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NiSource（NI）与UGI CORP（UGI）财务数据对比。点击上方公司名可切换其他公司
UGI CORP的季度营收约是NiSource的1.1倍（$2.1B vs $1.9B），UGI CORP净利率更高（14.4% vs 13.7%，领先0.7%），NiSource同比增速更快（22.5% vs 3.9%），NiSource自由现金流更多（$-133.7M vs $-155.0M），过去两年NiSource的营收复合增速更高（7.2% vs -7.5%）
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。
UGI公司是总部位于美国宾夕法尼亚州普鲁士王市的能源企业，主营天然气与电力配送业务，布局覆盖范围广泛，在美国本土及欧洲地区均拥有成熟运营网络，为当地用户提供稳定可靠的能源配送服务。
NI vs UGI — 直观对比
营收规模更大
UGI
是对方的1.1倍
$1.9B
营收增速更快
NI
高出18.7%
3.9%
净利率更高
UGI
高出0.7%
13.7%
自由现金流更多
NI
多$21.3M
$-155.0M
两年增速更快
NI
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.1B |
| 净利润 | $257.8M | $297.0M |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | 22.0% |
| 净利率 | 13.7% | 14.4% |
| 营收同比 | 22.5% | 3.9% |
| 净利润同比 | 15.1% | -20.8% |
| 每股收益（稀释后） | $0.53 | $1.34 |
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NIUGI
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $1.5B | $2.0B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.6B | $2.4B |
净利润NIUGI
| Q4 25 | $257.8M | $297.0M | ||
| Q3 25 | $94.7M | $-13.0M | ||
| Q2 25 | $102.2M | $-163.0M | ||
| Q1 25 | $474.8M | $479.0M | ||
| Q4 24 | $223.9M | $375.0M | ||
| Q3 24 | $85.7M | $-273.0M | ||
| Q2 24 | $85.8M | $-48.0M | ||
| Q1 24 | $365.0M | $496.0M |
营业利润率NIUGI
| Q4 25 | 27.3% | 22.0% | ||
| Q3 25 | 24.0% | 1.1% | ||
| Q2 25 | 21.1% | -6.8% | ||
| Q1 25 | 35.3% | 26.6% | ||
| Q4 24 | 27.1% | 24.5% | ||
| Q3 24 | 20.9% | -20.4% | ||
| Q2 24 | 22.5% | 5.0% | ||
| Q1 24 | 35.5% | 29.7% |
净利率NIUGI
| Q4 25 | 13.7% | 14.4% | ||
| Q3 25 | 7.6% | -1.1% | ||
| Q2 25 | 8.2% | -12.0% | ||
| Q1 25 | 22.1% | 18.2% | ||
| Q4 24 | 14.5% | 18.9% | ||
| Q3 24 | 8.2% | -22.6% | ||
| Q2 24 | 8.1% | -3.6% | ||
| Q1 24 | 22.2% | 20.6% |
每股收益（稀释后）NIUGI
| Q4 25 | $0.53 | $1.34 | ||
| Q3 25 | $0.20 | $-0.08 | ||
| Q2 25 | $0.22 | $-0.76 | ||
| Q1 25 | $1.00 | $2.19 | ||
| Q4 24 | $0.47 | $1.74 | ||
| Q3 24 | $0.19 | $-1.26 | ||
| Q2 24 | $0.19 | $-0.23 | ||
| Q1 24 | $0.77 | $2.30 |
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 | $251.0M |
| 总债务越低越好 | $15.5B | $6.0B |
| 股东权益账面价值 | $9.5B | $5.0B |
| 总资产 | $35.9B | $15.8B |
| 负债/权益比越低杠杆越低 | 1.64× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资NIUGI
| Q4 25 | $110.1M | $251.0M | ||
| Q3 25 | $95.0M | $335.0M | ||
| Q2 25 | $335.4M | $350.0M | ||
| Q1 25 | $259.4M | $426.0M | ||
| Q4 24 | $156.6M | $240.0M | ||
| Q3 24 | $126.2M | $213.0M | ||
| Q2 24 | $101.2M | $183.0M | ||
| Q1 24 | $102.2M | $263.0M |
总债务NIUGI
| Q4 25 | $15.5B | $6.0B | ||
