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Entergy（ETR）与PENN Entertainment, Inc.（PENN）财务数据对比。点击上方公司名可切换其他公司
Entergy的季度营收约是PENN Entertainment, Inc.的1.7倍（$3.0B vs $1.8B），Entergy净利率更高（8.1% vs -0.2%，领先8.3%），Entergy同比增速更快（7.9% vs 6.4%），过去两年PENN Entertainment, Inc.的营收复合增速更高（3.4% vs 2.9%）
Entergy是美国能源企业，主营电力生产及零售配送业务，服务覆盖美国南部腹地，总部设于路易斯安那州新奥尔良。公司为阿肯色、路易斯安那、密西西比、得克萨斯四州共300万用户供电，发电装机容量约24000兆瓦，年营收110亿美元，员工规模超12000人。
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
ETR vs PENN — 直观对比
营收规模更大
ETR
是对方的1.7倍
$1.8B
营收增速更快
ETR
高出1.5%
6.4%
净利率更高
ETR
高出8.3%
-0.2%
两年增速更快
PENN
近两年复合增速
2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.8B |
| 净利润 | $240.5M | $-2.8M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | 5.5% |
| 净利率 | 8.1% | -0.2% |
| 营收同比 | 7.9% | 6.4% |
| 净利润同比 | -16.2% | 66.7% |
| 每股收益（稀释后） | $0.51 | $-0.02 |
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ETRPENN
| Q1 26 | — | $1.8B | ||
| Q4 25 | $3.0B | $1.8B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.3B | $1.8B | ||
| Q1 25 | $2.8B | $1.7B | ||
| Q4 24 | $2.7B | $1.7B | ||
| Q3 24 | $3.4B | $1.6B | ||
| Q2 24 | $3.0B | $1.7B |
净利润ETRPENN
| Q1 26 | — | $-2.8M | ||
| Q4 25 | $240.5M | $-72.9M | ||
| Q3 25 | $698.4M | $-864.6M | ||
| Q2 25 | $472.0M | $-17.4M | ||
| Q1 25 | $362.4M | $111.8M | ||
| Q4 24 | $287.2M | $-133.3M | ||
| Q3 24 | $645.8M | $-36.7M | ||
| Q2 24 | $51.7M | $-26.8M |
营业利润率ETRPENN
| Q1 26 | — | 5.5% | ||
| Q4 25 | 18.4% | -1.0% | ||
| Q3 25 | 29.4% | -45.2% | ||
| Q2 25 | 25.2% | 4.4% | ||
| Q1 25 | 24.6% | 2.6% | ||
| Q4 24 | 24.4% | -2.9% | ||
| Q3 24 | 33.2% | 4.1% | ||
| Q2 24 | 20.9% | 4.5% |
净利率ETRPENN
| Q1 26 | — | -0.2% | ||
| Q4 25 | 8.1% | -4.0% | ||
| Q3 25 | 18.3% | -50.3% | ||
| Q2 25 | 14.2% | -1.0% | ||
| Q1 25 | 12.7% | 6.7% | ||
| Q4 24 | 10.5% | -8.0% | ||
| Q3 24 | 19.1% | -2.2% | ||
| Q2 24 | 1.8% | -1.6% |
每股收益（稀释后）ETRPENN
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.51 | $-0.36 | ||
| Q3 25 | $1.53 | $-6.03 | ||
| Q2 25 | $1.05 | $-0.12 | ||
| Q1 25 | $0.82 | $0.68 | ||
| Q4 24 | $0.66 | $-0.87 | ||
| Q3 24 | $1.50 | $-0.24 | ||
| Q2 24 | $0.11 | $-0.18 |
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 | $1.9B | $708.0M |
| 总债务越低越好 | $30.3B | — |
| 股东权益账面价值 | $16.9B | — |
| 总资产 | $71.9B | — |
| 负债/权益比越低杠杆越低 | 1.79× | — |
8季度趋势，按日历期对齐
现金及短期投资ETRPENN
| Q1 26 | — | $708.0M | ||
| Q4 25 | $1.9B | $686.6M | ||
| Q3 25 | $1.5B | $660.1M | ||
| Q2 25 | $1.2B | $671.6M | ||
| Q1 25 | $1.5B | $591.6M | ||
| Q4 24 | $859.7M | $706.6M | ||
| Q3 24 | $1.4B | $834.0M | ||
| Q2 24 | $1.4B | $877.6M |
总债务ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | $30.3B | $2.9B | ||
