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ENBRIDGE INC（ENB）与潘世奇汽车集团（PAG）财务数据对比。点击上方公司名可切换其他公司
潘世奇汽车集团的季度营收约是ENBRIDGE INC的1.5倍（$8.8B vs $5.7B），ENBRIDGE INC净利率更高（26.2% vs 2.6%，领先23.7%），潘世奇汽车集团同比增速更快（14.6% vs 5.3%），ENBRIDGE INC自由现金流更多（$2.4B vs $25.1M），过去两年潘世奇汽车集团的营收复合增速更高（9.0% vs 7.6%）
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。
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
ENB vs PAG — 直观对比
营收规模更大
PAG
是对方的1.5倍
$5.7B
营收增速更快
PAG
高出9.2%
5.3%
净利率更高
ENB
高出23.7%
2.6%
自由现金流更多
ENB
多$2.4B
$25.1M
两年增速更快
PAG
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $8.8B |
| 净利润 | $1.5B | $228.1M |
| 毛利率 | — | 15.9% |
| 营业利润率 | 34.7% | 3.6% |
| 净利率 | 26.2% | 2.6% |
| 营收同比 | 5.3% | 14.6% |
| 净利润同比 | 246.2% | -3.5% |
| 每股收益（稀释后） | — | $3.46 |
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ENBPAG
| Q4 25 | $5.7B | $8.8B | ||
| Q3 25 | $4.5B | $7.7B | ||
| Q2 25 | $4.8B | $7.7B | ||
| Q1 25 | $6.4B | $7.6B | ||
| Q4 24 | $5.4B | $7.7B | ||
| Q3 24 | $4.2B | $7.6B | ||
| Q2 24 | $4.3B | $7.7B | ||
| Q1 24 | $4.9B | $7.4B |
净利润ENBPAG
| Q4 25 | $1.5B | $228.1M | ||
| Q3 25 | $575.2M | $213.0M | ||
| Q2 25 | $1.7B | $250.0M | ||
| Q1 25 | $1.7B | $244.3M | ||
| Q4 24 | $434.4M | $236.4M | ||
| Q3 24 | $1.0B | $226.1M | ||
| Q2 24 | $1.4B | $241.2M | ||
| Q1 24 | $1.1B | $215.2M |
毛利率ENBPAG
| Q4 25 | — | 15.9% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | 7.5% | 16.4% | ||
| Q1 24 | 26.2% | 16.7% |
营业利润率ENBPAG
| Q4 25 | 34.7% | 3.6% | ||
| Q3 25 | 36.9% | 3.9% | ||
| Q2 25 | 35.1% | 4.5% | ||
| Q1 25 | 41.7% | 4.1% | ||
| Q4 24 | 32.8% | 4.3% | ||
| Q3 24 | 38.7% | 4.2% | ||
| Q2 24 | 38.3% | 4.4% | ||
| Q1 24 | 40.0% | 4.4% |
净利率ENBPAG
| Q4 25 | 26.2% | 2.6% | ||
| Q3 25 | 12.8% | 2.8% | ||
| Q2 25 | 34.9% | 3.3% | ||
| Q1 25 | 26.8% | 3.2% | ||
| Q4 24 | 8.0% | 3.1% | ||
| Q3 24 | 24.3% | 3.0% | ||
| Q2 24 | 32.8% | 3.1% | ||
| Q1 24 | 22.3% | 2.9% |
每股收益（稀释后）ENBPAG
| Q4 25 | — | $3.46 | ||
| Q3 25 | — | $3.23 | ||
| Q2 25 | — | $3.78 | ||
| Q1 25 | — | $3.66 | ||
| Q4 24 | — | $3.53 | ||
| Q3 24 | — | $3.39 | ||
| Q2 24 | — | $3.61 | ||
| Q1 24 | — | $3.21 |
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 | $64.7M |
| 总债务越低越好 | $72.2B | $2.2B |
| 股东权益账面价值 | $45.5B | $5.6B |
| 总资产 | $159.5B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.59× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资ENBPAG
| Q4 25 | $798.6M | $64.7M | ||
| Q3 25 | $1.0B | $80.3M | ||
| Q2 25 | $878.2M | $155.3M | ||
| Q1 25 | $1.5B | $118.4M | ||
| Q4 24 | $1.3B | $72.4M | ||
| Q3 24 | $1.4B | $91.9M | ||
