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Diversified Energy Co（DEC）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是Diversified Energy Co的1.0倍（$693.4M vs $666.5M），Diversified Energy Co净利率更高（29.3% vs 13.5%，领先15.8%），Diversified Energy Co自由现金流更多（$280.0M vs $183.6M）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
DEC vs WMS — 直观对比
营收规模更大
WMS
是对方的1.0倍
$666.5M
净利率更高
DEC
高出15.8%
13.5%
自由现金流更多
DEC
多$96.4M
$183.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $666.5M | $693.4M |
| 净利润 | $195.5M | $93.6M |
| 毛利率 | — | 37.4% |
| 营业利润率 | 37.6% | 19.7% |
| 净利率 | 29.3% | 13.5% |
| 营收同比 | — | 0.4% |
| 净利润同比 | — | 15.3% |
| 每股收益（稀释后） | — | $1.19 |
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DECWMS
| Q4 25 | $666.5M | $693.4M | ||
| Q3 25 | $499.8M | $850.4M | ||
| Q2 25 | $600.3M | $829.9M | ||
| Q1 25 | — | $615.8M | ||
| Q4 24 | — | $690.5M | ||
| Q3 24 | — | $782.6M | ||
| Q2 24 | — | $815.3M | ||
| Q1 24 | — | $653.8M |
净利润DECWMS
| Q4 25 | $195.5M | $93.6M | ||
| Q3 25 | $171.1M | $156.0M | ||
| Q2 25 | $297.7M | $143.9M | ||
| Q1 25 | — | $77.2M | ||
| Q4 24 | — | $81.2M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $94.8M |
毛利率DECWMS
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 40.0% | ||
| Q2 25 | 44.7% | 39.8% | ||
| Q1 25 | — | 36.7% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.5% |
营业利润率DECWMS
| Q4 25 | 37.6% | 19.7% | ||
| Q3 25 | 36.2% | 26.3% | ||
| Q2 25 | 48.5% | 24.8% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 27.7% | ||
| Q1 24 | — | 20.7% |
净利率DECWMS
| Q4 25 | 29.3% | 13.5% | ||
| Q3 25 | 34.2% | 18.3% | ||
| Q2 25 | 49.6% | 17.3% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 19.8% | ||
| Q1 24 | — | 14.5% |
每股收益（稀释后）DECWMS
| Q4 25 | — | $1.19 | ||
| Q3 25 | $2.14 | $1.99 | ||
| Q2 25 | $3.67 | $1.84 | ||
| Q1 25 | — | $0.99 | ||
| Q4 24 | — | $1.04 | ||
| Q3 24 | — | $1.67 | ||
| Q2 24 | — | $2.06 | ||
| Q1 24 | — | $1.22 |
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 | $1.0B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $984.1M | $1.9B |
| 总资产 | $6.2B | $4.1B |
| 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DECWMS
| Q4 25 | $29.7M | $1.0B | ||
| Q3 25 | — | $812.9M | ||
| Q2 25 | $23.7M | $638.3M | ||
| Q1 25 | — | $463.3M | ||
| Q4 24 | — | $488.9M | ||
| Q3 24 | — | $613.0M | ||
| Q2 24 | — | $541.6M | ||
| Q1 24 | — | $490.2M |
总债务DECWMS
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.3B |
股东权益DECWMS
| Q4 25 | $984.1M | $1.9B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $727.7M | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产DECWMS
| Q4 25 | $6.2B | $4.1B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | $5.7B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.3B |
负债/权益比DECWMS
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $280.0M | $183.6M |
| 自由现金流率自由现金流/营收 | 42.0% | 26.5% |
| 资本支出强度资本支出/营收 | 27.7% | 12.4% |
| 现金转化率经营现金流/净利润 | 2.38× | 2.88× |
| 过去12个月自由现金流最近4个季度 | — | $577.1M |
8季度趋势，按日历期对齐
经营现金流DECWMS
| Q4 25 | $464.6M | $269.3M | ||
| Q3 25 | — | $234.9M | ||
| Q2 25 | $264.1M | $275.0M | ||
| Q1 25 | — | $41.2M | ||
| Q4 24 | — | $189.9M | ||
| Q3 24 | — | $166.9M | ||
| Q2 24 | — | $183.4M | ||
| Q1 24 | — | $17.7M |
自由现金流DECWMS
| Q4 25 | $280.0M | $183.6M | ||
| Q3 25 | — | $176.4M | ||
| Q2 25 | — | $222.4M | ||
| Q1 25 | — | $-5.3M | ||
| Q4 24 | — | $135.7M | ||
| Q3 24 | — | $112.4M | ||
| Q2 24 | — | $125.7M | ||
| Q1 24 | — | $-29.8M |
自由现金流率DECWMS
| Q4 25 | 42.0% | 26.5% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 26.8% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 19.7% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | -4.6% |
资本支出强度DECWMS
| Q4 25 | 27.7% | 12.4% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 7.3% |
现金转化率DECWMS
| Q4 25 | 2.38× | 2.88× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | 0.89× | 1.91× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.19× |
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
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
