vs
Entergy（ETR）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是Entergy的1.4倍（$4.1B vs $3.0B），Entergy净利率更高（8.1% vs 2.7%，领先5.5%），Entergy同比增速更快（7.9% vs -0.9%），惠而浦自由现金流更多（$989.0M vs $-909.7M），过去两年Entergy的营收复合增速更高（2.9% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
ETR vs WHR — 直观对比
营收规模更大
WHR
是对方的1.4倍
$3.0B
营收增速更快
ETR
高出8.8%
-0.9%
净利率更高
ETR
高出5.5%
2.7%
自由现金流更多
WHR
多$1.9B
$-909.7M
两年增速更快
ETR
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $4.1B |
| 净利润 | $240.5M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | 18.4% | 6.0% |
| 净利率 | 8.1% | 2.7% |
| 营收同比 | 7.9% | -0.9% |
| 净利润同比 | -16.2% | 127.8% |
| 每股收益（稀释后） | $0.51 | $1.92 |
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ETRWHR
| Q4 25 | $3.0B | $4.1B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $2.8B | $3.6B | ||
| Q4 24 | $2.7B | $4.1B | ||
| Q3 24 | $3.4B | $4.0B | ||
| Q2 24 | $3.0B | $4.0B | ||
| Q1 24 | $2.8B | $4.5B |
净利润ETRWHR
| Q4 25 | $240.5M | $109.0M | ||
| Q3 25 | $698.4M | $73.0M | ||
| Q2 25 | $472.0M | $65.0M | ||
| Q1 25 | $362.4M | $71.0M | ||
| Q4 24 | $287.2M | $-392.0M | ||
| Q3 24 | $645.8M | $109.0M | ||
| Q2 24 | $51.7M | $219.0M | ||
| Q1 24 | $76.5M | $-259.0M |
毛利率ETRWHR
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | — | 14.3% |
营业利润率ETRWHR
| Q4 25 | 18.4% | 6.0% | ||
| Q3 25 | 29.4% | 5.1% | ||
| Q2 25 | 25.2% | 5.4% | ||
| Q1 25 | 24.6% | 5.1% | ||
| Q4 24 | 24.4% | -3.3% | ||
| Q3 24 | 33.2% | 6.6% | ||
| Q2 24 | 20.9% | 3.3% | ||
| Q1 24 | 8.5% | -2.6% |
净利率ETRWHR
| Q4 25 | 8.1% | 2.7% | ||
| Q3 25 | 18.3% | 1.8% | ||
| Q2 25 | 14.2% | 1.7% | ||
| Q1 25 | 12.7% | 2.0% | ||
| Q4 24 | 10.5% | -9.5% | ||
| Q3 24 | 19.1% | 2.7% | ||
| Q2 24 | 1.8% | 5.5% | ||
| Q1 24 | 2.7% | -5.8% |
每股收益（稀释后）ETRWHR
| Q4 25 | $0.51 | $1.92 | ||
| Q3 25 | $1.53 | $1.29 | ||
| Q2 25 | $1.05 | $1.17 | ||
| Q1 25 | $0.82 | $1.28 | ||
| Q4 24 | $0.66 | $-7.11 | ||
| Q3 24 | $1.50 | $2.00 | ||
| Q2 24 | $0.11 | $3.96 | ||
| Q1 24 | $0.18 | $-4.72 |
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 | $669.0M |
| 总债务越低越好 | $30.3B | $6.2B |
| 股东权益账面价值 | $16.9B | $2.7B |
| 总资产 | $71.9B | $16.0B |
| 负债/权益比越低杠杆越低 | 1.79× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资ETRWHR
| Q4 25 | $1.9B | $669.0M | ||
| Q3 25 | $1.5B | $934.0M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $859.7M | $1.3B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
总债务ETRWHR
| Q4 25 | $30.3B | $6.2B | ||
| Q3 25 | $29.0B | — | ||
| Q2 25 | $29.9B | — | ||
