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PPL Corporation（PPL）与Toast, Inc.（TOST）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Toast, Inc.的1.4倍（$2.3B vs $1.6B），PPL Corporation净利率更高（11.3% vs 6.2%，领先5.1%），Toast, Inc.同比增速更快（22.0% vs 7.2%），Toast, Inc.自由现金流更多（$178.0M vs $-614.0M），过去两年Toast, Inc.的营收复合增速更高（23.3% 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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
PPL vs TOST — 直观对比
营收规模更大
PPL
是对方的1.4倍
$1.6B
营收增速更快
TOST
高出14.8%
7.2%
净利率更高
PPL
高出5.1%
6.2%
自由现金流更多
TOST
多$792.0M
$-614.0M
两年增速更快
TOST
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.6B |
| 净利润 | $266.0M | $101.0M |
| 毛利率 | — | 25.9% |
| 营业利润率 | 20.3% | 5.2% |
| 净利率 | 11.3% | 6.2% |
| 营收同比 | 7.2% | 22.0% |
| 净利润同比 | 50.3% | 215.6% |
| 每股收益（稀释后） | $0.35 | $0.18 |
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PPLTOST
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $2.3B | $1.1B |
净利润PPLTOST
| Q4 25 | $266.0M | $101.0M | ||
| Q3 25 | $318.0M | $105.0M | ||
| Q2 25 | $183.0M | $80.0M | ||
| Q1 25 | $414.0M | $56.0M | ||
| Q4 24 | $177.0M | $32.0M | ||
| Q3 24 | $214.0M | $56.0M | ||
| Q2 24 | $190.0M | $14.0M | ||
| Q1 24 | $307.0M | $-83.0M |
毛利率PPLTOST
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
营业利润率PPLTOST
| Q4 25 | 20.3% | 5.2% | ||
| Q3 25 | 25.4% | 5.1% | ||
| Q2 25 | 19.9% | 5.2% | ||
| Q1 25 | 26.6% | 3.2% | ||
| Q4 24 | 17.2% | 2.5% | ||
| Q3 24 | 20.6% | 2.6% | ||
| Q2 24 | 20.8% | 0.4% | ||
| Q1 24 | 23.7% | -5.2% |
净利率PPLTOST
| Q4 25 | 11.3% | 6.2% | ||
| Q3 25 | 14.2% | 6.4% | ||
| Q2 25 | 9.0% | 5.2% | ||
| Q1 25 | 16.3% | 4.2% | ||
| Q4 24 | 8.1% | 2.4% | ||
| Q3 24 | 10.3% | 4.3% | ||
| Q2 24 | 10.1% | 1.1% | ||
| Q1 24 | 13.3% | -7.7% |
每股收益（稀释后）PPLTOST
| Q4 25 | $0.35 | $0.18 | ||
| Q3 25 | $0.43 | $0.16 | ||
| Q2 25 | $0.25 | $0.13 | ||
| Q1 25 | $0.56 | $0.09 | ||
| Q4 24 | $0.23 | $0.09 | ||
| Q3 24 | $0.29 | $0.07 | ||
| Q2 24 | $0.26 | $0.02 | ||
| Q1 24 | $0.42 | $-0.15 |
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 | $1.4B |
| 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 | $3.1B |
| 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PPLTOST
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $294.0M | $1.2B | ||
| Q1 25 | $312.0M | $1.0B | ||
| Q4 24 | $306.0M | $903.0M | ||
| Q3 24 | $542.0M | $761.0M | ||
| Q2 24 | $282.0M | $691.0M | ||
| Q1 24 | $276.0M | $578.0M |
总债务PPLTOST
| Q4 25 | $18.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PPLTOST
| Q4 25 | $14.9B | $2.1B | ||
| Q3 25 | $14.4B | $2.0B | ||
| Q2 25 | $14.3B | $1.8B | ||
| Q1 25 | $14.3B | $1.7B | ||
| Q4 24 | $14.1B | $1.5B | ||
| Q3 24 | $14.1B | $1.4B | ||
| Q2 24 | $14.1B | $1.3B | ||
| Q1 24 | $14.1B | $1.2B |
总资产PPLTOST
| Q4 25 | $45.2B | $3.1B | ||
| Q3 25 | $43.9B | $3.0B | ||
| Q2 25 | $42.4B | $2.8B | ||
| Q1 25 | $41.8B | $2.6B | ||
| Q4 24 | $41.1B | $2.4B | ||
| Q3 24 | $40.5B | $2.2B | ||
| Q2 24 | $39.8B | $2.2B | ||
| Q1 24 | $39.6B | $2.1B |
负债/权益比PPLTOST
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $178.0M |
| 自由现金流率自由现金流/营收 | -26.1% | 10.9% |
| 资本支出强度资本支出/营收 | 49.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.06× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $608.0M |
8季度趋势，按日历期对齐
经营现金流PPLTOST
| Q4 25 | $548.0M | $194.0M | ||
| Q3 25 | $966.0M | $165.0M | ||
| Q2 25 | $602.0M | $223.0M | ||
| Q1 25 | $513.0M | $79.0M | ||
| Q4 24 | $511.0M | $147.0M | ||
| Q3 24 | $781.0M | $109.0M | ||
| Q2 24 | $766.0M | $124.0M | ||
| Q1 24 | $282.0M | $-20.0M |
自由现金流PPLTOST
| Q4 25 | $-614.0M | $178.0M | ||
| Q3 25 | $-179.0M | $153.0M | ||
| Q2 25 | $-328.0M | $208.0M | ||
| Q1 25 | $-280.0M | $69.0M | ||
| Q4 24 | $-349.0M | $134.0M | ||
| Q3 24 | $102.0M | $97.0M | ||
| Q2 24 | $96.0M | $108.0M | ||
| Q1 24 | $-314.0M | $-33.0M |
自由现金流率PPLTOST
| Q4 25 | -26.1% | 10.9% | ||
| Q3 25 | -8.0% | 9.4% | ||
| Q2 25 | -16.1% | 13.4% | ||
| Q1 25 | -11.0% | 5.2% | ||
| Q4 24 | -15.9% | 10.0% | ||
| Q3 24 | 4.9% | 7.4% | ||
| Q2 24 | 5.1% | 8.7% | ||
| Q1 24 | -13.6% | -3.1% |
资本支出强度PPLTOST
| Q4 25 | 49.5% | 1.0% | ||
| Q3 25 | 51.2% | 0.7% | ||
| Q2 25 | 45.6% | 1.0% | ||
| Q1 25 | 31.2% | 0.7% | ||
| Q4 24 | 39.3% | 1.0% | ||
| Q3 24 | 32.7% | 0.9% | ||
| Q2 24 | 35.8% | 1.3% | ||
| Q1 24 | 25.9% | 1.2% |
现金转化率PPLTOST
| Q4 25 | 2.06× | 1.92× | ||
| Q3 25 | 3.04× | 1.57× | ||
| Q2 25 | 3.29× | 2.79× | ||
| Q1 25 | 1.24× | 1.41× | ||
| Q4 24 | 2.89× | 4.59× | ||
| Q3 24 | 3.65× | 1.95× | ||
| Q2 24 | 4.03× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
