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CIVITAS RESOURCES, INC.（CIVI）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
斑马技术的季度营收约是CIVITAS RESOURCES, INC.的1.3倍（$1.5B vs $1.2B），斑马技术同比增速更快（10.6% vs -8.2%），过去两年斑马技术的营收复合增速更高（12.0% 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。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
CIVI vs ZBRA — 直观对比
营收规模更大
ZBRA
是对方的1.3倍
$1.2B
营收增速更快
ZBRA
高出18.7%
-8.2%
两年增速更快
ZBRA
近两年复合增速
1.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | — | $70.0M |
| 毛利率 | — | 47.3% |
| 营业利润率 | 20.0% | 9.4% |
| 净利率 | — | 4.7% |
| 营收同比 | -8.2% | 10.6% |
| 净利润同比 | — | -57.1% |
| 每股收益（稀释后） | $1.99 | $1.40 |
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CIVIZBRA
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
净利润CIVIZBRA
| Q4 25 | — | $70.0M | ||
| Q3 25 | — | $101.0M | ||
| Q2 25 | — | $112.0M | ||
| Q1 25 | — | $136.0M | ||
| Q4 24 | — | $163.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $113.0M | ||
| Q1 24 | — | $115.0M |
毛利率CIVIZBRA
| Q4 25 | — | 47.3% | ||
| Q3 25 | — | 48.0% | ||
| Q2 25 | — | 47.6% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 48.6% | ||
| Q3 24 | — | 48.8% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 47.9% |
营业利润率CIVIZBRA
| Q4 25 | — | 9.4% | ||
| Q3 25 | 20.0% | 13.9% | ||
| Q2 25 | 15.3% | 14.2% | ||
| Q1 25 | 20.7% | 14.9% | ||
| Q4 24 | 15.4% | 16.9% | ||
| Q3 24 | 30.6% | 15.2% | ||
| Q2 24 | 21.6% | 13.7% | ||
| Q1 24 | 15.9% | 13.5% |
净利率CIVIZBRA
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 9.8% |
每股收益（稀释后）CIVIZBRA
| Q4 25 | — | $1.40 | ||
| Q3 25 | $1.99 | $1.97 | ||
| Q2 25 | $1.34 | $2.19 | ||
| Q1 25 | $1.99 | $2.62 | ||
| Q4 24 | $1.56 | $3.14 | ||
| Q3 24 | $3.01 | $2.64 | ||
| Q2 24 | $2.15 | $2.17 | ||
| Q1 24 | $1.74 | $2.23 |
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 | $125.0M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $6.7B | $3.6B |
| 总资产 | $15.1B | $8.5B |
| 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CIVIZBRA
| Q4 25 | — | $125.0M | ||
| Q3 25 | $56.0M | $1.1B | ||
| Q2 25 | $69.0M | $872.0M | ||
| Q1 25 | $20.0M | $879.0M | ||
| Q4 24 | $76.0M | $901.0M | ||
| Q3 24 | $47.1M | $676.0M | ||
| Q2 24 | $91.9M | $411.0M | ||
| Q1 24 | $52.1M | $127.0M |
总债务CIVIZBRA
| Q4 25 | — | — | ||
| Q3 25 | $5.1B | $2.2B | ||
| Q2 25 | $5.4B | $2.2B | ||
| Q1 25 | $5.1B | $2.2B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.8B | $2.2B | ||
| Q2 24 | $4.9B | $2.2B | ||
| Q1 24 | $4.4B | $2.1B |
股东权益CIVIZBRA
| Q4 25 | — | $3.6B | ||
| Q3 25 | $6.7B | $3.7B | ||
| Q2 25 | $6.8B | $3.6B | ||
| Q1 25 | $6.7B | $3.6B | ||
| Q4 24 | $6.6B | $3.6B | ||
| Q3 24 | $6.7B | $3.4B | ||
| Q2 24 | $6.6B | $3.3B | ||
| Q1 24 | $6.6B | $3.2B |
总资产CIVIZBRA
| Q4 25 | — | $8.5B | ||
| Q3 25 | $15.1B | $8.1B | ||
| Q2 25 | $15.4B | $7.9B | ||
| Q1 25 | $15.3B | $7.9B | ||
| Q4 24 | $14.9B | $8.0B | ||
| Q3 24 | $15.0B | $7.7B | ||
| Q2 24 | $15.0B | $7.5B | ||
| Q1 24 | $15.1B | $7.3B |
负债/权益比CIVIZBRA
| Q4 25 | — | — | ||
| Q3 25 | 0.77× | 0.58× | ||
| Q2 25 | 0.79× | 0.60× | ||
| Q1 25 | 0.76× | 0.60× | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.73× | 0.64× | ||
| Q2 24 | 0.74× | 0.66× | ||
| Q1 24 | 0.67× | 0.66× |
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 | $357.0M |
| 自由现金流经营现金流 - 资本支出 | — | $327.0M |
| 自由现金流率自由现金流/营收 | — | 22.2% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | — | 5.10× |
| 过去12个月自由现金流最近4个季度 | — | $831.0M |
8季度趋势，按日历期对齐
经营现金流CIVIZBRA
| Q4 25 | — | $357.0M | ||
| Q3 25 | $860.0M | $235.0M | ||
| Q2 25 | $298.0M | $147.0M | ||
| Q1 25 | $719.0M | $178.0M | ||
| Q4 24 | $858.2M | $306.0M | ||
| Q3 24 | $835.0M | $294.0M | ||
| Q2 24 | $359.0M | $288.0M | ||
| Q1 24 | $813.0M | $125.0M |
自由现金流CIVIZBRA
| Q4 25 | — | $327.0M | ||
| Q3 25 | — | $216.0M | ||
| Q2 25 | — | $130.0M | ||
| Q1 25 | — | $158.0M | ||
| Q4 24 | — | $288.0M | ||
| Q3 24 | — | $277.0M | ||
| Q2 24 | — | $278.0M | ||
| Q1 24 | — | $111.0M |
自由现金流率CIVIZBRA
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 9.4% |
资本支出强度CIVIZBRA
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.2% |
现金转化率CIVIZBRA
| Q4 25 | — | 5.10× | ||
| Q3 25 | — | 2.33× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.88× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 2.55× | ||
| Q1 24 | — | 1.09× |
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% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
