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切尼尔能源（LNG）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
贝宝的季度营收约是切尼尔能源的1.6倍（$8.7B vs $5.4B），切尼尔能源净利率更高（42.8% vs 16.6%，领先26.3%），切尼尔能源同比增速更快（20.3% vs 3.7%），贝宝自由现金流更多（$2.2B vs $1.3B），过去两年切尼尔能源的营收复合增速更高（14.3% vs 6.2%）
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。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
LNG vs PYPL — 直观对比
营收规模更大
PYPL
是对方的1.6倍
$5.4B
营收增速更快
LNG
高出16.6%
3.7%
净利率更高
LNG
高出26.3%
16.6%
自由现金流更多
PYPL
多$879.0M
$1.3B
两年增速更快
LNG
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $8.7B |
| 净利润 | $2.3B | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | 70.8% | 17.4% |
| 净利率 | 42.8% | 16.6% |
| 营收同比 | 20.3% | 3.7% |
| 净利润同比 | 135.6% | 28.2% |
| 每股收益（稀释后） | $10.51 | $1.53 |
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LNGPYPL
| Q4 25 | $5.4B | $8.7B | ||
| Q3 25 | $4.3B | $8.4B | ||
| Q2 25 | $4.5B | $8.3B | ||
| Q1 25 | $5.3B | $7.8B | ||
| Q4 24 | $4.5B | $8.4B | ||
| Q3 24 | $3.7B | $7.8B | ||
| Q2 24 | $3.1B | $7.9B | ||
| Q1 24 | $4.1B | $7.7B |
净利润LNGPYPL
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $353.0M | $1.3B | ||
| Q4 24 | $977.0M | $1.1B | ||
| Q3 24 | $893.0M | $1.0B | ||
| Q2 24 | $880.0M | $1.1B | ||
| Q1 24 | $502.0M | $888.0M |
营业利润率LNGPYPL
| Q4 25 | 70.8% | 17.4% | ||
| Q3 25 | 42.3% | 18.1% | ||
| Q2 25 | 56.1% | 18.1% | ||
| Q1 25 | 18.2% | 19.6% | ||
| Q4 24 | 38.9% | 17.2% | ||
| Q3 24 | 44.7% | 17.7% | ||
| Q2 24 | 50.5% | 16.8% | ||
| Q1 24 | 28.0% | 15.2% |
净利率LNGPYPL
| Q4 25 | 42.8% | 16.6% | ||
| Q3 25 | 24.4% | 14.8% | ||
| Q2 25 | 36.1% | 15.2% | ||
| Q1 25 | 6.7% | 16.5% | ||
| Q4 24 | 21.9% | 13.4% | ||
| Q3 24 | 24.2% | 12.9% | ||
| Q2 24 | 28.0% | 14.3% | ||
| Q1 24 | 12.2% | 11.5% |
每股收益（稀释后）LNGPYPL
| Q4 25 | $10.51 | $1.53 | ||
| Q3 25 | $4.75 | $1.30 | ||
| Q2 25 | $7.30 | $1.29 | ||
| Q1 25 | $1.57 | $1.29 | ||
| Q4 24 | $4.30 | $1.09 | ||
| Q3 24 | $3.93 | $0.99 | ||
| Q2 24 | $3.84 | $1.08 | ||
| Q1 24 | $2.13 | $0.83 |
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 | $10.4B |
| 总债务越低越好 | $22.5B | — |
| 股东权益账面价值 | $7.9B | $20.3B |
| 总资产 | $47.9B | $80.2B |
| 负债/权益比越低杠杆越低 | 2.84× | — |
8季度趋势，按日历期对齐
现金及短期投资LNGPYPL
| Q4 25 | $1.1B | $10.4B | ||
| Q3 25 | $1.1B | $10.8B | ||
| Q2 25 | $1.6B | $10.0B | ||
| Q1 25 | $2.5B | $11.2B | ||
| Q4 24 | $2.6B | $10.8B | ||
| Q3 24 | $2.7B | $11.9B | ||
| Q2 24 | $2.4B | $13.6B | ||
| Q1 24 | $4.4B | $14.3B |
总债务LNGPYPL
