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ENBRIDGE INC（ENB）与美盛公司（MOS）财务数据对比。点击上方公司名可切换其他公司
ENBRIDGE INC的季度营收约是美盛公司的1.9倍（$5.7B vs $3.0B），ENBRIDGE INC净利率更高（26.2% vs -17.5%，领先43.7%），美盛公司同比增速更快（5.6% vs 5.3%），ENBRIDGE INC自由现金流更多（$2.4B vs $-405.7M），过去两年ENBRIDGE INC的营收复合增速更高（7.6% vs 5.3%）
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
ENB vs MOS — 直观对比
营收规模更大
ENB
是对方的1.9倍
$3.0B
营收增速更快
MOS
高出0.3%
5.3%
净利率更高
ENB
高出43.7%
-17.5%
自由现金流更多
ENB
多$2.8B
$-405.7M
两年增速更快
ENB
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $3.0B |
| 净利润 | $1.5B | $-519.5M |
| 毛利率 | — | 11.5% |
| 营业利润率 | 34.7% | -3.4% |
| 净利率 | 26.2% | -17.5% |
| 营收同比 | 5.3% | 5.6% |
| 净利润同比 | 246.2% | -407.4% |
| 每股收益（稀释后） | — | $-1.63 |
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ENBMOS
| Q4 25 | $5.7B | $3.0B | ||
| Q3 25 | $4.5B | $3.5B | ||
| Q2 25 | $4.8B | $3.0B | ||
| Q1 25 | $6.4B | $2.6B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $4.2B | $2.8B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | $4.9B | $2.7B |
净利润ENBMOS
| Q4 25 | $1.5B | $-519.5M | ||
| Q3 25 | $575.2M | $411.4M | ||
| Q2 25 | $1.7B | $410.7M | ||
| Q1 25 | $1.7B | $238.1M | ||
| Q4 24 | $434.4M | $169.0M | ||
| Q3 24 | $1.0B | $122.2M | ||
| Q2 24 | $1.4B | $-161.5M | ||
| Q1 24 | $1.1B | $45.2M |
毛利率ENBMOS
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 16.0% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 14.8% | ||
| Q2 24 | 7.5% | 14.0% | ||
| Q1 24 | 26.2% | 14.9% |
营业利润率ENBMOS
| Q4 25 | 34.7% | -3.4% | ||
| Q3 25 | 36.9% | 9.8% | ||
| Q2 25 | 35.1% | 8.1% | ||
| Q1 25 | 41.7% | 12.9% | ||
| Q4 24 | 32.8% | 3.5% | ||
| Q3 24 | 38.7% | 4.1% | ||
| Q2 24 | 38.3% | 8.3% | ||
| Q1 24 | 40.0% | 6.5% |
净利率ENBMOS
| Q4 25 | 26.2% | -17.5% | ||
| Q3 25 | 12.8% | 11.9% | ||
| Q2 25 | 34.9% | 13.7% | ||
| Q1 25 | 26.8% | 9.1% | ||
| Q4 24 | 8.0% | 6.0% | ||
| Q3 24 | 24.3% | 4.3% | ||
| Q2 24 | 32.8% | -5.7% | ||
| Q1 24 | 22.3% | 1.7% |
每股收益（稀释后）ENBMOS
| Q4 25 | — | $-1.63 | ||
| Q3 25 | — | $1.29 | ||
| Q2 25 | — | $1.29 | ||
| Q1 25 | — | $0.75 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.38 | ||
| Q2 24 | — | $-0.50 | ||
| Q1 24 | — | $0.14 |
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 | $798.6M | $276.6M |
| 总债务越低越好 | $72.2B | $4.3B |
| 股东权益账面价值 | $45.5B | $12.1B |
| 总资产 | $159.5B | $24.5B |
| 负债/权益比越低杠杆越低 | 1.59× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ENBMOS
| Q4 25 | $798.6M | $276.6M | ||
| Q3 25 | $1.0B | $153.3M | ||
| Q2 25 | $878.2M | $286.2M | ||
| Q1 25 | $1.5B | $259.2M | ||
