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PPL Corporation（PPL）与Sprouts Farmers Market, Inc.（SFM）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Sprouts Farmers Market, Inc.的1.1倍（$2.3B vs $2.1B），PPL Corporation净利率更高（11.3% vs 4.2%，领先7.1%），Sprouts Farmers Market, Inc.同比增速更快（7.6% vs 7.2%），Sprouts Farmers Market, Inc.自由现金流更多（$66.3M vs $-614.0M），过去两年Sprouts Farmers Market, Inc.的营收复合增速更高（6.8% 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。
Sprouts Farmers Market是总部位于美国亚利桑那州凤凰城的连锁超市品牌，主营天然有机食品，涵盖新鲜果蔬、散装食品、包装杂货、肉禽海鲜、熟食烘焙、乳制品、冷冻食品等品类，同时售有维生素补剂、天然个护及家居用品，目前在全美24个州开设超400家门店，员工约3.5万名。
PPL vs SFM — 直观对比
营收规模更大
PPL
是对方的1.1倍
$2.1B
营收增速更快
SFM
高出0.4%
7.2%
净利率更高
PPL
高出7.1%
4.2%
自由现金流更多
SFM
多$680.3M
$-614.0M
两年增速更快
SFM
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.1B |
| 净利润 | $266.0M | $89.8M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 20.3% | 5.7% |
| 净利率 | 11.3% | 4.2% |
| 营收同比 | 7.2% | 7.6% |
| 净利润同比 | 50.3% | 12.8% |
| 每股收益（稀释后） | $0.35 | $0.93 |
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PPLSFM
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $2.5B | $2.2B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $1.9B | $1.9B | ||
| Q1 24 | $2.3B | $1.9B |
净利润PPLSFM
| Q4 25 | $266.0M | $89.8M | ||
| Q3 25 | $318.0M | $120.1M | ||
| Q2 25 | $183.0M | $133.7M | ||
| Q1 25 | $414.0M | $180.0M | ||
| Q4 24 | $177.0M | $79.6M | ||
| Q3 24 | $214.0M | $91.6M | ||
| Q2 24 | $190.0M | $95.3M | ||
| Q1 24 | $307.0M | $114.1M |
毛利率PPLSFM
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 39.6% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | 38.1% | ||
| Q2 24 | — | 37.9% | ||
| Q1 24 | — | 38.3% |
营业利润率PPLSFM
| Q4 25 | 20.3% | 5.7% | ||
| Q3 25 | 25.4% | 7.2% | ||
| Q2 25 | 19.9% | 8.1% | ||
| Q1 25 | 26.6% | 10.1% | ||
| Q4 24 | 17.2% | 5.3% | ||
| Q3 24 | 20.6% | 6.3% | ||
| Q2 24 | 20.8% | 6.7% | ||
| Q1 24 | 23.7% | 7.9% |
净利率PPLSFM
| Q4 25 | 11.3% | 4.2% | ||
| Q3 25 | 14.2% | 5.5% | ||
| Q2 25 | 9.0% | 6.0% | ||
| Q1 25 | 16.3% | 8.0% | ||
| Q4 24 | 8.1% | 4.0% | ||
| Q3 24 | 10.3% | 4.7% | ||
| Q2 24 | 10.1% | 5.0% | ||
| Q1 24 | 13.3% | 6.1% |
每股收益（稀释后）PPLSFM
| Q4 25 | $0.35 | $0.93 | ||
| Q3 25 | $0.43 | $1.22 | ||
| Q2 25 | $0.25 | $1.35 | ||
| Q1 25 | $0.56 | $1.81 | ||
| Q4 24 | $0.23 | $0.78 | ||
| Q3 24 | $0.29 | $0.91 | ||
| Q2 24 | $0.26 | $0.94 | ||
| Q1 24 | $0.42 | $1.12 |
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 | $257.3M |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | $1.4B |
| 总资产 | $45.2B | $4.2B |
| 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PPLSFM
