vs
null（SWIM）与Via Renewables, Inc.（VIASP）财务数据对比。点击上方公司名可切换其他公司
Via Renewables, Inc.的季度营收约是null的1.3倍（$127.8M vs $100.0M），Via Renewables, Inc.净利率更高（5.4% vs -7.0%，领先12.4%），Via Renewables, Inc.同比增速更快（22.5% vs 14.5%），null自由现金流更多（$14.1M vs $-4.8M），过去两年Via Renewables, Inc.的营收复合增速更高（5.9% vs -4.9%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
EDF电力解决方案是法国电力集团旗下全资子公司，专注可再生能源发电业务。作为一体化运营商，该集团开展可再生能源项目开发与融资，推进设施建设，同时为自有及第三方的可再生能源项目提供运营与维护服务。
SWIM vs VIASP — 直观对比
营收规模更大
VIASP
是对方的1.3倍
$100.0M
营收增速更快
VIASP
高出8.0%
14.5%
净利率更高
VIASP
高出12.4%
-7.0%
自由现金流更多
SWIM
多$18.9M
$-4.8M
两年增速更快
VIASP
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $127.8M |
| 净利润 | $-7.0M | $6.9M |
| 毛利率 | 28.0% | 34.4% |
| 营业利润率 | -10.7% | 15.2% |
| 净利率 | -7.0% | 5.4% |
| 营收同比 | 14.5% | 22.5% |
| 净利润同比 | 76.0% | -30.9% |
| 每股收益（稀释后） | $-0.06 | $1.19 |
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SWIMVIASP
| Q4 25 | $100.0M | $127.8M | ||
| Q3 25 | $161.9M | $103.3M | ||
| Q2 25 | $172.6M | $90.0M | ||
| Q1 25 | $111.4M | $142.3M | ||
| Q4 24 | $87.3M | $104.3M | ||
| Q3 24 | $150.5M | $93.8M | ||
| Q2 24 | $160.1M | $86.7M | ||
| Q1 24 | $110.6M | $114.1M |
净利润SWIMVIASP
| Q4 25 | $-7.0M | $6.9M | ||
| Q3 25 | $8.1M | $757.0K | ||
| Q2 25 | $16.0M | $2.7M | ||
| Q1 25 | $-6.0M | $8.8M | ||
| Q4 24 | $-29.2M | $9.9M | ||
| Q3 24 | $5.9M | $2.1M | ||
| Q2 24 | $13.3M | $7.6M | ||
| Q1 24 | $-7.9M | $8.6M |
毛利率SWIMVIASP
| Q4 25 | 28.0% | 34.4% | ||
| Q3 25 | 35.4% | 23.1% | ||
| Q2 25 | 37.1% | 30.0% | ||
| Q1 25 | 29.5% | 32.9% | ||
| Q4 24 | 24.6% | 51.9% | ||
| Q3 24 | 32.4% | 26.8% | ||
| Q2 24 | 33.1% | 50.4% | ||
| Q1 24 | 27.7% | 39.5% |
营业利润率SWIMVIASP
| Q4 25 | -10.7% | 15.2% | ||
| Q3 25 | 13.3% | 3.1% | ||
| Q2 25 | 14.3% | 6.7% | ||
| Q1 25 | -4.4% | 17.5% | ||
| Q4 24 | -14.9% | 31.5% | ||
| Q3 24 | 8.9% | 5.3% | ||
| Q2 24 | 12.5% | 23.8% | ||
| Q1 24 | -1.9% | 22.6% |
净利率SWIMVIASP
| Q4 25 | -7.0% | 5.4% | ||
| Q3 25 | 5.0% | 0.7% | ||
| Q2 25 | 9.3% | 3.0% | ||
| Q1 25 | -5.4% | 6.2% | ||
| Q4 24 | -33.4% | 9.5% | ||
| Q3 24 | 3.9% | 2.3% | ||
| Q2 24 | 8.3% | 8.8% | ||
| Q1 24 | -7.1% | 7.5% |
每股收益（稀释后）SWIMVIASP
| Q4 25 | $-0.06 | $1.19 | ||
| Q3 25 | $0.07 | $-0.41 | ||
| Q2 25 | $0.13 | $0.09 | ||
| Q1 25 | $-0.05 | $1.83 | ||
| Q4 24 | $-0.24 | $2.33 | ||
| Q3 24 | $0.05 | $-0.17 | ||
| Q2 24 | $0.11 | $1.51 | ||
| Q1 24 | $-0.07 | $1.81 |
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 | — | $41.8M |
| 总债务越低越好 | $279.8M | $120.0M |
| 股东权益账面价值 | $405.9M | $67.7M |
| 总资产 | $823.2M | $331.3M |
| 负债/权益比越低杠杆越低 | 0.69× | 1.77× |
8季度趋势，按日历期对齐
现金及短期投资SWIMVIASP
| Q4 25 | — | $41.8M | ||
| Q3 25 | — | $53.6M | ||
| Q2 25 | — | $62.1M | ||
| Q1 25 | — | $64.7M | ||
| Q4 24 | — | $53.1M | ||
| Q3 24 | — | $66.6M | ||
| Q2 24 | — | $53.6M | ||
| Q1 24 | — | $50.4M |
