vs
Expand Energy（EXE）与PILGRIMS PRIDE CORP（PPC）财务数据对比。点击上方公司名可切换其他公司
PILGRIMS PRIDE CORP的季度营收约是Expand Energy的1.4倍（$4.5B vs $3.3B），Expand Energy净利率更高（16.9% vs 2.2%，领先14.7%），Expand Energy同比增速更快（63.5% vs 1.6%），过去两年Expand Energy的营收复合增速更高（29.6% vs -0.3%）
Expand Energy是按净日产量统计的美国最大独立天然气生产商，总部位于俄克拉荷马城，运营范围覆盖宾夕法尼亚州、西弗吉尼亚州境内马塞勒斯地层的阿巴拉契亚盆地，以及路易斯安那州西北部的海恩斯维尔页岩区块。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
EXE vs PPC — 直观对比
营收规模更大
PPC
是对方的1.4倍
$3.3B
营收增速更快
EXE
高出62.0%
1.6%
净利率更高
EXE
高出14.7%
2.2%
两年增速更快
EXE
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.5B |
| 净利润 | $553.0M | $101.5M |
| 毛利率 | — | 7.6% |
| 营业利润率 | 22.8% | 3.6% |
| 净利率 | 16.9% | 2.2% |
| 营收同比 | 63.5% | 1.6% |
| 净利润同比 | 238.6% | — |
| 每股收益（稀释后） | $2.33 | $0.43 |
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EXEPPC
| Q1 26 | — | $4.5B | ||
| Q4 25 | $3.3B | $4.5B | ||
| Q3 25 | $3.0B | $4.8B | ||
| Q2 25 | $3.7B | $4.8B | ||
| Q1 25 | $2.2B | $4.5B | ||
| Q4 24 | $2.0B | $4.4B | ||
| Q3 24 | $648.0M | $4.6B | ||
| Q2 24 | — | $4.6B |
净利润EXEPPC
| Q1 26 | — | $101.5M | ||
| Q4 25 | $553.0M | $88.0M | ||
| Q3 25 | $547.0M | $342.8M | ||
| Q2 25 | $968.0M | $355.5M | ||
| Q1 25 | $-249.0M | $296.0M | ||
| Q4 24 | $-399.0M | $235.9M | ||
| Q3 24 | $-114.0M | $349.9M | ||
| Q2 24 | — | $326.3M |
毛利率EXEPPC
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.2% |
营业利润率EXEPPC
| Q1 26 | — | 3.6% | ||
| Q4 25 | 22.8% | 4.5% | ||
| Q3 25 | 24.4% | 10.4% | ||
| Q2 25 | 34.4% | 10.8% | ||
| Q1 25 | -12.2% | 9.1% | ||
| Q4 24 | -19.3% | 7.0% | ||
| Q3 24 | -23.9% | 11.1% | ||
| Q2 24 | — | 9.7% |
净利率EXEPPC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 16.9% | 1.9% | ||
| Q3 25 | 18.4% | 7.2% | ||
| Q2 25 | 26.2% | 7.5% | ||
| Q1 25 | -11.3% | 6.6% | ||
| Q4 24 | -19.9% | 5.4% | ||
| Q3 24 | -17.6% | 7.6% | ||
| Q2 24 | — | 7.2% |
每股收益（稀释后）EXEPPC
| Q1 26 | — | $0.43 | ||
| Q4 25 | $2.33 | $0.37 | ||
| Q3 25 | $2.28 | $1.44 | ||
| Q2 25 | $4.02 | $1.49 | ||
| Q1 25 | $-1.06 | $1.24 | ||
| Q4 24 | $-2.15 | $1.00 | ||
| Q3 24 | $-0.85 | $1.47 | ||
| Q2 24 | — | $1.37 |
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 | $616.0M | $542.4M |
| 总债务越低越好 | $5.0B | $3.1B |
| 股东权益账面价值 | $18.6B | $3.7B |
| 总资产 | $28.3B | $10.2B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资EXEPPC
| Q1 26 | — | $542.4M | ||
| Q4 25 | $616.0M | $640.2M | ||
| Q3 25 | $613.0M | $612.6M | ||
| Q2 25 | $731.0M | $849.0M | ||
| Q1 25 | $349.0M | $2.1B | ||
| Q4 24 | $317.0M | $2.0B | ||
| Q3 24 | $1.0B | $1.9B | ||
| Q2 24 | — | $1.3B |
总债务EXEPPC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $5.0B | $3.1B | ||
