vs
Core Natural Resources, Inc.（CNR）与Ramaco Resources, Inc.（METC）财务数据对比。点击上方公司名可切换其他公司
Core Natural Resources, Inc.的季度营收约是Ramaco Resources, Inc.的8.6倍（$1.0B vs $121.0M）。Core Natural Resources, Inc.净利率更高（-7.6% vs -11.0%，领先3.4%）。Core Natural Resources, Inc.同比增速更快（81.8% vs -27.7%）。Core Natural Resources, Inc.自由现金流更多（$26.0M vs $-17.5M）。过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs -22.7%）
Arch Resources（原阿奇煤炭）曾是美国煤炭开采加工企业，为美国第二大煤炭供应商，仅次于皮博迪能源，2011年占据美国国内15%的市场份额，主营低硫烟煤、次烟煤的开采、加工与销售，客户以发电企业为主。
Ramaco Resources, Inc.是一家总部位于美国的矿业企业，主营高等级冶金煤生产，在阿巴拉契亚地区运营多处采矿资产，产品供应全球钢铁制造商及工业客户，核心业务为可持续、低成本的冶金煤开采与分销。
CNR vs METC — 直观对比
营收规模更大
CNR
是对方的8.6倍
$121.0M
营收增速更快
CNR
高出109.5%
-27.7%
净利率更高
CNR
高出3.4%
-11.0%
自由现金流更多
CNR
多$43.6M
$-17.5M
两年增速更快
CNR
近两年复合增速
-22.7%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $121.0M |
| 净利润 | $-79.0M | $-13.3M |
| 毛利率 | — | 15.8% |
| 营业利润率 | -9.3% | -12.0% |
| 净利率 | -7.6% | -11.0% |
| 营收同比 | 81.8% | -27.7% |
| 净利润同比 | -356.3% | -5468.2% |
| 每股收益（稀释后） | $-1.51 | — |
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CNRMETC
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $121.0M | ||
| Q2 25 | $1.1B | $153.0M | ||
| Q1 25 | $1.0B | $134.7M | ||
| Q4 24 | $573.6M | $170.9M | ||
| Q3 24 | $553.4M | $167.4M | ||
| Q2 24 | $490.7M | $155.3M | ||
| Q1 24 | $546.7M | $172.7M |
净利润CNRMETC
| Q4 25 | $-79.0M | — | ||
| Q3 25 | $31.6M | $-13.3M | ||
| Q2 25 | $-36.6M | $-14.0M | ||
| Q1 25 | $-69.3M | $-9.5M | ||
| Q4 24 | $30.8M | $3.9M | ||
| Q3 24 | $95.6M | $-239.0K | ||
| Q2 24 | $58.1M | $5.5M | ||
| Q1 24 | $101.9M | $2.0M |
毛利率CNRMETC
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
营业利润率CNRMETC
| Q4 25 | -9.3% | — | ||
| Q3 25 | -1.2% | -12.0% | ||
| Q2 25 | -1.7% | -9.1% | ||
| Q1 25 | -5.3% | -8.9% | ||
| Q4 24 | 6.6% | 3.7% | ||
| Q3 24 | 21.2% | 1.0% | ||
| Q2 24 | 14.6% | 3.5% | ||
| Q1 24 | 22.7% | 1.9% |
净利率CNRMETC
| Q4 25 | -7.6% | — | ||
| Q3 25 | 3.2% | -11.0% | ||
| Q2 25 | -3.3% | -9.1% | ||
| Q1 25 | -6.8% | -7.0% | ||
| Q4 24 | 5.4% | 2.3% | ||
| Q3 24 | 17.3% | -0.1% | ||
| Q2 24 | 11.8% | 3.6% | ||
| Q1 24 | 18.6% | 1.2% |
每股收益（稀释后）CNRMETC
| Q4 25 | $-1.51 | — | ||
| Q3 25 | $0.61 | — | ||
| Q2 25 | $-0.70 | — | ||
| Q1 25 | $-1.38 | — | ||
| Q4 24 | $1.04 | $0.06 | ||
| Q3 24 | $3.22 | $-0.03 | ||
| Q2 24 | $1.96 | $0.08 | ||
| Q1 24 | $3.39 | $0.00 |
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 | $432.2M | $193.8M |
| 总债务越低越好 | $354.2M | $116.3M |
| 股东权益账面价值 | $3.7B | $526.9M |
| 总资产 | $6.1B | $849.7M |
| 负债/权益比越低杠杆越低 | 0.10× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资CNRMETC
| Q4 25 | $432.2M | — | ||
| Q3 25 | $444.7M | $193.8M | ||
| Q2 25 | $413.2M | $28.1M | ||