| Q4 24 | $1.3B | $272.8M | ||
| Q3 24 | $1.4B | $301.6M | ||
| Q2 24 | $2.6B | $322.0M | ||
| Q1 24 | $886.2M | $336.7M |
总债务ENBMOS
| Q4 25 | $72.2B | $4.3B | ||
| Q3 25 | $73.4B | $3.4B | ||
| Q2 25 | $70.8B | $3.3B | ||
| Q1 25 | $70.9B | $3.3B | ||
| Q4 24 | $68.2B | $3.3B | ||
| Q3 24 | $63.7B | $3.2B | ||
| Q2 24 | $62.2B | $3.2B | ||
| Q1 24 | $59.4B | $3.2B |
股东权益ENBMOS
| Q4 25 | $45.5B | $12.1B | ||
| Q3 25 | $47.6B | $12.8B | ||
| Q2 25 | $47.8B | $12.4B | ||
| Q1 25 | $49.8B | $11.8B | ||
| Q4 24 | $48.1B | $11.5B | ||
| Q3 24 | $48.0B | $11.8B | ||
| Q2 24 | $49.1B | $11.7B | ||
| Q1 24 | $46.9B | $12.0B |
总资产ENBMOS
| Q4 25 | $159.5B | $24.5B | ||
| Q3 25 | $158.4B | $24.7B | ||
| Q2 25 | $154.5B | $24.3B | ||
| Q1 25 | $160.6B | $23.2B | ||
| Q4 24 | $159.9B | $22.9B | ||
| Q3 24 | $150.2B | $23.3B | ||
| Q2 24 | $146.9B | $22.6B | ||
| Q1 24 | $139.2B | $22.9B |
负债/权益比ENBMOS
| Q4 25 | 1.59× | 0.35× | ||
| Q3 25 | 1.54× | 0.26× | ||
| Q2 25 | 1.48× | 0.27× | ||
| Q1 25 | 1.42× | 0.28× | ||
| Q4 24 | 1.42× | 0.29× | ||
| Q3 24 | 1.33× | 0.27× | ||
| Q2 24 | 1.27× | 0.27× | ||
| Q1 24 | 1.27× | 0.27× |
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 | $9.0B | $-56.1M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $-405.7M |
| 自由现金流率自由现金流/营收 | 42.0% | -13.6% |
| 资本支出强度资本支出/营收 | 114.3% | 11.8% |
| 现金转化率经营现金流/净利润 | 5.96× | — |
| 过去12个月自由现金流最近4个季度 | — | $-534.6M |
8季度趋势，按日历期对齐
经营现金流ENBMOS
| Q4 25 | $9.0B | $-56.1M | ||
| Q3 25 | — | $228.5M | ||
| Q2 25 | — | $609.5M | ||
| Q1 25 | $2.2B | $42.9M | ||
| Q4 24 | $9.2B | $219.3M | ||
| Q3 24 | — | $312.9M | ||
| Q2 24 | — | $847.0M | ||
| Q1 24 | $2.3B | $-80.0M |
自由现金流ENBMOS
| Q4 25 | $2.4B | $-405.7M | ||
| Q3 25 | — | $-135.9M | ||
| Q2 25 | — | $304.9M | ||
| Q1 25 | $970.9M | $-297.9M | ||
| Q4 24 | $4.3B | $-74.8M | ||
| Q3 24 | — | $72.1M | ||
| Q2 24 | — | $513.1M | ||
| Q1 24 | $1.4B | $-463.0M |
自由现金流率ENBMOS
| Q4 25 | 42.0% | -13.6% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | 15.1% | -11.4% | ||
| Q4 24 | 79.0% | -2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | 29.0% | -17.3% |
资本支出强度ENBMOS
| Q4 25 | 114.3% | 11.8% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | 19.6% | 13.0% | ||
| Q4 24 | 90.1% | 10.4% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | 17.5% | 14.3% |
现金转化率ENBMOS
| Q4 25 | 5.96× | — | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | 1.29× | 0.18× | ||
| Q4 24 | 21.18× | 1.30× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.08× | -1.77× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
