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Alpha Metallurgical Resources, Inc.（AMR）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是Alpha Metallurgical Resources, Inc.的1.1倍（$586.5M vs $519.1M），Alpha Metallurgical Resources, Inc.净利率更高（-3.3% vs -21.0%，领先17.7%），罗塞塔石碑同比增速更快（73.0% vs -15.7%），罗塞塔石碑自由现金流更多（$26.7M vs $-10.0M），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs -22.4%）
阿尔法冶金资源（前身为康图拉能源）是行业领先的煤炭供应商，在阿巴拉契亚北部和中部拥有地下及露天煤矿综合体，在宾夕法尼亚州、弗吉尼亚州和西弗吉尼亚州坐拥大型煤田，生产用于炼钢的冶金煤和用于发电的动力煤，供应全球下游客户。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
AMR vs STEP — 直观对比
营收规模更大
STEP
是对方的1.1倍
$519.1M
营收增速更快
STEP
高出88.7%
-15.7%
净利率更高
AMR
高出17.7%
-21.0%
自由现金流更多
STEP
多$36.7M
$-10.0M
两年增速更快
STEP
近两年复合增速
-22.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $519.1M | $586.5M |
| 净利润 | $-17.3M | $-123.5M |
| 毛利率 | — | — |
| 营业利润率 | -4.1% | -33.2% |
| 净利率 | -3.3% | -21.0% |
| 营收同比 | -15.7% | 73.0% |
| 净利润同比 | -711.2% | 35.7% |
| 每股收益（稀释后） | $-1.35 | $-1.55 |
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AMRSTEP
| Q4 25 | $519.1M | $586.5M | ||
| Q3 25 | $525.2M | $454.2M | ||
| Q2 25 | $548.7M | $364.3M | ||
| Q1 25 | $529.7M | $377.7M | ||
| Q4 24 | $615.4M | $339.0M | ||
| Q3 24 | $669.8M | $271.7M | ||
| Q2 24 | $800.1M | $186.4M | ||
| Q1 24 | $861.3M | $356.8M |
净利润AMRSTEP
| Q4 25 | $-17.3M | $-123.5M | ||
| Q3 25 | $-5.5M | $-366.1M | ||
| Q2 25 | $-5.0M | $-38.4M | ||
| Q1 25 | $-33.9M | $-18.5M | ||
| Q4 24 | $-2.1M | $-192.0M | ||
| Q3 24 | $3.8M | $17.6M | ||
| Q2 24 | $58.9M | $13.3M | ||
| Q1 24 | $127.0M | $30.8M |
营业利润率AMRSTEP
| Q4 25 | -4.1% | -33.2% | ||
| Q3 25 | -0.5% | -148.8% | ||
| Q2 25 | 0.5% | -5.6% | ||
| Q1 25 | -7.6% | 2.6% | ||
| Q4 24 | 1.6% | -101.7% | ||
| Q3 24 | 0.8% | 21.3% | ||
| Q2 24 | 8.8% | 29.4% | ||
| Q1 24 | 16.5% | 26.5% |
净利率AMRSTEP
| Q4 25 | -3.3% | -21.0% | ||
| Q3 25 | -1.1% | -80.6% | ||
| Q2 25 | -0.9% | -10.5% | ||
| Q1 25 | -6.4% | -4.9% | ||
| Q4 24 | -0.3% | -56.6% | ||
| Q3 24 | 0.6% | 6.5% | ||
| Q2 24 | 7.4% | 7.2% | ||
| Q1 24 | 14.7% | 8.6% |
每股收益（稀释后）AMRSTEP
| Q4 25 | $-1.35 | $-1.55 | ||
| Q3 25 | $-0.42 | $-4.66 | ||
| Q2 25 | $-0.38 | $-0.49 | ||
| Q1 25 | $-2.60 | $-0.37 | ||
| Q4 24 | $-0.09 | $-2.61 | ||
| Q3 24 | $0.29 | $0.26 | ||
| Q2 24 | $4.49 | $0.20 | ||
| Q1 24 | $9.59 | $0.47 |
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 | $415.6M | — |
| 总债务越低越好 | $9.8M | $270.2M |
| 股东权益账面价值 | $1.5B | $-378.8M |
| 总资产 | $2.3B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资AMRSTEP
| Q4 25 | $415.6M | — | ||
| Q3 25 | $457.9M | — | ||
| Q2 25 | $449.0M | — | ||
| Q1 25 | $448.0M | — | ||
