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Eversource Energy（ES）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
Eversource Energy的季度营收约是欧文斯科宁的1.6倍（$3.4B vs $2.1B），Eversource Energy净利率更高（12.6% vs -13.9%，领先26.5%），Eversource Energy同比增速更快（13.4% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $-67.3M），过去两年Eversource Energy的营收复合增速更高（0.6% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
ES vs OC — 直观对比
营收规模更大
ES
是对方的1.6倍
$2.1B
营收增速更快
ES
高出38.0%
-24.6%
净利率更高
ES
高出26.5%
-13.9%
自由现金流更多
OC
多$400.3M
$-67.3M
两年增速更快
ES
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.1B |
| 净利润 | $423.2M | $-298.0M |
| 毛利率 | — | 23.2% |
| 营业利润率 | 21.1% | -10.5% |
| 净利率 | 12.6% | -13.9% |
| 营收同比 | 13.4% | -24.6% |
| 净利润同比 | 468.8% | -15.5% |
| 每股收益（稀释后） | $1.11 | $-3.47 |
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ESOC
| Q4 25 | $3.4B | $2.1B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $2.8B | $2.7B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $3.1B | $3.0B | ||
| Q2 24 | $2.5B | $2.8B | ||
| Q1 24 | $3.3B | $2.3B |
净利润ESOC
| Q4 25 | $423.2M | $-298.0M | ||
| Q3 25 | $369.4M | $-494.0M | ||
| Q2 25 | $354.6M | $363.0M | ||
| Q1 25 | $552.7M | $-93.0M | ||
| Q4 24 | $74.4M | $-258.0M | ||
| Q3 24 | $-116.2M | $321.0M | ||
| Q2 24 | $337.2M | $285.0M | ||
| Q1 24 | $523.7M | $299.0M |
毛利率ESOC
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 29.6% |
营业利润率ESOC
| Q4 25 | 21.1% | -10.5% | ||
| Q3 25 | 21.4% | -12.2% | ||
| Q2 25 | 23.4% | 18.4% | ||
| Q1 25 | 22.5% | 16.1% | ||
| Q4 24 | 11.7% | -8.5% | ||
| Q3 24 | 20.0% | 16.7% | ||
| Q2 24 | 23.8% | 16.4% | ||
| Q1 24 | 25.4% | 17.5% |
净利率ESOC
| Q4 25 | 12.6% | -13.9% | ||
| Q3 25 | 11.5% | -18.4% | ||
| Q2 25 | 12.5% | 13.2% | ||
| Q1 25 | 13.4% | -3.7% | ||
| Q4 24 | 2.5% | -9.1% | ||
| Q3 24 | -3.8% | 10.5% | ||
| Q2 24 | 13.3% | 10.2% | ||
| Q1 24 | 15.7% | 13.0% |
每股收益（稀释后）ESOC
| Q4 25 | $1.11 | $-3.47 | ||
| Q3 25 | $0.99 | $-5.92 | ||
| Q2 25 | $0.96 | $4.25 | ||
| Q1 25 | $1.50 | $-1.08 | ||
| Q4 24 | $0.16 | $-2.92 | ||
| Q3 24 | $-0.33 | $3.65 | ||
| Q2 24 | $0.95 | $3.24 | ||
| Q1 24 | $1.49 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $16.2B | $3.9B |
| 总资产 | $63.8B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资ESOC
| Q4 25 | $135.4M | $345.0M | ||
| Q3 25 | $259.3M | $286.0M | ||
| Q2 25 | $343.7M | $230.0M | ||
| Q1 25 | $111.4M | $400.0M | ||
| Q4 24 | $26.7M | $361.0M | ||
| Q3 24 | $97.9M | $499.0M | ||
| Q2 24 | — | $254.0M | ||
| Q1 24 | — | $1.3B |
总债务ESOC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益ESOC
| Q4 25 | $16.2B | $3.9B | ||
| Q3 25 | $16.0B | $4.4B | ||
| Q2 25 | $15.7B | $5.2B | ||
| Q1 25 | $15.3B | $4.9B | ||
| Q4 24 | $15.0B | $5.1B | ||
| Q3 24 | $15.0B | $5.6B | ||
| Q2 24 | $14.8B | $5.5B | ||
| Q1 24 | $14.5B | $5.2B |
总资产ESOC
| Q4 25 | $63.8B | $13.0B | ||
| Q3 25 | $61.7B | $13.5B | ||
| Q2 25 | $61.0B | $14.5B | ||
| Q1 25 | $60.2B | $14.3B | ||
| Q4 24 | $59.6B | $14.1B | ||
| Q3 24 | $58.6B | $15.1B | ||
| Q2 24 | $58.4B | $15.0B | ||
| Q1 24 | $57.3B | $11.3B |
负债/权益比ESOC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | $333.0M |
| 自由现金流率自由现金流/营收 | -2.0% | 15.5% |
| 资本支出强度资本支出/营收 | 29.2% | 12.0% |
| 现金转化率经营现金流/净利润 | 2.16× | — |
| 过去12个月自由现金流最近4个季度 | $-45.1M | $962.0M |
8季度趋势，按日历期对齐
经营现金流ESOC
| Q4 25 | $916.1M | $590.0M | ||
| Q3 25 | $1.1B | $918.0M | ||
| Q2 25 | $1.1B | $327.0M | ||
| Q1 25 | $1.0B | $-49.0M | ||
| Q4 24 | $642.1M | $676.0M | ||
| Q3 24 | $555.6M | $699.0M | ||
| Q2 24 | $670.7M | $493.0M | ||
| Q1 24 | $291.3M | $24.0M |
自由现金流ESOC
| Q4 25 | $-67.3M | $333.0M | ||
| Q3 25 | $-26.3M | $752.0M | ||
| Q2 25 | $15.3M | $129.0M | ||
| Q1 25 | $33.2M | $-252.0M | ||
| Q4 24 | $-546.5M | $479.0M | ||
| Q3 24 | $-515.4M | $558.0M | ||
| Q2 24 | $-400.8M | $336.0M | ||
| Q1 24 | $-858.1M | $-128.0M |
自由现金流率ESOC
| Q4 25 | -2.0% | 15.5% | ||
| Q3 25 | -0.8% | 28.0% | ||
| Q2 25 | 0.5% | 4.7% | ||
| Q1 25 | 0.8% | -10.0% | ||
| Q4 24 | -18.4% | 16.9% | ||
| Q3 24 | -16.8% | 18.3% | ||
| Q2 24 | -15.8% | 12.0% | ||
| Q1 24 | -25.7% | -5.6% |
资本支出强度ESOC
| Q4 25 | 29.2% | 12.0% | ||
| Q3 25 | 35.0% | 6.2% | ||
| Q2 25 | 36.7% | 7.2% | ||
| Q1 25 | 24.5% | 8.0% | ||
| Q4 24 | 40.0% | 6.9% | ||
| Q3 24 | 35.0% | 4.6% | ||
| Q2 24 | 42.3% | 5.6% | ||
| Q1 24 | 34.5% | 6.6% |
现金转化率ESOC
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 2.98× | 0.90× | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 8.63× | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 1.99× | 1.73× | ||
| Q1 24 | 0.56× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
