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ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）与通用动力（GD）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.的季度营收约是通用动力的1.1倍（$14.4B vs $13.5B），ENTERPRISE PRODUCTS PARTNERS L.P.净利率更高（10.4% vs 8.3%，领先2.1%），通用动力同比增速更快（10.3% vs -6.7%），过去两年通用动力的营收复合增速更高（6.1% 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。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
EPD vs GD — 直观对比
营收规模更大
EPD
是对方的1.1倍
$13.5B
营收增速更快
GD
高出17.0%
-6.7%
净利率更高
EPD
高出2.1%
8.3%
两年增速更快
GD
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $13.5B |
| 净利润 | $1.5B | $1.1B |
| 毛利率 | — | — |
| 营业利润率 | 13.2% | 10.5% |
| 净利率 | 10.4% | 8.3% |
| 营收同比 | -6.7% | 10.3% |
| 净利润同比 | 6.4% | 13.2% |
| 每股收益（稀释后） | — | $4.10 |
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EPDGD
| Q1 26 | $14.4B | $13.5B | ||
| Q4 25 | $13.8B | $14.4B | ||
| Q3 25 | $12.0B | $12.9B | ||
| Q2 25 | $11.4B | $13.0B | ||
| Q1 25 | $15.4B | $12.2B | ||
| Q4 24 | $14.2B | $13.3B | ||
| Q3 24 | $13.8B | $11.7B | ||
| Q2 24 | $13.5B | $12.0B |
净利润EPDGD
| Q1 26 | $1.5B | $1.1B | ||
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $994.0M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.4B | $930.0M | ||
| Q2 24 | $1.4B | $905.0M |
毛利率EPDGD
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 24.5% | — |
营业利润率EPDGD
| Q1 26 | 13.2% | 10.5% | ||
| Q4 25 | 14.7% | 10.1% | ||
| Q3 25 | 14.0% | 10.3% | ||
| Q2 25 | 15.8% | 10.0% | ||
| Q1 25 | 11.4% | 10.4% | ||
| Q4 24 | 13.9% | 10.7% | ||
| Q3 24 | 12.9% | 10.1% | ||
| Q2 24 | 13.1% | 9.7% |
净利率EPDGD
| Q1 26 | 10.4% | 8.3% | ||
| Q4 25 | 11.9% | 7.9% | ||
| Q3 25 | 11.1% | 8.2% | ||
| Q2 25 | 12.6% | 7.8% | ||
| Q1 25 | 9.0% | 8.1% | ||
| Q4 24 | 11.4% | 8.6% | ||
| Q3 24 | 10.3% | 8.0% | ||
| Q2 24 | 10.4% | 7.6% |
每股收益（稀释后）EPDGD
| Q1 26 | — | $4.10 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $3.7B |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | — | $26.1B |
| 总资产 | — | $59.0B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资EPDGD
| Q1 26 | — | $3.7B | ||
| Q4 25 | $969.0M | $2.3B | ||
| Q3 25 | $206.0M | $2.5B | ||
| Q2 25 | $870.0M | $1.5B | ||
| Q1 25 | $220.0M | $1.2B | ||
| Q4 24 | $583.0M | $1.7B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $138.0M | $1.4B |
总债务EPDGD
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EPDGD
| Q1 26 | — | $26.1B | ||
| Q4 25 | — | $25.6B | ||
| Q3 25 | — | $24.4B | ||
| Q2 25 | — | $23.6B | ||
| Q1 25 | — | $22.2B | ||
| Q4 24 | — | $22.1B | ||
| Q3 24 | — | $23.0B | ||
| Q2 24 | — | $22.0B |
总资产EPDGD
| Q1 26 | — | $59.0B | ||
| Q4 25 | $77.9B | $57.2B | ||
| Q3 25 | $77.8B | $57.6B | ||
| Q2 25 | $77.4B | $56.9B | ||
| Q1 25 | $75.4B | $56.6B | ||
| Q4 24 | $77.2B | $55.9B | ||
| Q3 24 | $75.1B | $57.3B | ||
| Q2 24 | $73.6B | $55.4B |
负债/权益比EPDGD
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 14.5% |
| 资本支出强度资本支出/营收 | 1.4% | 1.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $6.2B |
8季度趋势，按日历期对齐
经营现金流EPDGD
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.3B | $-148.0M | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $1.6B | $814.0M |
自由现金流EPDGD
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $952.0M | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $762.0M | $1.4B | ||
| Q1 25 | $1.3B | $-290.0M | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $898.0M | $1.2B | ||
| Q2 24 | $310.0M | $613.0M |
自由现金流率EPDGD
| Q1 26 | — | 14.5% | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | 6.7% | 10.7% | ||
| Q1 25 | 8.1% | -2.4% | ||
| Q4 24 | 9.1% | 13.5% | ||
| Q3 24 | 6.5% | 10.4% | ||
| Q2 24 | 2.3% | 5.1% |
资本支出强度EPDGD
| Q1 26 | 1.4% | 1.5% | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 11.4% | 1.5% | ||
| Q1 25 | 6.9% | 1.2% | ||
| Q4 24 | 7.5% | 2.7% | ||
| Q3 24 | 8.5% | 1.7% | ||
| Q2 24 | 9.4% | 1.7% |
现金转化率EPDGD
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 1.37× | ||
| Q3 25 | 1.30× | 1.99× | ||
| Q2 25 | 1.44× | 1.58× | ||
| Q1 25 | 1.66× | -0.15× | ||
| Q4 24 | 1.46× | 1.88× | ||
| Q3 24 | 1.46× | 1.52× | ||
| Q2 24 | 1.12× | 0.90× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
