vs
NiSource（NI）与SIGNET JEWELERS LTD（SIG）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SIGNET JEWELERS LTD的1.4倍（$1.9B vs $1.4B），NiSource净利率更高（13.7% vs 1.4%，领先12.2%），NiSource同比增速更快（22.5% vs 3.1%），SIGNET JEWELERS LTD自由现金流更多（$-1.5M vs $-133.7M），过去两年NiSource的营收复合增速更高（7.2% vs -25.4%）
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。
Signet Jewelers是全球最大的钻石珠宝零售商，注册地位于百慕大，总部设在美国俄亥俄州阿克伦的费尔劳恩郊区，在纽约证券交易所上市。公司主打中端珠宝市场，旗下拥有Blue Nile、Zales、Kay等知名品牌，在美国、加拿大、英国的专业珠宝市场均占据龙头地位，部分品牌布局中高端赛道。
NI vs SIG — 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19.4%
3.1%
净利率更高
NI
高出12.2%
1.4%
自由现金流更多
SIG
多$132.2M
$-133.7M
两年增速更快
NI
近两年复合增速
-25.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.4B |
| 净利润 | $257.8M | $20.0M |
| 毛利率 | — | 37.3% |
| 营业利润率 | 27.3% | 1.7% |
| 净利率 | 13.7% | 1.4% |
| 营收同比 | 22.5% | 3.1% |
| 净利润同比 | 15.1% | 185.7% |
| 每股收益（稀释后） | $0.53 | $0.49 |
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NISIG
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.6B | $2.5B |
净利润NISIG
| Q4 25 | $257.8M | $20.0M | ||
| Q3 25 | $94.7M | $-9.1M | ||
| Q2 25 | $102.2M | $33.5M | ||
| Q1 25 | $474.8M | $100.6M | ||
| Q4 24 | $223.9M | $7.0M | ||
| Q3 24 | $85.7M | $-98.5M | ||
| Q2 24 | $85.8M | $52.1M | ||
| Q1 24 | $365.0M | $626.2M |
毛利率NISIG
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 38.6% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 42.6% | ||
| Q4 24 | — | 36.0% | ||
| Q3 24 | — | 38.0% | ||
| Q2 24 | — | 37.9% | ||
| Q1 24 | — | 43.3% |
营业利润率NISIG
| Q4 25 | 27.3% | 1.7% | ||
| Q3 25 | 24.0% | 0.2% | ||
| Q2 25 | 21.1% | 3.1% | ||
| Q1 25 | 35.3% | 6.5% | ||
| Q4 24 | 27.1% | 0.7% | ||
| Q3 24 | 20.9% | -6.8% | ||
| Q2 24 | 22.5% | 3.3% | ||
| Q1 24 | 35.5% | 16.7% |
净利率NISIG
| Q4 25 | 13.7% | 1.4% | ||
| Q3 25 | 7.6% | -0.6% | ||
| Q2 25 | 8.2% | 2.2% | ||
| Q1 25 | 22.1% | 4.3% | ||
| Q4 24 | 14.5% | 0.5% | ||
| Q3 24 | 8.2% | -6.6% | ||
| Q2 24 | 8.1% | 3.4% | ||
| Q1 24 | 22.2% | 25.1% |
每股收益（稀释后）NISIG
| Q4 25 | $0.53 | $0.49 | ||
| Q3 25 | $0.20 | $-0.22 | ||
| Q2 25 | $0.22 | $0.78 | ||
| Q1 25 | $1.00 | $2.25 | ||
| Q4 24 | $0.47 | $0.12 | ||
| Q3 24 | $0.19 | $-2.28 | ||
| Q2 24 | $0.19 | $-0.90 | ||
| Q1 24 | $0.77 | $11.77 |
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 | $234.7M |
| 总债务越低越好 | $15.5B | — |
| 股东权益账面价值 | $9.5B | $1.7B |
| 总资产 | $35.9B | $5.4B |
| 负债/权益比越低杠杆越低 | 1.64× | — |
8季度趋势，按日历期对齐
现金及短期投资NISIG
| Q4 25 | $110.1M | $234.7M | ||
| Q3 25 | $95.0M | $281.4M | ||
| Q2 25 | $335.4M | $264.1M | ||
| Q1 25 | $259.4M | $604.0M | ||
| Q4 24 | $156.6M | $157.7M | ||
| Q3 24 | $126.2M | $403.1M | ||
| Q2 24 | $101.2M | $729.3M | ||
| Q1 24 | $102.2M | $1.4B |
总债务NISIG
| Q4 25 | $15.5B | — | ||
| Q3 25 | $14.5B | — | ||
