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NRG Energy（NRG）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
贝宝的季度营收约是NRG Energy的1.1倍（$8.7B vs $7.7B），贝宝净利率更高（16.6% vs 0.9%，领先15.7%），NRG Energy同比增速更快（13.6% vs 3.7%），贝宝自由现金流更多（$2.2B vs $-175.0M），过去两年贝宝的营收复合增速更高（6.2% vs 2.0%）
NRG Energy是总部位于美国得克萨斯州休斯敦的能源企业，前身为北方州电力公司（后发展为Xcel Energy）的批发业务板块，2000年独立运营。公司业务覆盖能源发电与电力零售，资产组合涵盖天然气、煤炭、石油、核能、风电、公用事业级发电及分布式太阳能发电等多个领域。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
NRG vs PYPL — 直观对比
营收规模更大
PYPL
是对方的1.1倍
$7.7B
营收增速更快
NRG
高出9.9%
3.7%
净利率更高
PYPL
高出15.7%
0.9%
自由现金流更多
PYPL
多$2.4B
$-175.0M
两年增速更快
PYPL
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $8.7B |
| 净利润 | $66.0M | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 17.4% |
| 净利率 | 0.9% | 16.6% |
| 营收同比 | 13.6% | 3.7% |
| 净利润同比 | -89.7% | 28.2% |
| 每股收益（稀释后） | $0.33 | $1.53 |
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NRGPYPL
| Q4 25 | $7.7B | $8.7B | ||
| Q3 25 | $7.5B | $8.4B | ||
| Q2 25 | $6.7B | $8.3B | ||
| Q1 25 | $8.5B | $7.8B | ||
| Q4 24 | $6.8B | $8.4B | ||
| Q3 24 | $7.1B | $7.8B | ||
| Q2 24 | $6.5B | $7.9B | ||
| Q1 24 | $7.4B | $7.7B |
净利润NRGPYPL
| Q4 25 | $66.0M | $1.4B | ||
| Q3 25 | $152.0M | $1.2B | ||
| Q2 25 | $-104.0M | $1.3B | ||
| Q1 25 | $750.0M | $1.3B | ||
| Q4 24 | $643.0M | $1.1B | ||
| Q3 24 | $-767.0M | $1.0B | ||
| Q2 24 | $738.0M | $1.1B | ||
| Q1 24 | $511.0M | $888.0M |
营业利润率NRGPYPL
| Q4 25 | 3.9% | 17.4% | ||
| Q3 25 | 5.5% | 18.1% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | 13.4% | 19.6% | ||
| Q4 24 | 14.1% | 17.2% | ||
| Q3 24 | -11.4% | 17.7% | ||
| Q2 24 | 21.8% | 16.8% | ||
| Q1 24 | 11.8% | 15.2% |
净利率NRGPYPL
| Q4 25 | 0.9% | 16.6% | ||
| Q3 25 | 2.0% | 14.8% | ||
| Q2 25 | -1.6% | 15.2% | ||
| Q1 25 | 8.8% | 16.5% | ||
| Q4 24 | 9.5% | 13.4% | ||
| Q3 24 | -10.8% | 12.9% | ||
| Q2 24 | 11.4% | 14.3% | ||
| Q1 24 | 6.9% | 11.5% |
每股收益（稀释后）NRGPYPL
| Q4 25 | $0.33 | $1.53 | ||
| Q3 25 | $0.69 | $1.30 | ||
| Q2 25 | $-0.62 | $1.29 | ||
| Q1 25 | $3.61 | $1.29 | ||
| Q4 24 | $3.10 | $1.09 | ||
| Q3 24 | $-3.79 | $0.99 | ||
| Q2 24 | $3.37 | $1.08 | ||
| Q1 24 | $2.31 | $0.83 |
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 | $4.7B | $10.4B |
| 总债务越低越好 | $16.4B | — |
| 股东权益账面价值 | $1.7B | $20.3B |
| 总资产 | $29.1B | $80.2B |
| 负债/权益比越低杠杆越低 | 9.76× | — |
8季度趋势，按日历期对齐
现金及短期投资NRGPYPL
| Q4 25 | $4.7B | $10.4B | ||
| Q3 25 | $732.0M | $10.8B | ||
| Q2 25 | $180.0M | $10.0B | ||
| Q1 25 | $693.0M | $11.2B | ||
| Q4 24 | $966.0M | $10.8B | ||
| Q3 24 | $1.1B | $11.9B | ||
| Q2 24 | $376.0M | $13.6B | ||
| Q1 24 | $278.0M | $14.3B |
总债务NRGPYPL
| Q4 25 | $16.4B | — | ||