| Q4 24 | $481.6M | — | ||
| Q3 24 | $484.6M | — | ||
| Q2 24 | $336.1M | — | ||
| Q1 24 | $269.4M | — |
总债务AMRSTEP
| Q4 25 | $9.8M | $270.2M | ||
| Q3 25 | $2.9M | $269.9M | ||
| Q2 25 | $3.1M | $269.6M | ||
| Q1 25 | $2.4M | $269.3M | ||
| Q4 24 | $2.9M | $168.9M | ||
| Q3 24 | $3.6M | $172.3M | ||
| Q2 24 | $5.3M | $172.1M | ||
| Q1 24 | $6.0M | $148.8M |
股东权益AMRSTEP
| Q4 25 | $1.5B | $-378.8M | ||
| Q3 25 | $1.6B | $-233.5M | ||
| Q2 25 | $1.6B | $153.9M | ||
| Q1 25 | $1.6B | $179.4M | ||
| Q4 24 | $1.6B | $209.8M | ||
| Q3 24 | $1.7B | $397.5M | ||
| Q2 24 | $1.6B | $366.9M | ||
| Q1 24 | $1.6B | $324.5M |
总资产AMRSTEP
| Q4 25 | $2.3B | $5.2B | ||
| Q3 25 | $2.3B | $5.3B | ||
| Q2 25 | $2.4B | $4.8B | ||
| Q1 25 | $2.4B | $4.6B | ||
| Q4 24 | $2.4B | $4.3B | ||
| Q3 24 | $2.5B | $4.0B | ||
| Q2 24 | $2.5B | $3.8B | ||
| Q1 24 | $2.5B | $3.8B |
负债/权益比AMRSTEP
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | 1.75× | ||
| Q1 25 | 0.00× | 1.50× | ||
| Q4 24 | 0.00× | 0.81× | ||
| Q3 24 | 0.00× | 0.43× | ||
| Q2 24 | 0.00× | 0.47× | ||
| Q1 24 | 0.00× | 0.46× |
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 | $19.0M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $-10.0M | $26.7M |
| 自由现金流率自由现金流/营收 | -1.9% | 4.6% |
| 资本支出强度资本支出/营收 | 5.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $17.8M | $18.6M |
8季度趋势，按日历期对齐
经营现金流AMRSTEP
| Q4 25 | $19.0M | $27.2M | ||
| Q3 25 | $50.5M | $16.2M | ||
| Q2 25 | $53.2M | $46.3M | ||
| Q1 25 | $22.2M | $-66.5M | ||
| Q4 24 | $56.3M | $27.6M | ||
| Q3 24 | $189.5M | $53.7M | ||
| Q2 24 | $138.1M | $50.2M | ||
| Q1 24 | $196.1M | $7.6M |
自由现金流AMRSTEP
| Q4 25 | $-10.0M | $26.7M | ||
| Q3 25 | $25.4M | $15.9M | ||
| Q2 25 | $18.6M | $45.2M | ||
| Q1 25 | $-16.3M | $-69.2M | ||
| Q4 24 | $13.6M | $27.0M | ||
| Q3 24 | $158.0M | $52.4M | ||
| Q2 24 | $77.0M | $49.6M | ||
| Q1 24 | $132.5M | $6.7M |
自由现金流率AMRSTEP
| Q4 25 | -1.9% | 4.6% | ||
| Q3 25 | 4.8% | 3.5% | ||
| Q2 25 | 3.4% | 12.4% | ||
| Q1 25 | -3.1% | -18.3% | ||
| Q4 24 | 2.2% | 8.0% | ||
| Q3 24 | 23.6% | 19.3% | ||
| Q2 24 | 9.6% | 26.6% | ||
| Q1 24 | 15.4% | 1.9% |
资本支出强度AMRSTEP
| Q4 25 | 5.6% | 0.1% | ||
| Q3 25 | 4.8% | 0.1% | ||
| Q2 25 | 6.3% | 0.3% | ||
| Q1 25 | 7.3% | 0.7% | ||
| Q4 24 | 6.9% | 0.2% | ||
| Q3 24 | 4.7% | 0.5% | ||
| Q2 24 | 7.6% | 0.3% | ||
| Q1 24 | 7.4% | 0.3% |
现金转化率AMRSTEP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.81× | 3.05× | ||
| Q2 24 | 2.34× | 3.76× | ||
| Q1 24 | 1.54× | 0.25× |
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
AMR
暂无分部数据
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
