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PORTLAND GENERAL ELECTRIC CO（POR）与Talen Energy Corp（TLN）财务数据对比。点击上方公司名可切换其他公司
PORTLAND GENERAL ELECTRIC CO的季度营收约是Talen Energy Corp的1.2倍（$889.0M vs $758.0M），PORTLAND GENERAL ELECTRIC CO净利率更高（4.6% vs -47.9%，领先52.5%），Talen Energy Corp同比增速更快（114.7% vs 7.9%），Talen Energy Corp自由现金流更多（$254.0M vs $-142.0M），过去两年Talen Energy Corp的营收复合增速更高（35.0% vs -2.2%）
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
PPL公司是总部位于美国宾夕法尼亚州东部利哈伊谷阿伦敦的能源企业，于纽约证券交易所上市（股票代码：PPL），属标普500指数成分股。截至2022年，公司营收79亿美元，总资产超370亿美元，拥有6500名员工，服务360万客户。
POR vs TLN — 直观对比
营收规模更大
POR
是对方的1.2倍
$758.0M
营收增速更快
TLN
高出106.8%
7.9%
净利率更高
POR
高出52.5%
-47.9%
自由现金流更多
TLN
多$396.0M
$-142.0M
两年增速更快
TLN
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $889.0M | $758.0M |
| 净利润 | $41.0M | $-363.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.7% | -41.3% |
| 净利率 | 4.6% | -47.9% |
| 营收同比 | 7.9% | 114.7% |
| 净利润同比 | 7.9% | -542.7% |
| 每股收益（稀释后） | $0.36 | $-7.60 |
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PORTLN
| Q4 25 | $889.0M | $758.0M | ||
| Q3 25 | $952.0M | $697.0M | ||
| Q2 25 | $807.0M | $409.0M | ||
| Q1 25 | $928.0M | $654.0M | ||
| Q4 24 | $824.0M | $353.0M | ||
| Q3 24 | $929.0M | $459.0M | ||
| Q2 24 | $758.0M | $346.0M | ||
| Q1 24 | $929.0M | $416.0M |
净利润PORTLN
| Q4 25 | $41.0M | $-363.0M | ||
| Q3 25 | $103.0M | $207.0M | ||
| Q2 25 | $62.0M | $72.0M | ||
| Q1 25 | $100.0M | $-135.0M | ||
| Q4 24 | $38.0M | $82.0M | ||
| Q3 24 | $94.0M | $168.0M | ||
| Q2 24 | $72.0M | $454.0M | ||
| Q1 24 | $109.0M | $294.0M |
营业利润率PORTLN
| Q4 25 | 10.7% | -41.3% | ||
| Q3 25 | 18.3% | 37.7% | ||
| Q2 25 | 14.6% | 16.1% | ||
| Q1 25 | 18.1% | -16.2% | ||
| Q4 24 | 10.7% | 4.5% | ||
| Q3 24 | 15.7% | 34.4% | ||
| Q2 24 | 15.3% | 7.8% | ||
| Q1 24 | 17.4% | 6.0% |
净利率PORTLN
| Q4 25 | 4.6% | -47.9% | ||
| Q3 25 | 10.8% | 29.7% | ||
| Q2 25 | 7.7% | 17.6% | ||
| Q1 25 | 10.8% | -20.6% | ||
| Q4 24 | 4.6% | 23.2% | ||
| Q3 24 | 10.1% | 36.6% | ||
| Q2 24 | 9.5% | 131.2% | ||
| Q1 24 | 11.7% | 70.7% |
每股收益（稀释后）PORTLN
| Q4 25 | $0.36 | $-7.60 | ||
| Q3 25 | $0.94 | $4.25 | ||
| Q2 25 | $0.56 | $1.50 | ||
| Q1 25 | $0.91 | $-2.94 | ||
| Q4 24 | $0.34 | $2.07 | ||
| Q3 24 | $0.90 | $3.16 | ||
| Q2 24 | $0.69 | $7.60 | ||
| Q1 24 | $1.08 | $4.84 |
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 | — | $689.0M |
| 总债务越低越好 | $4.7B | $6.8B |
| 股东权益账面价值 | $4.1B | $1.1B |
| 总资产 | $13.2B | $10.9B |
| 负债/权益比越低杠杆越低 | 1.13× | 6.23× |
8季度趋势，按日历期对齐
现金及短期投资PORTLN
| Q4 25 | — | $689.0M | ||
| Q3 25 | — | $497.0M | ||
| Q2 25 | — | $122.0M | ||
| Q1 25 | — | $295.0M | ||
| Q4 24 | — | $328.0M | ||
| Q3 24 | — | $648.0M | ||
| Q2 24 | — | $632.0M | ||
| Q1 24 | — | — |
总债务PORTLN
| Q4 25 | $4.7B | $6.8B | ||
