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Pinnacle West Capital（PNW）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Pinnacle West Capital的1.3倍（$1.4B vs $1.1B），瑞思迈净利率更高（27.6% vs 1.6%，领先26.0%），瑞思迈同比增速更快（11.0% vs 3.0%），过去两年Pinnacle West Capital的营收复合增速更高（8.9% vs 7.8%）
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
PNW vs RMD — 直观对比
营收规模更大
RMD
是对方的1.3倍
$1.1B
营收增速更快
RMD
高出8.0%
3.0%
净利率更高
RMD
高出26.0%
1.6%
两年增速更快
PNW
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $17.6M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 10.7% | 34.6% |
| 净利率 | 1.6% | 27.6% |
| 营收同比 | 3.0% | 11.0% |
| 净利润同比 | 798.0% | 13.9% |
| 每股收益（稀释后） | $0.12 | $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PNWRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B |
净利润PNWRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | — | $398.7M | ||
| Q4 25 | $17.6M | $392.6M | ||
| Q3 25 | $417.5M | $348.5M | ||
| Q2 25 | $196.9M | $379.7M | ||
| Q1 25 | $-338.0K | $365.0M | ||
| Q4 24 | $-2.5M | $344.6M | ||
| Q3 24 | $399.3M | $311.4M |
毛利率PNWRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | 62.2% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% |
营业利润率PNWRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | — | 34.9% | ||
| Q4 25 | 10.7% | 34.6% | ||
| Q3 25 | 32.0% | 33.4% | ||
| Q2 25 | 22.6% | 33.7% | ||
| Q1 25 | 5.5% | 33.0% | ||
| Q4 24 | 7.7% | 32.5% | ||
| Q3 24 | 30.9% | 31.6% |
净利率PNWRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | — | 27.9% | ||
| Q4 25 | 1.6% | 27.6% | ||
| Q3 25 | 22.9% | 26.1% | ||
| Q2 25 | 14.5% | 28.2% | ||
| Q1 25 | -0.0% | 28.3% | ||
| Q4 24 | -0.2% | 26.9% | ||
| Q3 24 | 22.6% | 25.4% |
每股收益（稀释后）PNWRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | — | $2.74 | ||
| Q4 25 | $0.12 | $2.68 | ||
| Q3 25 | $3.39 | $2.37 | ||
| Q2 25 | $1.58 | $2.58 | ||
| Q1 25 | $-0.04 | $2.48 | ||
| Q4 24 | $-0.04 | $2.34 | ||
| Q3 24 | $3.37 | $2.11 |
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 | $6.6M | $1.4B |
| 总债务越低越好 | — | $663.8M |
| 股东权益账面价值 | $7.0B | $6.3B |
| 总资产 | $30.0B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资PNWRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $6.6M | $1.4B | ||
| Q3 25 | $30.9M | $1.4B | ||
| Q2 25 | $18.8M | $1.2B | ||
| Q1 25 | $10.0M | $932.7M | ||
| Q4 24 | $3.8M | $521.9M | ||
| Q3 24 | $49.2M | $426.4M |
总债务PNWRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M |
股东权益PNWRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $7.0B | $6.3B | ||
| Q3 25 | $7.2B | $6.1B | ||
| Q2 25 | $6.7B | $6.0B | ||
| Q1 25 | $6.7B | $5.5B | ||
| Q4 24 | $6.8B | $5.3B | ||
| Q3 24 | $6.6B | $5.2B |
总资产PNWRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | — | $8.8B | ||
| Q4 25 | $30.0B | $8.5B | ||
| Q3 25 | $29.9B | $8.3B | ||
| Q2 25 | $29.2B | $8.2B | ||
| Q1 25 | $27.2B | $7.6B | ||
| Q4 24 | $26.1B | $7.1B | ||
| Q3 24 | $26.3B | $7.2B |
负债/权益比PNWRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | $476.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-192.7M | — |
| 自由现金流率自由现金流/营收 | -17.1% | — |
| 资本支出强度资本支出/营收 | 59.3% | — |
| 现金转化率经营现金流/净利润 | 27.09× | — |
| 过去12个月自由现金流最近4个季度 | $-819.5M | — |
8季度趋势，按日历期对齐
经营现金流PNWRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $476.8M | $339.7M | ||
| Q3 25 | $665.0M | $457.3M | ||
| Q2 25 | $261.4M | $538.8M | ||
| Q1 25 | $401.9M | $578.7M | ||
| Q4 24 | $439.5M | $308.6M | ||
| Q3 24 | $633.2M | $325.5M |
自由现金流PNWRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-192.7M | $311.2M | ||
| Q3 25 | $42.0M | $414.4M | ||
| Q2 25 | $-448.1M | $508.2M | ||
| Q1 25 | $-220.7M | $557.9M | ||
| Q4 24 | $-92.1M | $288.0M | ||
| Q3 24 | $-32.7M | $307.7M |
自由现金流率PNWRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -17.1% | 21.9% | ||
| Q3 25 | 2.3% | 31.0% | ||
| Q2 25 | -33.0% | 37.7% | ||
| Q1 25 | -21.4% | 43.2% | ||
| Q4 24 | -8.4% | 22.5% | ||
| Q3 24 | -1.8% | 25.1% |
资本支出强度PNWRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 2.0% | ||
| Q3 25 | 34.2% | 3.2% | ||
| Q2 25 | 52.2% | 2.3% | ||
| Q1 25 | 60.3% | 1.6% | ||
| Q4 24 | 48.5% | 1.6% | ||
| Q3 24 | 37.6% | 1.5% |
现金转化率PNWRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 27.09× | 0.87× | ||
| Q3 25 | 1.59× | 1.31× | ||
| Q2 25 | 1.33× | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 1.59× | 1.05× |
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
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
RMD
暂无分部数据
