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切尼尔能源（LNG）与威富集团（VFC）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威富集团的1.9倍（$5.4B vs $2.9B），切尼尔能源净利率更高（42.8% vs 10.5%，领先32.4%），切尼尔能源同比增速更快（20.3% vs 1.5%），切尼尔能源自由现金流更多（$1.3B vs $977.9M），过去两年切尼尔能源的营收复合增速更高（14.3% vs 10.1%）
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。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
LNG vs VFC — 直观对比
营收规模更大
LNG
是对方的1.9倍
$2.9B
营收增速更快
LNG
高出18.8%
1.5%
净利率更高
LNG
高出32.4%
10.5%
自由现金流更多
LNG
多$333.1M
$977.9M
两年增速更快
LNG
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.9B |
| 净利润 | $2.3B | $300.8M |
| 毛利率 | — | 56.6% |
| 营业利润率 | 70.8% | 10.1% |
| 净利率 | 42.8% | 10.5% |
| 营收同比 | 20.3% | 1.5% |
| 净利润同比 | 135.6% | 79.3% |
| 每股收益（稀释后） | $10.51 | $0.76 |
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LNGVFC
| Q4 25 | $5.4B | $2.9B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $5.3B | $2.0B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $3.7B | $2.8B | ||
| Q2 24 | $3.1B | $1.9B | ||
| Q1 24 | $4.1B | $2.4B |
净利润LNGVFC
| Q4 25 | $2.3B | $300.8M | ||
| Q3 25 | $1.0B | $189.8M | ||
| Q2 25 | $1.6B | $-116.4M | ||
| Q1 25 | $353.0M | $-150.8M | ||
| Q4 24 | $977.0M | $167.8M | ||
| Q3 24 | $893.0M | $52.2M | ||
| Q2 24 | $880.0M | $-258.9M | ||
| Q1 24 | $502.0M | $-418.3M |
毛利率LNGVFC
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
营业利润率LNGVFC
| Q4 25 | 70.8% | 10.1% | ||
| Q3 25 | 42.3% | 11.2% | ||
| Q2 25 | 56.1% | -4.9% | ||
| Q1 25 | 18.2% | 2.2% | ||
| Q4 24 | 38.9% | 8.0% | ||
| Q3 24 | 44.7% | 9.9% | ||
| Q2 24 | 50.5% | -12.6% | ||
| Q1 24 | 28.0% | -15.0% |
净利率LNGVFC
| Q4 25 | 42.8% | 10.5% | ||
| Q3 25 | 24.4% | 6.8% | ||
| Q2 25 | 36.1% | -6.6% | ||
| Q1 25 | 6.7% | -7.5% | ||
| Q4 24 | 21.9% | 5.9% | ||
| Q3 24 | 24.2% | 1.9% | ||
| Q2 24 | 28.0% | -13.6% | ||
| Q1 24 | 12.2% | -17.6% |
每股收益（稀释后）LNGVFC
| Q4 25 | $10.51 | $0.76 | ||
| Q3 25 | $4.75 | $0.48 | ||
| Q2 25 | $7.30 | $-0.30 | ||
| Q1 25 | $1.57 | $-0.37 | ||
| Q4 24 | $4.30 | $0.43 | ||
| Q3 24 | $3.93 | $0.13 | ||
| Q2 24 | $3.84 | $-0.67 | ||
| Q1 24 | $2.13 | $-1.07 |
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 | $1.5B |
| 总债务越低越好 | $22.5B | $3.6B |
| 股东权益账面价值 | $7.9B | $1.8B |
| 总资产 | $47.9B | $10.4B |
| 负债/权益比越低杠杆越低 | 2.84× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资LNGVFC
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $419.1M | ||
| Q2 25 | $1.6B | $642.4M | ||
| Q1 25 | $2.5B | $429.4M | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.7B | $492.2M | ||
| Q2 24 | $2.4B | $637.4M | ||
| Q1 24 | $4.4B | $674.6M |
