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FirstEnergy（FE）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
FirstEnergy的季度营收约是COMFORT SYSTEMS USA INC的1.4倍（$3.8B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs -1.3%，领先13.8%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 19.6%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $-30.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 7.5%）
FirstEnergy Corp是总部位于美国俄亥俄州阿克伦市的电力公用事业企业，主营电力供应、电网运营相关业务，于1997年由俄亥俄爱迪生公司与森特里奥尔能源公司合并组建，是美国中西部地区颇具影响力的公共事业服务商。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
FE vs FIX — 直观对比
营收规模更大
FE
是对方的1.4倍
$2.6B
营收增速更快
FIX
高出22.1%
19.6%
净利率更高
FIX
高出13.8%
-1.3%
自由现金流更多
FIX
多$432.4M
$-30.0M
两年增速更快
FIX
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.6B |
| 净利润 | $-49.0M | $330.8M |
| 毛利率 | — | 25.5% |
| 营业利润率 | -0.6% | 16.1% |
| 净利率 | -1.3% | 12.5% |
| 营收同比 | 19.6% | 41.7% |
| 净利润同比 | -118.8% | 126.8% |
| 每股收益（稀释后） | $-0.08 | $9.35 |
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FEFIX
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $4.1B | $2.5B | ||
| Q2 25 | $3.4B | $2.2B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $3.2B | $1.9B | ||
| Q3 24 | $3.7B | $1.8B | ||
| Q2 24 | $3.3B | $1.8B | ||
| Q1 24 | $3.3B | $1.5B |
净利润FEFIX
| Q4 25 | $-49.0M | $330.8M | ||
| Q3 25 | $441.0M | $291.6M | ||
| Q2 25 | $268.0M | $230.8M | ||
| Q1 25 | $360.0M | $169.3M | ||
| Q4 24 | $261.0M | $145.9M | ||
| Q3 24 | $419.0M | $146.2M | ||
| Q2 24 | $45.0M | $134.0M | ||
| Q1 24 | $253.0M | $96.3M |
毛利率FEFIX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 19.3% |
营业利润率FEFIX
| Q4 25 | -0.6% | 16.1% | ||
| Q3 25 | 20.0% | 15.5% | ||
| Q2 25 | 19.1% | 13.8% | ||
| Q1 25 | 20.0% | 11.4% | ||
| Q4 24 | 19.3% | 12.1% | ||
| Q3 24 | 19.5% | 11.2% | ||
| Q2 24 | 12.9% | 10.2% | ||
| Q1 24 | 18.6% | 8.8% |
净利率FEFIX
| Q4 25 | -1.3% | 12.5% | ||
| Q3 25 | 10.6% | 11.9% | ||
| Q2 25 | 7.9% | 10.6% | ||
| Q1 25 | 9.6% | 9.2% | ||
| Q4 24 | 8.2% | 7.8% | ||
| Q3 24 | 11.2% | 8.1% | ||
| Q2 24 | 1.4% | 7.4% | ||
| Q1 24 | 7.7% | 6.3% |
每股收益（稀释后）FEFIX
| Q4 25 | $-0.08 | $9.35 | ||
| Q3 25 | $0.76 | $8.25 | ||
| Q2 25 | $0.46 | $6.53 | ||
| Q1 25 | $0.62 | $4.75 | ||
| Q4 24 | $0.45 | $4.08 | ||
| Q3 24 | $0.73 | $4.09 | ||
| Q2 24 | $0.08 | $3.74 | ||
| Q1 24 | $0.44 | $2.69 |
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 | $57.0M | $981.9M |
| 总债务越低越好 | $25.5B | $145.2M |
| 股东权益账面价值 | $12.5B | $2.4B |
| 总资产 | $55.9B | $6.4B |
| 负债/权益比越低杠杆越低 | 2.04× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资FEFIX
| Q4 25 | $57.0M | $981.9M | ||
| Q3 25 | $1.4B | $860.5M | ||
| Q2 25 | $569.0M | $331.7M | ||
| Q1 25 | $132.0M | $204.8M | ||
| Q4 24 | $111.0M | $549.9M | ||
