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ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）与伟创力（FLEX）财务数据对比。点击上方公司名可切换其他公司
ENTERPRISE PRODUCTS PARTNERS L.P.的季度营收约是伟创力的1.9倍（$14.4B vs $7.5B），ENTERPRISE PRODUCTS PARTNERS L.P.净利率更高（10.4% vs 3.3%，领先7.1%），伟创力同比增速更快（16.9% vs -6.7%），过去两年伟创力的营收复合增速更高（8.8% vs 3.3%）
Enterprise Products Partners L.P.是总部位于美国得克萨斯州休斯敦的中游能源企业，主营天然气与原油管道业务，2004年9月收购GulfTerra，2018年位列美国《财富》500强第105位，丹·邓肯2010年去世前为该公司第一大股东。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
EPD vs FLEX — 直观对比
营收规模更大
EPD
是对方的1.9倍
$7.5B
营收增速更快
FLEX
高出23.6%
-6.7%
净利率更高
EPD
高出7.1%
3.3%
两年增速更快
FLEX
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $7.5B |
| 净利润 | $1.5B | $250.0M |
| 毛利率 | — | 9.4% |
| 营业利润率 | 13.2% | 5.0% |
| 净利率 | 10.4% | 3.3% |
| 营收同比 | -6.7% | 16.9% |
| 净利润同比 | 6.4% | 12.6% |
| 每股收益（稀释后） | — | $0.67 |
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EPDFLEX
| Q1 26 | $14.4B | $7.5B | ||
| Q4 25 | $13.8B | $7.1B | ||
| Q3 25 | $12.0B | $6.8B | ||
| Q2 25 | $11.4B | $6.6B | ||
| Q1 25 | $15.4B | $6.4B | ||
| Q4 24 | $14.2B | $6.6B | ||
| Q3 24 | $13.8B | $6.5B | ||
| Q2 24 | $13.5B | $6.3B |
净利润EPDFLEX
| Q1 26 | $1.5B | $250.0M | ||
| Q4 25 | $1.6B | $239.0M | ||
| Q3 25 | $1.3B | $199.0M | ||
| Q2 25 | $1.4B | $192.0M | ||
| Q1 25 | $1.4B | $222.0M | ||
| Q4 24 | $1.6B | $263.0M | ||
| Q3 24 | $1.4B | $214.0M | ||
| Q2 24 | $1.4B | $139.0M |
毛利率EPDFLEX
| Q1 26 | — | 9.4% | ||
| Q4 25 | 27.0% | 9.6% | ||
| Q3 25 | 28.6% | 9.0% | ||
| Q2 25 | 30.5% | 8.7% | ||
| Q1 25 | 22.1% | 8.8% | ||
| Q4 24 | 25.3% | 9.1% | ||
| Q3 24 | 24.6% | 8.1% | ||
| Q2 24 | 24.5% | 7.5% |
营业利润率EPDFLEX
| Q1 26 | 13.2% | 5.0% | ||
| Q4 25 | 14.7% | 5.5% | ||
| Q3 25 | 14.0% | 4.4% | ||
| Q2 25 | 15.8% | 4.7% | ||
| Q1 25 | 11.4% | 4.8% | ||
| Q4 24 | 13.9% | 5.1% | ||
| Q3 24 | 12.9% | 4.5% | ||
| Q2 24 | 13.1% | 3.7% |
净利率EPDFLEX
| Q1 26 | 10.4% | 3.3% | ||
| Q4 25 | 11.9% | 3.4% | ||
| Q3 25 | 11.1% | 2.9% | ||
| Q2 25 | 12.6% | 2.9% | ||
| Q1 25 | 9.0% | 3.5% | ||
| Q4 24 | 11.4% | 4.0% | ||
| Q3 24 | 10.3% | 3.3% | ||
| Q2 24 | 10.4% | 2.2% |
每股收益（稀释后）EPDFLEX
| Q1 26 | — | $0.67 | ||
| Q4 25 | — | $0.64 | ||
| Q3 25 | — | $0.52 | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | — | $0.67 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | — | $0.34 |
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 | — | $2.4B |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | — | $5.1B |
| 总资产 | — | $22.1B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资EPDFLEX
| Q1 26 | — | $2.4B | ||
| Q4 25 | $969.0M | $3.1B | ||
| Q3 25 | $206.0M | $2.2B | ||
| Q2 25 | $870.0M | $2.2B | ||
| Q1 25 | $220.0M | $2.3B | ||
| Q4 24 | $583.0M | $2.3B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $138.0M | $2.2B |
总债务EPDFLEX
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.2B |
股东权益EPDFLEX
| Q1 26 | — | $5.1B | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B |
总资产EPDFLEX
| Q1 26 | — | $22.1B | ||
| Q4 25 | $77.9B | $20.8B | ||
| Q3 25 | $77.8B | $19.5B | ||
| Q2 25 | $77.4B | $19.1B | ||
| Q1 25 | $75.4B | $18.4B | ||
| Q4 24 | $77.2B | $18.3B | ||
| Q3 24 | $75.1B | $18.6B | ||
| Q2 24 | $73.6B | $17.7B |
负债/权益比EPDFLEX
| Q1 26 | — | 0.73× | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.64× |
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 | — | $413.0M |
| 自由现金流经营现金流 - 资本支出 | — | $212.0M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流EPDFLEX
| Q1 26 | — | $413.0M | ||
| Q4 25 | $2.5B | $420.0M | ||
| Q3 25 | $1.7B | $453.0M | ||
| Q2 25 | $2.1B | $399.0M | ||
| Q1 25 | $2.3B | $433.0M | ||
| Q4 24 | $2.4B | $413.0M | ||
| Q3 24 | $2.1B | $319.0M | ||
| Q2 24 | $1.6B | $340.0M |
自由现金流EPDFLEX
| Q1 26 | — | $212.0M | ||
| Q4 25 | — | $272.0M | ||
| Q3 25 | — | $303.0M | ||
| Q2 25 | $762.0M | $266.0M | ||
| Q1 25 | $1.3B | $321.0M | ||
| Q4 24 | $1.3B | $301.0M | ||
| Q3 24 | $898.0M | $216.0M | ||
| Q2 24 | $310.0M | $229.0M |
自由现金流率EPDFLEX
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | 6.7% | 4.0% | ||
| Q1 25 | 8.1% | 5.0% | ||
| Q4 24 | 9.1% | 4.6% | ||
| Q3 24 | 6.5% | 3.3% | ||
| Q2 24 | 2.3% | 3.6% |
资本支出强度EPDFLEX
| Q1 26 | 1.4% | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | 11.4% | 2.0% | ||
| Q1 25 | 6.9% | 1.8% | ||
| Q4 24 | 7.5% | 1.7% | ||
| Q3 24 | 8.5% | 1.6% | ||
| Q2 24 | 9.4% | 1.8% |
现金转化率EPDFLEX
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.50× | 1.76× | ||
| Q3 25 | 1.30× | 2.28× | ||
| Q2 25 | 1.44× | 2.08× | ||
| Q1 25 | 1.66× | 1.95× | ||
| Q4 24 | 1.46× | 1.57× | ||
| Q3 24 | 1.46× | 1.49× | ||
| Q2 24 | 1.12× | 2.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
