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杜克能源（DUK）与高盛（GS）财务数据对比。点击上方公司名可切换其他公司
高盛的季度营收约是杜克能源的1.7倍（$13.5B vs $7.8B），高盛净利率更高（34.3% vs 15.2%，领先19.1%），杜克能源自由现金流更多（$-485.0M vs $-16.8B）
杜克能源是总部位于美国北卡罗来纳州夏洛特的电力及天然气控股企业，服务范围覆盖美国东部地区，客户总量超700万。2024年该企业位列美国财富500强第141位，创下其在该榜单的历史最高排名。
高盛集团是美国跨国投资银行及金融服务提供商，创立于1869年，总部位于纽约市曼哈顿下城，在全球多个国际金融中心设有区域总部。按营收计算，高盛是全球规模最大的投资银行之一，位列美国《财富》500强总营收榜单第55位。
DUK vs GS — 直观对比
营收规模更大
GS
是对方的1.7倍
$7.8B
净利率更高
GS
高出19.1%
15.2%
自由现金流更多
DUK
多$16.3B
$-16.8B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.8B | $13.5B |
| 净利润 | $1.2B | $4.6B |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | 43.5% |
| 净利率 | 15.2% | 34.3% |
| 营收同比 | 7.4% | — |
| 净利润同比 | -1.7% | — |
| 每股收益（稀释后） | $1.49 | $14.04 |
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DUKGS
| Q4 25 | $7.8B | $13.5B | ||
| Q3 25 | $8.4B | $15.2B | ||
| Q2 25 | $7.4B | $14.6B | ||
| Q1 25 | $8.2B | $15.1B | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $8.1B | $12.7B | ||
| Q2 24 | $7.2B | $12.7B | ||
| Q1 24 | $7.5B | $14.2B |
净利润DUKGS
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.4B | $4.1B | ||
| Q2 25 | $984.0M | $3.7B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $900.0M | $3.0B | ||
| Q1 24 | $1.1B | $4.1B |
营业利润率DUKGS
| Q4 25 | 27.3% | 43.5% | ||
| Q3 25 | 27.9% | 35.5% | ||
| Q2 25 | 24.8% | 34.0% | ||
| Q1 25 | 28.5% | 37.5% | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | 26.4% | 31.4% | ||
| Q2 24 | 23.9% | 30.8% | ||
| Q1 24 | 26.1% | 36.8% |
净利率DUKGS
| Q4 25 | 15.2% | 34.3% | ||
| Q3 25 | 17.0% | 27.0% | ||
| Q2 25 | 13.3% | 25.5% | ||
| Q1 25 | 16.8% | 31.5% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 15.8% | 23.5% | ||
| Q2 24 | 12.6% | 23.9% | ||
| Q1 24 | 15.1% | 29.1% |
每股收益（稀释后）DUKGS
| Q4 25 | $1.49 | $14.04 | ||
| Q3 25 | $1.81 | $12.25 | ||
| Q2 25 | $1.25 | $10.91 | ||
| Q1 25 | $1.76 | $14.12 | ||
| Q4 24 | $1.54 | — | ||
| Q3 24 | $1.60 | $8.40 | ||
| Q2 24 | $1.13 | $8.62 | ||
| Q1 24 | $1.44 | $11.58 |
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 | $245.0M | $164.3B |
| 总债务越低越好 | $80.1B | — |
| 股东权益账面价值 | $51.8B | $125.0B |
| 总资产 | $195.7B | $1809.3B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DUKGS
| Q4 25 | $245.0M | $164.3B | ||
| Q3 25 | $688.0M | $169.6B | ||
| Q2 25 | $344.0M | $153.0B | ||
| Q1 25 | $475.0M | $167.4B | ||
| Q4 24 | $314.0M | — | ||
| Q3 24 | $376.0M | $154.7B | ||
| Q2 24 | $390.0M | $206.3B | ||
| Q1 24 | $459.0M | $209.4B |
总债务DUKGS
| Q4 25 | $80.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $76.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DUKGS
| Q4 25 | $51.8B | $125.0B | ||
| Q3 25 | $51.5B | $124.4B | ||
| Q2 25 | $50.9B | $124.1B | ||
| Q1 25 | $50.7B | $124.3B | ||
| Q4 24 | $50.1B | — | ||
| Q3 24 | $49.1B | $121.2B | ||
| Q2 24 | $49.7B | $119.5B | ||
| Q1 24 | $49.6B | $118.5B |
总资产DUKGS
| Q4 25 | $195.7B | $1809.3B | ||
| Q3 25 | $192.3B | $1808.0B | ||
| Q2 25 | $189.7B | $1785.0B | ||
| Q1 25 | $187.5B | $1766.2B | ||
| Q4 24 | $186.3B | — | ||
| Q3 24 | $183.6B | $1728.1B | ||
| Q2 24 | $181.6B | $1653.3B | ||
| Q1 24 | $178.7B | $1698.4B |
负债/权益比DUKGS
| Q4 25 | 1.55× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| 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 | $3.7B | $-16.3B |
| 自由现金流经营现金流 - 资本支出 | $-485.0M | $-16.8B |
| 自由现金流率自由现金流/营收 | -6.2% | -124.9% |
| 资本支出强度资本支出/营收 | 53.3% | 3.9% |
| 现金转化率经营现金流/净利润 | 3.09× | -3.53× |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $-47.2B |
8季度趋势，按日历期对齐
经营现金流DUKGS
| Q4 25 | $3.7B | $-16.3B | ||
| Q3 25 | $3.6B | $2.7B | ||
| Q2 25 | $2.9B | $5.7B | ||
| Q1 25 | $2.2B | $-37.2B | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.5B | $-28.0B |
自由现金流DUKGS
| Q4 25 | $-485.0M | $-16.8B | ||
| Q3 25 | $179.0M | $2.1B | ||
| Q2 25 | $-417.0M | $5.2B | ||
| Q1 25 | $-971.0M | $-37.7B | ||
| Q4 24 | $288.0M | — | ||
| Q3 24 | $537.0M | — | ||
| Q2 24 | $-43.0M | — | ||
| Q1 24 | $-734.0M | $-28.5B |
自由现金流率DUKGS
| Q4 25 | -6.2% | -124.9% | ||
| Q3 25 | 2.1% | 14.0% | ||
| Q2 25 | -5.7% | 35.6% | ||
| Q1 25 | -11.8% | -250.5% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | -0.6% | — | ||
| Q1 24 | -9.7% | -200.8% |
资本支出强度DUKGS
| Q4 25 | 53.3% | 3.9% | ||
| Q3 25 | 41.2% | 3.7% | ||
| Q2 25 | 44.5% | 3.3% | ||
| Q1 25 | 38.3% | 3.3% | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 36.8% | — | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 42.6% | 3.5% |
现金转化率DUKGS
| Q4 25 | 3.09× | -3.53× | ||
| Q3 25 | 2.56× | 0.65× | ||
| Q2 25 | 2.91× | 1.52× | ||
| Q1 25 | 1.58× | -7.86× | ||
| Q4 24 | 2.80× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 3.28× | — | ||
| Q1 24 | 2.17× | -6.79× |
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
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
GS
| Global Banking And Markets | $10.5B | 78% |
| Other | $2.9B | 22% |
