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PPL Corporation（PPL）与Snowflake Inc.（SNOW）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Snowflake Inc.的1.9倍（$2.3B vs $1.2B），PPL Corporation净利率更高（11.3% vs -24.2%，领先35.6%），Snowflake Inc.同比增速更快（28.7% vs 7.2%），Snowflake Inc.自由现金流更多（$113.6M vs $-614.0M），过去两年Snowflake Inc.的营收复合增速更高（25.1% 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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
PPL vs SNOW — 直观对比
营收规模更大
PPL
是对方的1.9倍
$1.2B
营收增速更快
SNOW
高出21.5%
7.2%
净利率更高
PPL
高出35.6%
-24.2%
自由现金流更多
SNOW
多$727.6M
$-614.0M
两年增速更快
SNOW
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.2B |
| 净利润 | $266.0M | $-294.0M |
| 毛利率 | — | 67.8% |
| 营业利润率 | 20.3% | -27.2% |
| 净利率 | 11.3% | -24.2% |
| 营收同比 | 7.2% | 28.7% |
| 净利润同比 | 50.3% | 9.4% |
| 每股收益（稀释后） | $0.35 | $-0.87 |
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PPLSNOW
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $2.5B | $986.8M | ||
| Q4 24 | $2.2B | $942.1M | ||
| Q3 24 | $2.1B | $868.8M | ||
| Q2 24 | $1.9B | $828.7M | ||
| Q1 24 | $2.3B | $774.7M |
净利润PPLSNOW
| Q4 25 | $266.0M | $-294.0M | ||
| Q3 25 | $318.0M | $-298.0M | ||
| Q2 25 | $183.0M | $-430.1M | ||
| Q1 25 | $414.0M | $-327.5M | ||
| Q4 24 | $177.0M | $-324.3M | ||
| Q3 24 | $214.0M | $-316.9M | ||
| Q2 24 | $190.0M | $-317.0M | ||
| Q1 24 | $307.0M | $-169.4M |
毛利率PPLSNOW
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% | ||
| Q1 24 | — | 68.8% |
营业利润率PPLSNOW
| Q4 25 | 20.3% | -27.2% | ||
| Q3 25 | 25.4% | -29.7% | ||
| Q2 25 | 19.9% | -42.9% | ||
| Q1 25 | 26.6% | -39.2% | ||
| Q4 24 | 17.2% | -38.8% | ||
| Q3 24 | 20.6% | -40.9% | ||
| Q2 24 | 20.8% | -42.1% | ||
| Q1 24 | 23.7% | -35.6% |
净利率PPLSNOW
| Q4 25 | 11.3% | -24.2% | ||
| Q3 25 | 14.2% | -26.0% | ||
| Q2 25 | 9.0% | -41.3% | ||
| Q1 25 | 16.3% | -33.2% | ||
| Q4 24 | 8.1% | -34.4% | ||
| Q3 24 | 10.3% | -36.5% | ||
| Q2 24 | 10.1% | -38.3% | ||
| Q1 24 | 13.3% | -21.9% |
每股收益（稀释后）PPLSNOW
| Q4 25 | $0.35 | $-0.87 | ||
| Q3 25 | $0.43 | $-0.89 | ||
| Q2 25 | $0.25 | $-1.29 | ||
| Q1 25 | $0.56 | $-0.98 | ||
| Q4 24 | $0.23 | $-0.98 | ||
| Q3 24 | $0.29 | $-0.95 | ||
| Q2 24 | $0.26 | $-0.95 | ||
| Q1 24 | $0.42 | $-0.51 |
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 | $1.9B |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | $2.1B |
| 总资产 | $45.2B | $8.2B |
| 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PPLSNOW
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $294.0M | $2.2B | ||
| Q1 25 | $312.0M | $2.6B | ||
| Q4 24 | $306.0M | $2.1B | ||
| Q3 24 | $542.0M | $1.3B | ||
| Q2 24 | $282.0M | $1.3B | ||
| Q1 24 | $276.0M | $1.8B |
总债务PPLSNOW
| Q4 25 | $18.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PPLSNOW
| Q4 25 | $14.9B | $2.1B | ||
| Q3 25 | $14.4B | $2.4B | ||
| Q2 25 | $14.3B | $2.4B | ||
| Q1 25 | $14.3B | $3.0B | ||
| Q4 24 | $14.1B | $2.9B | ||
| Q3 24 | $14.1B | $4.1B | ||
| Q2 24 | $14.1B | $4.6B | ||
| Q1 24 | $14.1B | $5.2B |
总资产PPLSNOW
| Q4 25 | $45.2B | $8.2B | ||
| Q3 25 | $43.9B | $8.2B | ||
| Q2 25 | $42.4B | $8.2B | ||
| Q1 25 | $41.8B | $9.0B | ||
| Q4 24 | $41.1B | $8.2B | ||
| Q3 24 | $40.5B | $6.9B | ||
| Q2 24 | $39.8B | $7.3B | ||
| Q1 24 | $39.6B | $8.2B |
负债/权益比PPLSNOW
| 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 | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $113.6M |
| 自由现金流率自由现金流/营收 | -26.1% | 9.4% |
| 资本支出强度资本支出/营收 | 49.5% | 2.0% |
| 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 | $776.7M |
8季度趋势，按日历期对齐
经营现金流PPLSNOW
| Q4 25 | $548.0M | $137.5M | ||
| Q3 25 | $966.0M | $74.9M | ||
| Q2 25 | $602.0M | $228.4M | ||
| Q1 25 | $513.0M | $432.7M | ||
| Q4 24 | $511.0M | $101.7M | ||
| Q3 24 | $781.0M | $69.9M | ||
| Q2 24 | $766.0M | $355.5M | ||
| Q1 24 | $282.0M | $344.6M |
自由现金流PPLSNOW
| Q4 25 | $-614.0M | $113.6M | ||
| Q3 25 | $-179.0M | $58.2M | ||
| Q2 25 | $-328.0M | $183.4M | ||
| Q1 25 | $-280.0M | $421.4M | ||
| Q4 24 | $-349.0M | $88.3M | ||
| Q3 24 | $102.0M | $64.8M | ||
| Q2 24 | $96.0M | $338.9M | ||
| Q1 24 | $-314.0M | $331.5M |
自由现金流率PPLSNOW
| Q4 25 | -26.1% | 9.4% | ||
| Q3 25 | -8.0% | 5.1% | ||
| Q2 25 | -16.1% | 17.6% | ||
| Q1 25 | -11.0% | 42.7% | ||
| Q4 24 | -15.9% | 9.4% | ||
| Q3 24 | 4.9% | 7.5% | ||
| Q2 24 | 5.1% | 40.9% | ||
| Q1 24 | -13.6% | 42.8% |
资本支出强度PPLSNOW
| Q4 25 | 49.5% | 2.0% | ||
| Q3 25 | 51.2% | 1.5% | ||
| Q2 25 | 45.6% | 4.3% | ||
| Q1 25 | 31.2% | 1.1% | ||
| Q4 24 | 39.3% | 1.4% | ||
| Q3 24 | 32.7% | 0.6% | ||
| Q2 24 | 35.8% | 2.0% | ||
| Q1 24 | 25.9% | 1.7% |
现金转化率PPLSNOW
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
