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康宁（GLW）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
康宁的季度营收约是PPL Corporation的1.8倍（$4.2B vs $2.3B），康宁净利率更高（12.8% vs 11.3%，领先1.5%），康宁同比增速更快（20.4% vs 7.2%），康宁自由现金流更多（$620.0M vs $-614.0M），过去两年康宁的营收复合增速更高（19.0% vs 1.0%）
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
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。
GLW vs PPL — 直观对比
营收规模更大
GLW
是对方的1.8倍
$2.3B
营收增速更快
GLW
高出13.2%
7.2%
净利率更高
GLW
高出1.5%
11.3%
自由现金流更多
GLW
多$1.2B
$-614.0M
两年增速更快
GLW
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.3B |
| 净利润 | $540.0M | $266.0M |
| 毛利率 | 35.5% | — |
| 营业利润率 | 15.9% | 20.3% |
| 净利率 | 12.8% | 11.3% |
| 营收同比 | 20.4% | 7.2% |
| 净利润同比 | 74.2% | 50.3% |
| 每股收益（稀释后） | $0.61 | $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GLWPPL
| Q4 25 | $4.2B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $3.9B | $2.0B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $3.4B | $2.1B | ||
| Q2 24 | $3.3B | $1.9B | ||
| Q1 24 | $3.0B | $2.3B |
净利润GLWPPL
| Q4 25 | $540.0M | $266.0M | ||
| Q3 25 | $430.0M | $318.0M | ||
| Q2 25 | $469.0M | $183.0M | ||
| Q1 25 | $157.0M | $414.0M | ||
| Q4 24 | $310.0M | $177.0M | ||
| Q3 24 | $-117.0M | $214.0M | ||
| Q2 24 | $104.0M | $190.0M | ||
| Q1 24 | $209.0M | $307.0M |
毛利率GLWPPL
| Q4 25 | 35.5% | — | ||
| Q3 25 | 37.1% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 29.2% | — | ||
| Q1 24 | 33.4% | — |
营业利润率GLWPPL
| Q4 25 | 15.9% | 20.3% | ||
| Q3 25 | 14.4% | 25.4% | ||
| Q2 25 | 14.8% | 19.9% | ||
| Q1 25 | 12.9% | 26.6% | ||
| Q4 24 | 11.2% | 17.2% | ||
| Q3 24 | 8.9% | 20.6% | ||
| Q2 24 | 5.7% | 20.8% | ||
| Q1 24 | 8.5% | 23.7% |
净利率GLWPPL
| Q4 25 | 12.8% | 11.3% | ||
| Q3 25 | 10.5% | 14.2% | ||
| Q2 25 | 12.1% | 9.0% | ||
| Q1 25 | 4.5% | 16.3% | ||
| Q4 24 | 8.9% | 8.1% | ||
| Q3 24 | -3.5% | 10.3% | ||
| Q2 24 | 3.2% | 10.1% | ||
| Q1 24 | 7.0% | 13.3% |
每股收益（稀释后）GLWPPL
| Q4 25 | $0.61 | $0.35 | ||
| Q3 25 | $0.50 | $0.43 | ||
| Q2 25 | $0.54 | $0.25 | ||
| Q1 25 | $0.18 | $0.56 | ||
| Q4 24 | $0.36 | $0.23 | ||
| Q3 24 | $-0.14 | $0.29 | ||
| Q2 24 | $0.12 | $0.26 | ||
| Q1 24 | $0.24 | $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 | $7.6B | $18.9B |
| 股东权益账面价值 | $11.8B | $14.9B |
| 总资产 | $31.0B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.65× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资GLWPPL
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $294.0M | ||
| Q1 25 | — | $312.0M | ||
| Q4 24 | $1.8B | $306.0M | ||
| Q3 24 | — | $542.0M | ||
| Q2 24 | — | $282.0M | ||
| Q1 24 | — | $276.0M |
