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切尼尔能源（LNG）与Wabtec（WAB）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Wabtec的1.8倍（$5.4B vs $3.0B），切尼尔能源净利率更高（42.8% vs 12.3%，领先30.5%），切尼尔能源同比增速更快（20.3% vs 13.0%），过去两年切尼尔能源的营收复合增速更高（14.3% vs 5.6%）
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。
西屋空气制动技术公司（通称Wabtec）是美国知名轨道交通设备企业，1999年由西屋空气制动公司（WABCO）与动力设备厂商MotivePower合并组建，总部设于宾夕法尼亚州匹兹堡，在全球轨交制动系统、牵引动力设备等领域拥有领先的技术实力与市场份额。
LNG vs WAB — 直观对比
营收规模更大
LNG
是对方的1.8倍
$3.0B
营收增速更快
LNG
高出7.2%
13.0%
净利率更高
LNG
高出30.5%
12.3%
两年增速更快
LNG
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.0B |
| 净利润 | $2.3B | $363.0M |
| 毛利率 | — | 36.0% |
| 营业利润率 | 70.8% | 17.5% |
| 净利率 | 42.8% | 12.3% |
| 营收同比 | 20.3% | 13.0% |
| 净利润同比 | 135.6% | 11.0% |
| 每股收益（稀释后） | $10.51 | $2.12 |
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LNGWAB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $5.4B | $3.0B | ||
| Q3 25 | $4.3B | $2.9B | ||
| Q2 25 | $4.5B | $2.7B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $3.7B | $2.7B | ||
| Q2 24 | $3.1B | $2.6B |
净利润LNGWAB
| Q1 26 | — | $363.0M | ||
| Q4 25 | $2.3B | $202.0M | ||
| Q3 25 | $1.0B | $310.0M | ||
| Q2 25 | $1.6B | $336.0M | ||
| Q1 25 | $353.0M | $322.0M | ||
| Q4 24 | $977.0M | $212.0M | ||
| Q3 24 | $893.0M | $283.0M | ||
| Q2 24 | $880.0M | $289.0M |
毛利率LNGWAB
| Q1 26 | — | 36.0% | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 34.5% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 33.1% |
营业利润率LNGWAB
| Q1 26 | — | 17.5% | ||
| Q4 25 | 70.8% | 12.0% | ||
| Q3 25 | 42.3% | 17.0% | ||
| Q2 25 | 56.1% | 17.4% | ||
| Q1 25 | 18.2% | 18.2% | ||
| Q4 24 | 38.9% | 12.9% | ||
| Q3 24 | 44.7% | 16.3% | ||
| Q2 24 | 50.5% | 16.3% |
净利率LNGWAB
| Q1 26 | — | 12.3% | ||
| Q4 25 | 42.8% | 6.8% | ||
| Q3 25 | 24.4% | 10.7% | ||
| Q2 25 | 36.1% | 12.4% | ||
| Q1 25 | 6.7% | 12.3% | ||
| Q4 24 | 21.9% | 8.2% | ||
| Q3 24 | 24.2% | 10.6% | ||
| Q2 24 | 28.0% | 10.9% |
每股收益（稀释后）LNGWAB
| Q1 26 | — | $2.12 | ||
| Q4 25 | $10.51 | $1.18 | ||
| Q3 25 | $4.75 | $1.81 | ||
| Q2 25 | $7.30 | $1.96 | ||
| Q1 25 | $1.57 | $1.88 | ||
| Q4 24 | $4.30 | $1.24 | ||
| Q3 24 | $3.93 | $1.63 | ||
| Q2 24 | $3.84 | $1.64 |
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 | $4.7B |
| 股东权益账面价值 | $7.9B | $11.1B |
| 总资产 | $47.9B | $23.2B |
| 负债/权益比越低杠杆越低 | 2.84× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资LNGWAB
| Q1 26 | — | — | ||
| 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 | — |
总债务LNGWAB
| Q1 26 | — | $4.7B | ||
