vs
Diversified Energy Co（DEC）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是Diversified Energy Co的1.6倍（$1.0B vs $666.5M），第一太阳能净利率更高（33.2% vs 29.3%，领先3.9%）
DTE能源是一家总部位于底特律的综合能源企业，在美国与加拿大开展能源相关业务的开发与运营。公司业务板块涵盖电力与燃气公用事业，其中电力业务为密歇根州220万客户服务，燃气业务则服务于该州130万客户。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
DEC vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.6倍
$666.5M
净利率更高
FSLR
高出3.9%
29.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $666.5M | $1.0B |
| 净利润 | $195.5M | $346.6M |
| 毛利率 | — | 46.6% |
| 营业利润率 | 37.6% | 33.1% |
| 净利率 | 29.3% | 33.2% |
| 营收同比 | — | 23.6% |
| 净利润同比 | — | 65.4% |
| 每股收益（稀释后） | — | $3.22 |
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DECFSLR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $666.5M | $1.7B | ||
| Q3 25 | $499.8M | $1.6B | ||
| Q2 25 | $600.3M | $1.1B | ||
| Q1 25 | — | $844.6M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $887.7M | ||
| Q2 24 | — | $1.0B |
净利润DECFSLR
| Q1 26 | — | $346.6M | ||
| Q4 25 | $195.5M | $520.9M | ||
| Q3 25 | $171.1M | $455.9M | ||
| Q2 25 | $297.7M | $341.9M | ||
| Q1 25 | — | $209.5M | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | $313.0M | ||
| Q2 24 | — | $349.4M |
毛利率DECFSLR
| Q1 26 | — | 46.6% | ||
| Q4 25 | — | 39.5% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | 44.7% | 45.6% | ||
| Q1 25 | — | 40.8% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 49.4% |
营业利润率DECFSLR
| Q1 26 | — | 33.1% | ||
| Q4 25 | 37.6% | 32.6% | ||
| Q3 25 | 36.2% | 29.2% | ||
| Q2 25 | 48.5% | 33.0% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 36.3% | ||
| Q2 24 | — | 36.9% |
净利率DECFSLR
| Q1 26 | — | 33.2% | ||
| Q4 25 | 29.3% | 31.0% | ||
| Q3 25 | 34.2% | 28.6% | ||
| Q2 25 | 49.6% | 31.2% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 34.6% |
每股收益（稀释后）DECFSLR
| Q1 26 | — | $3.22 | ||
| Q4 25 | — | $4.84 | ||
| Q3 25 | $2.14 | $4.24 | ||
| Q2 25 | $3.67 | $3.18 | ||
| Q1 25 | — | $1.95 | ||
| Q4 24 | — | $3.66 | ||
| Q3 24 | — | $2.91 | ||
| Q2 24 | — | $3.25 |
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 | $29.7M | $2.4B |
| 总债务越低越好 | $2.7B | $425.8M |
| 股东权益账面价值 | $984.1M | $9.9B |
| 总资产 | $6.2B | $13.4B |
| 负债/权益比越低杠杆越低 | 2.76× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资DECFSLR
| Q1 26 | — | $2.4B | ||
| Q4 25 | $29.7M | $2.8B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $23.7M | $1.1B | ||
| Q1 25 | — | $837.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.7B |
总债务DECFSLR
| Q1 26 | — | $425.8M | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DECFSLR
| Q1 26 | — | $9.9B | ||
| Q4 25 | $984.1M | $9.5B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | $727.7M | $8.5B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.3B |
总资产DECFSLR
| Q1 26 | — | $13.4B | ||
| Q4 25 | $6.2B | $13.3B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | $5.7B | $12.9B | ||
| Q1 25 | — | $12.1B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $11.4B | ||
| Q2 24 | — | $11.0B |
负债/权益比DECFSLR
| Q1 26 | — | 0.04× | ||
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $464.6M | $-214.9M |
| 自由现金流经营现金流 - 资本支出 | $280.0M | — |
| 自由现金流率自由现金流/营收 | 42.0% | — |
| 资本支出强度资本支出/营收 | 27.7% | — |
| 现金转化率经营现金流/净利润 | 2.38× | -0.62× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DECFSLR
| Q1 26 | — | $-214.9M | ||
| Q4 25 | $464.6M | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $264.1M | $149.6M | ||
| Q1 25 | — | $-608.0M | ||
| Q4 24 | — | $811.0M | ||
| Q3 24 | — | $-53.7M | ||
| Q2 24 | — | $193.0M |
自由现金流DECFSLR
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $-138.6M | ||
| Q1 25 | — | $-813.9M | ||
| Q4 24 | — | $497.5M | ||
| Q3 24 | — | $-487.7M | ||
| Q2 24 | — | $-172.1M |
自由现金流率DECFSLR
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | 63.6% | ||
| Q3 25 | — | 67.1% | ||
| Q2 25 | — | -12.6% | ||
| Q1 25 | — | -96.4% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | -54.9% | ||
| Q2 24 | — | -17.0% |
资本支出强度DECFSLR
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | 10.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 26.3% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 48.9% | ||
| Q2 24 | — | 36.1% |
现金转化率DECFSLR
| Q1 26 | — | -0.62× | ||
| Q4 25 | 2.38× | 2.38× | ||
| Q3 25 | — | 2.79× | ||
| Q2 25 | 0.89× | 0.44× | ||
| Q1 25 | — | -2.90× | ||
| Q4 24 | — | 2.06× | ||
| Q3 24 | — | -0.17× | ||
| Q2 24 | — | 0.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
