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Exelon（EXC）与Steel Dynamics（STLD）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Steel Dynamics的1.0倍（$5.4B vs $5.2B），Steel Dynamics同比增速更快（17.9% vs -19.4%），过去两年Steel Dynamics的营收复合增速更高（6.0% 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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
EXC vs STLD — 直观对比
营收规模更大
EXC
是对方的1.0倍
$5.2B
营收增速更快
STLD
高出37.3%
-19.4%
两年增速更快
STLD
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $5.2B |
| 净利润 | — | $400.1M |
| 毛利率 | — | 14.7% |
| 营业利润率 | 21.9% | 10.3% |
| 净利率 | — | 7.7% |
| 营收同比 | -19.4% | 17.9% |
| 净利润同比 | — | 51.3% |
| 每股收益（稀释后） | — | $2.78 |
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EXCSTLD
| Q1 26 | $5.4B | $5.2B | ||
| Q4 25 | $5.4B | $4.4B | ||
| Q3 25 | $6.7B | $4.8B | ||
| Q2 25 | $5.4B | $4.6B | ||
| Q1 25 | $6.7B | $4.4B | ||
| Q4 24 | $5.5B | $3.9B | ||
| Q3 24 | $6.2B | $4.3B | ||
| Q2 24 | $5.4B | $4.6B |
净利润EXCSTLD
| Q1 26 | — | $400.1M | ||
| Q4 25 | $594.0M | $266.0M | ||
| Q3 25 | $875.0M | $403.7M | ||
| Q2 25 | $391.0M | $298.7M | ||
| Q1 25 | $908.0M | $217.2M | ||
| Q4 24 | $647.0M | $207.3M | ||
| Q3 24 | $707.0M | $317.8M | ||
| Q2 24 | $448.0M | $428.0M |
毛利率EXCSTLD
| Q1 26 | — | 14.7% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 16.7% |
营业利润率EXCSTLD
| Q1 26 | 21.9% | 10.3% | ||
| Q4 25 | 21.9% | 7.0% | ||
| Q3 25 | 22.4% | 10.5% | ||
| Q2 25 | 17.1% | 8.4% | ||
| Q1 25 | 22.9% | 6.3% | ||
| Q4 24 | 20.0% | 6.1% | ||
| Q3 24 | 19.4% | 9.1% | ||
| Q2 24 | 17.0% | 12.1% |
净利率EXCSTLD
| Q1 26 | — | 7.7% | ||
| Q4 25 | 11.0% | 6.0% | ||
| Q3 25 | 13.0% | 8.4% | ||
| Q2 25 | 7.2% | 6.5% | ||
| Q1 25 | 13.5% | 5.0% | ||
| Q4 24 | 11.8% | 5.4% | ||
| Q3 24 | 11.5% | 7.3% | ||
| Q2 24 | 8.4% | 9.2% |
每股收益（稀释后）EXCSTLD
| Q1 26 | — | $2.78 | ||
| Q4 25 | — | $1.80 | ||
| Q3 25 | $0.86 | $2.74 | ||
| Q2 25 | $0.39 | $2.01 | ||
| Q1 25 | $0.90 | $1.44 | ||
| Q4 24 | — | $1.40 | ||
| Q3 24 | $0.70 | $2.05 | ||
| Q2 24 | $0.45 | $2.72 |
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 | $626.0M | $556.5M |
| 总债务越低越好 | $49.4B | $4.2B |
| 股东权益账面价值 | $28.8B | $9.0B |
| 总资产 | $116.6B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.72× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资EXCSTLD
| Q1 26 | $626.0M | $556.5M | ||
| Q4 25 | $626.0M | $769.9M | ||
| Q3 25 | $1.5B | $770.4M | ||
| Q2 25 | $724.0M | $497.6M | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $357.0M | $737.3M | ||
| Q3 24 | $616.0M | $1.7B | ||
| Q2 24 | $934.0M | $1.2B |
总债务EXCSTLD
| Q1 26 | $49.4B | $4.2B | ||
| Q4 25 | $49.4B | $4.2B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $44.7B | $3.2B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.1B |
股东权益EXCSTLD
| Q1 26 | $28.8B | $9.0B | ||
| Q4 25 | $28.8B | $9.0B | ||
| Q3 25 | $28.1B | $9.0B | ||
| Q2 25 | $27.6B | $8.9B | ||
| Q1 25 | $27.6B | $8.8B | ||
| Q4 24 | $26.9B | $8.9B | ||
| Q3 24 | $26.6B | $9.1B | ||
| Q2 24 | $26.2B | $9.1B |
总资产EXCSTLD
| Q1 26 | $116.6B | $16.7B | ||
| Q4 25 | $116.6B | $16.4B | ||
| Q3 25 | $113.5B | $16.0B | ||
| Q2 25 | $111.1B | $15.5B | ||
| Q1 25 | $109.5B | $15.9B | ||
| Q4 24 | $107.8B | $14.9B | ||
| Q3 24 | $106.1B | $15.7B | ||
| Q2 24 | $105.1B | $15.1B |
负债/权益比EXCSTLD
| Q1 26 | 1.72× | 0.47× | ||
| Q4 25 | 1.72× | 0.47× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 1.66× | 0.36× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.34× |
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 | — | $148.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.37× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流EXCSTLD
| Q1 26 | — | $148.3M | ||
| Q4 25 | $1.2B | $272.7M | ||
| Q3 25 | $2.3B | $722.6M | ||
| Q2 25 | $1.5B | $301.6M | ||
| Q1 25 | $1.2B | $152.6M | ||
| Q4 24 | $1.4B | $346.9M | ||
| Q3 24 | $1.7B | $759.9M | ||
| Q2 24 | $1.5B | $382.6M |
自由现金流EXCSTLD
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $84.2M | ||
| Q3 25 | $163.0M | $556.9M | ||
| Q2 25 | $-502.0M | $13.3M | ||
| Q1 25 | $-746.0M | $-152.9M | ||
| Q4 24 | $-510.0M | $-106.3M | ||
| Q3 24 | $-6.0M | $138.5M | ||
| Q2 24 | $-237.0M | $-36.6M |
自由现金流率EXCSTLD
| Q1 26 | — | — | ||
| Q4 25 | -22.0% | 1.9% | ||
| Q3 25 | 2.4% | 11.5% | ||
| Q2 25 | -9.3% | 0.3% | ||
| Q1 25 | -11.1% | -3.5% | ||
| Q4 24 | -9.3% | -2.7% | ||
| Q3 24 | -0.1% | 3.2% | ||
| Q2 24 | -4.4% | -0.8% |
资本支出强度EXCSTLD
| Q1 26 | — | — | ||
| Q4 25 | 45.0% | 4.3% | ||
| Q3 25 | 31.9% | 3.4% | ||
| Q2 25 | 37.1% | 6.3% | ||
| Q1 25 | 29.0% | 7.0% | ||
| Q4 24 | 35.4% | 11.7% | ||
| Q3 24 | 27.5% | 14.3% | ||
| Q2 24 | 31.7% | 9.0% |
现金转化率EXCSTLD
| Q1 26 | — | 0.37× | ||
| Q4 25 | 2.09× | 1.03× | ||
| Q3 25 | 2.63× | 1.79× | ||
| Q2 25 | 3.86× | 1.01× | ||
| Q1 25 | 1.32× | 0.70× | ||
| Q4 24 | 2.20× | 1.67× | ||
| Q3 24 | 2.39× | 2.39× | ||
| Q2 24 | 3.26× | 0.89× |
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
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
