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美盛公司（MOS）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是美盛公司的1.6倍（$4.8B vs $3.0B），Vistra Corp.净利率更高（4.8% vs -17.5%，领先22.3%），Vistra Corp.同比增速更快（31.2% vs 5.6%），Vistra Corp.自由现金流更多（$596.0M vs $-405.7M），过去两年Vistra Corp.的营收复合增速更高（23.3% vs 5.3%）
美盛公司（The Mosaic Company）是总部位于美国佛罗里达州坦帕的化工企业，主营磷矿、钾矿开采及尿素采集，依托多元国际分销网络和旗下肥料业务板块生产销售农用肥料，是美国规模最大的钾肥、磷肥生产商。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
MOS vs VST — 直观对比
营收规模更大
VST
是对方的1.6倍
$3.0B
营收增速更快
VST
高出25.6%
5.6%
净利率更高
VST
高出22.3%
-17.5%
自由现金流更多
VST
多$1.0B
$-405.7M
两年增速更快
VST
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $4.8B |
| 净利润 | $-519.5M | $233.0M |
| 毛利率 | 11.5% | — |
| 营业利润率 | -3.4% | 9.9% |
| 净利率 | -17.5% | 4.8% |
| 营收同比 | 5.6% | 31.2% |
| 净利润同比 | -407.4% | -47.2% |
| 每股收益（稀释后） | $-1.63 | $0.55 |
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MOSVST
| Q4 25 | $3.0B | $4.8B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.0B | $3.8B | ||
| Q1 25 | $2.6B | $4.3B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.8B | $4.3B | ||
| Q2 24 | $2.8B | $3.6B | ||
| Q1 24 | $2.7B | $3.2B |
净利润MOSVST
| Q4 25 | $-519.5M | $233.0M | ||
| Q3 25 | $411.4M | $652.0M | ||
| Q2 25 | $410.7M | $327.0M | ||
| Q1 25 | $238.1M | $-268.0M | ||
| Q4 24 | $169.0M | $441.0M | ||
| Q3 24 | $122.2M | $1.9B | ||
| Q2 24 | $-161.5M | $365.0M | ||
| Q1 24 | $45.2M | $-35.0M |
毛利率MOSVST
| Q4 25 | 11.5% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 14.9% | — |
营业利润率MOSVST
| Q4 25 | -3.4% | 9.9% | ||
| Q3 25 | 9.8% | 21.7% | ||
| Q2 25 | 8.1% | 13.7% | ||
| Q1 25 | 12.9% | -2.8% | ||
| Q4 24 | 3.5% | 16.4% | ||
| Q3 24 | 4.1% | 59.6% | ||
| Q2 24 | 8.3% | 22.5% | ||
| Q1 24 | 6.5% | 2.7% |
净利率MOSVST
| Q4 25 | -17.5% | 4.8% | ||
| Q3 25 | 11.9% | 13.6% | ||
| Q2 25 | 13.7% | 8.7% | ||
| Q1 25 | 9.1% | -6.3% | ||
| Q4 24 | 6.0% | 12.0% | ||
| Q3 24 | 4.3% | 43.5% | ||
| Q2 24 | -5.7% | 10.1% | ||
| Q1 24 | 1.7% | -1.1% |
每股收益（稀释后）MOSVST
| Q4 25 | $-1.63 | $0.55 | ||
| Q3 25 | $1.29 | $1.75 | ||
| Q2 25 | $1.29 | $0.81 | ||
| Q1 25 | $0.75 | $-0.93 | ||
| Q4 24 | $0.53 | $1.09 | ||
| Q3 24 | $0.38 | $5.25 | ||
| Q2 24 | $-0.50 | $0.90 | ||
| Q1 24 | $0.14 | $-0.24 |
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 | $276.6M | $785.0M |
| 总债务越低越好 | $4.3B | $15.8B |
| 股东权益账面价值 | $12.1B | $5.1B |
| 总资产 | $24.5B | $41.5B |
| 负债/权益比越低杠杆越低 | 0.35× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资MOSVST
| Q4 25 | $276.6M | $785.0M | ||
| Q3 25 | $153.3M | $602.0M | ||
| Q2 25 | $286.2M | $458.0M | ||
| Q1 25 | $259.2M | $561.0M | ||
| Q4 24 | $272.8M | $1.2B | ||
| Q3 24 | $301.6M | $905.0M | ||
| Q2 24 | $322.0M | $1.6B | ||
