vs
Core Natural Resources, Inc.（CNR）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Core Natural Resources, Inc.的1.4倍（$1.4B vs $1.0B），瑞思迈净利率更高（27.6% vs -7.6%，领先35.2%），Core Natural Resources, Inc.同比增速更快（81.8% vs 11.0%），瑞思迈自由现金流更多（$311.2M vs $26.0M），过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs 9.0%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
CNR vs RMD — 直观对比
营收规模更大
RMD
是对方的1.4倍
$1.0B
营收增速更快
CNR
高出70.8%
11.0%
净利率更高
RMD
高出35.2%
-7.6%
自由现金流更多
RMD
多$285.2M
$26.0M
两年增速更快
CNR
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $-79.0M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | -9.3% | 34.6% |
| 净利率 | -7.6% | 27.6% |
| 营收同比 | 81.8% | 11.0% |
| 净利润同比 | -356.3% | 13.9% |
| 每股收益（稀释后） | $-1.51 | $2.68 |
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CNRRMD
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $573.6M | $1.3B | ||
| Q3 24 | $553.4M | $1.2B | ||
| Q2 24 | $490.7M | $1.2B | ||
| Q1 24 | $546.7M | $1.2B |
净利润CNRRMD
| Q4 25 | $-79.0M | $392.6M | ||
| Q3 25 | $31.6M | $348.5M | ||
| Q2 25 | $-36.6M | $379.7M | ||
| Q1 25 | $-69.3M | $365.0M | ||
| Q4 24 | $30.8M | $344.6M | ||
| Q3 24 | $95.6M | $311.4M | ||
| Q2 24 | $58.1M | $292.2M | ||
| Q1 24 | $101.9M | $300.5M |
毛利率CNRRMD
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 57.9% |
营业利润率CNRRMD
| Q4 25 | -9.3% | 34.6% | ||
| Q3 25 | -1.2% | 33.4% | ||
| Q2 25 | -1.7% | 33.7% | ||
| Q1 25 | -5.3% | 33.0% | ||
| Q4 24 | 6.6% | 32.5% | ||
| Q3 24 | 21.2% | 31.6% | ||
| Q2 24 | 14.6% | 31.2% | ||
| Q1 24 | 22.7% | 31.3% |
净利率CNRRMD
| Q4 25 | -7.6% | 27.6% | ||
| Q3 25 | 3.2% | 26.1% | ||
| Q2 25 | -3.3% | 28.2% | ||
| Q1 25 | -6.8% | 28.3% | ||
| Q4 24 | 5.4% | 26.9% | ||
| Q3 24 | 17.3% | 25.4% | ||
| Q2 24 | 11.8% | 23.9% | ||
| Q1 24 | 18.6% | 25.1% |
每股收益（稀释后）CNRRMD
| Q4 25 | $-1.51 | $2.68 | ||
| Q3 25 | $0.61 | $2.37 | ||
| Q2 25 | $-0.70 | $2.58 | ||
| Q1 25 | $-1.38 | $2.48 | ||
| Q4 24 | $1.04 | $2.34 | ||
| Q3 24 | $3.22 | $2.11 | ||
| Q2 24 | $1.96 | $1.97 | ||
| Q1 24 | $3.39 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | $354.2M | $403.9M |
| 股东权益账面价值 | $3.7B | $6.3B |
| 总资产 | $6.1B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.10× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CNRRMD
| Q4 25 | $432.2M | $1.4B | ||
| Q3 25 | $444.7M | $1.4B | ||
| Q2 25 | $413.2M | $1.2B | ||
| Q1 25 | $388.5M | $932.7M | ||
| Q4 24 | $460.2M | $521.9M | ||
| Q3 24 | $331.7M | $426.4M | ||
| Q2 24 | $216.1M | $238.4M | ||
| Q1 24 | $172.6M | $237.9M |
