vs
Core Natural Resources, Inc.（CNR）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Core Natural Resources, Inc.的1.4倍（$1.5B vs $1.0B），RXO, Inc.净利率更高（-3.1% vs -7.6%，领先4.4%），Core Natural Resources, Inc.同比增速更快（81.8% vs -11.9%），Core Natural Resources, Inc.自由现金流更多（$26.0M vs $-9.0M），过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs 26.8%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
CNR vs RXO — 直观对比
营收规模更大
RXO
是对方的1.4倍
$1.0B
营收增速更快
CNR
高出93.6%
-11.9%
净利率更高
RXO
高出4.4%
-7.6%
自由现金流更多
CNR
多$35.0M
$-9.0M
两年增速更快
CNR
近两年复合增速
26.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.5B |
| 净利润 | $-79.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | -9.3% | -2.9% |
| 净利率 | -7.6% | -3.1% |
| 营收同比 | 81.8% | -11.9% |
| 净利润同比 | -356.3% | -84.0% |
| 每股收益（稀释后） | $-1.51 | $-0.28 |
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CNRRXO
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $573.6M | $1.7B | ||
| Q3 24 | $553.4M | $1.0B | ||
| Q2 24 | $490.7M | $930.0M | ||
| Q1 24 | $546.7M | $913.0M |
净利润CNRRXO
| Q4 25 | $-79.0M | $-46.0M | ||
| Q3 25 | $31.6M | $-14.0M | ||
| Q2 25 | $-36.6M | $-9.0M | ||
| Q1 25 | $-69.3M | $-31.0M | ||
| Q4 24 | $30.8M | $-25.0M | ||
| Q3 24 | $95.6M | $-243.0M | ||
| Q2 24 | $58.1M | $-7.0M | ||
| Q1 24 | $101.9M | $-15.0M |
营业利润率CNRRXO
| Q4 25 | -9.3% | -2.9% | ||
| Q3 25 | -1.2% | -0.5% | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | -5.3% | -2.1% | ||
| Q4 24 | 6.6% | -1.4% | ||
| Q3 24 | 21.2% | -1.9% | ||
| Q2 24 | 14.6% | — | ||
| Q1 24 | 22.7% | -1.3% |
净利率CNRRXO
| Q4 25 | -7.6% | -3.1% | ||
| Q3 25 | 3.2% | -1.0% | ||
| Q2 25 | -3.3% | -0.6% | ||
| Q1 25 | -6.8% | -2.2% | ||
| Q4 24 | 5.4% | -1.5% | ||
| Q3 24 | 17.3% | -23.4% | ||
| Q2 24 | 11.8% | -0.8% | ||
| Q1 24 | 18.6% | -1.6% |
每股收益（稀释后）CNRRXO
| Q4 25 | $-1.51 | $-0.28 | ||
| Q3 25 | $0.61 | $-0.08 | ||
| Q2 25 | $-0.70 | $-0.05 | ||
| Q1 25 | $-1.38 | $-0.18 | ||
| Q4 24 | $1.04 | $-0.17 | ||
| Q3 24 | $3.22 | $-1.81 | ||
| Q2 24 | $1.96 | $-0.06 | ||
| Q1 24 | $3.39 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $354.2M | $387.0M |
| 股东权益账面价值 | $3.7B | $1.5B |
| 总资产 | $6.1B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.10× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CNRRXO
| Q4 25 | $432.2M | $17.0M | ||
| Q3 25 | $444.7M | $25.0M | ||
| Q2 25 | $413.2M | $18.0M | ||
| Q1 25 | $388.5M | $16.0M | ||
| Q4 24 | $460.2M | $35.0M | ||
| Q3 24 | $331.7M | $55.0M | ||
| Q2 24 | $216.1M | $7.0M | ||
| Q1 24 | $172.6M | $7.0M |
总债务CNRRXO
| Q4 25 | $354.2M | $387.0M | ||
| Q3 25 | $334.5M | $387.0M | ||
| Q2 25 | $334.0M | $387.0M | ||
| Q1 25 | $329.8M | $387.0M | ||
| Q4 24 | $94.8M | $351.0M | ||
| Q3 24 | $83.7M | $352.0M | ||
| Q2 24 | $184.9M | $370.0M | ||
| Q1 24 | $185.5M | $351.0M |
股东权益CNRRXO
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $3.8B | $1.6B | ||
| Q2 25 | $3.8B | $1.6B | ||
| Q1 25 | $3.9B | $1.6B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.4B | $579.0M | ||
| Q1 24 | $1.4B | $582.0M |
总资产CNRRXO
| Q4 25 | $6.1B | $3.3B | ||
| Q3 25 | $6.2B | $3.2B | ||
| Q2 25 | $6.2B | $3.2B | ||
| Q1 25 | $6.3B | $3.3B | ||
| Q4 24 | $2.9B | $3.4B | ||
| Q3 24 | $2.8B | $3.4B | ||
| Q2 24 | $2.7B | $1.8B | ||
| Q1 24 | $2.7B | $1.8B |
负债/权益比CNRRXO
| Q4 25 | 0.10× | 0.25× | ||
| Q3 25 | 0.09× | 0.24× | ||
| Q2 25 | 0.09× | 0.24× | ||
| Q1 25 | 0.08× | 0.24× | ||
| Q4 24 | 0.06× | 0.22× | ||
| Q3 24 | 0.05× | 0.21× | ||
| Q2 24 | 0.13× | 0.64× | ||
| Q1 24 | 0.13× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 2.5% | -0.6% |
| 资本支出强度资本支出/营收 | 7.8% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流CNRRXO
| Q4 25 | $107.3M | $7.0M | ||
| Q3 25 | $87.9M | $23.0M | ||
| Q2 25 | $220.2M | $23.0M | ||
| Q1 25 | $-109.6M | $-2.0M | ||
| Q4 24 | $121.3M | $-7.0M | ||
| Q3 24 | $161.3M | $-7.0M | ||
| Q2 24 | $116.3M | $-5.0M | ||
| Q1 24 | $77.5M | $7.0M |
自由现金流CNRRXO
| Q4 25 | $26.0M | $-9.0M | ||
| Q3 25 | $38.6M | $9.0M | ||
| Q2 25 | $131.0M | $9.0M | ||
| Q1 25 | $-174.5M | $-17.0M | ||
| Q4 24 | $80.5M | $-19.0M | ||
| Q3 24 | $121.9M | $-18.0M | ||
| Q2 24 | $60.9M | $-16.0M | ||
| Q1 24 | $35.1M | $-4.0M |
自由现金流率CNRRXO
| Q4 25 | 2.5% | -0.6% | ||
| Q3 25 | 3.9% | 0.6% | ||
| Q2 25 | 11.9% | 0.6% | ||
| Q1 25 | -17.1% | -1.2% | ||
| Q4 24 | 14.0% | -1.1% | ||
| Q3 24 | 22.0% | -1.7% | ||
| Q2 24 | 12.4% | -1.7% | ||
| Q1 24 | 6.4% | -0.4% |
资本支出强度CNRRXO
| Q4 25 | 7.8% | 1.1% | ||
| Q3 25 | 4.9% | 1.0% | ||
| Q2 25 | 8.1% | 1.0% | ||
| Q1 25 | 6.4% | 1.0% | ||
| Q4 24 | 7.1% | 0.7% | ||
| Q3 24 | 7.1% | 1.1% | ||
| Q2 24 | 11.3% | 1.2% | ||
| Q1 24 | 7.7% | 1.2% |
现金转化率CNRRXO
| Q4 25 | — | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 0.76× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
