vs
道明尼能源（D）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是道明尼能源的1.4倍（$6.0B vs $4.2B），道明尼能源净利率更高（13.9% vs 1.0%，领先12.9%），道明尼能源同比增速更快（23.2% vs -0.6%），过去两年国际纸业的营收复合增速更高（12.3% vs 9.3%）
道明尼能源是总部位于美国弗吉尼亚州里士满的能源企业，为弗吉尼亚、北卡罗来纳、南卡罗来纳三州的部分地区供电，同时向犹他、爱达荷、怀俄明、西弗吉尼亚、俄亥俄、宾夕法尼亚、佐治亚等州的部分区域供应天然气，在印第安纳、伊利诺伊、康涅狄格、罗得岛也设有发电设施。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
D vs IP — 直观对比
营收规模更大
IP
是对方的1.4倍
$4.2B
营收增速更快
D
高出23.8%
-0.6%
净利率更高
D
高出12.9%
1.0%
两年增速更快
IP
近两年复合增速
9.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.0B |
| 净利润 | $586.0M | $60.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.0% | — |
| 净利率 | 13.9% | 1.0% |
| 营收同比 | 23.2% | -0.6% |
| 净利润同比 | 871.1% | 157.1% |
| 每股收益（稀释后） | $0.66 | $0.14 |
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DIP
| Q1 26 | — | $6.0B | ||
| Q4 25 | $4.2B | $4.7B | ||
| Q3 25 | $4.5B | $6.2B | ||
| Q2 25 | $3.7B | $6.8B | ||
| Q1 25 | $4.1B | $5.9B | ||
| Q4 24 | $3.4B | $4.6B | ||
| Q3 24 | $3.8B | $4.7B | ||
| Q2 24 | $3.5B | $4.7B |
净利润DIP
| Q1 26 | — | $60.0M | ||
| Q4 25 | $586.0M | $-2.4B | ||
| Q3 25 | $1.0B | $-1.1B | ||
| Q2 25 | $760.0M | $75.0M | ||
| Q1 25 | $646.0M | $-105.0M | ||
| Q4 24 | $-76.0M | $-147.0M | ||
| Q3 24 | $954.0M | $150.0M | ||
| Q2 24 | $572.0M | $498.0M |
毛利率DIP
| Q1 26 | — | — | ||
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | 27.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 29.0% |
营业利润率DIP
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | -56.4% | ||
| Q3 25 | 29.7% | -10.8% | ||
| Q2 25 | 29.5% | 1.7% | ||
| Q1 25 | 29.9% | -2.3% | ||
| Q4 24 | 11.4% | -4.9% | ||
| Q3 24 | 32.2% | 5.1% | ||
| Q2 24 | 23.3% | 6.8% |
净利率DIP
| Q1 26 | — | 1.0% | ||
| Q4 25 | 13.9% | -50.3% | ||
| Q3 25 | 22.3% | -17.7% | ||
| Q2 25 | 20.4% | 1.1% | ||
| Q1 25 | 15.8% | -1.8% | ||
| Q4 24 | -2.2% | -3.2% | ||
| Q3 24 | 25.2% | 3.2% | ||
| Q2 24 | 16.6% | 10.5% |
每股收益（稀释后）DIP
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.66 | $-4.76 | ||
| Q3 25 | $1.16 | $-2.09 | ||
| Q2 25 | $0.88 | $0.14 | ||
| Q1 25 | $0.75 | $-0.24 | ||
| Q4 24 | $-0.11 | $-0.42 | ||
| Q3 24 | $1.12 | $0.42 | ||
| Q2 24 | $0.65 | $1.41 |
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 | $250.0M | — |
| 总债务越低越好 | $44.1B | $8.2B |
| 股东权益账面价值 | $29.1B | $14.8B |
| 总资产 | $115.9B | $36.4B |
| 负债/权益比越低杠杆越低 | 1.52× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资DIP
| Q1 26 | — | — | ||
| Q4 25 | $250.0M | $1.1B | ||
| Q3 25 | $932.0M | $995.0M | ||
| Q2 25 | $344.0M | $1.1B | ||
| Q1 25 | $355.0M | $1.2B | ||
| Q4 24 | $310.0M | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $139.0M | $1.0B |
