼亚州圣地亚哥的北美公用事业控股企业，也是美国规模最大的公用事业控股公司之一，服务覆盖近4000万用户，在北美能源供应及公共服务领域拥有领先的市场地位与丰富的运营经验。
CZR vs SRE — 直观对比
营收规模更大
SRE
是对方的1.1倍
$2.9B
营收增速更快
SRE
高出4.2%
2.7%
净利率更高
SRE
高出13.6%
-2.9%
两年增速更快
CZR
近两年复合增速
-5.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.3B |
| 净利润 | $-83.0M | $352.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 7.2% |
| 净利率 | -2.9% | 10.7% |
| 营收同比 | 2.7% | 6.9% |
| 净利润同比 | 15.3% | -47.9% |
| 每股收益（稀释后） | $-0.48 | $0.53 |
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CZRSRE
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.9B | $2.7B | ||
| Q1 25 | $2.8B | $3.7B | ||
| Q4 24 | $2.8B | $3.1B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $2.8B | $2.5B |
净利润CZRSRE
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-250.0M | $352.0M | ||
| Q3 25 | $-55.0M | $95.0M | ||
| Q2 25 | $-82.0M | $473.0M | ||
| Q1 25 | $-115.0M | $917.0M | ||
| Q4 24 | $11.0M | $676.0M | ||
| Q3 24 | $-9.0M | $649.0M | ||
| Q2 24 | $-122.0M | $725.0M |
营业利润率CZRSRE
| Q1 26 | 17.4% | — | ||
| Q4 25 | 11.4% | 7.2% | ||
| Q3 25 | 17.9% | 10.6% | ||
| Q2 25 | 18.1% | 17.3% | ||
| Q1 25 | 17.5% | 21.5% | ||
| Q4 24 | 23.9% | 35.0% | ||
| Q3 24 | 22.4% | 12.9% | ||
| Q2 24 | 17.9% | 18.8% |
净利率CZRSRE
| Q1 26 | -2.9% | — | ||
| Q4 25 | -8.6% | 10.7% | ||
| Q3 25 | -1.9% | 3.4% | ||
| Q2 25 | -2.8% | 17.5% | ||
| Q1 25 | -4.1% | 24.9% | ||
| Q4 24 | 0.4% | 22.0% | ||
| Q3 24 | -0.3% | 25.3% | ||
| Q2 24 | -4.3% | 29.2% |
每股收益（稀释后）CZRSRE
| Q1 26 | $-0.48 | — | ||
| Q4 25 | $-1.22 | $0.53 | ||
| Q3 25 | $-0.27 | $0.12 | ||
| Q2 25 | $-0.39 | $0.71 | ||
| Q1 25 | $-0.54 | $1.39 | ||
| Q4 24 | $0.04 | $1.04 | ||
| Q3 24 | $-0.04 | $1.00 | ||
| Q2 24 | $-0.56 | $1.12 |
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 | $29.0M |
| 总债务越低越好 | — | $29.0B |
| 股东权益账面价值 | — | $31.6B |
| 总资产 | — | $110.9B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资CZRSRE
| Q1 26 | $867.0M | — | ||
| Q4 25 | $887.0M | $29.0M | ||
| Q3 25 | $836.0M | $5.0M | ||
| Q2 25 | $982.0M | $155.0M | ||
| Q1 25 | $884.0M | $1.7B | ||
| Q4 24 | $866.0M | $1.6B | ||
| Q3 24 | $802.0M | $560.0M | ||
| Q2 24 | $830.0M | $228.0M |
总债务CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $29.0B | ||
| Q3 25 | $11.9B | $29.0B | ||
| Q2 25 | $12.3B | $34.9B | ||
| Q1 25 | $12.3B | $33.3B | ||
| Q4 24 | $12.3B | $31.6B | ||
| Q3 24 | $12.7B | $31.0B | ||
| Q2 24 | $12.4B | $29.0B |
股东权益CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $31.6B | ||
| Q3 25 | $3.8B | $31.2B | ||
| Q2 25 | $3.9B | $31.7B | ||
| Q1 25 | $4.1B | $31.6B | ||
| Q4 24 | $4.2B | $31.2B | ||
| Q3 24 | $4.2B | $29.7B | ||
| Q2 24 | $4.3B | $29.5B |
总资产CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | $31.6B | $110.9B | ||
| Q3 25 | $31.9B | $106.9B | ||
| Q2 25 | $32.5B | $99.9B | ||
| Q1 25 | $32.4B | $99.0B | ||
| Q4 24 | $32.6B | $96.2B | ||
| Q3 24 | $33.0B | $93.7B | ||
| Q2 24 | $33.1B | $90.5B |
负债/权益比CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 0.92× | ||
| Q3 25 | 3.15× | 0.93× | ||
| Q2 25 | 3.15× | 1.10× | ||
| Q1 25 | 3.04× | 1.05× | ||
| Q4 24 | 2.96× | 1.01× | ||
| Q3 24 | 3.04× | 1.04× | ||
| Q2 24 | 2.89× | 0.98× |
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 | — | $-2.2B |
| 自由现金流率自由现金流/营收 | — | -67.7% |
| 资本支出强度资本支出/营收 | — | 104.0% |
| 现金转化率经营现金流/净利润 | — | 3.38× |
| 过去12个月自由现金流最近4个季度 | — | $-6.0B |
8季度趋势，按日历期对齐
经营现金流CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $1.2B | ||
| Q3 25 | $318.0M | $1.1B | ||
| Q2 25 | $462.0M | $784.0M | ||
| Q1 25 | $218.0M | $1.5B | ||
| Q4 24 | $309.0M | $1.4B | ||
| Q3 24 | $232.0M | $1.0B | ||
| Q2 24 | $454.0M | $669.0M |
自由现金流CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | $-2.2B | ||
| Q3 25 | $123.0M | $-1.5B | ||
| Q2 25 | $232.0M | $-1.5B | ||
| Q1 25 | $-5.0M | $-854.0M | ||
| Q4 24 | $30.0M | $-1.1B | ||
| Q3 24 | $-192.0M | $-913.0M | ||
| Q2 24 | $125.0M | $-1.2B |
自由现金流率CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | -67.7% | ||
| Q3 25 | 4.3% | -52.6% | ||
| Q2 25 | 8.0% | -56.3% | ||
| Q1 25 | -0.2% | -23.2% | ||
| Q4 24 | 1.1% | -35.4% | ||
| Q3 24 | -6.7% | -35.5% | ||
| Q2 24 | 4.4% | -49.4% |
资本支出强度CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 104.0% | ||
| Q3 25 | 6.8% | 92.9% | ||
| Q2 25 | 7.9% | 85.3% | ||
| Q1 25 | 8.0% | 63.5% | ||
| Q4 24 | 10.0% | 79.9% | ||
| Q3 24 | 14.8% | 75.3% | ||
| Q2 24 | 11.6% | 76.4% |
现金转化率CZRSRE
| Q1 26 | — | — | ||
| Q4 25 | — | 3.38× | ||
| Q3 25 | — | 11.68× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | 1.62× | ||
| Q4 24 | 28.09× | 2.02× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 0.92× |
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% |
SRE
暂无分部数据
