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BLACK HILLS CORP（BKH）与Sleep Number Corp（SNBR）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Sleep Number Corp的1.8倍（$622.7M vs $347.4M），BLACK HILLS CORP净利率更高（16.8% vs -16.8%，领先33.7%），BLACK HILLS CORP同比增速更快（6.4% vs -7.8%），Sleep Number Corp自由现金流更多（$-643.0K vs $-101.5M），过去两年BLACK HILLS CORP的营收复合增速更高（-6.8% vs -14.1%）
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。
Sleep Number是美国床具制造商，主打Sleep Number与Comfortaire品牌床垫，同时生产床架及各类床品配件。公司总部位于明尼苏达州明尼阿波利斯，除总部外，还在南卡罗来纳州和犹他州设有生产与分销网点。
BKH vs SNBR — 直观对比
营收规模更大
BKH
是对方的1.8倍
$347.4M
营收增速更快
BKH
高出14.2%
-7.8%
净利率更高
BKH
高出33.7%
-16.8%
自由现金流更多
SNBR
多$100.9M
$-101.5M
两年增速更快
BKH
近两年复合增速
-14.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $622.7M | $347.4M |
| 净利润 | $104.9M | $-58.5M |
| 毛利率 | — | 55.6% |
| 营业利润率 | 27.5% | -13.4% |
| 净利率 | 16.8% | -16.8% |
| 营收同比 | 6.4% | -7.8% |
| 净利润同比 | 7.0% | -549.0% |
| 每股收益（稀释后） | $1.39 | $-2.55 |
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BKHSNBR
| Q1 26 | — | $347.4M | ||
| Q4 25 | $622.7M | — | ||
| Q3 25 | $427.4M | $342.9M | ||
| Q2 25 | $435.7M | $327.9M | ||
| Q1 25 | $800.4M | $393.3M | ||
| Q4 24 | $585.1M | $376.8M | ||
| Q3 24 | $398.6M | $426.6M | ||
| Q2 24 | $397.1M | $408.4M |
净利润BKHSNBR
| Q1 26 | — | $-58.5M | ||
| Q4 25 | $104.9M | — | ||
| Q3 25 | $24.9M | $-39.8M | ||
| Q2 25 | $27.5M | $-25.0M | ||
| Q1 25 | $134.3M | $-8.6M | ||
| Q4 24 | $98.0M | $-4.7M | ||
| Q3 24 | $24.4M | $-3.1M | ||
| Q2 24 | $22.8M | $-5.1M |
毛利率BKHSNBR
| Q1 26 | — | 55.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 59.9% | ||
| Q2 25 | — | 59.1% | ||
| Q1 25 | — | 61.2% | ||
| Q4 24 | — | 59.9% | ||
| Q3 24 | — | 60.8% | ||
| Q2 24 | — | 59.1% |
营业利润率BKHSNBR
| Q1 26 | — | -13.4% | ||
| Q4 25 | 27.5% | — | ||
| Q3 25 | 18.4% | -11.8% | ||
| Q2 25 | 18.9% | -0.0% | ||
| Q1 25 | 25.6% | 0.5% | ||
| Q4 24 | 27.9% | 0.7% | ||
| Q3 24 | 19.0% | 2.0% | ||
| Q2 24 | 17.8% | 1.5% |
净利率BKHSNBR
| Q1 26 | — | -16.8% | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 5.8% | -11.6% | ||
| Q2 25 | 6.3% | -7.6% | ||
| Q1 25 | 16.8% | -2.2% | ||
| Q4 24 | 16.7% | -1.2% | ||
| Q3 24 | 6.1% | -0.7% | ||
| Q2 24 | 5.7% | -1.2% |
每股收益（稀释后）BKHSNBR
| Q1 26 | — | $-2.55 | ||
| Q4 25 | $1.39 | — | ||
| Q3 25 | $0.34 | $-1.73 | ||
| Q2 25 | $0.38 | $-1.09 | ||
| Q1 25 | $1.87 | $-0.38 | ||
