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FirstEnergy（FE）与洲际交易所（ICE）财务数据对比。点击上方公司名可切换其他公司
FirstEnergy的季度营收约是洲际交易所的1.2倍（$3.8B vs $3.1B），洲际交易所净利率更高（27.1% vs -1.3%，领先28.4%），FirstEnergy同比增速更快（19.6% vs 3.7%），洲际交易所自由现金流更多（$1.1B vs $-30.0M），过去两年FirstEnergy的营收复合增速更高（7.5% vs 5.9%）
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。
洲际交易所（ICE）是2000年成立的美国跨国金融服务企业，运营全球金融交易所与清算所，提供抵押技术、数据及上市服务，位列财富500强、标普500及罗素1000指数成分股，旗下拥有金融及大宗商品市场交易所，运营12家受监管的交易场所，业务覆盖美加欧等多地期货市场。
FE vs ICE — 直观对比
营收规模更大
FE
是对方的1.2倍
$3.1B
营收增速更快
FE
高出15.9%
3.7%
净利率更高
ICE
高出28.4%
-1.3%
自由现金流更多
ICE
多$1.1B
$-30.0M
两年增速更快
FE
近两年复合增速
5.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.1B |
| 净利润 | $-49.0M | $851.0M |
| 毛利率 | — | — |
| 营业利润率 | -0.6% | 39.4% |
| 净利率 | -1.3% | 27.1% |
| 营收同比 | 19.6% | 3.7% |
| 净利润同比 | -118.8% | 21.9% |
| 每股收益（稀释后） | $-0.08 | $1.49 |
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FEICE
| Q4 25 | $3.8B | $3.1B | ||
| Q3 25 | $4.1B | $3.0B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.8B | $3.2B | ||
| Q4 24 | $3.2B | $3.0B | ||
| Q3 24 | $3.7B | $3.0B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.3B | $2.8B |
净利润FEICE
| Q4 25 | $-49.0M | $851.0M | ||
| Q3 25 | $441.0M | $816.0M | ||
| Q2 25 | $268.0M | $851.0M | ||
| Q1 25 | $360.0M | $797.0M | ||
| Q4 24 | $261.0M | $698.0M | ||
| Q3 24 | $419.0M | $657.0M | ||
| Q2 24 | $45.0M | $632.0M | ||
| Q1 24 | $253.0M | $767.0M |
营业利润率FEICE
| Q4 25 | -0.6% | 39.4% | ||
| Q3 25 | 20.0% | 39.0% | ||
| Q2 25 | 19.1% | 39.8% | ||
| Q1 25 | 20.0% | 37.8% | ||
| Q4 24 | 19.3% | 35.5% | ||
| Q3 24 | 19.5% | 36.4% | ||
| Q2 24 | 12.9% | 36.8% | ||
| Q1 24 | 18.6% | 38.0% |
净利率FEICE
| Q4 25 | -1.3% | 27.1% | ||
| Q3 25 | 10.6% | 27.1% | ||
| Q2 25 | 7.9% | 26.1% | ||
| Q1 25 | 9.6% | 24.7% | ||
| Q4 24 | 8.2% | 23.0% | ||
| Q3 24 | 11.2% | 21.7% | ||
| Q2 24 | 1.4% | 21.8% | ||
| Q1 24 | 7.7% | 27.4% |
每股收益（稀释后）FEICE
| Q4 25 | $-0.08 | $1.49 | ||
| Q3 25 | $0.76 | $1.42 | ||
| Q2 25 | $0.46 | $1.48 | ||
| Q1 25 | $0.62 | $1.38 | ||
| Q4 24 | $0.45 | $1.21 | ||
| Q3 24 | $0.73 | $1.14 | ||
| Q2 24 | $0.08 | $1.10 | ||
| Q1 24 | $0.44 | $1.33 |
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 | $837.0M |
| 总债务越低越好 | $25.5B | — |
| 股东权益账面价值 | $12.5B | $28.9B |
| 总资产 | $55.9B | $136.9B |
| 负债/权益比越低杠杆越低 | 2.04× | — |
8季度趋势，按日历期对齐
现金及短期投资FEICE
| Q4 25 | $57.0M | $837.0M | ||
| Q3 25 | $1.4B | $850.0M | ||
| Q2 25 | $569.0M | $1.0B | ||
| Q1 25 | $132.0M | $783.0M | ||
| Q4 24 | $111.0M | $844.0M | ||
| Q3 24 | $439.0M | $755.0M | ||
| Q2 24 | $60.0M | $885.0M | ||
| Q1 24 | $888.0M | $863.0M |
总债务FEICE
| Q4 25 | $25.5B | — | ||
| Q3 25 | $25.5B | — | ||
| Q2 25 | $23.7B | — | ||
| Q1 25 | $21.2B | — | ||
