vs
道明尼能源（D）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是道明尼能源的1.5倍（$6.2B vs $4.2B），联合太平洋净利率更高（27.4% vs 13.9%，领先13.4%），道明尼能源同比增速更快（23.2% vs 3.2%），过去两年道明尼能源的营收复合增速更高（9.3% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
D vs UNP — 直观对比
营收规模更大
UNP
是对方的1.5倍
$4.2B
营收增速更快
D
高出20.0%
3.2%
净利率更高
UNP
高出13.4%
13.9%
两年增速更快
D
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.2B |
| 净利润 | $586.0M | $1.7B |
| 毛利率 | — | — |
| 营业利润率 | 18.0% | 39.5% |
| 净利率 | 13.9% | 27.4% |
| 营收同比 | 23.2% | 3.2% |
| 净利润同比 | 871.1% | 4.6% |
| 每股收益（稀释后） | $0.66 | $2.87 |
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DUNP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $4.2B | $6.1B | ||
| Q3 25 | $4.5B | $6.2B | ||
| Q2 25 | $3.7B | $6.2B | ||
| Q1 25 | $4.1B | $6.0B | ||
| Q4 24 | $3.4B | $6.1B | ||
| Q3 24 | $3.8B | $6.1B | ||
| Q2 24 | $3.5B | $6.0B |
净利润DUNP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $586.0M | $1.8B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $760.0M | $1.9B | ||
| Q1 25 | $646.0M | $1.6B | ||
| Q4 24 | $-76.0M | $1.8B | ||
| Q3 24 | $954.0M | $1.7B | ||
| Q2 24 | $572.0M | $1.7B |
营业利润率DUNP
| Q1 26 | — | 39.5% | ||
| Q4 25 | 18.0% | 39.5% | ||
| Q3 25 | 29.7% | 40.8% | ||
| Q2 25 | 29.5% | 41.0% | ||
| Q1 25 | 29.9% | 39.3% | ||
| Q4 24 | 11.4% | 41.3% | ||
| Q3 24 | 32.2% | 39.7% | ||
| Q2 24 | 23.3% | 40.0% |
净利率DUNP
| Q1 26 | — | 27.4% | ||
| Q4 25 | 13.9% | 30.4% | ||
| Q3 25 | 22.3% | 28.6% | ||
| Q2 25 | 20.4% | 30.5% | ||
| Q1 25 | 15.8% | 27.0% | ||
| Q4 24 | -2.2% | 28.8% | ||
| Q3 24 | 25.2% | 27.4% | ||
| Q2 24 | 16.6% | 27.9% |
每股收益（稀释后）DUNP
| Q1 26 | — | $2.87 | ||
| Q4 25 | $0.66 | $3.12 | ||
| Q3 25 | $1.16 | $3.01 | ||
| Q2 25 | $0.88 | $3.15 | ||
| Q1 25 | $0.75 | $2.70 | ||
| Q4 24 | $-0.11 | $2.91 | ||
| Q3 24 | $1.12 | $2.75 | ||
| Q2 24 | $0.65 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | $44.1B | — |
| 股东权益账面价值 | $29.1B | — |
| 总资产 | $115.9B | $69.6B |
| 负债/权益比越低杠杆越低 | 1.52× | — |
8季度趋势，按日历期对齐
现金及短期投资DUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | $250.0M | $1.3B | ||
| Q3 25 | $932.0M | $808.0M | ||
| Q2 25 | $344.0M | $1.1B | ||
| Q1 25 | $355.0M | $1.4B | ||
| Q4 24 | $310.0M | $1.0B | ||
| Q3 24 | $1.8B | $947.0M | ||
| Q2 24 | $139.0M | $1.1B |
总债务DUNP
| Q1 26 | — | — | ||
| Q4 25 | $44.1B | $30.3B | ||
| Q3 25 | $43.3B | $30.3B | ||
| Q2 25 | $40.3B | $30.3B | ||
| Q1 25 | $39.9B | $30.6B | ||
| Q4 24 | $37.5B | $29.8B | ||
| Q3 24 | $37.1B | $29.8B | ||
| Q2 24 | $36.6B | $31.2B |
股东权益DUNP
| Q1 26 | — | — | ||
| Q4 25 | $29.1B | $18.5B | ||
| Q3 25 | $27.7B | $17.3B | ||
| Q2 25 | $27.2B | $16.3B | ||
| Q1 25 | $27.4B | $16.0B | ||
| Q4 24 | $27.3B | $16.9B | ||
| Q3 24 | $27.5B | $16.6B | ||
| Q2 24 | $27.1B | $16.5B |
总资产DUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $115.9B | $69.7B | ||
| Q3 25 | $111.6B | $68.6B | ||
| Q2 25 | $107.4B | $68.6B | ||
| Q1 25 | $104.6B | $68.5B | ||
| Q4 24 | $102.4B | $67.7B | ||
| Q3 24 | $99.8B | $67.6B | ||
| Q2 24 | $100.4B | $67.8B |
负债/权益比DUNP
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 1.64× | ||
| Q3 25 | 1.56× | 1.75× | ||
| Q2 25 | 1.48× | 1.86× | ||
| Q1 25 | 1.46× | 1.91× | ||
| Q4 24 | 1.38× | 1.76× | ||
| Q3 24 | 1.35× | 1.79× | ||
| Q2 24 | 1.35× | 1.89× |
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 | — | $631.0M |
| 自由现金流率自由现金流/营收 | — | 10.1% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流DUNP
| Q1 26 | — | — | ||
| Q4 25 | $987.0M | $2.2B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $641.0M | $2.7B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $856.0M | $1.9B |
自由现金流DUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.0B |
自由现金流率DUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 16.8% |
资本支出强度DUNP
| Q1 26 | — | — | ||
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 15.0% |
现金转化率DUNP
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 1.20× | ||
| Q3 25 | 1.93× | 1.41× | ||
| Q2 25 | 1.64× | 1.24× | ||
| Q1 25 | 1.83× | 1.36× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 1.61× | 1.59× | ||
| Q2 24 | 1.50× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
