vs
Diversified Energy Co（DEC）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是Diversified Energy Co的1.0倍（$677.3M vs $666.5M），Diversified Energy Co净利率更高（29.3% vs 14.7%，领先14.6%），Diversified Energy Co自由现金流更多（$280.0M vs $6.6M）
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。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
DEC vs WTS — 直观对比
营收规模更大
WTS
是对方的1.0倍
$666.5M
净利率更高
DEC
高出14.6%
14.7%
自由现金流更多
DEC
多$273.4M
$6.6M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $666.5M | $677.3M |
| 净利润 | $195.5M | $99.6M |
| 毛利率 | — | 48.1% |
| 营业利润率 | 37.6% | 19.6% |
| 净利率 | 29.3% | 14.7% |
| 营收同比 | — | 21.4% |
| 净利润同比 | — | 34.6% |
| 每股收益（稀释后） | — | $2.97 |
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DECWTS
| Q1 26 | — | $677.3M | ||
| Q4 25 | $666.5M | $625.1M | ||
| Q3 25 | $499.8M | $611.7M | ||
| Q2 25 | $600.3M | $643.7M | ||
| Q1 25 | — | $558.0M | ||
| Q4 24 | — | $540.4M | ||
| Q3 24 | — | $543.6M | ||
| Q2 24 | — | $597.3M |
净利润DECWTS
| Q1 26 | — | $99.6M | ||
| Q4 25 | $195.5M | $83.7M | ||
| Q3 25 | $171.1M | $82.2M | ||
| Q2 25 | $297.7M | $100.9M | ||
| Q1 25 | — | $74.0M | ||
| Q4 24 | — | $67.5M | ||
| Q3 24 | — | $69.1M | ||
| Q2 24 | — | $82.0M |
毛利率DECWTS
| Q1 26 | — | 48.1% | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | 44.7% | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% |
营业利润率DECWTS
| Q1 26 | — | 19.6% | ||
| Q4 25 | 37.6% | 18.2% | ||
| Q3 25 | 36.2% | 18.2% | ||
| Q2 25 | 48.5% | 21.0% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 18.7% |
净利率DECWTS
| Q1 26 | — | 14.7% | ||
| Q4 25 | 29.3% | 13.4% | ||
| Q3 25 | 34.2% | 13.4% | ||
| Q2 25 | 49.6% | 15.7% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 13.7% |
每股收益（稀释后）DECWTS
| Q1 26 | — | $2.97 | ||
| Q4 25 | — | $2.50 | ||
| Q3 25 | $2.14 | $2.45 | ||
| Q2 25 | $3.67 | $3.01 | ||
| Q1 25 | — | $2.21 | ||
| Q4 24 | — | $2.02 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | — | $2.44 |
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 | $374.7M |
| 总债务越低越好 | $2.7B | $197.8M |
| 股东权益账面价值 | $984.1M | $2.1B |
| 总资产 | $6.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 2.76× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资DECWTS
| Q1 26 | — | $374.7M | ||
| Q4 25 | $29.7M | $405.5M | ||
| Q3 25 | — | $457.7M | ||
| Q2 25 | $23.7M | $369.3M | ||
| Q1 25 | — | $336.8M | ||
| Q4 24 | — | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | — | $279.4M |
总债务DECWTS
| Q1 26 | — | $197.8M | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DECWTS
| Q1 26 | — | $2.1B | ||
| Q4 25 | $984.1M | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $727.7M | $1.9B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.6B |
总资产DECWTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | $5.7B | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
负债/权益比DECWTS
| Q1 26 | — | 0.09× | ||
| 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 | $17.9M |
| 自由现金流经营现金流 - 资本支出 | $280.0M | $6.6M |
| 自由现金流率自由现金流/营收 | 42.0% | 1.0% |
| 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× | 0.18× |
| 过去12个月自由现金流最近4个季度 | — | $317.3M |
8季度趋势，按日历期对齐
经营现金流DECWTS
| Q1 26 | — | $17.9M | ||
| Q4 25 | $464.6M | $154.7M | ||
| Q3 25 | — | $122.4M | ||
| Q2 25 | $264.1M | $69.7M | ||
| Q1 25 | — | $55.2M | ||
| Q4 24 | — | $139.5M | ||
| Q3 24 | — | $90.7M | ||
| Q2 24 | — | $85.3M |
自由现金流DECWTS
| Q1 26 | — | $6.6M | ||
| Q4 25 | $280.0M | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M |
自由现金流率DECWTS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 42.0% | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% |
资本支出强度DECWTS
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% |
现金转化率DECWTS
| Q1 26 | — | 0.18× | ||
| Q4 25 | 2.38× | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 0.89× | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.04× |
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
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
