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HF Sinclair Corp（DINO）与ENBRIDGE INC（ENB）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是ENBRIDGE INC的1.1倍（$6.5B vs $5.7B）。ENBRIDGE INC净利率更高（26.2% vs -0.4%，领先26.7%）。ENBRIDGE INC同比增速更快（5.3% vs -0.6%）。ENBRIDGE INC自由现金流更多（$2.4B vs $-123.0M）。过去两年ENBRIDGE INC的营收复合增速更高（7.6% vs -4.1%）
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
DINO vs ENB — 直观对比
营收规模更大
DINO
是对方的1.1倍
$5.7B
营收增速更快
ENB
高出5.9%
-0.6%
净利率更高
ENB
高出26.7%
-0.4%
自由现金流更多
ENB
多$2.5B
$-123.0M
两年增速更快
ENB
近两年复合增速
-4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $5.7B |
| 净利润 | $-28.0M | $1.5B |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 34.7% |
| 净利率 | -0.4% | 26.2% |
| 营收同比 | -0.6% | 5.3% |
| 净利润同比 | 86.9% | 246.2% |
| 每股收益（稀释后） | $-0.15 | — |
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DINOENB
| Q4 25 | $6.5B | $5.7B | ||
| Q3 25 | $7.3B | $4.5B | ||
| Q2 25 | $6.8B | $4.8B | ||
| Q1 25 | $6.4B | $6.4B | ||
| Q4 24 | $6.5B | $5.4B | ||
| Q3 24 | $7.2B | $4.2B | ||
| Q2 24 | $7.8B | $4.3B | ||
| Q1 24 | $7.0B | $4.9B |
净利润DINOENB
| Q4 25 | $-28.0M | $1.5B | ||
| Q3 25 | $403.0M | $575.2M | ||
| Q2 25 | $208.0M | $1.7B | ||
| Q1 25 | $-4.0M | $1.7B | ||
| Q4 24 | $-213.5M | $434.4M | ||
| Q3 24 | $-75.9M | $1.0B | ||
| Q2 24 | $151.8M | $1.4B | ||
| Q1 24 | $314.7M | $1.1B |
毛利率DINOENB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | 15.7% | 26.2% |
营业利润率DINOENB
| Q4 25 | 0.1% | 34.7% | ||
| Q3 25 | 7.8% | 36.9% | ||
| Q2 25 | 4.1% | 35.1% | ||
| Q1 25 | 1.3% | 41.7% | ||
| Q4 24 | -3.5% | 32.8% | ||
| Q3 24 | -1.7% | 38.7% | ||
| Q2 24 | 2.5% | 38.3% | ||
| Q1 24 | 5.8% | 40.0% |
净利率DINOENB
| Q4 25 | -0.4% | 26.2% | ||
| Q3 25 | 5.6% | 12.8% | ||
| Q2 25 | 3.1% | 34.9% | ||
| Q1 25 | -0.1% | 26.8% | ||
| Q4 24 | -3.3% | 8.0% | ||
| Q3 24 | -1.1% | 24.3% | ||
| Q2 24 | 1.9% | 32.8% | ||
| Q1 24 | 4.5% | 22.3% |
每股收益（稀释后）DINOENB
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $2.15 | — | ||
| Q2 25 | $1.10 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-1.05 | — | ||
| Q3 24 | $-0.40 | — | ||
| Q2 24 | $0.79 | — | ||
| Q1 24 | $1.57 | — |
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 | $978.0M | $798.6M |
| 总债务越低越好 | $2.8B | $72.2B |
| 股东权益账面价值 | $9.2B | $45.5B |
| 总资产 | $16.5B | $159.5B |
| 负债/权益比越低杠杆越低 | 0.30× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资DINOENB
| Q4 25 | $978.0M | $798.6M | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $874.0M | $878.2M | ||
| Q1 25 | $547.0M | $1.5B | ||
| Q4 24 | $800.0M | $1.3B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $866.3M | $2.6B | ||
| Q1 24 | $1.2B | $886.2M |
总债务DINOENB
| Q4 25 | $2.8B | $72.2B | ||
| Q3 25 | $2.8B | $73.4B | ||
| Q2 25 | $2.7B | $70.8B | ||
| Q1 25 | $2.7B | $70.9B | ||
| Q4 24 | $2.6B | $68.2B | ||
| Q3 24 | — | $63.7B | ||
| Q2 24 | — | $62.2B | ||
| Q1 24 | — | $59.4B |
股东权益DINOENB
| Q4 25 | $9.2B | $45.5B | ||
| Q3 25 | $9.4B | $47.6B | ||
| Q2 25 | $9.3B | $47.8B | ||
| Q1 25 | $9.2B | $49.8B | ||
| Q4 24 | $9.3B | $48.1B | ||
| Q3 24 | $9.6B | $48.0B | ||
| Q2 24 | $9.9B | $49.1B | ||
| Q1 24 | $10.2B | $46.9B |
总资产DINOENB
| Q4 25 | $16.5B | $159.5B | ||
| Q3 25 | $17.3B | $158.4B | ||
| Q2 25 | $16.8B | $154.5B | ||
| Q1 25 | $16.5B | $160.6B | ||
| Q4 24 | $16.6B | $159.9B | ||
| Q3 24 | $16.9B | $150.2B | ||
| Q2 24 | $17.4B | $146.9B | ||
| Q1 24 | $17.9B | $139.2B |
负债/权益比DINOENB
| Q4 25 | 0.30× | 1.59× | ||
| Q3 25 | 0.29× | 1.54× | ||
| Q2 25 | 0.29× | 1.48× | ||
| Q1 25 | 0.29× | 1.42× | ||
| Q4 24 | 0.29× | 1.42× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.27× |
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 | $8.0M | $9.0B |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | $2.4B |
| 自由现金流率自由现金流/营收 | -1.9% | 42.0% |
| 资本支出强度资本支出/营收 | 2.0% | 114.3% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | $866.0M | — |
8季度趋势，按日历期对齐
经营现金流DINOENB
| Q4 25 | $8.0M | $9.0B | ||
| Q3 25 | $809.0M | — | ||
| Q2 25 | $587.0M | — | ||
| Q1 25 | $-89.0M | $2.2B | ||
| Q4 24 | $-140.4M | $9.2B | ||
| Q3 24 | $707.6M | — | ||
| Q2 24 | $225.9M | — | ||
| Q1 24 | $316.9M | $2.3B |
自由现金流DINOENB
| Q4 25 | $-123.0M | $2.4B | ||
| Q3 25 | $688.0M | — | ||
| Q2 25 | $476.0M | — | ||
| Q1 25 | $-175.0M | $970.9M | ||
| Q4 24 | $-313.5M | $4.3B | ||
| Q3 24 | $584.0M | — | ||
| Q2 24 | $141.7M | — | ||
| Q1 24 | $227.8M | $1.4B |
自由现金流率DINOENB
| Q4 25 | -1.9% | 42.0% | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | -2.7% | 15.1% | ||
| Q4 24 | -4.8% | 79.0% | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 3.2% | 29.0% |
资本支出强度DINOENB
| Q4 25 | 2.0% | 114.3% | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.4% | 19.6% | ||
| Q4 24 | 2.7% | 90.1% | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.3% | 17.5% |
现金转化率DINOENB
| Q4 25 | — | 5.96× | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 1.01× | 2.08× |
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
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
ENB
暂无分部数据
