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蓝威斯顿（LW）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是蓝威斯顿的1.5倍（$2.3B vs $1.6B），PPL Corporation净利率更高（11.3% vs 3.5%，领先7.9%），PPL Corporation同比增速更快（7.2% vs 2.9%），蓝威斯顿自由现金流更多（$-36.3M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
LW vs PPL — 直观对比
营收规模更大
PPL
是对方的1.5倍
$1.6B
营收增速更快
PPL
高出4.3%
2.9%
净利率更高
PPL
高出7.9%
3.5%
自由现金流更多
LW
多$577.7M
$-614.0M
两年增速更快
PPL
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.3B |
| 净利润 | $54.0M | $266.0M |
| 毛利率 | 21.2% | — |
| 营业利润率 | 8.1% | 20.3% |
| 净利率 | 3.5% | 11.3% |
| 营收同比 | 2.9% | 7.2% |
| 净利润同比 | -63.0% | 50.3% |
| 每股收益（稀释后） | $0.39 | $0.35 |
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LWPPL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $1.6B | $1.9B |
净利润LWPPL
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $266.0M | ||
| Q3 25 | $64.3M | $318.0M | ||
| Q2 25 | $119.9M | $183.0M | ||
| Q1 25 | $146.0M | $414.0M | ||
| Q4 24 | $-36.1M | $177.0M | ||
| Q3 24 | $127.4M | $214.0M | ||
| Q2 24 | $129.6M | $190.0M |
毛利率LWPPL
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 24.1% | — |
营业利润率LWPPL
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 20.3% | ||
| Q3 25 | 9.4% | 25.4% | ||
| Q2 25 | 11.1% | 19.9% | ||
| Q1 25 | 16.4% | 26.6% | ||
| Q4 24 | 1.2% | 17.2% | ||
| Q3 24 | 12.8% | 20.6% | ||
| Q2 24 | 13.2% | 20.8% |
净利率LWPPL
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | 11.3% | ||
| Q3 25 | 3.9% | 14.2% | ||
| Q2 25 | 7.2% | 9.0% | ||
| Q1 25 | 9.6% | 16.3% | ||
| Q4 24 | -2.3% | 8.1% | ||
| Q3 24 | 7.7% | 10.3% | ||
| Q2 24 | 8.0% | 10.1% |
每股收益（稀释后）LWPPL
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $0.35 | ||
| Q3 25 | $0.46 | $0.43 | ||
| Q2 25 | $0.84 | $0.25 | ||
| Q1 25 | $1.03 | $0.56 | ||
| Q4 24 | $-0.25 | $0.23 | ||
| Q3 24 | $0.88 | $0.29 | ||
| Q2 24 | $0.89 | $0.26 |
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 | $57.5M | $1.1B |
| 总债务越低越好 | $3.6B | $18.9B |
| 股东权益账面价值 | $1.8B | $14.9B |
| 总资产 | $7.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.99× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资LWPPL
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $1.1B | ||
| Q3 25 | $98.6M | $1.1B | ||
| Q2 25 | $70.7M | $294.0M | ||
| Q1 25 | $67.5M | $312.0M | ||
| Q4 24 | $79.0M | $306.0M | ||
| Q3 24 | $120.8M | $542.0M | ||
| Q2 24 | $71.4M | $282.0M |
总债务LWPPL
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $18.9B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | $16.5B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — |
股东权益LWPPL
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $14.9B | ||
| Q3 25 | $1.8B | $14.4B | ||
| Q2 25 | $1.7B | $14.3B | ||
| Q1 25 | $1.6B | $14.3B | ||
| Q4 24 | $1.6B | $14.1B | ||
| Q3 24 | $1.8B | $14.1B | ||
| Q2 24 | $1.8B | $14.1B |
总资产LWPPL
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $45.2B | ||
| Q3 25 | $7.2B | $43.9B | ||
| Q2 25 | $7.4B | $42.4B | ||
| Q1 25 | $7.4B | $41.8B | ||
| Q4 24 | $7.5B | $41.1B | ||
| Q3 24 | $7.5B | $40.5B | ||
| Q2 24 | $7.4B | $39.8B |
负债/权益比LWPPL
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 1.27× | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 2.12× | — | ||
| Q1 25 | 2.25× | — | ||
| Q4 24 | 2.26× | 1.17× | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.92× | — |
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 | $65.2M | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $-614.0M |
| 自由现金流率自由现金流/营收 | -2.3% | -26.1% |
| 资本支出强度资本支出/营收 | 6.5% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.21× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $569.2M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流LWPPL
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $548.0M | ||
| Q3 25 | $352.0M | $966.0M | ||
| Q2 25 | $868.3M | $602.0M | ||
| Q1 25 | $56.0M | $513.0M | ||
| Q4 24 | $99.1M | $511.0M | ||
| Q3 24 | $330.2M | $781.0M | ||
| Q2 24 | $798.2M | $766.0M |
自由现金流LWPPL
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $-614.0M | ||
| Q3 25 | $274.4M | $-179.0M | ||
| Q2 25 | $230.1M | $-328.0M | ||
| Q1 25 | $-19.8M | $-280.0M | ||
| Q4 24 | $-49.6M | $-349.0M | ||
| Q3 24 | $4.3M | $102.0M | ||
| Q2 24 | $-131.3M | $96.0M |
自由现金流率LWPPL
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | -26.1% | ||
| Q3 25 | 16.5% | -8.0% | ||
| Q2 25 | 13.7% | -16.1% | ||
| Q1 25 | -1.3% | -11.0% | ||
| Q4 24 | -3.1% | -15.9% | ||
| Q3 24 | 0.3% | 4.9% | ||
| Q2 24 | -8.1% | 5.1% |
资本支出强度LWPPL
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 49.5% | ||
| Q3 25 | 4.7% | 51.2% | ||
| Q2 25 | 38.1% | 45.6% | ||
| Q1 25 | 5.0% | 31.2% | ||
| Q4 24 | 9.3% | 39.3% | ||
| Q3 24 | 19.7% | 32.7% | ||
| Q2 24 | 57.7% | 35.8% |
现金转化率LWPPL
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | 2.06× | ||
| Q3 25 | 5.47× | 3.04× | ||
| Q2 25 | 7.24× | 3.29× | ||
| Q1 25 | 0.38× | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 2.59× | 3.65× | ||
| Q2 24 | 6.16× | 4.03× |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