总债务CNRRMD
| Q4 25 | $354.2M | $403.9M | ||
| Q3 25 | $334.5M | $408.7M | ||
| Q2 25 | $334.0M | $658.4M | ||
| Q1 25 | $329.8M | $663.1M | ||
| Q4 24 | $94.8M | $662.9M | ||
| Q3 24 | $83.7M | $667.6M | ||
| Q2 24 | $184.9M | $697.3M | ||
| Q1 24 | $185.5M | $997.0M |
股东权益CNRRMD
| Q4 25 | $3.7B | $6.3B | ||
| Q3 25 | $3.8B | $6.1B | ||
| Q2 25 | $3.8B | $6.0B | ||
| Q1 25 | $3.9B | $5.5B | ||
| Q4 24 | $1.6B | $5.3B | ||
| Q3 24 | $1.5B | $5.2B | ||
| Q2 24 | $1.4B | $4.9B | ||
| Q1 24 | $1.4B | $4.6B |
总资产CNRRMD
| Q4 25 | $6.1B | $8.5B | ||
| Q3 25 | $6.2B | $8.3B | ||
| Q2 25 | $6.2B | $8.2B | ||
| Q1 25 | $6.3B | $7.6B | ||
| Q4 24 | $2.9B | $7.1B | ||
| Q3 24 | $2.8B | $7.2B | ||
| Q2 24 | $2.7B | $6.9B | ||
| Q1 24 | $2.7B | $6.8B |
负债/权益比CNRRMD
| Q4 25 | 0.10× | 0.06× | ||
| Q3 25 | 0.09× | 0.07× | ||
| Q2 25 | 0.09× | 0.11× | ||
| Q1 25 | 0.08× | 0.12× | ||
| Q4 24 | 0.06× | 0.13× | ||
| Q3 24 | 0.05× | 0.13× | ||
| Q2 24 | 0.13× | 0.14× | ||
| Q1 24 | 0.13× | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $311.2M |
| 自由现金流率自由现金流/营收 | 2.5% | 21.9% |
| 资本支出强度资本支出/营收 | 7.8% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 0.87× |
| 过去12个月自由现金流最近4个季度 | $21.2M | $1.8B |
8季度趋势，按日历期对齐
经营现金流CNRRMD
| Q4 25 | $107.3M | $339.7M | ||
| Q3 25 | $87.9M | $457.3M | ||
| Q2 25 | $220.2M | $538.8M | ||
| Q1 25 | $-109.6M | $578.7M | ||
| Q4 24 | $121.3M | $308.6M | ||
| Q3 24 | $161.3M | $325.5M | ||
| Q2 24 | $116.3M | $440.1M | ||
| Q1 24 | $77.5M | $402.0M |
自由现金流CNRRMD
| Q4 25 | $26.0M | $311.2M | ||
| Q3 25 | $38.6M | $414.4M | ||
| Q2 25 | $131.0M | $508.2M | ||
| Q1 25 | $-174.5M | $557.9M | ||
| Q4 24 | $80.5M | $288.0M | ||
| Q3 24 | $121.9M | $307.7M | ||
| Q2 24 | $60.9M | $415.2M | ||
| Q1 24 | $35.1M | $380.8M |
自由现金流率CNRRMD
| Q4 25 | 2.5% | 21.9% | ||
| Q3 25 | 3.9% | 31.0% | ||
| Q2 25 | 11.9% | 37.7% | ||
| Q1 25 | -17.1% | 43.2% | ||
| Q4 24 | 14.0% | 22.5% | ||
| Q3 24 | 22.0% | 25.1% | ||
| Q2 24 | 12.4% | 33.9% | ||
| Q1 24 | 6.4% | 31.8% |
资本支出强度CNRRMD
| Q4 25 | 7.8% | 2.0% | ||
| Q3 25 | 4.9% | 3.2% | ||
| Q2 25 | 8.1% | 2.3% | ||
| Q1 25 | 6.4% | 1.6% | ||
| Q4 24 | 7.1% | 1.6% | ||
| Q3 24 | 7.1% | 1.5% | ||
| Q2 24 | 11.3% | 2.0% | ||
| Q1 24 | 7.7% | 1.8% |
现金转化率CNRRMD
| Q4 25 | — | 0.87× | ||
| Q3 25 | 2.78× | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 3.94× | 0.90× | ||
| Q3 24 | 1.69× | 1.05× | ||
| Q2 24 | 2.00× | 1.51× | ||
| Q1 24 | 0.76× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
