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Biglari Holdings Inc.（BH）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Ranger Energy Services, Inc.的季度营收约是Biglari Holdings Inc.的1.4倍（$142.2M vs $99.9M），Ranger Energy Services, Inc.净利率更高（2.3% vs -49.9%，领先52.2%），Biglari Holdings Inc.同比增速更快（9.6% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $6.4M），过去两年Biglari Holdings Inc.的营收复合增速更高（5.7% vs 1.9%）
Biglari控股是一家总部位于美国得克萨斯州圣安东尼奥的控股公司，由企业家萨达尔·比格拉里创立。旗下业务涵盖餐饮、出版、保险、石油能源多个领域，旗下子品牌包括Steak 'n Shake、《马克西姆》杂志、第一卫士保险、南先锋保险、南方石油、阿布拉克萨斯石油等。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
BH vs RNGR — 直观对比
营收规模更大
RNGR
是对方的1.4倍
$99.9M
营收增速更快
BH
高出10.2%
-0.6%
净利率更高
RNGR
高出52.2%
-49.9%
自由现金流更多
RNGR
多$10.7M
$6.4M
两年增速更快
BH
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $99.9M | $142.2M |
| 净利润 | $-49.9M | $3.2M |
| 毛利率 | 58.3% | — |
| 营业利润率 | -64.1% | 2.3% |
| 净利率 | -49.9% | 2.3% |
| 营收同比 | 9.6% | -0.6% |
| 净利润同比 | -385.3% | -44.8% |
| 每股收益（稀释后） | — | $0.14 |
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BHRNGR
| Q4 25 | $99.9M | $142.2M | ||
| Q3 25 | $99.7M | $128.9M | ||
| Q2 25 | $100.6M | $140.6M | ||
| Q1 25 | $95.0M | $135.2M | ||
| Q4 24 | $91.1M | $143.1M | ||
| Q3 24 | $90.4M | $153.0M | ||
| Q2 24 | $91.1M | $138.1M | ||
| Q1 24 | $89.5M | $136.9M |
净利润BHRNGR
| Q4 25 | $-49.9M | $3.2M | ||
| Q3 25 | $-5.3M | $1.2M | ||
| Q2 25 | $50.9M | $7.3M | ||
| Q1 25 | $-33.3M | $600.0K | ||
| Q4 24 | $-10.3M | $5.8M | ||
| Q3 24 | $32.1M | $8.7M | ||
| Q2 24 | $-48.2M | $4.7M | ||
| Q1 24 | $22.6M | $-800.0K |
毛利率BHRNGR
| Q4 25 | 58.3% | — | ||
| Q3 25 | 58.1% | — | ||
| Q2 25 | 60.2% | — | ||
| Q1 25 | 60.3% | — | ||
| Q4 24 | 60.6% | — | ||
| Q3 24 | 59.9% | — | ||
| Q2 24 | 59.5% | — | ||
| Q1 24 | 61.5% | — |
营业利润率BHRNGR
| Q4 25 | -64.1% | 2.3% | ||
| Q3 25 | -7.6% | 2.0% | ||
| Q2 25 | 64.7% | 6.1% | ||
| Q1 25 | -43.3% | 0.7% | ||
| Q4 24 | -19.7% | 6.2% | ||
| Q3 24 | 47.9% | 8.4% | ||
| Q2 24 | -69.0% | 5.3% | ||
| Q1 24 | 32.9% | -0.4% |
净利率BHRNGR
| Q4 25 | -49.9% | 2.3% | ||
| Q3 25 | -5.3% | 0.9% | ||
| Q2 25 | 50.6% | 5.2% | ||
| Q1 25 | -35.0% | 0.4% | ||
| Q4 24 | -11.3% | 4.1% | ||
| Q3 24 | 35.5% | 5.7% | ||
| Q2 24 | -52.9% | 3.4% | ||
| Q1 24 | 25.2% | -0.6% |
每股收益（稀释后）BHRNGR
| Q4 25 | — | $0.14 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.24 | ||
| Q3 24 | — | $0.39 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $-0.03 |
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 | $268.8M | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $523.4M | $300.1M |
| 总资产 | $1.0B | $419.3M |
| 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BHRNGR
