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UGI CORP（UGI）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
UGI CORP的季度营收约是Vulcan Materials Company的1.1倍（$2.1B vs $1.9B），UGI CORP净利率更高（14.4% vs 13.2%，领先1.2%），UGI CORP同比增速更快（3.9% vs 3.2%），Vulcan Materials Company自由现金流更多（$358.2M vs $-155.0M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% vs -7.5%）
UGI公司是总部位于美国宾夕法尼亚州普鲁士王市的能源企业，主营天然气与电力配送业务，布局覆盖范围广泛，在美国本土及欧洲地区均拥有成熟运营网络，为当地用户提供稳定可靠的能源配送服务。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
UGI vs VMC — 直观对比
营收规模更大
UGI
是对方的1.1倍
$1.9B
营收增速更快
UGI
高出0.7%
3.2%
净利率更高
UGI
高出1.2%
13.2%
自由现金流更多
VMC
多$513.2M
$-155.0M
两年增速更快
VMC
近两年复合增速
-7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.9B |
| 净利润 | $297.0M | $252.0M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 22.0% | 19.8% |
| 净利率 | 14.4% | 13.2% |
| 营收同比 | 3.9% | 3.2% |
| 净利润同比 | -20.8% | -14.2% |
| 每股收益（稀释后） | $1.34 | $1.90 |
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UGIVMC
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $2.4B | $1.5B |
净利润UGIVMC
| Q4 25 | $297.0M | $252.0M | ||
| Q3 25 | $-13.0M | $374.9M | ||
| Q2 25 | $-163.0M | $320.9M | ||
| Q1 25 | $479.0M | $128.9M | ||
| Q4 24 | $375.0M | $293.6M | ||
| Q3 24 | $-273.0M | $207.6M | ||
| Q2 24 | $-48.0M | $308.0M | ||
| Q1 24 | $496.0M | $102.7M |
毛利率UGIVMC
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 19.7% |
营业利润率UGIVMC
| Q4 25 | 22.0% | 19.8% | ||
| Q3 25 | 1.1% | 23.7% | ||
| Q2 25 | -6.8% | 22.4% | ||
| Q1 25 | 26.6% | 13.9% | ||
| Q4 24 | 24.5% | 21.6% | ||
| Q3 24 | -20.4% | 16.8% | ||
| Q2 24 | 5.0% | 22.5% | ||
| Q1 24 | 29.7% | 11.2% |
净利率UGIVMC
| Q4 25 | 14.4% | 13.2% | ||
| Q3 25 | -1.1% | 16.4% | ||
| Q2 25 | -12.0% | 15.3% | ||
| Q1 25 | 18.2% | 7.9% | ||
| Q4 24 | 18.9% | 15.8% | ||
| Q3 24 | -22.6% | 10.4% | ||
| Q2 24 | -3.6% | 15.3% | ||
| Q1 24 | 20.6% | 6.6% |
每股收益（稀释后）UGIVMC
| Q4 25 | $1.34 | $1.90 | ||
| Q3 25 | $-0.08 | $2.82 | ||
| Q2 25 | $-0.76 | $2.42 | ||
| Q1 25 | $2.19 | $0.97 | ||
| Q4 24 | $1.74 | $2.21 | ||
| Q3 24 | $-1.26 | $1.56 | ||
| Q2 24 | $-0.23 | $2.31 | ||
| Q1 24 | $2.30 | $0.77 |
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 | $251.0M | $183.3M |
| 总债务越低越好 | $6.0B | $4.4B |
| 股东权益账面价值 | $5.0B | $8.5B |
| 总资产 | $15.8B | $16.7B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资UGIVMC
| Q4 25 | $251.0M | $183.3M | ||
| Q3 25 | $335.0M | $191.3M | ||
| Q2 25 | $350.0M | $347.4M | ||
| Q1 25 | $426.0M | $181.3M | ||
| Q4 24 | $240.0M | $559.7M | ||
| Q3 24 | $213.0M | $433.2M | ||
| Q2 24 | $183.0M | $111.0M | ||
| Q1 24 | $263.0M | $292.4M |
总债务UGIVMC
| Q4 25 | $6.0B | $4.4B | ||
