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Exelon（EXC）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
Exelon的季度营收约是NVR, Inc.的2.0倍（$5.4B vs $2.7B），NVR, Inc.同比增速更快（-4.7% vs -19.4%），过去两年NVR, Inc.的营收复合增速更高（7.8% vs 0.5%）
Exelon是总部位于美国芝加哥、在宾夕法尼亚州注册的公用事业企业，按营收计算为美国最大的电力母公司，同时是美国规模最大的受监管电力公用事业公司，服务约1000万用户，位列《财富》世界500强第187位。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
EXC vs NVR — 直观对比
营收规模更大
EXC
是对方的2.0倍
$2.7B
营收增速更快
NVR
高出14.7%
-19.4%
两年增速更快
NVR
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.7B |
| 净利润 | — | $363.8M |
| 毛利率 | — | — |
| 营业利润率 | 21.9% | — |
| 净利率 | — | 13.4% |
| 营收同比 | -19.4% | -4.7% |
| 净利润同比 | — | -20.5% |
| 每股收益（稀释后） | — | $120.85 |
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EXCNVR
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $2.7B | ||
| Q3 25 | $6.7B | $2.6B | ||
| Q2 25 | $5.4B | $2.6B | ||
| Q1 25 | $6.7B | $2.4B | ||
| Q4 24 | $5.5B | $2.8B | ||
| Q3 24 | $6.2B | $2.7B | ||
| Q2 24 | $5.4B | $2.6B |
净利润EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | $594.0M | $363.8M | ||
| Q3 25 | $875.0M | $342.7M | ||
| Q2 25 | $391.0M | $333.7M | ||
| Q1 25 | $908.0M | $299.6M | ||
| Q4 24 | $647.0M | $457.4M | ||
| Q3 24 | $707.0M | $429.3M | ||
| Q2 24 | $448.0M | $400.9M |
营业利润率EXCNVR
| Q1 26 | 21.9% | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 22.9% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 19.4% | — | ||
| Q2 24 | 17.0% | — |
净利率EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | 13.4% | ||
| Q3 25 | 13.0% | 13.1% | ||
| Q2 25 | 7.2% | 12.8% | ||
| Q1 25 | 13.5% | 12.5% | ||
| Q4 24 | 11.8% | 16.1% | ||
| Q3 24 | 11.5% | 15.7% | ||
| Q2 24 | 8.4% | 15.3% |
每股收益（稀释后）EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | — | $120.85 | ||
| Q3 25 | $0.86 | $112.33 | ||
| Q2 25 | $0.39 | $108.54 | ||
| Q1 25 | $0.90 | $94.83 | ||
| Q4 24 | — | $139.09 | ||
| Q3 24 | $0.70 | $130.50 | ||
| Q2 24 | $0.45 | $120.69 |
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 | $626.0M | — |
| 总债务越低越好 | $49.4B | — |
| 股东权益账面价值 | $28.8B | $3.9B |
| 总资产 | $116.6B | $5.9B |
| 负债/权益比越低杠杆越低 | 1.72× | — |
8季度趋势，按日历期对齐
现金及短期投资EXCNVR
| Q1 26 | $626.0M | — | ||
| Q4 25 | $626.0M | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $724.0M | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $357.0M | — | ||
| Q3 24 | $616.0M | — | ||
| Q2 24 | $934.0M | — |
总债务EXCNVR
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $44.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXCNVR
| Q1 26 | $28.8B | — | ||
| Q4 25 | $28.8B | $3.9B | ||
| Q3 25 | $28.1B | $4.0B | ||
| Q2 25 | $27.6B | $3.8B | ||
| Q1 25 | $27.6B | $4.0B | ||
| Q4 24 | $26.9B | $4.2B | ||
| Q3 24 | $26.6B | $4.3B | ||
| Q2 24 | $26.2B | $4.1B |
总资产EXCNVR
| Q1 26 | $116.6B | — | ||
| Q4 25 | $116.6B | $5.9B | ||
| Q3 25 | $113.5B | $6.0B | ||
| Q2 25 | $111.1B | $5.9B | ||
| Q1 25 | $109.5B | $6.2B | ||
| Q4 24 | $107.8B | $6.4B | ||
| Q3 24 | $106.1B | $6.5B | ||
| Q2 24 | $105.1B | $6.4B |
负债/权益比EXCNVR
| Q1 26 | 1.72× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $439.7M |
| 自由现金流经营现金流 - 资本支出 | — | $436.0M |
| 自由现金流率自由现金流/营收 | — | 16.1% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.21× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $439.7M | ||
| Q3 25 | $2.3B | $438.7M | ||
| Q2 25 | $1.5B | $35.1M | ||
| Q1 25 | $1.2B | $207.8M | ||
| Q4 24 | $1.4B | $637.0M | ||
| Q3 24 | $1.7B | $358.3M | ||
| Q2 24 | $1.5B | $232.7M |
自由现金流EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $436.0M | ||
| Q3 25 | $163.0M | $433.3M | ||
| Q2 25 | $-502.0M | $26.8M | ||
| Q1 25 | $-746.0M | $200.7M | ||
| Q4 24 | $-510.0M | $631.5M | ||
| Q3 24 | $-6.0M | $350.1M | ||
| Q2 24 | $-237.0M | $226.3M |
自由现金流率EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | -22.0% | 16.1% | ||
| Q3 25 | 2.4% | 16.6% | ||
| Q2 25 | -9.3% | 1.0% | ||
| Q1 25 | -11.1% | 8.4% | ||
| Q4 24 | -9.3% | 22.2% | ||
| Q3 24 | -0.1% | 12.8% | ||
| Q2 24 | -4.4% | 8.7% |
资本支出强度EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | 45.0% | 0.1% | ||
| Q3 25 | 31.9% | 0.2% | ||
| Q2 25 | 37.1% | 0.3% | ||
| Q1 25 | 29.0% | 0.3% | ||
| Q4 24 | 35.4% | 0.2% | ||
| Q3 24 | 27.5% | 0.3% | ||
| Q2 24 | 31.7% | 0.2% |
现金转化率EXCNVR
| Q1 26 | — | — | ||
| Q4 25 | 2.09× | 1.21× | ||
| Q3 25 | 2.63× | 1.28× | ||
| Q2 25 | 3.86× | 0.11× | ||
| Q1 25 | 1.32× | 0.69× | ||
| Q4 24 | 2.20× | 1.39× | ||
| Q3 24 | 2.39× | 0.83× | ||
| Q2 24 | 3.26× | 0.58× |
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
EXC
暂无分部数据
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
