vs
NiSource（NI）与实耐宝（SNA）财务数据对比。点击上方公司名可切换其他公司
NiSource的季度营收约是实耐宝的1.5倍（$1.9B vs $1.2B），实耐宝净利率更高（21.3% vs 13.7%，领先7.7%），NiSource同比增速更快（22.5% vs 2.7%），实耐宝自由现金流更多（$254.6M vs $-133.7M），过去两年NiSource的营收复合增速更高（7.2% vs 2.0%）
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。
实耐宝（Snap-on）是美国高端专业工具及设备的设计、制造与销售企业，产品广泛应用于汽车、重型装备、船舶、航空、铁路等交通运输行业的专业场景，1930年起总部设于威斯康星州基诺沙，旗下另设Blue-Point品牌主打平价工具线，核心竞争对手包含Matco、Mac Tools、Cornwell Tools等。
NI vs SNA — 直观对比
营收规模更大
NI
是对方的1.5倍
$1.2B
营收增速更快
NI
高出19.9%
2.7%
净利率更高
SNA
高出7.7%
13.7%
自由现金流更多
SNA
多$388.3M
$-133.7M
两年增速更快
NI
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $257.8M | $260.7M |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | 27.8% |
| 净利率 | 13.7% | 21.3% |
| 营收同比 | 22.5% | 2.7% |
| 净利润同比 | 15.1% | 1.0% |
| 每股收益（稀释后） | $0.53 | $4.94 |
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NISNA
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
净利润NISNA
| Q4 25 | $257.8M | $260.7M | ||
| Q3 25 | $94.7M | $265.4M | ||
| Q2 25 | $102.2M | $250.3M | ||
| Q1 25 | $474.8M | $240.5M | ||
| Q4 24 | $223.9M | $258.1M | ||
| Q3 24 | $85.7M | $251.1M | ||
| Q2 24 | $85.8M | $271.2M | ||
| Q1 24 | $365.0M | $263.5M |
营业利润率NISNA
| Q4 25 | 27.3% | 27.8% | ||
| Q3 25 | 24.0% | 29.4% | ||
| Q2 25 | 21.1% | 28.0% | ||
| Q1 25 | 35.3% | 27.7% | ||
| Q4 24 | 27.1% | 27.9% | ||
| Q3 24 | 20.9% | 28.4% | ||
| Q2 24 | 22.5% | 29.9% | ||
| Q1 24 | 35.5% | 28.9% |
净利率NISNA
| Q4 25 | 13.7% | 21.3% | ||
| Q3 25 | 7.6% | 22.5% | ||
| Q2 25 | 8.2% | 21.4% | ||
| Q1 25 | 22.1% | 21.2% | ||
| Q4 24 | 14.5% | 21.7% | ||
| Q3 24 | 8.2% | 22.0% | ||
| Q2 24 | 8.1% | 23.1% | ||
| Q1 24 | 22.2% | 22.4% |
每股收益（稀释后）NISNA
| Q4 25 | $0.53 | $4.94 | ||
| Q3 25 | $0.20 | $5.02 | ||
| Q2 25 | $0.22 | $4.72 | ||
| Q1 25 | $1.00 | $4.51 | ||
| Q4 24 | $0.47 | $4.83 | ||
| Q3 24 | $0.19 | $4.70 | ||
| Q2 24 | $0.19 | $5.07 | ||
| Q1 24 | $0.77 | $4.91 |
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 | — |
| 总债务越低越好 | $15.5B | — |
| 股东权益账面价值 | $9.5B | — |
| 总资产 | $35.9B | — |
| 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NISNA
| Q4 25 | $110.1M | — | ||
| Q3 25 | $95.0M | $1.5B | ||
| Q2 25 | $335.4M | $1.5B | ||
| Q1 25 | $259.4M | $1.4B | ||
| Q4 24 | $156.6M | $1.4B | ||
| Q3 24 | $126.2M | $1.3B | ||
| Q2 24 | $101.2M | $1.2B | ||
| Q1 24 | $102.2M | $1.1B |
总债务NISNA
| Q4 25 | $15.5B | — | ||
| Q3 25 | $14.5B | $1.2B | ||
| Q2 25 | $14.5B | $1.2B | ||