| Q3 24 | $439.0M | $415.6M | ||
| Q2 24 | $60.0M | $199.4M | ||
| Q1 24 | $888.0M | $100.8M |
总债务FEFIX
| Q4 25 | $25.5B | $145.2M | ||
| Q3 25 | $25.5B | $136.0M | ||
| Q2 25 | $23.7B | $73.0M | ||
| Q1 25 | $21.2B | $67.8M | ||
| Q4 24 | $22.5B | $68.3M | ||
| Q3 24 | $21.6B | $62.3M | ||
| Q2 24 | $20.8B | $73.4M | ||
| Q1 24 | $21.7B | $77.0M |
股东权益FEFIX
| Q4 25 | $12.5B | $2.4B | ||
| Q3 25 | $12.8B | $2.2B | ||
| Q2 25 | $12.9B | $2.0B | ||
| Q1 25 | $12.6B | $1.8B | ||
| Q4 24 | $12.5B | $1.7B | ||
| Q3 24 | $12.4B | $1.6B | ||
| Q2 24 | $12.5B | $1.5B | ||
| Q1 24 | $12.4B | $1.4B |
总资产FEFIX
| Q4 25 | $55.9B | $6.4B | ||
| Q3 25 | $55.9B | $5.8B | ||
| Q2 25 | $54.2B | $5.1B | ||
| Q1 25 | $52.8B | $4.6B | ||
| Q4 24 | $52.0B | $4.7B | ||
| Q3 24 | $50.8B | $4.4B | ||
| Q2 24 | $51.0B | $4.2B | ||
| Q1 24 | $51.3B | $3.9B |
负债/权益比FEFIX
| Q4 25 | 2.04× | 0.06× | ||
| Q3 25 | 1.99× | 0.06× | ||
| Q2 25 | 1.85× | 0.04× | ||
| Q1 25 | 1.69× | 0.04× | ||
| Q4 24 | 1.81× | 0.04× | ||
| Q3 24 | 1.74× | 0.04× | ||
| Q2 24 | 1.67× | 0.05× | ||
| Q1 24 | 1.75× | 0.06× |
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 | $1.1B | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $-30.0M | $402.4M |
| 自由现金流率自由现金流/营收 | -0.8% | 15.2% |
| 资本支出强度资本支出/营收 | 30.7% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $1.0B |
8季度趋势，按日历期对齐
经营现金流FEFIX
| Q4 25 | $1.1B | $468.5M | ||
| Q3 25 | $845.0M | $553.3M | ||
| Q2 25 | $1.1B | $252.5M | ||
| Q1 25 | $637.0M | $-88.0M | ||
| Q4 24 | $1.0B | $210.5M | ||
| Q3 24 | $775.0M | $302.2M | ||
| Q2 24 | $1.1B | $189.9M | ||
| Q1 24 | $-40.0M | $146.6M |
自由现金流FEFIX
| Q4 25 | $-30.0M | $402.4M | ||
| Q3 25 | $-471.0M | $517.9M | ||
| Q2 25 | $-136.0M | $221.2M | ||
| Q1 25 | $-368.0M | $-110.2M | ||
| Q4 24 | $-250.0M | $169.8M | ||
| Q3 24 | $-229.0M | $280.1M | ||
| Q2 24 | $170.0M | $166.5M | ||
| Q1 24 | $-830.0M | $121.6M |
自由现金流率FEFIX
| Q4 25 | -0.8% | 15.2% | ||
| Q3 25 | -11.4% | 21.1% | ||
| Q2 25 | -4.0% | 10.2% | ||
| Q1 25 | -9.8% | -6.0% | ||
| Q4 24 | -7.9% | 9.1% | ||
| Q3 24 | -6.1% | 15.5% | ||
| Q2 24 | 5.2% | 9.2% | ||
| Q1 24 | -25.3% | 7.9% |
资本支出强度FEFIX
| Q4 25 | 30.7% | 2.5% | ||
| Q3 25 | 31.7% | 1.4% | ||
| Q2 25 | 36.0% | 1.4% | ||
| Q1 25 | 26.7% | 1.2% | ||
| Q4 24 | 40.7% | 2.2% | ||
| Q3 24 | 26.9% | 1.2% | ||
| Q2 24 | 28.7% | 1.3% | ||
| Q1 24 | 24.0% | 1.6% |
现金转化率FEFIX
| Q4 25 | — | 1.42× | ||
| Q3 25 | 1.92× | 1.90× | ||
| Q2 25 | 4.04× | 1.09× | ||
| Q1 25 | 1.77× | -0.52× | ||
| Q4 24 | 4.00× | 1.44× | ||
| Q3 24 | 1.85× | 2.07× | ||
| Q2 24 | 24.71× | 1.42× | ||
| Q1 24 | -0.16× | 1.52× |
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
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