总债务GLWPPL
| Q4 25 | $7.6B | $18.9B | ||
| Q3 25 | $7.4B | — | ||
| Q2 25 | $6.7B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | $16.5B | ||
| Q3 24 | $7.1B | — | ||
| Q2 24 | $6.9B | — | ||
| Q1 24 | $7.0B | — |
股东权益GLWPPL
| Q4 25 | $11.8B | $14.9B | ||
| Q3 25 | $11.5B | $14.4B | ||
| Q2 25 | $11.1B | $14.3B | ||
| Q1 25 | $10.7B | $14.3B | ||
| Q4 24 | $10.7B | $14.1B | ||
| Q3 24 | $11.1B | $14.1B | ||
| Q2 24 | $10.6B | $14.1B | ||
| Q1 24 | $11.2B | $14.1B |
总资产GLWPPL
| Q4 25 | $31.0B | $45.2B | ||
| Q3 25 | $29.9B | $43.9B | ||
| Q2 25 | $28.7B | $42.4B | ||
| Q1 25 | $27.4B | $41.8B | ||
| Q4 24 | $27.7B | $41.1B | ||
| Q3 24 | $28.3B | $40.5B | ||
| Q2 24 | $27.2B | $39.8B | ||
| Q1 24 | $27.6B | $39.6B |
负债/权益比GLWPPL
| Q4 25 | 0.65× | 1.27× | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.64× | 1.17× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.65× | — | ||
| Q1 24 | 0.63× | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $620.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 14.7% | -26.1% |
| 资本支出强度资本支出/营收 | 10.2% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.95× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流GLWPPL
| Q4 25 | $1.1B | $548.0M | ||
| Q3 25 | $784.0M | $966.0M | ||
| Q2 25 | $708.0M | $602.0M | ||
| Q1 25 | $151.0M | $513.0M | ||
| Q4 24 | $623.0M | $511.0M | ||
| Q3 24 | $699.0M | $781.0M | ||
| Q2 24 | $521.0M | $766.0M | ||
| Q1 24 | $96.0M | $282.0M |
自由现金流GLWPPL
| Q4 25 | $620.0M | $-614.0M | ||
| Q3 25 | $450.0M | $-179.0M | ||
| Q2 25 | $400.0M | $-328.0M | ||
| Q1 25 | $-57.0M | $-280.0M | ||
| Q4 24 | $369.0M | $-349.0M | ||
| Q3 24 | $482.0M | $102.0M | ||
| Q2 24 | $279.0M | $96.0M | ||
| Q1 24 | $-156.0M | $-314.0M |
自由现金流率GLWPPL
| Q4 25 | 14.7% | -26.1% | ||
| Q3 25 | 11.0% | -8.0% | ||
| Q2 25 | 10.4% | -16.1% | ||
| Q1 25 | -1.7% | -11.0% | ||
| Q4 24 | 10.5% | -15.9% | ||
| Q3 24 | 14.2% | 4.9% | ||
| Q2 24 | 8.6% | 5.1% | ||
| Q1 24 | -5.2% | -13.6% |
资本支出强度GLWPPL
| Q4 25 | 10.2% | 49.5% | ||
| Q3 25 | 8.1% | 51.2% | ||
| Q2 25 | 8.0% | 45.6% | ||
| Q1 25 | 6.0% | 31.2% | ||
| Q4 24 | 7.3% | 39.3% | ||
| Q3 24 | 6.4% | 32.7% | ||
| Q2 24 | 7.4% | 35.8% | ||
| Q1 24 | 8.5% | 25.9% |
现金转化率GLWPPL
| Q4 25 | 1.95× | 2.06× | ||
| Q3 25 | 1.82× | 3.04× | ||
| Q2 25 | 1.51× | 3.29× | ||
| Q1 25 | 0.96× | 1.24× | ||
| Q4 24 | 2.01× | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | 5.01× | 4.03× | ||
| Q1 24 | 0.46× | 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
GLW
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% |