| Q4 25 | $22.5B | — | ||
| Q3 25 | $22.0B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.5B | — | ||
| Q4 24 | $22.6B | — | ||
| Q3 24 | $22.5B | — | ||
| Q2 24 | $22.6B | — | ||
| Q1 24 | $21.4B | — |
股东权益LNGPYPL
| Q4 25 | $7.9B | $20.3B | ||
| Q3 25 | $6.7B | $20.2B | ||
| Q2 25 | $6.7B | $20.2B | ||
| Q1 25 | $5.6B | $20.3B | ||
| Q4 24 | $5.7B | $20.4B | ||
| Q3 24 | $5.1B | $20.2B | ||
| Q2 24 | $4.5B | $20.6B | ||
| Q1 24 | $4.3B | $20.7B |
总资产LNGPYPL
| Q4 25 | $47.9B | $80.2B | ||
| Q3 25 | $45.1B | $79.8B | ||
| Q2 25 | $44.6B | $79.8B | ||
| Q1 25 | $43.5B | $81.3B | ||
| Q4 24 | $43.9B | $81.6B | ||
| Q3 24 | $43.1B | $83.5B | ||
| Q2 24 | $42.3B | $84.0B | ||
| Q1 24 | $42.9B | $83.3B |
负债/权益比LNGPYPL
| Q4 25 | 2.84× | — | ||
| Q3 25 | 3.25× | — | ||
| Q2 25 | 3.28× | — | ||
| Q1 25 | 4.03× | — | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 5.06× | — | ||
| Q1 24 | 5.04× | — |
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 | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $2.2B |
| 自由现金流率自由现金流/营收 | 24.4% | 25.2% |
| 资本支出强度资本支出/营收 | 13.8% | 2.2% |
| 现金转化率经营现金流/净利润 | 0.89× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $5.6B |
8季度趋势，按日历期对齐
经营现金流LNGPYPL
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $831.0M | $898.0M | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.2B | $1.9B |
自由现金流LNGPYPL
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $738.0M | $1.7B | ||
| Q2 25 | $-193.0M | $692.0M | ||
| Q1 25 | $605.0M | $964.0M | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $875.0M | $1.4B | ||
| Q2 24 | $613.0M | $1.4B | ||
| Q1 24 | $596.0M | $1.8B |
自由现金流率LNGPYPL
| Q4 25 | 24.4% | 25.2% | ||
| Q3 25 | 17.2% | 20.4% | ||
| Q2 25 | -4.3% | 8.3% | ||
| Q1 25 | 11.4% | 12.4% | ||
| Q4 24 | 24.0% | 26.2% | ||
| Q3 24 | 23.8% | 18.4% | ||
| Q2 24 | 19.5% | 17.3% | ||
| Q1 24 | 14.5% | 22.9% |
资本支出强度LNGPYPL
| Q4 25 | 13.8% | 2.2% | ||
| Q3 25 | 16.0% | 3.0% | ||
| Q2 25 | 22.7% | 2.5% | ||
| Q1 25 | 11.8% | 2.5% | ||
| Q4 24 | 12.7% | 2.4% | ||
| Q3 24 | 14.0% | 2.2% | ||
| Q2 24 | 16.0% | 2.0% | ||
| Q1 24 | 15.8% | 2.0% |
现金转化率LNGPYPL
| Q4 25 | 0.89× | 1.66× | ||
| Q3 25 | 1.36× | 1.58× | ||
| Q2 25 | 0.51× | 0.71× | ||
| Q1 25 | 3.48× | 0.90× | ||
| Q4 24 | 1.68× | 2.14× | ||
| Q3 24 | 1.56× | 1.60× | ||
| Q2 24 | 1.27× | 1.35× | ||
| Q1 24 | 2.48× | 2.16× |
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% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
