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New Fortress Energy Inc.（NFE）与SPIRE INC（SR）财务数据对比。点击上方公司名可切换其他公司
SPIRE INC的季度营收约是New Fortress Energy Inc.的2.3倍（$762.2M vs $326.2M）。SPIRE INC净利率更高（12.5% vs -259.7%，领先272.1%）。SPIRE INC同比增速更快（13.9% vs -7.0%）。SPIRE INC自由现金流更多（$-121.8M vs $-134.8M）。过去两年SPIRE INC的营收复合增速更高（-17.8% vs -26.8%）
New Fortress Energy Inc.是一家全球能源基础设施企业，主要开发、持有并运营液化天然气进出口终端、天然气供应网络及低碳能源项目，服务美洲、加勒比地区客户，致力于提供低成本、低排放的能源解决方案。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
NFE vs SR — 直观对比
营收规模更大
SR
是对方的2.3倍
$326.2M
营收增速更快
SR
高出20.9%
-7.0%
净利率更高
SR
高出272.1%
-259.7%
自由现金流更多
SR
多$13.0M
$-134.8M
两年增速更快
SR
近两年复合增速
-26.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $326.2M | $762.2M |
| 净利润 | $-847.1M | $95.0M |
| 毛利率 | 35.5% | 55.1% |
| 营业利润率 | -193.0% | 22.8% |
| 净利率 | -259.7% | 12.5% |
| 营收同比 | -7.0% | 13.9% |
| 净利润同比 | -277.4% | 16.9% |
| 每股收益（稀释后） | $-3.03 | $1.54 |
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NFESR
| Q4 25 | $326.2M | $762.2M | ||
| Q3 25 | $240.3M | $334.1M | ||
| Q2 25 | $228.1M | $421.9M | ||
| Q1 25 | $384.9M | $1.1B | ||
| Q4 24 | $350.7M | $669.1M | ||
| Q3 24 | $446.0M | $293.8M | ||
| Q2 24 | $291.2M | $414.1M | ||
| Q1 24 | $609.5M | $1.1B |
净利润NFESR
| Q4 25 | $-847.1M | $95.0M | ||
| Q3 25 | $-263.0M | $-39.8M | ||
| Q2 25 | $-546.5M | $20.9M | ||
| Q1 25 | $-175.4M | $209.3M | ||
| Q4 24 | $-224.4M | $81.3M | ||
| Q3 24 | $9.3M | $-25.9M | ||
| Q2 24 | $-88.9M | $-12.6M | ||
| Q1 24 | $54.1M | $204.3M |
毛利率NFESR
| Q4 25 | 35.5% | 55.1% | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 21.4% | — | ||
| Q4 24 | 17.6% | 55.6% | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 62.4% | — |
营业利润率NFESR
| Q4 25 | -193.0% | 22.8% | ||
| Q3 25 | -37.4% | -0.1% | ||
| Q2 25 | -170.3% | 16.4% | ||
| Q1 25 | -3.3% | 29.1% | ||
| Q4 24 | 65.0% | 22.2% | ||
| Q3 24 | 17.8% | 6.7% | ||
| Q2 24 | 12.3% | 7.4% | ||
| Q1 24 | 30.4% | 26.5% |
净利率NFESR
| Q4 25 | -259.7% | 12.5% | ||
| Q3 25 | -109.4% | -11.9% | ||
| Q2 25 | -239.6% | 5.0% | ||
| Q1 25 | -45.6% | 19.9% | ||
| Q4 24 | -64.0% | 12.2% | ||
| Q3 24 | 2.1% | -8.8% | ||
| Q2 24 | -30.5% | -3.0% | ||
| Q1 24 | 8.9% | 18.1% |
每股收益（稀释后）NFESR
| Q4 25 | $-3.03 | $1.54 | ||
| Q3 25 | $-0.96 | $-0.77 | ||
| Q2 25 | $-1.99 | $0.29 | ||
| Q1 25 | $-0.65 | $3.51 | ||
| Q4 24 | $-1.10 | $1.34 | ||
| Q3 24 | $0.03 | $-0.63 | ||
| Q2 24 | $-0.42 | $-0.28 | ||
| Q1 24 | $0.23 | $3.58 |
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 | $226.5M | $4.1M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $182.6M | $3.4B |
