vs
Southern Company（SO）与Talen Energy Corp（TLN）财务数据对比。点击上方公司名可切换其他公司
Southern Company的季度营收约是Talen Energy Corp的9.2倍（$7.0B vs $758.0M）。Southern Company净利率更高（4.9% vs -47.9%，领先52.8%）。Talen Energy Corp同比增速更快（114.7% vs 10.1%）。Talen Energy Corp自由现金流更多（$254.0M vs $-1.7B）。过去两年Talen Energy Corp的营收复合增速更高（35.0% vs 2.5%）
Southern Company是美国燃气电力公用事业控股企业，总部位于佐治亚州亚特兰大，在阿拉巴马州伯明翰设有行政办公室。截至2021年按用户规模计为美国第二大公用事业公司，旗下子公司覆盖6个州，为900万燃气及电力用户提供服务，供电区域达12万平方英里。
PPL公司是总部位于美国宾夕法尼亚州东部利哈伊谷阿伦敦的能源企业，于纽约证券交易所上市（股票代码：PPL），属标普500指数成分股。截至2022年，公司营收79亿美元，总资产超370亿美元，拥有6500名员工，服务360万客户。
SO vs TLN — 直观对比
营收规模更大
SO
是对方的9.2倍
$758.0M
营收增速更快
TLN
高出104.6%
10.1%
净利率更高
SO
高出52.8%
-47.9%
自由现金流更多
TLN
多$1.9B
$-1.7B
两年增速更快
TLN
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $758.0M |
| 净利润 | $341.0M | $-363.0M |
| 毛利率 | — | — |
| 营业利润率 | 13.1% | -41.3% |
| 净利率 | 4.9% | -47.9% |
| 营收同比 | 10.1% | 114.7% |
| 净利润同比 | -26.8% | -542.7% |
| 每股收益（稀释后） | $0.38 | $-7.60 |
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SOTLN
| Q4 25 | $7.0B | $758.0M | ||
| Q3 25 | $7.8B | $697.0M | ||
| Q2 25 | $7.0B | $409.0M | ||
| Q1 25 | $7.8B | $654.0M | ||
| Q4 24 | $6.3B | $353.0M | ||
| Q3 24 | $7.3B | $459.0M | ||
| Q2 24 | $6.5B | $346.0M | ||
| Q1 24 | $6.6B | $416.0M |
净利润SOTLN
| Q4 25 | $341.0M | $-363.0M | ||
| Q3 25 | $1.7B | $207.0M | ||
| Q2 25 | $880.0M | $72.0M | ||
| Q1 25 | $1.3B | $-135.0M | ||
| Q4 24 | $466.0M | $82.0M | ||
| Q3 24 | $1.5B | $168.0M | ||
| Q2 24 | $1.2B | $454.0M | ||
| Q1 24 | $1.1B | $294.0M |
营业利润率SOTLN
| Q4 25 | 13.1% | -41.3% | ||
| Q3 25 | 33.2% | 37.7% | ||
| Q2 25 | 25.3% | 16.1% | ||
| Q1 25 | 25.9% | -16.2% | ||
| Q4 24 | 16.7% | 4.5% | ||
| Q3 24 | 32.6% | 34.4% | ||
| Q2 24 | 30.0% | 7.8% | ||
| Q1 24 | 25.6% | 6.0% |
净利率SOTLN
| Q4 25 | 4.9% | -47.9% | ||
| Q3 25 | 21.9% | 29.7% | ||
| Q2 25 | 12.6% | 17.6% | ||
| Q1 25 | 16.3% | -20.6% | ||
| Q4 24 | 7.3% | 23.2% | ||
| Q3 24 | 21.1% | 36.6% | ||
| Q2 24 | 18.6% | 131.2% | ||
| Q1 24 | 16.1% | 70.7% |
每股收益（稀释后）SOTLN
| Q4 25 | $0.38 | $-7.60 | ||
| Q3 25 | $1.54 | $4.25 | ||
| Q2 25 | $0.79 | $1.50 | ||
| Q1 25 | $1.21 | $-2.94 | ||
| Q4 24 | $0.48 | $2.07 | ||
| Q3 24 | $1.39 | $3.16 | ||
| Q2 24 | $1.09 | $7.60 | ||
| Q1 24 | $1.03 | $4.84 |
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 | $1.6B | $689.0M |
| 总债务越低越好 | $65.6B | $6.8B |
| 股东权益账面价值 | $36.0B | $1.1B |
| 总资产 | $155.7B | $10.9B |
| 负债/权益比越低杠杆越低 | 1.82× | 6.23× |
8季度趋势，按日历期对齐
现金及短期投资SOTLN
| Q4 25 | $1.6B | $689.0M | ||
| Q3 25 | $3.3B | $497.0M | ||
| Q2 25 | $1.3B | $122.0M | ||
| Q1 25 | $2.3B | $295.0M | ||
| Q4 24 | $1.1B | $328.0M | ||
| Q3 24 | $1.0B | $648.0M | ||
| Q2 24 | $1.2B | $632.0M | ||
| Q1 24 | $713.0M | — |
总债务SOTLN
| Q4 25 | $65.6B | $6.8B | ||
| Q3 25 | $64.6B | $3.0B | ||
| Q2 25 | $63.0B | $3.0B | ||
| Q1 25 | $62.9B | $3.0B | ||
| Q4 24 | $58.8B | $3.0B | ||
| Q3 24 | $61.3B | $2.6B | ||
| Q2 24 | $59.9B | $2.6B | ||
| Q1 24 | $59.4B | — |
股东权益SOTLN
| Q4 25 | $36.0B | $1.1B | ||
