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道明尼能源（D）与Xcel Energy（XEL）财务数据对比。点击上方公司名可切换其他公司
道明尼能源的季度营收约是Xcel Energy的1.2倍（$4.2B vs $3.6B），Xcel Energy净利率更高（15.9% vs 13.9%，领先2.0%），道明尼能源同比增速更快（23.2% vs 14.1%），过去两年道明尼能源的营收复合增速更高（9.3% vs -1.2%）
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。
Xcel Energy是总部位于美国明尼苏达州明尼阿波利斯的受监管电力及天然气供应企业，截至2025年中业务覆盖美国八个州的部分区域，共服务约390万电力用户、220万天然气用户，旗下设有四家运营子公司。
D vs XEL — 直观对比
营收规模更大
D
是对方的1.2倍
$3.6B
营收增速更快
D
高出9.0%
14.1%
净利率更高
XEL
高出2.0%
13.9%
两年增速更快
D
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.6B |
| 净利润 | $586.0M | $567.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.0% | 16.3% |
| 净利率 | 13.9% | 15.9% |
| 营收同比 | 23.2% | 14.1% |
| 净利润同比 | 871.1% | 22.2% |
| 每股收益（稀释后） | $0.66 | $0.95 |
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DXEL
| Q4 25 | $4.2B | $3.6B | ||
| Q3 25 | $4.5B | $3.9B | ||
| Q2 25 | $3.7B | $3.3B | ||
| Q1 25 | $4.1B | $3.9B | ||
| Q4 24 | $3.4B | $3.1B | ||
| Q3 24 | $3.8B | $3.6B | ||
| Q2 24 | $3.5B | $3.0B | ||
| Q1 24 | $3.5B | $3.6B |
净利润DXEL
| Q4 25 | $586.0M | $567.0M | ||
| Q3 25 | $1.0B | $524.0M | ||
| Q2 25 | $760.0M | $444.0M | ||
| Q1 25 | $646.0M | $483.0M | ||
| Q4 24 | $-76.0M | $464.0M | ||
| Q3 24 | $954.0M | $682.0M | ||
| Q2 24 | $572.0M | $302.0M | ||
| Q1 24 | $674.0M | $488.0M |
营业利润率DXEL
| Q4 25 | 18.0% | 16.3% | ||
| Q3 25 | 29.7% | 19.1% | ||
| Q2 25 | 29.5% | 17.6% | ||
| Q1 25 | 29.9% | 17.3% | ||
| Q4 24 | 11.4% | 11.1% | ||
| Q3 24 | 32.2% | 25.0% | ||
| Q2 24 | 23.3% | 14.8% | ||
| Q1 24 | 23.6% | 18.6% |
净利率DXEL
| Q4 25 | 13.9% | 15.9% | ||
| Q3 25 | 22.3% | 13.4% | ||
| Q2 25 | 20.4% | 13.5% | ||
| Q1 25 | 15.8% | 12.4% | ||
| Q4 24 | -2.2% | 14.9% | ||
| Q3 24 | 25.2% | 18.7% | ||
| Q2 24 | 16.6% | 10.0% | ||
| Q1 24 | 19.1% | 13.4% |
每股收益（稀释后）DXEL
| Q4 25 | $0.66 | $0.95 | ||
| Q3 25 | $1.16 | $0.88 | ||
| Q2 25 | $0.88 | $0.75 | ||
| Q1 25 | $0.75 | $0.84 | ||
| Q4 24 | $-0.11 | $0.81 | ||
| Q3 24 | $1.12 | $1.21 | ||
| Q2 24 | $0.65 | $0.54 | ||
| Q1 24 | $0.78 | $0.88 |
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 | $31.8B |
| 股东权益账面价值 | $29.1B | $23.6B |
| 总资产 | $115.9B | $81.4B |
| 负债/权益比越低杠杆越低 | 1.52× | 1.35× |
8季度趋势，按日历期对齐
现金及短期投资DXEL
| Q4 25 | $250.0M | — | ||
| Q3 25 | $932.0M | $1.1B | ||
| Q2 25 | $344.0M | $1.5B | ||
| Q1 25 | $355.0M | $1.1B | ||
| Q4 24 | $310.0M | $179.0M | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $139.0M | $1.6B | ||
| Q1 24 | $265.0M | $501.0M |
总债务DXEL
| Q4 25 | $44.1B | $31.8B | ||
| Q3 25 | $43.3B | $32.0B | ||
| Q2 25 | $40.3B | $31.1B | ||