| Q3 25 | $14.5B | $6.5B | ||
| Q2 25 | $14.5B | $5.7B | ||
| Q1 25 | $12.8B | $6.6B | ||
| Q4 24 | $12.1B | $6.6B | ||
| Q3 24 | $12.1B | $6.4B | ||
| Q2 24 | $12.8B | $6.3B | ||
| Q1 24 | $11.7B | $6.7B |
股东权益NIUGI
| Q4 25 | $9.5B | $5.0B | ||
| Q3 25 | $9.1B | $4.8B | ||
| Q2 25 | $8.9B | $4.9B | ||
| Q1 25 | $8.9B | $5.0B | ||
| Q4 24 | $8.7B | $4.6B | ||
| Q3 24 | $8.3B | $4.3B | ||
| Q2 24 | $7.9B | $4.7B | ||
| Q1 24 | $7.9B | $4.8B |
总资产NIUGI
| Q4 25 | $35.9B | $15.8B | ||
| Q3 25 | $34.4B | $15.5B | ||
| Q2 25 | $34.0B | $15.4B | ||
| Q1 25 | $33.1B | $15.7B | ||
| Q4 24 | $31.8B | $15.4B | ||
| Q3 24 | $30.8B | $15.1B | ||
| Q2 24 | $29.9B | $15.1B | ||
| Q1 24 | $29.3B | $15.6B |
负债/权益比NIUGI
| Q4 25 | 1.64× | 1.19× | ||
| Q3 25 | 1.59× | 1.37× | ||
| Q2 25 | 1.63× | 1.17× | ||
| Q1 25 | 1.44× | 1.32× | ||
| Q4 24 | 1.39× | 1.44× | ||
| Q3 24 | 1.45× | 1.48× | ||
| Q2 24 | 1.63× | 1.34× | ||
| Q1 24 | 1.48× | 1.40× |
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 | $66.0M |
| 自由现金流经营现金流 - 资本支出 | $-133.7M | $-155.0M |
| 自由现金流率自由现金流/营收 | -7.1% | -7.5% |
| 资本支出强度资本支出/营收 | 44.9% | 10.7% |
| 现金转化率经营现金流/净利润 | 2.76× | 0.22× |
| 过去12个月自由现金流最近4个季度 | $-420.0M | $282.0M |
8季度趋势，按日历期对齐
经营现金流NIUGI
| Q4 25 | $712.6M | $66.0M | ||
| Q3 25 | $467.9M | $90.0M | ||
| Q2 25 | $495.4M | $289.0M | ||
| Q1 25 | $686.4M | $684.0M | ||
| Q4 24 | $539.8M | $164.0M | ||
| Q3 24 | $340.0M | $151.0M | ||
| Q2 24 | $445.5M | $390.0M | ||
| Q1 24 | $456.2M | $522.0M |
自由现金流NIUGI
| Q4 25 | $-133.7M | $-155.0M | ||
| Q3 25 | $-172.6M | $-168.0M | ||
| Q2 25 | $-162.8M | $67.0M | ||
| Q1 25 | $49.1M | $538.0M | ||
| Q4 24 | $-220.2M | $-47.0M | ||
| Q3 24 | $-294.7M | $-115.0M | ||
| Q2 24 | $-184.3M | $185.0M | ||
| Q1 24 | $-133.3M | $353.0M |
自由现金流率NIUGI
| Q4 25 | -7.1% | -7.5% | ||
| Q3 25 | -13.9% | -14.4% | ||
| Q2 25 | -13.1% | 4.9% | ||
| Q1 25 | 2.3% | 20.4% | ||
| Q4 24 | -14.3% | -2.4% | ||
| Q3 24 | -28.2% | -9.5% | ||
| Q2 24 | -17.5% | 13.7% | ||
| Q1 24 | -8.1% | 14.6% |
资本支出强度NIUGI
| Q4 25 | 44.9% | 10.7% | ||
| Q3 25 | 51.6% | 22.1% | ||
| Q2 25 | 52.8% | 16.3% | ||
| Q1 25 | 29.6% | 5.5% | ||
| Q4 24 | 49.4% | 10.6% | ||
| Q3 24 | 60.7% | 22.0% | ||
| Q2 24 | 59.7% | 15.2% | ||
| Q1 24 | 35.9% | 7.0% |
现金转化率NIUGI
| Q4 25 | 2.76× | 0.22× | ||
| Q3 25 | 4.94× | — | ||
| Q2 25 | 4.85× | — | ||
| Q1 25 | 1.45× | 1.43× | ||
| Q4 24 | 2.41× | 0.44× | ||
| Q3 24 | 3.97× | — | ||
| Q2 24 | 5.19× | — | ||
| Q1 24 | 1.25× | 1.05× |
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% |
UGI
暂无分部数据
