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艾诺斯（ENS）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是艾诺斯的1.8倍（$1.7B vs $919.1M），第一太阳能净利率更高（31.0% vs 9.8%，领先21.1%），第一太阳能同比增速更快（11.1% vs 1.4%），第一太阳能自由现金流更多（$1.1B vs $171.3M），过去两年第一太阳能的营收复合增速更高（45.6% vs 0.5%）
艾诺斯是全球领先的工业储能系统及技术供应商，主营备用电源、动力电源类电池的生产，同时还提供电池充电器、电力设备、电池配件及户外设备防护机箱等相关产品，可充分满足各类工业场景的储能需求。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
ENS vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.8倍
$919.1M
营收增速更快
FSLR
高出9.7%
1.4%
净利率更高
FSLR
高出21.1%
9.8%
自由现金流更多
FSLR
多$898.9M
$171.3M
两年增速更快
FSLR
近两年复合增速
0.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $919.1M | $1.7B |
| 净利润 | $90.4M | $520.9M |
| 毛利率 | 30.1% | 39.5% |
| 营业利润率 | 13.5% | 32.6% |
| 净利率 | 9.8% | 31.0% |
| 营收同比 | 1.4% | 11.1% |
| 净利润同比 | -21.3% | 32.5% |
| 每股收益（稀释后） | $2.40 | $4.84 |
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ENSFSLR
| Q4 25 | $919.1M | $1.7B | ||
| Q3 25 | $951.3M | $1.6B | ||
| Q2 25 | $893.0M | $1.1B | ||
| Q1 25 | $974.8M | $844.6M | ||
| Q4 24 | $906.2M | $1.5B | ||
| Q3 24 | $883.7M | $887.7M | ||
| Q2 24 | $852.9M | $1.0B | ||
| Q1 24 | $910.7M | $794.1M |
净利润ENSFSLR
| Q4 25 | $90.4M | $520.9M | ||
| Q3 25 | $68.4M | $455.9M | ||
| Q2 25 | $57.5M | $341.9M | ||
| Q1 25 | $96.5M | $209.5M | ||
| Q4 24 | $114.8M | $393.1M | ||
| Q3 24 | $82.3M | $313.0M | ||
| Q2 24 | $70.1M | $349.4M | ||
| Q1 24 | $60.9M | $236.6M |
毛利率ENSFSLR
| Q4 25 | 30.1% | 39.5% | ||
| Q3 25 | 29.1% | 38.3% | ||
| Q2 25 | 28.4% | 45.6% | ||
| Q1 25 | 31.2% | 40.8% | ||
| Q4 24 | 32.9% | 37.5% | ||
| Q3 24 | 28.5% | 50.2% | ||
| Q2 24 | 27.9% | 49.4% | ||
| Q1 24 | 27.9% | 43.6% |
营业利润率ENSFSLR
| Q4 25 | 13.5% | 32.6% | ||
| Q3 25 | 9.7% | 29.2% | ||
| Q2 25 | 9.7% | 33.0% | ||
| Q1 25 | 13.5% | 26.2% | ||
| Q4 24 | 15.7% | 30.2% | ||
| Q3 24 | 11.2% | 36.3% | ||
| Q2 24 | 10.7% | 36.9% | ||
| Q1 24 | 8.9% | 30.6% |
净利率ENSFSLR
| Q4 25 | 9.8% | 31.0% | ||
| Q3 25 | 7.2% | 28.6% | ||
| Q2 25 | 6.4% | 31.2% | ||
| Q1 25 | 9.9% | 24.8% | ||
| Q4 24 | 12.7% | 26.0% | ||
| Q3 24 | 9.3% | 35.3% | ||
| Q2 24 | 8.2% | 34.6% | ||
| Q1 24 | 6.7% | 29.8% |
每股收益（稀释后）ENSFSLR
| Q4 25 | $2.40 | $4.84 | ||
| Q3 25 | $1.80 | $4.24 | ||
| Q2 25 | $1.46 | $3.18 | ||
| Q1 25 | $2.39 | $1.95 | ||
| Q4 24 | $2.88 | $3.66 | ||
| Q3 24 | $2.01 | $2.91 | ||
| Q2 24 | $1.71 | $3.25 | ||
| Q1 24 | $1.48 | $2.20 |
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 | $450.1M | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $9.5B |
| 总资产 | $4.0B | $13.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ENSFSLR
