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BLACK HILLS CORP（BKH）与Rubrik, Inc.（RBRK）财务数据对比。点击上方公司名可切换其他公司
BLACK HILLS CORP的季度营收约是Rubrik, Inc.的1.8倍（$622.7M vs $350.2M），BLACK HILLS CORP净利率更高（16.8% vs -18.2%，领先35.1%），Rubrik, Inc.同比增速更快（48.3% vs 6.4%），Rubrik, Inc.自由现金流更多（$80.7M vs $-101.5M）
布莱克山集团是美国多元化能源企业，总部位于南达科他州拉皮德城，名称来源于当地的布莱克山区域。公司主营电力与天然气公用事业，服务覆盖南达科他、蒙大拿、怀俄明、科罗拉多等多个州，电力产品行销整个美国西部地区。
Rubrik是总部位于美国加利福尼亚州帕洛阿尔托的云数据管理与数据安全企业，成立于2014年1月，专注于为客户提供云环境下的数据管理、安全防护相关解决方案，2024年4月在纽约证券交易所上市。
BKH vs RBRK — 直观对比
营收规模更大
BKH
是对方的1.8倍
$350.2M
营收增速更快
RBRK
高出41.8%
6.4%
净利率更高
BKH
高出35.1%
-18.2%
自由现金流更多
RBRK
多$182.2M
$-101.5M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $622.7M | $350.2M |
| 净利润 | $104.9M | $-63.8M |
| 毛利率 | — | 80.5% |
| 营业利润率 | 27.5% | -21.6% |
| 净利率 | 16.8% | -18.2% |
| 营收同比 | 6.4% | 48.3% |
| 净利润同比 | 7.0% | 51.2% |
| 每股收益（稀释后） | $1.39 | $-0.32 |
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BKHRBRK
| Q4 25 | $622.7M | $350.2M | ||
| Q3 25 | $427.4M | $309.9M | ||
| Q2 25 | $435.7M | $278.5M | ||
| Q1 25 | $800.4M | $258.1M | ||
| Q4 24 | $585.1M | $236.2M | ||
| Q3 24 | $398.6M | $205.0M | ||
| Q2 24 | $397.1M | $187.3M | ||
| Q1 24 | $717.2M | — |
净利润BKHRBRK
| Q4 25 | $104.9M | $-63.8M | ||
| Q3 25 | $24.9M | $-95.9M | ||
| Q2 25 | $27.5M | $-102.1M | ||
| Q1 25 | $134.3M | $-114.9M | ||
| Q4 24 | $98.0M | $-130.9M | ||
| Q3 24 | $24.4M | $-176.9M | ||
| Q2 24 | $22.8M | $-732.1M | ||
| Q1 24 | $127.9M | — |
毛利率BKHRBRK
| Q4 25 | — | 80.5% | ||
| Q3 25 | — | 79.5% | ||
| Q2 25 | — | 78.3% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | 76.2% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 48.8% | ||
| Q1 24 | — | — |
营业利润率BKHRBRK
| Q4 25 | 27.5% | -21.6% | ||
| Q3 25 | 18.4% | -30.5% | ||
| Q2 25 | 18.9% | -33.4% | ||
| Q1 25 | 25.6% | -45.0% | ||
| Q4 24 | 27.9% | -52.8% | ||
| Q3 24 | 19.0% | -82.1% | ||
| Q2 24 | 17.8% | -387.0% | ||
| Q1 24 | 27.0% | — |
净利率BKHRBRK
| Q4 25 | 16.8% | -18.2% | ||
| Q3 25 | 5.8% | -31.0% | ||
| Q2 25 | 6.3% | -36.7% | ||
| Q1 25 | 16.8% | -44.5% | ||
| Q4 24 | 16.7% | -55.4% | ||
| Q3 24 | 6.1% | -86.3% | ||
| Q2 24 | 5.7% | -390.8% | ||
| Q1 24 | 17.8% | — |
每股收益（稀释后）BKHRBRK
| Q4 25 | $1.39 | $-0.32 | ||
| Q3 25 | $0.34 | $-0.49 | ||
| Q2 25 | $0.38 | $-0.53 | ||
| Q1 25 | $1.87 | $5.69 | ||
| Q4 24 | $1.36 | $-0.71 | ||
| Q3 24 | $0.35 | $-0.98 | ||
| Q2 24 | $0.33 | $-11.48 | ||
| Q1 24 | $1.87 | — |
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 | $182.8M | $307.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | $-524.4M |
| 总资产 | $10.9B | $2.5B |
| 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BKHRBRK
| Q4 25 | $182.8M | $307.1M | ||
