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PG&E Corporation（PCG）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是PG&E Corporation的1.1倍（$7.4B vs $6.9B），美国合众银行净利率更高（27.8% vs 12.9%，领先14.9%），PG&E Corporation同比增速更快（15.0% vs 5.1%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
PCG vs USB — 直观对比
营收规模更大
USB
是对方的1.1倍
$6.9B
营收增速更快
PCG
高出9.9%
5.1%
净利率更高
USB
高出14.9%
12.9%
两年增速更快
PCG
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $7.4B |
| 净利润 | $885.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 21.4% | 34.4% |
| 净利率 | 12.9% | 27.8% |
| 营收同比 | 15.0% | 5.1% |
| 净利润同比 | 39.6% | 23.0% |
| 每股收益（稀释后） | $0.39 | $1.26 |
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PCGUSB
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $7.4B | ||
| Q3 25 | $6.3B | $7.3B | ||
| Q2 25 | $5.9B | $7.0B | ||
| Q1 25 | $6.0B | $7.0B | ||
| Q4 24 | $6.6B | $7.0B | ||
| Q3 24 | $5.9B | $6.9B | ||
| Q2 24 | $6.0B | $6.9B |
净利润PCGUSB
| Q1 26 | $885.0M | — | ||
| Q4 25 | $670.0M | $2.0B | ||
| Q3 25 | $850.0M | $2.0B | ||
| Q2 25 | $549.0M | $1.8B | ||
| Q1 25 | $634.0M | $1.7B | ||
| Q4 24 | $674.0M | $1.7B | ||
| Q3 24 | $579.0M | $1.7B | ||
| Q2 24 | $524.0M | $1.6B |
营业利润率PCGUSB
| Q1 26 | 21.4% | — | ||
| Q4 25 | 18.0% | 34.4% | ||
| Q3 25 | 19.3% | 34.5% | ||
| Q2 25 | 18.6% | 32.7% | ||
| Q1 25 | 20.4% | 31.0% | ||
| Q4 24 | 15.4% | 30.1% | ||
| Q3 24 | 17.3% | 30.2% | ||
| Q2 24 | 18.9% | 29.9% |
净利率PCGUSB
| Q1 26 | 12.9% | — | ||
| Q4 25 | 9.8% | 27.8% | ||
| Q3 25 | 13.6% | 27.3% | ||
| Q2 25 | 9.3% | 25.9% | ||
| Q1 25 | 10.6% | 24.6% | ||
| Q4 24 | 10.2% | 23.7% | ||
| Q3 24 | 9.7% | 25.0% | ||
| Q2 24 | 8.8% | 23.3% |
每股收益（稀释后）PCGUSB
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.29 | $1.26 | ||
| Q3 25 | $0.37 | $1.22 | ||
| Q2 25 | $0.24 | $1.11 | ||
| Q1 25 | $0.28 | $1.03 | ||
| Q4 24 | $0.30 | $1.01 | ||
| Q3 24 | $0.27 | $1.03 | ||
| Q2 24 | $0.24 | $0.97 |
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 | — | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $65.2B |
| 总资产 | — | $692.3B |
| 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PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | $713.0M | — | ||
| Q3 25 | $404.0M | — | ||
| Q2 25 | $494.0M | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $940.0M | — | ||
| Q3 24 | $895.0M | — | ||
| Q2 24 | $1.3B | — |
总债务PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | $57.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $53.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | $32.5B | $65.2B | ||
| Q3 25 | $32.0B | $63.3B | ||
| Q2 25 | $31.2B | $61.4B | ||
| Q1 25 | $30.7B | $60.1B | ||
| Q4 24 | $30.1B | $58.6B | ||
| Q3 24 | $26.8B | $58.9B | ||
| Q2 24 | $26.3B | $56.4B |
总资产PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | $141.6B | $692.3B | ||
| Q3 25 | $138.2B | $695.4B | ||
| Q2 25 | $136.4B | $686.4B | ||
| Q1 25 | $135.4B | $676.5B | ||
| Q4 24 | $133.7B | $678.3B | ||
| Q3 24 | $132.3B | $686.5B | ||
| Q2 24 | $130.8B | $680.1B |
负债/权益比PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | 1.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $2.8B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 1.39× |
| 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PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $2.8B | ||
| Q3 25 | $2.9B | $3.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $2.8B | $-285.0M | ||
| Q4 24 | $1.9B | $4.8B | ||
| Q3 24 | $3.1B | $972.0M | ||
| Q2 24 | $711.0M | $2.9B |
自由现金流PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-80.0M | — | ||
| Q2 25 | $-2.0B | — | ||
| Q1 25 | $213.0M | — | ||
| Q4 24 | $-896.0M | — | ||
| Q3 24 | $526.0M | — | ||
| Q2 24 | $-1.6B | — |
自由现金流率PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | — | ||
| Q3 25 | -1.3% | — | ||
| Q2 25 | -34.0% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | -26.5% | — |
资本支出强度PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | — | ||
| Q3 25 | 46.9% | — | ||
| Q2 25 | 52.0% | — | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 42.6% | — | ||
| Q3 24 | 43.8% | — | ||
| Q2 24 | 38.4% | — |
现金转化率PCGUSB
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | 1.39× | ||
| Q3 25 | 3.35× | 1.69× | ||
| Q2 25 | 1.93× | 1.12× | ||
| Q1 25 | 4.49× | -0.17× | ||
| Q4 24 | 2.87× | 2.87× | ||
| Q3 24 | 5.41× | 0.57× | ||
| Q2 24 | 1.36× | 1.79× |
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% |
USB
暂无分部数据