| Q2 24 | $2.6B | $115.1M | ||
| Q1 24 | $886.2M | $116.9M |
总债务ENBPAG
| Q4 25 | $72.2B | $2.2B | ||
| Q3 25 | $73.4B | $1.6B | ||
| Q2 25 | $70.8B | $1.8B | ||
| Q1 25 | $70.9B | $1.8B | ||
| Q4 24 | $68.2B | $1.9B | ||
| Q3 24 | $63.7B | $1.9B | ||
| Q2 24 | $62.2B | $1.8B | ||
| Q1 24 | $59.4B | $1.7B |
股东权益ENBPAG
| Q4 25 | $45.5B | $5.6B | ||
| Q3 25 | $47.6B | $5.7B | ||
| Q2 25 | $47.8B | $5.6B | ||
| Q1 25 | $49.8B | $5.4B | ||
| Q4 24 | $48.1B | $5.2B | ||
| Q3 24 | $48.0B | $5.2B | ||
| Q2 24 | $49.1B | $5.0B | ||
| Q1 24 | $46.9B | $4.8B |
总资产ENBPAG
| Q4 25 | $159.5B | $17.6B | ||
| Q3 25 | $158.4B | $17.1B | ||
| Q2 25 | $154.5B | $17.4B | ||
| Q1 25 | $160.6B | $16.9B | ||
| Q4 24 | $159.9B | $16.7B | ||
| Q3 24 | $150.2B | $17.1B | ||
| Q2 24 | $146.9B | $16.6B | ||
| Q1 24 | $139.2B | $16.1B |
负债/权益比ENBPAG
| Q4 25 | 1.59× | 0.39× | ||
| Q3 25 | 1.54× | 0.28× | ||
| Q2 25 | 1.48× | 0.32× | ||
| Q1 25 | 1.42× | 0.33× | ||
| Q4 24 | 1.42× | 0.36× | ||
| Q3 24 | 1.33× | 0.36× | ||
| Q2 24 | 1.27× | 0.36× | ||
| Q1 24 | 1.27× | 0.35× |
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 | $9.0B | $123.2M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $25.1M |
| 自由现金流率自由现金流/营收 | 42.0% | 0.3% |
| 资本支出强度资本支出/营收 | 114.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 5.96× | 0.54× |
| 过去12个月自由现金流最近4个季度 | — | $650.5M |
8季度趋势，按日历期对齐
经营现金流ENBPAG
| Q4 25 | $9.0B | $123.2M | ||
| Q3 25 | — | $379.5M | ||
| Q2 25 | — | $189.7M | ||
| Q1 25 | $2.2B | $282.7M | ||
| Q4 24 | $9.2B | $217.7M | ||
| Q3 24 | — | $271.0M | ||
| Q2 24 | — | $235.1M | ||
| Q1 24 | $2.3B | $456.0M |
自由现金流ENBPAG
| Q4 25 | $2.4B | $25.1M | ||
| Q3 25 | — | $300.4M | ||
| Q2 25 | — | $118.9M | ||
| Q1 25 | $970.9M | $206.1M | ||
| Q4 24 | $4.3B | $131.6M | ||
| Q3 24 | — | $190.1M | ||
| Q2 24 | — | $135.9M | ||
| Q1 24 | $1.4B | $353.5M |
自由现金流率ENBPAG
| Q4 25 | 42.0% | 0.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | 15.1% | 2.7% | ||
| Q4 24 | 79.0% | 1.7% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | 29.0% | 4.7% |
资本支出强度ENBPAG
| Q4 25 | 114.3% | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | 19.6% | 1.0% | ||
| Q4 24 | 90.1% | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | 17.5% | 1.4% |
现金转化率ENBPAG
| Q4 25 | 5.96× | 0.54× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | 1.29× | 1.16× | ||
| Q4 24 | 21.18× | 0.92× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | 2.08× | 2.12× |
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
ENB
暂无分部数据
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