| Q4 24 | $1.36 | $-0.21 | ||
| Q3 24 | $0.35 | $-0.14 | ||
| Q2 24 | $0.33 | $-0.22 |
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 | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | — |
| 总资产 | $10.9B | $680.1M |
| 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BKHSNBR
| Q1 26 | — | $1.7M | ||
| Q4 25 | $182.8M | — | ||
| Q3 25 | $21.1M | $1.3M | ||
| Q2 25 | $8.1M | $1.3M | ||
| Q1 25 | $6.6M | $1.7M | ||
| Q4 24 | $16.1M | $1.9M | ||
| Q3 24 | $12.5M | $1.6M | ||
| Q2 24 | $624.8M | $2.0M |
股东权益BKHSNBR
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $-521.3M | ||
| Q2 25 | $3.6B | $-480.7M | ||
| Q1 25 | $3.6B | $-456.8M | ||
| Q4 24 | $3.5B | $-451.6M | ||
| Q3 24 | $3.4B | $-448.8M | ||
| Q2 24 | $3.4B | $-447.0M |
总资产BKHSNBR
| Q1 26 | — | $680.1M | ||
| Q4 25 | $10.9B | — | ||
| Q3 25 | $10.3B | $749.4M | ||
| Q2 25 | $10.1B | $804.5M | ||
| Q1 25 | $10.1B | $836.8M | ||
| Q4 24 | $10.0B | $860.8M | ||
| Q3 24 | $9.7B | $864.7M | ||
| Q2 24 | $10.2B | $883.6M |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-101.5M | $-643.0K |
| 自由现金流率自由现金流/营收 | -16.3% | -0.2% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $-146.4M | $-17.7M |
8季度趋势，按日历期对齐
经营现金流BKHSNBR
| Q1 26 | — | — | ||
| Q4 25 | $168.1M | — | ||
| Q3 25 | $88.9M | $-6.4M | ||
| Q2 25 | $188.6M | $3.8M | ||
| Q1 25 | $227.8M | $-2.6M | ||
| Q4 24 | $153.2M | $-23.7M | ||
| Q3 24 | $102.1M | $27.3M | ||
| Q2 24 | $230.6M | $-10.2M |
自由现金流BKHSNBR
| Q1 26 | — | $-643.0K | ||
| Q4 25 | $-101.5M | — | ||
| Q3 25 | $-89.5M | $-10.2M | ||
| Q2 25 | $-30.3M | $369.0K | ||
| Q1 25 | $74.9M | $-7.2M | ||
| Q4 24 | $-60.5M | $-30.0M | ||
| Q3 24 | $-86.0M | $24.2M | ||
| Q2 24 | $64.4M | $-15.0M |
自由现金流率BKHSNBR
| Q1 26 | — | -0.2% | ||
| Q4 25 | -16.3% | — | ||
| Q3 25 | -20.9% | -3.0% | ||
| Q2 25 | -7.0% | 0.1% | ||
| Q1 25 | 9.4% | -1.8% | ||
| Q4 24 | -10.3% | -8.0% | ||
| Q3 24 | -21.6% | 5.7% | ||
| Q2 24 | 16.2% | -3.7% |
资本支出强度BKHSNBR
| Q1 26 | — | — | ||
| Q4 25 | 43.3% | — | ||
| Q3 25 | 41.7% | 1.1% | ||
| Q2 25 | 50.2% | 1.1% | ||
| Q1 25 | 19.1% | 1.2% | ||
| Q4 24 | 36.5% | 1.7% | ||
| Q3 24 | 47.2% | 0.7% | ||
| Q2 24 | 41.9% | 1.2% |
现金转化率BKHSNBR
| Q1 26 | — | — | ||
| 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× | — |
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% |
SNBR
暂无分部数据
