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BKV Corp（BKV）与Coterra（CTRA）财务数据对比。点击上方公司名可切换其他公司
Coterra的季度营收约是BKV Corp的7.0倍（$1.8B vs $255.9M）。BKV Corp净利率更高（27.5% vs 20.6%，领先6.9%）
BKV Corp是一家北美独立能源企业，专注于天然气的可持续勘探、生产与配送，核心运营资产位于阿巴拉契亚盆地，服务区域内公用事业、工业及商业客户，同时投资碳捕获等低碳技术以降低运营排放。
Coterra Energy Inc.是总部位于美国得克萨斯州休斯敦的能源企业，核心业务为油气勘探开发，运营布局覆盖二叠纪盆地、马塞勒斯页岩区及阿纳达科盆地等北美核心油气产区，具备成熟的勘探开发技术与丰富的项目运营经验。
BKV vs CTRA — 直观对比
营收规模更大
CTRA
是对方的7.0倍
$255.9M
净利率更高
BKV
高出6.9%
20.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $255.9M | $1.8B |
| 净利润 | $70.4M | $368.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.3% | 31.9% |
| 净利率 | 27.5% | 20.6% |
| 营收同比 | — | 23.8% |
| 净利润同比 | — | 23.9% |
| 每股收益（稀释后） | $0.78 | $0.47 |
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BKVCTRA
| Q4 25 | $255.9M | $1.8B | ||
| Q3 25 | $199.8M | $1.8B | ||
| Q2 25 | $207.1M | $1.7B | ||
| Q1 25 | $231.0M | $2.0B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $133.5M | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.4B |
净利润BKVCTRA
| Q4 25 | $70.4M | $368.0M | ||
| Q3 25 | $76.8M | $322.0M | ||
| Q2 25 | $104.6M | $511.0M | ||
| Q1 25 | $-78.7M | $516.0M | ||
| Q4 24 | — | $297.0M | ||
| Q3 24 | $12.9M | $252.0M | ||
| Q2 24 | — | $220.0M | ||
| Q1 24 | — | $352.0M |
营业利润率BKVCTRA
| Q4 25 | 39.3% | 31.9% | ||
| Q3 25 | 41.2% | 26.8% | ||
| Q2 25 | 62.0% | 40.9% | ||
| Q1 25 | -40.6% | 34.8% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | -15.7% | 25.3% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 30.7% |
净利率BKVCTRA
| Q4 25 | 27.5% | 20.6% | ||
| Q3 25 | 38.5% | 18.3% | ||
| Q2 25 | 50.5% | 29.5% | ||
| Q1 25 | -34.1% | 25.6% | ||
| Q4 24 | — | 20.5% | ||
| Q3 24 | 9.6% | 19.5% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | 24.6% |
每股收益（稀释后）BKVCTRA
| Q4 25 | $0.78 | $0.47 | ||
| Q3 25 | $0.90 | $0.42 | ||
| Q2 25 | $1.23 | $0.67 | ||
| Q1 25 | $-0.93 | $0.68 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | $0.18 | $0.34 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $0.47 |
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 | $199.4M | $114.0M |
| 总债务越低越好 | $486.8M | $3.8B |
| 股东权益账面价值 | $2.0B | $14.8B |
| 总资产 | $3.1B | $24.2B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资BKVCTRA
| Q4 25 | $199.4M | $114.0M | ||
| Q3 25 | $83.1M | $98.0M | ||
| Q2 25 | $21.4M | $192.0M | ||
| Q1 25 | $15.3M | $186.0M | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $31.3M | $843.0M | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
总债务BKVCTRA
| Q4 25 | $486.8M | $3.8B | ||
| Q3 25 | $486.6M | $3.9B | ||
| Q2 25 | $200.0M | $4.2B | ||
| Q1 25 | $200.0M | $4.3B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | $190.0M | $2.1B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.7B |
股东权益BKVCTRA
| Q4 25 | $2.0B | $14.8B | ||
| Q3 25 | $1.8B | $14.7B | ||
| Q2 25 | $1.6B | $14.6B | ||
| Q1 25 | $1.5B | $14.2B | ||
| Q4 24 | — | $13.1B | ||
| Q3 24 | $1.6B | $13.0B | ||
| Q2 24 | — | $13.0B | ||
| Q1 24 | — | $13.1B |
总资产BKVCTRA
| Q4 25 | $3.1B | $24.2B | ||
| Q3 25 | $2.9B | $24.0B | ||
| Q2 25 | $2.3B | $24.0B | ||
| Q1 25 | $2.3B | $24.0B | ||
| Q4 24 | — | $21.6B | ||
| Q3 24 | $2.3B | $20.1B | ||
| Q2 24 | — | $20.8B | ||
| Q1 24 | — | $21.0B |
负债/权益比BKVCTRA
| Q4 25 | 0.24× | 0.26× | ||
| Q3 25 | 0.27× | 0.27× | ||
| Q2 25 | 0.13× | 0.29× | ||
| Q1 25 | 0.13× | 0.30× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 0.12× | 0.16× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $69.4M | $970.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.99× | 2.64× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BKVCTRA
| Q4 25 | $69.4M | $970.0M | ||
| Q3 25 | $74.5M | $971.0M | ||
| Q2 25 | $76.2M | $936.0M | ||
| Q1 25 | $22.6M | $1.1B | ||
| Q4 24 | — | $626.0M | ||
| Q3 24 | — | $755.0M | ||
| Q2 24 | — | $558.0M | ||
| Q1 24 | — | $856.0M |
自由现金流BKVCTRA
| Q4 25 | — | — | ||
| Q3 25 | $-126.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BKVCTRA
| Q4 25 | — | — | ||
| Q3 25 | -63.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BKVCTRA
| Q4 25 | — | — | ||
| Q3 25 | 100.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BKVCTRA
| Q4 25 | 0.99× | 2.64× | ||
| Q3 25 | 0.97× | 3.02× | ||
| Q2 25 | 0.73× | 1.83× | ||
| Q1 25 | — | 2.22× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | — | 3.00× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | — | 2.43× |
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
BKV
| Natural Gas NGL And Oil | $249.3M | 97% |
| Related Party And Other | $4.7M | 2% |
| Marketing | $2.8M | 1% |
CTRA
| Oil And Condensate | $941.0M | 53% |
| Natural Gas Production | $615.0M | 34% |
| Natural Gas Liquids Reserves | $206.0M | 12% |
| Other Revenues | $28.0M | 2% |
