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AEMETIS, INC（AMTX）与REX AMERICAN RESOURCES Corp（REX）财务数据对比。点击上方公司名可切换其他公司
REX AMERICAN RESOURCES Corp的季度营收约是AEMETIS, INC的4.1倍（$175.6M vs $43.3M）。REX AMERICAN RESOURCES Corp同比增速更快（0.4% vs -7.9%）。REX AMERICAN RESOURCES Corp自由现金流更多（$24.5M vs $-10.8M）。过去两年REX AMERICAN RESOURCES Corp的营收复合增速更高（-3.2% vs -22.8%）
Aemetis是一家可再生燃料与可持续生物化学品生产商，业务覆盖北美和印度市场，核心产品包括低碳乙醇、可再生天然气及生物柴油，主要服务交通、工业和农业领域，为商业客户提供脱碳解决方案。
REX美国资源公司是一家美国能源企业，1980年成立，总部位于俄亥俄州代顿市。公司主营乙醇、酒糟与天然气的生产及零售，同时也对能源相关企业进行投资控股。目前全资拥有三家关联企业，截至2012年，公司旗下拥有22家全国性零售门店，并参股了五个乙醇生产项目。
AMTX vs REX — 直观对比
营收规模更大
REX
是对方的4.1倍
$43.3M
营收增速更快
REX
高出8.3%
-7.9%
自由现金流更多
REX
多$35.3M
$-10.8M
两年增速更快
REX
近两年复合增速
-22.8%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $175.6M |
| 净利润 | — | $27.5M |
| 毛利率 | 17.8% | 20.6% |
| 营业利润率 | -5.7% | 20.2% |
| 净利率 | — | 15.6% |
| 营收同比 | -7.9% | 0.4% |
| 净利润同比 | — | -8.7% |
| 每股收益（稀释后） | $-0.03 | $0.71 |
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AMTXREX
| Q4 25 | $43.3M | $175.6M | ||
| Q3 25 | $59.2M | $158.6M | ||
| Q2 25 | $52.2M | $158.3M | ||
| Q1 25 | $42.9M | $158.2M | ||
| Q4 24 | $47.0M | $174.9M | ||
| Q3 24 | $81.4M | $148.2M | ||
| Q2 24 | $66.6M | $161.2M | ||
| Q1 24 | $72.6M | $187.6M |
净利润AMTXREX
| Q4 25 | — | $27.5M | ||
| Q3 25 | $-23.7M | $9.3M | ||
| Q2 25 | $-23.4M | $10.7M | ||
| Q1 25 | $-24.5M | $14.1M | ||
| Q4 24 | — | $30.1M | ||
| Q3 24 | $-17.9M | $15.0M | ||
| Q2 24 | $-29.2M | $12.3M | ||
| Q1 24 | $-24.2M | $25.3M |
毛利率AMTXREX
| Q4 25 | 17.8% | 20.6% | ||
| Q3 25 | -0.1% | 9.0% | ||
| Q2 25 | -6.4% | 9.1% | ||
| Q1 25 | -11.8% | 11.1% | ||
| Q4 24 | -4.3% | 22.7% | ||
| Q3 24 | 4.8% | 13.3% | ||
| Q2 24 | -2.7% | 9.0% | ||
| Q1 24 | -0.8% | 16.2% |
营业利润率AMTXREX
| Q4 25 | -5.7% | 20.2% | ||
| Q3 25 | -14.4% | — | ||
| Q2 25 | -20.4% | — | ||
| Q1 25 | -36.3% | 11.3% | ||
| Q4 24 | -28.7% | 22.6% | ||
| Q3 24 | -4.8% | 13.2% | ||
| Q2 24 | -20.4% | 9.9% | ||
| Q1 24 | -13.0% | 17.3% |
净利率AMTXREX
| Q4 25 | — | 15.6% | ||
| Q3 25 | -40.1% | 5.9% | ||
| Q2 25 | -44.8% | 6.7% | ||
| Q1 25 | -57.2% | 8.9% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | -22.0% | 10.1% | ||
| Q2 24 | -43.8% | 7.6% | ||
| Q1 24 | -33.4% | 13.5% |
每股收益（稀释后）AMTXREX
| Q4 25 | $-0.03 | $0.71 | ||
| Q3 25 | $-0.37 | $0.43 | ||
| Q2 25 | $-0.41 | $0.51 | ||
| Q1 25 | $-0.47 | $-0.32 | ||
| Q4 24 | $-0.29 | $0.69 | ||
| Q3 24 | $-0.38 | $0.70 | ||
| Q2 24 | $-0.66 | $0.58 | ||
| Q1 24 | $-0.58 | $-0.58 |
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 | $4.9M | $335.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-306.8M | $566.9M |
| 总资产 | $259.8M | $750.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMTXREX
