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Eversource Energy（ES）与NVR, Inc.（NVR）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NVR, Inc.的1.2倍（$3.4B vs $2.7B），NVR, Inc.净利率更高（13.4% vs 12.6%，领先0.9%），Eversource Energy同比增速更快（13.4% vs -4.7%），NVR, Inc.自由现金流更多（$436.0M vs $-67.3M），过去两年NVR, Inc.的营收复合增速更高（7.8% 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。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
ES vs NVR — 直观对比
营收规模更大
ES
是对方的1.2倍
$2.7B
营收增速更快
ES
高出18.1%
-4.7%
净利率更高
NVR
高出0.9%
12.6%
自由现金流更多
NVR
多$503.3M
$-67.3M
两年增速更快
NVR
近两年复合增速
0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.7B |
| 净利润 | $423.2M | $363.8M |
| 毛利率 | — | — |
| 营业利润率 | 21.1% | — |
| 净利率 | 12.6% | 13.4% |
| 营收同比 | 13.4% | -4.7% |
| 净利润同比 | 468.8% | -20.5% |
| 每股收益（稀释后） | $1.11 | $120.85 |
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ESNVR
| Q4 25 | $3.4B | $2.7B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $4.1B | $2.4B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.5B | $2.6B | ||
| Q1 24 | $3.3B | $2.3B |
净利润ESNVR
| Q4 25 | $423.2M | $363.8M | ||
| Q3 25 | $369.4M | $342.7M | ||
| Q2 25 | $354.6M | $333.7M | ||
| Q1 25 | $552.7M | $299.6M | ||
| Q4 24 | $74.4M | $457.4M | ||
| Q3 24 | $-116.2M | $429.3M | ||
| Q2 24 | $337.2M | $400.9M | ||
| Q1 24 | $523.7M | $394.3M |
营业利润率ESNVR
| Q4 25 | 21.1% | — | ||
| Q3 25 | 21.4% | — | ||
| Q2 25 | 23.4% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 25.4% | — |
净利率ESNVR
| Q4 25 | 12.6% | 13.4% | ||
| Q3 25 | 11.5% | 13.1% | ||
| Q2 25 | 12.5% | 12.8% | ||
| Q1 25 | 13.4% | 12.5% | ||
| Q4 24 | 2.5% | 16.1% | ||
| Q3 24 | -3.8% | 15.7% | ||
| Q2 24 | 13.3% | 15.3% | ||
| Q1 24 | 15.7% | 16.9% |
每股收益（稀释后）ESNVR
| Q4 25 | $1.11 | $120.85 | ||
| Q3 25 | $0.99 | $112.33 | ||
| Q2 25 | $0.96 | $108.54 | ||
| Q1 25 | $1.50 | $94.83 | ||
| Q4 24 | $0.16 | $139.09 | ||
| Q3 24 | $-0.33 | $130.50 | ||
| Q2 24 | $0.95 | $120.69 | ||
| Q1 24 | $1.49 | $116.41 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $16.2B | $3.9B |
| 总资产 | $63.8B | $5.9B |
| 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ESNVR
| Q4 25 | $135.4M | — | ||
| Q3 25 | $259.3M | — | ||
| Q2 25 | $343.7M | — | ||
| Q1 25 | $111.4M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $97.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ESNVR
| Q4 25 | $16.2B | $3.9B | ||
| Q3 25 | $16.0B | $4.0B | ||
| Q2 25 | $15.7B | $3.8B | ||
| Q1 25 | $15.3B | $4.0B | ||
| Q4 24 | $15.0B | $4.2B | ||
| Q3 24 | $15.0B | $4.3B | ||
| Q2 24 | $14.8B | $4.1B | ||
| Q1 24 | $14.5B | $4.3B |
总资产ESNVR
| Q4 25 | $63.8B | $5.9B | ||
| Q3 25 | $61.7B | $6.0B | ||
| Q2 25 | $61.0B | $5.9B | ||
| Q1 25 | $60.2B | $6.2B | ||
| Q4 24 | $59.6B | $6.4B | ||
| Q3 24 | $58.6B | $6.5B | ||
| Q2 24 | $58.4B | $6.4B | ||
| Q1 24 | $57.3B | $6.5B |
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 | $439.7M |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | $436.0M |
| 自由现金流率自由现金流/营收 | -2.0% | 16.1% |
| 资本支出强度资本支出/营收 | 29.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.16× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $-45.1M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ESNVR
| Q4 25 | $916.1M | $439.7M | ||
| Q3 25 | $1.1B | $438.7M | ||
| Q2 25 | $1.1B | $35.1M | ||
| Q1 25 | $1.0B | $207.8M | ||
| Q4 24 | $642.1M | $637.0M | ||
| Q3 24 | $555.6M | $358.3M | ||
| Q2 24 | $670.7M | $232.7M | ||
| Q1 24 | $291.3M | $146.5M |
自由现金流ESNVR
| Q4 25 | $-67.3M | $436.0M | ||
| Q3 25 | $-26.3M | $433.3M | ||
| Q2 25 | $15.3M | $26.8M | ||
| Q1 25 | $33.2M | $200.7M | ||
| Q4 24 | $-546.5M | $631.5M | ||
| Q3 24 | $-515.4M | $350.1M | ||
| Q2 24 | $-400.8M | $226.3M | ||
| Q1 24 | $-858.1M | $137.5M |
自由现金流率ESNVR
| Q4 25 | -2.0% | 16.1% | ||
| Q3 25 | -0.8% | 16.6% | ||
| Q2 25 | 0.5% | 1.0% | ||
| Q1 25 | 0.8% | 8.4% | ||
| Q4 24 | -18.4% | 22.2% | ||
| Q3 24 | -16.8% | 12.8% | ||
| Q2 24 | -15.8% | 8.7% | ||
| Q1 24 | -25.7% | 5.9% |
资本支出强度ESNVR
| Q4 25 | 29.2% | 0.1% | ||
| Q3 25 | 35.0% | 0.2% | ||
| Q2 25 | 36.7% | 0.3% | ||
| Q1 25 | 24.5% | 0.3% | ||
| Q4 24 | 40.0% | 0.2% | ||
| Q3 24 | 35.0% | 0.3% | ||
| Q2 24 | 42.3% | 0.2% | ||
| Q1 24 | 34.5% | 0.4% |
现金转化率ESNVR
| Q4 25 | 2.16× | 1.21× | ||
| Q3 25 | 2.98× | 1.28× | ||
| Q2 25 | 2.98× | 0.11× | ||
| Q1 25 | 1.88× | 0.69× | ||
| Q4 24 | 8.63× | 1.39× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | 1.99× | 0.58× | ||
| Q1 24 | 0.56× | 0.37× |
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% |
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
