vs
FirstEnergy（FE）与国际香精香料（IFF）财务数据对比。点击上方公司名可切换其他公司
FirstEnergy的季度营收约是国际香精香料的1.5倍（$3.8B vs $2.6B），国际香精香料净利率更高（0.2% vs -1.3%，领先1.5%），FirstEnergy同比增速更快（19.6% vs -6.6%），国际香精香料自由现金流更多（$130.0M vs $-30.0M），过去两年FirstEnergy的营收复合增速更高（7.5% vs -5.5%）
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。
国际香精香料（IFF）是美国知名企业，业务覆盖风味、质感、香氛、营养、酶制剂、菌种、大豆蛋白、益生菌等多品类产品研发，产品行销全球。公司总部位于纽约，在44个国家设有创意、销售及生产基地，是标普500指数成分股企业。
FE vs IFF — 直观对比
营收规模更大
FE
是对方的1.5倍
$2.6B
营收增速更快
FE
高出26.1%
-6.6%
净利率更高
IFF
高出1.5%
-1.3%
自由现金流更多
IFF
多$160.0M
$-30.0M
两年增速更快
FE
近两年复合增速
-5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.6B |
| 净利润 | $-49.0M | $5.0M |
| 毛利率 | — | 34.4% |
| 营业利润率 | -0.6% | 3.7% |
| 净利率 | -1.3% | 0.2% |
| 营收同比 | 19.6% | -6.6% |
| 净利润同比 | -118.8% | 110.9% |
| 每股收益（稀释后） | $-0.08 | $0.03 |
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FEIFF
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $4.1B | $2.7B | ||
| Q2 25 | $3.4B | $2.8B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.2B | $2.8B | ||
| Q3 24 | $3.7B | $2.9B | ||
| Q2 24 | $3.3B | $2.9B | ||
| Q1 24 | $3.3B | $2.9B |
净利润FEIFF
| Q4 25 | $-49.0M | $5.0M | ||
| Q3 25 | $441.0M | $40.0M | ||
| Q2 25 | $268.0M | $612.0M | ||
| Q1 25 | $360.0M | $-1.0B | ||
| Q4 24 | $261.0M | $-46.0M | ||
| Q3 24 | $419.0M | $59.0M | ||
| Q2 24 | $45.0M | $170.0M | ||
| Q1 24 | $253.0M | $60.0M |
毛利率FEIFF
| Q4 25 | — | 34.4% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 36.4% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 37.0% | ||
| Q1 24 | — | 35.3% |
营业利润率FEIFF
| Q4 25 | -0.6% | 3.7% | ||
| Q3 25 | 20.0% | 8.4% | ||
| Q2 25 | 19.1% | 7.2% | ||
| Q1 25 | 20.0% | -31.8% | ||
| Q4 24 | 19.3% | 4.6% | ||
| Q3 24 | 19.5% | 8.5% | ||
| Q2 24 | 12.9% | 6.6% | ||
| Q1 24 | 18.6% | 6.9% |
净利率FEIFF
| Q4 25 | -1.3% | 0.2% | ||
| Q3 25 | 10.6% | 1.5% | ||
| Q2 25 | 7.9% | 22.1% | ||
| Q1 25 | 9.6% | -35.8% | ||
| Q4 24 | 8.2% | -1.7% | ||
| Q3 24 | 11.2% | 2.0% | ||
| Q2 24 | 1.4% | 5.9% | ||
| Q1 24 | 7.7% | 2.1% |
每股收益（稀释后）FEIFF
| Q4 25 | $-0.08 | $0.03 | ||
| Q3 25 | $0.76 | $0.16 | ||
| Q2 25 | $0.46 | $2.38 | ||
| Q1 25 | $0.62 | $-3.98 | ||
| Q4 24 | $0.45 | $-0.17 | ||
| Q3 24 | $0.73 | $0.23 | ||
| Q2 24 | $0.08 | $0.66 | ||
| Q1 24 | $0.44 | $0.23 |
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 | $590.0M |
| 总债务越低越好 | $25.5B | $5.6B |
| 股东权益账面价值 | $12.5B | $14.2B |
| 总资产 | $55.9B | $25.5B |
| 负债/权益比越低杠杆越低 | 2.04× | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资FEIFF
| Q4 25 | $57.0M | $590.0M | ||
| Q3 25 | $1.4B | $621.0M | ||
| Q2 25 | $569.0M | $816.0M | ||
| Q1 25 | $132.0M | $613.0M | ||
| Q4 24 | $111.0M | $469.0M | ||
