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Eversource Energy（ES）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是Eversource Energy的1.1倍（$3.8B vs $3.4B），Williams Companies净利率更高（19.1% vs 12.6%，领先6.5%），Eversource Energy同比增速更快（13.4% vs 12.7%），Eversource Energy自由现金流更多（$-67.3M vs $-379.0M），过去两年Williams Companies的营收复合增速更高（7.3% 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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
ES vs WMB — 直观对比
营收规模更大
WMB
是对方的1.1倍
$3.4B
营收增速更快
ES
高出0.8%
12.7%
净利率更高
WMB
高出6.5%
12.6%
自由现金流更多
ES
多$311.7M
$-379.0M
两年增速更快
WMB
近两年复合增速
0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.8B |
| 净利润 | $423.2M | $734.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.1% | 27.3% |
| 净利率 | 12.6% | 19.1% |
| 营收同比 | 13.4% | 12.7% |
| 净利润同比 | 468.8% | 51.0% |
| 每股收益（稀释后） | $1.11 | $0.60 |
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ESWMB
| Q4 25 | $3.4B | $3.8B | ||
| Q3 25 | $3.2B | $3.5B | ||
| Q2 25 | $2.8B | $3.4B | ||
| Q1 25 | $4.1B | $4.2B | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $3.1B | $3.0B | ||
| Q2 24 | $2.5B | $2.8B | ||
| Q1 24 | $3.3B | $3.3B |
净利润ESWMB
| Q4 25 | $423.2M | $734.0M | ||
| Q3 25 | $369.4M | $647.0M | ||
| Q2 25 | $354.6M | $546.0M | ||
| Q1 25 | $552.7M | $691.0M | ||
| Q4 24 | $74.4M | $486.0M | ||
| Q3 24 | $-116.2M | $706.0M | ||
| Q2 24 | $337.2M | $401.0M | ||
| Q1 24 | $523.7M | $632.0M |
营业利润率ESWMB
| Q4 25 | 21.1% | 27.3% | ||
| Q3 25 | 21.4% | 31.8% | ||
| Q2 25 | 23.4% | 28.0% | ||
| Q1 25 | 22.5% | 26.1% | ||
| Q4 24 | 11.7% | 23.2% | ||
| Q3 24 | 20.0% | 27.6% | ||
| Q2 24 | 23.8% | 24.4% | ||
| Q1 24 | 25.4% | 30.3% |
净利率ESWMB
| Q4 25 | 12.6% | 19.1% | ||
| Q3 25 | 11.5% | 18.5% | ||
| Q2 25 | 12.5% | 16.2% | ||
| Q1 25 | 13.4% | 16.5% | ||
| Q4 24 | 2.5% | 14.2% | ||
| Q3 24 | -3.8% | 23.3% | ||
| Q2 24 | 13.3% | 14.1% | ||
| Q1 24 | 15.7% | 18.9% |
每股收益（稀释后）ESWMB
| Q4 25 | $1.11 | $0.60 | ||
| Q3 25 | $0.99 | $0.53 | ||
| Q2 25 | $0.96 | $0.45 | ||
| Q1 25 | $1.50 | $0.56 | ||
| Q4 24 | $0.16 | $0.39 | ||
| Q3 24 | $-0.33 | $0.58 | ||
| Q2 24 | $0.95 | $0.33 | ||
| Q1 24 | $1.49 | $0.52 |
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 | — | $27.3B |
| 股东权益账面价值 | $16.2B | $12.8B |
| 总资产 | $63.8B | $58.6B |
| 负债/权益比越低杠杆越低 | — | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资ESWMB
| 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 | — | — |
总债务ESWMB
| Q4 25 | — | $27.3B | ||
| Q3 25 | — | $25.6B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | — | $24.7B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.1B | ||
| Q1 24 | — | $24.1B |
股东权益ESWMB
| Q4 25 | $16.2B | $12.8B | ||
| Q3 25 | $16.0B | $12.5B | ||
| Q2 25 | $15.7B | $12.4B | ||
| Q1 25 | $15.3B | $12.5B | ||
| Q4 24 | $15.0B | $12.4B | ||
| Q3 24 | $15.0B | $12.4B | ||
| Q2 24 | $14.8B | $12.3B | ||
| Q1 24 | $14.5B | $12.4B |
总资产ESWMB
| Q4 25 | $63.8B | $58.6B | ||
| Q3 25 | $61.7B | $55.7B | ||
| Q2 25 | $61.0B | $56.1B | ||
| Q1 25 | $60.2B | $54.9B | ||
| Q4 24 | $59.6B | $54.5B | ||
| Q3 24 | $58.6B | $53.8B | ||
| Q2 24 | $58.4B | $52.4B | ||
| Q1 24 | $57.3B | $52.7B |
负债/权益比ESWMB
| Q4 25 | — | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× | ||
| Q1 24 | — | 1.94× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-67.3M | $-379.0M |
| 自由现金流率自由现金流/营收 | -2.0% | -9.9% |
| 资本支出强度资本支出/营收 | 29.2% | 50.9% |
| 现金转化率经营现金流/净利润 | 2.16× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $-45.1M | $1.0B |
8季度趋势，按日历期对齐
经营现金流ESWMB
| Q4 25 | $916.1M | $1.6B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $642.1M | $1.2B | ||
| Q3 24 | $555.6M | $1.2B | ||
| Q2 24 | $670.7M | $1.3B | ||
| Q1 24 | $291.3M | $1.2B |
自由现金流ESWMB
| Q4 25 | $-67.3M | $-379.0M | ||
| Q3 25 | $-26.3M | $485.0M | ||
| Q2 25 | $15.3M | $478.0M | ||
| Q1 25 | $33.2M | $421.0M | ||
| Q4 24 | $-546.5M | $450.0M | ||
| Q3 24 | $-515.4M | $561.0M | ||
| Q2 24 | $-400.8M | $700.0M | ||
| Q1 24 | $-858.1M | $690.0M |
自由现金流率ESWMB
| Q4 25 | -2.0% | -9.9% | ||
| Q3 25 | -0.8% | 13.9% | ||
| Q2 25 | 0.5% | 14.2% | ||
| Q1 25 | 0.8% | 10.1% | ||
| Q4 24 | -18.4% | 13.2% | ||
| Q3 24 | -16.8% | 18.5% | ||
| Q2 24 | -15.8% | 24.6% | ||
| Q1 24 | -25.7% | 20.7% |
资本支出强度ESWMB
| Q4 25 | 29.2% | 50.9% | ||
| Q3 25 | 35.0% | 27.3% | ||
| Q2 25 | 36.7% | 28.8% | ||
| Q1 25 | 24.5% | 24.2% | ||
| Q4 24 | 40.0% | 22.5% | ||
| Q3 24 | 35.0% | 22.5% | ||
| Q2 24 | 42.3% | 20.3% | ||
| Q1 24 | 34.5% | 16.3% |
现金转化率ESWMB
| Q4 25 | 2.16× | 2.15× | ||
| Q3 25 | 2.98× | 2.22× | ||
| Q2 25 | 2.98× | 2.66× | ||
| Q1 25 | 1.88× | 2.07× | ||
| Q4 24 | 8.63× | 2.51× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | 1.99× | 3.19× | ||
| Q1 24 | 0.56× | 1.95× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
