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Eversource Energy（ES）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Eversource Energy的1.1倍（$3.8B vs $3.4B），Eversource Energy净利率更高（12.6% vs -31.8%，领先44.4%），Eversource Energy同比增速更快（13.4% vs -4.3%），Eversource Energy自由现金流更多（$-67.3M vs $-583.4M），过去两年Eversource Energy的营收复合增速更高（0.6% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
ES vs SATS — 直观对比
营收规模更大
SATS
是对方的1.1倍
$3.4B
营收增速更快
ES
高出17.7%
-4.3%
净利率更高
ES
高出44.4%
-31.8%
自由现金流更多
ES
多$516.2M
$-583.4M
两年增速更快
ES
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.8B |
| 净利润 | $423.2M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | 21.1% | -20.5% |
| 净利率 | 12.6% | -31.8% |
| 营收同比 | 13.4% | -4.3% |
| 净利润同比 | 468.8% | -460.1% |
| 每股收益（稀释后） | $1.11 | $-4.27 |
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ESSATS
| Q4 25 | $3.4B | $3.8B | ||
| Q3 25 | $3.2B | $3.6B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $4.1B | $3.9B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $3.1B | $3.9B | ||
| Q2 24 | $2.5B | $4.0B | ||
| Q1 24 | $3.3B | $4.0B |
净利润ESSATS
| Q4 25 | $423.2M | $-1.2B | ||
| Q3 25 | $369.4M | $-12.8B | ||
| Q2 25 | $354.6M | $-306.1M | ||
| Q1 25 | $552.7M | $-202.7M | ||
| Q4 24 | $74.4M | $335.2M | ||
| Q3 24 | $-116.2M | $-141.8M | ||
| Q2 24 | $337.2M | $-205.6M | ||
| Q1 24 | $523.7M | $-107.4M |
营业利润率ESSATS
| Q4 25 | 21.1% | -20.5% | ||
| Q3 25 | 21.4% | -460.5% | ||
| Q2 25 | 23.4% | -5.7% | ||
| Q1 25 | 22.5% | -2.3% | ||
| Q4 24 | 11.7% | -1.6% | ||
| Q3 24 | 20.0% | -4.1% | ||
| Q2 24 | 23.8% | -1.7% | ||
| Q1 24 | 25.4% | -0.4% |
净利率ESSATS
| Q4 25 | 12.6% | -31.8% | ||
| Q3 25 | 11.5% | -353.6% | ||
| Q2 25 | 12.5% | -8.2% | ||
| Q1 25 | 13.4% | -5.2% | ||
| Q4 24 | 2.5% | 8.5% | ||
| Q3 24 | -3.8% | -3.6% | ||
| Q2 24 | 13.3% | -5.2% | ||
| Q1 24 | 15.7% | -2.7% |
每股收益（稀释后）ESSATS
| Q4 25 | $1.11 | $-4.27 | ||
| Q3 25 | $0.99 | $-44.37 | ||
| Q2 25 | $0.96 | $-1.06 | ||
| Q1 25 | $1.50 | $-0.71 | ||
| Q4 24 | $0.16 | $1.24 | ||
| Q3 24 | $-0.33 | $-0.52 | ||
| Q2 24 | $0.95 | $-0.76 | ||
| Q1 24 | $1.49 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $16.2B | $5.8B |
| 总资产 | $63.8B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资ESSATS
| Q4 25 | $135.4M | $3.0B | ||
| Q3 25 | $259.3M | $3.9B | ||
| Q2 25 | $343.7M | $4.3B | ||
| Q1 25 | $111.4M | $5.1B | ||
| Q4 24 | $26.7M | $5.5B | ||
| Q3 24 | $97.9M | $674.4M | ||
| Q2 24 | — | $520.6M | ||
| Q1 24 | — | $766.4M |
总债务ESSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益ESSATS
| Q4 25 | $16.2B | $5.8B | ||
| Q3 25 | $16.0B | $7.0B | ||
| Q2 25 | $15.7B | $19.7B | ||
| Q1 25 | $15.3B | $20.0B | ||
| Q4 24 | $15.0B | $20.2B | ||
| Q3 24 | $15.0B | $19.4B | ||
| Q2 24 | $14.8B | $19.6B | ||
| Q1 24 | $14.5B | $19.8B |
总资产ESSATS
| Q4 25 | $63.8B | $43.0B | ||
| Q3 25 | $61.7B | $45.3B | ||
| Q2 25 | $61.0B | $59.9B | ||
| Q1 25 | $60.2B | $60.6B | ||
| Q4 24 | $59.6B | $60.9B | ||
| Q3 24 | $58.6B | $57.5B | ||
| Q2 24 | $58.4B | $55.3B | ||
| Q1 24 | $57.3B | $55.6B |
负债/权益比ESSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | $-583.4M |
| 自由现金流率自由现金流/营收 | -2.0% | -15.4% |
| 资本支出强度资本支出/营收 | 29.2% | 4.2% |
| 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 | $-1.1B |
8季度趋势，按日历期对齐
经营现金流ESSATS
| Q4 25 | $916.1M | $-425.3M | ||
| Q3 25 | $1.1B | $111.7M | ||
| Q2 25 | $1.1B | $7.5M | ||
| Q1 25 | $1.0B | $206.8M | ||
| Q4 24 | $642.1M | $45.6M | ||
| Q3 24 | $555.6M | $276.2M | ||
| Q2 24 | $670.7M | $479.7M | ||
| Q1 24 | $291.3M | $451.3M |
自由现金流ESSATS
| Q4 25 | $-67.3M | $-583.4M | ||
| Q3 25 | $-26.3M | $-144.4M | ||
| Q2 25 | $15.3M | $-285.7M | ||
| Q1 25 | $33.2M | $-51.7M | ||
| Q4 24 | $-546.5M | $-298.7M | ||
| Q3 24 | $-515.4M | $-57.5M | ||
| Q2 24 | $-400.8M | $132.4M | ||
| Q1 24 | $-858.1M | $-68.4M |
自由现金流率ESSATS
| Q4 25 | -2.0% | -15.4% | ||
| Q3 25 | -0.8% | -4.0% | ||
| Q2 25 | 0.5% | -7.7% | ||
| Q1 25 | 0.8% | -1.3% | ||
| Q4 24 | -18.4% | -7.5% | ||
| Q3 24 | -16.8% | -1.5% | ||
| Q2 24 | -15.8% | 3.3% | ||
| Q1 24 | -25.7% | -1.7% |
资本支出强度ESSATS
| Q4 25 | 29.2% | 4.2% | ||
| Q3 25 | 35.0% | 7.1% | ||
| Q2 25 | 36.7% | 7.9% | ||
| Q1 25 | 24.5% | 6.7% | ||
| Q4 24 | 40.0% | 8.7% | ||
| Q3 24 | 35.0% | 8.6% | ||
| Q2 24 | 42.3% | 8.8% | ||
| Q1 24 | 34.5% | 12.9% |
现金转化率ESSATS
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 8.63× | 0.14× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.99× | — | ||
| 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% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
