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切尼尔能源（LNG）与Northwest Natural Holding Co（NWN）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是Northwest Natural Holding Co的13.6倍（$5.4B vs $394.2M）。切尼尔能源同比增速更快（20.3% vs 6.3%）。切尼尔能源自由现金流更多（$1.3B vs $-131.0M）。过去两年切尼尔能源的营收复合增速更高（14.3% vs -4.6%）
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
西北天然气控股公司是美国上市公用事业企业，总部位于俄勒冈州波特兰，成立于1859年。核心业务为天然气配送，服务俄勒冈州西部、华盛顿州西南部的居民、商业及工业客户，同时运营水务业务，目前服务约80万用户，年营收超10亿美元。
LNG vs NWN — 直观对比
营收规模更大
LNG
是对方的13.6倍
$394.2M
营收增速更快
LNG
高出14.0%
6.3%
自由现金流更多
LNG
多$1.4B
$-131.0M
两年增速更快
LNG
近两年复合增速
-4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $394.2M |
| 净利润 | $2.3B | — |
| 毛利率 | — | — |
| 营业利润率 | 70.8% | 28.4% |
| 净利率 | 42.8% | — |
| 营收同比 | 20.3% | 6.3% |
| 净利润同比 | 135.6% | — |
| 每股收益（稀释后） | $10.51 | $1.38 |
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LNGNWN
| Q4 25 | $5.4B | $394.2M | ||
| Q3 25 | $4.3B | $164.7M | ||
| Q2 25 | $4.5B | $236.2M | ||
| Q1 25 | $5.3B | $494.3M | ||
| Q4 24 | $4.5B | $370.9M | ||
| Q3 24 | $3.7B | $136.9M | ||
| Q2 24 | $3.1B | $211.7M | ||
| Q1 24 | $4.1B | $433.5M |
净利润LNGNWN
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.0B | $-29.9M | ||
| Q2 25 | $1.6B | $-2.5M | ||
| Q1 25 | $353.0M | $87.9M | ||
| Q4 24 | $977.0M | — | ||
| Q3 24 | $893.0M | $-27.2M | ||
| Q2 24 | $880.0M | $-2.8M | ||
| Q1 24 | $502.0M | $63.8M |
营业利润率LNGNWN
| Q4 25 | 70.8% | 28.4% | ||
| Q3 25 | 42.3% | -7.5% | ||
| Q2 25 | 56.1% | 11.5% | ||
| Q1 25 | 18.2% | 31.2% | ||
| Q4 24 | 38.9% | 22.9% | ||
| Q3 24 | 44.7% | -14.1% | ||
| Q2 24 | 50.5% | 7.4% | ||
| Q1 24 | 28.0% | 25.3% |
净利率LNGNWN
| Q4 25 | 42.8% | — | ||
| Q3 25 | 24.4% | -18.1% | ||
| Q2 25 | 36.1% | -1.1% | ||
| Q1 25 | 6.7% | 17.8% | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 24.2% | -19.8% | ||
| Q2 24 | 28.0% | -1.3% | ||
| Q1 24 | 12.2% | 14.7% |
每股收益（稀释后）LNGNWN
| Q4 25 | $10.51 | $1.38 | ||
| Q3 25 | $4.75 | $-0.73 | ||
| Q2 25 | $7.30 | $-0.06 | ||
| Q1 25 | $1.57 | $2.18 | ||
| Q4 24 | $4.30 | $1.12 | ||
| Q3 24 | $3.93 | $-0.71 | ||
| Q2 24 | $3.84 | $-0.07 | ||
| Q1 24 | $2.13 | $1.69 |
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 | $1.1B | $36.7M |
| 总债务越低越好 | $22.5B | $2.4B |
| 股东权益账面价值 | $7.9B | $1.5B |
| 总资产 | $47.9B | $6.2B |
| 负债/权益比越低杠杆越低 | 2.84× | 1.65× |
8季度趋势，按日历期对齐
现金及短期投资LNGNWN
| Q4 25 | $1.1B | $36.7M | ||
| Q3 25 | $1.1B | $32.2M | ||
| Q2 25 | $1.6B | $102.6M | ||
| Q1 25 | $2.5B | $100.0M | ||
| Q4 24 | $2.6B | $38.5M | ||
| Q3 24 | $2.7B | $35.0M | ||
| Q2 24 | $2.4B | $65.2M | ||
| Q1 24 | $4.4B | $72.4M |
总债务LNGNWN
| Q4 25 | $22.5B | $2.4B | ||
| Q3 25 | $22.0B | $2.2B | ||