| Q3 25 | $38.3B | $1.5B | ||
| Q2 25 | $37.3B | $1.2B | ||
| Q1 25 | $37.2B | $1.2B | ||
| Q4 24 | $33.2B | $1.4B | ||
| Q3 24 | $36.9B | $2.4B | ||
| Q2 24 | $36.1B | $2.5B | ||
| Q1 24 | $35.6B | $2.8B |
总资产SOTLN
| Q4 25 | $155.7B | $10.9B | ||
| Q3 25 | $153.2B | $6.1B | ||
| Q2 25 | $148.9B | $5.8B | ||
| Q1 25 | $148.1B | $5.9B | ||
| Q4 24 | $145.2B | $6.1B | ||
| Q3 24 | $144.0B | $6.8B | ||
| Q2 24 | $141.9B | $7.1B | ||
| Q1 24 | $140.1B | — |
负债/权益比SOTLN
| Q4 25 | 1.82× | 6.23× | ||
| Q3 25 | 1.69× | 2.03× | ||
| Q2 25 | 1.69× | 2.40× | ||
| Q1 25 | 1.69× | 2.54× | ||
| Q4 24 | 1.77× | 2.17× | ||
| Q3 24 | 1.66× | 1.10× | ||
| Q2 24 | 1.66× | 1.05× | ||
| Q1 24 | 1.67× | — |
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 | $2.6B | $280.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.7B | $254.0M |
| 自由现金流率自由现金流/营收 | -24.2% | 33.5% |
| 资本支出强度资本支出/营收 | 61.4% | 3.4% |
| 现金转化率经营现金流/净利润 | 7.62× | — |
| 过去12个月自由现金流最近4个季度 | $-2.9B | $606.0M |
8季度趋势，按日历期对齐
经营现金流SOTLN
| Q4 25 | $2.6B | $280.0M | ||
| Q3 25 | $3.8B | $489.0M | ||
| Q2 25 | $2.2B | $-184.0M | ||
| Q1 25 | $1.3B | $119.0M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $3.6B | $96.0M | ||
| Q2 24 | $2.7B | $-23.0M | ||
| Q1 24 | $1.3B | $173.0M |
自由现金流SOTLN
| Q4 25 | $-1.7B | $254.0M | ||
| Q3 25 | $559.0M | $468.0M | ||
| Q2 25 | $-619.0M | $-217.0M | ||
| Q1 25 | $-1.2B | $101.0M | ||
| Q4 24 | $-576.0M | — | ||
| Q3 24 | $1.3B | $83.0M | ||
| Q2 24 | $563.0M | $-43.0M | ||
| Q1 24 | $-459.0M | $148.0M |
自由现金流率SOTLN
| Q4 25 | -24.2% | 33.5% | ||
| Q3 25 | 7.1% | 67.1% | ||
| Q2 25 | -8.9% | -53.1% | ||
| Q1 25 | -15.3% | 15.4% | ||
| Q4 24 | -9.1% | — | ||
| Q3 24 | 17.9% | 18.1% | ||
| Q2 24 | 8.7% | -12.4% | ||
| Q1 24 | -6.9% | 35.6% |
资本支出强度SOTLN
| Q4 25 | 61.4% | 3.4% | ||
| Q3 25 | 41.1% | 3.0% | ||
| Q2 25 | 40.2% | 8.1% | ||
| Q1 25 | 31.3% | 2.8% | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | 31.8% | 2.8% | ||
| Q2 24 | 32.9% | 5.8% | ||
| Q1 24 | 26.6% | 6.0% |
现金转化率SOTLN
| Q4 25 | 7.62× | — | ||
| Q3 25 | 2.21× | 2.36× | ||
| Q2 25 | 2.48× | -2.56× | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 4.66× | — | ||
| Q3 24 | 2.36× | 0.57× | ||
| Q2 24 | 2.23× | -0.05× | ||
| Q1 24 | 1.22× | 0.59× |
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
SO
| Other | $3.9B | 57% |
| Retail Electric Commercial | $1.6B | 23% |
| Natural Gas Distribution Residential | $689.0M | 10% |
| Natural Gas Distribution Transportation | $371.0M | 5% |
| Wholesale Non Affiliates | $123.0M | 2% |
| Natural Gas Distribution Other | $76.0M | 1% |
| Wholesale Electric Non PPA Revenues | $62.0M | 1% |
| Wholesale Affiliates | $55.0M | 1% |
| Retail Electric Other | $31.0M | 0% |
| Alternative Energy | $20.0M | 0% |
| Natural Gas Distribution Industrial | $15.0M | 0% |
TLN
| Electricity Sales And Ancillary Services | $555.0M | 73% |
| Operating Revenue Capacity | $182.0M | 24% |
| Physical Electricity Sales Bilateral Contracts Other | $21.0M | 3% |
