vs
Entergy（ETR）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
Entergy的季度营收约是赛莱默的1.4倍（$3.0B vs $2.1B），赛莱默净利率更高（8.9% vs 8.1%，领先0.8%），Entergy同比增速更快（7.9% vs 2.7%），过去两年Entergy的营收复合增速更高（2.9% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
ETR vs XYL — 直观对比
营收规模更大
ETR
是对方的1.4倍
$2.1B
营收增速更快
ETR
高出5.2%
2.7%
净利率更高
XYL
高出0.8%
8.1%
两年增速更快
ETR
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.1B |
| 净利润 | $240.5M | $189.0M |
| 毛利率 | — | 37.8% |
| 营业利润率 | 18.4% | 11.5% |
| 净利率 | 8.1% | 8.9% |
| 营收同比 | 7.9% | 2.7% |
| 净利润同比 | -16.2% | 13.2% |
| 每股收益（稀释后） | $0.51 | $0.79 |
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ETRXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.0B | $2.4B | ||
| Q3 25 | $3.8B | $2.3B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $2.8B | $2.1B | ||
| Q4 24 | $2.7B | $2.3B | ||
| Q3 24 | $3.4B | $2.1B | ||
| Q2 24 | $3.0B | $2.2B |
净利润ETRXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $240.5M | $335.0M | ||
| Q3 25 | $698.4M | $227.0M | ||
| Q2 25 | $472.0M | $226.0M | ||
| Q1 25 | $362.4M | $169.0M | ||
| Q4 24 | $287.2M | $326.0M | ||
| Q3 24 | $645.8M | $217.0M | ||
| Q2 24 | $51.7M | $194.0M |
毛利率ETRXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 38.9% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.8% |
营业利润率ETRXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 18.4% | 14.7% | ||
| Q3 25 | 29.4% | 14.7% | ||
| Q2 25 | 25.2% | 13.3% | ||
| Q1 25 | 24.6% | 11.2% | ||
| Q4 24 | 24.4% | 11.8% | ||
| Q3 24 | 33.2% | 13.3% | ||
| Q2 24 | 20.9% | 11.7% |
净利率ETRXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 8.1% | 14.0% | ||
| Q3 25 | 18.3% | 10.0% | ||
| Q2 25 | 14.2% | 9.8% | ||
| Q1 25 | 12.7% | 8.2% | ||
| Q4 24 | 10.5% | 14.5% | ||
| Q3 24 | 19.1% | 10.3% | ||
| Q2 24 | 1.8% | 8.9% |
每股收益（稀释后）ETRXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $0.51 | $1.37 | ||
| Q3 25 | $1.53 | $0.93 | ||
| Q2 25 | $1.05 | $0.93 | ||
| Q1 25 | $0.82 | $0.69 | ||
| Q4 24 | $0.66 | $1.33 | ||
| Q3 24 | $1.50 | $0.89 | ||
| Q2 24 | $0.11 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | $30.3B | $1.9B |
| 股东权益账面价值 | $16.9B | $11.0B |
| 总资产 | $71.9B | $17.0B |
| 负债/权益比越低杠杆越低 | 1.79× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资ETRXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $859.7M | $1.1B | ||
| Q3 24 | $1.4B | $989.0M | ||
| Q2 24 | $1.4B | $815.0M |
总债务ETRXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $30.3B | $2.0B | ||
| Q3 25 | $29.0B | $2.0B | ||
| Q2 25 | $29.9B | $2.0B | ||
| Q1 25 | $29.6B | $2.0B | ||
| Q4 24 | $28.0B | $2.0B | ||
| Q3 24 | $27.9B | — | ||
| Q2 24 | $27.8B | — |
股东权益ETRXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $16.9B | $11.5B | ||
| Q3 25 | $16.7B | $11.2B | ||
| Q2 25 | $16.2B | $11.1B | ||
| Q1 25 | $15.2B | $10.8B | ||
| Q4 24 | $15.1B | $10.6B | ||
| Q3 24 | $15.0B | $10.6B | ||
| Q2 24 | $14.6B | $10.3B |
总资产ETRXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $71.9B | $17.6B | ||
| Q3 25 | $69.8B | $17.3B | ||
| Q2 25 | $68.4B | $17.2B | ||
| Q1 25 | $66.6B | $16.6B | ||
| Q4 24 | $64.8B | $16.5B | ||
| Q3 24 | $64.5B | $16.0B | ||
| Q2 24 | $62.8B | $15.8B |
负债/权益比ETRXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 1.79× | 0.17× | ||
| Q3 25 | 1.74× | 0.18× | ||
| Q2 25 | 1.85× | 0.18× | ||
| Q1 25 | 1.95× | 0.19× | ||
| Q4 24 | 1.86× | 0.19× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.91× | — |
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% | 4.2% |
| 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ETRXYL
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $543.0M | ||
| Q3 25 | $2.1B | $360.0M | ||
| Q2 25 | $1.3B | $305.0M | ||
| Q1 25 | $536.2M | $33.0M | ||
| Q4 24 | $1.4B | $575.0M | ||
| Q3 24 | $1.6B | $311.0M | ||
| Q2 24 | $1.0B | $288.0M |
自由现金流ETRXYL
| Q1 26 | — | — | ||
| Q4 25 | $-909.7M | $460.0M | ||
| Q3 25 | $246.0M | $281.0M | ||
| Q2 25 | $-746.6M | $207.0M | ||
| Q1 25 | $-1.1B | $-38.0M | ||
| Q4 24 | $-193.8M | $475.0M | ||
| Q3 24 | $421.8M | $237.0M | ||
| Q2 24 | $-137.8M | $215.0M |
自由现金流率ETRXYL
| Q1 26 | — | — | ||
| Q4 25 | -30.7% | 19.2% | ||
| Q3 25 | 6.5% | 12.4% | ||
| Q2 25 | -22.4% | 9.0% | ||
| Q1 25 | -39.5% | -1.8% | ||
| Q4 24 | -7.1% | 21.1% | ||
| Q3 24 | 12.4% | 11.3% | ||
| Q2 24 | -4.7% | 9.9% |
资本支出强度ETRXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 71.9% | 3.5% | ||
| Q3 25 | 49.5% | 3.5% | ||
| Q2 25 | 60.3% | 4.3% | ||
| Q1 25 | 58.3% | 3.4% | ||
| Q4 24 | 57.4% | 4.4% | ||
| Q3 24 | 33.7% | 3.5% | ||
| Q2 24 | 39.4% | 3.4% |
现金转化率ETRXYL
| Q1 26 | — | — | ||
| Q4 25 | 5.06× | 1.62× | ||
| Q3 25 | 3.06× | 1.59× | ||
| Q2 25 | 2.67× | 1.35× | ||
| Q1 25 | 1.48× | 0.20× | ||
| Q4 24 | 4.80× | 1.76× | ||
| Q3 24 | 2.42× | 1.43× | ||
| Q2 24 | 19.82× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
