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NiSource（NI）与PACS Group, Inc.（PACS）财务数据对比。点击上方公司名可切换其他公司
NiSource的季度营收约是PACS Group, Inc.的1.4倍（$1.9B vs $1.4B），NiSource净利率更高（13.7% vs 4.4%，领先9.3%），NiSource同比增速更快（22.5% vs 18.4%），过去两年PACS Group, Inc.的营收复合增速更高（20.5% vs 7.2%）
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
NI vs PACS — 直观对比
营收规模更大
NI
是对方的1.4倍
$1.4B
营收增速更快
NI
高出4.1%
18.4%
净利率更高
NI
高出9.3%
4.4%
两年增速更快
PACS
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $257.8M | $59.7M |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | 7.0% |
| 净利率 | 13.7% | 4.4% |
| 营收同比 | 22.5% | 18.4% |
| 净利润同比 | 15.1% | 3022.5% |
| 每股收益（稀释后） | $0.53 | $0.42 |
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NIPACS
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.1B | $981.4M | ||
| Q1 24 | $1.6B | $934.3M |
净利润NIPACS
| Q4 25 | $257.8M | $59.7M | ||
| Q3 25 | $94.7M | $52.4M | ||
| Q2 25 | $102.2M | $51.0M | ||
| Q1 25 | $474.8M | $28.5M | ||
| Q4 24 | $223.9M | $1.9M | ||
| Q3 24 | $85.7M | $15.6M | ||
| Q2 24 | $85.8M | $-10.9M | ||
| Q1 24 | $365.0M | $49.1M |
毛利率NIPACS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
营业利润率NIPACS
| Q4 25 | 27.3% | 7.0% | ||
| Q3 25 | 24.0% | 6.4% | ||
| Q2 25 | 21.1% | 6.2% | ||
| Q1 25 | 35.3% | 3.8% | ||
| Q4 24 | 27.1% | 1.7% | ||
| Q3 24 | 20.9% | 2.2% | ||
| Q2 24 | 22.5% | 0.1% | ||
| Q1 24 | 35.5% | 8.6% |
净利率NIPACS
| Q4 25 | 13.7% | 4.4% | ||
| Q3 25 | 7.6% | 3.9% | ||
| Q2 25 | 8.2% | 3.9% | ||
| Q1 25 | 22.1% | 2.2% | ||
| Q4 24 | 14.5% | 0.2% | ||
| Q3 24 | 8.2% | 1.5% | ||
| Q2 24 | 8.1% | -1.1% | ||
| Q1 24 | 22.2% | 5.3% |
每股收益（稀释后）NIPACS
| Q4 25 | $0.53 | $0.42 | ||
| Q3 25 | $0.20 | $0.32 | ||
| Q2 25 | $0.22 | $0.31 | ||
| Q1 25 | $1.00 | $0.17 | ||
| Q4 24 | $0.47 | $-0.03 | ||
| Q3 24 | $0.19 | $0.10 | ||
| Q2 24 | $0.19 | $-0.07 | ||
| Q1 24 | $0.77 | $0.38 |
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 | $110.1M | $197.0M |
| 总债务越低越好 | $15.5B | $353.2M |
| 股东权益账面价值 | $9.5B | $946.8M |
| 总资产 | $35.9B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.64× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资NIPACS
| Q4 25 | $110.1M | $197.0M | ||
| Q3 25 | $95.0M | $355.7M | ||
| Q2 25 | $335.4M | $294.2M | ||
| Q1 25 | $259.4M | $287.5M | ||
| Q4 24 | $156.6M | $157.7M | ||
| Q3 24 | $126.2M | $49.5M | ||
| Q2 24 | $101.2M | $73.4M | ||
| Q1 24 | $102.2M | $81.2M |
总债务NIPACS
| Q4 25 | $15.5B | $353.2M | ||
| Q3 25 | $14.5B | — | ||
| Q2 25 | $14.5B | — | ||
| Q1 25 | $12.8B | — | ||
| Q4 24 | $12.1B | $411.9M | ||
| Q3 24 | $12.1B | — | ||
| Q2 24 | $12.8B | — | ||
| Q1 24 | $11.7B | — |
股东权益NIPACS
| Q4 25 | $9.5B | $946.8M | ||
| Q3 25 | $9.1B | $871.3M | ||
| Q2 25 | $8.9B | $806.8M | ||
| Q1 25 | $8.9B | $750.2M | ||
| Q4 24 | $8.7B | $709.6M | ||
| Q3 24 | $8.3B | $660.0M | ||
| Q2 24 | $7.9B | $572.1M | ||
| Q1 24 | $7.9B | $128.0M |
总资产NIPACS
| Q4 25 | $35.9B | $5.6B | ||
| Q3 25 | $34.4B | $5.6B | ||
| Q2 25 | $34.0B | $5.5B | ||
| Q1 25 | $33.1B | $5.5B | ||
| Q4 24 | $31.8B | $5.2B | ||
| Q3 24 | $30.8B | $4.5B | ||
| Q2 24 | $29.9B | $3.9B | ||
| Q1 24 | $29.3B | $3.9B |
负债/权益比NIPACS
| Q4 25 | 1.64× | 0.37× | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.39× | 0.58× | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | 1.48× | — |
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 | $712.6M | $-3.4M |
| 自由现金流经营现金流 - 资本支出 | $-133.7M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 44.9% | — |
| 现金转化率经营现金流/净利润 | 2.76× | -0.06× |
| 过去12个月自由现金流最近4个季度 | $-420.0M | — |
8季度趋势，按日历期对齐
经营现金流NIPACS
| Q4 25 | $712.6M | $-3.4M | ||
| Q3 25 | $467.9M | $204.8M | ||
| Q2 25 | $495.4M | $52.6M | ||
| Q1 25 | $686.4M | $150.2M | ||
| Q4 24 | $539.8M | $64.6M | ||
| Q3 24 | $340.0M | $209.2M | ||
| Q2 24 | $445.5M | $34.8M | ||
| Q1 24 | $456.2M | $58.8M |
自由现金流NIPACS
| Q4 25 | $-133.7M | — | ||
| Q3 25 | $-172.6M | — | ||
| Q2 25 | $-162.8M | — | ||
| Q1 25 | $49.1M | — | ||
| Q4 24 | $-220.2M | — | ||
| Q3 24 | $-294.7M | — | ||
| Q2 24 | $-184.3M | — | ||
| Q1 24 | $-133.3M | — |
自由现金流率NIPACS
| Q4 25 | -7.1% | — | ||
| Q3 25 | -13.9% | — | ||
| Q2 25 | -13.1% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | -14.3% | — | ||
| Q3 24 | -28.2% | — | ||
| Q2 24 | -17.5% | — | ||
| Q1 24 | -8.1% | — |
资本支出强度NIPACS
| Q4 25 | 44.9% | — | ||
| Q3 25 | 51.6% | — | ||
| Q2 25 | 52.8% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 49.4% | — | ||
| Q3 24 | 60.7% | — | ||
| Q2 24 | 59.7% | — | ||
| Q1 24 | 35.9% | — |
现金转化率NIPACS
| Q4 25 | 2.76× | -0.06× | ||
| Q3 25 | 4.94× | 3.91× | ||
| Q2 25 | 4.85× | 1.03× | ||
| Q1 25 | 1.45× | 5.28× | ||
| Q4 24 | 2.41× | 33.78× | ||
| Q3 24 | 3.97× | 13.39× | ||
| Q2 24 | 5.19× | — | ||
| Q1 24 | 1.25× | 1.20× |
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
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
PACS
暂无分部数据
