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PPL Corporation（PPL）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是微博公司的1.8倍（$2.3B vs $1.3B），微博公司净利率更高（35.7% vs 11.3%，领先24.4%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
PPL vs WB — 直观对比
营收规模更大
PPL
是对方的1.8倍
$1.3B
净利率更高
WB
高出24.4%
11.3%
两年增速更快
WB
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.3B |
| 净利润 | $266.0M | $458.3M |
| 毛利率 | — | — |
| 营业利润率 | 20.3% | 29.1% |
| 净利率 | 11.3% | 35.7% |
| 营收同比 | 7.2% | — |
| 净利润同比 | 50.3% | — |
| 每股收益（稀释后） | $0.35 | — |
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PPLWB
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.0B | $841.7M | ||
| Q1 25 | $2.5B | $396.9M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $1.9B | $833.4M | ||
| Q1 24 | $2.3B | $395.5M |
净利润PPLWB
| Q4 25 | $266.0M | — | ||
| Q3 25 | $318.0M | $458.3M | ||
| Q2 25 | $183.0M | $234.8M | ||
| Q1 25 | $414.0M | $108.1M | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $214.0M | $297.4M | ||
| Q2 24 | $190.0M | $164.6M | ||
| Q1 24 | $307.0M | $51.1M |
营业利润率PPLWB
| Q4 25 | 20.3% | — | ||
| Q3 25 | 25.4% | 29.1% | ||
| Q2 25 | 19.9% | 30.4% | ||
| Q1 25 | 26.6% | 27.8% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 20.6% | 29.0% | ||
| Q2 24 | 20.8% | 28.2% | ||
| Q1 24 | 23.7% | 25.2% |
净利率PPLWB
| Q4 25 | 11.3% | — | ||
| Q3 25 | 14.2% | 35.7% | ||
| Q2 25 | 9.0% | 27.9% | ||
| Q1 25 | 16.3% | 27.2% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 10.3% | 22.9% | ||
| Q2 24 | 10.1% | 19.8% | ||
| Q1 24 | 13.3% | 12.9% |
每股收益（稀释后）PPLWB
| Q4 25 | $0.35 | — | ||
| Q3 25 | $0.43 | — | ||
| Q2 25 | $0.25 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.23 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $0.26 | — | ||
| Q1 24 | $0.42 | — |
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 | $1.1B |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | $3.9B |
| 总资产 | $45.2B | $6.9B |
| 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PPLWB
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $294.0M | $1.2B | ||
| Q1 25 | $312.0M | $1.2B | ||
| Q4 24 | $306.0M | — | ||
| Q3 24 | $542.0M | — | ||
| Q2 24 | $282.0M | $1.9B | ||
| Q1 24 | $276.0M | $2.1B |
总债务PPLWB
| Q4 25 | $18.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $16.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PPLWB
| Q4 25 | $14.9B | — | ||
| Q3 25 | $14.4B | $3.9B | ||
| Q2 25 | $14.3B | $3.6B | ||
| Q1 25 | $14.3B | $3.5B | ||
| Q4 24 | $14.1B | — | ||
| Q3 24 | $14.1B | — | ||
| Q2 24 | $14.1B | $3.4B | ||
| Q1 24 | $14.1B | $3.3B |
总资产PPLWB
| Q4 25 | $45.2B | — | ||
| Q3 25 | $43.9B | $6.9B | ||
| Q2 25 | $42.4B | $6.5B | ||
| Q1 25 | $41.8B | $6.7B | ||
| Q4 24 | $41.1B | — | ||
| Q3 24 | $40.5B | — | ||
| Q2 24 | $39.8B | $7.1B | ||
| Q1 24 | $39.6B | $7.3B |
负债/权益比PPLWB
| 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 | — |
| 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PPLWB
| Q4 25 | $548.0M | — | ||
| Q3 25 | $966.0M | — | ||
| Q2 25 | $602.0M | — | ||
| Q1 25 | $513.0M | — | ||
| Q4 24 | $511.0M | — | ||
| Q3 24 | $781.0M | — | ||
| Q2 24 | $766.0M | — | ||
| Q1 24 | $282.0M | — |
自由现金流PPLWB
| Q4 25 | $-614.0M | — | ||
| Q3 25 | $-179.0M | — | ||
| Q2 25 | $-328.0M | — | ||
| Q1 25 | $-280.0M | — | ||
| Q4 24 | $-349.0M | — | ||
| Q3 24 | $102.0M | — | ||
| Q2 24 | $96.0M | — | ||
| Q1 24 | $-314.0M | — |
自由现金流率PPLWB
| Q4 25 | -26.1% | — | ||
| Q3 25 | -8.0% | — | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -11.0% | — | ||
| Q4 24 | -15.9% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | -13.6% | — |
资本支出强度PPLWB
| Q4 25 | 49.5% | — | ||
| Q3 25 | 51.2% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 39.3% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 35.8% | — | ||
| Q1 24 | 25.9% | — |
现金转化率PPLWB
| Q4 25 | 2.06× | — | ||
| Q3 25 | 3.04× | — | ||
| Q2 25 | 3.29× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 4.03× | — | ||
| 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
