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DTE Energy（DTE）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是DTE Energy的1.0倍（$4.4B vs $4.4B），标普全球净利率更高（26.8% vs 8.3%，领先18.5%），标普全球同比增速更快（191.7% vs 28.9%），过去两年标普全球的营收复合增速更高（77.3% vs 16.9%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
DTE vs VG — 直观对比
营收规模更大
VG
是对方的1.0倍
$4.4B
营收增速更快
VG
高出162.8%
28.9%
净利率更高
VG
高出18.5%
8.3%
两年增速更快
VG
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $4.4B |
| 净利润 | $369.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 15.9% | 38.7% |
| 净利率 | 8.3% | 26.8% |
| 营收同比 | 28.9% | 191.7% |
| 净利润同比 | 26.4% | 20.3% |
| 每股收益（稀释后） | $1.78 | $0.41 |
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DTEVG
| Q4 25 | $4.4B | $4.4B | ||
| Q3 25 | $3.5B | $3.3B | ||
| Q2 25 | $3.4B | $3.1B | ||
| Q1 25 | $4.4B | $2.9B | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | $2.9B | $926.0M | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $3.2B | $1.4B |
净利润DTEVG
| Q4 25 | $369.0M | $1.2B | ||
| Q3 25 | $419.0M | $550.0M | ||
| Q2 25 | $229.0M | $475.0M | ||
| Q1 25 | $445.0M | $517.0M | ||
| Q4 24 | $292.0M | $990.0M | ||
| Q3 24 | $477.0M | $-294.0M | ||
| Q2 24 | $322.0M | $352.0M | ||
| Q1 24 | $313.0M | $698.0M |
营业利润率DTEVG
| Q4 25 | 15.9% | 38.7% | ||
| Q3 25 | 17.6% | 39.7% | ||
| Q2 25 | 12.5% | 33.5% | ||
| Q1 25 | 14.1% | 37.3% | ||
| Q4 24 | 16.2% | 39.0% | ||
| Q3 24 | 17.8% | 20.4% | ||
| Q2 24 | 17.5% | 32.8% | ||
| Q1 24 | 16.0% | 43.6% |
净利率DTEVG
| Q4 25 | 8.3% | 26.8% | ||
| Q3 25 | 11.9% | 16.5% | ||
| Q2 25 | 6.7% | 15.3% | ||
| Q1 25 | 10.0% | 17.9% | ||
| Q4 24 | 8.5% | 65.0% | ||
| Q3 24 | 16.4% | -31.7% | ||
| Q2 24 | 11.2% | 31.8% | ||
| Q1 24 | 9.7% | 49.4% |
每股收益（稀释后）DTEVG
| Q4 25 | $1.78 | $0.41 | ||
| Q3 25 | $2.01 | $0.16 | ||
| Q2 25 | $1.10 | $0.14 | ||
| Q1 25 | $2.14 | $0.15 | ||
| Q4 24 | $1.41 | $0.35 | ||
| Q3 24 | $2.30 | $-0.15 | ||
| Q2 24 | $1.55 | $0.12 | ||
| Q1 24 | $1.51 | $0.25 |
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 | $2.4B |
| 总债务越低越好 | $23.8B | $34.2B |
| 股东权益账面价值 | $12.3B | $6.7B |
| 总资产 | $54.1B | $53.4B |
| 负债/权益比越低杠杆越低 | 1.93× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资DTEVG
| Q4 25 | $208.0M | $2.4B | ||
| Q3 25 | $34.0M | $1.9B | ||
| Q2 25 | $32.0M | $2.2B | ||
| Q1 25 | $33.0M | $3.6B | ||
| Q4 24 | $24.0M | $3.6B | ||
| Q3 24 | $969.0M | — | ||
| Q2 24 | $20.0M | — | ||
| Q1 24 | $292.0M | — |
总债务DTEVG
| Q4 25 | $23.8B | $34.2B | ||
| Q3 25 | $24.5B | $32.6B | ||
| Q2 25 | $22.9B | $30.0B | ||
| Q1 25 | $21.8B | $29.3B | ||
| Q4 24 | $20.7B | $29.3B | ||
| Q3 24 | $20.5B | — | ||
| Q2 24 | $19.3B | — | ||
| Q1 24 | $19.2B | — |
股东权益DTEVG
| Q4 25 | $12.3B | $6.7B | ||
| Q3 25 | $12.2B | $5.7B | ||
| Q2 25 | $11.7B | $5.3B | ||
| Q1 25 | $11.9B | $4.9B | ||
| Q4 24 | $11.7B | $2.9B | ||
| Q3 24 | $11.6B | — | ||
| Q2 24 | $11.1B | — | ||
| Q1 24 | $11.2B | — |
总资产DTEVG
| Q4 25 | $54.1B | $53.4B | ||
| Q3 25 | $52.0B | $50.1B | ||
| Q2 25 | $50.2B | $46.5B | ||
| Q1 25 | $49.6B | $45.1B | ||
| Q4 24 | $48.8B | $43.5B | ||
| Q3 24 | $49.8B | — | ||
| Q2 24 | $47.8B | — | ||
| Q1 24 | $45.9B | — |
负债/权益比DTEVG
| Q4 25 | 1.93× | 5.07× | ||
| Q3 25 | 2.01× | 5.73× | ||
| Q2 25 | 1.96× | 5.69× | ||
| Q1 25 | 1.83× | 6.01× | ||
| Q4 24 | 1.77× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.5B |
| 自由现金流率自由现金流/营收 | — | -34.1% |
| 资本支出强度资本支出/营收 | — | 81.6% |
| 现金转化率经营现金流/净利润 | 2.84× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $-6.8B |
8季度趋势，按日历期对齐
经营现金流DTEVG
| Q4 25 | $1.0B | $2.1B | ||
| Q3 25 | $632.0M | $1.9B | ||
| Q2 25 | $709.0M | $1.5B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $758.0M | — | ||
| Q2 24 | $759.0M | — | ||
| Q1 24 | $1.0B | $638.0M |
自由现金流DTEVG
| Q4 25 | — | $-1.5B | ||
| Q3 25 | — | $-1.4B | ||
| Q2 25 | — | $-1.5B | ||
| Q1 25 | — | $-2.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-2.4B |
自由现金流率DTEVG
| Q4 25 | — | -34.1% | ||
| Q3 25 | — | -42.4% | ||
| Q2 25 | — | -49.1% | ||
| Q1 25 | — | -81.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -167.3% |
资本支出强度DTEVG
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 98.9% | ||
| Q2 25 | — | 96.1% | ||
| Q1 25 | — | 119.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 212.4% |
现金转化率DTEVG
| Q4 25 | 2.84× | 1.77× | ||
| Q3 25 | 1.51× | 3.42× | ||
| Q2 25 | 3.10× | 3.07× | ||
| Q1 25 | 2.29× | 2.15× | ||
| Q4 24 | 3.71× | — | ||
| Q3 24 | 1.59× | — | ||
| Q2 24 | 2.36× | — | ||
| Q1 24 | 3.33× | 0.91× |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
