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进步能源（FLNC）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
必能宝的季度营收约是进步能源的1.0倍（$477.6M vs $475.2M），必能宝净利率更高（5.7% vs -9.5%，领先15.2%），进步能源同比增速更快（154.4% vs -7.5%），必能宝自由现金流更多（$201.4M vs $-232.6M），过去两年必能宝的营收复合增速更高（-4.3% vs -12.7%）
进步能源是一家电力生产与分销企业，并入杜克能源前为财富500强能源企业，总发电容量超21000兆瓦，年营收达90亿美元。公司总部位于北卡罗来纳州罗利，旗下拥有两家大型电力公用事业公司，为卡罗来纳州及佛罗里达州约310万用户提供服务。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
FLNC vs PBI — 直观对比
营收规模更大
PBI
是对方的1.0倍
$475.2M
营收增速更快
FLNC
高出161.9%
-7.5%
净利率更高
PBI
高出15.2%
-9.5%
自由现金流更多
PBI
多$434.1M
$-232.6M
两年增速更快
PBI
近两年复合增速
-12.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.2M | $477.6M |
| 净利润 | $-45.1M | $27.3M |
| 毛利率 | 4.9% | — |
| 营业利润率 | -14.8% | 8.0% |
| 净利率 | -9.5% | 5.7% |
| 营收同比 | 154.4% | -7.5% |
| 净利润同比 | -8.7% | 173.1% |
| 每股收益（稀释后） | $-0.34 | $0.18 |
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FLNCPBI
| Q4 25 | $475.2M | $477.6M | ||
| Q3 25 | $1.0B | $459.7M | ||
| Q2 25 | $602.5M | $461.9M | ||
| Q1 25 | $431.6M | $493.4M | ||
| Q4 24 | $186.8M | $516.1M | ||
| Q3 24 | $1.2B | $499.5M | ||
| Q2 24 | $483.3M | $489.7M | ||
| Q1 24 | $623.1M | $521.3M |
净利润FLNCPBI
| Q4 25 | $-45.1M | $27.3M | ||
| Q3 25 | $17.9M | $52.0M | ||
| Q2 25 | $6.3M | $30.0M | ||
| Q1 25 | $-31.0M | $35.4M | ||
| Q4 24 | $-41.5M | $-37.4M | ||
| Q3 24 | $47.8M | $-138.5M | ||
| Q2 24 | $785.0K | $-24.9M | ||
| Q1 24 | $-9.2M | $-2.9M |
毛利率FLNCPBI
| Q4 25 | 4.9% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 11.4% | 53.8% | ||
| Q3 24 | 12.8% | 52.4% | ||
| Q2 24 | 17.2% | 51.1% | ||
| Q1 24 | 10.3% | 52.3% |
营业利润率FLNCPBI
| Q4 25 | -14.8% | 8.0% | ||
| Q3 25 | 4.4% | 14.8% | ||
| Q2 25 | 1.9% | 8.5% | ||
| Q1 25 | -10.2% | 9.5% | ||
| Q4 24 | -31.4% | -9.3% | ||
| Q3 24 | 6.2% | -8.8% | ||
| Q2 24 | 1.1% | -1.6% | ||
| Q1 24 | -2.3% | 9.1% |
净利率FLNCPBI
| Q4 25 | -9.5% | 5.7% | ||
| Q3 25 | 1.7% | 11.3% | ||
| Q2 25 | 1.0% | 6.5% | ||
| Q1 25 | -7.2% | 7.2% | ||
| Q4 24 | -22.2% | -7.2% | ||
| Q3 24 | 3.9% | -27.7% | ||
| Q2 24 | 0.2% | -5.1% | ||
| Q1 24 | -1.5% | -0.6% |
每股收益（稀释后）FLNCPBI
| Q4 25 | $-0.34 | $0.18 | ||
| Q3 25 | $0.18 | $0.30 | ||
| Q2 25 | $0.01 | $0.17 | ||
| Q1 25 | $-0.24 | $0.19 | ||
| Q4 24 | $-0.32 | $-0.21 | ||
| Q3 24 | $0.34 | $-0.75 | ||
| Q2 24 | $0.00 | $-0.14 | ||
| Q1 24 | $-0.07 | $-0.02 |
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 | $452.6M | $297.1M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $388.0M | $-802.4M |
| 总资产 | $2.3B | $3.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FLNCPBI
