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ADAMAS TRUST, INC.（ADAM）与Prairie Operating Co.（PROP）财务数据对比。点击上方公司名可切换其他公司
Prairie Operating Co.的季度营收约是ADAMAS TRUST, INC.的1.8倍（$77.7M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs 1.7%，领先122.3%），过去两年Prairie Operating Co.的营收复合增速更高（9784.4% vs 55.5%）
草原农场乳业是一家成立于伊利诺伊州卡林维尔的乳业合作社，现总部设于该州爱德华兹维尔。企业向奶源生产者收奶，将其加工为奶酪、黄油、冰淇淋、酸奶油、农家干酪、蘸酱、酸奶、液态奶等多种乳制品，同时也生产销售果汁、风味饮品与预制冰茶。
ADAM vs PROP — 直观对比
营收规模更大
PROP
是对方的1.8倍
$43.2M
净利率更高
ADAM
高出122.3%
1.7%
两年增速更快
PROP
近两年复合增速
55.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $77.7M |
| 净利润 | $53.5M | $1.3M |
| 毛利率 | — | — |
| 营业利润率 | — | 34.8% |
| 净利率 | 124.0% | 1.7% |
| 营收同比 | 61.6% | — |
| 净利润同比 | 270.5% | 111.3% |
| 每股收益（稀释后） | $0.45 | $-0.44 |
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ADAMPROP
| Q4 25 | $43.2M | — | ||
| Q3 25 | $36.6M | $77.7M | ||
| Q2 25 | $36.4M | $68.1M | ||
| Q1 25 | $33.1M | $13.6M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $20.2M | $0 | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $17.9M | — |
净利润ADAMPROP
| Q4 25 | $53.5M | — | ||
| Q3 25 | $44.8M | $1.3M | ||
| Q2 25 | $8.5M | $35.7M | ||
| Q1 25 | $42.2M | $-2.6M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $-11.4M | ||
| Q2 24 | $-15.6M | — | ||
| Q1 24 | $-57.9M | — |
营业利润率ADAMPROP
| Q4 25 | — | — | ||
| Q3 25 | — | 34.8% | ||
| Q2 25 | 11.7% | 27.8% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
净利率ADAMPROP
| Q4 25 | 124.0% | — | ||
| Q3 25 | 122.5% | 1.7% | ||
| Q2 25 | 23.4% | 52.4% | ||
| Q1 25 | 127.4% | -19.3% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | — | ||
| Q2 24 | -81.9% | — | ||
| Q1 24 | -324.1% | — |
每股收益（稀释后）ADAMPROP
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.36 | $-0.44 | ||
| Q2 25 | $-0.04 | $0.18 | ||
| Q1 25 | $0.33 | $-3.49 | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $0.36 | $-0.68 | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.75 | — |
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 | $210.3M | $10.6M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $101.8M |
| 总资产 | $12.6B | $939.8M |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资ADAMPROP
| Q4 25 | $210.3M | — | ||
| Q3 25 | $185.3M | $10.6M | ||
| Q2 25 | $160.4M | $10.7M | ||
| Q1 25 | $177.1M | $15.0M | ||
| Q4 24 | $167.4M | — | ||
| Q3 24 | $195.1M | $40.1M | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $226.9M | — |
总债务ADAMPROP
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | $387.0M | ||
| Q1 25 | $654.4M | $377.0M | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMPROP
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $101.8M | ||
| Q2 25 | $1.4B | $94.2M | ||
| Q1 25 | $1.4B | $34.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $61.3M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总资产ADAMPROP
| Q4 25 | $12.6B | — | ||
| Q3 25 | $12.4B | $939.8M | ||
| Q2 25 | $10.6B | $858.5M | ||
| Q1 25 | $10.0B | $775.4M | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $8.9B | $107.2M | ||
| Q2 24 | $8.2B | — | ||
| Q1 24 | $7.4B | — |
负债/权益比ADAMPROP
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | 4.11× | ||
| Q1 25 | 0.47× | 11.07× | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $134.0M | $57.7M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | — |
| 自由现金流率自由现金流/营收 | 291.6% | — |
| 资本支出强度资本支出/营收 | 18.9% | — |
| 现金转化率经营现金流/净利润 | 2.50× | 44.80× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ADAMPROP
| Q4 25 | $134.0M | — | ||
| Q3 25 | $6.9M | $57.7M | ||
| Q2 25 | $39.2M | $-7.2M | ||
| Q1 25 | $25.8M | $16.9M | ||
| Q4 24 | $14.1M | — | ||
| Q3 24 | $-922.0K | $2.8M | ||
| Q2 24 | $-993.0K | — | ||
| Q1 24 | $-13.1M | — |
自由现金流ADAMPROP
| Q4 25 | $125.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMPROP
| Q4 25 | 291.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -39.6% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMPROP
| Q4 25 | 18.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 92.3% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
现金转化率ADAMPROP
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | 44.80× | ||
| Q2 25 | 4.59× | -0.20× | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
PROP
| Crude Oil Sales | $64.9M | 84% |
| Natural Gas Sales | $7.6M | 10% |
| Natural Gas Liquids Reserves | $5.2M | 7% |
