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英格索兰（IR）与NiSource（NI）财务数据对比。点击上方公司名可切换其他公司
英格索兰的季度营收约是NiSource的1.1倍（$2.1B vs $1.9B），NiSource净利率更高（13.7% vs 12.7%，领先0.9%），NiSource同比增速更快（22.5% vs 10.1%），英格索兰自由现金流更多（$461.5M vs $-133.7M），过去两年英格索兰的营收复合增速更高（11.9% vs 7.2%）
英格索兰是一家美国跨国企业，主营流体生产及工业产品业务。公司于2020年2月由原英格索兰plc的工业业务板块分拆后与加德纳丹佛合并组建，旗下拥有40多个品牌，产品覆盖全球所有主要市场。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
IR vs NI — 直观对比
营收规模更大
IR
是对方的1.1倍
$1.9B
营收增速更快
NI
高出12.4%
10.1%
净利率更高
NI
高出0.9%
12.7%
自由现金流更多
IR
多$595.2M
$-133.7M
两年增速更快
IR
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $266.1M | $257.8M |
| 毛利率 | 42.6% | — |
| 营业利润率 | 18.7% | 27.3% |
| 净利率 | 12.7% | 13.7% |
| 营收同比 | 10.1% | 22.5% |
| 净利润同比 | 15.8% | 15.1% |
| 每股收益（稀释后） | $0.67 | $0.53 |
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IRNI
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.7B | $1.6B |
净利润IRNI
| Q4 25 | $266.1M | $257.8M | ||
| Q3 25 | $244.1M | $94.7M | ||
| Q2 25 | $-115.3M | $102.2M | ||
| Q1 25 | $186.5M | $474.8M | ||
| Q4 24 | $229.8M | $223.9M | ||
| Q3 24 | $221.6M | $85.7M | ||
| Q2 24 | $185.0M | $85.8M | ||
| Q1 24 | $202.2M | $365.0M |
毛利率IRNI
| Q4 25 | 42.6% | — | ||
| Q3 25 | 43.7% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.6% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 43.8% | — | ||
| Q2 24 | 43.9% | — | ||
| Q1 24 | 44.7% | — |
营业利润率IRNI
| Q4 25 | 18.7% | 27.3% | ||
| Q3 25 | 19.2% | 24.0% | ||
| Q2 25 | 4.0% | 21.1% | ||
| Q1 25 | 17.6% | 35.3% | ||
| Q4 24 | 20.0% | 27.1% | ||
| Q3 24 | 19.1% | 20.9% | ||
| Q2 24 | 15.1% | 22.5% | ||
| Q1 24 | 17.6% | 35.5% |
净利率IRNI
| Q4 25 | 12.7% | 13.7% | ||
| Q3 25 | 12.5% | 7.6% | ||
| Q2 25 | -6.1% | 8.2% | ||
| Q1 25 | 10.9% | 22.1% | ||
| Q4 24 | 12.1% | 14.5% | ||
| Q3 24 | 11.9% | 8.2% | ||
| Q2 24 | 10.2% | 8.1% | ||
| Q1 24 | 12.1% | 22.2% |
每股收益（稀释后）IRNI
| Q4 25 | $0.67 | $0.53 | ||
| Q3 25 | $0.61 | $0.20 | ||
| Q2 25 | $-0.29 | $0.22 | ||
| Q1 25 | $0.46 | $1.00 | ||
| Q4 24 | $0.57 | $0.47 | ||
| Q3 24 | $0.54 | $0.19 | ||
| Q2 24 | $0.45 | $0.19 | ||
| Q1 24 | $0.50 | $0.77 |
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 | $1.2B | $110.1M |
| 总债务越低越好 | $4.8B | $15.5B |
| 股东权益账面价值 | $10.1B | $9.5B |
| 总资产 | $18.3B | $35.9B |
| 负债/权益比越低杠杆越低 | 0.47× | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资IRNI
| Q4 25 | $1.2B | $110.1M | ||
| Q3 25 | $1.2B | $95.0M | ||
| Q2 25 | $1.3B | $335.4M | ||
| Q1 25 | $1.6B | $259.4M | ||
| Q4 24 | $1.5B | $156.6M | ||
| Q3 24 | $1.4B | $126.2M | ||
| Q2 24 | $1.1B | $101.2M | ||
| Q1 24 | $1.5B | $102.2M |
总债务IRNI
| Q4 25 | $4.8B | $15.5B | ||
| Q3 25 | $4.8B | $14.5B | ||
| Q2 25 | $4.8B | $14.5B | ||
| Q1 25 | $4.8B | $12.8B | ||
| Q4 24 | $4.8B | $12.1B | ||