| Q3 25 | $21.1M | $322.7M | ||
| Q2 25 | $8.1M | $284.0M | ||
| Q1 25 | $6.6M | $186.3M | ||
| Q4 24 | $16.1M | $103.9M | ||
| Q3 24 | $12.5M | $142.3M | ||
| Q2 24 | $624.8M | $502.6M | ||
| Q1 24 | $123.0M | — |
股东权益BKHRBRK
| Q4 25 | $3.8B | $-524.4M | ||
| Q3 25 | $3.8B | $-564.3M | ||
| Q2 25 | $3.6B | $-556.5M | ||
| Q1 25 | $3.6B | $-553.7M | ||
| Q4 24 | $3.5B | $-521.1M | ||
| Q3 24 | $3.4B | $-499.3M | ||
| Q2 24 | $3.4B | $-514.6M | ||
| Q1 24 | $3.3B | — |
总资产BKHRBRK
| Q4 25 | $10.9B | $2.5B | ||
| Q3 25 | $10.3B | $2.4B | ||
| Q2 25 | $10.1B | $1.5B | ||
| Q1 25 | $10.1B | $1.4B | ||
| Q4 24 | $10.0B | $1.3B | ||
| Q3 24 | $9.7B | $1.2B | ||
| Q2 24 | $10.2B | $1.2B | ||
| Q1 24 | $9.7B | — |
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 | $168.1M | $85.5M |
| 自由现金流经营现金流 - 资本支出 | $-101.5M | $80.7M |
| 自由现金流率自由现金流/营收 | -16.3% | 23.1% |
| 资本支出强度资本支出/营收 | 43.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.60× | — |
| 过去12个月自由现金流最近4个季度 | $-146.4M | $256.8M |
8季度趋势，按日历期对齐
经营现金流BKHRBRK
| Q4 25 | $168.1M | $85.5M | ||
| Q3 25 | $88.9M | $64.7M | ||
| Q2 25 | $188.6M | $39.7M | ||
| Q1 25 | $227.8M | $83.6M | ||
| Q4 24 | $153.2M | $23.1M | ||
| Q3 24 | $102.1M | $-27.1M | ||
| Q2 24 | $230.6M | $-31.4M | ||
| Q1 24 | $233.4M | — |
自由现金流BKHRBRK
| Q4 25 | $-101.5M | $80.7M | ||
| Q3 25 | $-89.5M | $61.2M | ||
| Q2 25 | $-30.3M | $36.8M | ||
| Q1 25 | $74.9M | $78.0M | ||
| Q4 24 | $-60.5M | $18.0M | ||
| Q3 24 | $-86.0M | $-29.7M | ||
| Q2 24 | $64.4M | $-35.0M | ||
| Q1 24 | $57.2M | — |
自由现金流率BKHRBRK
| Q4 25 | -16.3% | 23.1% | ||
| Q3 25 | -20.9% | 19.8% | ||
| Q2 25 | -7.0% | 13.2% | ||
| Q1 25 | 9.4% | 30.2% | ||
| Q4 24 | -10.3% | 7.6% | ||
| Q3 24 | -21.6% | -14.5% | ||
| Q2 24 | 16.2% | -18.7% | ||
| Q1 24 | 8.0% | — |
资本支出强度BKHRBRK
| Q4 25 | 43.3% | 1.4% | ||
| Q3 25 | 41.7% | 1.1% | ||
| Q2 25 | 50.2% | 1.0% | ||
| Q1 25 | 19.1% | 2.2% | ||
| Q4 24 | 36.5% | 2.1% | ||
| Q3 24 | 47.2% | 1.3% | ||
| Q2 24 | 41.9% | 1.9% | ||
| Q1 24 | 24.6% | — |
现金转化率BKHRBRK
| Q4 25 | 1.60× | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 6.86× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 4.18× | — | ||
| Q2 24 | 10.11× | — | ||
| Q1 24 | 1.82× | — |
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
BKH
| Gas Utilities | $391.1M | 63% |
| Retail Electric Natural Gasand Coal | $189.7M | 30% |
| Other | $15.3M | 2% |
| Market Off System Sales | $13.6M | 2% |
| Transferred At Point In Time | $8.9M | 1% |
| Wholesale | $4.9M | 1% |
| Inter Segment Revenues | $2.4M | 0% |
RBRK
| Subscription And Circulation | $336.4M | 96% |
| Other | $12.3M | 4% |
| Software And Services | $4.9M | 1% |
| Maintenance | $1.5M | 0% |
