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KeyCorp（KEY）与NiSource（NI）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是NiSource的1.1倍（$2.0B vs $1.9B），KeyCorp净利率更高（25.4% vs 13.7%，领先11.8%），KeyCorp同比增速更快（131.8% vs 22.5%），KeyCorp自由现金流更多（$2.1B vs $-133.7M），过去两年KeyCorp的营收复合增速更高（14.4% vs 7.2%）
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
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。
KEY vs NI — 直观对比
营收规模更大
KEY
是对方的1.1倍
$1.9B
营收增速更快
KEY
高出109.3%
22.5%
净利率更高
KEY
高出11.8%
13.7%
自由现金流更多
KEY
多$2.2B
$-133.7M
两年增速更快
KEY
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.9B |
| 净利润 | $510.0M | $257.8M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | 27.3% |
| 净利率 | 25.4% | 13.7% |
| 营收同比 | 131.8% | 22.5% |
| 净利润同比 | 309.0% | 15.1% |
| 每股收益（稀释后） | $0.43 | $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KEYNI
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $865.0M | $1.5B | ||
| Q3 24 | $695.0M | $1.0B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.6B |
净利润KEYNI
| Q4 25 | $510.0M | $257.8M | ||
| Q3 25 | $489.0M | $94.7M | ||
| Q2 25 | $425.0M | $102.2M | ||
| Q1 25 | $405.0M | $474.8M | ||
| Q4 24 | $-244.0M | $223.9M | ||
| Q3 24 | $-410.0M | $85.7M | ||
| Q2 24 | $274.0M | $85.8M | ||
| Q1 24 | $219.0M | $365.0M |
营业利润率KEYNI
| Q4 25 | 32.3% | 27.3% | ||
| Q3 25 | 31.8% | 24.0% | ||
| Q2 25 | 29.3% | 21.1% | ||
| Q1 25 | 29.0% | 35.3% | ||
| Q4 24 | -92.6% | 27.1% | ||
| Q3 24 | -72.8% | 20.9% | ||
| Q2 24 | 22.0% | 22.5% | ||
| Q1 24 | 18.1% | 35.5% |
净利率KEYNI
| Q4 25 | 25.4% | 13.7% | ||
| Q3 25 | 25.8% | 7.6% | ||
| Q2 25 | 23.1% | 8.2% | ||
| Q1 25 | 22.8% | 22.1% | ||
| Q4 24 | -54.7% | 14.5% | ||
| Q3 24 | -59.0% | 8.2% | ||
| Q2 24 | 18.0% | 8.1% | ||
| Q1 24 | 14.3% | 22.2% |
每股收益（稀释后）KEYNI
| Q4 25 | $0.43 | $0.53 | ||
| Q3 25 | $0.41 | $0.20 | ||
| Q2 25 | $0.35 | $0.22 | ||
| Q1 25 | $0.33 | $1.00 | ||
| Q4 24 | $-0.30 | $0.47 | ||
| Q3 24 | $-0.47 | $0.19 | ||
| Q2 24 | $0.25 | $0.19 | ||
| Q1 24 | $0.20 | $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 | $10.2B | $110.1M |
| 总债务越低越好 | $9.9B | $15.5B |
| 股东权益账面价值 | $20.4B | $9.5B |
| 总资产 | $184.4B | $35.9B |
| 负债/权益比越低杠杆越低 | 0.49× | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资KEYNI
| Q4 25 | $10.2B | $110.1M | ||
| Q3 25 | $13.3B | $95.0M | ||
| Q2 25 | $11.6B | $335.4M | ||
| Q1 25 | $15.3B | $259.4M | ||
| Q4 24 | $17.5B | $156.6M | ||
| Q3 24 | $22.8B | $126.2M | ||
| Q2 24 | $15.5B | $101.2M | ||
| Q1 24 | $13.2B | $102.2M |
总债务KEYNI
| Q4 25 | $9.9B | $15.5B | ||
| Q3 25 | $10.9B | $14.5B | ||
| Q2 25 | $12.1B | $14.5B | ||
