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Eversource Energy（ES）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Eversource Energy的季度营收约是Liberty Global Ltd.的1.4倍（$3.4B vs $2.4B），Liberty Global Ltd.净利率更高（15.0% vs 12.6%，领先2.4%），Eversource Energy同比增速更快（13.4% vs -3.6%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% vs 0.6%）
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
ES vs LBTYA — 直观对比
营收规模更大
ES
是对方的1.4倍
$2.4B
营收增速更快
ES
高出17.0%
-3.6%
净利率更高
LBTYA
高出2.4%
12.6%
两年增速更快
LBTYA
近两年复合增速
0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.4B |
| 净利润 | $423.2M | $358.2M |
| 毛利率 | — | — |
| 营业利润率 | 21.1% | 1.0% |
| 净利率 | 12.6% | 15.0% |
| 营收同比 | 13.4% | -3.6% |
| 净利润同比 | 468.8% | 127.1% |
| 每股收益（稀释后） | $1.11 | — |
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ESLBTYA
| Q1 26 | — | $2.4B | ||
| Q4 25 | $3.4B | $1.2B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $4.1B | $1.2B | ||
| Q4 24 | $3.0B | $-1.4B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $2.5B | $1.9B |
净利润ESLBTYA
| Q1 26 | — | $358.2M | ||
| Q4 25 | $423.2M | $-2.9B | ||
| Q3 25 | $369.4M | $-90.7M | ||
| Q2 25 | $354.6M | $-2.8B | ||
| Q1 25 | $552.7M | $-1.3B | ||
| Q4 24 | $74.4M | $2.2B | ||
| Q3 24 | $-116.2M | $-1.4B | ||
| Q2 24 | $337.2M | $268.1M |
毛利率ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | 66.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 63.3% | ||
| Q1 25 | — | 65.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 69.4% | ||
| Q2 24 | — | 68.5% |
营业利润率ESLBTYA
| Q1 26 | — | 1.0% | ||
| Q4 25 | 21.1% | -8.6% | ||
| Q3 25 | 21.4% | -0.7% | ||
| Q2 25 | 23.4% | 2.3% | ||
| Q1 25 | 22.5% | 5.2% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 20.0% | 5.2% | ||
| Q2 24 | 23.8% | 1.0% |
净利率ESLBTYA
| Q1 26 | — | 15.0% | ||
| Q4 25 | 12.6% | -237.0% | ||
| Q3 25 | 11.5% | -7.5% | ||
| Q2 25 | 12.5% | -220.1% | ||
| Q1 25 | 13.4% | -114.2% | ||
| Q4 24 | 2.5% | -158.9% | ||
| Q3 24 | -3.8% | -74.1% | ||
| Q2 24 | 13.3% | 14.3% |
每股收益（稀释后）ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $1.11 | $-8.66 | ||
| Q3 25 | $0.99 | $-0.27 | ||
| Q2 25 | $0.96 | $-8.09 | ||
| Q1 25 | $1.50 | $-3.84 | ||
| Q4 24 | $0.16 | $6.15 | ||
| Q3 24 | $-0.33 | $-3.95 | ||
| Q2 24 | $0.95 | $0.71 |
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 | $135.4M | $-387.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $16.2B | — |
| 总资产 | $63.8B | — |
| 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ESLBTYA
| Q1 26 | — | $-387.3M | ||
| Q4 25 | $135.4M | $2.2B | ||
| Q3 25 | $259.3M | $1.7B | ||
| Q2 25 | $343.7M | $3.1B | ||
| Q1 25 | $111.4M | $2.0B | ||
| Q4 24 | $26.7M | $2.2B | ||
| Q3 24 | $97.9M | $3.3B | ||
| Q2 24 | — | $3.2B |
总债务ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $14.9B | ||
| Q2 24 | — | $14.7B |
股东权益ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $16.2B | $9.7B | ||
| Q3 25 | $16.0B | $12.7B | ||
| Q2 25 | $15.7B | $13.0B | ||
| Q1 25 | $15.3B | $12.6B | ||
| Q4 24 | $15.0B | $12.4B | ||
| Q3 24 | $15.0B | $18.7B | ||
| Q2 24 | $14.8B | $18.3B |
总资产ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $63.8B | $22.6B | ||
| Q3 25 | $61.7B | $25.4B | ||
| Q2 25 | $61.0B | $27.2B | ||
| Q1 25 | $60.2B | $26.0B | ||
| Q4 24 | $59.6B | $25.4B | ||
| Q3 24 | $58.6B | $41.8B | ||
| Q2 24 | $58.4B | $40.8B |
负债/权益比ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× |
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 | $916.1M | $107.6M |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | — |
| 自由现金流率自由现金流/营收 | -2.0% | — |
| 资本支出强度资本支出/营收 | 29.2% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.16× | 0.30× |
| 过去12个月自由现金流最近4个季度 | $-45.1M | — |
8季度趋势，按日历期对齐
经营现金流ESLBTYA
| Q1 26 | — | $107.6M | ||
| Q4 25 | $916.1M | $630.9M | ||
| Q3 25 | $1.1B | $301.8M | ||
| Q2 25 | $1.1B | $149.2M | ||
| Q1 25 | $1.0B | $129.2M | ||
| Q4 24 | $642.1M | $791.6M | ||
| Q3 24 | $555.6M | $449.5M | ||
| Q2 24 | $670.7M | $546.1M |
自由现金流ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $-67.3M | $193.3M | ||
| Q3 25 | $-26.3M | $-41.1M | ||
| Q2 25 | $15.3M | $-170.1M | ||
| Q1 25 | $33.2M | $-114.1M | ||
| Q4 24 | $-546.5M | $712.9M | ||
| Q3 24 | $-515.4M | $102.4M | ||
| Q2 24 | $-400.8M | $256.8M |
自由现金流率ESLBTYA
| Q1 26 | — | — | ||
| Q4 25 | -2.0% | 15.7% | ||
| Q3 25 | -0.8% | -3.4% | ||
| Q2 25 | 0.5% | -13.4% | ||
| Q1 25 | 0.8% | -9.7% | ||
| Q4 24 | -18.4% | -50.5% | ||
| Q3 24 | -16.8% | 5.3% | ||
| Q2 24 | -15.8% | 13.7% |
资本支出强度ESLBTYA
| Q1 26 | — | 1.5% | ||
| Q4 25 | 29.2% | 35.5% | ||
| Q3 25 | 35.0% | 28.4% | ||
| Q2 25 | 36.7% | 25.2% | ||
| Q1 25 | 24.5% | 20.8% | ||
| Q4 24 | 40.0% | -5.6% | ||
| Q3 24 | 35.0% | 17.9% | ||
| Q2 24 | 42.3% | 15.4% |
现金转化率ESLBTYA
| Q1 26 | — | 0.30× | ||
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 8.63× | 0.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.99× | 2.04× |
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
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