| Q1 24 | $336.7M | $1.1B |
总债务MOSVST
| Q4 25 | $4.3B | $15.8B | ||
| Q3 25 | $3.4B | $15.8B | ||
| Q2 25 | $3.3B | $15.5B | ||
| Q1 25 | $3.3B | $15.4B | ||
| Q4 24 | $3.3B | $15.4B | ||
| Q3 24 | $3.2B | $13.9B | ||
| Q2 24 | $3.2B | $13.9B | ||
| Q1 24 | $3.2B | $14.7B |
股东权益MOSVST
| Q4 25 | $12.1B | $5.1B | ||
| Q3 25 | $12.8B | $5.2B | ||
| Q2 25 | $12.4B | $4.8B | ||
| Q1 25 | $11.8B | $4.8B | ||
| Q4 24 | $11.5B | $5.6B | ||
| Q3 24 | $11.8B | $5.4B | ||
| Q2 24 | $11.7B | $5.6B | ||
| Q1 24 | $12.0B | $5.7B |
总资产MOSVST
| Q4 25 | $24.5B | $41.5B | ||
| Q3 25 | $24.7B | $38.0B | ||
| Q2 25 | $24.3B | $38.1B | ||
| Q1 25 | $23.2B | $38.2B | ||
| Q4 24 | $22.9B | $37.8B | ||
| Q3 24 | $23.3B | $37.9B | ||
| Q2 24 | $22.6B | $39.1B | ||
| Q1 24 | $22.9B | $38.2B |
负债/权益比MOSVST
| Q4 25 | 0.35× | 3.11× | ||
| Q3 25 | 0.26× | 3.02× | ||
| Q2 25 | 0.27× | 3.22× | ||
| Q1 25 | 0.28× | 3.20× | ||
| Q4 24 | 0.29× | 2.77× | ||
| Q3 24 | 0.27× | 2.56× | ||
| Q2 24 | 0.27× | 2.49× | ||
| Q1 24 | 0.27× | 2.60× |
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 | $-56.1M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $-405.7M | $596.0M |
| 自由现金流率自由现金流/营收 | -13.6% | 12.4% |
| 资本支出强度资本支出/营收 | 11.8% | 17.4% |
| 现金转化率经营现金流/净利润 | — | 6.15× |
| 过去12个月自由现金流最近4个季度 | $-534.6M | $1.3B |
8季度趋势，按日历期对齐
经营现金流MOSVST
| Q4 25 | $-56.1M | $1.4B | ||
| Q3 25 | $228.5M | $1.5B | ||
| Q2 25 | $609.5M | $572.0M | ||
| Q1 25 | $42.9M | $599.0M | ||
| Q4 24 | $219.3M | $1.4B | ||
| Q3 24 | $312.9M | $1.7B | ||
| Q2 24 | $847.0M | $1.2B | ||
| Q1 24 | $-80.0M | $312.0M |
自由现金流MOSVST
| Q4 25 | $-405.7M | $596.0M | ||
| Q3 25 | $-135.9M | $1.0B | ||
| Q2 25 | $304.9M | $-118.0M | ||
| Q1 25 | $-297.9M | $-169.0M | ||
| Q4 24 | $-74.8M | $923.0M | ||
| Q3 24 | $72.1M | $1.0B | ||
| Q2 24 | $513.1M | $698.0M | ||
| Q1 24 | $-463.0M | $-153.0M |
自由现金流率MOSVST
| Q4 25 | -13.6% | 12.4% | ||
| Q3 25 | -3.9% | 21.1% | ||
| Q2 25 | 10.1% | -3.1% | ||
| Q1 25 | -11.4% | -4.0% | ||
| Q4 24 | -2.7% | 25.2% | ||
| Q3 24 | 2.6% | 23.4% | ||
| Q2 24 | 18.2% | 19.4% | ||
| Q1 24 | -17.3% | -4.8% |
资本支出强度MOSVST
| Q4 25 | 11.8% | 17.4% | ||
| Q3 25 | 10.6% | 9.6% | ||
| Q2 25 | 10.1% | 18.4% | ||
| Q1 25 | 13.0% | 18.1% | ||
| Q4 24 | 10.4% | 11.7% | ||
| Q3 24 | 8.6% | 15.8% | ||
| Q2 24 | 11.9% | 13.8% | ||
| Q1 24 | 14.3% | 14.7% |
现金转化率MOSVST
| Q4 25 | — | 6.15× | ||
| Q3 25 | 0.56× | 2.25× | ||
| Q2 25 | 1.48× | 1.75× | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 1.30× | 3.07× | ||
| Q3 24 | 2.56× | 0.90× | ||
| Q2 24 | — | 3.28× | ||
| Q1 24 | -1.77× | — |
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
MOS
暂无分部数据
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
