vs
CIVITAS RESOURCES, INC.（CIVI）与华利安（HLI）财务数据对比。点击上方公司名可切换其他公司
CIVITAS RESOURCES, INC.的季度营收约是华利安的1.6倍（$1.2B vs $717.1M），华利安同比增速更快（13.0% vs -8.2%），过去两年华利安的营收复合增速更高（17.4% vs 1.8%）
Civitas Resources是一家总部位于美国的可持续能源企业，主要从事石油、天然气及天然气凝液的勘探、开发与生产业务，核心运营区域位于科罗拉多州丹佛-朱尔斯堡盆地，专注于低排放的负责任能源开发，服务北美能源市场需求。
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
CIVI vs HLI — 直观对比
营收规模更大
CIVI
是对方的1.6倍
$717.1M
营收增速更快
HLI
高出21.2%
-8.2%
两年增速更快
HLI
近两年复合增速
1.8%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $717.1M |
| 净利润 | — | $116.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | 20.0% | 22.4% |
| 净利率 | — | 16.3% |
| 营收同比 | -8.2% | 13.0% |
| 净利润同比 | — | 22.3% |
| 每股收益（稀释后） | $1.99 | $1.70 |
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CIVIHLI
| Q4 25 | — | $717.1M | ||
| Q3 25 | $1.2B | $659.5M | ||
| Q2 25 | $1.1B | $605.3M | ||
| Q1 25 | $1.2B | $666.4M | ||
| Q4 24 | $1.3B | $634.4M | ||
| Q3 24 | $1.3B | $575.0M | ||
| Q2 24 | $1.3B | $513.6M | ||
| Q1 24 | $1.3B | $520.5M |
净利润CIVIHLI
| Q4 25 | — | $116.5M | ||
| Q3 25 | — | $111.8M | ||
| Q2 25 | — | $97.5M | ||
| Q1 25 | — | $121.9M | ||
| Q4 24 | — | $95.3M | ||
| Q3 24 | — | $93.5M | ||
| Q2 24 | — | $88.9M | ||
| Q1 24 | — | $81.1M |
毛利率CIVIHLI
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 30.3% |
营业利润率CIVIHLI
| Q4 25 | — | 22.4% | ||
| Q3 25 | 20.0% | 22.9% | ||
| Q2 25 | 15.3% | 14.8% | ||
| Q1 25 | 20.7% | 20.9% | ||
| Q4 24 | 15.4% | 21.5% | ||
| Q3 24 | 30.6% | 22.7% | ||
| Q2 24 | 21.6% | 18.6% | ||
| Q1 24 | 15.9% | 19.7% |
净利率CIVIHLI
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 15.6% |
每股收益（稀释后）CIVIHLI
| Q4 25 | — | $1.70 | ||
| Q3 25 | $1.99 | $1.63 | ||
| Q2 25 | $1.34 | $1.42 | ||
| Q1 25 | $1.99 | $1.76 | ||
| Q4 24 | $1.56 | $1.39 | ||
| Q3 24 | $3.01 | $1.37 | ||
| Q2 24 | $2.15 | $1.30 | ||
| Q1 24 | $1.74 | $1.18 |
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 | $56.0M | $1.1B |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $6.7B | $2.3B |
| 总资产 | $15.1B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.77× | — |
8季度趋势，按日历期对齐
现金及短期投资CIVIHLI
| Q4 25 | — | $1.1B | ||
| Q3 25 | $56.0M | $923.6M | ||
| Q2 25 | $69.0M | $793.8M | ||
| Q1 25 | $20.0M | $971.0M | ||
| Q4 24 | $76.0M | $799.3M | ||
| Q3 24 | $47.1M | $691.4M | ||
| Q2 24 | $91.9M | $449.7M | ||
| Q1 24 | $52.1M | $721.2M |
总债务CIVIHLI
| Q4 25 | — | — | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.8B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.4B | — |
股东权益CIVIHLI
| Q4 25 | — | $2.3B | ||
| Q3 25 | $6.7B | $2.2B | ||
| Q2 25 | $6.8B | $2.2B | ||
| Q1 25 | $6.7B | $2.2B | ||
| Q4 24 | $6.6B | $2.1B | ||
| Q3 24 | $6.7B | $2.0B | ||
| Q2 24 | $6.6B | $1.8B | ||
| Q1 24 | $6.6B | $1.8B |
总资产CIVIHLI
| Q4 25 | — | $3.9B | ||
| Q3 25 | $15.1B | $3.8B | ||
| Q2 25 | $15.4B | $3.5B | ||
| Q1 25 | $15.3B | $3.8B | ||
| Q4 24 | $14.9B | $3.5B | ||
| Q3 24 | $15.0B | $3.2B | ||
| Q2 24 | $15.0B | $2.9B | ||
| Q1 24 | $15.1B | $3.2B |
负债/权益比CIVIHLI
| Q4 25 | — | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.76× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.74× | — | ||
| Q1 24 | 0.67× | — |
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 | $860.0M | $217.7M |
| 自由现金流经营现金流 - 资本支出 | — | $217.0M |
| 自由现金流率自由现金流/营收 | — | 30.3% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $738.9M |
8季度趋势，按日历期对齐
经营现金流CIVIHLI
| Q4 25 | — | $217.7M | ||
| Q3 25 | $860.0M | $325.0M | ||
| Q2 25 | $298.0M | $-131.6M | ||
| Q1 25 | $719.0M | $358.4M | ||
| Q4 24 | $858.2M | $265.5M | ||
| Q3 24 | $835.0M | $289.2M | ||
| Q2 24 | $359.0M | $-64.5M | ||
| Q1 24 | $813.0M | $225.3M |
自由现金流CIVIHLI
| Q4 25 | — | $217.0M | ||
| Q3 25 | — | $322.8M | ||
| Q2 25 | — | $-144.8M | ||
| Q1 25 | — | $343.9M | ||
| Q4 24 | — | $261.7M | ||
| Q3 24 | — | $278.7M | ||
| Q2 24 | — | $-75.4M | ||
| Q1 24 | — | $213.1M |
自由现金流率CIVIHLI
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 49.0% | ||
| Q2 25 | — | -23.9% | ||
| Q1 25 | — | 51.6% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 48.5% | ||
| Q2 24 | — | -14.7% | ||
| Q1 24 | — | 40.9% |
资本支出强度CIVIHLI
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 2.3% |
现金转化率CIVIHLI
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 2.91× | ||
| Q2 25 | — | -1.35× | ||
| Q1 25 | — | 2.94× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 3.09× | ||
| Q2 24 | — | -0.73× | ||
| Q1 24 | — | 2.78× |
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
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
