vs
切尼尔能源（LNG）与潘世奇汽车集团（PAG）财务数据对比。点击上方公司名可切换其他公司
潘世奇汽车集团的季度营收约是切尼尔能源的1.6倍（$8.8B vs $5.4B），切尼尔能源净利率更高（42.8% vs 2.6%，领先40.2%），切尼尔能源同比增速更快（20.3% vs 14.6%），切尼尔能源自由现金流更多（$1.3B vs $25.1M），过去两年切尼尔能源的营收复合增速更高（14.3% vs 9.0%）
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。
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
LNG vs PAG — 直观对比
营收规模更大
PAG
是对方的1.6倍
$5.4B
营收增速更快
LNG
高出5.7%
14.6%
净利率更高
LNG
高出40.2%
2.6%
自由现金流更多
LNG
多$1.3B
$25.1M
两年增速更快
LNG
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $8.8B |
| 净利润 | $2.3B | $228.1M |
| 毛利率 | — | 15.9% |
| 营业利润率 | 70.8% | 3.6% |
| 净利率 | 42.8% | 2.6% |
| 营收同比 | 20.3% | 14.6% |
| 净利润同比 | 135.6% | -3.5% |
| 每股收益（稀释后） | $10.51 | $3.46 |
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LNGPAG
| Q4 25 | $5.4B | $8.8B | ||
| Q3 25 | $4.3B | $7.7B | ||
| Q2 25 | $4.5B | $7.7B | ||
| Q1 25 | $5.3B | $7.6B | ||
| Q4 24 | $4.5B | $7.7B | ||
| Q3 24 | $3.7B | $7.6B | ||
| Q2 24 | $3.1B | $7.7B | ||
| Q1 24 | $4.1B | $7.4B |
净利润LNGPAG
| Q4 25 | $2.3B | $228.1M | ||
| Q3 25 | $1.0B | $213.0M | ||
| Q2 25 | $1.6B | $250.0M | ||
| Q1 25 | $353.0M | $244.3M | ||
| Q4 24 | $977.0M | $236.4M | ||
| Q3 24 | $893.0M | $226.1M | ||
| Q2 24 | $880.0M | $241.2M | ||
| Q1 24 | $502.0M | $215.2M |
毛利率LNGPAG
| Q4 25 | — | 15.9% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 16.7% |
营业利润率LNGPAG
| Q4 25 | 70.8% | 3.6% | ||
| Q3 25 | 42.3% | 3.9% | ||
| Q2 25 | 56.1% | 4.5% | ||
| Q1 25 | 18.2% | 4.1% | ||
| Q4 24 | 38.9% | 4.3% | ||
| Q3 24 | 44.7% | 4.2% | ||
| Q2 24 | 50.5% | 4.4% | ||
| Q1 24 | 28.0% | 4.4% |
净利率LNGPAG
| Q4 25 | 42.8% | 2.6% | ||
| Q3 25 | 24.4% | 2.8% | ||
| Q2 25 | 36.1% | 3.3% | ||
| Q1 25 | 6.7% | 3.2% | ||
| Q4 24 | 21.9% | 3.1% | ||
| Q3 24 | 24.2% | 3.0% | ||
| Q2 24 | 28.0% | 3.1% | ||
| Q1 24 | 12.2% | 2.9% |
每股收益（稀释后）LNGPAG
| Q4 25 | $10.51 | $3.46 | ||
| Q3 25 | $4.75 | $3.23 | ||
| Q2 25 | $7.30 | $3.78 | ||
| Q1 25 | $1.57 | $3.66 | ||
| Q4 24 | $4.30 | $3.53 | ||
| Q3 24 | $3.93 | $3.39 | ||
| Q2 24 | $3.84 | $3.61 | ||
| Q1 24 | $2.13 | $3.21 |
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 | $64.7M |
| 总债务越低越好 | $22.5B | $2.2B |
| 股东权益账面价值 | $7.9B | $5.6B |
| 总资产 | $47.9B | $17.6B |
| 负债/权益比越低杠杆越低 | 2.84× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资LNGPAG
| Q4 25 | $1.1B | $64.7M | ||
| Q3 25 | $1.1B | $80.3M | ||
| Q2 25 | $1.6B | $155.3M | ||
| Q1 25 | $2.5B | $118.4M | ||
| Q4 24 | $2.6B | $72.4M | ||
| Q3 24 | $2.7B | $91.9M | ||
| Q2 24 | $2.4B | $115.1M | ||
| Q1 24 | $4.4B | $116.9M |
总债务LNGPAG
| Q4 25 | $22.5B | $2.2B | ||
| Q3 25 | $22.0B | $1.6B | ||