| Q1 25 | $29.6B | — | ||
| Q4 24 | $28.0B | $6.6B | ||
| Q3 24 | $27.9B | — | ||
| Q2 24 | $27.8B | — | ||
| Q1 24 | $26.5B | — |
股东权益ETRWHR
| Q4 25 | $16.9B | $2.7B | ||
| Q3 25 | $16.7B | $2.6B | ||
| Q2 25 | $16.2B | $2.6B | ||
| Q1 25 | $15.2B | $2.6B | ||
| Q4 24 | $15.1B | $2.7B | ||
| Q3 24 | $15.0B | $3.0B | ||
| Q2 24 | $14.6B | $3.1B | ||
| Q1 24 | $14.5B | $2.4B |
总资产ETRWHR
| Q4 25 | $71.9B | $16.0B | ||
| Q3 25 | $69.8B | $16.9B | ||
| Q2 25 | $68.4B | $16.8B | ||
| Q1 25 | $66.6B | $16.5B | ||
| Q4 24 | $64.8B | $16.3B | ||
| Q3 24 | $64.5B | $17.2B | ||
| Q2 24 | $62.8B | $17.3B | ||
| Q1 24 | $61.6B | $17.4B |
负债/权益比ETRWHR
| Q4 25 | 1.79× | 2.26× | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.95× | — | ||
| Q4 24 | 1.86× | 2.46× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.83× | — |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-909.7M | $989.0M |
| 自由现金流率自由现金流/营收 | -30.7% | 24.1% |
| 资本支出强度资本支出/营收 | 71.9% | 3.7% |
| 现金转化率经营现金流/净利润 | 5.06× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $-2.5B | $81.0M |
8季度趋势，按日历期对齐
经营现金流ETRWHR
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $2.1B | $33.0M | ||
| Q2 25 | $1.3B | $19.0M | ||
| Q1 25 | $536.2M | $-721.0M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.6B | $214.0M | ||
| Q2 24 | $1.0B | $388.0M | ||
| Q1 24 | $521.1M | $-873.0M |
自由现金流ETRWHR
| Q4 25 | $-909.7M | $989.0M | ||
| Q3 25 | $246.0M | $-52.0M | ||
| Q2 25 | $-746.6M | $-63.0M | ||
| Q1 25 | $-1.1B | $-793.0M | ||
| Q4 24 | $-193.8M | $970.0M | ||
| Q3 24 | $421.8M | $127.0M | ||
| Q2 24 | $-137.8M | $275.0M | ||
| Q1 24 | $-440.1M | $-988.0M |
自由现金流率ETRWHR
| Q4 25 | -30.7% | 24.1% | ||
| Q3 25 | 6.5% | -1.3% | ||
| Q2 25 | -22.4% | -1.7% | ||
| Q1 25 | -39.5% | -21.9% | ||
| Q4 24 | -7.1% | 23.5% | ||
| Q3 24 | 12.4% | 3.2% | ||
| Q2 24 | -4.7% | 6.9% | ||
| Q1 24 | -15.7% | -22.0% |
资本支出强度ETRWHR
| Q4 25 | 71.9% | 3.7% | ||
| Q3 25 | 49.5% | 2.1% | ||
| Q2 25 | 60.3% | 2.2% | ||
| Q1 25 | 58.3% | 2.0% | ||
| Q4 24 | 57.4% | 3.3% | ||
| Q3 24 | 33.7% | 2.2% | ||
| Q2 24 | 39.4% | 2.8% | ||
| Q1 24 | 34.4% | 2.6% |
现金转化率ETRWHR
| Q4 25 | 5.06× | 10.45× | ||
| Q3 25 | 3.06× | 0.45× | ||
| Q2 25 | 2.67× | 0.29× | ||
| Q1 25 | 1.48× | -10.15× | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 2.42× | 1.96× | ||
| Q2 24 | 19.82× | 1.77× | ||
| Q1 24 | 6.81× | — |
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% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
