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CNX Resources Corp（CNX）与COMSTOCK RESOURCES INC（CRK）财务数据对比。点击上方公司名可切换其他公司
COMSTOCK RESOURCES INC的季度营收约是CNX Resources Corp的1.3倍（$787.3M vs $610.5M），COMSTOCK RESOURCES INC净利率更高（35.7% vs 32.1%，领先3.5%），CNX Resources Corp同比增速更快（347.0% vs 114.3%），CNX Resources Corp自由现金流更多（$122.6M vs $-141.2M），过去两年COMSTOCK RESOURCES INC的营收复合增速更高（53.1% vs 32.0%）
CNX资源公司是总部位于美国匹兹堡的天然气企业，业务布局覆盖阿巴拉契亚盆地，核心产区位于宾夕法尼亚州、俄亥俄州、西弗吉尼亚州的马塞勒斯和尤蒂卡页岩区，同时在弗吉尼亚州开发煤层气资产、运营甲烷捕获减排项目，拥有完善的中游业务体系，是美国规模最大的天然气生产商之一。
Comstock Resources Inc.是一家独立能源企业，主要从事天然气、原油及天然气凝液的勘探、开发、生产与销售业务，核心运营资产位于美国得州和路易斯安那州的页岩产区，服务北美能源市场。
CNX vs CRK — 直观对比
营收规模更大
CRK
是对方的1.3倍
$610.5M
营收增速更快
CNX
高出232.7%
114.3%
净利率更高
CRK
高出3.5%
32.1%
自由现金流更多
CNX
多$263.9M
$-141.2M
两年增速更快
CRK
近两年复合增速
32.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.5M | $787.3M |
| 净利润 | $196.3M | $280.9M |
| 毛利率 | — | — |
| 营业利润率 | — | 48.3% |
| 净利率 | 32.1% | 35.7% |
| 营收同比 | 347.0% | 114.3% |
| 净利润同比 | 235.7% | 583.3% |
| 每股收益（稀释后） | $1.58 | $0.99 |
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CNXCRK
| Q4 25 | $610.5M | $787.3M | ||
| Q3 25 | $583.8M | $449.9M | ||
| Q2 25 | $962.4M | $470.3M | ||
| Q1 25 | — | $512.9M | ||
| Q4 24 | — | $367.4M | ||
| Q3 24 | $424.2M | $304.5M | ||
| Q2 24 | $321.4M | $246.8M | ||
| Q1 24 | $384.6M | $335.8M |
净利润CNXCRK
| Q4 25 | $196.3M | $280.9M | ||
| Q3 25 | $202.1M | $111.1M | ||
| Q2 25 | $432.5M | $124.8M | ||
| Q1 25 | — | $-121.3M | ||
| Q4 24 | — | $-58.1M | ||
| Q3 24 | $65.5M | $-28.9M | ||
| Q2 24 | $-18.3M | $-126.3M | ||
| Q1 24 | $6.9M | $-16.3M |
营业利润率CNXCRK
| Q4 25 | — | 48.3% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | -20.1% | ||
| Q2 24 | — | -37.5% | ||
| Q1 24 | — | -3.8% |
净利率CNXCRK
| Q4 25 | 32.1% | 35.7% | ||
| Q3 25 | 34.6% | 24.7% | ||
| Q2 25 | 44.9% | 26.5% | ||
| Q1 25 | — | -23.6% | ||
| Q4 24 | — | -15.8% | ||
| Q3 24 | 15.4% | -9.5% | ||
| Q2 24 | -5.7% | -51.2% | ||
| Q1 24 | 1.8% | -4.9% |
每股收益（稀释后）CNXCRK
| Q4 25 | $1.58 | $0.99 | ||
| Q3 25 | $1.21 | $0.40 | ||
| Q2 25 | $2.53 | $0.44 | ||
| Q1 25 | — | $-0.40 | ||
| Q4 24 | — | $-0.19 | ||
| Q3 24 | $0.37 | $-0.09 | ||
| Q2 24 | $-0.12 | $-0.43 | ||
| Q1 24 | $0.04 | $-0.05 |
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 | $779.0K | $23.9M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.3B | $2.6B |
| 总资产 | $9.1B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资CNXCRK
| Q4 25 | $779.0K | $23.9M | ||
| Q3 25 | $4.7M | $19.2M | ||
| Q2 25 | $3.4M | $25.9M | ||
