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Entergy（ETR）与WEC Energy Group（WEC）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WEC Energy Group的1.2倍（$3.0B vs $2.5B），WEC Energy Group净利率更高（12.5% vs 8.1%，领先4.4%），WEC Energy Group同比增速更快（11.1% vs 7.9%），过去两年Entergy的营收复合增速更高（2.9% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
ETR vs WEC — 直观对比
营收规模更大
ETR
是对方的1.2倍
$2.5B
营收增速更快
WEC
高出3.2%
7.9%
净利率更高
WEC
高出4.4%
8.1%
两年增速更快
ETR
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.5B |
| 净利润 | $240.5M | $316.8M |
| 毛利率 | — | 63.7% |
| 营业利润率 | 18.4% | 17.9% |
| 净利率 | 8.1% | 12.5% |
| 营收同比 | 7.9% | 11.1% |
| 净利润同比 | -16.2% | -30.1% |
| 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ETRWEC
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $2.8B | $3.1B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $3.4B | $1.9B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $2.8B | $2.7B |
净利润ETRWEC
| Q4 25 | $240.5M | $316.8M | ||
| Q3 25 | $698.4M | $270.2M | ||
| Q2 25 | $472.0M | $243.0M | ||
| Q1 25 | $362.4M | $725.5M | ||
| Q4 24 | $287.2M | $453.1M | ||
| Q3 24 | $645.8M | $238.6M | ||
| Q2 24 | $51.7M | $210.0M | ||
| Q1 24 | $76.5M | $622.6M |
毛利率ETRWEC
| Q4 25 | — | 63.7% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.6% | ||
| Q1 25 | — | 63.0% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | — | 72.1% | ||
| Q2 24 | — | 73.5% | ||
| Q1 24 | — | 65.4% |
营业利润率ETRWEC
| Q4 25 | 18.4% | 17.9% | ||
| Q3 25 | 29.4% | 21.4% | ||
| Q2 25 | 25.2% | 20.1% | ||
| Q1 25 | 24.6% | 29.8% | ||
| Q4 24 | 24.4% | 25.9% | ||
| Q3 24 | 33.2% | 20.6% | ||
| Q2 24 | 20.9% | 20.6% | ||
| Q1 24 | 8.5% | 30.3% |
净利率ETRWEC
| Q4 25 | 8.1% | 12.5% | ||
| Q3 25 | 18.3% | 12.8% | ||
| Q2 25 | 14.2% | 12.1% | ||
| Q1 25 | 12.7% | 23.0% | ||
| Q4 24 | 10.5% | 19.8% | ||
| Q3 24 | 19.1% | 12.8% | ||
| Q2 24 | 1.8% | 11.9% | ||
| Q1 24 | 2.7% | 23.2% |
每股收益（稀释后）ETRWEC
| 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 | $27.6M |
| 总债务越低越好 | $30.3B | $20.0B |
| 股东权益账面价值 | $16.9B | $14.1B |
| 总资产 | $71.9B | $51.5B |
| 负债/权益比越低杠杆越低 | 1.79× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资ETRWEC
| Q4 25 | $1.9B | $27.6M | ||
| Q3 25 | $1.5B | $51.1M | ||
| Q2 25 | $1.2B | $23.0M | ||
| Q1 25 | $1.5B | $82.2M | ||
| Q4 24 | $859.7M | $9.8M | ||
| Q3 24 | $1.4B | $322.5M | ||
| Q2 24 | $1.4B | $224.0M | ||
| Q1 24 | $1.3B | $38.9M |
总债务ETRWEC
| Q4 25 | $30.3B | $20.0B | ||
| Q3 25 | $29.0B | — | ||
| Q2 25 | $29.9B | — | ||
| Q1 25 | $29.6B | — | ||
| Q4 24 | $28.0B | $18.9B | ||
| Q3 24 | $27.9B | $16.9B | ||
| Q2 24 | $27.8B | $16.9B | ||
| Q1 24 | $26.5B | $15.4B |
股东权益ETRWEC
| Q4 25 | $16.9B | $14.1B | ||
| Q3 25 | $16.7B | $14.0B | ||
| Q2 25 | $16.2B | $13.7B | ||
| Q1 25 | $15.2B | $13.4B | ||
| Q4 24 | $15.1B | $12.8B | ||
| Q3 24 | $15.0B | $12.4B | ||
| Q2 24 | $14.6B | $12.4B | ||
| Q1 24 | $14.5B | $12.4B |
总资产ETRWEC
| Q4 25 | $71.9B | $51.5B | ||
| Q3 25 | $69.8B | $49.8B | ||
| Q2 25 | $68.4B | $48.5B | ||
| Q1 25 | $66.6B | $48.2B | ||
| Q4 24 | $64.8B | $47.4B | ||
| Q3 24 | $64.5B | $45.2B | ||
| Q2 24 | $62.8B | $44.6B | ||
| Q1 24 | $61.6B | $43.9B |
负债/权益比ETRWEC
| Q4 25 | 1.79× | 1.42× | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.95× | — | ||
| Q4 24 | 1.86× | 1.48× | ||
| Q3 24 | 1.85× | 1.36× | ||
| Q2 24 | 1.91× | 1.36× | ||
| Q1 24 | 1.83× | 1.24× |
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 | $424.6M |
| 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× | 1.34× |
| 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ETRWEC
| Q4 25 | $1.2B | $424.6M | ||
| Q3 25 | $2.1B | $938.9M | ||
| Q2 25 | $1.3B | $853.3M | ||
| Q1 25 | $536.2M | $1.2B | ||
| Q4 24 | $1.4B | $581.8M | ||
| Q3 24 | $1.6B | $729.0M | ||
| Q2 24 | $1.0B | $1.0B | ||
| Q1 24 | $521.1M | $863.6M |
自由现金流ETRWEC
| Q4 25 | $-909.7M | — | ||
| Q3 25 | $246.0M | $-625.7M | ||
| Q2 25 | $-746.6M | $23.9M | ||
| Q1 25 | $-1.1B | $461.5M | ||
| Q4 24 | $-193.8M | — | ||
| Q3 24 | $421.8M | $-67.3M | ||
| Q2 24 | $-137.8M | $343.5M | ||
| Q1 24 | $-440.1M | $419.1M |
自由现金流率ETRWEC
| Q4 25 | -30.7% | — | ||
| Q3 25 | 6.5% | -29.7% | ||
| Q2 25 | -22.4% | 1.2% | ||
| Q1 25 | -39.5% | 14.7% | ||
| Q4 24 | -7.1% | — | ||
| Q3 24 | 12.4% | -3.6% | ||
| Q2 24 | -4.7% | 19.4% | ||
| Q1 24 | -15.7% | 15.6% |
资本支出强度ETRWEC
| Q4 25 | 71.9% | — | ||
| Q3 25 | 49.5% | 74.4% | ||
| Q2 25 | 60.3% | 41.3% | ||
| Q1 25 | 58.3% | 22.3% | ||
| Q4 24 | 57.4% | — | ||
| Q3 24 | 33.7% | 42.7% | ||
| Q2 24 | 39.4% | 39.2% | ||
| Q1 24 | 34.4% | 16.6% |
现金转化率ETRWEC
| Q4 25 | 5.06× | 1.34× | ||
| Q3 25 | 3.06× | 3.47× | ||
| Q2 25 | 2.67× | 3.51× | ||
| Q1 25 | 1.48× | 1.60× | ||
| Q4 24 | 4.80× | 1.28× | ||
| Q3 24 | 2.42× | 3.06× | ||
| Q2 24 | 19.82× | 4.94× | ||
| Q1 24 | 6.81× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
