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F&G Annuities & Life, Inc.（FG）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是F&G Annuities & Life, Inc.的1.3倍（$2.3B vs $1.8B），PPL Corporation净利率更高（11.3% vs 7.3%，领先4.1%），F&G Annuities & Life, Inc.同比增速更快（13.2% vs 7.2%），过去两年F&G Annuities & Life, Inc.的营收复合增速更高（6.1% vs 1.0%）
F&G年金人寿保险公司是一家总部位于美国爱荷华州得梅因的上市企业，成立于1959年，核心业务涵盖年金产品、人寿保险及养老金收购服务，长期为客户提供多元化的风险保障与养老财务解决方案。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
FG vs PPL — 直观对比
营收规模更大
PPL
是对方的1.3倍
$1.8B
营收增速更快
FG
高出6.0%
7.2%
净利率更高
PPL
高出4.1%
7.3%
两年增速更快
FG
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.3B |
| 净利润 | $128.0M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 20.3% |
| 净利率 | 7.3% | 11.3% |
| 营收同比 | 13.2% | 7.2% |
| 净利润同比 | -60.9% | 50.3% |
| 每股收益（稀释后） | $0.97 | $0.35 |
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FGPPL
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $908.0M | $2.5B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.6B | $2.3B |
净利润FGPPL
| Q4 25 | $128.0M | $266.0M | ||
| Q3 25 | $118.0M | $318.0M | ||
| Q2 25 | $40.0M | $183.0M | ||
| Q1 25 | $-21.0M | $414.0M | ||
| Q4 24 | $327.0M | $177.0M | ||
| Q3 24 | $-6.0M | $214.0M | ||
| Q2 24 | $203.0M | $190.0M | ||
| Q1 24 | $115.0M | $307.0M |
营业利润率FGPPL
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 25.4% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 26.6% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 23.7% |
净利率FGPPL
| Q4 25 | 7.3% | 11.3% | ||
| Q3 25 | 7.0% | 14.2% | ||
| Q2 25 | 2.9% | 9.0% | ||
| Q1 25 | -2.3% | 16.3% | ||
| Q4 24 | 21.0% | 8.1% | ||
| Q3 24 | -0.4% | 10.3% | ||
| Q2 24 | 17.3% | 10.1% | ||
| Q1 24 | 7.3% | 13.3% |
每股收益（稀释后）FGPPL
| Q4 25 | $0.97 | $0.35 | ||
| Q3 25 | $0.85 | $0.43 | ||
| Q2 25 | $0.26 | $0.25 | ||
| Q1 25 | $-0.20 | $0.56 | ||
| Q4 24 | $2.53 | $0.23 | ||
| Q3 24 | $-0.08 | $0.29 | ||
| Q2 24 | $1.55 | $0.26 | ||
| Q1 24 | $0.88 | $0.42 |
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 | $1.5B | $1.1B |
| 总债务越低越好 | $2.2B | $18.9B |
| 股东权益账面价值 | $4.8B | $14.9B |
| 总资产 | $98.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.47× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资FGPPL
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.9B | $294.0M | ||
| Q1 25 | $3.3B | $312.0M | ||
| Q4 24 | $2.3B | $306.0M | ||
| Q3 24 | $3.5B | $542.0M | ||
| Q2 24 | $3.5B | $282.0M | ||
| Q1 24 | $2.4B | $276.0M |
总债务FGPPL
| Q4 25 | $2.2B | $18.9B | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $16.5B | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.7B | — |
股东权益FGPPL
| Q4 25 | $4.8B | $14.9B | ||
| Q3 25 | $4.8B | $14.4B | ||
| Q2 25 | $4.4B | $14.3B | ||
| Q1 25 | $4.4B | $14.3B | ||
| Q4 24 | $4.0B | $14.1B | ||
| Q3 24 | $4.3B | $14.1B | ||
| Q2 24 | $3.7B | $14.1B | ||
| Q1 24 | $3.5B | $14.1B |
总资产FGPPL
| Q4 25 | $98.4B | $45.2B | ||
| Q3 25 | $96.1B | $43.9B | ||
| Q2 25 | $91.8B | $42.4B | ||
| Q1 25 | $88.0B | $41.8B | ||
| Q4 24 | $85.0B | $41.1B | ||
| Q3 24 | $84.1B | $40.5B | ||
| Q2 24 | $78.5B | $39.8B | ||
| Q1 24 | $74.4B | $39.6B |
负债/权益比FGPPL
| Q4 25 | 0.47× | 1.27× | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.55× | 1.17× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.49× | — |
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 | $1.2B | $548.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-614.0M |
| 自由现金流率自由现金流/营收 | — | -26.1% |
| 资本支出强度资本支出/营收 | — | 49.5% |
| 现金转化率经营现金流/净利润 | 9.13× | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $-1.4B |
8季度趋势，按日历期对齐
经营现金流FGPPL
| Q4 25 | $1.2B | $548.0M | ||
| Q3 25 | $937.0M | $966.0M | ||
| Q2 25 | $1.6B | $602.0M | ||
| Q1 25 | $956.0M | $513.0M | ||
| Q4 24 | $1.3B | $511.0M | ||
| Q3 24 | $2.1B | $781.0M | ||
| Q2 24 | $1.1B | $766.0M | ||
| Q1 24 | $1.5B | $282.0M |
自由现金流FGPPL
| Q4 25 | — | $-614.0M | ||
| Q3 25 | — | $-179.0M | ||
| Q2 25 | — | $-328.0M | ||
| Q1 25 | — | $-280.0M | ||
| Q4 24 | — | $-349.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $96.0M | ||
| Q1 24 | — | $-314.0M |
自由现金流率FGPPL
| Q4 25 | — | -26.1% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | — | -11.0% | ||
| Q4 24 | — | -15.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | -13.6% |
资本支出强度FGPPL
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 51.2% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 35.8% | ||
| Q1 24 | — | 25.9% |
现金转化率FGPPL
| Q4 25 | 9.13× | 2.06× | ||
| Q3 25 | 7.94× | 3.04× | ||
| Q2 25 | 40.50× | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | 4.04× | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | 5.20× | 4.03× | ||
| Q1 24 | 13.34× | 0.92× |
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
FG
暂无分部数据
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