总债务LNGVFC
| Q4 25 | $22.5B | $3.6B | ||
| Q3 25 | $22.0B | $3.5B | ||
| Q2 25 | $22.0B | $3.6B | ||
| Q1 25 | $22.5B | $3.4B | ||
| Q4 24 | $22.6B | $3.9B | ||
| Q3 24 | $22.5B | $4.0B | ||
| Q2 24 | $22.6B | $3.9B | ||
| Q1 24 | $21.4B | $4.7B |
股东权益LNGVFC
| Q4 25 | $7.9B | $1.8B | ||
| Q3 25 | $6.7B | $1.5B | ||
| Q2 25 | $6.7B | $1.3B | ||
| Q1 25 | $5.6B | $1.5B | ||
| Q4 24 | $5.7B | $1.7B | ||
| Q3 24 | $5.1B | $1.4B | ||
| Q2 24 | $4.5B | $1.4B | ||
| Q1 24 | $4.3B | $1.7B |
总资产LNGVFC
| Q4 25 | $47.9B | $10.4B | ||
| Q3 25 | $45.1B | $10.6B | ||
| Q2 25 | $44.6B | $10.2B | ||
| Q1 25 | $43.5B | $9.4B | ||
| Q4 24 | $43.9B | $10.6B | ||
| Q3 24 | $43.1B | $12.2B | ||
| Q2 24 | $42.3B | $11.5B | ||
| Q1 24 | $42.9B | $11.6B |
负债/权益比LNGVFC
| Q4 25 | 2.84× | 1.99× | ||
| Q3 25 | 3.25× | 2.40× | ||
| Q2 25 | 3.28× | 2.76× | ||
| Q1 25 | 4.03× | 2.30× | ||
| Q4 24 | 3.96× | 2.31× | ||
| Q3 24 | 4.42× | 2.86× | ||
| Q2 24 | 5.06× | 2.84× | ||
| Q1 24 | 5.04× | 2.84× |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $977.9M |
| 自由现金流率自由现金流/营收 | 24.4% | 34.0% |
| 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× | 3.36× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $357.6M |
8季度趋势，按日历期对齐
经营现金流LNGVFC
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.4B | $-227.0M | ||
| Q2 25 | $831.0M | $-145.5M | ||
| Q1 25 | $1.2B | $-171.1M | ||
| Q4 24 | $1.6B | $918.1M | ||
| Q3 24 | $1.4B | $-301.6M | ||
| Q2 24 | $1.1B | $19.8M | ||
| Q1 24 | $1.2B | — |
自由现金流LNGVFC
| Q4 25 | $1.3B | $977.9M | ||
| Q3 25 | $738.0M | $-253.5M | ||
| Q2 25 | $-193.0M | $-173.7M | ||
| Q1 25 | $605.0M | $-193.0M | ||
| Q4 24 | $1.1B | $899.7M | ||
| Q3 24 | $875.0M | $-322.4M | ||
| Q2 24 | $613.0M | $-5.4M | ||
| Q1 24 | $596.0M | — |
自由现金流率LNGVFC
| Q4 25 | 24.4% | 34.0% | ||
| Q3 25 | 17.2% | -9.0% | ||
| Q2 25 | -4.3% | -9.9% | ||
| Q1 25 | 11.4% | -9.6% | ||
| Q4 24 | 24.0% | 31.7% | ||
| Q3 24 | 23.8% | -11.7% | ||
| Q2 24 | 19.5% | -0.3% | ||
| Q1 24 | 14.5% | — |
资本支出强度LNGVFC
| Q4 25 | 13.8% | 1.1% | ||
| Q3 25 | 16.0% | 0.9% | ||
| Q2 25 | 22.7% | 1.6% | ||
| Q1 25 | 11.8% | 1.1% | ||
| Q4 24 | 12.7% | 0.6% | ||
| Q3 24 | 14.0% | 0.8% | ||
| Q2 24 | 16.0% | 1.3% | ||
| Q1 24 | 15.8% | — |
现金转化率LNGVFC
| Q4 25 | 0.89× | 3.36× | ||
| Q3 25 | 1.36× | -1.20× | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 3.48× | — | ||
| Q4 24 | 1.68× | 5.47× | ||
| Q3 24 | 1.56× | -5.78× | ||
| Q2 24 | 1.27× | — | ||
| 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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
