vs
Eversource Energy（ES）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.3倍（$3.4B vs $2.7B），Eversource Energy净利率更高（12.6% vs -1.4%，领先13.9%），Eversource Energy同比增速更快（13.4% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $-67.3M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
ES vs QVCGA — 直观对比
营收规模更大
ES
是对方的1.3倍
$2.7B
营收增速更快
ES
高出22.5%
-9.1%
净利率更高
ES
高出13.9%
-1.4%
自由现金流更多
QVCGA
多$258.3M
$-67.3M
两年增速更快
QVCGA
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 | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | 21.1% | 3.7% |
| 净利率 | 12.6% | -1.4% |
| 营收同比 | 13.4% | -9.1% |
| 净利润同比 | 468.8% | 97.1% |
| 每股收益（稀释后） | $1.11 | $-17.37 |
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ESQVCGA
| Q4 25 | $3.4B | $2.7B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $4.1B | $2.1B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.5B | $2.4B | ||
| Q1 24 | $3.3B | $2.3B |
净利润ESQVCGA
| Q4 25 | $423.2M | $-37.0M | ||
| Q3 25 | $369.4M | $-80.0M | ||
| Q2 25 | $354.6M | $-2.2B | ||
| Q1 25 | $552.7M | $-100.0M | ||
| Q4 24 | $74.4M | $-1.3B | ||
| Q3 24 | $-116.2M | $-23.0M | ||
| Q2 24 | $337.2M | $20.0M | ||
| Q1 24 | $523.7M | $-1.0M |
毛利率ESQVCGA
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 35.5% |
营业利润率ESQVCGA
| Q4 25 | 21.1% | 3.7% | ||
| Q3 25 | 21.4% | 2.7% | ||
| Q2 25 | 23.4% | -101.6% | ||
| Q1 25 | 22.5% | 0.7% | ||
| Q4 24 | 11.7% | -43.2% | ||
| Q3 24 | 20.0% | 6.5% | ||
| Q2 24 | 23.8% | 6.9% | ||
| Q1 24 | 25.4% | 6.2% |
净利率ESQVCGA
| Q4 25 | 12.6% | -1.4% | ||
| Q3 25 | 11.5% | -3.6% | ||
| Q2 25 | 12.5% | -99.4% | ||
| Q1 25 | 13.4% | -4.8% | ||
| Q4 24 | 2.5% | -43.7% | ||
| Q3 24 | -3.8% | -1.0% | ||
| Q2 24 | 13.3% | 0.8% | ||
| Q1 24 | 15.7% | -0.0% |
每股收益（稀释后）ESQVCGA
| Q4 25 | $1.11 | $-17.37 | ||
| Q3 25 | $0.99 | $-9.89 | ||
| Q2 25 | $0.96 | $-275.46 | ||
| Q1 25 | $1.50 | $-0.25 | ||
| Q4 24 | $0.16 | — | ||
| Q3 24 | $-0.33 | $-0.06 | ||
| Q2 24 | $0.95 | $2.57 | ||
| Q1 24 | $1.49 | — |
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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $16.2B | $-3.1B |
| 总资产 | $63.8B | $7.6B |
| 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ESQVCGA
| Q4 25 | $135.4M | $2.0B | ||
| Q3 25 | $259.3M | $1.8B | ||
| Q2 25 | $343.7M | $897.0M | ||
| Q1 25 | $111.4M | $833.0M | ||
| Q4 24 | $26.7M | $905.0M | ||
| Q3 24 | $97.9M | $873.0M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.1B |
总债务ESQVCGA
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益ESQVCGA
| Q4 25 | $16.2B | $-3.1B | ||
| Q3 25 | $16.0B | $-3.1B | ||
| Q2 25 | $15.7B | $-3.0B | ||
| Q1 25 | $15.3B | $-981.0M | ||
| Q4 24 | $15.0B | $-971.0M | ||
| Q3 24 | $15.0B | $397.0M | ||
| Q2 24 | $14.8B | $328.0M | ||
| Q1 24 | $14.5B | $255.0M |
总资产ESQVCGA
| Q4 25 | $63.8B | $7.6B | ||
| Q3 25 | $61.7B | $7.6B | ||
| Q2 25 | $61.0B | $6.7B | ||
| Q1 25 | $60.2B | $9.0B | ||
| Q4 24 | $59.6B | $9.2B | ||
| Q3 24 | $58.6B | $10.8B | ||
| Q2 24 | $58.4B | $10.9B | ||
| Q1 24 | $57.3B | $11.0B |
负债/权益比ESQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× | ||
| Q1 24 | — | 21.53× |
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 | $916.1M | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | $191.0M |
| 自由现金流率自由现金流/营收 | -2.0% | 7.1% |
| 资本支出强度资本支出/营收 | 29.2% | 2.0% |
| 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 | $118.0M |
8季度趋势，按日历期对齐
经营现金流ESQVCGA
| Q4 25 | $916.1M | $244.0M | ||
| Q3 25 | $1.1B | $4.0M | ||
| Q2 25 | $1.1B | $86.0M | ||
| Q1 25 | $1.0B | $-60.0M | ||
| Q4 24 | $642.1M | $212.0M | ||
| Q3 24 | $555.6M | $20.0M | ||
| Q2 24 | $670.7M | $267.0M | ||
| Q1 24 | $291.3M | $26.0M |
自由现金流ESQVCGA
| Q4 25 | $-67.3M | $191.0M | ||
| Q3 25 | $-26.3M | $-27.0M | ||
| Q2 25 | $15.3M | $48.0M | ||
| Q1 25 | $33.2M | $-94.0M | ||
| Q4 24 | $-546.5M | $150.0M | ||
| Q3 24 | $-515.4M | $-23.0M | ||
| Q2 24 | $-400.8M | $213.0M | ||
| Q1 24 | $-858.1M | $-14.0M |
自由现金流率ESQVCGA
| Q4 25 | -2.0% | 7.1% | ||
| Q3 25 | -0.8% | -1.2% | ||
| Q2 25 | 0.5% | 2.1% | ||
| Q1 25 | 0.8% | -4.5% | ||
| Q4 24 | -18.4% | 5.1% | ||
| Q3 24 | -16.8% | -1.0% | ||
| Q2 24 | -15.8% | 8.8% | ||
| Q1 24 | -25.7% | -0.6% |
资本支出强度ESQVCGA
| Q4 25 | 29.2% | 2.0% | ||
| Q3 25 | 35.0% | 1.4% | ||
| Q2 25 | 36.7% | 1.7% | ||
| Q1 25 | 24.5% | 1.6% | ||
| Q4 24 | 40.0% | 2.1% | ||
| Q3 24 | 35.0% | 1.8% | ||
| Q2 24 | 42.3% | 2.2% | ||
| Q1 24 | 34.5% | 1.7% |
现金转化率ESQVCGA
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 8.63× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.99× | 13.35× | ||
| Q1 24 | 0.56× | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
