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BLACK HILLS CORP（BKH）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是BLACK HILLS CORP的1.2倍（$725.6M vs $622.7M），Reddit, Inc.净利率更高（34.7% vs 16.8%，领先17.8%），Reddit, Inc.同比增速更快（69.7% vs 6.4%），Reddit, Inc.自由现金流更多（$263.6M vs $-101.5M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs -6.8%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
BKH vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.2倍
$622.7M
营收增速更快
RDDT
高出63.2%
6.4%
净利率更高
RDDT
高出17.8%
16.8%
自由现金流更多
RDDT
多$365.1M
$-101.5M
两年增速更快
RDDT
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $622.7M | $725.6M |
| 净利润 | $104.9M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 27.5% | 31.9% |
| 净利率 | 16.8% | 34.7% |
| 营收同比 | 6.4% | 69.7% |
| 净利润同比 | 7.0% | 254.2% |
| 每股收益（稀释后） | $1.39 | $1.24 |
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BKHRDDT
| Q4 25 | $622.7M | $725.6M | ||
| Q3 25 | $427.4M | $584.9M | ||
| Q2 25 | $435.7M | $499.6M | ||
| Q1 25 | $800.4M | $392.4M | ||
| Q4 24 | $585.1M | $427.7M | ||
| Q3 24 | $398.6M | $348.4M | ||
| Q2 24 | $397.1M | $281.2M | ||
| Q1 24 | $717.2M | $243.0M |
净利润BKHRDDT
| Q4 25 | $104.9M | $251.6M | ||
| Q3 25 | $24.9M | $162.7M | ||
| Q2 25 | $27.5M | $89.3M | ||
| Q1 25 | $134.3M | $26.2M | ||
| Q4 24 | $98.0M | $71.0M | ||
| Q3 24 | $24.4M | $29.9M | ||
| Q2 24 | $22.8M | $-10.1M | ||
| Q1 24 | $127.9M | $-575.1M |
毛利率BKHRDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率BKHRDDT
| Q4 25 | 27.5% | 31.9% | ||
| Q3 25 | 18.4% | 23.7% | ||
| Q2 25 | 18.9% | 13.6% | ||
| Q1 25 | 25.6% | 1.0% | ||
| Q4 24 | 27.9% | 12.4% | ||
| Q3 24 | 19.0% | 2.0% | ||
| Q2 24 | 17.8% | -11.0% | ||
| Q1 24 | 27.0% | -242.5% |
净利率BKHRDDT
| Q4 25 | 16.8% | 34.7% | ||
| Q3 25 | 5.8% | 27.8% | ||
| Q2 25 | 6.3% | 17.9% | ||
| Q1 25 | 16.8% | 6.7% | ||
| Q4 24 | 16.7% | 16.6% | ||
| Q3 24 | 6.1% | 8.6% | ||
| Q2 24 | 5.7% | -3.6% | ||
| Q1 24 | 17.8% | -236.7% |
每股收益（稀释后）BKHRDDT
| Q4 25 | $1.39 | $1.24 | ||
| Q3 25 | $0.34 | $0.80 | ||
| Q2 25 | $0.38 | $0.45 | ||
| Q1 25 | $1.87 | $0.13 | ||
| Q4 24 | $1.36 | $4.76 | ||
| Q3 24 | $0.35 | $0.16 | ||
| Q2 24 | $0.33 | $-0.06 | ||
| Q1 24 | $1.87 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | $2.9B |
| 总资产 | $10.9B | $3.2B |
| 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BKHRDDT
| Q4 25 | $182.8M | $953.6M | ||
| Q3 25 | $21.1M | $911.7M | ||
| Q2 25 | $8.1M | $734.1M | ||
| Q1 25 | $6.6M | $635.7M | ||
| Q4 24 | $16.1M | $562.1M | ||
| Q3 24 | $12.5M | $515.9M | ||
| Q2 24 | $624.8M | $468.0M | ||
| Q1 24 | $123.0M | $968.5M |
股东权益BKHRDDT
| Q4 25 | $3.8B | $2.9B | ||
| Q3 25 | $3.8B | $2.6B | ||
| Q2 25 | $3.6B | $2.4B | ||
| Q1 25 | $3.6B | $2.2B | ||
| Q4 24 | $3.5B | $2.1B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.4B | $1.9B | ||
| Q1 24 | $3.3B | $1.8B |
总资产BKHRDDT
| Q4 25 | $10.9B | $3.2B | ||
| Q3 25 | $10.3B | $2.9B | ||
| Q2 25 | $10.1B | $2.6B | ||
| Q1 25 | $10.1B | $2.4B | ||
| Q4 24 | $10.0B | $2.3B | ||
| Q3 24 | $9.7B | $2.2B | ||
| Q2 24 | $10.2B | $2.1B | ||
| Q1 24 | $9.7B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-101.5M | $263.6M |
| 自由现金流率自由现金流/营收 | -16.3% | 36.3% |
| 资本支出强度资本支出/营收 | 43.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.60× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-146.4M | $684.2M |
8季度趋势，按日历期对齐
经营现金流BKHRDDT
| Q4 25 | $168.1M | $266.8M | ||
| Q3 25 | $88.9M | $185.2M | ||
| Q2 25 | $188.6M | $111.3M | ||
| Q1 25 | $227.8M | $127.6M | ||
| Q4 24 | $153.2M | $90.0M | ||
| Q3 24 | $102.1M | $71.6M | ||
| Q2 24 | $230.6M | $28.4M | ||
| Q1 24 | $233.4M | $32.1M |
自由现金流BKHRDDT
| Q4 25 | $-101.5M | $263.6M | ||
| Q3 25 | $-89.5M | $183.1M | ||
| Q2 25 | $-30.3M | $110.8M | ||
| Q1 25 | $74.9M | $126.6M | ||
| Q4 24 | $-60.5M | $89.2M | ||
| Q3 24 | $-86.0M | $70.3M | ||
| Q2 24 | $64.4M | $27.2M | ||
| Q1 24 | $57.2M | $29.2M |
自由现金流率BKHRDDT
| Q4 25 | -16.3% | 36.3% | ||
| Q3 25 | -20.9% | 31.3% | ||
| Q2 25 | -7.0% | 22.2% | ||
| Q1 25 | 9.4% | 32.3% | ||
| Q4 24 | -10.3% | 20.8% | ||
| Q3 24 | -21.6% | 20.2% | ||
| Q2 24 | 16.2% | 9.7% | ||
| Q1 24 | 8.0% | 12.0% |
资本支出强度BKHRDDT
| Q4 25 | 43.3% | 0.4% | ||
| Q3 25 | 41.7% | 0.4% | ||
| Q2 25 | 50.2% | 0.1% | ||
| Q1 25 | 19.1% | 0.2% | ||
| Q4 24 | 36.5% | 0.2% | ||
| Q3 24 | 47.2% | 0.4% | ||
| Q2 24 | 41.9% | 0.4% | ||
| Q1 24 | 24.6% | 1.2% |
现金转化率BKHRDDT
| Q4 25 | 1.60× | 1.06× | ||
| Q3 25 | 3.57× | 1.14× | ||
| Q2 25 | 6.86× | 1.25× | ||
| Q1 25 | 1.70× | 4.88× | ||
| Q4 24 | 1.56× | 1.27× | ||
| Q3 24 | 4.18× | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
