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Public Service Enterprise Group（PEG）与WEC Energy Group（WEC）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WEC Energy Group的1.1倍（$2.9B vs $2.5B），WEC Energy Group净利率更高（12.5% vs 10.8%，领先1.7%），Public Service Enterprise Group同比增速更快（18.3% vs 11.1%），过去两年Public Service Enterprise Group的营收复合增速更高（2.8% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
PEG vs WEC — 直观对比
营收规模更大
PEG
是对方的1.1倍
$2.5B
营收增速更快
PEG
高出7.2%
11.1%
净利率更高
WEC
高出1.7%
10.8%
两年增速更快
PEG
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.5B |
| 净利润 | $315.0M | $316.8M |
| 毛利率 | — | 63.7% |
| 营业利润率 | 17.5% | 17.9% |
| 净利率 | 10.8% | 12.5% |
| 营收同比 | 18.3% | 11.1% |
| 净利润同比 | 10.1% | -30.1% |
| 每股收益（稀释后） | $0.63 | — |
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PEGWEC
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $2.8B | $2.0B | ||
| Q1 25 | $3.2B | $3.1B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.4B | $1.8B | ||
| Q1 24 | $2.8B | $2.7B |
净利润PEGWEC
| Q4 25 | $315.0M | $316.8M | ||
| Q3 25 | $622.0M | $270.2M | ||
| Q2 25 | $585.0M | $243.0M | ||
| Q1 25 | $589.0M | $725.5M | ||
| Q4 24 | $286.0M | $453.1M | ||
| Q3 24 | $520.0M | $238.6M | ||
| Q2 24 | $434.0M | $210.0M | ||
| Q1 24 | $532.0M | $622.6M |
毛利率PEGWEC
| Q4 25 | — | 63.7% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.6% | ||
| Q1 25 | — | 63.0% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | — | 72.1% | ||
| Q2 24 | — | 73.5% | ||
| Q1 24 | — | 65.4% |
营业利润率PEGWEC
| Q4 25 | 17.5% | 17.9% | ||
| Q3 25 | 26.5% | 21.4% | ||
| Q2 25 | 29.1% | 20.1% | ||
| Q1 25 | 24.7% | 29.8% | ||
| Q4 24 | 18.1% | 25.9% | ||
| Q3 24 | 24.3% | 20.6% | ||
| Q2 24 | 24.0% | 20.6% | ||
| Q1 24 | 24.8% | 30.3% |
净利率PEGWEC
| Q4 25 | 10.8% | 12.5% | ||
| Q3 25 | 19.3% | 12.8% | ||
| Q2 25 | 20.9% | 12.1% | ||
| Q1 25 | 18.3% | 23.0% | ||
| Q4 24 | 11.6% | 19.8% | ||
| Q3 24 | 19.7% | 12.8% | ||
| Q2 24 | 17.9% | 11.9% | ||
| Q1 24 | 19.3% | 23.2% |
每股收益（稀释后）PEGWEC
| Q4 25 | $0.63 | — | ||
| Q3 25 | $1.24 | — | ||
| Q2 25 | $1.17 | — | ||
| Q1 25 | $1.18 | — | ||
| Q4 24 | $0.57 | — | ||
| Q3 24 | $1.04 | — | ||
| Q2 24 | $0.87 | — | ||
| Q1 24 | $1.06 | — |
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 | $27.6M |
| 总债务越低越好 | $22.5B | $20.0B |
| 股东权益账面价值 | $17.0B | $14.1B |
| 总资产 | $57.6B | $51.5B |
| 负债/权益比越低杠杆越低 | 1.33× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资PEGWEC
| Q4 25 | $132.0M | $27.6M | ||
| Q3 25 | $334.0M | $51.1M | ||
| Q2 25 | $186.0M | $23.0M | ||
| Q1 25 | $894.0M | $82.2M | ||
| Q4 24 | $125.0M | $9.8M | ||
| Q3 24 | $203.0M | $322.5M | ||