| Q4 25 | $452.6M | $297.1M | ||
| Q3 25 | $690.8M | $336.0M | ||
| Q2 25 | $436.3M | $300.8M | ||
| Q1 25 | $568.6M | $340.0M | ||
| Q4 24 | $607.4M | $486.1M | ||
| Q3 24 | $448.7M | $575.5M | ||
| Q2 24 | $388.2M | $612.0M | ||
| Q1 24 | $411.8M | $538.0M |
总债务FLNCPBI
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益FLNCPBI
| Q4 25 | $388.0M | $-802.4M | ||
| Q3 25 | $429.6M | $-661.5M | ||
| Q2 25 | $407.4M | $-536.8M | ||
| Q1 25 | $388.2M | $-535.9M | ||
| Q4 24 | $409.4M | $-578.4M | ||
| Q3 24 | $472.1M | $-518.9M | ||
| Q2 24 | $421.2M | $-427.9M | ||
| Q1 24 | $413.1M | $-392.4M |
总资产FLNCPBI
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $2.4B | $3.3B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.3B | $3.3B | ||
| Q4 24 | $2.2B | $3.4B | ||
| Q3 24 | $1.9B | $3.6B | ||
| Q2 24 | $1.7B | $4.1B | ||
| Q1 24 | $1.5B | $4.1B |
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 | $-226.8M | $221.7M |
| 自由现金流经营现金流 - 资本支出 | $-232.6M | $201.4M |
| 自由现金流率自由现金流/营收 | -48.9% | 42.2% |
| 资本支出强度资本支出/营收 | 1.2% | 4.2% |
| 现金转化率经营现金流/净利润 | — | 8.11× |
| 过去12个月自由现金流最近4个季度 | $-179.7M | $317.0M |
8季度趋势，按日历期对齐
经营现金流FLNCPBI
| Q4 25 | $-226.8M | $221.7M | ||
| Q3 25 | $265.7M | $66.8M | ||
| Q2 25 | $-153.9M | $111.4M | ||
| Q1 25 | $-46.2M | $-16.7M | ||
| Q4 24 | $-211.2M | $134.5M | ||
| Q3 24 | $10.5M | $14.7M | ||
| Q2 24 | $-21.1M | $92.6M | ||
| Q1 24 | $70.9M | $-12.6M |
自由现金流FLNCPBI
| Q4 25 | $-232.6M | $201.4M | ||
| Q3 25 | $260.9M | $51.1M | ||
| Q2 25 | $-157.4M | $98.0M | ||
| Q1 25 | $-50.5M | $-33.6M | ||
| Q4 24 | $-213.3M | $112.3M | ||
| Q3 24 | $7.3M | $-4.7M | ||
| Q2 24 | $-23.5M | $76.1M | ||
| Q1 24 | $69.9M | $-26.9M |
自由现金流率FLNCPBI
| Q4 25 | -48.9% | 42.2% | ||
| Q3 25 | 25.0% | 11.1% | ||
| Q2 25 | -26.1% | 21.2% | ||
| Q1 25 | -11.7% | -6.8% | ||
| Q4 24 | -114.2% | 21.8% | ||
| Q3 24 | 0.6% | -0.9% | ||
| Q2 24 | -4.9% | 15.5% | ||
| Q1 24 | 11.2% | -5.2% |
资本支出强度FLNCPBI
| Q4 25 | 1.2% | 4.2% | ||
| Q3 25 | 0.5% | 3.4% | ||
| Q2 25 | 0.6% | 2.9% | ||
| Q1 25 | 1.0% | 3.4% | ||
| Q4 24 | 1.1% | 4.3% | ||
| Q3 24 | 0.3% | 3.9% | ||
| Q2 24 | 0.5% | 3.4% | ||
| Q1 24 | 0.2% | 2.7% |
现金转化率FLNCPBI
| Q4 25 | — | 8.11× | ||
| Q3 25 | 14.81× | 1.29× | ||
| Q2 25 | -24.61× | 3.72× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | -26.87× | — | ||
| Q1 24 | — | — |
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
FLNC
| Products | $450.9M | 95% |
| Services | $22.5M | 5% |
| Digital Applications And Solutions | $1.9M | 0% |
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
