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PG&E Corporation（PCG）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
PG&E Corporation的季度营收约是United Rentals的1.7倍（$6.9B vs $4.0B），United Rentals净利率更高（13.3% vs 12.9%，领先0.5%），PG&E Corporation同比增速更快（15.0% vs 7.2%），过去两年United Rentals的营收复合增速更高（114.0% vs 7.2%）
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
PCG vs URI — 直观对比
营收规模更大
PCG
是对方的1.7倍
$4.0B
营收增速更快
PCG
高出7.9%
7.2%
净利率更高
URI
高出0.5%
12.9%
两年增速更快
URI
近两年复合增速
7.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $4.0B |
| 净利润 | $885.0M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 21.4% | 21.8% |
| 净利率 | 12.9% | 13.3% |
| 营收同比 | 15.0% | 7.2% |
| 净利润同比 | 39.6% | 2.5% |
| 每股收益（稀释后） | $0.39 | $8.43 |
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PCGURI
| Q1 26 | $6.9B | $4.0B | ||
| Q4 25 | $6.8B | $992.0M | ||
| Q3 25 | $6.3B | $938.0M | ||
| Q2 25 | $5.9B | $872.0M | ||
| Q1 25 | $6.0B | $893.0M | ||
| Q4 24 | $6.6B | $1.0B | ||
| Q3 24 | $5.9B | $874.0M | ||
| Q2 24 | $6.0B | $870.0M |
净利润PCGURI
| Q1 26 | $885.0M | $531.0M | ||
| Q4 25 | $670.0M | $653.0M | ||
| Q3 25 | $850.0M | $701.0M | ||
| Q2 25 | $549.0M | $622.0M | ||
| Q1 25 | $634.0M | $518.0M | ||
| Q4 24 | $674.0M | $689.0M | ||
| Q3 24 | $579.0M | $708.0M | ||
| Q2 24 | $524.0M | $636.0M |
毛利率PCGURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率PCGURI
| Q1 26 | 21.4% | 21.8% | ||
| Q4 25 | 18.0% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 18.6% | — | ||
| Q1 25 | 20.4% | 90.0% | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 18.9% | — |
净利率PCGURI
| Q1 26 | 12.9% | 13.3% | ||
| Q4 25 | 9.8% | 65.8% | ||
| Q3 25 | 13.6% | 74.7% | ||
| Q2 25 | 9.3% | 71.3% | ||
| Q1 25 | 10.6% | 58.0% | ||
| Q4 24 | 10.2% | 67.6% | ||
| Q3 24 | 9.7% | 81.0% | ||
| Q2 24 | 8.8% | 73.1% |
每股收益（稀释后）PCGURI
| Q1 26 | $0.39 | $8.43 | ||
| Q4 25 | $0.29 | $10.20 | ||
| Q3 25 | $0.37 | $10.91 | ||
| Q2 25 | $0.24 | $9.59 | ||
| Q1 25 | $0.28 | $7.91 | ||
| Q4 24 | $0.30 | $10.41 | ||
| Q3 24 | $0.27 | $10.70 | ||
| Q2 24 | $0.24 | $9.54 |
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 | — | $156.0M |
| 总债务越低越好 | — | $13.9B |
| 股东权益账面价值 | — | $9.0B |
| 总资产 | — | $29.9B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资PCGURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $713.0M | $459.0M | ||
| Q3 25 | $404.0M | $512.0M | ||
| Q2 25 | $494.0M | $548.0M | ||
| Q1 25 | $2.0B | $542.0M | ||
| Q4 24 | $940.0M | $457.0M | ||
| Q3 24 | $895.0M | $479.0M | ||
| Q2 24 | $1.3B | $467.0M |
总债务PCGURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $57.4B | $12.7B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | $53.6B | $12.2B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.5B |
股东权益PCGURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $32.5B | $9.0B | ||
| Q3 25 | $32.0B | $9.0B | ||
| Q2 25 | $31.2B | $9.0B | ||
| Q1 25 | $30.7B | $8.8B | ||
| Q4 24 | $30.1B | $8.6B | ||
| Q3 24 | $26.8B | $8.6B | ||
| Q2 24 | $26.3B | $8.3B |
总资产PCGURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $141.6B | $29.9B | ||
| Q3 25 | $138.2B | $30.1B | ||
| Q2 25 | $136.4B | $29.2B | ||
| Q1 25 | $135.4B | $28.1B | ||
| Q4 24 | $133.7B | $28.2B | ||
| Q3 24 | $132.3B | $28.4B | ||
| Q2 24 | $130.8B | $27.6B |
负债/权益比PCGURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 1.76× | 1.41× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.34× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | 1.78× | 1.42× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 1.39× |
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 | — | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 26.4% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PCGURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $1.9B | $1.0B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $711.0M | $1.3B |
自由现金流PCGURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-80.0M | — | ||
| Q2 25 | $-2.0B | — | ||
| Q1 25 | $213.0M | — | ||
| Q4 24 | $-896.0M | $471.0M | ||
| Q3 24 | $526.0M | $-168.0M | ||
| Q2 24 | $-1.6B | $-263.0M |
自由现金流率PCGURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | -17.6% | — | ||
| Q3 25 | -1.3% | — | ||
| Q2 25 | -34.0% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | -13.5% | 46.2% | ||
| Q3 24 | 8.9% | -19.2% | ||
| Q2 24 | -26.5% | -30.2% |
资本支出强度PCGURI
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | — | ||
| Q3 25 | 46.9% | — | ||
| Q2 25 | 52.0% | — | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 42.6% | 56.6% | ||
| Q3 24 | 43.8% | 157.0% | ||
| Q2 24 | 38.4% | 175.6% |
现金转化率PCGURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 2.93× | 1.92× | ||
| Q3 25 | 3.35× | 1.68× | ||
| Q2 25 | 1.93× | 2.14× | ||
| Q1 25 | 4.49× | 2.75× | ||
| Q4 24 | 2.87× | 1.52× | ||
| Q3 24 | 5.41× | 1.70× | ||
| Q2 24 | 1.36× | 1.99× |
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
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
