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雷诺士国际（LII）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是雷诺士国际的2.0倍（$2.3B vs $1.2B），雷诺士国际净利率更高（13.6% vs 11.3%，领先2.2%），PPL Corporation同比增速更快（7.2% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $-614.0M），过去两年雷诺士国际的营收复合增速更高（6.8% vs 1.0%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs PPL — 直观对比
营收规模更大
PPL
是对方的2.0倍
$1.2B
营收增速更快
PPL
高出18.4%
-11.2%
净利率更高
LII
高出2.2%
11.3%
自由现金流更多
LII
多$990.7M
$-614.0M
两年增速更快
LII
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.3B |
| 净利润 | $162.1M | $266.0M |
| 毛利率 | 34.7% | — |
| 营业利润率 | 18.6% | 20.3% |
| 净利率 | 13.6% | 11.3% |
| 营收同比 | -11.2% | 7.2% |
| 净利润同比 | -18.0% | 50.3% |
| 每股收益（稀释后） | $4.62 | $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LIIPPL
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.0B | $2.3B |
净利润LIIPPL
| Q4 25 | $162.1M | $266.0M | ||
| Q3 25 | $245.8M | $318.0M | ||
| Q2 25 | $277.6M | $183.0M | ||
| Q1 25 | $120.3M | $414.0M | ||
| Q4 24 | $197.7M | $177.0M | ||
| Q3 24 | $239.0M | $214.0M | ||
| Q2 24 | $245.9M | $190.0M | ||
| Q1 24 | $124.3M | $307.0M |
毛利率LIIPPL
| Q4 25 | 34.7% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 32.6% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 32.5% | — |
营业利润率LIIPPL
| Q4 25 | 18.6% | 20.3% | ||
| Q3 25 | 21.7% | 25.4% | ||
| Q2 25 | 23.6% | 19.9% | ||
| Q1 25 | 14.5% | 26.6% | ||
| Q4 24 | 18.2% | 17.2% | ||
| Q3 24 | 20.2% | 20.6% | ||
| Q2 24 | 22.1% | 20.8% | ||
| Q1 24 | 15.9% | 23.7% |
净利率LIIPPL
| Q4 25 | 13.6% | 11.3% | ||
| Q3 25 | 17.2% | 14.2% | ||
| Q2 25 | 18.5% | 9.0% | ||
| Q1 25 | 11.2% | 16.3% | ||
| Q4 24 | 14.7% | 8.1% | ||
| Q3 24 | 16.0% | 10.3% | ||
| Q2 24 | 16.9% | 10.1% | ||
| Q1 24 | 11.9% | 13.3% |
每股收益（稀释后）LIIPPL
| Q4 25 | $4.62 | $0.35 | ||
| Q3 25 | $6.98 | $0.43 | ||
| Q2 25 | $7.82 | $0.25 | ||
| Q1 25 | $3.37 | $0.56 | ||
| Q4 24 | $5.52 | $0.23 | ||
| Q3 24 | $6.68 | $0.29 | ||
| Q2 24 | $6.87 | $0.26 | ||
| Q1 24 | $3.47 | $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 | $34.7M | $1.1B |
| 总债务越低越好 | $1.1B | $18.9B |
| 股东权益账面价值 | $1.2B | $14.9B |
| 总资产 | $4.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.98× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资LIIPPL
| Q4 25 | $34.7M | $1.1B | ||
| Q3 25 | $59.2M | $1.1B | ||
| Q2 25 | $55.1M | $294.0M | ||
| Q1 25 | $222.9M | $312.0M | ||
| Q4 24 | $422.3M | $306.0M | ||
| Q3 24 | $255.7M | $542.0M | ||
| Q2 24 | $57.8M | $282.0M | ||
| Q1 24 | $57.6M | $276.0M |
总债务LIIPPL
| Q4 25 | $1.1B | $18.9B | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $16.5B | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIIPPL
| Q4 25 | $1.2B | $14.9B | ||
| Q3 25 | $1.1B | $14.4B | ||
| Q2 25 | $900.5M | $14.3B | ||
| Q1 25 | $852.5M | $14.3B | ||
| Q4 24 | $850.2M | $14.1B | ||
| Q3 24 | $754.0M | $14.1B | ||
| Q2 24 | $577.4M | $14.1B | ||
| Q1 24 | $368.8M | $14.1B |
总资产LIIPPL
| Q4 25 | $4.1B | $45.2B | ||
| Q3 25 | $3.5B | $43.9B | ||
| Q2 25 | $3.7B | $42.4B | ||
| Q1 25 | $3.5B | $41.8B | ||
| Q4 24 | $3.5B | $41.1B | ||
| Q3 24 | $3.3B | $40.5B | ||
| Q2 24 | $3.2B | $39.8B | ||
| Q1 24 | $3.0B | $39.6B |
负债/权益比LIIPPL
| Q4 25 | 0.98× | 1.27× | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 1.17× | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $405.9M | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $-614.0M |
| 自由现金流率自由现金流/营收 | 31.5% | -26.1% |
| 资本支出强度资本支出/营收 | 2.4% | 49.5% |
| 现金转化率经营现金流/净利润 | 2.50× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流LIIPPL
| Q4 25 | $405.9M | $548.0M | ||
| Q3 25 | $300.7M | $966.0M | ||
| Q2 25 | $86.8M | $602.0M | ||
| Q1 25 | $-35.8M | $513.0M | ||
| Q4 24 | $332.4M | $511.0M | ||
| Q3 24 | $452.1M | $781.0M | ||
| Q2 24 | $184.0M | $766.0M | ||
| Q1 24 | $-22.8M | $282.0M |
自由现金流LIIPPL
| Q4 25 | $376.7M | $-614.0M | ||
| Q3 25 | $265.1M | $-179.0M | ||
| Q2 25 | $58.3M | $-328.0M | ||
| Q1 25 | $-61.3M | $-280.0M | ||
| Q4 24 | $272.2M | $-349.0M | ||
| Q3 24 | $410.9M | $102.0M | ||
| Q2 24 | $151.3M | $96.0M | ||
| Q1 24 | $-52.3M | $-314.0M |
自由现金流率LIIPPL
| Q4 25 | 31.5% | -26.1% | ||
| Q3 25 | 18.6% | -8.0% | ||
| Q2 25 | 3.9% | -16.1% | ||
| Q1 25 | -5.7% | -11.0% | ||
| Q4 24 | 20.2% | -15.9% | ||
| Q3 24 | 27.4% | 4.9% | ||
| Q2 24 | 10.4% | 5.1% | ||
| Q1 24 | -5.0% | -13.6% |
资本支出强度LIIPPL
| Q4 25 | 2.4% | 49.5% | ||
| Q3 25 | 2.5% | 51.2% | ||
| Q2 25 | 1.9% | 45.6% | ||
| Q1 25 | 2.4% | 31.2% | ||
| Q4 24 | 4.5% | 39.3% | ||
| Q3 24 | 2.8% | 32.7% | ||
| Q2 24 | 2.3% | 35.8% | ||
| Q1 24 | 2.8% | 25.9% |
现金转化率LIIPPL
| Q4 25 | 2.50× | 2.06× | ||
| Q3 25 | 1.22× | 3.04× | ||
| Q2 25 | 0.31× | 3.29× | ||
| Q1 25 | -0.30× | 1.24× | ||
| Q4 24 | 1.68× | 2.89× | ||
| Q3 24 | 1.89× | 3.65× | ||
| Q2 24 | 0.75× | 4.03× | ||
| Q1 24 | -0.18× | 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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
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% |