| Q1 25 | — | $32.9M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $1.3M | $13.8M | ||
| Q2 24 | $3.9M | $19.3M | ||
| Q1 24 | $2.0M | $6.4M |
总债务CNXCRK
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益CNXCRK
| Q4 25 | $4.3B | $2.6B | ||
| Q3 25 | $4.1B | $2.4B | ||
| Q2 25 | $4.1B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $4.3B | $2.3B | ||
| Q2 24 | $4.3B | $2.3B | ||
| Q1 24 | $4.3B | $2.4B |
总资产CNXCRK
| Q4 25 | $9.1B | $7.0B | ||
| Q3 25 | $8.9B | $6.8B | ||
| Q2 25 | $9.0B | $6.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | $8.5B | $6.3B | ||
| Q2 24 | $8.6B | $6.3B | ||
| Q1 24 | $8.7B | $6.3B |
负债/权益比CNXCRK
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 0.53× | — |
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 | $297.0M | $224.2M |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $-141.2M |
| 自由现金流率自由现金流/营收 | 20.1% | -17.9% |
| 资本支出强度资本支出/营收 | 28.6% | 46.4% |
| 现金转化率经营现金流/净利润 | 1.51× | 0.80× |
| 过去12个月自由现金流最近4个季度 | $505.2M | $-449.7M |
8季度趋势，按日历期对齐
经营现金流CNXCRK
| Q4 25 | $297.0M | $224.2M | ||
| Q3 25 | $233.8M | $153.1M | ||
| Q2 25 | $282.5M | $347.6M | ||
| Q1 25 | — | $174.7M | ||
| Q4 24 | — | $267.1M | ||
| Q3 24 | $170.2M | $98.2M | ||
| Q2 24 | $191.8M | $83.6M | ||
| Q1 24 | $185.1M | $171.5M |
自由现金流CNXCRK
| Q4 25 | $122.6M | $-141.2M | ||
| Q3 25 | $158.2M | $-188.4M | ||
| Q2 25 | $168.9M | $3.2M | ||
| Q1 25 | — | $-123.2M | ||
| Q4 24 | — | $-12.9M | ||
| Q3 24 | $55.4M | $-131.1M | ||
| Q2 24 | $39.8M | $-153.2M | ||
| Q1 24 | $16.9M | $-179.9M |
自由现金流率CNXCRK
| Q4 25 | 20.1% | -17.9% | ||
| Q3 25 | 27.1% | -41.9% | ||
| Q2 25 | 17.6% | 0.7% | ||
| Q1 25 | — | -24.0% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | 13.1% | -43.1% | ||
| Q2 24 | 12.4% | -62.1% | ||
| Q1 24 | 4.4% | -53.6% |
资本支出强度CNXCRK
| Q4 25 | 28.6% | 46.4% | ||
| Q3 25 | 12.9% | 75.9% | ||
| Q2 25 | 11.8% | 73.2% | ||
| Q1 25 | — | 58.1% | ||
| Q4 24 | — | 76.2% | ||
| Q3 24 | 27.0% | 75.3% | ||
| Q2 24 | 47.3% | 95.9% | ||
| Q1 24 | 43.7% | 104.7% |
现金转化率CNXCRK
| Q4 25 | 1.51× | 0.80× | ||
| Q3 25 | 1.16× | 1.38× | ||
| Q2 25 | 0.65× | 2.78× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 27.01× | — |
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
CNX
| Natural Gas Reserves | $436.6M | 72% |
| Other | $66.8M | 11% |
| NG Ls | $38.1M | 6% |
| Coalbed Methane | $35.2M | 6% |
| Shale | $17.5M | 3% |
| Oil And Gas Purchased | $14.4M | 2% |
| Oil And Condensate | $1.9M | 0% |
CRK
| Other | $420.7M | 53% |
| Natural Gas And Oil Sales | $366.6M | 47% |