| Q3 25 | $5.0B | $3.1B | ||
| Q2 25 | $5.1B | $3.1B | ||
| Q1 25 | $5.2B | $3.2B | ||
| Q4 24 | $5.7B | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B |
股东权益EXEPPC
| Q1 26 | — | $3.7B | ||
| Q4 25 | $18.6B | $3.7B | ||
| Q3 25 | $18.1B | $3.5B | ||
| Q2 25 | $17.9B | $3.7B | ||
| Q1 25 | $17.2B | $3.1B | ||
| Q4 24 | $17.6B | $4.2B | ||
| Q3 24 | $10.2B | $4.2B | ||
| Q2 24 | — | $3.7B |
总资产EXEPPC
| Q1 26 | — | $10.2B | ||
| Q4 25 | $28.3B | $10.3B | ||
| Q3 25 | $27.6B | $10.0B | ||
| Q2 25 | $27.8B | $10.1B | ||
| Q1 25 | $27.9B | $11.0B | ||
| Q4 24 | $27.9B | $10.7B | ||
| Q3 24 | $13.4B | $10.7B | ||
| Q2 24 | — | $10.1B |
负债/权益比EXEPPC
| Q1 26 | — | 0.83× | ||
| Q4 25 | 0.27× | 0.84× | ||
| Q3 25 | 0.28× | 0.87× | ||
| Q2 25 | 0.29× | 0.83× | ||
| Q1 25 | 0.30× | 1.02× | ||
| Q4 24 | 0.32× | 0.76× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.85× |
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 | $956.0M | — |
| 自由现金流经营现金流 - 资本支出 | $215.0M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 22.6% | — |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流EXEPPC
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $291.2M | ||
| Q3 25 | $1.2B | $458.3M | ||
| Q2 25 | $1.3B | $495.2M | ||
| Q1 25 | $1.1B | $126.9M | ||
| Q4 24 | $382.0M | $349.3M | ||
| Q3 24 | $422.0M | $651.1M | ||
| Q2 24 | — | $718.6M |
自由现金流EXEPPC
| Q1 26 | — | — | ||
| Q4 25 | $215.0M | $10.0M | ||
| Q3 25 | $426.0M | $275.9M | ||
| Q2 25 | $665.0M | $339.1M | ||
| Q1 25 | $533.0M | $28.1M | ||
| Q4 24 | $-154.0M | $176.6M | ||
| Q3 24 | $124.0M | $565.3M | ||
| Q2 24 | — | $617.7M |
自由现金流率EXEPPC
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 0.2% | ||
| Q3 25 | 14.4% | 5.8% | ||
| Q2 25 | 18.0% | 7.1% | ||
| Q1 25 | 24.3% | 0.6% | ||
| Q4 24 | -7.7% | 4.0% | ||
| Q3 24 | 19.1% | 12.3% | ||
| Q2 24 | — | 13.5% |
资本支出强度EXEPPC
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | 6.2% | ||
| Q3 25 | 26.1% | 3.8% | ||
| Q2 25 | 17.8% | 3.3% | ||
| Q1 25 | 25.6% | 2.2% | ||
| Q4 24 | 26.8% | 4.0% | ||
| Q3 24 | 46.0% | 1.9% | ||
| Q2 24 | — | 2.2% |
现金转化率EXEPPC
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | 3.31× | ||
| Q3 25 | 2.20× | 1.34× | ||
| Q2 25 | 1.37× | 1.39× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 2.20× |
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
EXE
| Oil And Gas | $2.3B | 70% |
| Natural Gas Marketing Sales | $734.0M | 22% |
| Natural Gas Liquids Sales | $174.0M | 5% |
| Natural Gas Liquids Marketing Sales | $34.0M | 1% |
| Oil Marketing Sales | $31.0M | 1% |
PPC
| U.S | $2.6B | 58% |
| Europe | $1.4B | 30% |
| Mexico | $545.5M | 12% |
