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艾默生（EMR）与Public Service Enterprise Group（PEG）财务数据对比。点击上方公司名可切换其他公司
艾默生的季度营收约是Public Service Enterprise Group的1.5倍（$4.3B vs $2.9B），艾默生净利率更高（13.9% vs 10.8%，领先3.1%），Public Service Enterprise Group同比增速更快（18.3% vs 4.1%），艾默生自由现金流更多（$602.0M vs $-408.0M），过去两年Public Service Enterprise Group的营收复合增速更高（2.8% vs -0.3%）
艾默生是总部位于美国密苏里州圣路易斯的世界500强跨国企业，业务涵盖工业自动化设备、暖通控制系统、精密测量仪器的研发制造，同时面向工业、商业、消费级市场提供工程服务及对应软件工程解决方案。
PSEG（Public Service Enterprise Group）是一家公开上市的能源企业，1985年正式成立，发展渊源可追溯至1903年，自创立以来总部始终位于美国新泽西州纽瓦克市，深耕能源领域多年，在北美能源市场拥有稳定的行业地位与市场份额。
EMR vs PEG — 直观对比
营收规模更大
EMR
是对方的1.5倍
$2.9B
营收增速更快
PEG
高出14.2%
4.1%
净利率更高
EMR
高出3.1%
10.8%
自由现金流更多
EMR
多$1.0B
$-408.0M
两年增速更快
PEG
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.9B |
| 净利润 | $605.0M | $315.0M |
| 毛利率 | 53.2% | — |
| 营业利润率 | 17.8% | 17.5% |
| 净利率 | 13.9% | 10.8% |
| 营收同比 | 4.1% | 18.3% |
| 净利润同比 | 3.4% | 10.1% |
| 每股收益（稀释后） | $1.07 | $0.63 |
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EMRPEG
| Q4 25 | $4.3B | $2.9B | ||
| Q3 25 | $4.9B | $3.2B | ||
| Q2 25 | $4.6B | $2.8B | ||
| Q1 25 | $4.4B | $3.2B | ||
| Q4 24 | $4.2B | $2.5B | ||
| Q3 24 | $4.6B | $2.6B | ||
| Q2 24 | $4.4B | $2.4B | ||
| Q1 24 | $4.4B | $2.8B |
净利润EMRPEG
| Q4 25 | $605.0M | $315.0M | ||
| Q3 25 | $637.0M | $622.0M | ||
| Q2 25 | $586.0M | $585.0M | ||
| Q1 25 | $485.0M | $589.0M | ||
| Q4 24 | $585.0M | $286.0M | ||
| Q3 24 | $996.0M | $520.0M | ||
| Q2 24 | $329.0M | $434.0M | ||
| Q1 24 | $501.0M | $532.0M |
毛利率EMRPEG
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.9% | — | ||
| Q2 25 | 52.6% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.5% | — | ||
| Q3 24 | 51.3% | — | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 52.2% | — |
营业利润率EMRPEG
| Q4 25 | 17.8% | 17.5% | ||
| Q3 25 | 16.4% | 26.5% | ||
| Q2 25 | 16.1% | 29.1% | ||
| Q1 25 | 14.2% | 24.7% | ||
| Q4 24 | 18.6% | 18.1% | ||
| Q3 24 | 14.7% | 24.3% | ||
| Q2 24 | 10.4% | 24.0% | ||
| Q1 24 | 16.2% | 24.8% |
净利率EMRPEG
| Q4 25 | 13.9% | 10.8% | ||
| Q3 25 | 13.1% | 19.3% | ||
| Q2 25 | 12.9% | 20.9% | ||
| Q1 25 | 10.9% | 18.3% | ||
| Q4 24 | 14.0% | 11.6% | ||
| Q3 24 | 21.6% | 19.7% | ||
| Q2 24 | 7.5% | 17.9% | ||
| Q1 24 | 11.4% | 19.3% |
每股收益（稀释后）EMRPEG
| Q4 25 | $1.07 | $0.63 | ||
| Q3 25 | $1.12 | $1.24 | ||
| Q2 25 | $1.04 | $1.17 | ||
| Q1 25 | $0.86 | $1.18 | ||
| Q4 24 | $1.02 | $0.57 | ||
| Q3 24 | $1.74 | $1.04 | ||
| Q2 24 | $0.57 | $0.87 | ||
| Q1 24 | $0.87 | $1.06 |
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 | — | $132.0M |
| 总债务越低越好 | $7.6B | $22.5B |
| 股东权益账面价值 | $20.3B | $17.0B |
| 总资产 | $41.9B | $57.6B |
| 负债/权益比越低杠杆越低 | 0.37× | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资EMRPEG
| Q4 25 | — | $132.0M | ||
| Q3 25 | — | $334.0M | ||
| Q2 25 | — | $186.0M | ||
| Q1 25 | — | $894.0M | ||
| Q4 24 | — | $125.0M | ||
