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DTE Energy（DTE）与网易（NTES）财务数据对比。点击上方公司名可切换其他公司
DTE Energy的季度营收约是网易的1.1倍（$4.4B vs $4.0B），网易净利率更高（31.0% vs 8.3%，领先22.7%），过去两年DTE Energy的营收复合增速更高（16.9% vs 9.7%）
DTE Energy是总部位于美国底特律的多元化能源企业，业务范围覆盖美国和加拿大，专注于能源相关业务及服务的开发与运营。旗下运营板块包括密歇根州的电力及天然气公用事业公司，分别服务220万和130万用户。
网易由丁磊于1997年6月创立，是全球规模领先的互联网与网络游戏企业之一。公司核心业务涵盖PC及移动端网络游戏的研发与发行，同时布局广告服务、电子邮箱服务及电商平台等多元业务板块。
DTE vs NTES — 直观对比
营收规模更大
DTE
是对方的1.1倍
$4.0B
净利率更高
NTES
高出22.7%
8.3%
两年增速更快
DTE
近两年复合增速
9.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $4.0B |
| 净利润 | $369.0M | $1.2B |
| 毛利率 | — | 64.1% |
| 营业利润率 | 15.9% | 28.3% |
| 净利率 | 8.3% | 31.0% |
| 营收同比 | 28.9% | — |
| 净利润同比 | 26.4% | — |
| 每股收益（稀释后） | $1.78 | — |
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DTENTES
| Q4 25 | $4.4B | — | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.4B | $3.9B | ||
| Q1 25 | $4.4B | $4.0B | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $2.9B | $3.7B | ||
| Q2 24 | $2.9B | $3.5B | ||
| Q1 24 | $3.2B | $3.7B |
净利润DTENTES
| Q4 25 | $369.0M | — | ||
| Q3 25 | $419.0M | $1.2B | ||
| Q2 25 | $229.0M | $1.3B | ||
| Q1 25 | $445.0M | $1.5B | ||
| Q4 24 | $292.0M | — | ||
| Q3 24 | $477.0M | $955.7M | ||
| Q2 24 | $322.0M | $939.6M | ||
| Q1 24 | $313.0M | $1.1B |
毛利率DTENTES
| Q4 25 | — | — | ||
| Q3 25 | — | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.9% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 63.4% |
营业利润率DTENTES
| Q4 25 | 15.9% | — | ||
| Q3 25 | 17.6% | 28.3% | ||
| Q2 25 | 12.5% | 32.5% | ||
| Q1 25 | 14.1% | 36.2% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 17.8% | 27.3% | ||
| Q2 24 | 17.5% | 27.4% | ||
| Q1 24 | 16.0% | 28.4% |
净利率DTENTES
| Q4 25 | 8.3% | — | ||
| Q3 25 | 11.9% | 31.0% | ||
| Q2 25 | 6.7% | 32.6% | ||
| Q1 25 | 10.0% | 36.6% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 16.4% | 25.6% | ||
| Q2 24 | 11.2% | 26.8% | ||
| Q1 24 | 9.7% | 29.1% |
每股收益（稀释后）DTENTES
| Q4 25 | $1.78 | — | ||
| Q3 25 | $2.01 | — | ||
| Q2 25 | $1.10 | — | ||
| Q1 25 | $2.14 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $2.30 | — | ||
| Q2 24 | $1.55 | — | ||
| Q1 24 | $1.51 | — |
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 | $208.0M | $31.3B |
| 总债务越低越好 | $23.8B | — |
| 股东权益账面价值 | $12.3B | $160.8B |
| 总资产 | $54.1B | $214.5B |
| 负债/权益比越低杠杆越低 | 1.93× | — |
8季度趋势，按日历期对齐
现金及短期投资DTENTES
| Q4 25 | $208.0M | — | ||
| Q3 25 | $34.0M | $31.3B | ||
| Q2 25 | $32.0M | $54.4B | ||
| Q1 25 | $33.0M | $41.7B | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $969.0M | $20.2B | ||
| Q2 24 | $20.0M | $19.0B | ||
| Q1 24 | $292.0M | $43.0B |
总债务DTENTES
| Q4 25 | $23.8B | — | ||
| Q3 25 | $24.5B | — | ||
| Q2 25 | $22.9B | — | ||
| Q1 25 | $21.8B | — | ||
| Q4 24 | $20.7B | — | ||
| Q3 24 | $20.5B | — | ||
| Q2 24 | $19.3B | — | ||
| Q1 24 | $19.2B | — |
股东权益DTENTES
| Q4 25 | $12.3B | — | ||
| Q3 25 | $12.2B | $160.8B | ||
| Q2 25 | $11.7B | $154.0B | ||
| Q1 25 | $11.9B | $147.8B | ||
| Q4 24 | $11.7B | — | ||
| Q3 24 | $11.6B | $135.6B | ||
| Q2 24 | $11.1B | $134.2B | ||
| Q1 24 | $11.2B | $130.5B |
总资产DTENTES
| Q4 25 | $54.1B | — | ||
| Q3 25 | $52.0B | $214.5B | ||
| Q2 25 | $50.2B | $208.5B | ||
| Q1 25 | $49.6B | $200.9B | ||
| Q4 24 | $48.8B | — | ||
| Q3 24 | $49.8B | $184.9B | ||
| Q2 24 | $47.8B | $183.3B | ||
| Q1 24 | $45.9B | $195.1B |
负债/权益比DTENTES
| Q4 25 | 1.93× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.72× | — |
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 | $1.0B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | — | $1.8B |
| 自由现金流率自由现金流/营收 | — | 44.7% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 2.84× | 1.47× |
| 过去12个月自由现金流最近4个季度 | — | $6.3B |
8季度趋势，按日历期对齐
经营现金流DTENTES
| Q4 25 | $1.0B | — | ||
| Q3 25 | $632.0M | $1.8B | ||
| Q2 25 | $709.0M | $1.5B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $758.0M | $1.5B | ||
| Q2 24 | $759.0M | $898.8M | ||
| Q1 24 | $1.0B | $1.3B |
自由现金流DTENTES
| Q4 25 | — | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $875.6M | ||
| Q1 24 | — | $1.3B |
自由现金流率DTENTES
| Q4 25 | — | — | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 38.3% | ||
| Q1 25 | — | 40.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 38.9% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 34.0% |
资本支出强度DTENTES
| Q4 25 | — | — | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.5% |
现金转化率DTENTES
| Q4 25 | 2.84× | — | ||
| Q3 25 | 1.51× | 1.47× | ||
| Q2 25 | 3.10× | 1.20× | ||
| Q1 25 | 2.29× | 1.15× | ||
| Q4 24 | 3.71× | — | ||
| Q3 24 | 1.59× | 1.58× | ||
| Q2 24 | 2.36× | 0.96× | ||
| Q1 24 | 3.33× | 1.22× |
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
DTE
| Electric Segment | $1.8B | 40% |
| Residential | $723.0M | 16% |
| Gas Segment | $651.0M | 15% |
| Commercial | $524.0M | 12% |
| Other | $333.0M | 8% |
| DTE Vantage Segment | $176.0M | 4% |
| Industrial | $159.0M | 4% |
| End User Transportation | $69.0M | 2% |
| Intermediate Transportation | $25.0M | 1% |
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