总债务DIP
| Q1 26 | — | $8.2B | ||
| Q4 25 | $44.1B | $8.8B | ||
| Q3 25 | $43.3B | $9.0B | ||
| Q2 25 | $40.3B | $9.7B | ||
| Q1 25 | $39.9B | $9.2B | ||
| Q4 24 | $37.5B | $5.4B | ||
| Q3 24 | $37.1B | $5.3B | ||
| Q2 24 | $36.6B | $5.3B |
股东权益DIP
| Q1 26 | — | $14.8B | ||
| Q4 25 | $29.1B | $14.8B | ||
| Q3 25 | $27.7B | $17.3B | ||
| Q2 25 | $27.2B | $18.6B | ||
| Q1 25 | $27.4B | $18.1B | ||
| Q4 24 | $27.3B | $8.2B | ||
| Q3 24 | $27.5B | $8.6B | ||
| Q2 24 | $27.1B | $8.6B |
总资产DIP
| Q1 26 | — | $36.4B | ||
| Q4 25 | $115.9B | $38.0B | ||
| Q3 25 | $111.6B | $40.6B | ||
| Q2 25 | $107.4B | $42.4B | ||
| Q1 25 | $104.6B | $41.2B | ||
| Q4 24 | $102.4B | $22.8B | ||
| Q3 24 | $99.8B | $23.2B | ||
| Q2 24 | $100.4B | $23.1B |
负债/权益比DIP
| Q1 26 | — | 0.55× | ||
| Q4 25 | 1.52× | 0.60× | ||
| Q3 25 | 1.56× | 0.52× | ||
| Q2 25 | 1.48× | 0.52× | ||
| Q1 25 | 1.46× | 0.51× | ||
| Q4 24 | 1.38× | 0.66× | ||
| Q3 24 | 1.35× | 0.62× | ||
| Q2 24 | 1.35× | 0.62× |
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 | $987.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | $94.0M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 8.7% |
| 现金转化率经营现金流/净利润 | 1.68× | — |
| 过去12个月自由现金流最近4个季度 | — | $553.0M |
8季度趋势，按日历期对齐
经营现金流DIP
| Q1 26 | — | — | ||
| Q4 25 | $987.0M | $905.0M | ||
| Q3 25 | $1.9B | $605.0M | ||
| Q2 25 | $1.2B | $476.0M | ||
| Q1 25 | $1.2B | $-288.0M | ||
| Q4 24 | $641.0M | $397.0M | ||
| Q3 24 | $1.5B | $521.0M | ||
| Q2 24 | $856.0M | $365.0M |
自由现金流DIP
| Q1 26 | — | $94.0M | ||
| Q4 25 | — | $255.0M | ||
| Q3 25 | — | $150.0M | ||
| Q2 25 | — | $54.0M | ||
| Q1 25 | — | $-618.0M | ||
| Q4 24 | — | $137.0M | ||
| Q3 24 | — | $309.0M | ||
| Q2 24 | — | $167.0M |
自由现金流率DIP
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | -10.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 3.5% |
资本支出强度DIP
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 4.2% |
现金转化率DIP
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 1.64× | 6.35× | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.61× | 3.47× | ||
| Q2 24 | 1.50× | 0.73× |
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
D
| Dominion Energy Virginia | $3.0B | 72% |
| Nonregulated Electricity Sales | $334.0M | 8% |
| Contracted Energy | $306.0M | 7% |
| Other | $292.0M | 7% |
| Other Nonregulated Revenues | $97.0M | 2% |
| Other Regulated Revenues | $66.0M | 2% |
| Alternative Revenue Programs | $50.0M | 1% |
| Transition Services Agreements | $25.0M | 1% |
| Regulated Gas Transportation And Storage | $10.0M | 0% |
| Related Party | $5.0M | 0% |
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
