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切尼尔能源（LNG）与SHOPIFY INC.（SHOP）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SHOPIFY INC.的1.5倍（$5.4B vs $3.7B），切尼尔能源净利率更高（42.8% vs 20.2%，领先22.6%），SHOPIFY INC.同比增速更快（30.6% vs 20.3%），切尼尔能源自由现金流更多（$1.3B vs $715.0M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 14.3%）
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。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
LNG vs SHOP — 直观对比
营收规模更大
LNG
是对方的1.5倍
$3.7B
营收增速更快
SHOP
高出10.3%
20.3%
净利率更高
LNG
高出22.6%
20.2%
自由现金流更多
LNG
多$596.0M
$715.0M
两年增速更快
SHOP
近两年复合增速
14.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.7B |
| 净利润 | $2.3B | $743.0M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 70.8% | 17.2% |
| 净利率 | 42.8% | 20.2% |
| 营收同比 | 20.3% | 30.6% |
| 净利润同比 | 135.6% | -42.5% |
| 每股收益（稀释后） | $10.51 | $0.58 |
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LNGSHOP
| Q4 25 | $5.4B | $3.7B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.5B | $2.7B | ||
| Q1 25 | $5.3B | $2.4B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.1B | $2.0B | ||
| Q1 24 | $4.1B | $1.9B |
净利润LNGSHOP
| Q4 25 | $2.3B | $743.0M | ||
| Q3 25 | $1.0B | $264.0M | ||
| Q2 25 | $1.6B | $906.0M | ||
| Q1 25 | $353.0M | $-682.0M | ||
| Q4 24 | $977.0M | $1.3B | ||
| Q3 24 | $893.0M | $828.0M | ||
| Q2 24 | $880.0M | $171.0M | ||
| Q1 24 | $502.0M | $-273.0M |
毛利率LNGSHOP
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
营业利润率LNGSHOP
| Q4 25 | 70.8% | 17.2% | ||
| Q3 25 | 42.3% | 12.1% | ||
| Q2 25 | 56.1% | 10.9% | ||
| Q1 25 | 18.2% | 8.6% | ||
| Q4 24 | 38.9% | 16.5% | ||
| Q3 24 | 44.7% | 13.1% | ||
| Q2 24 | 50.5% | 11.8% | ||
| Q1 24 | 28.0% | 4.6% |
净利率LNGSHOP
| Q4 25 | 42.8% | 20.2% | ||
| Q3 25 | 24.4% | 9.3% | ||
| Q2 25 | 36.1% | 33.8% | ||
| Q1 25 | 6.7% | -28.9% | ||
| Q4 24 | 21.9% | 46.0% | ||
| Q3 24 | 24.2% | 38.3% | ||
| Q2 24 | 28.0% | 8.4% | ||
| Q1 24 | 12.2% | -14.7% |
每股收益（稀释后）LNGSHOP
| Q4 25 | $10.51 | $0.58 | ||
| Q3 25 | $4.75 | $0.20 | ||
| Q2 25 | $7.30 | $0.69 | ||
| Q1 25 | $1.57 | $-0.53 | ||
| Q4 24 | $4.30 | $0.99 | ||
| Q3 24 | $3.93 | $0.64 | ||
| Q2 24 | $3.84 | $0.13 | ||
| Q1 24 | $2.13 | $-0.21 |
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 | $5.8B |
| 总债务越低越好 | $22.5B | — |
| 股东权益账面价值 | $7.9B | $13.5B |
| 总资产 | $47.9B | $15.2B |
| 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LNGSHOP
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $1.1B | $6.3B | ||
| Q2 25 | $1.6B | $5.8B | ||
| Q1 25 | $2.5B | $5.5B | ||
| Q4 24 | $2.6B | $5.5B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $4.4B | — |
总债务LNGSHOP
| 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LNGSHOP
| Q4 25 | $7.9B | $13.5B | ||
| Q3 25 | $6.7B | $12.5B | ||
| Q2 25 | $6.7B | $12.1B | ||
| Q1 25 | $5.6B | $11.1B | ||
| Q4 24 | $5.7B | $11.6B | ||
| Q3 24 | $5.1B | $10.1B | ||
| Q2 24 | $4.5B | $9.2B | ||
| Q1 24 | $4.3B | $8.9B |
总资产LNGSHOP
| Q4 25 | $47.9B | $15.2B | ||
| Q3 25 | $45.1B | $15.0B | ||
| Q2 25 | $44.6B | $14.6B | ||
| Q1 25 | $43.5B | $13.4B | ||
| Q4 24 | $43.9B | $13.9B | ||
| Q3 24 | $43.1B | — | ||
| Q2 24 | $42.3B | — | ||
| Q1 24 | $42.9B | — |
负债/权益比LNGSHOP
| 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 | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $715.0M |
| 自由现金流率自由现金流/营收 | 24.4% | 19.5% |
| 资本支出强度资本支出/营收 | 13.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.89× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $2.0B |
8季度趋势，按日历期对齐
经营现金流LNGSHOP
| Q4 25 | $2.1B | $725.0M | ||
| Q3 25 | $1.4B | $513.0M | ||
| Q2 25 | $831.0M | $428.0M | ||
| Q1 25 | $1.2B | $367.0M | ||
| Q4 24 | $1.6B | $615.0M | ||
| Q3 24 | $1.4B | $423.0M | ||
| Q2 24 | $1.1B | $340.0M | ||
| Q1 24 | $1.2B | $238.0M |
自由现金流LNGSHOP
| Q4 25 | $1.3B | $715.0M | ||
| Q3 25 | $738.0M | $507.0M | ||
| Q2 25 | $-193.0M | $422.0M | ||
| Q1 25 | $605.0M | $363.0M | ||
| Q4 24 | $1.1B | $611.0M | ||
| Q3 24 | $875.0M | $421.0M | ||
| Q2 24 | $613.0M | $333.0M | ||
| Q1 24 | $596.0M | $232.0M |
自由现金流率LNGSHOP
| Q4 25 | 24.4% | 19.5% | ||
| Q3 25 | 17.2% | 17.8% | ||
| Q2 25 | -4.3% | 15.7% | ||
| Q1 25 | 11.4% | 15.4% | ||
| Q4 24 | 24.0% | 21.7% | ||
| Q3 24 | 23.8% | 19.5% | ||
| Q2 24 | 19.5% | 16.3% | ||
| Q1 24 | 14.5% | 12.5% |
资本支出强度LNGSHOP
| Q4 25 | 13.8% | 0.3% | ||
| Q3 25 | 16.0% | 0.2% | ||
| Q2 25 | 22.7% | 0.2% | ||
| Q1 25 | 11.8% | 0.2% | ||
| Q4 24 | 12.7% | 0.1% | ||
| Q3 24 | 14.0% | 0.1% | ||
| Q2 24 | 16.0% | 0.3% | ||
| Q1 24 | 15.8% | 0.3% |
现金转化率LNGSHOP
| Q4 25 | 0.89× | 0.98× | ||
| Q3 25 | 1.36× | 1.94× | ||
| Q2 25 | 0.51× | 0.47× | ||
| Q1 25 | 3.48× | — | ||
| Q4 24 | 1.68× | 0.48× | ||
| Q3 24 | 1.56× | 0.51× | ||
| Q2 24 | 1.27× | 1.99× | ||
| Q1 24 | 2.48× | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
