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PPL Corporation（PPL）与Primo Brands Corp（PRMB）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Primo Brands Corp的1.5倍（$2.3B vs $1.6B），PPL Corporation净利率更高（11.3% vs -0.8%，领先12.2%），Primo Brands Corp自由现金流更多（$57.3M vs $-614.0M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
PPL vs PRMB — 直观对比
营收规模更大
PPL
是对方的1.5倍
$1.6B
净利率更高
PPL
高出12.2%
-0.8%
自由现金流更多
PRMB
多$671.3M
$-614.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.6B |
| 净利润 | $266.0M | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 20.3% | 1.2% |
| 净利率 | 11.3% | -0.8% |
| 营收同比 | 7.2% | — |
| 净利润同比 | 50.3% | — |
| 每股收益（稀释后） | $0.35 | $-0.03 |
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PPLPRMB
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.1B | $0 | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $2.3B | $1.1B |
净利润PPLPRMB
| Q4 25 | $266.0M | $-13.0M | ||
| Q3 25 | $318.0M | $16.8M | ||
| Q2 25 | $183.0M | $27.6M | ||
| Q1 25 | $414.0M | $28.7M | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $214.0M | $-2.0K | ||
| Q2 24 | $190.0M | $54.5M | ||
| Q1 24 | $307.0M | $33.5M |
毛利率PPLPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
营业利润率PPLPRMB
| Q4 25 | 20.3% | 1.2% | ||
| Q3 25 | 25.4% | 8.3% | ||
| Q2 25 | 19.9% | 6.5% | ||
| Q1 25 | 26.6% | 9.5% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 20.8% | 12.1% | ||
| Q1 24 | 23.7% | 11.0% |
净利率PPLPRMB
| Q4 25 | 11.3% | -0.8% | ||
| Q3 25 | 14.2% | 1.0% | ||
| Q2 25 | 9.0% | 1.6% | ||
| Q1 25 | 16.3% | 1.8% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | 4.1% | ||
| Q1 24 | 13.3% | 2.9% |
每股收益（稀释后）PPLPRMB
| Q4 25 | $0.35 | $-0.03 | ||
| Q3 25 | $0.43 | $0.04 | ||
| Q2 25 | $0.25 | $0.07 | ||
| Q1 25 | $0.56 | $0.08 | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.29 | $-20.00 | ||
| Q2 24 | $0.26 | $0.25 | ||
| Q1 24 | $0.42 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | $18.9B | $5.2B |
| 股东权益账面价值 | $14.9B | $3.0B |
| 总资产 | $45.2B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.27× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资PPLPRMB
| Q4 25 | $1.1B | $376.7M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $294.0M | — | ||
| Q1 25 | $312.0M | — | ||
| Q4 24 | $306.0M | — | ||
| Q3 24 | $542.0M | — | ||
| Q2 24 | $282.0M | — | ||
| Q1 24 | $276.0M | — |
总债务PPLPRMB
| Q4 25 | $18.9B | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $16.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PPLPRMB
| Q4 25 | $14.9B | $3.0B | ||
| Q3 25 | $14.4B | $3.2B | ||
| Q2 25 | $14.3B | $3.2B | ||
| Q1 25 | $14.3B | $3.3B | ||
| Q4 24 | $14.1B | — | ||
| Q3 24 | $14.1B | $-2.0K | ||
| Q2 24 | $14.1B | $-296.8M | ||
| Q1 24 | $14.1B | $-349.8M |
总资产PPLPRMB
| Q4 25 | $45.2B | $10.6B | ||
| Q3 25 | $43.9B | $11.0B | ||
| Q2 25 | $42.4B | $11.0B | ||
| Q1 25 | $41.8B | $11.0B | ||
| Q4 24 | $41.1B | — | ||
| Q3 24 | $40.5B | $0 | ||
| Q2 24 | $39.8B | — | ||
| Q1 24 | $39.6B | — |
负债/权益比PPLPRMB
| Q4 25 | 1.27× | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $548.0M | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $57.3M |
| 自由现金流率自由现金流/营收 | -26.1% | 3.7% |
| 资本支出强度资本支出/营收 | 49.5% | 9.4% |
| 现金转化率经营现金流/净利润 | 2.06× | — |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $302.9M |
8季度趋势，按日历期对齐
经营现金流PPLPRMB
| Q4 25 | $548.0M | $203.1M | ||
| Q3 25 | $966.0M | $283.4M | ||
| Q2 25 | $602.0M | $155.0M | ||
| Q1 25 | $513.0M | $38.8M | ||
| Q4 24 | $511.0M | — | ||
| Q3 24 | $781.0M | $0 | ||
| Q2 24 | $766.0M | $102.5M | ||
| Q1 24 | $282.0M | $6.0M |
自由现金流PPLPRMB
| Q4 25 | $-614.0M | $57.3M | ||
| Q3 25 | $-179.0M | $167.7M | ||
| Q2 25 | $-328.0M | $101.1M | ||
| Q1 25 | $-280.0M | $-23.2M | ||
| Q4 24 | $-349.0M | — | ||
| Q3 24 | $102.0M | — | ||
| Q2 24 | $96.0M | $61.4M | ||
| Q1 24 | $-314.0M | $-17.5M |
自由现金流率PPLPRMB
| Q4 25 | -26.1% | 3.7% | ||
| Q3 25 | -8.0% | 9.5% | ||
| Q2 25 | -16.1% | 5.8% | ||
| Q1 25 | -11.0% | -1.4% | ||
| Q4 24 | -15.9% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 5.1% | 4.7% | ||
| Q1 24 | -13.6% | -1.5% |
资本支出强度PPLPRMB
| Q4 25 | 49.5% | 9.4% | ||
| Q3 25 | 51.2% | 6.6% | ||
| Q2 25 | 45.6% | 3.1% | ||
| Q1 25 | 31.2% | 3.8% | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 35.8% | 3.1% | ||
| Q1 24 | 25.9% | 2.1% |
现金转化率PPLPRMB
| Q4 25 | 2.06× | — | ||
| Q3 25 | 3.04× | 16.87× | ||
| Q2 25 | 3.29× | 5.62× | ||
| Q1 25 | 1.24× | 1.35× | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 4.03× | 1.88× | ||
| Q1 24 | 0.92× | 0.18× |
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
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