| Q2 25 | $14.5B | — | ||
| Q1 25 | $12.8B | — | ||
| Q4 24 | $12.1B | — | ||
| Q3 24 | $12.1B | — | ||
| Q2 24 | $12.8B | — | ||
| Q1 24 | $11.7B | — |
股东权益NISIG
| Q4 25 | $9.5B | $1.7B | ||
| Q3 25 | $9.1B | $1.7B | ||
| Q2 25 | $8.9B | $1.8B | ||
| Q1 25 | $8.9B | $1.9B | ||
| Q4 24 | $8.7B | $1.8B | ||
| Q3 24 | $8.3B | $1.9B | ||
| Q2 24 | $7.9B | $2.1B | ||
| Q1 24 | $7.9B | $2.2B |
总资产NISIG
| Q4 25 | $35.9B | $5.4B | ||
| Q3 25 | $34.4B | $5.3B | ||
| Q2 25 | $34.0B | $5.5B | ||
| Q1 25 | $33.1B | $5.7B | ||
| Q4 24 | $31.8B | $5.7B | ||
| Q3 24 | $30.8B | $5.6B | ||
| Q2 24 | $29.9B | $6.2B | ||
| Q1 24 | $29.3B | $6.8B |
负债/权益比NISIG
| Q4 25 | 1.64× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.39× | — | ||
| 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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $-133.7M | $-1.5M |
| 自由现金流率自由现金流/营收 | -7.1% | -0.1% |
| 资本支出强度资本支出/营收 | 44.9% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.76× | 1.55× |
| 过去12个月自由现金流最近4个季度 | $-420.0M | $591.0M |
8季度趋势，按日历期对齐
经营现金流NISIG
| Q4 25 | $712.6M | $31.0M | ||
| Q3 25 | $467.9M | $86.3M | ||
| Q2 25 | $495.4M | $-175.3M | ||
| Q1 25 | $686.4M | $780.7M | ||
| Q4 24 | $539.8M | $-75.4M | ||
| Q3 24 | $340.0M | $43.8M | ||
| Q2 24 | $445.5M | $-158.2M | ||
| Q1 24 | $456.2M | $752.2M |
自由现金流NISIG
| Q4 25 | $-133.7M | $-1.5M | ||
| Q3 25 | $-172.6M | $62.3M | ||
| Q2 25 | $-162.8M | $-211.9M | ||
| Q1 25 | $49.1M | $742.1M | ||
| Q4 24 | $-220.2M | $-138.5M | ||
| Q3 24 | $-294.7M | $15.8M | ||
| Q2 24 | $-184.3M | $-181.5M | ||
| Q1 24 | $-133.3M | $716.1M |
自由现金流率NISIG
| Q4 25 | -7.1% | -0.1% | ||
| Q3 25 | -13.9% | 4.1% | ||
| Q2 25 | -13.1% | -13.7% | ||
| Q1 25 | 2.3% | 31.5% | ||
| Q4 24 | -14.3% | -10.3% | ||
| Q3 24 | -28.2% | 1.1% | ||
| Q2 24 | -17.5% | -12.0% | ||
| Q1 24 | -8.1% | 28.7% |
资本支出强度NISIG
| Q4 25 | 44.9% | 2.3% | ||
| Q3 25 | 51.6% | 1.6% | ||
| Q2 25 | 52.8% | 2.4% | ||
| Q1 25 | 29.6% | 1.6% | ||
| Q4 24 | 49.4% | 4.7% | ||
| Q3 24 | 60.7% | 1.9% | ||
| Q2 24 | 59.7% | 1.5% | ||
| Q1 24 | 35.9% | 1.4% |
现金转化率NISIG
| Q4 25 | 2.76× | 1.55× | ||
| Q3 25 | 4.94× | — | ||
| Q2 25 | 4.85× | -5.23× | ||
| Q1 25 | 1.45× | 7.76× | ||
| Q4 24 | 2.41× | -10.77× | ||
| Q3 24 | 3.97× | — | ||
| Q2 24 | 5.19× | -3.04× | ||
| 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% |
SIG
| Other | $571.9M | 41% |
| Zale Jewelry | $243.4M | 17% |
| Extended Service Plan | $129.6M | 9% |
| Diamonds Direct | $87.9M | 6% |
| Blue Nile | $74.3M | 5% |
| Extended Service Plan And Other Deferred Revenue | $69.9M | 5% |
| Banter By Piercing Pagoda | $69.2M | 5% |
| Watches | $48.7M | 3% |
| Peoples | $42.2M | 3% |
| James Allen | $27.8M | 2% |
