vs
美国电力公司（NPWR）与PLUG POWER INC（PLUG）财务数据对比。点击上方公司名可切换其他公司
美国电力公司自由现金流更多（$-45.9M vs $-153.0M）
该公司为美国电力企业，是美国国内规模最大的电力公用事业公司之一，服务覆盖全美11个州，拥有超过500万客户，主要为境内用户提供电力相关公用服务。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
NPWR vs PLUG — 直观对比
营收规模更大
PLUG
是对方的Infinity倍
$0
自由现金流更多
NPWR
多$107.1M
$-153.0M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $0 | $225.2M |
| 净利润 | $-19.6M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | — | -338.9% |
| 净利率 | — | -375.6% |
| 营收同比 | — | 17.6% |
| 净利润同比 | 42.8% | 36.7% |
| 每股收益（稀释后） | $-0.15 | $-0.70 |
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NPWRPLUG
| Q4 25 | $0 | $225.2M | ||
| Q3 25 | $0 | $177.1M | ||
| Q2 25 | $0 | $174.0M | ||
| Q1 25 | $0 | $133.7M | ||
| Q4 24 | $0 | $191.5M | ||
| Q3 24 | $12.0K | $173.7M | ||
| Q2 24 | $238.0K | $143.3M | ||
| Q1 24 | $0 | $120.3M |
净利润NPWRPLUG
| Q4 25 | $-19.6M | $-846.0M | ||
| Q3 25 | $-411.5M | $-361.9M | ||
| Q2 25 | $-28.1M | $-227.1M | ||
| Q1 25 | $-119.3M | $-196.7M | ||
| Q4 24 | $-34.3M | $-1.3B | ||
| Q3 24 | $818.0K | $-211.2M | ||
| Q2 24 | $-4.3M | $-262.3M | ||
| Q1 24 | $-11.4M | $-295.8M |
毛利率NPWRPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | 91.7% | -57.6% | ||
| Q2 24 | 87.4% | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率NPWRPLUG
| Q4 25 | — | -338.9% | ||
| Q3 25 | — | -197.0% | ||
| Q2 25 | — | -101.7% | ||
| Q1 25 | — | -133.5% | ||
| Q4 24 | — | -678.7% | ||
| Q3 24 | -393708.3% | -124.4% | ||
| Q2 24 | -18846.2% | -170.7% | ||
| Q1 24 | — | -215.7% |
净利率NPWRPLUG
| Q4 25 | — | -375.6% | ||
| Q3 25 | — | -204.4% | ||
| Q2 25 | — | -130.5% | ||
| Q1 25 | — | -147.1% | ||
| Q4 24 | — | -697.5% | ||
| Q3 24 | 6816.7% | -121.5% | ||
| Q2 24 | -1793.3% | -183.0% | ||
| Q1 24 | — | -245.9% |
每股收益（稀释后）NPWRPLUG
| Q4 25 | $-0.15 | $-0.70 | ||
| Q3 25 | $-5.28 | $-0.31 | ||
| Q2 25 | $-0.36 | $-0.20 | ||
| Q1 25 | $-1.55 | $-0.21 | ||
| Q4 24 | $-0.46 | $-1.61 | ||
| Q3 24 | $0.01 | $-0.25 | ||
| Q2 24 | $-0.06 | $-0.36 | ||
| Q1 24 | $-0.16 | $-0.46 |
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 | $199.4M | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $203.9M | $978.1M |
| 总资产 | $599.7M | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NPWRPLUG
| Q4 25 | $199.4M | $368.5M | ||
| Q3 25 | $229.3M | $165.9M | ||
| Q2 25 | $284.0M | $140.7M | ||
| Q1 25 | $300.0M | $295.8M | ||
| Q4 24 | $329.2M | $205.7M | ||
| Q3 24 | $386.3M | $93.9M | ||
| Q2 24 | $405.1M | $62.4M | ||
| Q1 24 | $428.6M | $172.9M |
总债务NPWRPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $3.8M |
股东权益NPWRPLUG
| Q4 25 | $203.9M | $978.1M | ||
| Q3 25 | $143.8M | $1.4B | ||
| Q2 25 | $616.2M | $1.7B | ||
| Q1 25 | $637.2M | $1.9B | ||
| Q4 24 | $655.6M | $1.7B | ||
| Q3 24 | $767.5M | $3.0B | ||
| Q2 24 | $730.5M | $3.0B | ||
| Q1 24 | $659.8M | $2.9B |
总资产NPWRPLUG
| Q4 25 | $599.7M | $2.6B | ||
| Q3 25 | $629.9M | $3.1B | ||
| Q2 25 | $1.8B | $3.4B | ||
| Q1 25 | $1.8B | $3.6B | ||
| Q4 24 | $2.3B | $3.6B | ||
| Q3 24 | $2.3B | $4.7B | ||
| Q2 24 | $2.4B | $4.8B | ||
| Q1 24 | $2.4B | $4.8B |
负债/权益比NPWRPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-27.8M | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $-45.9M | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-154.0M | $-647.0M |
8季度趋势，按日历期对齐
经营现金流NPWRPLUG
| Q4 25 | $-27.8M | $-148.6M | ||
| Q3 25 | $-48.0M | $-89.8M | ||
| Q2 25 | $-24.6M | $-191.8M | ||
| Q1 25 | $-20.4M | $-105.6M | ||
| Q4 24 | $-13.0M | $-131.2M | ||
| Q3 24 | $-7.8M | $-174.9M | ||
| Q2 24 | $-8.2M | $-254.7M | ||
| Q1 24 | $-2.7M | $-167.7M |
自由现金流NPWRPLUG
| Q4 25 | $-45.9M | $-153.0M | ||
| Q3 25 | $-51.1M | $-117.5M | ||
| Q2 25 | $-27.7M | $-230.4M | ||
| Q1 25 | $-29.3M | $-146.0M | ||
| Q4 24 | $-42.1M | $-165.2M | ||
| Q3 24 | $-30.1M | $-234.2M | ||
| Q2 24 | $-15.9M | $-356.0M | ||
| Q1 24 | $-12.2M | $-260.3M |
自由现金流率NPWRPLUG
| Q4 25 | — | -67.9% | ||
| Q3 25 | — | -66.4% | ||
| Q2 25 | — | -132.5% | ||
| Q1 25 | — | -109.2% | ||
| Q4 24 | — | -86.3% | ||
| Q3 24 | -251091.7% | -134.8% | ||
| Q2 24 | -6691.6% | -248.4% | ||
| Q1 24 | — | -216.5% |
资本支出强度NPWRPLUG
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | 185733.3% | 34.1% | ||
| Q2 24 | 3257.1% | 70.7% | ||
| Q1 24 | — | 77.0% |
现金转化率NPWRPLUG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -9.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
NPWR
暂无分部数据
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
