vs
PPL Corporation（PPL）与Taylor Morrison Home Corp（TMHC）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Taylor Morrison Home Corp的1.7倍（$2.3B vs $1.4B），PPL Corporation净利率更高（11.3% vs 7.1%，领先4.2%），PPL Corporation同比增速更快（7.2% vs -26.8%），过去两年PPL Corporation的营收复合增速更高（1.0% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
PPL vs TMHC — 直观对比
营收规模更大
PPL
是对方的1.7倍
$1.4B
营收增速更快
PPL
高出34.1%
-26.8%
净利率更高
PPL
高出4.2%
7.1%
两年增速更快
PPL
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $266.0M | $98.6M |
| 毛利率 | — | 21.0% |
| 营业利润率 | 20.3% | — |
| 净利率 | 11.3% | 7.1% |
| 营收同比 | 7.2% | -26.8% |
| 净利润同比 | 50.3% | -53.8% |
| 每股收益（稀释后） | $0.35 | $1.12 |
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PPLTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | $2.5B | $1.9B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $1.9B | $2.0B |
净利润PPLTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $266.0M | $174.0M | ||
| Q3 25 | $318.0M | $201.4M | ||
| Q2 25 | $183.0M | $193.6M | ||
| Q1 25 | $414.0M | $213.5M | ||
| Q4 24 | $177.0M | $242.5M | ||
| Q3 24 | $214.0M | $251.1M | ||
| Q2 24 | $190.0M | $199.5M |
毛利率PPLTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.0% | ||
| Q2 24 | — | 23.7% |
营业利润率PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 19.9% | — | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 20.8% | — |
净利率PPLTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 11.3% | 8.3% | ||
| Q3 25 | 14.2% | 9.6% | ||
| Q2 25 | 9.0% | 9.5% | ||
| Q1 25 | 16.3% | 11.3% | ||
| Q4 24 | 8.1% | 10.3% | ||
| Q3 24 | 10.3% | 11.8% | ||
| Q2 24 | 10.1% | 10.0% |
每股收益（稀释后）PPLTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.35 | $1.77 | ||
| Q3 25 | $0.43 | $2.01 | ||
| Q2 25 | $0.25 | $1.92 | ||
| Q1 25 | $0.56 | $2.07 | ||
| Q4 24 | $0.23 | $2.29 | ||
| Q3 24 | $0.29 | $2.37 | ||
| Q2 24 | $0.26 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | $6.2B |
| 总资产 | $45.2B | $9.8B |
| 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PPLTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $1.1B | $850.0M | ||
| Q3 25 | $1.1B | $370.6M | ||
| Q2 25 | $294.0M | $130.2M | ||
| Q1 25 | $312.0M | $377.8M | ||
| Q4 24 | $306.0M | $487.2M | ||
| Q3 24 | $542.0M | $256.4M | ||
| Q2 24 | $282.0M | $246.8M |
总债务PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | $18.9B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $16.5B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益PPLTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $14.9B | $6.3B | ||
| Q3 25 | $14.4B | $6.2B | ||
| Q2 25 | $14.3B | $6.1B | ||
| Q1 25 | $14.3B | $6.0B | ||
| Q4 24 | $14.1B | $5.9B | ||
| Q3 24 | $14.1B | $5.7B | ||
| Q2 24 | $14.1B | $5.5B |
总资产PPLTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $45.2B | $9.8B | ||
| Q3 25 | $43.9B | $9.6B | ||
| Q2 25 | $42.4B | $9.5B | ||
| Q1 25 | $41.8B | $9.4B | ||
| Q4 24 | $41.1B | $9.3B | ||
| Q3 24 | $40.5B | $9.3B | ||
| Q2 24 | $39.8B | $9.1B |
负债/权益比PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 1.17× | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | $548.0M | $646.4M | ||
| Q3 25 | $966.0M | $219.6M | ||
| Q2 25 | $602.0M | $-126.0M | ||
| Q1 25 | $513.0M | $77.2M | ||
| Q4 24 | $511.0M | $438.2M | ||
| Q3 24 | $781.0M | $135.9M | ||
| Q2 24 | $766.0M | $-233.3M |
自由现金流PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | $-614.0M | $635.3M | ||
| Q3 25 | $-179.0M | $206.6M | ||
| Q2 25 | $-328.0M | $-133.6M | ||
| Q1 25 | $-280.0M | $68.7M | ||
| Q4 24 | $-349.0M | $428.2M | ||
| Q3 24 | $102.0M | $127.1M | ||
| Q2 24 | $96.0M | $-241.7M |
自由现金流率PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | -26.1% | 30.3% | ||
| Q3 25 | -8.0% | 9.9% | ||
| Q2 25 | -16.1% | -6.6% | ||
| Q1 25 | -11.0% | 3.6% | ||
| Q4 24 | -15.9% | 18.2% | ||
| Q3 24 | 4.9% | 6.0% | ||
| Q2 24 | 5.1% | -12.1% |
资本支出强度PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | 49.5% | 0.5% | ||
| Q3 25 | 51.2% | 0.6% | ||
| Q2 25 | 45.6% | 0.4% | ||
| Q1 25 | 31.2% | 0.4% | ||
| Q4 24 | 39.3% | 0.4% | ||
| Q3 24 | 32.7% | 0.4% | ||
| Q2 24 | 35.8% | 0.4% |
现金转化率PPLTMHC
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | 3.71× | ||
| Q3 25 | 3.04× | 1.09× | ||
| Q2 25 | 3.29× | -0.65× | ||
| Q1 25 | 1.24× | 0.36× | ||
| Q4 24 | 2.89× | 1.81× | ||
| Q3 24 | 3.65× | 0.54× | ||
| Q2 24 | 4.03× | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