| Q4 25 | $450.1M | $2.8B | ||
| Q3 25 | $388.6M | $2.0B | ||
| Q2 25 | $346.7M | $1.1B | ||
| Q1 25 | $343.1M | $837.6M | ||
| Q4 24 | $463.2M | $1.6B | ||
| Q3 24 | $407.9M | $1.0B | ||
| Q2 24 | $344.1M | $1.7B | ||
| Q1 24 | $333.3M | $1.7B |
总债务ENSFSLR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $802.0M | — |
股东权益ENSFSLR
| Q4 25 | $1.9B | $9.5B | ||
| Q3 25 | $1.9B | $9.0B | ||
| Q2 25 | $1.9B | $8.5B | ||
| Q1 25 | $1.9B | $8.2B | ||
| Q4 24 | $1.8B | $8.0B | ||
| Q3 24 | $1.8B | $7.6B | ||
| Q2 24 | $1.8B | $7.3B | ||
| Q1 24 | $1.8B | $6.9B |
总资产ENSFSLR
| Q4 25 | $4.0B | $13.3B | ||
| Q3 25 | $4.1B | $13.5B | ||
| Q2 25 | $4.1B | $12.9B | ||
| Q1 25 | $4.0B | $12.1B | ||
| Q4 24 | $4.0B | $12.1B | ||
| Q3 24 | $4.0B | $11.4B | ||
| Q2 24 | $3.6B | $11.0B | ||
| Q1 24 | $3.5B | $10.8B |
负债/权益比ENSFSLR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.46× | — |
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 | $184.6M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $171.3M | $1.1B |
| 自由现金流率自由现金流/营收 | 18.6% | 63.6% |
| 资本支出强度资本支出/营收 | 1.4% | 10.2% |
| 现金转化率经营现金流/净利润 | 2.04× | 2.38× |
| 过去12个月自由现金流最近4个季度 | $441.3M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ENSFSLR
| Q4 25 | $184.6M | $1.2B | ||
| Q3 25 | $218.0M | $1.3B | ||
| Q2 25 | $968.0K | $149.6M | ||
| Q1 25 | $135.2M | $-608.0M | ||
| Q4 24 | $81.1M | $811.0M | ||
| Q3 24 | $33.6M | $-53.7M | ||
| Q2 24 | $10.4M | $193.0M | ||
| Q1 24 | — | $267.7M |
自由现金流ENSFSLR
| Q4 25 | $171.3M | $1.1B | ||
| Q3 25 | $197.1M | $1.1B | ||
| Q2 25 | $-32.1M | $-138.6M | ||
| Q1 25 | $104.9M | $-813.9M | ||
| Q4 24 | $56.8M | $497.5M | ||
| Q3 24 | $3.3M | $-487.7M | ||
| Q2 24 | $-25.7M | $-172.1M | ||
| Q1 24 | — | $-145.7M |
自由现金流率ENSFSLR
| Q4 25 | 18.6% | 63.6% | ||
| Q3 25 | 20.7% | 67.1% | ||
| Q2 25 | -3.6% | -12.6% | ||
| Q1 25 | 10.8% | -96.4% | ||
| Q4 24 | 6.3% | 32.9% | ||
| Q3 24 | 0.4% | -54.9% | ||
| Q2 24 | -3.0% | -17.0% | ||
| Q1 24 | — | -18.4% |
资本支出强度ENSFSLR
| Q4 25 | 1.4% | 10.2% | ||
| Q3 25 | 2.2% | 12.8% | ||
| Q2 25 | 3.7% | 26.3% | ||
| Q1 25 | 3.1% | 24.4% | ||
| Q4 24 | 2.7% | 20.7% | ||
| Q3 24 | 3.4% | 48.9% | ||
| Q2 24 | 4.2% | 36.1% | ||
| Q1 24 | — | 52.1% |
现金转化率ENSFSLR
| Q4 25 | 2.04× | 2.38× | ||
| Q3 25 | 3.19× | 2.79× | ||
| Q2 25 | 0.02× | 0.44× | ||
| Q1 25 | 1.40× | -2.90× | ||
| Q4 24 | 0.71× | 2.06× | ||
| Q3 24 | 0.41× | -0.17× | ||
| Q2 24 | 0.15× | 0.55× | ||
| Q1 24 | — | 1.13× |
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
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
FSLR
暂无分部数据
