vs
FirstEnergy（FE）与SHOPIFY INC.（SHOP）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SHOPIFY INC.的1.0倍（$3.8B vs $3.7B），SHOPIFY INC.净利率更高（20.2% vs -1.3%，领先21.5%），SHOPIFY INC.同比增速更快（30.6% vs 19.6%），SHOPIFY INC.自由现金流更多（$715.0M vs $-30.0M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% 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。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
FE vs SHOP — 直观对比
营收规模更大
FE
是对方的1.0倍
$3.7B
营收增速更快
SHOP
高出11.0%
19.6%
净利率更高
SHOP
高出21.5%
-1.3%
自由现金流更多
SHOP
多$745.0M
$-30.0M
两年增速更快
SHOP
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.7B |
| 净利润 | $-49.0M | $743.0M |
| 毛利率 | — | 46.1% |
| 营业利润率 | -0.6% | 17.2% |
| 净利率 | -1.3% | 20.2% |
| 营收同比 | 19.6% | 30.6% |
| 净利润同比 | -118.8% | -42.5% |
| 每股收益（稀释后） | $-0.08 | $0.58 |
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FESHOP
| Q4 25 | $3.8B | $3.7B | ||
| Q3 25 | $4.1B | $2.8B | ||
| Q2 25 | $3.4B | $2.7B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.2B | $2.8B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.3B | $1.9B |
净利润FESHOP
| Q4 25 | $-49.0M | $743.0M | ||
| Q3 25 | $441.0M | $264.0M | ||
| Q2 25 | $268.0M | $906.0M | ||
| Q1 25 | $360.0M | $-682.0M | ||
| Q4 24 | $261.0M | $1.3B | ||
| Q3 24 | $419.0M | $828.0M | ||
| Q2 24 | $45.0M | $171.0M | ||
| Q1 24 | $253.0M | $-273.0M |
毛利率FESHOP
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
营业利润率FESHOP
| Q4 25 | -0.6% | 17.2% | ||
| Q3 25 | 20.0% | 12.1% | ||
| Q2 25 | 19.1% | 10.9% | ||
| Q1 25 | 20.0% | 8.6% | ||
| Q4 24 | 19.3% | 16.5% | ||
| Q3 24 | 19.5% | 13.1% | ||
| Q2 24 | 12.9% | 11.8% | ||
| Q1 24 | 18.6% | 4.6% |
净利率FESHOP
| Q4 25 | -1.3% | 20.2% | ||
| Q3 25 | 10.6% | 9.3% | ||
| Q2 25 | 7.9% | 33.8% | ||
| Q1 25 | 9.6% | -28.9% | ||
| Q4 24 | 8.2% | 46.0% | ||
| Q3 24 | 11.2% | 38.3% | ||
| Q2 24 | 1.4% | 8.4% | ||
| Q1 24 | 7.7% | -14.7% |
每股收益（稀释后）FESHOP
| Q4 25 | $-0.08 | $0.58 | ||
| Q3 25 | $0.76 | $0.20 | ||
| Q2 25 | $0.46 | $0.69 | ||
| Q1 25 | $0.62 | $-0.53 | ||
| Q4 24 | $0.45 | $0.99 | ||
| Q3 24 | $0.73 | $0.64 | ||
| Q2 24 | $0.08 | $0.13 | ||
| Q1 24 | $0.44 | $-0.21 |
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 | $5.8B |
| 总债务越低越好 | $25.5B | — |
| 股东权益账面价值 | $12.5B | $13.5B |
| 总资产 | $55.9B | $15.2B |
| 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FESHOP
| Q4 25 | $57.0M | $5.8B | ||
| Q3 25 | $1.4B | $6.3B | ||
| Q2 25 | $569.0M | $5.8B | ||
| Q1 25 | $132.0M | $5.5B | ||
| Q4 24 | $111.0M | $5.5B | ||
| Q3 24 | $439.0M | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $888.0M | — |
总债务FESHOP
| 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FESHOP
| Q4 25 | $12.5B | $13.5B | ||
| Q3 25 | $12.8B | $12.5B | ||
| Q2 25 | $12.9B | $12.1B | ||
| Q1 25 | $12.6B | $11.1B | ||
| Q4 24 | $12.5B | $11.6B | ||
| Q3 24 | $12.4B | $10.1B | ||
| Q2 24 | $12.5B | $9.2B | ||
| Q1 24 | $12.4B | $8.9B |
总资产FESHOP
| Q4 25 | $55.9B | $15.2B | ||
| Q3 25 | $55.9B | $15.0B | ||
| Q2 25 | $54.2B | $14.6B | ||
| Q1 25 | $52.8B | $13.4B | ||
| Q4 24 | $52.0B | $13.9B | ||
| Q3 24 | $50.8B | — | ||
| Q2 24 | $51.0B | — | ||
| Q1 24 | $51.3B | — |
负债/权益比FESHOP
| 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 | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $-30.0M | $715.0M |
| 自由现金流率自由现金流/营收 | -0.8% | 19.5% |
| 资本支出强度资本支出/营收 | 30.7% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $2.0B |
8季度趋势，按日历期对齐
经营现金流FESHOP
| Q4 25 | $1.1B | $725.0M | ||
| Q3 25 | $845.0M | $513.0M | ||
| Q2 25 | $1.1B | $428.0M | ||
| Q1 25 | $637.0M | $367.0M | ||
| Q4 24 | $1.0B | $615.0M | ||
| Q3 24 | $775.0M | $423.0M | ||
| Q2 24 | $1.1B | $340.0M | ||
| Q1 24 | $-40.0M | $238.0M |
自由现金流FESHOP
| Q4 25 | $-30.0M | $715.0M | ||
| Q3 25 | $-471.0M | $507.0M | ||
| Q2 25 | $-136.0M | $422.0M | ||
| Q1 25 | $-368.0M | $363.0M | ||
| Q4 24 | $-250.0M | $611.0M | ||
| Q3 24 | $-229.0M | $421.0M | ||
| Q2 24 | $170.0M | $333.0M | ||
| Q1 24 | $-830.0M | $232.0M |
自由现金流率FESHOP
| Q4 25 | -0.8% | 19.5% | ||
| Q3 25 | -11.4% | 17.8% | ||
| Q2 25 | -4.0% | 15.7% | ||
| Q1 25 | -9.8% | 15.4% | ||
| Q4 24 | -7.9% | 21.7% | ||
| Q3 24 | -6.1% | 19.5% | ||
| Q2 24 | 5.2% | 16.3% | ||
| Q1 24 | -25.3% | 12.5% |
资本支出强度FESHOP
| Q4 25 | 30.7% | 0.3% | ||
| Q3 25 | 31.7% | 0.2% | ||
| Q2 25 | 36.0% | 0.2% | ||
| Q1 25 | 26.7% | 0.2% | ||
| Q4 24 | 40.7% | 0.1% | ||
| Q3 24 | 26.9% | 0.1% | ||
| Q2 24 | 28.7% | 0.3% | ||
| Q1 24 | 24.0% | 0.3% |
现金转化率FESHOP
| Q4 25 | — | 0.98× | ||
| Q3 25 | 1.92× | 1.94× | ||
| Q2 25 | 4.04× | 0.47× | ||
| Q1 25 | 1.77× | — | ||
| Q4 24 | 4.00× | 0.48× | ||
| Q3 24 | 1.85× | 0.51× | ||
| Q2 24 | 24.71× | 1.99× | ||
| Q1 24 | -0.16× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