| Q3 24 | — | $203.0M | ||
| Q2 24 | — | $113.0M | ||
| Q1 24 | — | $1.2B |
总债务EMRPEG
| Q4 25 | $7.6B | $22.5B | ||
| Q3 25 | $8.9B | $22.5B | ||
| Q2 25 | $8.3B | $22.6B | ||
| Q1 25 | $8.2B | $23.0B | ||
| Q4 24 | $6.6B | $21.1B | ||
| Q3 24 | $7.7B | $21.4B | ||
| Q2 24 | $7.1B | $20.5B | ||
| Q1 24 | $7.6B | $21.3B |
股东权益EMRPEG
| Q4 25 | $20.3B | $17.0B | ||
| Q3 25 | $20.3B | $17.0B | ||
| Q2 25 | $19.9B | $16.7B | ||
| Q1 25 | $19.2B | $16.4B | ||
| Q4 24 | $20.5B | $16.1B | ||
| Q3 24 | $21.6B | $16.1B | ||
| Q2 24 | $20.8B | $15.8B | ||
| Q1 24 | $20.9B | $15.7B |
总资产EMRPEG
| Q4 25 | $41.9B | $57.6B | ||
| Q3 25 | $42.0B | $56.9B | ||
| Q2 25 | $42.5B | $56.0B | ||
| Q1 25 | $42.0B | $55.6B | ||
| Q4 24 | $42.6B | $54.6B | ||
| Q3 24 | $44.2B | $54.1B | ||
| Q2 24 | $45.6B | $52.4B | ||
| Q1 24 | $46.4B | $52.4B |
负债/权益比EMRPEG
| Q4 25 | 0.37× | 1.33× | ||
| Q3 25 | 0.44× | 1.33× | ||
| Q2 25 | 0.42× | 1.36× | ||
| Q1 25 | 0.42× | 1.40× | ||
| Q4 24 | 0.32× | 1.31× | ||
| Q3 24 | 0.36× | 1.33× | ||
| Q2 24 | 0.34× | 1.30× | ||
| Q1 24 | 0.36× | 1.35× |
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 | $699.0M | $721.0M |
| 自由现金流经营现金流 - 资本支出 | $602.0M | $-408.0M |
| 自由现金流率自由现金流/营收 | 13.9% | -14.0% |
| 资本支出强度资本支出/营收 | 2.2% | 38.7% |
| 现金转化率经营现金流/净利润 | 1.16× | 2.29× |
| 过去12个月自由现金流最近4个季度 | $4.4B | $26.0M |
8季度趋势，按日历期对齐
经营现金流EMRPEG
| Q4 25 | $699.0M | $721.0M | ||
| Q3 25 | $3.1B | $1.1B | ||
| Q2 25 | $1.1B | $478.0M | ||
| Q1 25 | $241.0M | $1.0B | ||
| Q4 24 | $777.0M | $367.0M | ||
| Q3 24 | $3.3B | $623.0M | ||
| Q2 24 | $1.1B | $482.0M | ||
| Q1 24 | $743.0M | $661.0M |
自由现金流EMRPEG
| Q4 25 | $602.0M | $-408.0M | ||
| Q3 25 | $2.7B | $322.0M | ||
| Q2 25 | $977.0M | $-309.0M | ||
| Q1 25 | $154.0M | $421.0M | ||
| Q4 24 | $694.0M | $-611.0M | ||
| Q3 24 | $2.9B | $-145.0M | ||
| Q2 24 | $998.0M | $-355.0M | ||
| Q1 24 | $661.0M | $-136.0M |
自由现金流率EMRPEG
| Q4 25 | 13.9% | -14.0% | ||
| Q3 25 | 54.9% | 10.0% | ||
| Q2 25 | 21.5% | -11.0% | ||
| Q1 25 | 3.5% | 13.1% | ||
| Q4 24 | 16.6% | -24.8% | ||
| Q3 24 | 63.1% | -5.5% | ||
| Q2 24 | 22.8% | -14.7% | ||
| Q1 24 | 15.1% | -4.9% |
资本支出强度EMRPEG
| Q4 25 | 2.2% | 38.7% | ||
| Q3 25 | 8.9% | 22.6% | ||
| Q2 25 | 2.0% | 28.1% | ||
| Q1 25 | 2.0% | 19.5% | ||
| Q4 24 | 2.0% | 39.7% | ||
| Q3 24 | 9.1% | 29.1% | ||
| Q2 24 | 2.1% | 34.5% | ||
| Q1 24 | 1.9% | 28.9% |
现金转化率EMRPEG
| Q4 25 | 1.16× | 2.29× | ||
| Q3 25 | 4.86× | 1.69× | ||
| Q2 25 | 1.83× | 0.82× | ||
| Q1 25 | 0.50× | 1.78× | ||
| Q4 24 | 1.33× | 1.28× | ||
| Q3 24 | 3.35× | 1.20× | ||
| Q2 24 | 3.31× | 1.11× | ||
| Q1 24 | 1.48× | 1.24× |
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
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
PEG
| PSEG Power Other | $1.1B | 37% |
| Electric Distribution Contracts | $929.0M | 32% |
| Gas Distribution Contracts | $840.0M | 29% |
| Other | $71.0M | 2% |
