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PPL Corporation（PPL）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是PPL Corporation的1.1倍（$2.6B vs $2.3B），维谛技术净利率更高（14.7% vs 11.3%，领先3.4%），维谛技术同比增速更快（30.1% vs 7.2%），维谛技术自由现金流更多（$652.8M vs $-614.0M），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
PPL vs VRT — 直观对比
营收规模更大
VRT
是对方的1.1倍
$2.3B
营收增速更快
VRT
高出22.9%
7.2%
净利率更高
VRT
高出3.4%
11.3%
自由现金流更多
VRT
多$1.3B
$-614.0M
两年增速更快
VRT
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.6B |
| 净利润 | $266.0M | $390.1M |
| 毛利率 | — | 37.7% |
| 营业利润率 | 20.3% | — |
| 净利率 | 11.3% | 14.7% |
| 营收同比 | 7.2% | 30.1% |
| 净利润同比 | 50.3% | — |
| 每股收益（稀释后） | $0.35 | $0.99 |
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PPLVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $2.5B | $2.0B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $1.9B | $2.0B |
净利润PPLVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $266.0M | $445.6M | ||
| Q3 25 | $318.0M | $398.5M | ||
| Q2 25 | $183.0M | $324.2M | ||
| Q1 25 | $414.0M | $164.5M | ||
| Q4 24 | $177.0M | $147.0M | ||
| Q3 24 | $214.0M | $176.6M | ||
| Q2 24 | $190.0M | $178.1M |
毛利率PPLVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 38.0% |
营业利润率PPLVRT
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | 20.1% | ||
| Q3 25 | 25.4% | 19.3% | ||
| Q2 25 | 19.9% | 16.8% | ||
| Q1 25 | 26.6% | 14.3% | ||
| Q4 24 | 17.2% | 19.5% | ||
| Q3 24 | 20.6% | 17.9% | ||
| Q2 24 | 20.8% | 17.2% |
净利率PPLVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 11.3% | 15.5% | ||
| Q3 25 | 14.2% | 14.9% | ||
| Q2 25 | 9.0% | 12.3% | ||
| Q1 25 | 16.3% | 8.1% | ||
| Q4 24 | 8.1% | 6.3% | ||
| Q3 24 | 10.3% | 8.5% | ||
| Q2 24 | 10.1% | 9.1% |
每股收益（稀释后）PPLVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.35 | $1.14 | ||
| Q3 25 | $0.43 | $1.02 | ||
| Q2 25 | $0.25 | $0.83 | ||
| Q1 25 | $0.56 | $0.42 | ||
| Q4 24 | $0.23 | $0.38 | ||
| Q3 24 | $0.29 | $0.46 | ||
| Q2 24 | $0.26 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $18.9B | $0 |
| 股东权益账面价值 | $14.9B | $4.2B |
| 总资产 | $45.2B | $13.4B |
| 负债/权益比越低杠杆越低 | 1.27× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PPLVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $294.0M | $1.6B | ||
| Q1 25 | $312.0M | $1.5B | ||
| Q4 24 | $306.0M | $1.2B | ||
| Q3 24 | $542.0M | $908.7M | ||
| Q2 24 | $282.0M | $579.7M |
总债务PPLVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $18.9B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $16.5B | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
股东权益PPLVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $14.9B | $3.9B | ||
| Q3 25 | $14.4B | $3.5B | ||
| Q2 25 | $14.3B | $3.1B | ||
| Q1 25 | $14.3B | $2.7B | ||
| Q4 24 | $14.1B | $2.4B | ||
| Q3 24 | $14.1B | $1.8B | ||
| Q2 24 | $14.1B | $1.5B |
总资产PPLVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $45.2B | $12.2B | ||
| Q3 25 | $43.9B | $10.8B | ||
| Q2 25 | $42.4B | $10.4B | ||
| Q1 25 | $41.8B | $9.5B | ||
| Q4 24 | $41.1B | $9.1B | ||
| Q3 24 | $40.5B | $8.9B | ||
| Q2 24 | $39.8B | $8.1B |
负债/权益比PPLVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.27× | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 1.17× | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | $652.8M |
| 自由现金流率自由现金流/营收 | -26.1% | 24.6% |
| 资本支出强度资本支出/营收 | 49.5% | 4.2% |
| 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 | $2.3B |
8季度趋势，按日历期对齐
经营现金流PPLVRT
| Q1 26 | — | — | ||
| Q4 25 | $548.0M | $978.9M | ||
| Q3 25 | $966.0M | $508.7M | ||
| Q2 25 | $602.0M | $322.9M | ||
| Q1 25 | $513.0M | $303.3M | ||
| Q4 24 | $511.0M | $425.2M | ||
| Q3 24 | $781.0M | $378.2M | ||
| Q2 24 | $766.0M | $378.4M |
自由现金流PPLVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $-614.0M | $885.6M | ||
| Q3 25 | $-179.0M | $463.5M | ||
| Q2 25 | $-328.0M | $277.9M | ||
| Q1 25 | $-280.0M | $266.8M | ||
| Q4 24 | $-349.0M | $364.5M | ||
| Q3 24 | $102.0M | $341.8M | ||
| Q2 24 | $96.0M | $344.3M |
自由现金流率PPLVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | -26.1% | 30.8% | ||
| Q3 25 | -8.0% | 17.3% | ||
| Q2 25 | -16.1% | 10.5% | ||
| Q1 25 | -11.0% | 13.1% | ||
| Q4 24 | -15.9% | 15.5% | ||
| Q3 24 | 4.9% | 16.5% | ||
| Q2 24 | 5.1% | 17.6% |
资本支出强度PPLVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 49.5% | 3.2% | ||
| Q3 25 | 51.2% | 1.7% | ||
| Q2 25 | 45.6% | 1.7% | ||
| Q1 25 | 31.2% | 1.8% | ||
| Q4 24 | 39.3% | 2.6% | ||
| Q3 24 | 32.7% | 1.8% | ||
| Q2 24 | 35.8% | 1.7% |
现金转化率PPLVRT
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | 2.20× | ||
| Q3 25 | 3.04× | 1.28× | ||
| Q2 25 | 3.29× | 1.00× | ||
| Q1 25 | 1.24× | 1.84× | ||
| Q4 24 | 2.89× | 2.89× | ||
| Q3 24 | 3.65× | 2.14× | ||
| Q2 24 | 4.03× | 2.12× |
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% |
VRT
暂无分部数据