| Q1 25 | $388.5M | $43.5M | ||
| Q4 24 | $460.2M | $33.0M | ||
| Q3 24 | $331.7M | $22.9M | ||
| Q2 24 | $216.1M | $27.6M | ||
| Q1 24 | $172.6M | $30.5M |
总债务CNRMETC
| Q4 25 | $354.2M | — | ||
| Q3 25 | $334.5M | $116.3M | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | $88.2M | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | — | ||
| Q1 24 | $185.5M | — |
股东权益CNRMETC
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $526.9M | ||
| Q2 25 | $3.8B | $347.4M | ||
| Q1 25 | $3.9B | $355.2M | ||
| Q4 24 | $1.6B | $362.8M | ||
| Q3 24 | $1.5B | $361.8M | ||
| Q2 24 | $1.4B | $366.1M | ||
| Q1 24 | $1.4B | $372.3M |
总资产CNRMETC
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.2B | $849.7M | ||
| Q2 25 | $6.2B | $674.6M | ||
| Q1 25 | $6.3B | $685.7M | ||
| Q4 24 | $2.9B | $674.7M | ||
| Q3 24 | $2.8B | $645.4M | ||
| Q2 24 | $2.7B | $659.2M | ||
| Q1 24 | $2.7B | $674.0M |
负债/权益比CNRMETC
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.09× | 0.22× | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | 0.24× | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.13× | — |
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 | $107.3M | $-1.4M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-17.5M |
| 自由现金流率自由现金流/营收 | 2.5% | -14.5% |
| 资本支出强度资本支出/营收 | 7.8% | 13.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $21.2M | $-24.7M |
8季度趋势，按日历期对齐
经营现金流CNRMETC
| Q4 25 | $107.3M | — | ||
| Q3 25 | $87.9M | $-1.4M | ||
| Q2 25 | $220.2M | $-4.3M | ||
| Q1 25 | $-109.6M | $26.0M | ||
| Q4 24 | $121.3M | $15.7M | ||
| Q3 24 | $161.3M | $37.4M | ||
| Q2 24 | $116.3M | $34.4M | ||
| Q1 24 | $77.5M | $25.2M |
自由现金流CNRMETC
| Q4 25 | $26.0M | — | ||
| Q3 25 | $38.6M | $-17.5M | ||
| Q2 25 | $131.0M | $-19.8M | ||
| Q1 25 | $-174.5M | $7.6M | ||
| Q4 24 | $80.5M | $5.1M | ||
| Q3 24 | $121.9M | $25.6M | ||
| Q2 24 | $60.9M | $20.3M | ||
| Q1 24 | $35.1M | $6.5M |
自由现金流率CNRMETC
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.9% | -14.5% | ||
| Q2 25 | 11.9% | -13.0% | ||
| Q1 25 | -17.1% | 5.6% | ||
| Q4 24 | 14.0% | 3.0% | ||
| Q3 24 | 22.0% | 15.3% | ||
| Q2 24 | 12.4% | 13.1% | ||
| Q1 24 | 6.4% | 3.7% |
资本支出强度CNRMETC
| Q4 25 | 7.8% | — | ||
| Q3 25 | 4.9% | 13.3% | ||
| Q2 25 | 8.1% | 10.2% | ||
| Q1 25 | 6.4% | 13.7% | ||
| Q4 24 | 7.1% | 6.2% | ||
| Q3 24 | 7.1% | 7.0% | ||
| Q2 24 | 11.3% | 9.1% | ||
| Q1 24 | 7.7% | 10.8% |
现金转化率CNRMETC
| Q4 25 | — | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.94× | 4.06× | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 2.00× | 6.21× | ||
| Q1 24 | 0.76× | 12.40× |
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
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
