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ENTERPRISE PRODUCTS PARTNERS L.P.（EPD）与高通（QCOM）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.的季度营收约是高通的1.2倍（$14.4B vs $12.3B），高通净利率更高（24.5% vs 10.4%，领先14.1%），高通同比增速更快（5.0% vs -72.1%），高通自由现金流更多（$4.4B vs $1.9B），过去两年高通的营收复合增速更高（14.2% 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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
EPD vs QCOM — 直观对比
营收规模更大
EPD
是对方的1.2倍
$12.3B
营收增速更快
QCOM
高出77.1%
-72.1%
净利率更高
QCOM
高出14.1%
10.4%
自由现金流更多
QCOM
多$2.5B
$1.9B
两年增速更快
QCOM
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $12.3B |
| 净利润 | $1.5B | $3.0B |
| 毛利率 | — | 54.6% |
| 营业利润率 | 13.2% | 27.5% |
| 净利率 | 10.4% | 24.5% |
| 营收同比 | -72.1% | 5.0% |
| 净利润同比 | 6.4% | -5.5% |
| 每股收益（稀释后） | — | $2.78 |
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EPDQCOM
| Q1 26 | $14.4B | — | ||
| Q4 25 | $13.8B | $12.3B | ||
| Q3 25 | $12.0B | $11.3B | ||
| Q2 25 | $11.4B | $10.4B | ||
| Q1 25 | $15.4B | $11.0B | ||
| Q4 24 | $14.2B | $11.7B | ||
| Q3 24 | $13.8B | $10.2B | ||
| Q2 24 | $13.5B | $9.4B |
净利润EPDQCOM
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.6B | $3.0B | ||
| Q3 25 | $1.3B | $-3.1B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.6B | $3.2B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.1B |
毛利率EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | 54.6% | ||
| Q3 25 | 28.6% | 55.3% | ||
| Q2 25 | 30.5% | 55.6% | ||
| Q1 25 | 22.1% | 55.0% | ||
| Q4 24 | 25.3% | 55.8% | ||
| Q3 24 | 24.6% | 56.4% | ||
| Q2 24 | 24.5% | 55.6% |
营业利润率EPDQCOM
| Q1 26 | 13.2% | — | ||
| Q4 25 | 14.7% | 27.5% | ||
| Q3 25 | 14.0% | 25.9% | ||
| Q2 25 | 15.8% | 26.6% | ||
| Q1 25 | 11.4% | 28.4% | ||
| Q4 24 | 13.9% | 30.5% | ||
| Q3 24 | 12.9% | 25.2% | ||
| Q2 24 | 13.1% | 23.6% |
净利率EPDQCOM
| Q1 26 | 10.4% | — | ||
| Q4 25 | 11.9% | 24.5% | ||
| Q3 25 | 11.1% | -27.7% | ||
| Q2 25 | 12.6% | 25.7% | ||
| Q1 25 | 9.0% | 25.6% | ||
| Q4 24 | 11.4% | 27.3% | ||
| Q3 24 | 10.3% | 28.5% | ||
| Q2 24 | 10.4% | 22.7% |
每股收益（稀释后）EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $-2.77 | ||
| Q2 25 | — | $2.43 | ||
| Q1 25 | — | $2.52 | ||
| Q4 24 | — | $2.83 | ||
| Q3 24 | — | $2.57 | ||
| Q2 24 | — | $1.88 |
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 | — | $11.8B |
| 总债务越低越好 | — | $14.8B |
| 股东权益账面价值 | — | $23.1B |
| 总资产 | — | $53.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | $969.0M | $11.8B | ||
| Q3 25 | $206.0M | $10.2B | ||
| Q2 25 | $870.0M | $10.0B | ||
| Q1 25 | $220.0M | $13.8B | ||
| Q4 24 | $583.0M | $14.3B | ||
| Q3 24 | $1.4B | $13.3B | ||
| Q2 24 | $138.0M | $13.0B |
总债务EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | — | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B |
股东权益EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | $23.1B | ||
| Q3 25 | — | $21.2B | ||
| Q2 25 | — | $27.2B | ||
| Q1 25 | — | $27.7B | ||
| Q4 24 | — | $26.9B | ||
| Q3 24 | — | $26.3B | ||
| Q2 24 | — | $24.7B |
总资产EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | $77.9B | $53.0B | ||
| Q3 25 | $77.8B | $50.1B | ||
| Q2 25 | $77.4B | $54.9B | ||
| Q1 25 | $75.4B | $55.4B | ||
| Q4 24 | $77.2B | $55.6B | ||
| Q3 24 | $75.1B | $55.2B | ||
| Q2 24 | $73.6B | $52.7B |
负债/权益比EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.53× |
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 | — | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $4.4B |
| 自由现金流率自由现金流/营收 | 13.4% | 36.0% |
| 资本支出强度资本支出/营收 | 1.4% | 4.5% |
| 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 | — | $12.9B |
8季度趋势，按日历期对齐
经营现金流EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $5.0B | ||
| Q3 25 | $1.7B | $4.0B | ||
| Q2 25 | $2.1B | $2.9B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.4B | $4.6B | ||
| Q3 24 | $2.1B | $2.6B | ||
| Q2 24 | $1.6B | $3.1B |
自由现金流EPDQCOM
| Q1 26 | $1.9B | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $762.0M | $2.6B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $898.0M | $2.4B | ||
| Q2 24 | $310.0M | $2.7B |
自由现金流率EPDQCOM
| Q1 26 | 13.4% | — | ||
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 31.8% | ||
| Q2 25 | 6.7% | 24.9% | ||
| Q1 25 | 8.1% | 21.3% | ||
| Q4 24 | 9.1% | 36.9% | ||
| Q3 24 | 6.5% | 23.3% | ||
| Q2 24 | 2.3% | 28.4% |
资本支出强度EPDQCOM
| Q1 26 | 1.4% | — | ||
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | 11.4% | 2.8% | ||
| Q1 25 | 6.9% | 1.9% | ||
| Q4 24 | 7.5% | 2.4% | ||
| Q3 24 | 8.5% | 2.5% | ||
| Q2 24 | 9.4% | 4.1% |
现金转化率EPDQCOM
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 1.65× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.44× | 1.08× | ||
| Q1 25 | 1.66× | 0.91× | ||
| Q4 24 | 1.46× | 1.44× | ||
| Q3 24 | 1.46× | 0.91× | ||
| Q2 24 | 1.12× | 1.43× |
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
EPD
暂无分部数据
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
