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Entergy（ETR）与QVC INC（QVCD）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QVC INC的1.2倍（$3.0B vs $2.4B），Entergy净利率更高（8.1% vs 1.5%，领先6.6%），Entergy同比增速更快（7.9% vs -8.9%），过去两年QVC INC的营收复合增速更高（7.1% 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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
ETR vs QVCD — 直观对比
营收规模更大
ETR
是对方的1.2倍
$2.4B
营收增速更快
ETR
高出16.8%
-8.9%
净利率更高
ETR
高出6.6%
1.5%
两年增速更快
QVCD
近两年复合增速
2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.4B |
| 净利润 | $240.5M | $37.0M |
| 毛利率 | — | 32.5% |
| 营业利润率 | 18.4% | 5.6% |
| 净利率 | 8.1% | 1.5% |
| 营收同比 | 7.9% | -8.9% |
| 净利润同比 | -16.2% | 103.0% |
| 每股收益（稀释后） | $0.51 | — |
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ETRQVCD
| Q4 25 | $3.0B | $2.4B | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $2.7B | $2.7B | ||
| Q3 24 | $3.4B | $2.1B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $2.8B | $2.1B |
净利润ETRQVCD
| Q4 25 | $240.5M | $37.0M | ||
| Q3 25 | $698.4M | $2.0M | ||
| Q2 25 | $472.0M | $-2.2B | ||
| Q1 25 | $362.4M | $-42.0M | ||
| Q4 24 | $287.2M | $-1.2B | ||
| Q3 24 | $645.8M | $51.0M | ||
| Q2 24 | $51.7M | $53.0M | ||
| Q1 24 | $76.5M | $51.0M |
毛利率ETRQVCD
| Q4 25 | — | 32.5% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 35.4% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.0% |
营业利润率ETRQVCD
| Q4 25 | 18.4% | 5.6% | ||
| Q3 25 | 29.4% | 4.6% | ||
| Q2 25 | 25.2% | -114.5% | ||
| Q1 25 | 24.6% | 1.5% | ||
| Q4 24 | 24.4% | -47.1% | ||
| Q3 24 | 33.2% | 7.8% | ||
| Q2 24 | 20.9% | 7.6% | ||
| Q1 24 | 8.5% | 7.4% |
净利率ETRQVCD
| Q4 25 | 8.1% | 1.5% | ||
| Q3 25 | 18.3% | 0.1% | ||
| Q2 25 | 14.2% | -109.1% | ||
| Q1 25 | 12.7% | -2.2% | ||
| Q4 24 | 10.5% | -46.0% | ||
| Q3 24 | 19.1% | 2.4% | ||
| Q2 24 | 1.8% | 2.5% | ||
| Q1 24 | 2.7% | 2.4% |
每股收益（稀释后）ETRQVCD
| Q4 25 | $0.51 | — | ||
| Q3 25 | $1.53 | — | ||
| Q2 25 | $1.05 | — | ||
| Q1 25 | $0.82 | — | ||
| Q4 24 | $0.66 | — | ||
| Q3 24 | $1.50 | — | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $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 | $1.5B |
| 总债务越低越好 | $30.3B | $1.0M |
| 股东权益账面价值 | $16.9B | $1.2B |
| 总资产 | $71.9B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.79× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ETRQVCD
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $859.7M | $297.0M | ||
| Q3 24 | $1.4B | $297.0M | ||
| Q2 24 | $1.4B | $315.0M | ||
| Q1 24 | $1.3B | $311.0M |
总债务ETRQVCD
| Q4 25 | $30.3B | $1.0M | ||
| Q3 25 | $29.0B | $5.0B | ||
| Q2 25 | $29.9B | $4.0B | ||
| Q1 25 | $29.6B | $4.0B | ||
| Q4 24 | $28.0B | $3.3B | ||
| Q3 24 | $27.9B | $3.4B | ||
| Q2 24 | $27.8B | $3.7B | ||
| Q1 24 | $26.5B | $3.8B |
股东权益ETRQVCD
| Q4 25 | $16.9B | $1.2B | ||
| Q3 25 | $16.7B | $1.2B | ||
| Q2 25 | $16.2B | $1.2B | ||
| Q1 25 | $15.2B | $3.3B | ||
| Q4 24 | $15.1B | $3.3B | ||
| Q3 24 | $15.0B | $4.6B | ||
| Q2 24 | $14.6B | $4.3B | ||
| Q1 24 | $14.5B | $4.2B |
总资产ETRQVCD
| Q4 25 | $71.9B | $8.5B | ||
| Q3 25 | $69.8B | $8.3B | ||
| Q2 25 | $68.4B | $7.4B | ||
| Q1 25 | $66.6B | $9.7B | ||
| Q4 24 | $64.8B | $9.9B | ||
| Q3 24 | $64.5B | $9.9B | ||
| Q2 24 | $62.8B | $11.2B | ||
| Q1 24 | $61.6B | $11.4B |
负债/权益比ETRQVCD
| Q4 25 | 1.79× | 0.00× | ||
| Q3 25 | 1.74× | 4.30× | ||
| Q2 25 | 1.85× | 3.42× | ||
| Q1 25 | 1.95× | 1.22× | ||
| Q4 24 | 1.86× | 1.01× | ||
| Q3 24 | 1.85× | 0.73× | ||
| Q2 24 | 1.91× | 0.87× | ||
| Q1 24 | 1.83× | 0.89× |
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 | $245.0M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 5.06× | 6.62× |
| 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ETRQVCD
| Q4 25 | $1.2B | $245.0M | ||
| Q3 25 | $2.1B | $76.0M | ||
| Q2 25 | $1.3B | $52.0M | ||
| Q1 25 | $536.2M | $46.0M | ||
| Q4 24 | $1.4B | $189.0M | ||
| Q3 24 | $1.6B | $98.0M | ||
| Q2 24 | $1.0B | $164.0M | ||
| Q1 24 | $521.1M | $84.0M |
自由现金流ETRQVCD
| Q4 25 | $-909.7M | — | ||
| Q3 25 | $246.0M | — | ||
| Q2 25 | $-746.6M | — | ||
| Q1 25 | $-1.1B | — | ||
| Q4 24 | $-193.8M | — | ||
| Q3 24 | $421.8M | — | ||
| Q2 24 | $-137.8M | — | ||
| Q1 24 | $-440.1M | — |
自由现金流率ETRQVCD
| Q4 25 | -30.7% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | -22.4% | — | ||
| Q1 25 | -39.5% | — | ||
| Q4 24 | -7.1% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -15.7% | — |
资本支出强度ETRQVCD
| Q4 25 | 71.9% | — | ||
| Q3 25 | 49.5% | — | ||
| Q2 25 | 60.3% | — | ||
| Q1 25 | 58.3% | — | ||
| Q4 24 | 57.4% | — | ||
| Q3 24 | 33.7% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 34.4% | — |
现金转化率ETRQVCD
| Q4 25 | 5.06× | 6.62× | ||
| Q3 25 | 3.06× | 38.00× | ||
| Q2 25 | 2.67× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 2.42× | 1.92× | ||
| Q2 24 | 19.82× | 3.09× | ||
| Q1 24 | 6.81× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