| Q3 25 | $29.0B | $2.9B | ||
| Q2 25 | $29.9B | $2.8B | ||
| Q1 25 | $29.6B | $2.6B | ||
| Q4 24 | $28.0B | $2.8B | ||
| Q3 24 | $27.9B | $2.8B | ||
| Q2 24 | $27.8B | $2.8B |
股东权益ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | $16.9B | $1.8B | ||
| Q3 25 | $16.7B | $2.0B | ||
| Q2 25 | $16.2B | $3.0B | ||
| Q1 25 | $15.2B | $3.0B | ||
| Q4 24 | $15.1B | $2.9B | ||
| Q3 24 | $15.0B | $3.1B | ||
| Q2 24 | $14.6B | $3.1B |
总资产ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | $71.9B | $14.3B | ||
| Q3 25 | $69.8B | $14.3B | ||
| Q2 25 | $68.4B | $15.2B | ||
| Q1 25 | $66.6B | $15.1B | ||
| Q4 24 | $64.8B | $15.3B | ||
| Q3 24 | $64.5B | $15.5B | ||
| Q2 24 | $62.8B | $15.5B |
负债/权益比ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | 1.79× | 1.58× | ||
| Q3 25 | 1.74× | 1.46× | ||
| Q2 25 | 1.85× | 0.94× | ||
| Q1 25 | 1.95× | 0.89× | ||
| Q4 24 | 1.86× | 0.98× | ||
| Q3 24 | 1.85× | 0.91× | ||
| Q2 24 | 1.91× | 0.91× |
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 | $1.2B | — |
| 自由现金流经营现金流 - 资本支出 | $-909.7M | — |
| 自由现金流率自由现金流/营收 | -30.7% | — |
| 资本支出强度资本支出/营收 | 71.9% | 5.3% |
| 现金转化率经营现金流/净利润 | 5.06× | — |
| 过去12个月自由现金流最近4个季度 | $-2.5B | — |
8季度趋势，按日历期对齐
经营现金流ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $107.2M | ||
| Q3 25 | $2.1B | $180.9M | ||
| Q2 25 | $1.3B | $178.2M | ||
| Q1 25 | $536.2M | $41.9M | ||
| Q4 24 | $1.4B | $102.9M | ||
| Q3 24 | $1.6B | $174.7M | ||
| Q2 24 | $1.0B | $150.4M |
自由现金流ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | $-909.7M | $-83.2M | ||
| Q3 25 | $246.0M | $8.2M | ||
| Q2 25 | $-746.6M | $18.8M | ||
| Q1 25 | $-1.1B | $-83.3M | ||
| Q4 24 | $-193.8M | $-118.1M | ||
| Q3 24 | $421.8M | $42.6M | ||
| Q2 24 | $-137.8M | $62.2M |
自由现金流率ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | -30.7% | -4.6% | ||
| Q3 25 | 6.5% | 0.5% | ||
| Q2 25 | -22.4% | 1.1% | ||
| Q1 25 | -39.5% | -5.0% | ||
| Q4 24 | -7.1% | -7.1% | ||
| Q3 24 | 12.4% | 2.6% | ||
| Q2 24 | -4.7% | 3.7% |
资本支出强度ETRPENN
| Q1 26 | — | 5.3% | ||
| Q4 25 | 71.9% | 10.5% | ||
| Q3 25 | 49.5% | 10.1% | ||
| Q2 25 | 60.3% | 9.0% | ||
| Q1 25 | 58.3% | 7.5% | ||
| Q4 24 | 57.4% | 13.2% | ||
| Q3 24 | 33.7% | 8.1% | ||
| Q2 24 | 39.4% | 5.3% |
现金转化率ETRPENN
| Q1 26 | — | — | ||
| Q4 25 | 5.06× | — | ||
| Q3 25 | 3.06× | — | ||
| Q2 25 | 2.67× | — | ||
| Q1 25 | 1.48× | 0.37× | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 2.42× | — | ||
| Q2 24 | 19.82× | — |
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
ETR
| Electricity Us Regulated | $2.9B | 100% |
| Other | $13.7M | 0% |
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
