vs
Diversified Energy Co（DEC）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是Diversified Energy Co的1.4倍（$932.4M vs $666.5M），Diversified Energy Co净利率更高（29.3% vs 24.2%，领先5.2%）
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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
DEC vs WAT — 直观对比
营收规模更大
WAT
是对方的1.4倍
$666.5M
净利率更高
DEC
高出5.2%
24.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $666.5M | $932.4M |
| 净利润 | $195.5M | $225.2M |
| 毛利率 | — | 61.1% |
| 营业利润率 | 37.6% | 29.0% |
| 净利率 | 29.3% | 24.2% |
| 营收同比 | — | 6.8% |
| 净利润同比 | — | -2.7% |
| 每股收益（稀释后） | — | $3.76 |
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DECWAT
| Q4 25 | $666.5M | $932.4M | ||
| Q3 25 | $499.8M | $799.9M | ||
| Q2 25 | $600.3M | $771.3M | ||
| Q1 25 | — | $661.7M | ||
| Q4 24 | — | $872.7M | ||
| Q3 24 | — | $740.3M | ||
| Q2 24 | — | $708.5M | ||
| Q1 24 | — | $636.8M |
净利润DECWAT
| Q4 25 | $195.5M | $225.2M | ||
| Q3 25 | $171.1M | $148.9M | ||
| Q2 25 | $297.7M | $147.1M | ||
| Q1 25 | — | $121.4M | ||
| Q4 24 | — | $231.4M | ||
| Q3 24 | — | $161.5M | ||
| Q2 24 | — | $142.7M | ||
| Q1 24 | — | $102.2M |
毛利率DECWAT
| Q4 25 | — | 61.1% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | 44.7% | 58.3% | ||
| Q1 25 | — | 58.2% | ||
| Q4 24 | — | 60.1% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.3% | ||
| Q1 24 | — | 58.9% |
营业利润率DECWAT
| Q4 25 | 37.6% | 29.0% | ||
| Q3 25 | 36.2% | 24.0% | ||
| Q2 25 | 48.5% | 24.4% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | — | 33.5% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 21.0% |
净利率DECWAT
| Q4 25 | 29.3% | 24.2% | ||
| Q3 25 | 34.2% | 18.6% | ||
| Q2 25 | 49.6% | 19.1% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 16.0% |
每股收益（稀释后）DECWAT
| Q4 25 | — | $3.76 | ||
| Q3 25 | $2.14 | $2.50 | ||
| Q2 25 | $3.67 | $2.47 | ||
| Q1 25 | — | $2.03 | ||
| Q4 24 | — | $3.88 | ||
| Q3 24 | — | $2.71 | ||
| Q2 24 | — | $2.40 | ||
| Q1 24 | — | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $2.7B | $1.4B |
| 股东权益账面价值 | $984.1M | $2.6B |
| 总资产 | $6.2B | $5.1B |
| 负债/权益比越低杠杆越低 | 2.76× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资DECWAT
| Q4 25 | $29.7M | $587.8M | ||
| Q3 25 | — | $459.1M | ||
| Q2 25 | $23.7M | $367.2M | ||
| Q1 25 | — | $382.9M | ||
| Q4 24 | — | $325.4M | ||
| Q3 24 | — | $331.5M | ||
| Q2 24 | — | $327.4M | ||
| Q1 24 | — | $338.2M |
总债务DECWAT
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DECWAT
| Q4 25 | $984.1M | $2.6B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $727.7M | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
总资产DECWAT
| Q4 25 | $6.2B | $5.1B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
负债/权益比DECWAT
| Q4 25 | 2.76× | 0.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.89× | ||
| 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 | $164.6M |
| 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× | 0.73× |
| 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DECWAT
| Q4 25 | $464.6M | $164.6M | ||
| Q3 25 | — | $187.3M | ||
| Q2 25 | $264.1M | $41.1M | ||
| Q1 25 | — | $259.6M | ||
| Q4 24 | — | $240.1M | ||
| Q3 24 | — | $204.6M | ||
| Q2 24 | — | $54.5M | ||
| Q1 24 | — | $262.9M |
自由现金流DECWAT
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DECWAT
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DECWAT
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DECWAT
| Q4 25 | 2.38× | 0.73× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | 0.89× | 0.28× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 2.57× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