| Q4 25 | $22.5B | $5.5B | ||
| Q3 25 | $22.0B | $5.3B | ||
| Q2 25 | $22.0B | $4.8B | ||
| Q1 25 | $22.5B | $4.0B | ||
| Q4 24 | $22.6B | $4.0B | ||
| Q3 24 | $22.5B | $4.0B | ||
| Q2 24 | $22.6B | $4.0B |
股东权益LNGWAB
| Q1 26 | — | $11.1B | ||
| Q4 25 | $7.9B | $11.1B | ||
| Q3 25 | $6.7B | $11.0B | ||
| Q2 25 | $6.7B | $10.8B | ||
| Q1 25 | $5.6B | $10.4B | ||
| Q4 24 | $5.7B | $10.1B | ||
| Q3 24 | $5.1B | $10.3B | ||
| Q2 24 | $4.5B | $10.5B |
总资产LNGWAB
| Q1 26 | — | $23.2B | ||
| Q4 25 | $47.9B | $22.1B | ||
| Q3 25 | $45.1B | $21.5B | ||
| Q2 25 | $44.6B | $20.4B | ||
| Q1 25 | $43.5B | $19.1B | ||
| Q4 24 | $43.9B | $18.7B | ||
| Q3 24 | $43.1B | $18.6B | ||
| Q2 24 | $42.3B | $18.9B |
负债/权益比LNGWAB
| Q1 26 | — | 0.42× | ||
| Q4 25 | 2.84× | 0.50× | ||
| Q3 25 | 3.25× | 0.48× | ||
| Q2 25 | 3.28× | 0.44× | ||
| Q1 25 | 4.03× | 0.39× | ||
| Q4 24 | 3.96× | 0.39× | ||
| Q3 24 | 4.42× | 0.39× | ||
| Q2 24 | 5.06× | 0.38× |
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 | $199.0M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | — |
| 自由现金流率自由现金流/营收 | 24.4% | — |
| 资本支出强度资本支出/营收 | 13.8% | — |
| 现金转化率经营现金流/净利润 | 0.89× | 0.55× |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流LNGWAB
| Q1 26 | — | $199.0M | ||
| Q4 25 | $2.1B | $992.0M | ||
| Q3 25 | $1.4B | $367.0M | ||
| Q2 25 | $831.0M | $209.0M | ||
| Q1 25 | $1.2B | $191.0M | ||
| Q4 24 | $1.6B | $723.0M | ||
| Q3 24 | $1.4B | $542.0M | ||
| Q2 24 | $1.1B | $235.0M |
自由现金流LNGWAB
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $870.0M | ||
| Q3 25 | $738.0M | $312.0M | ||
| Q2 25 | $-193.0M | $170.0M | ||
| Q1 25 | $605.0M | $147.0M | ||
| Q4 24 | $1.1B | $639.0M | ||
| Q3 24 | $875.0M | $496.0M | ||
| Q2 24 | $613.0M | $189.0M |
自由现金流率LNGWAB
| Q1 26 | — | — | ||
| Q4 25 | 24.4% | 29.3% | ||
| Q3 25 | 17.2% | 10.8% | ||
| Q2 25 | -4.3% | 6.3% | ||
| Q1 25 | 11.4% | 5.6% | ||
| Q4 24 | 24.0% | 24.7% | ||
| Q3 24 | 23.8% | 18.6% | ||
| Q2 24 | 19.5% | 7.1% |
资本支出强度LNGWAB
| Q1 26 | — | — | ||
| Q4 25 | 13.8% | 4.1% | ||
| Q3 25 | 16.0% | 1.9% | ||
| Q2 25 | 22.7% | 1.4% | ||
| Q1 25 | 11.8% | 1.7% | ||
| Q4 24 | 12.7% | 3.3% | ||
| Q3 24 | 14.0% | 1.7% | ||
| Q2 24 | 16.0% | 1.7% |
现金转化率LNGWAB
| Q1 26 | — | 0.55× | ||
| Q4 25 | 0.89× | 4.91× | ||
| Q3 25 | 1.36× | 1.18× | ||
| Q2 25 | 0.51× | 0.62× | ||
| Q1 25 | 3.48× | 0.59× | ||
| Q4 24 | 1.68× | 3.41× | ||
| Q3 24 | 1.56× | 1.92× | ||
| Q2 24 | 1.27× | 0.81× |
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% |
WAB
暂无分部数据