| Q2 25 | $22.0B | $1.8B | ||
| Q1 25 | $22.5B | $1.8B | ||
| Q4 24 | $22.6B | $1.9B | ||
| Q3 24 | $22.5B | $1.9B | ||
| Q2 24 | $22.6B | $1.8B | ||
| Q1 24 | $21.4B | $1.7B |
股东权益LNGPAG
| Q4 25 | $7.9B | $5.6B | ||
| Q3 25 | $6.7B | $5.7B | ||
| Q2 25 | $6.7B | $5.6B | ||
| Q1 25 | $5.6B | $5.4B | ||
| Q4 24 | $5.7B | $5.2B | ||
| Q3 24 | $5.1B | $5.2B | ||
| Q2 24 | $4.5B | $5.0B | ||
| Q1 24 | $4.3B | $4.8B |
总资产LNGPAG
| Q4 25 | $47.9B | $17.6B | ||
| Q3 25 | $45.1B | $17.1B | ||
| Q2 25 | $44.6B | $17.4B | ||
| Q1 25 | $43.5B | $16.9B | ||
| Q4 24 | $43.9B | $16.7B | ||
| Q3 24 | $43.1B | $17.1B | ||
| Q2 24 | $42.3B | $16.6B | ||
| Q1 24 | $42.9B | $16.1B |
负债/权益比LNGPAG
| Q4 25 | 2.84× | 0.39× | ||
| Q3 25 | 3.25× | 0.28× | ||
| Q2 25 | 3.28× | 0.32× | ||
| Q1 25 | 4.03× | 0.33× | ||
| Q4 24 | 3.96× | 0.36× | ||
| Q3 24 | 4.42× | 0.36× | ||
| Q2 24 | 5.06× | 0.36× | ||
| Q1 24 | 5.04× | 0.35× |
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 | $123.2M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $25.1M |
| 自由现金流率自由现金流/营收 | 24.4% | 0.3% |
| 资本支出强度资本支出/营收 | 13.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.89× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $650.5M |
8季度趋势，按日历期对齐
经营现金流LNGPAG
| Q4 25 | $2.1B | $123.2M | ||
| Q3 25 | $1.4B | $379.5M | ||
| Q2 25 | $831.0M | $189.7M | ||
| Q1 25 | $1.2B | $282.7M | ||
| Q4 24 | $1.6B | $217.7M | ||
| Q3 24 | $1.4B | $271.0M | ||
| Q2 24 | $1.1B | $235.1M | ||
| Q1 24 | $1.2B | $456.0M |
自由现金流LNGPAG
| Q4 25 | $1.3B | $25.1M | ||
| Q3 25 | $738.0M | $300.4M | ||
| Q2 25 | $-193.0M | $118.9M | ||
| Q1 25 | $605.0M | $206.1M | ||
| Q4 24 | $1.1B | $131.6M | ||
| Q3 24 | $875.0M | $190.1M | ||
| Q2 24 | $613.0M | $135.9M | ||
| Q1 24 | $596.0M | $353.5M |
自由现金流率LNGPAG
| Q4 25 | 24.4% | 0.3% | ||
| Q3 25 | 17.2% | 3.9% | ||
| Q2 25 | -4.3% | 1.6% | ||
| Q1 25 | 11.4% | 2.7% | ||
| Q4 24 | 24.0% | 1.7% | ||
| Q3 24 | 23.8% | 2.5% | ||
| Q2 24 | 19.5% | 1.8% | ||
| Q1 24 | 14.5% | 4.7% |
资本支出强度LNGPAG
| Q4 25 | 13.8% | 1.1% | ||
| Q3 25 | 16.0% | 1.0% | ||
| Q2 25 | 22.7% | 0.9% | ||
| Q1 25 | 11.8% | 1.0% | ||
| Q4 24 | 12.7% | 1.1% | ||
| Q3 24 | 14.0% | 1.1% | ||
| Q2 24 | 16.0% | 1.3% | ||
| Q1 24 | 15.8% | 1.4% |
现金转化率LNGPAG
| Q4 25 | 0.89× | 0.54× | ||
| Q3 25 | 1.36× | 1.78× | ||
| Q2 25 | 0.51× | 0.76× | ||
| Q1 25 | 3.48× | 1.16× | ||
| Q4 24 | 1.68× | 0.92× | ||
| Q3 24 | 1.56× | 1.20× | ||
| Q2 24 | 1.27× | 0.97× | ||
| Q1 24 | 2.48× | 2.12× |
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% |
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
