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Otter Tail Corp（OTTR）与TXNM ENERGY INC（TXNM）财务数据对比。点击上方公司名可切换其他公司
TXNM ENERGY INC的季度营收约是Otter Tail Corp的1.6倍（$506.4M vs $308.1M），Otter Tail Corp净利率更高（16.8% vs -1.0%，领先17.8%），TXNM ENERGY INC同比增速更快（5.3% vs 1.6%），Otter Tail Corp自由现金流更多（$22.3M vs $-152.1M），过去两年TXNM ENERGY INC的营收复合增速更高（8.4% vs -5.8%）
Otter Tail公司是总部位于美国明尼苏达州弗格斯福尔斯的电力与制造企业，旗下拥有Otter Tail电力公司、BTD制造、T.O.塑料、北方管道产品以及Vinyltech等多家子公司，业务覆盖电力供应及多元制造领域。
TXNM能源是总部位于美国新墨西哥州阿尔伯克基的能源控股企业，创立于1917年，前身为阿尔伯克基燃气电力公司，旗下拥有PNM、得克萨斯-新墨西哥电力公司（TNMP）两大运营主体，核心业务覆盖能源供应及相关公用事业服务领域。
OTTR vs TXNM — 直观对比
营收规模更大
TXNM
是对方的1.6倍
$308.1M
营收增速更快
TXNM
高出3.6%
1.6%
净利率更高
OTTR
高出17.8%
-1.0%
自由现金流更多
OTTR
多$174.4M
$-152.1M
两年增速更快
TXNM
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $308.1M | $506.4M |
| 净利润 | $51.8M | $-5.3M |
| 毛利率 | — | — |
| 营业利润率 | 21.9% | 18.5% |
| 净利率 | 16.8% | -1.0% |
| 营收同比 | 1.6% | 5.3% |
| 净利润同比 | -5.6% | -126.4% |
| 每股收益（稀释后） | $1.22 | $-0.06 |
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OTTRTXNM
| Q4 25 | $308.1M | $506.4M | ||
| Q3 25 | $325.6M | $656.3M | ||
| Q2 25 | $333.0M | $493.8M | ||
| Q1 25 | $337.4M | $480.4M | ||
| Q4 24 | $303.1M | $481.0M | ||
| Q3 24 | $338.0M | $574.3M | ||
| Q2 24 | $342.3M | $473.2M | ||
| Q1 24 | $347.1M | $431.1M |
净利润OTTRTXNM
| Q4 25 | $51.8M | $-5.3M | ||
| Q3 25 | $78.3M | $136.3M | ||
| Q2 25 | $77.7M | $26.0M | ||
| Q1 25 | $68.1M | $12.8M | ||
| Q4 24 | $54.9M | $20.0M | ||
| Q3 24 | $85.5M | $136.4M | ||
| Q2 24 | $87.0M | $52.0M | ||
| Q1 24 | $74.3M | $50.4M |
毛利率OTTRTXNM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 51.8% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 40.8% |
营业利润率OTTRTXNM
| Q4 25 | 21.9% | 18.5% | ||
| Q3 25 | 29.7% | 30.9% | ||
| Q2 25 | 29.3% | 14.7% | ||
| Q1 25 | 24.9% | 15.0% | ||
| Q4 24 | 22.0% | 15.8% | ||
| Q3 24 | 31.8% | 33.3% | ||
| Q2 24 | 32.4% | 22.3% | ||
| Q1 24 | 27.4% | 18.7% |
净利率OTTRTXNM
| Q4 25 | 16.8% | -1.0% | ||
| Q3 25 | 24.0% | 20.8% | ||
| Q2 25 | 23.3% | 5.3% | ||
| Q1 25 | 20.2% | 2.7% | ||
| Q4 24 | 18.1% | 4.2% | ||
| Q3 24 | 25.3% | 23.7% | ||
| Q2 24 | 25.4% | 11.0% | ||
| Q1 24 | 21.4% | 11.7% |
每股收益（稀释后）OTTRTXNM
| Q4 25 | $1.22 | $-0.06 | ||
| Q3 25 | $1.86 | $1.22 | ||
| Q2 25 | $1.85 | $0.22 | ||
| Q1 25 | $1.62 | $0.10 | ||
| Q4 24 | $1.30 | $0.17 | ||
| Q3 24 | $2.03 | $1.45 | ||
| Q2 24 | $2.07 | $0.53 | ||
| Q1 24 | $1.77 | $0.52 |
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 | $440.5M | $18.3M |
| 总债务越低越好 | $963.6M | — |
| 股东权益账面价值 | $1.9B | $3.4B |
| 总资产 | $4.0B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资OTTRTXNM
| Q4 25 | $440.5M | $18.3M | ||
| Q3 25 | $379.7M | $32.1M | ||
| Q2 25 | $307.2M | $22.2M | ||
| Q1 25 | $284.8M | $6.1M | ||
| Q4 24 | $295.4M | $4.5M | ||
| Q3 24 | $280.0M | $7.2M | ||
| Q2 24 | $230.7M | $3.2M | ||
