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Energy Transfer LP（ET）与汇丰控股有限公司（HSBC）财务数据对比。点击上方公司名可切换其他公司
汇丰控股有限公司的季度营收约是Energy Transfer LP的1.1倍（$28.6B vs $25.3B），汇丰控股有限公司净利率更高（25.7% vs 3.7%，领先22.0%），汇丰控股有限公司自由现金流更多（$64.0B vs $-225.0M）
Energy Transfer LP是美国知名能源基础设施运营商，1996年成立，总部位于得克萨斯州达拉斯，主营天然气、原油、液化天然气、成品油等能源产品的管道运输、存储、终端运营及天然气凝析液分馏业务，为公开上市的有限合伙企业。
汇丰控股有限公司是总部位于英国伦敦的全能银行及金融服务集团，历史与业务均与东亚市场渊源深厚，业务布局覆盖全球。截至2024年9月，集团总资产达3.098万亿美元，为欧洲规模最大的银行，全球总资产排名第7位，同时是全球第三大非国有银行。
ET vs HSBC — 直观对比
营收规模更大
HSBC
是对方的1.1倍
$25.3B
净利率更高
HSBC
高出22.0%
3.7%
自由现金流更多
HSBC
多$64.2B
$-225.0M
损益表 — Q4 FY2025 vs Q4 FY2024
| 指标 | | |
|---|---|---|
| 营收 | $25.3B | $28.6B |
| 净利润 | $928.0M | $7.3B |
| 毛利率 | 23.3% | — |
| 营业利润率 | 8.2% | 33.1% |
| 净利率 | 3.7% | 25.7% |
| 营收同比 | 29.6% | — |
| 净利润同比 | -13.8% | — |
| 每股收益（稀释后） | — | $0.36 |
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ETHSBC
| Q4 25 | $25.3B | — | ||
| Q3 25 | $20.0B | — | ||
| Q2 25 | $19.2B | — | ||
| Q1 25 | $21.0B | $28.6B | ||
| Q4 24 | $19.5B | — | ||
| Q3 24 | $20.8B | — | ||
| Q2 24 | $20.7B | — | ||
| Q1 24 | $21.6B | — |
净利润ETHSBC
| Q4 25 | $928.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | $7.3B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
毛利率ETHSBC
| Q4 25 | 23.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 27.5% | — | ||
| Q1 25 | 25.9% | — | ||
| Q4 24 | 27.6% | — | ||
| Q3 24 | 24.8% | — | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | 23.3% | — |
营业利润率ETHSBC
| Q4 25 | 8.2% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 11.9% | 33.1% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 11.1% | — | ||
| Q1 24 | 11.0% | — |
净利率ETHSBC
| Q4 25 | 3.7% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 6.3% | 25.7% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | 5.7% | — |
每股收益（稀释后）ETHSBC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.3B | $434.9B |
| 总债务越低越好 | $68.3B | — |
| 股东权益账面价值 | $49.0B | $192.3B |
| 总资产 | $141.3B | $3017.0B |
| 负债/权益比越低杠杆越低 | 1.39× | — |
8季度趋势，按日历期对齐
现金及短期投资ETHSBC
| Q4 25 | $1.3B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $242.0M | — | ||
| Q1 25 | — | $434.9B | ||
| Q4 24 | $312.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务ETHSBC
| Q4 25 | $68.3B | — | ||
| Q3 25 | $63.1B | — | ||
| Q2 25 | $60.8B | — | ||
| Q1 25 | $59.8B | — | ||
| Q4 24 | $59.8B | — | ||
| Q3 24 | $59.3B | — | ||
| Q2 24 | $57.6B | — | ||
| Q1 24 | $53.5B | — |
股东权益ETHSBC
| Q4 25 | $49.0B | — | ||
| Q3 25 | $45.3B | — | ||
| Q2 25 | $45.5B | — | ||
| Q1 25 | $46.2B | $192.3B | ||
| Q4 24 | $46.0B | — | ||
| Q3 24 | $46.2B | — | ||
| Q2 24 | $45.5B | — | ||
| Q1 24 | $43.8B | — |
总资产ETHSBC
| Q4 25 | $141.3B | — | ||
| Q3 25 | $129.3B | — | ||
| Q2 25 | $125.0B | — | ||
| Q1 25 | $126.4B | $3017.0B | ||
| Q4 24 | $125.4B | — | ||
| Q3 24 | $124.4B | — | ||
| Q2 24 | $121.3B | — | ||
| Q1 24 | $115.8B | — |
负债/权益比ETHSBC
| Q4 25 | 1.39× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 1.22× | — |
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 | $1.9B | $65.3B |
| 自由现金流经营现金流 - 资本支出 | $-225.0M | $64.0B |
| 自由现金流率自由现金流/营收 | -0.9% | 223.9% |
| 资本支出强度资本支出/营收 | 8.4% | 4.7% |
| 现金转化率经营现金流/净利润 | 2.05× | 8.90× |
| 过去12个月自由现金流最近4个季度 | $3.8B | — |
8季度趋势，按日历期对齐
经营现金流ETHSBC
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.9B | $65.3B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $3.8B | — |
自由现金流ETHSBC
| Q4 25 | $-225.0M | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.7B | $64.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $3.0B | — |
自由现金流率ETHSBC
| Q4 25 | -0.9% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 8.1% | 223.9% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | 13.8% | — |
资本支出强度ETHSBC
| Q4 25 | 8.4% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 8.6% | — | ||
| Q1 25 | 5.8% | 4.7% | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 3.7% | — |
现金转化率ETHSBC
| Q4 25 | 2.05× | — | ||
| Q3 25 | 2.52× | — | ||
| Q2 25 | 2.37× | — | ||
| Q1 25 | 2.20× | 8.90× | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | 2.43× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | 3.04× | — |
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
ET
| Investment In Sunoco LP | $8.6B | 34% |
| NG Landrefinedproductstransportationandservices | $6.2B | 24% |
| NG Lsales | $4.6B | 18% |
| Midstream | $2.7B | 11% |
| Other | $900.0M | 4% |
| External Customers | $805.0M | 3% |
| Interstate Transportation And Storage | $631.0M | 2% |
| Investment In USAC | $252.0M | 1% |
| Intersegment | $97.0M | 0% |
HSBC
暂无分部数据