| Q3 25 | $6.5B | $4.4B | ||
| Q2 25 | $5.7B | $4.4B | ||
| Q1 25 | $6.6B | $4.9B | ||
| Q4 24 | $6.6B | $5.3B | ||
| Q3 24 | $6.4B | $3.3B | ||
| Q2 24 | $6.3B | $3.3B | ||
| Q1 24 | $6.7B | $3.3B |
股东权益UGIVMC
| Q4 25 | $5.0B | $8.5B | ||
| Q3 25 | $4.8B | $8.7B | ||
| Q2 25 | $4.9B | $8.4B | ||
| Q1 25 | $5.0B | $8.1B | ||
| Q4 24 | $4.6B | $8.1B | ||
| Q3 24 | $4.3B | $7.9B | ||
| Q2 24 | $4.7B | $7.7B | ||
| Q1 24 | $4.8B | $7.5B |
总资产UGIVMC
| Q4 25 | $15.8B | $16.7B | ||
| Q3 25 | $15.5B | $17.0B | ||
| Q2 25 | $15.4B | $17.0B | ||
| Q1 25 | $15.7B | $16.7B | ||
| Q4 24 | $15.4B | $17.1B | ||
| Q3 24 | $15.1B | $14.4B | ||
| Q2 24 | $15.1B | $14.2B | ||
| Q1 24 | $15.6B | $13.9B |
负债/权益比UGIVMC
| Q4 25 | 1.19× | 0.51× | ||
| Q3 25 | 1.37× | 0.50× | ||
| Q2 25 | 1.17× | 0.52× | ||
| Q1 25 | 1.32× | 0.60× | ||
| Q4 24 | 1.44× | 0.65× | ||
| Q3 24 | 1.48× | 0.42× | ||
| Q2 24 | 1.34× | 0.43× | ||
| Q1 24 | 1.40× | 0.44× |
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 | $66.0M | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $-155.0M | $358.2M |
| 自由现金流率自由现金流/营收 | -7.5% | 18.7% |
| 资本支出强度资本支出/营收 | 10.7% | 9.7% |
| 现金转化率经营现金流/净利润 | 0.22× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $282.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流UGIVMC
| Q4 25 | $66.0M | $543.0M | ||
| Q3 25 | $90.0M | $676.8M | ||
| Q2 25 | $289.0M | $341.7M | ||
| Q1 25 | $684.0M | $251.5M | ||
| Q4 24 | $164.0M | $440.1M | ||
| Q3 24 | $151.0M | $595.0M | ||
| Q2 24 | $390.0M | $201.1M | ||
| Q1 24 | $522.0M | $173.4M |
自由现金流UGIVMC
| Q4 25 | $-155.0M | $358.2M | ||
| Q3 25 | $-168.0M | $454.8M | ||
| Q2 25 | $67.0M | $238.8M | ||
| Q1 25 | $538.0M | $83.5M | ||
| Q4 24 | $-47.0M | $277.6M | ||
| Q3 24 | $-115.0M | $498.2M | ||
| Q2 24 | $185.0M | $9.7M | ||
| Q1 24 | $353.0M | $20.6M |
自由现金流率UGIVMC
| Q4 25 | -7.5% | 18.7% | ||
| Q3 25 | -14.4% | 19.8% | ||
| Q2 25 | 4.9% | 11.4% | ||
| Q1 25 | 20.4% | 5.1% | ||
| Q4 24 | -2.4% | 15.0% | ||
| Q3 24 | -9.5% | 24.9% | ||
| Q2 24 | 13.7% | 0.5% | ||
| Q1 24 | 14.6% | 1.3% |
资本支出强度UGIVMC
| Q4 25 | 10.7% | 9.7% | ||
| Q3 25 | 22.1% | 9.7% | ||
| Q2 25 | 16.3% | 4.9% | ||
| Q1 25 | 5.5% | 10.3% | ||
| Q4 24 | 10.6% | 8.8% | ||
| Q3 24 | 22.0% | 4.8% | ||
| Q2 24 | 15.2% | 9.5% | ||
| Q1 24 | 7.0% | 9.9% |
现金转化率UGIVMC
| Q4 25 | 0.22× | 2.15× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | 1.43× | 1.95× | ||
| Q4 24 | 0.44× | 1.50× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 1.05× | 1.69× |
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
UGI
暂无分部数据
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