| Q4 24 | $22.5B | — | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $20.8B | — | ||
| Q1 24 | $21.7B | — |
股东权益FEICE
| Q4 25 | $12.5B | $28.9B | ||
| Q3 25 | $12.8B | $28.6B | ||
| Q2 25 | $12.9B | $28.4B | ||
| Q1 25 | $12.6B | $28.0B | ||
| Q4 24 | $12.5B | $27.6B | ||
| Q3 24 | $12.4B | $27.2B | ||
| Q2 24 | $12.5B | $26.7B | ||
| Q1 24 | $12.4B | $26.2B |
总资产FEICE
| Q4 25 | $55.9B | $136.9B | ||
| Q3 25 | $55.9B | $140.9B | ||
| Q2 25 | $54.2B | $144.2B | ||
| Q1 25 | $52.8B | $142.9B | ||
| Q4 24 | $52.0B | $139.4B | ||
| Q3 24 | $50.8B | $135.2B | ||
| Q2 24 | $51.0B | $137.7B | ||
| Q1 24 | $51.3B | $131.4B |
负债/权益比FEICE
| Q4 25 | 2.04× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 1.67× | — | ||
| Q1 24 | 1.75× | — |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-30.0M | $1.1B |
| 自由现金流率自由现金流/营收 | -0.8% | 35.3% |
| 资本支出强度资本支出/营收 | 30.7% | 5.3% |
| 现金转化率经营现金流/净利润 | — | 1.50× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $4.3B |
8季度趋势，按日历期对齐
经营现金流FEICE
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $845.0M | $915.0M | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $637.0M | $966.0M | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $775.0M | $898.0M | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $-40.0M | $1.0B |
自由现金流FEICE
| Q4 25 | $-30.0M | $1.1B | ||
| Q3 25 | $-471.0M | $853.0M | ||
| Q2 25 | $-136.0M | $1.4B | ||
| Q1 25 | $-368.0M | $881.0M | ||
| Q4 24 | $-250.0M | $1.3B | ||
| Q3 24 | $-229.0M | $819.0M | ||
| Q2 24 | $170.0M | $1.1B | ||
| Q1 24 | $-830.0M | $951.0M |
自由现金流率FEICE
| Q4 25 | -0.8% | 35.3% | ||
| Q3 25 | -11.4% | 28.4% | ||
| Q2 25 | -4.0% | 44.3% | ||
| Q1 25 | -9.8% | 27.3% | ||
| Q4 24 | -7.9% | 43.3% | ||
| Q3 24 | -6.1% | 27.0% | ||
| Q2 24 | 5.2% | 38.7% | ||
| Q1 24 | -25.3% | 34.0% |
资本支出强度FEICE
| Q4 25 | 30.7% | 5.3% | ||
| Q3 25 | 31.7% | 2.1% | ||
| Q2 25 | 36.0% | 1.8% | ||
| Q1 25 | 26.7% | 2.6% | ||
| Q4 24 | 40.7% | 6.4% | ||
| Q3 24 | 26.9% | 2.6% | ||
| Q2 24 | 28.7% | 2.6% | ||
| Q1 24 | 24.0% | 2.1% |
现金转化率FEICE
| Q4 25 | — | 1.50× | ||
| Q3 25 | 1.92× | 1.12× | ||
| Q2 25 | 4.04× | 1.77× | ||
| Q1 25 | 1.77× | 1.21× | ||
| Q4 24 | 4.00× | 2.16× | ||
| Q3 24 | 1.85× | 1.37× | ||
| Q2 24 | 24.71× | 1.89× | ||
| Q1 24 | -0.16× | 1.32× |
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% |
ICE
| Other | $1.9B | 60% |
| Fixed Income Data And Analytics | $318.0M | 10% |
| Exchange Data | $266.0M | 8% |
| Origination Technology | $188.0M | 6% |
| Financial Futures And Options | $155.0M | 5% |
| Listings | $125.0M | 4% |
| OT Cand Other Transactions | $97.0M | 3% |
| Closing Solutions | $60.0M | 2% |
| Fixed Income Execution | $29.0M | 1% |
| Product And Service Net Interest Income | $26.0M | 1% |
