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PG&E Corporation（PCG）与US Foods Holding Corp.（USFD）财务数据对比。点击上方公司名可切换其他公司
US Foods Holding Corp.的季度营收约是PG&E Corporation的1.4倍（$9.8B vs $6.9B），PG&E Corporation净利率更高（12.9% vs 1.9%，领先11.0%），PG&E Corporation同比增速更快（15.0% vs 3.3%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs 4.6%）
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。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
PCG vs USFD — 直观对比
营收规模更大
USFD
是对方的1.4倍
$6.9B
营收增速更快
PCG
高出11.8%
3.3%
净利率更高
PCG
高出11.0%
1.9%
两年增速更快
PCG
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $9.8B |
| 净利润 | $885.0M | $184.0M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 21.4% | 3.3% |
| 净利率 | 12.9% | 1.9% |
| 营收同比 | 15.0% | 3.3% |
| 净利润同比 | 39.6% | 178.8% |
| 每股收益（稀释后） | $0.39 | $0.82 |
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PCGUSFD
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $9.8B | ||
| Q3 25 | $6.3B | $10.2B | ||
| Q2 25 | $5.9B | $10.1B | ||
| Q1 25 | $6.0B | $9.4B | ||
| Q4 24 | $6.6B | $9.5B | ||
| Q3 24 | $5.9B | $9.7B | ||
| Q2 24 | $6.0B | $9.7B |
净利润PCGUSFD
| Q1 26 | $885.0M | — | ||
| Q4 25 | $670.0M | $184.0M | ||
| Q3 25 | $850.0M | $153.0M | ||
| Q2 25 | $549.0M | $224.0M | ||
| Q1 25 | $634.0M | $115.0M | ||
| Q4 24 | $674.0M | $66.0M | ||
| Q3 24 | $579.0M | $148.0M | ||
| Q2 24 | $524.0M | $198.0M |
毛利率PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 17.6% |
营业利润率PCGUSFD
| Q1 26 | 21.4% | — | ||
| Q4 25 | 18.0% | 3.3% | ||
| Q3 25 | 19.3% | 2.8% | ||
| Q2 25 | 18.6% | 3.7% | ||
| Q1 25 | 20.4% | 2.4% | ||
| Q4 24 | 15.4% | 3.2% | ||
| Q3 24 | 17.3% | 2.9% | ||
| Q2 24 | 18.9% | 3.6% |
净利率PCGUSFD
| Q1 26 | 12.9% | — | ||
| Q4 25 | 9.8% | 1.9% | ||
| Q3 25 | 13.6% | 1.5% | ||
| Q2 25 | 9.3% | 2.2% | ||
| Q1 25 | 10.6% | 1.2% | ||
| Q4 24 | 10.2% | 0.7% | ||
| Q3 24 | 9.7% | 1.5% | ||
| Q2 24 | 8.8% | 2.0% |
每股收益（稀释后）PCGUSFD
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.29 | $0.82 | ||
| Q3 25 | $0.37 | $0.67 | ||
| Q2 25 | $0.24 | $0.96 | ||
| Q1 25 | $0.28 | $0.49 | ||
| Q4 24 | $0.30 | $0.28 | ||
| Q3 24 | $0.27 | $0.61 | ||
| Q2 24 | $0.24 | $0.80 |
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 | — | $41.0M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | — | $13.9B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | $713.0M | $41.0M | ||
| Q3 25 | $404.0M | $56.0M | ||
| Q2 25 | $494.0M | $61.0M | ||
| Q1 25 | $2.0B | $101.0M | ||
| Q4 24 | $940.0M | $59.0M | ||
| Q3 24 | $895.0M | $81.0M | ||
| Q2 24 | $1.3B | $405.0M |
总债务PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | $57.4B | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $53.6B | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B |
股东权益PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | $32.5B | $4.3B | ||
| Q3 25 | $32.0B | $4.5B | ||
| Q2 25 | $31.2B | $4.6B | ||
| Q1 25 | $30.7B | $4.6B | ||
| Q4 24 | $30.1B | $4.5B | ||
| Q3 24 | $26.8B | $4.6B | ||
| Q2 24 | $26.3B | $5.0B |
总资产PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | $141.6B | $13.9B | ||
| Q3 25 | $138.2B | $14.0B | ||
| Q2 25 | $136.4B | $13.8B | ||
| Q1 25 | $135.4B | $13.7B | ||
| Q4 24 | $133.7B | $13.4B | ||
| Q3 24 | $132.3B | $13.5B | ||
| Q2 24 | $130.8B | $13.7B |
负债/权益比PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.76× | 1.18× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | 1.78× | 1.06× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 0.92× |
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 | — | $293.0M |
| 自由现金流经营现金流 - 资本支出 | — | $159.0M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.59× |
| 过去12个月自由现金流最近4个季度 | — | $959.0M |
8季度趋势，按日历期对齐
经营现金流PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $293.0M | ||
| Q3 25 | $2.9B | $351.0M | ||
| Q2 25 | $1.1B | $334.0M | ||
| Q1 25 | $2.8B | $391.0M | ||
| Q4 24 | $1.9B | $283.0M | ||
| Q3 24 | $3.1B | $270.0M | ||
| Q2 24 | $711.0M | $482.0M |
自由现金流PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $159.0M | ||
| Q3 25 | $-80.0M | $236.0M | ||
| Q2 25 | $-2.0B | $257.0M | ||
| Q1 25 | $213.0M | $307.0M | ||
| Q4 24 | $-896.0M | $178.0M | ||
| Q3 24 | $526.0M | $190.0M | ||
| Q2 24 | $-1.6B | $413.0M |
自由现金流率PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | 1.6% | ||
| Q3 25 | -1.3% | 2.3% | ||
| Q2 25 | -34.0% | 2.5% | ||
| Q1 25 | 3.6% | 3.3% | ||
| Q4 24 | -13.5% | 1.9% | ||
| Q3 24 | 8.9% | 2.0% | ||
| Q2 24 | -26.5% | 4.3% |
资本支出强度PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | 1.4% | ||
| Q3 25 | 46.9% | 1.1% | ||
| Q2 25 | 52.0% | 0.8% | ||
| Q1 25 | 44.0% | 0.9% | ||
| Q4 24 | 42.6% | 1.1% | ||
| Q3 24 | 43.8% | 0.8% | ||
| Q2 24 | 38.4% | 0.7% |
现金转化率PCGUSFD
| Q1 26 | — | — | ||
| Q4 25 | 2.93× | 1.59× | ||
| Q3 25 | 3.35× | 2.29× | ||
| Q2 25 | 1.93× | 1.49× | ||
| Q1 25 | 4.49× | 3.40× | ||
| Q4 24 | 2.87× | 4.29× | ||
| Q3 24 | 5.41× | 1.82× | ||
| Q2 24 | 1.36× | 2.43× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