| Q1 25 | $12.8B | — | ||
| Q4 24 | $12.1B | $1.2B | ||
| Q3 24 | $12.1B | — | ||
| Q2 24 | $12.8B | — | ||
| Q1 24 | $11.7B | — |
股东权益NISNA
| Q4 25 | $9.5B | — | ||
| Q3 25 | $9.1B | $5.8B | ||
| Q2 25 | $8.9B | $5.7B | ||
| Q1 25 | $8.9B | $5.5B | ||
| Q4 24 | $8.7B | $5.4B | ||
| Q3 24 | $8.3B | $5.5B | ||
| Q2 24 | $7.9B | $5.3B | ||
| Q1 24 | $7.9B | $5.1B |
总资产NISNA
| Q4 25 | $35.9B | — | ||
| Q3 25 | $34.4B | $8.4B | ||
| Q2 25 | $34.0B | $8.2B | ||
| Q1 25 | $33.1B | $8.1B | ||
| Q4 24 | $31.8B | $7.9B | ||
| Q3 24 | $30.8B | $8.0B | ||
| Q2 24 | $29.9B | $7.8B | ||
| Q1 24 | $29.3B | $7.7B |
负债/权益比NISNA
| Q4 25 | 1.64× | — | ||
| Q3 25 | 1.59× | 0.21× | ||
| Q2 25 | 1.63× | 0.21× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.39× | 0.22× | ||
| 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 | $268.1M |
| 自由现金流经营现金流 - 资本支出 | $-133.7M | $254.6M |
| 自由现金流率自由现金流/营收 | -7.1% | 20.8% |
| 资本支出强度资本支出/营收 | 44.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.76× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $-420.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流NISNA
| Q4 25 | $712.6M | $268.1M | ||
| Q3 25 | $467.9M | $277.9M | ||
| Q2 25 | $495.4M | $237.2M | ||
| Q1 25 | $686.4M | $298.5M | ||
| Q4 24 | $539.8M | $293.5M | ||
| Q3 24 | $340.0M | $274.2M | ||
| Q2 24 | $445.5M | $301.1M | ||
| Q1 24 | $456.2M | $348.7M |
自由现金流NISNA
| Q4 25 | $-133.7M | $254.6M | ||
| Q3 25 | $-172.6M | $258.0M | ||
| Q2 25 | $-162.8M | $217.5M | ||
| Q1 25 | $49.1M | $275.6M | ||
| Q4 24 | $-220.2M | $275.4M | ||
| Q3 24 | $-294.7M | $253.8M | ||
| Q2 24 | $-184.3M | $277.9M | ||
| Q1 24 | $-133.3M | $326.9M |
自由现金流率NISNA
| Q4 25 | -7.1% | 20.8% | ||
| Q3 25 | -13.9% | 21.8% | ||
| Q2 25 | -13.1% | 18.6% | ||
| Q1 25 | 2.3% | 24.3% | ||
| Q4 24 | -14.3% | 23.1% | ||
| Q3 24 | -28.2% | 22.3% | ||
| Q2 24 | -17.5% | 23.7% | ||
| Q1 24 | -8.1% | 27.8% |
资本支出强度NISNA
| Q4 25 | 44.9% | 1.1% | ||
| Q3 25 | 51.6% | 1.7% | ||
| Q2 25 | 52.8% | 1.7% | ||
| Q1 25 | 29.6% | 2.0% | ||
| Q4 24 | 49.4% | 1.5% | ||
| Q3 24 | 60.7% | 1.8% | ||
| Q2 24 | 59.7% | 2.0% | ||
| Q1 24 | 35.9% | 1.9% |
现金转化率NISNA
| Q4 25 | 2.76× | 1.03× | ||
| Q3 25 | 4.94× | 1.05× | ||
| Q2 25 | 4.85× | 0.95× | ||
| Q1 25 | 1.45× | 1.24× | ||
| Q4 24 | 2.41× | 1.14× | ||
| Q3 24 | 3.97× | 1.09× | ||
| Q2 24 | 5.19× | 1.11× | ||
| Q1 24 | 1.25× | 1.32× |
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% |
SNA
暂无分部数据