| Q3 24 | $4.8B | $12.1B | ||
| Q2 24 | $4.8B | $12.8B | ||
| Q1 24 | $2.7B | $11.7B |
股东权益IRNI
| Q4 25 | $10.1B | $9.5B | ||
| Q3 25 | $10.1B | $9.1B | ||
| Q2 25 | $10.1B | $8.9B | ||
| Q1 25 | $10.5B | $8.9B | ||
| Q4 24 | $10.2B | $8.7B | ||
| Q3 24 | $10.3B | $8.3B | ||
| Q2 24 | $10.0B | $7.9B | ||
| Q1 24 | $9.9B | $7.9B |
总资产IRNI
| Q4 25 | $18.3B | $35.9B | ||
| Q3 25 | $18.2B | $34.4B | ||
| Q2 25 | $18.1B | $34.0B | ||
| Q1 25 | $18.4B | $33.1B | ||
| Q4 24 | $18.0B | $31.8B | ||
| Q3 24 | $18.2B | $30.8B | ||
| Q2 24 | $17.8B | $29.9B | ||
| Q1 24 | $15.5B | $29.3B |
负债/权益比IRNI
| Q4 25 | 0.47× | 1.64× | ||
| Q3 25 | 0.47× | 1.59× | ||
| Q2 25 | 0.47× | 1.63× | ||
| Q1 25 | 0.45× | 1.44× | ||
| Q4 24 | 0.47× | 1.39× | ||
| Q3 24 | 0.47× | 1.45× | ||
| Q2 24 | 0.48× | 1.63× | ||
| Q1 24 | 0.27× | 1.48× |
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 | $499.0M | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $461.5M | $-133.7M |
| 自由现金流率自由现金流/营收 | 22.1% | -7.1% |
| 资本支出强度资本支出/营收 | 1.8% | 44.9% |
| 现金转化率经营现金流/净利润 | 1.88× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-420.0M |
8季度趋势，按日历期对齐
经营现金流IRNI
| Q4 25 | $499.0M | $712.6M | ||
| Q3 25 | $354.6M | $467.9M | ||
| Q2 25 | $245.7M | $495.4M | ||
| Q1 25 | $256.4M | $686.4M | ||
| Q4 24 | $526.2M | $539.8M | ||
| Q3 24 | $404.0M | $340.0M | ||
| Q2 24 | $304.9M | $445.5M | ||
| Q1 24 | $161.6M | $456.2M |
自由现金流IRNI
| Q4 25 | $461.5M | $-133.7M | ||
| Q3 25 | $325.5M | $-172.6M | ||
| Q2 25 | $210.4M | $-162.8M | ||
| Q1 25 | $222.7M | $49.1M | ||
| Q4 24 | $490.9M | $-220.2M | ||
| Q3 24 | $374.3M | $-294.7M | ||
| Q2 24 | $283.1M | $-184.3M | ||
| Q1 24 | $99.3M | $-133.3M |
自由现金流率IRNI
| Q4 25 | 22.1% | -7.1% | ||
| Q3 25 | 16.6% | -13.9% | ||
| Q2 25 | 11.1% | -13.1% | ||
| Q1 25 | 13.0% | 2.3% | ||
| Q4 24 | 25.9% | -14.3% | ||
| Q3 24 | 20.1% | -28.2% | ||
| Q2 24 | 15.7% | -17.5% | ||
| Q1 24 | 5.9% | -8.1% |
资本支出强度IRNI
| Q4 25 | 1.8% | 44.9% | ||
| Q3 25 | 1.5% | 51.6% | ||
| Q2 25 | 1.9% | 52.8% | ||
| Q1 25 | 2.0% | 29.6% | ||
| Q4 24 | 1.9% | 49.4% | ||
| Q3 24 | 1.6% | 60.7% | ||
| Q2 24 | 1.2% | 59.7% | ||
| Q1 24 | 3.7% | 35.9% |
现金转化率IRNI
| Q4 25 | 1.88× | 2.76× | ||
| Q3 25 | 1.45× | 4.94× | ||
| Q2 25 | — | 4.85× | ||
| Q1 25 | 1.37× | 1.45× | ||
| Q4 24 | 2.29× | 2.41× | ||
| Q3 24 | 1.82× | 3.97× | ||
| Q2 24 | 1.65× | 5.19× | ||
| Q1 24 | 0.80× | 1.25× |
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
IR
| Transferred At Point In Time | $1.5B | 71% |
| Transferred Over Time | $193.0M | 9% |
| Precision And Science Technologies Segment | $183.1M | 9% |
| Acquisitions In2024 | $175.6M | 8% |
| Acquisitions In2025 | $70.8M | 3% |
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