| Q1 25 | $12.4B | $12.8B | ||
| Q4 24 | $12.1B | $12.1B | ||
| Q3 24 | $15.7B | $12.1B | ||
| Q2 24 | $16.9B | $12.8B | ||
| Q1 24 | $20.8B | $11.7B |
股东权益KEYNI
| Q4 25 | $20.4B | $9.5B | ||
| Q3 25 | $20.1B | $9.1B | ||
| Q2 25 | $19.5B | $8.9B | ||
| Q1 25 | $19.0B | $8.9B | ||
| Q4 24 | $18.2B | $8.7B | ||
| Q3 24 | $16.9B | $8.3B | ||
| Q2 24 | $14.8B | $7.9B | ||
| Q1 24 | $14.5B | $7.9B |
总资产KEYNI
| Q4 25 | $184.4B | $35.9B | ||
| Q3 25 | $187.4B | $34.4B | ||
| Q2 25 | $185.5B | $34.0B | ||
| Q1 25 | $188.7B | $33.1B | ||
| Q4 24 | $187.2B | $31.8B | ||
| Q3 24 | $189.8B | $30.8B | ||
| Q2 24 | $187.4B | $29.9B | ||
| Q1 24 | $187.5B | $29.3B |
负债/权益比KEYNI
| Q4 25 | 0.49× | 1.64× | ||
| Q3 25 | 0.54× | 1.59× | ||
| Q2 25 | 0.62× | 1.63× | ||
| Q1 25 | 0.65× | 1.44× | ||
| Q4 24 | 0.67× | 1.39× | ||
| Q3 24 | 0.93× | 1.45× | ||
| Q2 24 | 1.14× | 1.63× | ||
| Q1 24 | 1.43× | 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 | $2.2B | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $-133.7M |
| 自由现金流率自由现金流/营收 | 104.8% | -7.1% |
| 资本支出强度资本支出/营收 | 5.3% | 44.9% |
| 现金转化率经营现金流/净利润 | 4.33× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $3.5B | $-420.0M |
8季度趋势，按日历期对齐
经营现金流KEYNI
| Q4 25 | $2.2B | $712.6M | ||
| Q3 25 | $396.0M | $467.9M | ||
| Q2 25 | $1.2B | $495.4M | ||
| Q1 25 | $-140.0M | $686.4M | ||
| Q4 24 | $664.0M | $539.8M | ||
| Q3 24 | $-1.2B | $340.0M | ||
| Q2 24 | $-217.0M | $445.5M | ||
| Q1 24 | $359.0M | $456.2M |
自由现金流KEYNI
| Q4 25 | $2.1B | $-133.7M | ||
| Q3 25 | $367.0M | $-172.6M | ||
| Q2 25 | $1.2B | $-162.8M | ||
| Q1 25 | $-150.0M | $49.1M | ||
| Q4 24 | $599.0M | $-220.2M | ||
| Q3 24 | $-1.2B | $-294.7M | ||
| Q2 24 | $-230.0M | $-184.3M | ||
| Q1 24 | $347.0M | $-133.3M |
自由现金流率KEYNI
| Q4 25 | 104.8% | -7.1% | ||
| Q3 25 | 19.4% | -13.9% | ||
| Q2 25 | 65.8% | -13.1% | ||
| Q1 25 | -8.5% | 2.3% | ||
| Q4 24 | 69.2% | -14.3% | ||
| Q3 24 | -175.8% | -28.2% | ||
| Q2 24 | -15.1% | -17.5% | ||
| Q1 24 | 22.6% | -8.1% |
资本支出强度KEYNI
| Q4 25 | 5.3% | 44.9% | ||
| Q3 25 | 1.5% | 51.6% | ||
| Q2 25 | 1.3% | 52.8% | ||
| Q1 25 | 0.6% | 29.6% | ||
| Q4 24 | 7.5% | 49.4% | ||
| Q3 24 | 2.4% | 60.7% | ||
| Q2 24 | 0.9% | 59.7% | ||
| Q1 24 | 0.8% | 35.9% |
现金转化率KEYNI
| Q4 25 | 4.33× | 2.76× | ||
| Q3 25 | 0.81× | 4.94× | ||
| Q2 25 | 2.90× | 4.85× | ||
| Q1 25 | -0.35× | 1.45× | ||
| Q4 24 | — | 2.41× | ||
| Q3 24 | — | 3.97× | ||
| Q2 24 | -0.79× | 5.19× | ||
| Q1 24 | 1.64× | 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
KEY
暂无分部数据
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% |