| 总资产 | $10.6B | $11.9B |
| 负债/权益比越低杠杆越低 | 44.78× | — |
8季度趋势，按日历期对齐
现金及短期投资NFESR
| Q4 25 | $226.5M | $4.1M | ||
| Q3 25 | $145.2M | $5.7M | ||
| Q2 25 | $551.1M | $13.1M | ||
| Q1 25 | $447.9M | $15.2M | ||
| Q4 24 | $492.9M | $11.5M | ||
| Q3 24 | $90.8M | $4.5M | ||
| Q2 24 | $133.0M | $7.4M | ||
| Q1 24 | $143.5M | $25.6M |
总债务NFESR
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NFESR
| Q4 25 | $182.6M | $3.4B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $1.3B | $3.5B | ||
| Q1 25 | $1.8B | $3.5B | ||
| Q4 24 | $1.9B | $3.3B | ||
| Q3 24 | $1.6B | $3.2B | ||
| Q2 24 | $1.6B | $3.3B | ||
| Q1 24 | $1.7B | $3.4B |
总资产NFESR
| Q4 25 | $10.6B | $11.9B | ||
| Q3 25 | $12.0B | $11.6B | ||
| Q2 25 | $12.0B | $11.4B | ||
| Q1 25 | $13.1B | $11.3B | ||
| Q4 24 | $12.9B | $11.3B | ||
| Q3 24 | $12.0B | $10.9B | ||
| Q2 24 | $11.4B | $10.7B | ||
| Q1 24 | $10.9B | $10.7B |
负债/权益比NFESR
| Q4 25 | 44.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-76.2M | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $-134.8M | $-121.8M |
| 自由现金流率自由现金流/营收 | -41.3% | -16.0% |
| 资本支出强度资本支出/营收 | 18.0% | 26.6% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $-286.7M |
8季度趋势，按日历期对齐
经营现金流NFESR
| Q4 25 | $-76.2M | $81.0M | ||
| Q3 25 | $-171.0M | $-4.9M | ||
| Q2 25 | $-329.0M | $129.1M | ||
| Q1 25 | $-7.2M | $372.7M | ||
| Q4 24 | $445.3M | $81.1M | ||
| Q3 24 | $-20.0M | $82.9M | ||
| Q2 24 | $113.9M | $270.1M | ||
| Q1 24 | $63.0M | $489.4M |
自由现金流NFESR
| Q4 25 | $-134.8M | $-121.8M | ||
| Q3 25 | $-231.6M | $-227.6M | ||
| Q2 25 | $-726.7M | $-91.4M | ||
| Q1 25 | $-262.3M | $154.1M | ||
| Q4 24 | $-210.3M | $-179.5M | ||
| Q3 24 | $-367.0M | $-146.9M | ||
| Q2 24 | $-493.2M | $47.9M | ||
| Q1 24 | $-457.9M | $306.6M |
自由现金流率NFESR
| Q4 25 | -41.3% | -16.0% | ||
| Q3 25 | -96.4% | -68.1% | ||
| Q2 25 | -318.6% | -21.7% | ||
| Q1 25 | -68.2% | 14.7% | ||
| Q4 24 | -60.0% | -26.8% | ||
| Q3 24 | -82.3% | -50.0% | ||
| Q2 24 | -169.3% | 11.6% | ||
| Q1 24 | -75.1% | 27.2% |
资本支出强度NFESR
| Q4 25 | 18.0% | 26.6% | ||
| Q3 25 | 25.2% | 66.7% | ||
| Q2 25 | 174.4% | 52.3% | ||
| Q1 25 | 66.3% | 20.8% | ||
| Q4 24 | 187.0% | 38.9% | ||
| Q3 24 | 77.8% | 78.2% | ||
| Q2 24 | 208.4% | 53.7% | ||
| Q1 24 | 85.5% | 16.2% |
现金转化率NFESR
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.18× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | -2.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.16× | 2.40× |
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
NFE
暂无分部数据
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