| Q3 24 | $439.0M | $567.0M | ||
| Q2 24 | $60.0M | $671.0M | ||
| Q1 24 | $888.0M | $732.0M |
总债务FEIFF
| Q4 25 | $25.5B | $5.6B | ||
| Q3 25 | $25.5B | — | ||
| Q2 25 | $23.7B | — | ||
| Q1 25 | $21.2B | — | ||
| Q4 24 | $22.5B | $8.9B | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $20.8B | — | ||
| Q1 24 | $21.7B | — |
股东权益FEIFF
| Q4 25 | $12.5B | $14.2B | ||
| Q3 25 | $12.8B | $14.2B | ||
| Q2 25 | $12.9B | $14.4B | ||
| Q1 25 | $12.6B | $13.2B | ||
| Q4 24 | $12.5B | $13.9B | ||
| Q3 24 | $12.4B | $14.8B | ||
| Q2 24 | $12.5B | $14.3B | ||
| Q1 24 | $12.4B | $14.3B |
总资产FEIFF
| Q4 25 | $55.9B | $25.5B | ||
| Q3 25 | $55.9B | $25.8B | ||
| Q2 25 | $54.2B | $26.1B | ||
| Q1 25 | $52.8B | $28.3B | ||
| Q4 24 | $52.0B | $28.7B | ||
| Q3 24 | $50.8B | $29.9B | ||
| Q2 24 | $51.0B | $29.5B | ||
| Q1 24 | $51.3B | $30.6B |
负债/权益比FEIFF
| Q4 25 | 2.04× | 0.40× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.81× | 0.64× | ||
| 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 | $318.0M |
| 自由现金流经营现金流 - 资本支出 | $-30.0M | $130.0M |
| 自由现金流率自由现金流/营收 | -0.8% | 5.0% |
| 资本支出强度资本支出/营收 | 30.7% | 7.3% |
| 现金转化率经营现金流/净利润 | — | 63.60× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $256.0M |
8季度趋势，按日历期对齐
经营现金流FEIFF
| Q4 25 | $1.1B | $318.0M | ||
| Q3 25 | $845.0M | $164.0M | ||
| Q2 25 | $1.1B | $241.0M | ||
| Q1 25 | $637.0M | $127.0M | ||
| Q4 24 | $1.0B | $368.0M | ||
| Q3 24 | $775.0M | $366.0M | ||
| Q2 24 | $1.1B | $237.0M | ||
| Q1 24 | $-40.0M | $99.0M |
自由现金流FEIFF
| Q4 25 | $-30.0M | $130.0M | ||
| Q3 25 | $-471.0M | $32.0M | ||
| Q2 25 | $-136.0M | $146.0M | ||
| Q1 25 | $-368.0M | $-52.0M | ||
| Q4 24 | $-250.0M | $208.0M | ||
| Q3 24 | $-229.0M | $263.0M | ||
| Q2 24 | $170.0M | $155.0M | ||
| Q1 24 | $-830.0M | $-19.0M |
自由现金流率FEIFF
| Q4 25 | -0.8% | 5.0% | ||
| Q3 25 | -11.4% | 1.2% | ||
| Q2 25 | -4.0% | 5.3% | ||
| Q1 25 | -9.8% | -1.8% | ||
| Q4 24 | -7.9% | 7.5% | ||
| Q3 24 | -6.1% | 9.0% | ||
| Q2 24 | 5.2% | 5.4% | ||
| Q1 24 | -25.3% | -0.7% |
资本支出强度FEIFF
| Q4 25 | 30.7% | 7.3% | ||
| Q3 25 | 31.7% | 4.9% | ||
| Q2 25 | 36.0% | 3.4% | ||
| Q1 25 | 26.7% | 6.3% | ||
| Q4 24 | 40.7% | 5.8% | ||
| Q3 24 | 26.9% | 3.5% | ||
| Q2 24 | 28.7% | 2.8% | ||
| Q1 24 | 24.0% | 4.1% |
现金转化率FEIFF
| Q4 25 | — | 63.60× | ||
| Q3 25 | 1.92× | 4.10× | ||
| Q2 25 | 4.04× | 0.39× | ||
| Q1 25 | 1.77× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 1.85× | 6.20× | ||
| Q2 24 | 24.71× | 1.39× | ||
| Q1 24 | -0.16× | 1.65× |
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% |
IFF
| Food Ingredients | $802.0M | 31% |
| Scent | $610.0M | 24% |
| Other | $589.0M | 23% |
| Taste | $588.0M | 23% |
