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费森尤斯医疗（FMS）与PG&E Corporation（PCG）财务数据对比。点击上方公司名可切换其他公司
PG&E Corporation的季度营收约是费森尤斯医疗的1.3倍（$6.9B vs $5.5B），PG&E Corporation净利率更高（12.9% vs 7.9%，领先4.9%），PG&E Corporation同比增速更快（15.0% vs -0.3%）
费森尤斯医疗是德国知名医疗保健企业，核心业务为肾脏透析服务，在全球运营4171家门诊透析中心，服务约34.54万名患者。公司主要为终末期肾病患者提供治疗服务，该类患者需终身每周接受3次透析治疗以维持生命。
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
FMS vs PCG — 直观对比
营收规模更大
PCG
是对方的1.3倍
$5.5B
营收增速更快
PCG
高出15.3%
-0.3%
净利率更高
PCG
高出4.9%
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.5B | $6.9B |
| 净利润 | $434.2M | $885.0M |
| 毛利率 | 27.4% | — |
| 营业利润率 | 11.7% | 21.4% |
| 净利率 | 7.9% | 12.9% |
| 营收同比 | -0.3% | 15.0% |
| 净利润同比 | 240.4% | 39.6% |
| 每股收益（稀释后） | — | $0.39 |
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FMSPCG
| Q1 26 | — | $6.9B | ||
| Q4 25 | $5.5B | $6.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $5.5B | $6.6B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.0B |
净利润FMSPCG
| Q1 26 | — | $885.0M | ||
| Q4 25 | $434.2M | $670.0M | ||
| Q3 25 | — | $850.0M | ||
| Q2 25 | — | $549.0M | ||
| Q1 25 | — | $634.0M | ||
| Q4 24 | $127.6M | $674.0M | ||
| Q3 24 | — | $579.0M | ||
| Q2 24 | — | $524.0M |
毛利率FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率FMSPCG
| Q1 26 | — | 21.4% | ||
| Q4 25 | 11.7% | 18.0% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 18.6% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | 5.1% | 15.4% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 18.9% |
净利率FMSPCG
| Q1 26 | — | 12.9% | ||
| Q4 25 | 7.9% | 9.8% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | 2.3% | 10.2% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 8.8% |
每股收益（稀释后）FMSPCG
| Q1 26 | — | $0.39 | ||
| Q4 25 | — | $0.29 | ||
| Q3 25 | — | $0.37 | ||
| Q2 25 | — | $0.24 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.24 |
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 | $1.7B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | — |
| 总资产 | $33.5B | — |
| 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FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $713.0M | ||
| Q3 25 | — | $404.0M | ||
| Q2 25 | — | $494.0M | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.3B | $940.0M | ||
| Q3 24 | — | $895.0M | ||
| Q2 24 | — | $1.3B |
总债务FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | — | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | $15.4B | $32.5B | ||
| Q3 25 | — | $32.0B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $30.7B | ||
| Q4 24 | $17.0B | $30.1B | ||
| Q3 24 | — | $26.8B | ||
| Q2 24 | — | $26.3B |
总资产FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | $33.5B | $141.6B | ||
| Q3 25 | — | $138.2B | ||
| Q2 25 | — | $136.4B | ||
| Q1 25 | — | $135.4B | ||
| Q4 24 | $36.3B | $133.7B | ||
| Q3 24 | — | $132.3B | ||
| Q2 24 | — | $130.8B |
负债/权益比FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $2.9B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 6.67× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $711.0M |
自由现金流FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $-80.0M | ||
| Q2 25 | — | $-2.0B | ||
| Q1 25 | — | $213.0M | ||
| Q4 24 | — | $-896.0M | ||
| Q3 24 | — | $526.0M | ||
| Q2 24 | — | $-1.6B |
自由现金流率FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | — | -17.6% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | -34.0% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | -13.5% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -26.5% |
资本支出强度FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | — | 46.4% | ||
| Q3 25 | — | 46.9% | ||
| Q2 25 | — | 52.0% | ||
| Q1 25 | — | 44.0% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 38.4% |
现金转化率FMSPCG
| Q1 26 | — | — | ||
| Q4 25 | 6.67× | 2.93× | ||
| Q3 25 | — | 3.35× | ||
| Q2 25 | — | 1.93× | ||
| Q1 25 | — | 4.49× | ||
| Q4 24 | 20.20× | 2.87× | ||
| Q3 24 | — | 5.41× | ||
| Q2 24 | — | 1.36× |
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
FMS
暂无分部数据
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