| Q4 25 | $268.8M | $10.3M | ||
| Q3 25 | $272.5M | $45.2M | ||
| Q2 25 | $32.8M | $48.9M | ||
| Q1 25 | $28.7M | $40.3M | ||
| Q4 24 | $30.7M | $40.9M | ||
| Q3 24 | $29.9M | $14.8M | ||
| Q2 24 | $26.9M | $8.7M | ||
| Q1 24 | $34.5M | $11.1M |
总债务BHRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益BHRNGR
| Q4 25 | $523.4M | $300.1M | ||
| Q3 25 | $580.3M | $270.0M | ||
| Q2 25 | $589.3M | $276.9M | ||
| Q1 25 | $539.8M | $272.6M | ||
| Q4 24 | $573.0M | $273.8M | ||
| Q3 24 | $601.8M | $267.6M | ||
| Q2 24 | $569.2M | $260.5M | ||
| Q1 24 | $618.6M | $261.7M |
总资产BHRNGR
| Q4 25 | $1.0B | $419.3M | ||
| Q3 25 | $1.1B | $372.8M | ||
| Q2 25 | $863.6M | $381.7M | ||
| Q1 25 | $829.1M | $376.5M | ||
| Q4 24 | $866.1M | $381.6M | ||
| Q3 24 | $865.1M | $373.9M | ||
| Q2 24 | $809.1M | $359.6M | ||
| Q1 24 | $885.3M | $355.5M |
负债/权益比BHRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $17.8M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $17.1M |
| 自由现金流率自由现金流/营收 | 6.4% | 12.0% |
| 资本支出强度资本支出/营收 | 11.4% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $76.6M | $42.9M |
8季度趋势，按日历期对齐
经营现金流BHRNGR
| Q4 25 | $17.8M | $24.1M | ||
| Q3 25 | $31.2M | $13.6M | ||
| Q2 25 | $42.1M | $20.7M | ||
| Q1 25 | $15.8M | $10.6M | ||
| Q4 24 | $18.0M | $32.7M | ||
| Q3 24 | $10.8M | $17.7M | ||
| Q2 24 | $1.8M | $22.1M | ||
| Q1 24 | $19.1M | $12.0M |
自由现金流BHRNGR
| Q4 25 | $6.4M | $17.1M | ||
| Q3 25 | $22.3M | $8.0M | ||
| Q2 25 | $39.4M | $14.4M | ||
| Q1 25 | $8.5M | $3.4M | ||
| Q4 24 | $10.9M | $27.3M | ||
| Q3 24 | $3.7M | $10.8M | ||
| Q2 24 | $-10.0M | $6.8M | ||
| Q1 24 | $14.5M | $5.5M |
自由现金流率BHRNGR
| Q4 25 | 6.4% | 12.0% | ||
| Q3 25 | 22.4% | 6.2% | ||
| Q2 25 | 39.2% | 10.2% | ||
| Q1 25 | 8.9% | 2.5% | ||
| Q4 24 | 12.0% | 19.1% | ||
| Q3 24 | 4.1% | 7.1% | ||
| Q2 24 | -11.0% | 4.9% | ||
| Q1 24 | 16.2% | 4.0% |
资本支出强度BHRNGR
| Q4 25 | 11.4% | 4.9% | ||
| Q3 25 | 9.0% | 4.3% | ||
| Q2 25 | 2.7% | 4.5% | ||
| Q1 25 | 7.7% | 5.3% | ||
| Q4 24 | 7.8% | 3.8% | ||
| Q3 24 | 7.8% | 4.5% | ||
| Q2 24 | 13.0% | 11.1% | ||
| Q1 24 | 5.1% | 4.7% |
现金转化率BHRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | 0.83× | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | 0.33× | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | 0.85× | — |
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
BH
| Products | $45.9M | 46% |
| Franchisor | $20.5M | 21% |
| Insurance Operations | $19.1M | 19% |
| Oil And Gas Segment | $5.4M | 5% |
| Royalty | $4.1M | 4% |
| Abraxas Petroleum | $2.7M | 3% |
| Other | $2.2M | 2% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
