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Diversified Energy Co（DEC）与VORNADO REALTY TRUST（VNO）财务数据对比。点击上方公司名可切换其他公司
Diversified Energy Co的季度营收约是VORNADO REALTY TRUST的1.5倍（$666.5M vs $453.7M），Diversified Energy Co净利率更高（29.3% vs 1.1%，领先28.2%）
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。
Vornado Realty Trust是1982年于美国马里兰州注册成立的房地产投资信托，总部设立在纽约市，核心业务为投资曼哈顿核心区域的优质写字楼及临街零售商业地产，是纽约当地颇具影响力的商业地产投资运营机构。
DEC vs VNO — 直观对比
营收规模更大
DEC
是对方的1.5倍
$453.7M
净利率更高
DEC
高出28.2%
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $666.5M | $453.7M |
| 净利润 | $195.5M | $4.9M |
| 毛利率 | — | — |
| 营业利润率 | 37.6% | 2.8% |
| 净利率 | 29.3% | 1.1% |
| 营收同比 | — | -0.9% |
| 净利润同比 | — | -14.7% |
| 每股收益（稀释后） | — | $0.01 |
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DECVNO
| Q4 25 | $666.5M | $453.7M | ||
| Q3 25 | $499.8M | $453.7M | ||
| Q2 25 | $600.3M | $441.4M | ||
| Q1 25 | — | $461.6M | ||
| Q4 24 | — | $457.8M | ||
| Q3 24 | — | $443.3M | ||
| Q2 24 | — | $450.3M | ||
| Q1 24 | — | $436.4M |
净利润DECVNO
| Q4 25 | $195.5M | $4.9M | ||
| Q3 25 | $171.1M | $27.1M | ||
| Q2 25 | $297.7M | $759.3M | ||
| Q1 25 | — | $102.4M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | — | $-3.6M | ||
| Q2 24 | — | $50.8M | ||
| Q1 24 | — | $6.5M |
毛利率DECVNO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DECVNO
| Q4 25 | 37.6% | 2.8% | ||
| Q3 25 | 36.2% | 3.0% | ||
| Q2 25 | 48.5% | — | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | -3.3% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 0.1% |
净利率DECVNO
| Q4 25 | 29.3% | 1.1% | ||
| Q3 25 | 34.2% | 6.0% | ||
| Q2 25 | 49.6% | 172.0% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 1.5% |
每股收益（稀释后）DECVNO
| Q4 25 | — | $0.01 | ||
| Q3 25 | $2.14 | $0.06 | ||
| Q2 25 | $3.67 | $3.70 | ||
| Q1 25 | — | $0.43 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $-0.05 |
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 | $840.9M |
| 总债务越低越好 | $2.7B | $2.3B |
| 股东权益账面价值 | $984.1M | $6.0B |
| 总资产 | $6.2B | $15.5B |
| 负债/权益比越低杠杆越低 | 2.76× | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资DECVNO
| Q4 25 | $29.7M | $840.9M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $23.7M | $1.2B | ||
| Q1 25 | — | $568.9M | ||
| Q4 24 | — | $733.9M | ||
| Q3 24 | — | $783.6M | ||
| Q2 24 | — | $872.6M | ||
| Q1 24 | — | $892.7M |
总债务DECVNO
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.6B |
股东权益DECVNO
| Q4 25 | $984.1M | $6.0B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $727.7M | $6.1B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.6B | ||
| Q1 24 | — | $5.5B |
总资产DECVNO
| Q4 25 | $6.2B | $15.5B | ||
| Q3 25 | — | $15.7B | ||
| Q2 25 | $5.7B | $15.6B | ||
| Q1 25 | — | $15.6B | ||
| Q4 24 | — | $16.0B | ||
| Q3 24 | — | $16.1B | ||
| Q2 24 | — | $16.2B | ||
| Q1 24 | — | $16.2B |
负债/权益比DECVNO
| Q4 25 | 2.76× | 0.38× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.46× |
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 | $1.3B |
| 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× | 256.08× |
| 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DECVNO
| Q4 25 | $464.6M | $1.3B | ||
| Q3 25 | — | $33.2M | ||
| Q2 25 | $264.1M | $1.0B | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $537.7M | ||
| Q3 24 | — | $105.4M | ||
| Q2 24 | — | $194.7M | ||
| Q1 24 | — | $31.5M |
自由现金流DECVNO
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DECVNO
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DECVNO
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DECVNO
| Q4 25 | 2.38× | 256.08× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | 0.89× | 1.35× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 93.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.83× | ||
| Q1 24 | — | 4.85× |
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
VNO
| New York Segment | $374.8M | 83% |
| Building Maintenance Service | $41.2M | 9% |
| Other | $27.7M | 6% |
| Tenant Services | $11.1M | 2% |
| Management And Leasing Fees | $2.6M | 1% |