| Q2 24 | $113.0M | $224.0M | ||
| Q1 24 | $1.2B | $38.9M |
总债务PEGWEC
| Q4 25 | $22.5B | $20.0B | ||
| Q3 25 | $22.5B | — | ||
| Q2 25 | $22.6B | — | ||
| Q1 25 | $23.0B | — | ||
| Q4 24 | $21.1B | $18.9B | ||
| Q3 24 | $21.4B | $16.9B | ||
| Q2 24 | $20.5B | $16.9B | ||
| Q1 24 | $21.3B | $15.4B |
股东权益PEGWEC
| Q4 25 | $17.0B | $14.1B | ||
| Q3 25 | $17.0B | $14.0B | ||
| Q2 25 | $16.7B | $13.7B | ||
| Q1 25 | $16.4B | $13.4B | ||
| Q4 24 | $16.1B | $12.8B | ||
| Q3 24 | $16.1B | $12.4B | ||
| Q2 24 | $15.8B | $12.4B | ||
| Q1 24 | $15.7B | $12.4B |
总资产PEGWEC
| Q4 25 | $57.6B | $51.5B | ||
| Q3 25 | $56.9B | $49.8B | ||
| Q2 25 | $56.0B | $48.5B | ||
| Q1 25 | $55.6B | $48.2B | ||
| Q4 24 | $54.6B | $47.4B | ||
| Q3 24 | $54.1B | $45.2B | ||
| Q2 24 | $52.4B | $44.6B | ||
| Q1 24 | $52.4B | $43.9B |
负债/权益比PEGWEC
| Q4 25 | 1.33× | 1.42× | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | 1.31× | 1.48× | ||
| Q3 24 | 1.33× | 1.36× | ||
| Q2 24 | 1.30× | 1.36× | ||
| Q1 24 | 1.35× | 1.24× |
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 | $721.0M | $424.6M |
| 自由现金流经营现金流 - 资本支出 | $-408.0M | — |
| 自由现金流率自由现金流/营收 | -14.0% | — |
| 资本支出强度资本支出/营收 | 38.7% | — |
| 现金转化率经营现金流/净利润 | 2.29× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $26.0M | — |
8季度趋势，按日历期对齐
经营现金流PEGWEC
| Q4 25 | $721.0M | $424.6M | ||
| Q3 25 | $1.1B | $938.9M | ||
| Q2 25 | $478.0M | $853.3M | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $367.0M | $581.8M | ||
| Q3 24 | $623.0M | $729.0M | ||
| Q2 24 | $482.0M | $1.0B | ||
| Q1 24 | $661.0M | $863.6M |
自由现金流PEGWEC
| Q4 25 | $-408.0M | — | ||
| Q3 25 | $322.0M | $-625.7M | ||
| Q2 25 | $-309.0M | $23.9M | ||
| Q1 25 | $421.0M | $461.5M | ||
| Q4 24 | $-611.0M | — | ||
| Q3 24 | $-145.0M | $-67.3M | ||
| Q2 24 | $-355.0M | $343.5M | ||
| Q1 24 | $-136.0M | $419.1M |
自由现金流率PEGWEC
| Q4 25 | -14.0% | — | ||
| Q3 25 | 10.0% | -29.7% | ||
| Q2 25 | -11.0% | 1.2% | ||
| Q1 25 | 13.1% | 14.7% | ||
| Q4 24 | -24.8% | — | ||
| Q3 24 | -5.5% | -3.6% | ||
| Q2 24 | -14.7% | 19.4% | ||
| Q1 24 | -4.9% | 15.6% |
资本支出强度PEGWEC
| Q4 25 | 38.7% | — | ||
| Q3 25 | 22.6% | 74.4% | ||
| Q2 25 | 28.1% | 41.3% | ||
| Q1 25 | 19.5% | 22.3% | ||
| Q4 24 | 39.7% | — | ||
| Q3 24 | 29.1% | 42.7% | ||
| Q2 24 | 34.5% | 39.2% | ||
| Q1 24 | 28.9% | 16.6% |
现金转化率PEGWEC
| Q4 25 | 2.29× | 1.34× | ||
| Q3 25 | 1.69× | 3.47× | ||
| Q2 25 | 0.82× | 3.51× | ||
| Q1 25 | 1.78× | 1.60× | ||
| Q4 24 | 1.28× | 1.28× | ||
| Q3 24 | 1.20× | 3.06× | ||
| Q2 24 | 1.11× | 4.94× | ||
| Q1 24 | 1.24× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