| Q1 25 | $39.9B | $29.4B | ||
| Q4 24 | $37.5B | $27.3B | ||
| Q3 24 | $37.1B | $27.5B | ||
| Q2 24 | $36.6B | $27.7B | ||
| Q1 24 | $35.1B | $26.4B |
股东权益DXEL
| Q4 25 | $29.1B | $23.6B | ||
| Q3 25 | $27.7B | $21.2B | ||
| Q2 25 | $27.2B | $21.0B | ||
| Q1 25 | $27.4B | $19.8B | ||
| Q4 24 | $27.3B | $19.5B | ||
| Q3 24 | $27.5B | $19.4B | ||
| Q2 24 | $27.1B | $18.0B | ||
| Q1 24 | $27.4B | $17.8B |
总资产DXEL
| Q4 25 | $115.9B | $81.4B | ||
| Q3 25 | $111.6B | $79.2B | ||
| Q2 25 | $107.4B | $75.3B | ||
| Q1 25 | $104.6B | $72.7B | ||
| Q4 24 | $102.4B | $70.0B | ||
| Q3 24 | $99.8B | $69.3B | ||
| Q2 24 | $100.4B | $67.9B | ||
| Q1 24 | $102.0B | $65.6B |
负债/权益比DXEL
| Q4 25 | 1.52× | 1.35× | ||
| Q3 25 | 1.56× | 1.51× | ||
| Q2 25 | 1.48× | 1.48× | ||
| Q1 25 | 1.46× | 1.48× | ||
| Q4 24 | 1.38× | 1.40× | ||
| Q3 24 | 1.35× | 1.42× | ||
| Q2 24 | 1.35× | 1.54× | ||
| Q1 24 | 1.28× | 1.48× |
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 | $209.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.2B |
| 自由现金流率自由现金流/营收 | — | -90.7% |
| 资本支出强度资本支出/营收 | — | 96.5% |
| 现金转化率经营现金流/净利润 | 1.68× | 0.37× |
| 过去12个月自由现金流最近4个季度 | — | $-6.8B |
8季度趋势，按日历期对齐
经营现金流DXEL
| Q4 25 | $987.0M | $209.0M | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $641.0M | $664.0M | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $856.0M | $1.2B | ||
| Q1 24 | $2.0B | $1.1B |
自由现金流DXEL
| Q4 25 | — | $-3.2B | ||
| Q3 25 | — | $-1.3B | ||
| Q2 25 | — | $-1.3B | ||
| Q1 25 | — | $-960.0M | ||
| Q4 24 | — | $-1.6B | ||
| Q3 24 | — | $-42.0M | ||
| Q2 24 | — | $-641.0M | ||
| Q1 24 | — | $-487.0M |
自由现金流率DXEL
| Q4 25 | — | -90.7% | ||
| Q3 25 | — | -33.0% | ||
| Q2 25 | — | -40.9% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | — | -49.8% | ||
| Q3 24 | — | -1.2% | ||
| Q2 24 | — | -21.2% | ||
| Q1 24 | — | -13.3% |
资本支出强度DXEL
| Q4 25 | — | 96.5% | ||
| Q3 25 | — | 78.0% | ||
| Q2 25 | — | 73.8% | ||
| Q1 25 | — | 50.9% | ||
| Q4 24 | — | 71.1% | ||
| Q3 24 | — | 48.8% | ||
| Q2 24 | — | 60.5% | ||
| Q1 24 | — | 42.1% |
现金转化率DXEL
| Q4 25 | 1.68× | 0.37× | ||
| Q3 25 | 1.93× | 3.37× | ||
| Q2 25 | 1.64× | 2.43× | ||
| Q1 25 | 1.83× | 2.13× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 1.61× | 2.55× | ||
| Q2 24 | 1.50× | 3.94× | ||
| Q1 24 | 2.94× | 2.15× |
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% |
XEL
| Retail Distribution | $2.3B | 64% |
| Regulated Natural Gas Segment | $737.0M | 21% |
| Alternativeand Other | $212.0M | 6% |
| Transmission Services | $164.0M | 5% |
| Wholesale Distribution | $159.0M | 4% |
| Other Services | $8.0M | 0% |