| Q4 25 | $4.9M | $335.5M | ||
| Q3 25 | $5.6M | $310.5M | ||
| Q2 25 | $1.6M | $315.9M | ||
| Q1 25 | $499.0K | $359.1M | ||
| Q4 24 | $898.0K | $365.1M | ||
| Q3 24 | $296.0K | $346.0M | ||
| Q2 24 | $234.0K | $351.8M | ||
| Q1 24 | $1.6M | $378.7M |
总债务AMTXREX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | — | ||
| Q2 24 | $309.0M | — | ||
| Q1 24 | $307.2M | — |
股东权益AMTXREX
| Q4 25 | $-306.8M | $566.9M | ||
| Q3 25 | $-304.9M | $545.8M | ||
| Q2 25 | $-289.3M | $536.4M | ||
| Q1 25 | $-280.7M | $560.3M | ||
| Q4 24 | $-263.9M | $564.5M | ||
| Q3 24 | $-258.9M | $539.6M | ||
| Q2 24 | $-249.0M | $524.5M | ||
| Q1 24 | $-232.1M | $513.9M |
总资产AMTXREX
| Q4 25 | $259.8M | $750.1M | ||
| Q3 25 | $241.1M | $700.6M | ||
| Q2 25 | $240.0M | $693.8M | ||
| Q1 25 | $242.5M | $720.0M | ||
| Q4 24 | $259.3M | $715.7M | ||
| Q3 24 | $259.3M | $680.0M | ||
| Q2 24 | $259.3M | $671.0M | ||
| Q1 24 | $259.3M | $664.8M |
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 | $5.8M | $51.2M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $24.5M |
| 自由现金流率自由现金流/营收 | -24.9% | 14.0% |
| 资本支出强度资本支出/营收 | 38.2% | 15.2% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $-22.7M | $17.6M |
8季度趋势，按日历期对齐
经营现金流AMTXREX
| Q4 25 | $5.8M | $51.2M | ||
| Q3 25 | $3.1M | $16.3M | ||
| Q2 25 | $-5.7M | $-3.5M | ||
| Q1 25 | $160.0K | $25.1M | ||
| Q4 24 | $-12.6M | $33.4M | ||
| Q3 24 | $-5.0M | $8.0M | ||
| Q2 24 | $-5.1M | $-2.3M | ||
| Q1 24 | $-10.3M | $62.5M |
自由现金流AMTXREX
| Q4 25 | $-10.8M | $24.5M | ||
| Q3 25 | $-1.0M | $-5.7M | ||
| Q2 25 | $-9.3M | $-10.4M | ||
| Q1 25 | $-1.7M | $9.2M | ||
| Q4 24 | $-19.4M | $18.2M | ||
| Q3 24 | $-9.5M | $-7.4M | ||
| Q2 24 | $-10.5M | $-27.1M | ||
| Q1 24 | $-13.9M | $47.2M |
自由现金流率AMTXREX
| Q4 25 | -24.9% | 14.0% | ||
| Q3 25 | -1.7% | -3.6% | ||
| Q2 25 | -17.7% | -6.6% | ||
| Q1 25 | -3.9% | 5.8% | ||
| Q4 24 | -41.2% | 10.4% | ||
| Q3 24 | -11.6% | -5.0% | ||
| Q2 24 | -15.8% | -16.8% | ||
| Q1 24 | -19.1% | 25.2% |
资本支出强度AMTXREX
| Q4 25 | 38.2% | 15.2% | ||
| Q3 25 | 6.9% | 13.9% | ||
| Q2 25 | 6.7% | 4.4% | ||
| Q1 25 | 4.3% | 10.0% | ||
| Q4 24 | 14.4% | 8.7% | ||
| Q3 24 | 5.5% | 10.4% | ||
| Q2 24 | 8.1% | 15.4% | ||
| Q1 24 | 4.9% | 8.2% |
现金转化率AMTXREX
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | -0.33× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | -0.18× | ||
| Q1 24 | — | 2.47× |
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
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
REX
| Ethanol | $136.0M | 77% |
| Dried Distillers Grains | $22.4M | 13% |
| Distillers Corn Oil | $16.4M | 9% |
| Modified Distillers Grains | $1.2M | 1% |