| Q3 25 | $11.2B | — | ||
| Q2 25 | $9.8B | — | ||
| Q1 25 | $9.8B | — | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $10.4B | — | ||
| Q2 24 | $10.4B | — | ||
| Q1 24 | $9.6B | — |
股东权益NRGPYPL
| Q4 25 | $1.7B | $20.3B | ||
| Q3 25 | $2.0B | $20.2B | ||
| Q2 25 | $2.3B | $20.2B | ||
| Q1 25 | $2.8B | $20.3B | ||
| Q4 24 | $2.5B | $20.4B | ||
| Q3 24 | $2.5B | $20.2B | ||
| Q2 24 | $3.6B | $20.6B | ||
| Q1 24 | $3.3B | $20.7B |
总资产NRGPYPL
| Q4 25 | $29.1B | $80.2B | ||
| Q3 25 | $24.0B | $79.8B | ||
| Q2 25 | $24.1B | $79.8B | ||
| Q1 25 | $25.0B | $81.3B | ||
| Q4 24 | $24.0B | $81.6B | ||
| Q3 24 | $23.7B | $83.5B | ||
| Q2 24 | $25.8B | $84.0B | ||
| Q1 24 | $25.4B | $83.3B |
负债/权益比NRGPYPL
| Q4 25 | 9.76× | — | ||
| Q3 25 | 5.66× | — | ||
| Q2 25 | 4.29× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 4.14× | — | ||
| Q2 24 | 2.88× | — | ||
| Q1 24 | 2.90× | — |
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 | $123.0M | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $-175.0M | $2.2B |
| 自由现金流率自由现金流/营收 | -2.3% | 25.2% |
| 资本支出强度资本支出/营收 | 3.9% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.86× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $766.0M | $5.6B |
8季度趋势，按日历期对齐
经营现金流NRGPYPL
| Q4 25 | $123.0M | $2.4B | ||
| Q3 25 | $484.0M | $2.0B | ||
| Q2 25 | $451.0M | $898.0M | ||
| Q1 25 | $855.0M | $1.2B | ||
| Q4 24 | $952.0M | $2.4B | ||
| Q3 24 | $31.0M | $1.6B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $267.0M | $1.9B |
自由现金流NRGPYPL
| Q4 25 | $-175.0M | $2.2B | ||
| Q3 25 | $230.0M | $1.7B | ||
| Q2 25 | $73.0M | $692.0M | ||
| Q1 25 | $638.0M | $964.0M | ||
| Q4 24 | $766.0M | $2.2B | ||
| Q3 24 | $-83.0M | $1.4B | ||
| Q2 24 | $953.0M | $1.4B | ||
| Q1 24 | $198.0M | $1.8B |
自由现金流率NRGPYPL
| Q4 25 | -2.3% | 25.2% | ||
| Q3 25 | 3.1% | 20.4% | ||
| Q2 25 | 1.1% | 8.3% | ||
| Q1 25 | 7.5% | 12.4% | ||
| Q4 24 | 11.3% | 26.2% | ||
| Q3 24 | -1.2% | 18.4% | ||
| Q2 24 | 14.7% | 17.3% | ||
| Q1 24 | 2.7% | 22.9% |
资本支出强度NRGPYPL
| Q4 25 | 3.9% | 2.2% | ||
| Q3 25 | 3.4% | 3.0% | ||
| Q2 25 | 5.7% | 2.5% | ||
| Q1 25 | 2.6% | 2.5% | ||
| Q4 24 | 2.8% | 2.4% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 1.6% | 2.0% | ||
| Q1 24 | 0.9% | 2.0% |
现金转化率NRGPYPL
| Q4 25 | 1.86× | 1.66× | ||
| Q3 25 | 3.18× | 1.58× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | 1.14× | 0.90× | ||
| Q4 24 | 1.48× | 2.14× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | 1.43× | 1.35× | ||
| Q1 24 | 0.52× | 2.16× |
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
NRG
暂无分部数据
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
