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PPL Corporation（PPL）与RXO, Inc.（RXO）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RXO, Inc.的1.6倍（$2.3B vs $1.5B），PPL Corporation净利率更高（11.3% vs -3.1%，领先14.5%），PPL Corporation同比增速更快（7.2% vs -11.9%），RXO, Inc.自由现金流更多（$-9.0M vs $-614.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
PPL vs RXO — 直观对比
营收规模更大
PPL
是对方的1.6倍
$1.5B
营收增速更快
PPL
高出19.1%
-11.9%
净利率更高
PPL
高出14.5%
-3.1%
自由现金流更多
RXO
多$605.0M
$-614.0M
两年增速更快
RXO
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.5B |
| 净利润 | $266.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.3% | -2.9% |
| 净利率 | 11.3% | -3.1% |
| 营收同比 | 7.2% | -11.9% |
| 净利润同比 | 50.3% | -84.0% |
| 每股收益（稀释后） | $0.35 | $-0.28 |
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PPLRXO
| Q4 25 | $2.3B | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $1.9B | $930.0M | ||
| Q1 24 | $2.3B | $913.0M |
净利润PPLRXO
| Q4 25 | $266.0M | $-46.0M | ||
| Q3 25 | $318.0M | $-14.0M | ||
| Q2 25 | $183.0M | $-9.0M | ||
| Q1 25 | $414.0M | $-31.0M | ||
| Q4 24 | $177.0M | $-25.0M | ||
| Q3 24 | $214.0M | $-243.0M | ||
| Q2 24 | $190.0M | $-7.0M | ||
| Q1 24 | $307.0M | $-15.0M |
营业利润率PPLRXO
| Q4 25 | 20.3% | -2.9% | ||
| Q3 25 | 25.4% | -0.5% | ||
| Q2 25 | 19.9% | — | ||
| Q1 25 | 26.6% | -2.1% | ||
| Q4 24 | 17.2% | -1.4% | ||
| Q3 24 | 20.6% | -1.9% | ||
| Q2 24 | 20.8% | — | ||
| Q1 24 | 23.7% | -1.3% |
净利率PPLRXO
| Q4 25 | 11.3% | -3.1% | ||
| Q3 25 | 14.2% | -1.0% | ||
| Q2 25 | 9.0% | -0.6% | ||
| Q1 25 | 16.3% | -2.2% | ||
| Q4 24 | 8.1% | -1.5% | ||
| Q3 24 | 10.3% | -23.4% | ||
| Q2 24 | 10.1% | -0.8% | ||
| Q1 24 | 13.3% | -1.6% |
每股收益（稀释后）PPLRXO
| Q4 25 | $0.35 | $-0.28 | ||
| Q3 25 | $0.43 | $-0.08 | ||
| Q2 25 | $0.25 | $-0.05 | ||
| Q1 25 | $0.56 | $-0.18 | ||
| Q4 24 | $0.23 | $-0.17 | ||
| Q3 24 | $0.29 | $-1.81 | ||
| Q2 24 | $0.26 | $-0.06 | ||
| Q1 24 | $0.42 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $18.9B | $387.0M |
| 股东权益账面价值 | $14.9B | $1.5B |
| 总资产 | $45.2B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.27× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资PPLRXO
| Q4 25 | $1.1B | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $294.0M | $18.0M | ||
| Q1 25 | $312.0M | $16.0M | ||
| Q4 24 | $306.0M | $35.0M | ||
| Q3 24 | $542.0M | $55.0M | ||
| Q2 24 | $282.0M | $7.0M | ||
| Q1 24 | $276.0M | $7.0M |
总债务PPLRXO
| Q4 25 | $18.9B | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | $16.5B | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益PPLRXO
| Q4 25 | $14.9B | $1.5B | ||
| Q3 25 | $14.4B | $1.6B | ||
| Q2 25 | $14.3B | $1.6B | ||
| Q1 25 | $14.3B | $1.6B | ||
| Q4 24 | $14.1B | $1.6B | ||
| Q3 24 | $14.1B | $1.7B | ||
| Q2 24 | $14.1B | $579.0M | ||
| Q1 24 | $14.1B | $582.0M |
总资产PPLRXO
| Q4 25 | $45.2B | $3.3B | ||
| Q3 25 | $43.9B | $3.2B | ||
| Q2 25 | $42.4B | $3.2B | ||
| Q1 25 | $41.8B | $3.3B | ||
| Q4 24 | $41.1B | $3.4B | ||
| Q3 24 | $40.5B | $3.4B | ||
| Q2 24 | $39.8B | $1.8B | ||
| Q1 24 | $39.6B | $1.8B |
负债/权益比PPLRXO
| Q4 25 | 1.27× | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 1.17× | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | -26.1% | -0.6% |
| 资本支出强度资本支出/营收 | 49.5% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流PPLRXO
| Q4 25 | $548.0M | $7.0M | ||
| Q3 25 | $966.0M | $23.0M | ||
| Q2 25 | $602.0M | $23.0M | ||
| Q1 25 | $513.0M | $-2.0M | ||
| Q4 24 | $511.0M | $-7.0M | ||
| Q3 24 | $781.0M | $-7.0M | ||
| Q2 24 | $766.0M | $-5.0M | ||
| Q1 24 | $282.0M | $7.0M |
自由现金流PPLRXO
| Q4 25 | $-614.0M | $-9.0M | ||
| Q3 25 | $-179.0M | $9.0M | ||
| Q2 25 | $-328.0M | $9.0M | ||
| Q1 25 | $-280.0M | $-17.0M | ||
| Q4 24 | $-349.0M | $-19.0M | ||
| Q3 24 | $102.0M | $-18.0M | ||
| Q2 24 | $96.0M | $-16.0M | ||
| Q1 24 | $-314.0M | $-4.0M |
自由现金流率PPLRXO
| Q4 25 | -26.1% | -0.6% | ||
| Q3 25 | -8.0% | 0.6% | ||
| Q2 25 | -16.1% | 0.6% | ||
| Q1 25 | -11.0% | -1.2% | ||
| Q4 24 | -15.9% | -1.1% | ||
| Q3 24 | 4.9% | -1.7% | ||
| Q2 24 | 5.1% | -1.7% | ||
| Q1 24 | -13.6% | -0.4% |
资本支出强度PPLRXO
| Q4 25 | 49.5% | 1.1% | ||
| Q3 25 | 51.2% | 1.0% | ||
| Q2 25 | 45.6% | 1.0% | ||
| Q1 25 | 31.2% | 1.0% | ||
| Q4 24 | 39.3% | 0.7% | ||
| Q3 24 | 32.7% | 1.1% | ||
| Q2 24 | 35.8% | 1.2% | ||
| Q1 24 | 25.9% | 1.2% |
现金转化率PPLRXO
| Q4 25 | 2.06× | — | ||
| Q3 25 | 3.04× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 4.03× | — | ||
| Q1 24 | 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
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