| Q2 25 | $22.0B | $2.2B | ||
| Q1 25 | $22.5B | $2.2B | ||
| Q4 24 | $22.6B | $1.7B | ||
| Q3 24 | $22.5B | $1.6B | ||
| Q2 24 | $22.6B | $1.6B | ||
| Q1 24 | $21.4B | $1.6B |
股东权益LNGNWN
| Q4 25 | $7.9B | $1.5B | ||
| Q3 25 | $6.7B | $1.4B | ||
| Q2 25 | $6.7B | $1.5B | ||
| Q1 25 | $5.6B | $1.5B | ||
| Q4 24 | $5.7B | $1.4B | ||
| Q3 24 | $5.1B | $1.4B | ||
| Q2 24 | $4.5B | $1.3B | ||
| Q1 24 | $4.3B | $1.3B |
总资产LNGNWN
| Q4 25 | $47.9B | $6.2B | ||
| Q3 25 | $45.1B | $5.9B | ||
| Q2 25 | $44.6B | $5.8B | ||
| Q1 25 | $43.5B | $5.7B | ||
| Q4 24 | $43.9B | $5.2B | ||
| Q3 24 | $43.1B | $4.9B | ||
| Q2 24 | $42.3B | $4.8B | ||
| Q1 24 | $42.9B | $4.8B |
负债/权益比LNGNWN
| Q4 25 | 2.84× | 1.65× | ||
| Q3 25 | 3.25× | 1.56× | ||
| Q2 25 | 3.28× | 1.53× | ||
| Q1 25 | 4.03× | 1.53× | ||
| Q4 24 | 3.96× | 1.23× | ||
| Q3 24 | 4.42× | 1.16× | ||
| Q2 24 | 5.06× | 1.17× | ||
| Q1 24 | 5.04× | 1.17× |
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 | $2.1B | $3.3M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-131.0M |
| 自由现金流率自由现金流/营收 | 24.4% | -33.2% |
| 资本支出强度资本支出/营收 | 13.8% | 34.1% |
| 现金转化率经营现金流/净利润 | 0.89× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | $-197.8M |
8季度趋势，按日历期对齐
经营现金流LNGNWN
| Q4 25 | $2.1B | $3.3M | ||
| Q3 25 | $1.4B | $-15.9M | ||
| Q2 25 | $831.0M | $102.2M | ||
| Q1 25 | $1.2B | $179.6M | ||
| Q4 24 | $1.6B | $-19.4M | ||
| Q3 24 | $1.4B | $-26.4M | ||
| Q2 24 | $1.1B | $121.0M | ||
| Q1 24 | $1.2B | $125.0M |
自由现金流LNGNWN
| Q4 25 | $1.3B | $-131.0M | ||
| Q3 25 | $738.0M | $-125.9M | ||
| Q2 25 | $-193.0M | $-18.3M | ||
| Q1 25 | $605.0M | $77.4M | ||
| Q4 24 | $1.1B | $-119.6M | ||
| Q3 24 | $875.0M | $-121.7M | ||
| Q2 24 | $613.0M | $4.3M | ||
| Q1 24 | $596.0M | $42.8M |
自由现金流率LNGNWN
| Q4 25 | 24.4% | -33.2% | ||
| Q3 25 | 17.2% | -76.4% | ||
| Q2 25 | -4.3% | -7.8% | ||
| Q1 25 | 11.4% | 15.7% | ||
| Q4 24 | 24.0% | -32.2% | ||
| Q3 24 | 23.8% | -88.9% | ||
| Q2 24 | 19.5% | 2.0% | ||
| Q1 24 | 14.5% | 9.9% |
资本支出强度LNGNWN
| Q4 25 | 13.8% | 34.1% | ||
| Q3 25 | 16.0% | 66.8% | ||
| Q2 25 | 22.7% | 51.0% | ||
| Q1 25 | 11.8% | 20.7% | ||
| Q4 24 | 12.7% | 27.0% | ||
| Q3 24 | 14.0% | 69.6% | ||
| Q2 24 | 16.0% | 55.1% | ||
| Q1 24 | 15.8% | 19.0% |
现金转化率LNGNWN
| Q4 25 | 0.89× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 3.48× | 2.04× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 2.48× | 1.96× |
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
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
NWN
| NWN Gas Utility | $341.4M | 87% |
| Alternativerevenue | $27.2M | 7% |
| Si Energy Gas Utility | $20.0M | 5% |
| NW Natural Other | $6.9M | 2% |
