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BLACK HILLS CORP（BKH）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是BLACK HILLS CORP的1.3倍（$786.9M vs $622.7M），RANGE RESOURCES CORP净利率更高（22.8% vs 16.8%，领先5.9%），RANGE RESOURCES CORP同比增速更快（18.0% vs 6.4%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% 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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
BKH vs RRC — 直观对比
营收规模更大
RRC
是对方的1.3倍
$622.7M
营收增速更快
RRC
高出11.6%
6.4%
净利率更高
RRC
高出5.9%
16.8%
两年增速更快
RRC
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $622.7M | $786.9M |
| 净利润 | $104.9M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 27.5% | — |
| 净利率 | 16.8% | 22.8% |
| 营收同比 | 6.4% | 18.0% |
| 净利润同比 | 7.0% | 88.8% |
| 每股收益（稀释后） | $1.39 | $0.75 |
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BKHRRC
| Q4 25 | $622.7M | $786.9M | ||
| Q3 25 | $427.4M | $655.3M | ||
| Q2 25 | $435.7M | $699.6M | ||
| Q1 25 | $800.4M | $846.3M | ||
| Q4 24 | $585.1M | $667.0M | ||
| Q3 24 | $398.6M | $567.9M | ||
| Q2 24 | $397.1M | $513.2M | ||
| Q1 24 | $717.2M | $598.8M |
净利润BKHRRC
| Q4 25 | $104.9M | $179.1M | ||
| Q3 25 | $24.9M | $144.3M | ||
| Q2 25 | $27.5M | $237.6M | ||
| Q1 25 | $134.3M | $97.1M | ||
| Q4 24 | $98.0M | $94.8M | ||
| Q3 24 | $24.4M | $50.7M | ||
| Q2 24 | $22.8M | $28.7M | ||
| Q1 24 | $127.9M | $92.1M |
毛利率BKHRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率BKHRRC
| Q4 25 | 27.5% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | 27.0% | — |
净利率BKHRRC
| Q4 25 | 16.8% | 22.8% | ||
| Q3 25 | 5.8% | 22.0% | ||
| Q2 25 | 6.3% | 34.0% | ||
| Q1 25 | 16.8% | 11.5% | ||
| Q4 24 | 16.7% | 14.2% | ||
| Q3 24 | 6.1% | 8.9% | ||
| Q2 24 | 5.7% | 5.6% | ||
| Q1 24 | 17.8% | 15.4% |
每股收益（稀释后）BKHRRC
| Q4 25 | $1.39 | $0.75 | ||
| Q3 25 | $0.34 | $0.60 | ||
| Q2 25 | $0.38 | $0.99 | ||
| Q1 25 | $1.87 | $0.40 | ||
| Q4 24 | $1.36 | $0.38 | ||
| Q3 24 | $0.35 | $0.21 | ||
| Q2 24 | $0.33 | $0.12 | ||
| Q1 24 | $1.87 | $0.38 |
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 | $204.0K |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $3.8B | $4.3B |
| 总资产 | $10.9B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资BKHRRC
| Q4 25 | $182.8M | $204.0K | ||
| Q3 25 | $21.1M | $175.0K | ||
| Q2 25 | $8.1M | $134.0K | ||
| Q1 25 | $6.6M | $344.6M | ||
| Q4 24 | $16.1M | $304.5M | ||
| Q3 24 | $12.5M | $277.4M | ||
| Q2 24 | $624.8M | $251.1M | ||
| Q1 24 | $123.0M | $343.1M |
总债务BKHRRC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.8B |
股东权益BKHRRC
| Q4 25 | $3.8B | $4.3B | ||
| Q3 25 | $3.8B | $4.2B | ||
| Q2 25 | $3.6B | $4.1B | ||
| Q1 25 | $3.6B | $3.9B | ||
| Q4 24 | $3.5B | $3.9B | ||
| Q3 24 | $3.4B | $3.9B | ||
| Q2 24 | $3.4B | $3.9B | ||
| Q1 24 | $3.3B | $3.8B |
总资产BKHRRC
| Q4 25 | $10.9B | $7.4B | ||
| Q3 25 | $10.3B | $7.2B | ||
| Q2 25 | $10.1B | $7.1B | ||
| Q1 25 | $10.1B | $7.4B | ||
| Q4 24 | $10.0B | $7.3B | ||
| Q3 24 | $9.7B | $7.2B | ||
| Q2 24 | $10.2B | $7.3B | ||
| Q1 24 | $9.7B | $7.4B |
负债/权益比BKHRRC
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 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 | $168.1M | $257.5M |
| 自由现金流经营现金流 - 资本支出 | $-101.5M | — |
| 自由现金流率自由现金流/营收 | -16.3% | — |
| 资本支出强度资本支出/营收 | 43.3% | — |
| 现金转化率经营现金流/净利润 | 1.60× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $-146.4M | — |
8季度趋势，按日历期对齐
经营现金流BKHRRC
| Q4 25 | $168.1M | $257.5M | ||
| Q3 25 | $88.9M | $247.5M | ||
| Q2 25 | $188.6M | $336.2M | ||
| Q1 25 | $227.8M | $330.1M | ||
| Q4 24 | $153.2M | $217.9M | ||
| Q3 24 | $102.1M | $245.9M | ||
| Q2 24 | $230.6M | $148.8M | ||
| Q1 24 | $233.4M | $331.9M |
自由现金流BKHRRC
| Q4 25 | $-101.5M | — | ||
| Q3 25 | $-89.5M | — | ||
| Q2 25 | $-30.3M | — | ||
| Q1 25 | $74.9M | — | ||
| Q4 24 | $-60.5M | — | ||
| Q3 24 | $-86.0M | — | ||
| Q2 24 | $64.4M | — | ||
| Q1 24 | $57.2M | — |
自由现金流率BKHRRC
| Q4 25 | -16.3% | — | ||
| Q3 25 | -20.9% | — | ||
| Q2 25 | -7.0% | — | ||
| Q1 25 | 9.4% | — | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -21.6% | — | ||
| Q2 24 | 16.2% | — | ||
| Q1 24 | 8.0% | — |
资本支出强度BKHRRC
| Q4 25 | 43.3% | — | ||
| Q3 25 | 41.7% | — | ||
| Q2 25 | 50.2% | — | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 36.5% | — | ||
| Q3 24 | 47.2% | — | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 24.6% | — |
现金转化率BKHRRC
| Q4 25 | 1.60× | 1.44× | ||
| Q3 25 | 3.57× | 1.72× | ||
| Q2 25 | 6.86× | 1.42× | ||
| Q1 25 | 1.70× | 3.40× | ||
| Q4 24 | 1.56× | 2.30× | ||
| Q3 24 | 4.18× | 4.85× | ||
| Q2 24 | 10.11× | 5.18× | ||
| Q1 24 | 1.82× | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
