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PPL Corporation（PPL）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是PPL Corporation的1.6倍（$3.9B vs $2.3B），Raymond James Financial净利率更高（14.1% vs 11.3%，领先2.8%），Raymond James Financial同比增速更快（13.0% vs 7.2%），过去两年Raymond James Financial的营收复合增速更高（1.3% vs 1.0%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
PPL vs RJF — 直观对比
营收规模更大
RJF
是对方的1.6倍
$2.3B
营收增速更快
RJF
高出5.8%
7.2%
净利率更高
RJF
高出2.8%
11.3%
两年增速更快
RJF
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.9B |
| 净利润 | $266.0M | $544.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.3% | — |
| 净利率 | 11.3% | 14.1% |
| 营收同比 | 7.2% | 13.0% |
| 净利润同比 | 50.3% | 10.0% |
| 每股收益（稀释后） | $0.35 | $2.83 |
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PPLRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.3B | $4.2B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $2.2B | $4.0B | ||
| Q3 24 | $2.1B | $4.0B | ||
| Q2 24 | $1.9B | $3.8B |
净利润PPLRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $266.0M | $563.0M | ||
| Q3 25 | $318.0M | $604.0M | ||
| Q2 25 | $183.0M | $436.0M | ||
| Q1 25 | $414.0M | $495.0M | ||
| Q4 24 | $177.0M | $600.0M | ||
| Q3 24 | $214.0M | $602.0M | ||
| Q2 24 | $190.0M | $492.0M |
营业利润率PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 19.9% | 14.7% | ||
| Q1 25 | 26.6% | 17.5% | ||
| Q4 24 | 17.2% | 18.6% | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 20.8% | 17.1% |
净利率PPLRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 11.3% | 13.5% | ||
| Q3 25 | 14.2% | 14.4% | ||
| Q2 25 | 9.0% | 11.3% | ||
| Q1 25 | 16.3% | 12.9% | ||
| Q4 24 | 8.1% | 14.9% | ||
| Q3 24 | 10.3% | 15.0% | ||
| Q2 24 | 10.1% | 13.1% |
每股收益（稀释后）PPLRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $0.35 | $2.79 | ||
| Q3 25 | $0.43 | $2.96 | ||
| Q2 25 | $0.25 | $2.12 | ||
| Q1 25 | $0.56 | $2.36 | ||
| Q4 24 | $0.23 | $2.86 | ||
| Q3 24 | $0.29 | $2.85 | ||
| Q2 24 | $0.26 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | $52.0M |
| 总资产 | $45.2B | $91.9B |
| 负债/权益比越低杠杆越低 | 1.27× | — |
8季度趋势，按日历期对齐
现金及短期投资PPLRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $1.1B | $9.9B | ||
| Q3 25 | $1.1B | $11.4B | ||
| Q2 25 | $294.0M | $9.2B | ||
| Q1 25 | $312.0M | $9.7B | ||
| Q4 24 | $306.0M | $10.0B | ||
| Q3 24 | $542.0M | $11.0B | ||
| Q2 24 | $282.0M | $9.1B |
总债务PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | $18.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PPLRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $14.9B | $12.6B | ||
| Q3 25 | $14.4B | $12.5B | ||
| Q2 25 | $14.3B | $12.3B | ||
| Q1 25 | $14.3B | $12.2B | ||
| Q4 24 | $14.1B | $11.9B | ||
| Q3 24 | $14.1B | $11.7B | ||
| Q2 24 | $14.1B | $11.2B |
总资产PPLRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $45.2B | $88.8B | ||
| Q3 25 | $43.9B | $88.2B | ||
| Q2 25 | $42.4B | $84.8B | ||
| Q1 25 | $41.8B | $83.1B | ||
| Q4 24 | $41.1B | $82.3B | ||
| Q3 24 | $40.5B | $83.0B | ||
| Q2 24 | $39.8B | $80.6B |
负债/权益比PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | 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PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | $548.0M | $-10.0M | ||
| Q3 25 | $966.0M | $796.0M | ||
| Q2 25 | $602.0M | $691.0M | ||
| Q1 25 | $513.0M | $117.0M | ||
| Q4 24 | $511.0M | $830.0M | ||
| Q3 24 | $781.0M | $510.0M | ||
| Q2 24 | $766.0M | $711.0M |
自由现金流PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | $-614.0M | $-56.0M | ||
| Q3 25 | $-179.0M | $752.0M | ||
| Q2 25 | $-328.0M | $634.0M | ||
| Q1 25 | $-280.0M | $71.0M | ||
| Q4 24 | $-349.0M | $789.0M | ||
| Q3 24 | $102.0M | $460.0M | ||
| Q2 24 | $96.0M | $655.0M |
自由现金流率PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | -26.1% | -1.3% | ||
| Q3 25 | -8.0% | 17.9% | ||
| Q2 25 | -16.1% | 16.5% | ||
| Q1 25 | -11.0% | 1.8% | ||
| Q4 24 | -15.9% | 19.6% | ||
| Q3 24 | 4.9% | 11.5% | ||
| Q2 24 | 5.1% | 17.4% |
资本支出强度PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | 49.5% | 1.1% | ||
| Q3 25 | 51.2% | 1.1% | ||
| Q2 25 | 45.6% | 1.5% | ||
| Q1 25 | 31.2% | 1.2% | ||
| Q4 24 | 39.3% | 1.0% | ||
| Q3 24 | 32.7% | 1.2% | ||
| Q2 24 | 35.8% | 1.5% |
现金转化率PPLRJF
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | -0.02× | ||
| Q3 25 | 3.04× | 1.32× | ||
| Q2 25 | 3.29× | 1.58× | ||
| Q1 25 | 1.24× | 0.24× | ||
| Q4 24 | 2.89× | 1.38× | ||
| Q3 24 | 3.65× | 0.85× | ||
| Q2 24 | 4.03× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
