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PPL Corporation（PPL）与Veralto（VLTO）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Veralto的1.7倍（$2.3B vs $1.4B），Veralto净利率更高（17.9% vs 11.3%，领先6.5%），PPL Corporation同比增速更快（7.2% vs 6.8%），Veralto自由现金流更多（$170.0M vs $-614.0M），过去两年Veralto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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
PPL vs VLTO — 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0.5%
6.8%
净利率更高
VLTO
高出6.5%
11.3%
自由现金流更多
VLTO
多$784.0M
$-614.0M
两年增速更快
VLTO
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $266.0M | $254.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 20.3% | 23.8% |
| 净利率 | 11.3% | 17.9% |
| 营收同比 | 7.2% | 6.8% |
| 净利润同比 | 50.3% | 12.9% |
| 每股收益（稀释后） | $0.35 | $1.02 |
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PPLVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B |
净利润PPLVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $266.0M | $239.0M | ||
| Q3 25 | $318.0M | $222.0M | ||
| Q2 25 | $183.0M | $225.0M | ||
| Q1 25 | $414.0M | — | ||
| Q4 24 | $177.0M | $227.0M | ||
| Q3 24 | $214.0M | $219.0M | ||
| Q2 24 | $190.0M | $203.0M |
毛利率PPLVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 59.6% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.1% |
营业利润率PPLVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 20.3% | 23.2% | ||
| Q3 25 | 25.4% | 22.8% | ||
| Q2 25 | 19.9% | 24.2% | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 17.2% | 22.9% | ||
| Q3 24 | 20.6% | 23.4% | ||
| Q2 24 | 20.8% | 23.2% |
净利率PPLVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 11.3% | 17.0% | ||
| Q3 25 | 14.2% | 16.2% | ||
| Q2 25 | 9.0% | 16.9% | ||
| Q1 25 | 16.3% | — | ||
| Q4 24 | 8.1% | 16.9% | ||
| Q3 24 | 10.3% | 16.7% | ||
| Q2 24 | 10.1% | 15.8% |
每股收益（稀释后）PPLVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.35 | $0.95 | ||
| Q3 25 | $0.43 | $0.89 | ||
| Q2 25 | $0.25 | $0.90 | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.23 | $0.91 | ||
| Q3 24 | $0.29 | $0.88 | ||
| Q2 24 | $0.26 | $0.81 |
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 | — |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | — |
| 总资产 | $45.2B | — |
| 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PPLVLTO
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $294.0M | $1.2B | ||
| Q1 25 | $312.0M | — | ||
| Q4 24 | $306.0M | $1.1B | ||
| Q3 24 | $542.0M | $1.3B | ||
| Q2 24 | $282.0M | $1.0B |
总债务PPLVLTO
| Q1 26 | — | — | ||
| Q4 25 | $18.9B | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
股东权益PPLVLTO
| Q1 26 | — | — | ||
| Q4 25 | $14.9B | $2.8B | ||
| Q3 25 | $14.4B | $2.7B | ||
| Q2 25 | $14.3B | $2.3B | ||
| Q1 25 | $14.3B | — | ||
| Q4 24 | $14.1B | $2.0B | ||
| Q3 24 | $14.1B | $2.0B | ||
| Q2 24 | $14.1B | $1.7B |
总资产PPLVLTO
| Q1 26 | — | — | ||
| Q4 25 | $45.2B | $7.4B | ||
| Q3 25 | $43.9B | $7.2B | ||
| Q2 25 | $42.4B | $6.6B | ||
| Q1 25 | $41.8B | — | ||
| Q4 24 | $41.1B | $6.4B | ||
| Q3 24 | $40.5B | $6.3B | ||
| Q2 24 | $39.8B | $5.9B |
负债/权益比PPLVLTO
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.17× | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $170.0M |
| 自由现金流率自由现金流/营收 | -26.1% | 12.0% |
| 资本支出强度资本支出/营收 | 49.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.06× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $893.0M |
8季度趋势，按日历期对齐
经营现金流PPLVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $548.0M | $270.0M | ||
| Q3 25 | $966.0M | $339.0M | ||
| Q2 25 | $602.0M | $157.0M | ||
| Q1 25 | $513.0M | — | ||
| Q4 24 | $511.0M | $285.0M | ||
| Q3 24 | $781.0M | $224.0M | ||
| Q2 24 | $766.0M | $251.0M |
自由现金流PPLVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $-614.0M | $258.0M | ||
| Q3 25 | $-179.0M | $323.0M | ||
| Q2 25 | $-328.0M | $142.0M | ||
| Q1 25 | $-280.0M | — | ||
| Q4 24 | $-349.0M | $263.0M | ||
| Q3 24 | $102.0M | $215.0M | ||
| Q2 24 | $96.0M | $240.0M |
自由现金流率PPLVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | -26.1% | 18.4% | ||
| Q3 25 | -8.0% | 23.6% | ||
| Q2 25 | -16.1% | 10.7% | ||
| Q1 25 | -11.0% | — | ||
| Q4 24 | -15.9% | 19.6% | ||
| Q3 24 | 4.9% | 16.4% | ||
| Q2 24 | 5.1% | 18.6% |
资本支出强度PPLVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 49.5% | 0.9% | ||
| Q3 25 | 51.2% | 1.2% | ||
| Q2 25 | 45.6% | 1.1% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 39.3% | 1.6% | ||
| Q3 24 | 32.7% | 0.7% | ||
| Q2 24 | 35.8% | 0.9% |
现金转化率PPLVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 2.06× | 1.13× | ||
| Q3 25 | 3.04× | 1.53× | ||
| Q2 25 | 3.29× | 0.70× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 2.89× | 1.26× | ||
| Q3 24 | 3.65× | 1.02× | ||
| Q2 24 | 4.03× | 1.24× |
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% |
VLTO
暂无分部数据