总债务SWIMVIASP
| Q4 25 | $279.8M | $120.0M | ||
| Q3 25 | $281.1M | $105.0M | ||
| Q2 25 | $281.5M | $100.0M | ||
| Q1 25 | $306.9M | $101.0M | ||
| Q4 24 | $281.5M | $106.0M | ||
| Q3 24 | $282.8M | $89.0M | ||
| Q2 24 | $282.4M | $93.0M | ||
| Q1 24 | $282.8M | $91.0M |
股东权益SWIMVIASP
| Q4 25 | $405.9M | $67.7M | ||
| Q3 25 | $408.4M | $63.7M | ||
| Q2 25 | $398.4M | $68.2M | ||
| Q1 25 | $381.1M | $72.7M | ||
| Q4 24 | $387.2M | $66.7M | ||
| Q3 24 | $416.6M | $58.2M | ||
| Q2 24 | $408.1M | $58.3M | ||
| Q1 24 | $391.8M | $53.2M |
总资产SWIMVIASP
| Q4 25 | $823.2M | $331.3M | ||
| Q3 25 | $844.4M | $304.8M | ||
| Q2 25 | $822.1M | $316.3M | ||
| Q1 25 | $824.6M | $347.4M | ||
| Q4 24 | $794.2M | $344.9M | ||
| Q3 24 | $853.4M | $298.4M | ||
| Q2 24 | $830.0M | $299.7M | ||
| Q1 24 | $808.6M | $302.7M |
负债/权益比SWIMVIASP
| Q4 25 | 0.69× | 1.77× | ||
| Q3 25 | 0.69× | 1.65× | ||
| Q2 25 | 0.71× | 1.47× | ||
| Q1 25 | 0.81× | 1.39× | ||
| Q4 24 | 0.73× | 1.59× | ||
| Q3 24 | 0.68× | 1.53× | ||
| Q2 24 | 0.69× | 1.60× | ||
| Q1 24 | 0.72× | 1.71× |
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 | $23.3M | $-4.2M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $-4.8M |
| 自由现金流率自由现金流/营收 | 14.1% | -3.7% |
| 资本支出强度资本支出/营收 | 9.2% | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.61× |
| 过去12个月自由现金流最近4个季度 | $38.0M | $39.1M |
8季度趋势，按日历期对齐
经营现金流SWIMVIASP
| Q4 25 | $23.3M | $-4.2M | ||
| Q3 25 | $51.0M | $2.4M | ||
| Q2 25 | $36.0M | $19.0M | ||
| Q1 25 | $-46.9M | $24.9M | ||
| Q4 24 | $6.2M | $2.0M | ||
| Q3 24 | $37.2M | $20.1M | ||
| Q2 24 | $52.4M | $11.2M | ||
| Q1 24 | $-34.5M | $17.1M |
自由现金流SWIMVIASP
| Q4 25 | $14.1M | $-4.8M | ||
| Q3 25 | $45.2M | $1.9M | ||
| Q2 25 | $29.1M | $18.4M | ||
| Q1 25 | $-50.3M | $23.5M | ||
| Q4 24 | $-98.0K | $1.6M | ||
| Q3 24 | $33.2M | $19.7M | ||
| Q2 24 | $47.9M | $10.9M | ||
| Q1 24 | $-39.9M | $16.6M |
自由现金流率SWIMVIASP
| Q4 25 | 14.1% | -3.7% | ||
| Q3 25 | 27.9% | 1.9% | ||
| Q2 25 | 16.8% | 20.5% | ||
| Q1 25 | -45.2% | 16.5% | ||
| Q4 24 | -0.1% | 1.5% | ||
| Q3 24 | 22.1% | 21.0% | ||
| Q2 24 | 29.9% | 12.6% | ||
| Q1 24 | -36.0% | 14.6% |
资本支出强度SWIMVIASP
| Q4 25 | 9.2% | 0.4% | ||
| Q3 25 | 3.6% | 0.4% | ||
| Q2 25 | 4.0% | 0.6% | ||
| Q1 25 | 3.1% | 1.0% | ||
| Q4 24 | 7.2% | 0.4% | ||
| Q3 24 | 2.7% | 0.4% | ||
| Q2 24 | 2.8% | 0.3% | ||
| Q1 24 | 4.8% | 0.4% |
现金转化率SWIMVIASP
| Q4 25 | — | -0.61× | ||
| Q3 25 | 6.29× | 3.12× | ||
| Q2 25 | 2.25× | 6.94× | ||
| Q1 25 | — | 2.84× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | 6.32× | 9.41× | ||
| Q2 24 | 3.95× | 1.47× | ||
| Q1 24 | — | 2.00× |
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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
VIASP
| Retail Electricity | $79.7M | 62% |
| Retail Natural Gas | $48.9M | 38% |
