vs
PPL Corporation（PPL）与UGI CORP（UGI）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UGI CORP的1.1倍（$2.3B vs $2.1B），UGI CORP净利率更高（14.4% vs 11.3%，领先3.1%），PPL Corporation同比增速更快（7.2% vs 3.9%），UGI CORP自由现金流更多（$-155.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -7.5%）
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。
UGI公司是总部位于美国宾夕法尼亚州普鲁士王市的能源企业，主营天然气与电力配送业务，布局覆盖范围广泛，在美国本土及欧洲地区均拥有成熟运营网络，为当地用户提供稳定可靠的能源配送服务。
PPL vs UGI — 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
PPL
高出3.3%
3.9%
净利率更高
UGI
高出3.1%
11.3%
自由现金流更多
UGI
多$459.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.1B |
| 净利润 | $266.0M | $297.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.3% | 22.0% |
| 净利率 | 11.3% | 14.4% |
| 营收同比 | 7.2% | 3.9% |
| 净利润同比 | 50.3% | -20.8% |
| 每股收益（稀释后） | $0.35 | $1.34 |
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PPLUGI
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.9B | $1.4B | ||
| Q1 24 | $2.3B | $2.4B |
净利润PPLUGI
| Q4 25 | $266.0M | $297.0M | ||
| Q3 25 | $318.0M | $-13.0M | ||
| Q2 25 | $183.0M | $-163.0M | ||
| Q1 25 | $414.0M | $479.0M | ||
| Q4 24 | $177.0M | $375.0M | ||
| Q3 24 | $214.0M | $-273.0M | ||
| Q2 24 | $190.0M | $-48.0M | ||
| Q1 24 | $307.0M | $496.0M |
营业利润率PPLUGI
| Q4 25 | 20.3% | 22.0% | ||
| Q3 25 | 25.4% | 1.1% | ||
| Q2 25 | 19.9% | -6.8% | ||
| Q1 25 | 26.6% | 26.6% | ||
| Q4 24 | 17.2% | 24.5% | ||
| Q3 24 | 20.6% | -20.4% | ||
| Q2 24 | 20.8% | 5.0% | ||
| Q1 24 | 23.7% | 29.7% |
净利率PPLUGI
| Q4 25 | 11.3% | 14.4% | ||
| Q3 25 | 14.2% | -1.1% | ||
| Q2 25 | 9.0% | -12.0% | ||
| Q1 25 | 16.3% | 18.2% | ||
| Q4 24 | 8.1% | 18.9% | ||
| Q3 24 | 10.3% | -22.6% | ||
| Q2 24 | 10.1% | -3.6% | ||
| Q1 24 | 13.3% | 20.6% |
每股收益（稀释后）PPLUGI
| Q4 25 | $0.35 | $1.34 | ||
| Q3 25 | $0.43 | $-0.08 | ||
| Q2 25 | $0.25 | $-0.76 | ||
| Q1 25 | $0.56 | $2.19 | ||
| Q4 24 | $0.23 | $1.74 | ||
| Q3 24 | $0.29 | $-1.26 | ||
| Q2 24 | $0.26 | $-0.23 | ||
| Q1 24 | $0.42 | $2.30 |
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 | $251.0M |
| 总债务越低越好 | $18.9B | $6.0B |
| 股东权益账面价值 | $14.9B | $5.0B |
| 总资产 | $45.2B | $15.8B |
| 负债/权益比越低杠杆越低 | 1.27× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资PPLUGI
| Q4 25 | $1.1B | $251.0M | ||
| Q3 25 | $1.1B | $335.0M | ||
| Q2 25 | $294.0M | $350.0M | ||
| Q1 25 | $312.0M | $426.0M | ||
| Q4 24 | $306.0M | $240.0M | ||
| Q3 24 | $542.0M | $213.0M | ||
| Q2 24 | $282.0M | $183.0M | ||
| Q1 24 | $276.0M | $263.0M |
总债务PPLUGI
| Q4 25 | $18.9B | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | $16.5B | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
股东权益PPLUGI
| Q4 25 | $14.9B | $5.0B | ||
| Q3 25 | $14.4B | $4.8B | ||
| Q2 25 | $14.3B | $4.9B | ||
| Q1 25 | $14.3B | $5.0B | ||
| Q4 24 | $14.1B | $4.6B | ||
| Q3 24 | $14.1B | $4.3B | ||
| Q2 24 | $14.1B | $4.7B | ||
| Q1 24 | $14.1B | $4.8B |
总资产PPLUGI
| Q4 25 | $45.2B | $15.8B | ||
| Q3 25 | $43.9B | $15.5B | ||
| Q2 25 | $42.4B | $15.4B | ||
| Q1 25 | $41.8B | $15.7B | ||
| Q4 24 | $41.1B | $15.4B | ||
| Q3 24 | $40.5B | $15.1B | ||
| Q2 24 | $39.8B | $15.1B | ||
| Q1 24 | $39.6B | $15.6B |
负债/权益比PPLUGI
| Q4 25 | 1.27× | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 1.17× | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $-155.0M |
| 自由现金流率自由现金流/营收 | -26.1% | -7.5% |
| 资本支出强度资本支出/营收 | 49.5% | 10.7% |
| 现金转化率经营现金流/净利润 | 2.06× | 0.22× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $282.0M |
8季度趋势，按日历期对齐
经营现金流PPLUGI
| Q4 25 | $548.0M | $66.0M | ||
| Q3 25 | $966.0M | $90.0M | ||
| Q2 25 | $602.0M | $289.0M | ||
| Q1 25 | $513.0M | $684.0M | ||
| Q4 24 | $511.0M | $164.0M | ||
| Q3 24 | $781.0M | $151.0M | ||
| Q2 24 | $766.0M | $390.0M | ||
| Q1 24 | $282.0M | $522.0M |
自由现金流PPLUGI
| Q4 25 | $-614.0M | $-155.0M | ||
| Q3 25 | $-179.0M | $-168.0M | ||
| Q2 25 | $-328.0M | $67.0M | ||
| Q1 25 | $-280.0M | $538.0M | ||
| Q4 24 | $-349.0M | $-47.0M | ||
| Q3 24 | $102.0M | $-115.0M | ||
| Q2 24 | $96.0M | $185.0M | ||
| Q1 24 | $-314.0M | $353.0M |
自由现金流率PPLUGI
| Q4 25 | -26.1% | -7.5% | ||
| Q3 25 | -8.0% | -14.4% | ||
| Q2 25 | -16.1% | 4.9% | ||
| Q1 25 | -11.0% | 20.4% | ||
| Q4 24 | -15.9% | -2.4% | ||
| Q3 24 | 4.9% | -9.5% | ||
| Q2 24 | 5.1% | 13.7% | ||
| Q1 24 | -13.6% | 14.6% |
资本支出强度PPLUGI
| Q4 25 | 49.5% | 10.7% | ||
| Q3 25 | 51.2% | 22.1% | ||
| Q2 25 | 45.6% | 16.3% | ||
| Q1 25 | 31.2% | 5.5% | ||
| Q4 24 | 39.3% | 10.6% | ||
| Q3 24 | 32.7% | 22.0% | ||
| Q2 24 | 35.8% | 15.2% | ||
| Q1 24 | 25.9% | 7.0% |
现金转化率PPLUGI
| Q4 25 | 2.06× | 0.22× | ||
| Q3 25 | 3.04× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 1.24× | 1.43× | ||
| Q4 24 | 2.89× | 0.44× | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 4.03× | — | ||
| Q1 24 | 0.92× | 1.05× |
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% |
UGI
暂无分部数据
