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Public Service Enterprise Group（PEG）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
Public Service Enterprise Group的季度营收约是泰佩思琦的1.2倍（$2.9B vs $2.5B），泰佩思琦净利率更高（22.4% vs 10.8%，领先11.6%），Public Service Enterprise Group同比增速更快（18.3% vs 14.0%），泰佩思琦自由现金流更多（$1.0B vs $-408.0M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 2.8%）
PSEG（Public Service Enterprise Group）是一家公开上市的能源企业，1985年正式成立，发展渊源可追溯至1903年，自创立以来总部始终位于美国新泽西州纽瓦克市，深耕能源领域多年，在北美能源市场拥有稳定的行业地位与市场份额。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
PEG vs TPR — 直观对比
营收规模更大
PEG
是对方的1.2倍
$2.5B
营收增速更快
PEG
高出4.3%
14.0%
净利率更高
TPR
高出11.6%
10.8%
自由现金流更多
TPR
多$1.4B
$-408.0M
两年增速更快
TPR
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.5B |
| 净利润 | $315.0M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | 17.5% | 28.6% |
| 净利率 | 10.8% | 22.4% |
| 营收同比 | 18.3% | 14.0% |
| 净利润同比 | 10.1% | 80.8% |
| 每股收益（稀释后） | $0.63 | $2.68 |
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PEGTPR
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.8B | $1.5B |
净利润PEGTPR
| Q4 25 | $315.0M | $561.3M | ||
| Q3 25 | $622.0M | $274.8M | ||
| Q2 25 | $585.0M | $-517.1M | ||
| Q1 25 | $589.0M | $203.3M | ||
| Q4 24 | $286.0M | $310.4M | ||
| Q3 24 | $520.0M | $186.6M | ||
| Q2 24 | $434.0M | $159.3M | ||
| Q1 24 | $532.0M | $139.4M |
毛利率PEGTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
营业利润率PEGTPR
| Q4 25 | 17.5% | 28.6% | ||
| Q3 25 | 26.5% | 19.3% | ||
| Q2 25 | 29.1% | -33.9% | ||
| Q1 25 | 24.7% | 16.0% | ||
| Q4 24 | 18.1% | 22.4% | ||
| Q3 24 | 24.3% | 16.7% | ||
| Q2 24 | 24.0% | 14.8% | ||
| Q1 24 | 24.8% | 13.8% |
净利率PEGTPR
| Q4 25 | 10.8% | 22.4% | ||
| Q3 25 | 19.3% | 16.1% | ||
| Q2 25 | 20.9% | -30.0% | ||
| Q1 25 | 18.3% | 12.8% | ||
| Q4 24 | 11.6% | 14.1% | ||
| Q3 24 | 19.7% | 12.4% | ||
| Q2 24 | 17.9% | 10.0% | ||
| Q1 24 | 19.3% | 9.4% |
每股收益（稀释后）PEGTPR
| Q4 25 | $0.63 | $2.68 | ||
| Q3 25 | $1.24 | $1.28 | ||
| Q2 25 | $1.17 | $-2.30 | ||
| Q1 25 | $1.18 | $0.95 | ||
| Q4 24 | $0.57 | $1.38 | ||
| Q3 24 | $1.04 | $0.79 | ||
| Q2 24 | $0.87 | $0.67 | ||
| Q1 24 | $1.06 | $0.60 |
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 | $132.0M | $1.1B |
| 总债务越低越好 | $22.5B | $2.4B |
| 股东权益账面价值 | $17.0B | $551.2M |
| 总资产 | $57.6B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.33× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资PEGTPR
| Q4 25 | $132.0M | $1.1B | ||
| Q3 25 | $334.0M | $743.2M | ||
| Q2 25 | $186.0M | $1.1B | ||
| Q1 25 | $894.0M | $1.1B | ||
| Q4 24 | $125.0M | $1.0B | ||
| Q3 24 | $203.0M | $7.3B | ||
| Q2 24 | $113.0M | $7.2B | ||
| Q1 24 | $1.2B | $7.4B |
总债务PEGTPR
| Q4 25 | $22.5B | $2.4B | ||
| Q3 25 | $22.5B | $2.4B | ||
| Q2 25 | $22.6B | $2.4B | ||
