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切尼尔能源（LNG）与道富集团（STT）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道富集团的1.5倍（$5.4B vs $3.7B），切尼尔能源净利率更高（42.8% vs 20.4%，领先22.5%），切尼尔能源同比增速更快（20.3% vs 7.5%），道富集团自由现金流更多（$9.8B vs $1.3B），过去两年切尼尔能源的营收复合增速更高（14.3% vs 8.1%）
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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
LNG vs STT — 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
LNG
高出12.8%
7.5%
净利率更高
LNG
高出22.5%
20.4%
自由现金流更多
STT
多$8.5B
$1.3B
两年增速更快
LNG
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.7B |
| 净利润 | $2.3B | $747.0M |
| 毛利率 | — | — |
| 营业利润率 | 70.8% | 25.0% |
| 净利率 | 42.8% | 20.4% |
| 营收同比 | 20.3% | 7.5% |
| 净利润同比 | 135.6% | -4.6% |
| 每股收益（稀释后） | $10.51 | $2.41 |
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LNGSTT
| Q4 25 | $5.4B | $3.7B | ||
| Q3 25 | $4.3B | $3.5B | ||
| Q2 25 | $4.5B | $3.4B | ||
| Q1 25 | $5.3B | $3.3B | ||
| Q4 24 | $4.5B | $3.4B | ||
| Q3 24 | $3.7B | $3.3B | ||
| Q2 24 | $3.1B | $3.2B | ||
| Q1 24 | $4.1B | $3.1B |
净利润LNGSTT
| Q4 25 | $2.3B | $747.0M | ||
| Q3 25 | $1.0B | $861.0M | ||
| Q2 25 | $1.6B | $693.0M | ||
| Q1 25 | $353.0M | $644.0M | ||
| Q4 24 | $977.0M | $783.0M | ||
| Q3 24 | $893.0M | $730.0M | ||
| Q2 24 | $880.0M | $711.0M | ||
| Q1 24 | $502.0M | $463.0M |
营业利润率LNGSTT
| Q4 25 | 70.8% | 25.0% | ||
| Q3 25 | 42.3% | 31.1% | ||
| Q2 25 | 56.1% | 25.8% | ||
| Q1 25 | 18.2% | 25.0% | ||
| Q4 24 | 38.9% | 28.1% | ||
| Q3 24 | 44.7% | 28.4% | ||
| Q2 24 | 50.5% | 28.6% | ||
| Q1 24 | 28.0% | 19.1% |
净利率LNGSTT
| Q4 25 | 42.8% | 20.4% | ||
| Q3 25 | 24.4% | 24.3% | ||
| Q2 25 | 36.1% | 20.1% | ||
| Q1 25 | 6.7% | 19.6% | ||
| Q4 24 | 21.9% | 22.9% | ||
| Q3 24 | 24.2% | 22.4% | ||
| Q2 24 | 28.0% | 22.3% | ||
| Q1 24 | 12.2% | 14.8% |
每股收益（稀释后）LNGSTT
| Q4 25 | $10.51 | $2.41 | ||
| Q3 25 | $4.75 | $2.78 | ||
| Q2 25 | $7.30 | $2.17 | ||
| Q1 25 | $1.57 | $2.04 | ||
| Q4 24 | $4.30 | $2.43 | ||
| Q3 24 | $3.93 | $2.26 | ||
| Q2 24 | $3.84 | $2.15 | ||
| Q1 24 | $2.13 | $1.37 |
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 | — |
| 总债务越低越好 | $22.5B | — |
| 股东权益账面价值 | $7.9B | $27.8B |
| 总资产 | $47.9B | $366.0B |
| 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LNGSTT
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $4.4B | — |
总债务LNGSTT
| 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LNGSTT
| Q4 25 | $7.9B | $27.8B | ||
| Q3 25 | $6.7B | $27.6B | ||
| Q2 25 | $6.7B | $27.3B | ||
| Q1 25 | $5.6B | $26.7B | ||
| Q4 24 | $5.7B | $25.3B | ||
| Q3 24 | $5.1B | $25.8B | ||
| Q2 24 | $4.5B | $24.8B | ||
| Q1 24 | $4.3B | $24.4B |
总资产LNGSTT
| Q4 25 | $47.9B | $366.0B | ||
| Q3 25 | $45.1B | $371.1B | ||
| Q2 25 | $44.6B | $376.7B | ||
| Q1 25 | $43.5B | $372.7B | ||
| Q4 24 | $43.9B | $353.2B | ||
| Q3 24 | $43.1B | $338.5B | ||
| Q2 24 | $42.3B | $325.6B | ||
| Q1 24 | $42.9B | $338.0B |
负债/权益比LNGSTT
| 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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $9.8B |
| 自由现金流率自由现金流/营收 | 24.4% | 266.6% |
| 资本支出强度资本支出/营收 | 13.8% | 7.3% |
| 现金转化率经营现金流/净利润 | 0.89× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $10.8B |
8季度趋势，按日历期对齐
经营现金流LNGSTT
| Q4 25 | $2.1B | $10.0B | ||
| Q3 25 | $1.4B | $7.9B | ||
| Q2 25 | $831.0M | $-8.4B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.6B | $-7.4B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.1B | $-7.6B | ||
| Q1 24 | $1.2B | $-844.0M |
自由现金流LNGSTT
| Q4 25 | $1.3B | $9.8B | ||
| Q3 25 | $738.0M | $7.7B | ||
| Q2 25 | $-193.0M | $-8.8B | ||
| Q1 25 | $605.0M | $2.2B | ||
| Q4 24 | $1.1B | $-7.7B | ||
| Q3 24 | $875.0M | $2.5B | ||
| Q2 24 | $613.0M | $-7.9B | ||
| Q1 24 | $596.0M | $-1.1B |
自由现金流率LNGSTT
| Q4 25 | 24.4% | 266.6% | ||
| Q3 25 | 17.2% | 216.0% | ||
| Q2 25 | -4.3% | -254.1% | ||
| Q1 25 | 11.4% | 66.1% | ||
| Q4 24 | 24.0% | -225.1% | ||
| Q3 24 | 23.8% | 75.9% | ||
| Q2 24 | 19.5% | -246.2% | ||
| Q1 24 | 14.5% | -34.2% |
资本支出强度LNGSTT
| Q4 25 | 13.8% | 7.3% | ||
| Q3 25 | 16.0% | 6.9% | ||
| Q2 25 | 22.7% | 9.3% | ||
| Q1 25 | 11.8% | 6.9% | ||
| Q4 24 | 12.7% | 7.3% | ||
| Q3 24 | 14.0% | 7.2% | ||
| Q2 24 | 16.0% | 6.7% | ||
| Q1 24 | 15.8% | 7.3% |
现金转化率LNGSTT
| Q4 25 | 0.89× | 13.44× | ||
| Q3 25 | 1.36× | 9.18× | ||
| Q2 25 | 0.51× | -12.18× | ||
| Q1 25 | 3.48× | 3.72× | ||
| Q4 24 | 1.68× | -9.49× | ||
| Q3 24 | 1.56× | 3.71× | ||
| Q2 24 | 1.27× | -10.75× | ||
| Q1 24 | 2.48× | -1.82× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
