vs
FirstEnergy（FE）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是FirstEnergy的1.0倍（$4.0B vs $3.8B），United Rentals净利率更高（13.3% vs -1.3%，领先14.6%），FirstEnergy同比增速更快（19.6% vs 7.2%），United Rentals自由现金流更多（$1.1B vs $-30.0M），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
FE vs URI — 直观对比
营收规模更大
URI
是对方的1.0倍
$3.8B
营收增速更快
FE
高出12.4%
7.2%
净利率更高
URI
高出14.6%
-1.3%
自由现金流更多
URI
多$1.1B
$-30.0M
两年增速更快
URI
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.0B |
| 净利润 | $-49.0M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | -0.6% | 21.8% |
| 净利率 | -1.3% | 13.3% |
| 营收同比 | 19.6% | 7.2% |
| 净利润同比 | -118.8% | 2.5% |
| 每股收益（稀释后） | $-0.08 | $8.43 |
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FEURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.8B | $992.0M | ||
| Q3 25 | $4.1B | $938.0M | ||
| Q2 25 | $3.4B | $872.0M | ||
| Q1 25 | $3.8B | $893.0M | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.7B | $874.0M | ||
| Q2 24 | $3.3B | $870.0M |
净利润FEURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $-49.0M | $653.0M | ||
| Q3 25 | $441.0M | $701.0M | ||
| Q2 25 | $268.0M | $622.0M | ||
| Q1 25 | $360.0M | $518.0M | ||
| Q4 24 | $261.0M | $689.0M | ||
| Q3 24 | $419.0M | $708.0M | ||
| Q2 24 | $45.0M | $636.0M |
毛利率FEURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率FEURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | -0.6% | — | ||
| Q3 25 | 20.0% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 20.0% | 90.0% | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 12.9% | — |
净利率FEURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | -1.3% | 65.8% | ||
| Q3 25 | 10.6% | 74.7% | ||
| Q2 25 | 7.9% | 71.3% | ||
| Q1 25 | 9.6% | 58.0% | ||
| Q4 24 | 8.2% | 67.6% | ||
| Q3 24 | 11.2% | 81.0% | ||
| Q2 24 | 1.4% | 73.1% |
每股收益（稀释后）FEURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $-0.08 | $10.20 | ||
| Q3 25 | $0.76 | $10.91 | ||
| Q2 25 | $0.46 | $9.59 | ||
| Q1 25 | $0.62 | $7.91 | ||
| Q4 24 | $0.45 | $10.41 | ||
| Q3 24 | $0.73 | $10.70 | ||
| Q2 24 | $0.08 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | $25.5B | $13.9B |
| 股东权益账面价值 | $12.5B | $9.0B |
| 总资产 | $55.9B | $29.9B |
| 负债/权益比越低杠杆越低 | 2.04× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资FEURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $57.0M | $459.0M | ||
| Q3 25 | $1.4B | $512.0M | ||
| Q2 25 | $569.0M | $548.0M | ||
| Q1 25 | $132.0M | $542.0M | ||
| Q4 24 | $111.0M | $457.0M | ||
| Q3 24 | $439.0M | $479.0M | ||
| Q2 24 | $60.0M | $467.0M |
总债务FEURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $25.5B | $12.7B | ||
| Q3 25 | $25.5B | $12.6B | ||
| Q2 25 | $23.7B | $12.1B | ||
| Q1 25 | $21.2B | $11.5B | ||
| Q4 24 | $22.5B | $12.2B | ||
| Q3 24 | $21.6B | $11.9B | ||
| Q2 24 | $20.8B | $11.5B |
股东权益FEURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $12.5B | $9.0B | ||
| Q3 25 | $12.8B | $9.0B | ||
| Q2 25 | $12.9B | $9.0B | ||
| Q1 25 | $12.6B | $8.8B | ||
| Q4 24 | $12.5B | $8.6B | ||
| Q3 24 | $12.4B | $8.6B | ||
| Q2 24 | $12.5B | $8.3B |
总资产FEURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $55.9B | $29.9B | ||
| Q3 25 | $55.9B | $30.1B | ||
| Q2 25 | $54.2B | $29.2B | ||
| Q1 25 | $52.8B | $28.1B | ||
| Q4 24 | $52.0B | $28.2B | ||
| Q3 24 | $50.8B | $28.4B | ||
| Q2 24 | $51.0B | $27.6B |
负债/权益比FEURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 2.04× | 1.41× | ||
| Q3 25 | 1.99× | 1.40× | ||
| Q2 25 | 1.85× | 1.34× | ||
| Q1 25 | 1.69× | 1.31× | ||
| Q4 24 | 1.81× | 1.42× | ||
| Q3 24 | 1.74× | 1.38× | ||
| Q2 24 | 1.67× | 1.39× |
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 | $1.5B |
| 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% | 26.4% |
| 资本支出强度资本支出/营收 | 30.7% | — |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | — |
8季度趋势，按日历期对齐
经营现金流FEURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $845.0M | $1.2B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $637.0M | $1.4B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $775.0M | $1.2B | ||
| Q2 24 | $1.1B | $1.3B |
自由现金流FEURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $-30.0M | — | ||
| Q3 25 | $-471.0M | — | ||
| Q2 25 | $-136.0M | — | ||
| Q1 25 | $-368.0M | — | ||
| Q4 24 | $-250.0M | $471.0M | ||
| Q3 24 | $-229.0M | $-168.0M | ||
| Q2 24 | $170.0M | $-263.0M |
自由现金流率FEURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | -0.8% | — | ||
| Q3 25 | -11.4% | — | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | -7.9% | 46.2% | ||
| Q3 24 | -6.1% | -19.2% | ||
| Q2 24 | 5.2% | -30.2% |
资本支出强度FEURI
| Q1 26 | — | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 40.7% | 56.6% | ||
| Q3 24 | 26.9% | 157.0% | ||
| Q2 24 | 28.7% | 175.6% |
现金转化率FEURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | — | 1.92× | ||
| Q3 25 | 1.92× | 1.68× | ||
| Q2 25 | 4.04× | 2.14× | ||
| Q1 25 | 1.77× | 2.75× | ||
| Q4 24 | 4.00× | 1.52× | ||
| Q3 24 | 1.85× | 1.70× | ||
| Q2 24 | 24.71× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