| Q1 25 | $23.0B | $2.4B | ||
| Q4 24 | $21.1B | $2.4B | ||
| Q3 24 | $21.4B | $7.0B | ||
| Q2 24 | $20.5B | $6.9B | ||
| Q1 24 | $21.3B | $7.7B |
股东权益PEGTPR
| Q4 25 | $17.0B | $551.2M | ||
| Q3 25 | $17.0B | $399.5M | ||
| Q2 25 | $16.7B | $857.8M | ||
| Q1 25 | $16.4B | $1.5B | ||
| Q4 24 | $16.1B | $1.3B | ||
| Q3 24 | $16.1B | $3.0B | ||
| Q2 24 | $15.8B | $2.9B | ||
| Q1 24 | $15.7B | $2.8B |
总资产PEGTPR
| Q4 25 | $57.6B | $6.5B | ||
| Q3 25 | $56.9B | $6.4B | ||
| Q2 25 | $56.0B | $6.6B | ||
| Q1 25 | $55.6B | $7.3B | ||
| Q4 24 | $54.6B | $7.3B | ||
| Q3 24 | $54.1B | $13.7B | ||
| Q2 24 | $52.4B | $13.4B | ||
| Q1 24 | $52.4B | $13.7B |
负债/权益比PEGTPR
| Q4 25 | 1.33× | 4.32× | ||
| Q3 25 | 1.33× | 5.95× | ||
| Q2 25 | 1.36× | 2.77× | ||
| Q1 25 | 1.40× | 1.59× | ||
| Q4 24 | 1.31× | 1.78× | ||
| Q3 24 | 1.33× | 2.35× | ||
| Q2 24 | 1.30× | 2.39× | ||
| Q1 24 | 1.35× | 2.77× |
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 | $721.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-408.0M | $1.0B |
| 自由现金流率自由现金流/营收 | -14.0% | 41.5% |
| 资本支出强度资本支出/营收 | 38.7% | 1.7% |
| 现金转化率经营现金流/净利润 | 2.29× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $26.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流PEGTPR
| Q4 25 | $721.0M | $1.1B | ||
| Q3 25 | $1.1B | $112.6M | ||
| Q2 25 | $478.0M | $446.8M | ||
| Q1 25 | $1.0B | $144.3M | ||
| Q4 24 | $367.0M | $506.0M | ||
| Q3 24 | $623.0M | $119.5M | ||
| Q2 24 | $482.0M | $256.0M | ||
| Q1 24 | $661.0M | $97.8M |
自由现金流PEGTPR
| Q4 25 | $-408.0M | $1.0B | ||
| Q3 25 | $322.0M | $80.2M | ||
| Q2 25 | $-309.0M | $411.5M | ||
| Q1 25 | $421.0M | $113.4M | ||
| Q4 24 | $-611.0M | $475.1M | ||
| Q3 24 | $-145.0M | $93.9M | ||
| Q2 24 | $-355.0M | $209.8M | ||
| Q1 24 | $-136.0M | $78.8M |
自由现金流率PEGTPR
| Q4 25 | -14.0% | 41.5% | ||
| Q3 25 | 10.0% | 4.7% | ||
| Q2 25 | -11.0% | 23.9% | ||
| Q1 25 | 13.1% | 7.2% | ||
| Q4 24 | -24.8% | 21.6% | ||
| Q3 24 | -5.5% | 6.2% | ||
| Q2 24 | -14.7% | 13.2% | ||
| Q1 24 | -4.9% | 5.3% |
资本支出强度PEGTPR
| Q4 25 | 38.7% | 1.7% | ||
| Q3 25 | 22.6% | 1.9% | ||
| Q2 25 | 28.1% | 2.0% | ||
| Q1 25 | 19.5% | 2.0% | ||
| Q4 24 | 39.7% | 1.4% | ||
| Q3 24 | 29.1% | 1.7% | ||
| Q2 24 | 34.5% | 2.9% | ||
| Q1 24 | 28.9% | 1.3% |
现金转化率PEGTPR
| Q4 25 | 2.29× | 1.93× | ||
| Q3 25 | 1.69× | 0.41× | ||
| Q2 25 | 0.82× | — | ||
| Q1 25 | 1.78× | 0.71× | ||
| Q4 24 | 1.28× | 1.63× | ||
| Q3 24 | 1.20× | 0.64× | ||
| Q2 24 | 1.11× | 1.61× | ||
| Q1 24 | 1.24× | 0.70× |
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
PEG
| PSEG Power Other | $1.1B | 37% |
| Electric Distribution Contracts | $929.0M | 32% |
| Gas Distribution Contracts | $840.0M | 29% |
| Other | $71.0M | 2% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