| Q3 25 | $4.7B | $3.0B | ||
| Q2 25 | $4.7B | $3.0B | ||
| Q1 25 | $4.7B | $3.0B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.4B | $2.6B | ||
| Q2 24 | $4.4B | $2.6B | ||
| Q1 24 | $4.4B | — |
股东权益PORTLN
| Q4 25 | $4.1B | $1.1B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $3.8B | $1.2B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $3.6B | $2.4B | ||
| Q2 24 | $3.5B | $2.5B | ||
| Q1 24 | $3.5B | $2.8B |
总资产PORTLN
| Q4 25 | $13.2B | $10.9B | ||
| Q3 25 | $13.0B | $6.1B | ||
| Q2 25 | $12.7B | $5.8B | ||
| Q1 25 | $12.7B | $5.9B | ||
| Q4 24 | $12.5B | $6.1B | ||
| Q3 24 | $11.9B | $6.8B | ||
| Q2 24 | $11.6B | $7.1B | ||
| Q1 24 | $11.6B | — |
负债/权益比PORTLN
| Q4 25 | 1.13× | 6.23× | ||
| Q3 25 | 1.20× | 2.03× | ||
| Q2 25 | 1.23× | 2.40× | ||
| Q1 25 | 1.23× | 2.54× | ||
| Q4 24 | 1.20× | 2.17× | ||
| Q3 24 | 1.22× | 1.10× | ||
| Q2 24 | 1.27× | 1.05× | ||
| Q1 24 | 1.28× | — |
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 | $148.0M | $280.0M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $254.0M |
| 自由现金流率自由现金流/营收 | -16.0% | 33.5% |
| 资本支出强度资本支出/营收 | 32.6% | 3.4% |
| 现金转化率经营现金流/净利润 | 3.61× | — |
| 过去12个月自由现金流最近4个季度 | $-71.0M | $606.0M |
8季度趋势，按日历期对齐
经营现金流PORTLN
| Q4 25 | $148.0M | $280.0M | ||
| Q3 25 | $403.0M | $489.0M | ||
| Q2 25 | $336.0M | $-184.0M | ||
| Q1 25 | $231.0M | $119.0M | ||
| Q4 24 | $170.0M | — | ||
| Q3 24 | $244.0M | $96.0M | ||
| Q2 24 | $189.0M | $-23.0M | ||
| Q1 24 | $175.0M | $173.0M |
自由现金流PORTLN
| Q4 25 | $-142.0M | $254.0M | ||
| Q3 25 | $100.0M | $468.0M | ||
| Q2 25 | $99.0M | $-217.0M | ||
| Q1 25 | $-128.0M | $101.0M | ||
| Q4 24 | $-222.0M | — | ||
| Q3 24 | $-9.0M | $83.0M | ||
| Q2 24 | $-109.0M | $-43.0M | ||
| Q1 24 | $-150.0M | $148.0M |
自由现金流率PORTLN
| Q4 25 | -16.0% | 33.5% | ||
| Q3 25 | 10.5% | 67.1% | ||
| Q2 25 | 12.3% | -53.1% | ||
| Q1 25 | -13.8% | 15.4% | ||
| Q4 24 | -26.9% | — | ||
| Q3 24 | -1.0% | 18.1% | ||
| Q2 24 | -14.4% | -12.4% | ||
| Q1 24 | -16.1% | 35.6% |
资本支出强度PORTLN
| Q4 25 | 32.6% | 3.4% | ||
| Q3 25 | 31.8% | 3.0% | ||
| Q2 25 | 29.4% | 8.1% | ||
| Q1 25 | 38.7% | 2.8% | ||
| Q4 24 | 47.6% | — | ||
| Q3 24 | 27.2% | 2.8% | ||
| Q2 24 | 39.3% | 5.8% | ||
| Q1 24 | 35.0% | 6.0% |
现金转化率PORTLN
| Q4 25 | 3.61× | — | ||
| Q3 25 | 3.91× | 2.36× | ||
| Q2 25 | 5.42× | -2.56× | ||
| Q1 25 | 2.31× | — | ||
| Q4 24 | 4.47× | — | ||
| Q3 24 | 2.60× | 0.57× | ||
| Q2 24 | 2.63× | -0.05× | ||
| Q1 24 | 1.61× | 0.59× |
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
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
TLN
| Electricity Sales And Ancillary Services | $555.0M | 73% |
| Operating Revenue Capacity | $182.0M | 24% |
| Physical Electricity Sales Bilateral Contracts Other | $21.0M | 3% |
