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HF Sinclair Corp（DINO）与Eversource Energy（ES）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Eversource Energy的1.9倍（$6.5B vs $3.4B），Eversource Energy净利率更高（12.6% vs -0.4%，领先13.0%），Eversource Energy同比增速更快（13.4% vs -0.6%），Eversource Energy自由现金流更多（$-67.3M vs $-123.0M），过去两年Eversource Energy的营收复合增速更高（0.6% 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。
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
DINO vs ES — 直观对比
营收规模更大
DINO
是对方的1.9倍
$3.4B
营收增速更快
ES
高出14.0%
-0.6%
净利率更高
ES
高出13.0%
-0.4%
自由现金流更多
ES
多$55.7M
$-123.0M
两年增速更快
ES
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $3.4B |
| 净利润 | $-28.0M | $423.2M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 21.1% |
| 净利率 | -0.4% | 12.6% |
| 营收同比 | -0.6% | 13.4% |
| 净利润同比 | 86.9% | 468.8% |
| 每股收益（稀释后） | $-0.15 | $1.11 |
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DINOES
| Q4 25 | $6.5B | $3.4B | ||
| Q3 25 | $7.3B | $3.2B | ||
| Q2 25 | $6.8B | $2.8B | ||
| Q1 25 | $6.4B | $4.1B | ||
| Q4 24 | $6.5B | $3.0B | ||
| Q3 24 | $7.2B | $3.1B | ||
| Q2 24 | $7.8B | $2.5B | ||
| Q1 24 | $7.0B | $3.3B |
净利润DINOES
| Q4 25 | $-28.0M | $423.2M | ||
| Q3 25 | $403.0M | $369.4M | ||
| Q2 25 | $208.0M | $354.6M | ||
| Q1 25 | $-4.0M | $552.7M | ||
| Q4 24 | $-213.5M | $74.4M | ||
| Q3 24 | $-75.9M | $-116.2M | ||
| Q2 24 | $151.8M | $337.2M | ||
| Q1 24 | $314.7M | $523.7M |
毛利率DINOES
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 15.7% | — |
营业利润率DINOES
| Q4 25 | 0.1% | 21.1% | ||
| Q3 25 | 7.8% | 21.4% | ||
| Q2 25 | 4.1% | 23.4% | ||
| Q1 25 | 1.3% | 22.5% | ||
| Q4 24 | -3.5% | 11.7% | ||
| Q3 24 | -1.7% | 20.0% | ||
| Q2 24 | 2.5% | 23.8% | ||
| Q1 24 | 5.8% | 25.4% |
净利率DINOES
| Q4 25 | -0.4% | 12.6% | ||
| Q3 25 | 5.6% | 11.5% | ||
| Q2 25 | 3.1% | 12.5% | ||
| Q1 25 | -0.1% | 13.4% | ||
| Q4 24 | -3.3% | 2.5% | ||
| Q3 24 | -1.1% | -3.8% | ||
| Q2 24 | 1.9% | 13.3% | ||
| Q1 24 | 4.5% | 15.7% |
每股收益（稀释后）DINOES
| Q4 25 | $-0.15 | $1.11 | ||
| Q3 25 | $2.15 | $0.99 | ||
| Q2 25 | $1.10 | $0.96 | ||
| Q1 25 | $-0.02 | $1.50 | ||
| Q4 24 | $-1.05 | $0.16 | ||
| Q3 24 | $-0.40 | $-0.33 | ||
| Q2 24 | $0.79 | $0.95 | ||
| Q1 24 | $1.57 | $1.49 |
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 | $135.4M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $9.2B | $16.2B |
| 总资产 | $16.5B | $63.8B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资DINOES
| Q4 25 | $978.0M | $135.4M | ||
| Q3 25 | $1.5B | $259.3M | ||
| Q2 25 | $874.0M | $343.7M | ||
| Q1 25 | $547.0M | $111.4M | ||
| Q4 24 | $800.0M | $26.7M | ||
| Q3 24 | $1.2B | $97.9M | ||
| Q2 24 | $866.3M | — | ||
| Q1 24 | $1.2B | — |
总债务DINOES
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DINOES
| Q4 25 | $9.2B | $16.2B | ||
| Q3 25 | $9.4B | $16.0B | ||
| Q2 25 | $9.3B | $15.7B | ||
| Q1 25 | $9.2B | $15.3B | ||
| Q4 24 | $9.3B | $15.0B | ||
| Q3 24 | $9.6B | $15.0B | ||
| Q2 24 | $9.9B | $14.8B | ||
| Q1 24 | $10.2B | $14.5B |
总资产DINOES
| Q4 25 | $16.5B | $63.8B | ||
| Q3 25 | $17.3B | $61.7B | ||
| Q2 25 | $16.8B | $61.0B | ||
| Q1 25 | $16.5B | $60.2B | ||
| Q4 24 | $16.6B | $59.6B | ||
| Q3 24 | $16.9B | $58.6B | ||
| Q2 24 | $17.4B | $58.4B | ||
| Q1 24 | $17.9B | $57.3B |
负债/权益比DINOES
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| 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 | $8.0M | $916.1M |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | $-67.3M |
| 自由现金流率自由现金流/营收 | -1.9% | -2.0% |
| 资本支出强度资本支出/营收 | 2.0% | 29.2% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $866.0M | $-45.1M |
8季度趋势，按日历期对齐
经营现金流DINOES
| Q4 25 | $8.0M | $916.1M | ||
| Q3 25 | $809.0M | $1.1B | ||
| Q2 25 | $587.0M | $1.1B | ||
| Q1 25 | $-89.0M | $1.0B | ||
| Q4 24 | $-140.4M | $642.1M | ||
| Q3 24 | $707.6M | $555.6M | ||
| Q2 24 | $225.9M | $670.7M | ||
| Q1 24 | $316.9M | $291.3M |
自由现金流DINOES
| Q4 25 | $-123.0M | $-67.3M | ||
| Q3 25 | $688.0M | $-26.3M | ||
| Q2 25 | $476.0M | $15.3M | ||
| Q1 25 | $-175.0M | $33.2M | ||
| Q4 24 | $-313.5M | $-546.5M | ||
| Q3 24 | $584.0M | $-515.4M | ||
| Q2 24 | $141.7M | $-400.8M | ||
| Q1 24 | $227.8M | $-858.1M |
自由现金流率DINOES
| Q4 25 | -1.9% | -2.0% | ||
| Q3 25 | 9.5% | -0.8% | ||
| Q2 25 | 7.0% | 0.5% | ||
| Q1 25 | -2.7% | 0.8% | ||
| Q4 24 | -4.8% | -18.4% | ||
| Q3 24 | 8.1% | -16.8% | ||
| Q2 24 | 1.8% | -15.8% | ||
| Q1 24 | 3.2% | -25.7% |
资本支出强度DINOES
| Q4 25 | 2.0% | 29.2% | ||
| Q3 25 | 1.7% | 35.0% | ||
| Q2 25 | 1.6% | 36.7% | ||
| Q1 25 | 1.4% | 24.5% | ||
| Q4 24 | 2.7% | 40.0% | ||
| Q3 24 | 1.7% | 35.0% | ||
| Q2 24 | 1.1% | 42.3% | ||
| Q1 24 | 1.3% | 34.5% |
现金转化率DINOES
| Q4 25 | — | 2.16× | ||
| Q3 25 | 2.01× | 2.98× | ||
| Q2 25 | 2.82× | 2.98× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 8.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.49× | 1.99× | ||
| Q1 24 | 1.01× | 0.56× |
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% |
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
