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普洛斯（PLD）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是普洛斯的1.0倍（$2.3B vs $2.3B），普洛斯净利率更高（62.1% vs 11.3%，领先50.8%），PPL Corporation同比增速更快（7.2% vs 2.4%），过去两年普洛斯的营收复合增速更高（7.3% vs 1.0%）
普洛斯是一家总部位于美国加利福尼亚州旧金山的不动产投资信托企业，专注于物流设施的投资与运营。公司2011年由AMB地产集团与原普洛斯合并成立，是全球规模最大的工业地产企业。截至2025年，运营超1.5万英亩土地及6000余栋物业，为全球客户提供高品质物流仓储解决方案。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
PLD vs PPL — 直观对比
营收规模更大
PPL
是对方的1.0倍
$2.3B
营收增速更快
PPL
高出4.8%
2.4%
净利率更高
PLD
高出50.8%
11.3%
两年增速更快
PLD
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.3B |
| 净利润 | $1.4B | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 72.2% | 20.3% |
| 净利率 | 62.1% | 11.3% |
| 营收同比 | 2.4% | 7.2% |
| 净利润同比 | 9.5% | 50.3% |
| 每股收益（稀释后） | $1.50 | $0.35 |
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PLDPPL
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $2.0B | $2.3B |
净利润PLDPPL
| Q4 25 | $1.4B | $266.0M | ||
| Q3 25 | $764.3M | $318.0M | ||
| Q2 25 | $571.2M | $183.0M | ||
| Q1 25 | $593.0M | $414.0M | ||
| Q4 24 | $1.3B | $177.0M | ||
| Q3 24 | $1.0B | $214.0M | ||
| Q2 24 | $861.3M | $190.0M | ||
| Q1 24 | $585.7M | $307.0M |
营业利润率PLDPPL
| Q4 25 | 72.2% | 20.3% | ||
| Q3 25 | 42.5% | 25.4% | ||
| Q2 25 | 41.8% | 19.9% | ||
| Q1 25 | 41.1% | 26.6% | ||
| Q4 24 | 64.6% | 17.2% | ||
| Q3 24 | 61.4% | 20.6% | ||
| Q2 24 | 51.0% | 20.8% | ||
| Q1 24 | 36.8% | 23.7% |
净利率PLDPPL
| Q4 25 | 62.1% | 11.3% | ||
| Q3 25 | 34.5% | 14.2% | ||
| Q2 25 | 26.2% | 9.0% | ||
| Q1 25 | 27.7% | 16.3% | ||
| Q4 24 | 58.1% | 8.1% | ||
| Q3 24 | 49.4% | 10.3% | ||
| Q2 24 | 42.9% | 10.1% | ||
| Q1 24 | 29.9% | 13.3% |
每股收益（稀释后）PLDPPL
| Q4 25 | $1.50 | $0.35 | ||
| Q3 25 | $0.82 | $0.43 | ||
| Q2 25 | $0.61 | $0.25 | ||
| Q1 25 | $0.63 | $0.56 | ||
| Q4 24 | $1.38 | $0.23 | ||
| Q3 24 | $1.08 | $0.29 | ||
| Q2 24 | $0.92 | $0.26 | ||
| Q1 24 | $0.63 | $0.42 |
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 | $1.1B | $1.1B |
| 总债务越低越好 | $35.0B | $18.9B |
| 股东权益账面价值 | $53.2B | $14.9B |
| 总资产 | $98.7B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.66× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资PLDPPL
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $294.0M | ||
| Q1 25 | $671.1M | $312.0M | ||
| Q4 24 | $1.3B | $306.0M | ||
| Q3 24 | $780.9M | $542.0M | ||
| Q2 24 | $598.3M | $282.0M | ||
| Q1 24 | $500.6M | $276.0M |
总债务PLDPPL
| Q4 25 | $35.0B | $18.9B | ||
| Q3 25 | $35.3B | — | ||
| Q2 25 | $34.7B | — | ||
| Q1 25 | $32.3B | — | ||
| Q4 24 | $30.9B | $16.5B | ||
| Q3 24 | $32.3B | — | ||
| Q2 24 | $29.9B | — | ||
| Q1 24 | $29.6B | — |
股东权益PLDPPL
| Q4 25 | $53.2B | $14.9B | ||
| Q3 25 | $52.6B | $14.4B | ||
| Q2 25 | $52.7B | $14.3B | ||
| Q1 25 | $53.5B | $14.3B | ||
| Q4 24 | $54.0B | $14.1B | ||
| Q3 24 | $53.1B | $14.1B | ||
| Q2 24 | $53.3B | $14.1B | ||
| Q1 24 | $53.2B | $14.1B |
总资产PLDPPL
| Q4 25 | $98.7B | $45.2B | ||
| Q3 25 | $98.3B | $43.9B | ||
| Q2 25 | $97.7B | $42.4B | ||
| Q1 25 | $96.0B | $41.8B | ||
| Q4 24 | $95.3B | $41.1B | ||
| Q3 24 | $95.9B | $40.5B | ||
| Q2 24 | $93.5B | $39.8B | ||
| Q1 24 | $93.3B | $39.6B |
负债/权益比PLDPPL
| Q4 25 | 0.66× | 1.27× | ||
| Q3 25 | 0.67× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.57× | 1.17× | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.56× | — |
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 | $1.2B | $548.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-614.0M |
| 自由现金流率自由现金流/营收 | — | -26.1% |
| 资本支出强度资本支出/营收 | — | 49.5% |
| 现金转化率经营现金流/净利润 | 0.83× | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $-1.4B |
8季度趋势，按日历期对齐
经营现金流PLDPPL
| Q4 25 | $1.2B | $548.0M | ||
| Q3 25 | $1.4B | $966.0M | ||
| Q2 25 | $1.2B | $602.0M | ||
| Q1 25 | $1.2B | $513.0M | ||
| Q4 24 | $1.3B | $511.0M | ||
| Q3 24 | $1.4B | $781.0M | ||
| Q2 24 | $1.1B | $766.0M | ||
| Q1 24 | $1.1B | $282.0M |
自由现金流PLDPPL
| Q4 25 | — | $-614.0M | ||
| Q3 25 | — | $-179.0M | ||
| Q2 25 | — | $-328.0M | ||
| Q1 25 | — | $-280.0M | ||
| Q4 24 | — | $-349.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $96.0M | ||
| Q1 24 | — | $-314.0M |
自由现金流率PLDPPL
| Q4 25 | — | -26.1% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | — | -11.0% | ||
| Q4 24 | — | -15.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | -13.6% |
资本支出强度PLDPPL
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 51.2% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 35.8% | ||
| Q1 24 | — | 25.9% |
现金转化率PLDPPL
| Q4 25 | 0.83× | 2.06× | ||
| Q3 25 | 1.89× | 3.04× | ||
| Q2 25 | 2.17× | 3.29× | ||
| Q1 25 | 1.96× | 1.24× | ||
| Q4 24 | 1.04× | 2.89× | ||
| Q3 24 | 1.43× | 3.65× | ||
| Q2 24 | 1.26× | 4.03× | ||
| Q1 24 | 1.80× | 0.92× |
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
PLD
| Real Estate Operations Segment | $2.0B | 88% |
| Unconsolidated Co Investment Ventures | $131.7M | 6% |
| Other | $82.6M | 4% |
| Strategic Capital Segment | $49.9M | 2% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