| Q1 24 | $238.2M | $3.0M |
总债务OTTRTXNM
| Q4 25 | $963.6M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $993.5M | — | ||
| Q4 24 | $943.7M | — | ||
| Q3 24 | $947.0M | — | ||
| Q2 24 | $947.0M | — | ||
| Q1 24 | $947.0M | — |
股东权益OTTRTXNM
| Q4 25 | $1.9B | $3.4B | ||
| Q3 25 | $1.8B | $3.4B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.5B | $2.4B |
总资产OTTRTXNM
| Q4 25 | $4.0B | $12.1B | ||
| Q3 25 | $3.8B | $12.0B | ||
| Q2 25 | $3.8B | $11.7B | ||
| Q1 25 | $3.7B | $11.4B | ||
| Q4 24 | $3.7B | $11.2B | ||
| Q3 24 | $3.6B | $10.8B | ||
| Q2 24 | $3.5B | $10.6B | ||
| Q1 24 | $3.3B | $10.3B |
负债/权益比OTTRTXNM
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.57× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.63× | — |
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 | $97.0M | $157.7M |
| 自由现金流经营现金流 - 资本支出 | $22.3M | $-152.1M |
| 自由现金流率自由现金流/营收 | 7.2% | -30.0% |
| 资本支出强度资本支出/营收 | 24.3% | 61.2% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $97.9M | $-611.4M |
8季度趋势，按日历期对齐
经营现金流OTTRTXNM
| Q4 25 | $97.0M | $157.7M | ||
| Q3 25 | $129.6M | $282.0M | ||
| Q2 25 | $119.9M | $3.5M | ||
| Q1 25 | $39.5M | $141.3M | ||
| Q4 24 | $130.0M | $158.6M | ||
| Q3 24 | $99.3M | $180.0M | ||
| Q2 24 | $151.5M | $76.7M | ||
| Q1 24 | $71.9M | $92.8M |
自由现金流OTTRTXNM
| Q4 25 | $22.3M | $-152.1M | ||
| Q3 25 | $40.5M | $4.7M | ||
| Q2 25 | $53.7M | $-262.6M | ||
| Q1 25 | $-18.5M | $-201.4M | ||
| Q4 24 | $31.1M | $-182.9M | ||
| Q3 24 | $15.1M | $-143.7M | ||
| Q2 24 | $50.1M | $-216.0M | ||
| Q1 24 | $-2.1M | $-196.3M |
自由现金流率OTTRTXNM
| Q4 25 | 7.2% | -30.0% | ||
| Q3 25 | 12.4% | 0.7% | ||
| Q2 25 | 16.1% | -53.2% | ||
| Q1 25 | -5.5% | -41.9% | ||
| Q4 24 | 10.2% | -38.0% | ||
| Q3 24 | 4.5% | -25.0% | ||
| Q2 24 | 14.6% | -45.6% | ||
| Q1 24 | -0.6% | -45.5% |
资本支出强度OTTRTXNM
| Q4 25 | 24.3% | 61.2% | ||
| Q3 25 | 27.4% | 42.3% | ||
| Q2 25 | 19.9% | 53.9% | ||
| Q1 25 | 17.2% | 71.3% | ||
| Q4 24 | 32.6% | 71.0% | ||
| Q3 24 | 24.9% | 56.4% | ||
| Q2 24 | 29.6% | 61.9% | ||
| Q1 24 | 21.3% | 67.1% |
现金转化率OTTRTXNM
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.65× | 2.07× | ||
| Q2 25 | 1.54× | 0.14× | ||
| Q1 25 | 0.58× | 11.04× | ||
| Q4 24 | 2.37× | 7.93× | ||
| Q3 24 | 1.16× | 1.32× | ||
| Q2 24 | 1.74× | 1.48× | ||
| Q1 24 | 0.97× | 1.84× |
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
OTTR
| Retail Commercial And Industrial | $91.0M | 30% |
| Plastics | $81.2M | 26% |
| Manufacturing | $77.2M | 25% |
| Retail Residential | $35.8M | 12% |
| Electric Transmission | $14.4M | 5% |
| Plastic Products | $9.2M | 3% |
| Electric Product Other | $1.8M | 1% |
TXNM
| Electricity | $348.8M | 69% |
| Other | $89.3M | 18% |
| Electric Transmission Service | $40.4M | 8% |
| Wholesale Energy Sales | $26.2M | 5% |
| Miscellaneous Revenue From Contracts With Customers | $1.7M | 0% |