| Q4 25 | $1.1B | $257.3M | ||
| Q3 25 | $1.1B | $322.4M | ||
| Q2 25 | $294.0M | $261.4M | ||
| Q1 25 | $312.0M | $285.7M | ||
| Q4 24 | $306.0M | $265.2M | ||
| Q3 24 | $542.0M | $309.7M | ||
| Q2 24 | $282.0M | $177.3M | ||
| Q1 24 | $276.0M | $312.3M |
总债务PPLSFM
| Q4 25 | $18.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PPLSFM
| Q4 25 | $14.9B | $1.4B | ||
| Q3 25 | $14.4B | $1.4B | ||
| Q2 25 | $14.3B | $1.4B | ||
| Q1 25 | $14.3B | $1.3B | ||
| Q4 24 | $14.1B | $1.3B | ||
| Q3 24 | $14.1B | $1.3B | ||
| Q2 24 | $14.1B | $1.3B | ||
| Q1 24 | $14.1B | $1.2B |
总资产PPLSFM
| Q4 25 | $45.2B | $4.2B | ||
| Q3 25 | $43.9B | $4.0B | ||
| Q2 25 | $42.4B | $3.8B | ||
| Q1 25 | $41.8B | $3.7B | ||
| Q4 24 | $41.1B | $3.6B | ||
| Q3 24 | $40.5B | $3.6B | ||
| Q2 24 | $39.8B | $3.4B | ||
| Q1 24 | $39.6B | $3.5B |
负债/权益比PPLSFM
| Q4 25 | 1.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | $138.5M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $66.3M |
| 自由现金流率自由现金流/营收 | -26.1% | 3.1% |
| 资本支出强度资本支出/营收 | 49.5% | 3.4% |
| 现金转化率经营现金流/净利润 | 2.06× | 1.54× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $467.7M |
8季度趋势，按日历期对齐
经营现金流PPLSFM
| Q4 25 | $548.0M | $138.5M | ||
| Q3 25 | $966.0M | $167.1M | ||
| Q2 25 | $602.0M | $111.2M | ||
| Q1 25 | $513.0M | $299.1M | ||
| Q4 24 | $511.0M | $124.9M | ||
| Q3 24 | $781.0M | $209.1M | ||
| Q2 24 | $766.0M | $91.6M | ||
| Q1 24 | $282.0M | $219.7M |
自由现金流PPLSFM
| Q4 25 | $-614.0M | $66.3M | ||
| Q3 25 | $-179.0M | $111.4M | ||
| Q2 25 | $-328.0M | $50.4M | ||
| Q1 25 | $-280.0M | $239.6M | ||
| Q4 24 | $-349.0M | $56.2M | ||
| Q3 24 | $102.0M | $156.3M | ||
| Q2 24 | $96.0M | $33.9M | ||
| Q1 24 | $-314.0M | $168.5M |
自由现金流率PPLSFM
| Q4 25 | -26.1% | 3.1% | ||
| Q3 25 | -8.0% | 5.1% | ||
| Q2 25 | -16.1% | 2.3% | ||
| Q1 25 | -11.0% | 10.7% | ||
| Q4 24 | -15.9% | 2.8% | ||
| Q3 24 | 4.9% | 8.0% | ||
| Q2 24 | 5.1% | 1.8% | ||
| Q1 24 | -13.6% | 8.9% |
资本支出强度PPLSFM
| Q4 25 | 49.5% | 3.4% | ||
| Q3 25 | 51.2% | 2.5% | ||
| Q2 25 | 45.6% | 2.7% | ||
| Q1 25 | 31.2% | 2.7% | ||
| Q4 24 | 39.3% | 3.4% | ||
| Q3 24 | 32.7% | 2.7% | ||
| Q2 24 | 35.8% | 3.0% | ||
| Q1 24 | 25.9% | 2.7% |
现金转化率PPLSFM
| Q4 25 | 2.06× | 1.54× | ||
| Q3 25 | 3.04× | 1.39× | ||
| Q2 25 | 3.29× | 0.83× | ||
| Q1 25 | 1.24× | 1.66× | ||
| Q4 24 | 2.89× | 1.57× | ||
| Q3 24 | 3.65× | 2.28× | ||
| Q2 24 | 4.03× | 0.96× | ||
| Q1 24 | 0.92× | 1.93× |
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% |
SFM
| Perishables | $1.2B | 56% |
| Non Perishables | $935.4M | 44% |
