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Diversified Energy Co（DEC）与SPIRE INC（SR）财务数据对比。点击上方公司名可切换其他公司
SPIRE INC的季度营收约是Diversified Energy Co的1.1倍（$762.2M vs $666.5M），Diversified Energy Co净利率更高（29.3% vs 12.5%，领先16.9%），Diversified Energy Co自由现金流更多（$280.0M vs $-121.8M）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
DEC vs SR — 直观对比
营收规模更大
SR
是对方的1.1倍
$666.5M
净利率更高
DEC
高出16.9%
12.5%
自由现金流更多
DEC
多$401.8M
$-121.8M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $666.5M | $762.2M |
| 净利润 | $195.5M | $95.0M |
| 毛利率 | — | 55.1% |
| 营业利润率 | 37.6% | 22.8% |
| 净利率 | 29.3% | 12.5% |
| 营收同比 | — | 13.9% |
| 净利润同比 | — | 16.9% |
| 每股收益（稀释后） | — | $1.54 |
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DECSR
| Q4 25 | $666.5M | $762.2M | ||
| Q3 25 | $499.8M | $334.1M | ||
| Q2 25 | $600.3M | $421.9M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $669.1M | ||
| Q3 24 | — | $293.8M | ||
| Q2 24 | — | $414.1M | ||
| Q1 24 | — | $1.1B |
净利润DECSR
| Q4 25 | $195.5M | $95.0M | ||
| Q3 25 | $171.1M | $-39.8M | ||
| Q2 25 | $297.7M | $20.9M | ||
| Q1 25 | — | $209.3M | ||
| Q4 24 | — | $81.3M | ||
| Q3 24 | — | $-25.9M | ||
| Q2 24 | — | $-12.6M | ||
| Q1 24 | — | $204.3M |
毛利率DECSR
| Q4 25 | — | 55.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 55.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DECSR
| Q4 25 | 37.6% | 22.8% | ||
| Q3 25 | 36.2% | -0.1% | ||
| Q2 25 | 48.5% | 16.4% | ||
| Q1 25 | — | 29.1% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 26.5% |
净利率DECSR
| Q4 25 | 29.3% | 12.5% | ||
| Q3 25 | 34.2% | -11.9% | ||
| Q2 25 | 49.6% | 5.0% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | -8.8% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | 18.1% |
每股收益（稀释后）DECSR
| Q4 25 | — | $1.54 | ||
| Q3 25 | $2.14 | $-0.77 | ||
| Q2 25 | $3.67 | $0.29 | ||
| Q1 25 | — | $3.51 | ||
| Q4 24 | — | $1.34 | ||
| Q3 24 | — | $-0.63 | ||
| Q2 24 | — | $-0.28 | ||
| Q1 24 | — | $3.58 |
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 | $4.1M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $984.1M | $3.4B |
| 总资产 | $6.2B | $11.9B |
| 负债/权益比越低杠杆越低 | 2.76× | — |
8季度趋势，按日历期对齐
现金及短期投资DECSR
| Q4 25 | $29.7M | $4.1M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | $23.7M | $13.1M | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $7.4M | ||
| Q1 24 | — | $25.6M |
总债务DECSR
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DECSR
| Q4 25 | $984.1M | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $727.7M | $3.5B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.4B |
总资产DECSR
| Q4 25 | $6.2B | $11.9B | ||
| Q3 25 | — | $11.6B | ||
| Q2 25 | $5.7B | $11.4B | ||
| Q1 25 | — | $11.3B | ||
| Q4 24 | — | $11.3B | ||
| Q3 24 | — | $10.9B | ||
| Q2 24 | — | $10.7B | ||
| Q1 24 | — | $10.7B |
负债/权益比DECSR
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $280.0M | $-121.8M |
| 自由现金流率自由现金流/营收 | 42.0% | -16.0% |
| 资本支出强度资本支出/营收 | 27.7% | 26.6% |
| 现金转化率经营现金流/净利润 | 2.38× | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $-286.7M |
8季度趋势，按日历期对齐
经营现金流DECSR
| Q4 25 | $464.6M | $81.0M | ||
| Q3 25 | — | $-4.9M | ||
| Q2 25 | $264.1M | $129.1M | ||
| Q1 25 | — | $372.7M | ||
| Q4 24 | — | $81.1M | ||
| Q3 24 | — | $82.9M | ||
| Q2 24 | — | $270.1M | ||
| Q1 24 | — | $489.4M |
自由现金流DECSR
| Q4 25 | $280.0M | $-121.8M | ||
| Q3 25 | — | $-227.6M | ||
| Q2 25 | — | $-91.4M | ||
| Q1 25 | — | $154.1M | ||
| Q4 24 | — | $-179.5M | ||
| Q3 24 | — | $-146.9M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $306.6M |
自由现金流率DECSR
| Q4 25 | 42.0% | -16.0% | ||
| Q3 25 | — | -68.1% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | — | -50.0% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 27.2% |
资本支出强度DECSR
| Q4 25 | 27.7% | 26.6% | ||
| Q3 25 | — | 66.7% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 38.9% | ||
| Q3 24 | — | 78.2% | ||
| Q2 24 | — | 53.7% | ||
| Q1 24 | — | 16.2% |
现金转化率DECSR
| Q4 25 | 2.38× | 0.85× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.89× | 6.18× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.40× |
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
DEC
暂无分部数据
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
