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CNX Resources Corp（CNX）与雷诺士国际（LII）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是CNX Resources Corp的2.0倍（$1.2B vs $610.5M），CNX Resources Corp净利率更高（32.1% vs 13.6%，领先18.6%），CNX Resources Corp同比增速更快（347.0% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $122.6M），过去两年CNX Resources Corp的营收复合增速更高（32.0% vs 6.8%）
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。
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
CNX vs LII — 直观对比
营收规模更大
LII
是对方的2.0倍
$610.5M
营收增速更快
CNX
高出358.1%
-11.2%
净利率更高
CNX
高出18.6%
13.6%
自由现金流更多
LII
多$254.1M
$122.6M
两年增速更快
CNX
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.5M | $1.2B |
| 净利润 | $196.3M | $162.1M |
| 毛利率 | — | 34.7% |
| 营业利润率 | — | 18.6% |
| 净利率 | 32.1% | 13.6% |
| 营收同比 | 347.0% | -11.2% |
| 净利润同比 | 235.7% | -18.0% |
| 每股收益（稀释后） | $1.58 | $4.62 |
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CNXLII
| Q4 25 | $610.5M | $1.2B | ||
| Q3 25 | $583.8M | $1.4B | ||
| Q2 25 | $962.4M | $1.5B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $424.2M | $1.5B | ||
| Q2 24 | $321.4M | $1.5B | ||
| Q1 24 | $384.6M | $1.0B |
净利润CNXLII
| Q4 25 | $196.3M | $162.1M | ||
| Q3 25 | $202.1M | $245.8M | ||
| Q2 25 | $432.5M | $277.6M | ||
| Q1 25 | — | $120.3M | ||
| Q4 24 | — | $197.7M | ||
| Q3 24 | $65.5M | $239.0M | ||
| Q2 24 | $-18.3M | $245.9M | ||
| Q1 24 | $6.9M | $124.3M |
毛利率CNXLII
| Q4 25 | — | 34.7% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 34.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 33.6% | ||
| Q1 24 | — | 32.5% |
营业利润率CNXLII
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 22.1% | ||
| Q1 24 | — | 15.9% |
净利率CNXLII
| Q4 25 | 32.1% | 13.6% | ||
| Q3 25 | 34.6% | 17.2% | ||
| Q2 25 | 44.9% | 18.5% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 15.4% | 16.0% | ||
| Q2 24 | -5.7% | 16.9% | ||
| Q1 24 | 1.8% | 11.9% |
每股收益（稀释后）CNXLII
| Q4 25 | $1.58 | $4.62 | ||
| Q3 25 | $1.21 | $6.98 | ||
| Q2 25 | $2.53 | $7.82 | ||
| Q1 25 | — | $3.37 | ||
| Q4 24 | — | $5.52 | ||
| Q3 24 | $0.37 | $6.68 | ||
| Q2 24 | $-0.12 | $6.87 | ||
| Q1 24 | $0.04 | $3.47 |
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 | $34.7M |
| 总债务越低越好 | $2.4B | $1.1B |
| 股东权益账面价值 | $4.3B | $1.2B |
| 总资产 | $9.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资CNXLII
| Q4 25 | $779.0K | $34.7M | ||
| Q3 25 | $4.7M | $59.2M | ||
| Q2 25 | $3.4M | $55.1M | ||
| Q1 25 | — | $222.9M | ||
| Q4 24 | — | $422.3M | ||
| Q3 24 | $1.3M | $255.7M | ||
| Q2 24 | $3.9M | $57.8M | ||
| Q1 24 | $2.0M | $57.6M |
总债务CNXLII
| Q4 25 | $2.4B | $1.1B | ||
| Q3 25 | $2.6B | $838.2M | ||
| Q2 25 | $2.6B | $835.7M | ||
| Q1 25 | — | $834.2M | ||
| Q4 24 | — | $833.1M | ||
| Q3 24 | $2.3B | $827.6M | ||
| Q2 24 | $2.3B | $1.1B | ||
| Q1 24 | $2.3B | $1.2B |
股东权益CNXLII
| Q4 25 | $4.3B | $1.2B | ||
| Q3 25 | $4.1B | $1.1B | ||
| Q2 25 | $4.1B | $900.5M | ||
| Q1 25 | — | $852.5M | ||
| Q4 24 | — | $850.2M | ||
| Q3 24 | $4.3B | $754.0M | ||
| Q2 24 | $4.3B | $577.4M | ||
| Q1 24 | $4.3B | $368.8M |
总资产CNXLII
| Q4 25 | $9.1B | $4.1B | ||
| Q3 25 | $8.9B | $3.5B | ||
| Q2 25 | $9.0B | $3.7B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | $8.5B | $3.3B | ||
| Q2 24 | $8.6B | $3.2B | ||
| Q1 24 | $8.7B | $3.0B |
负债/权益比CNXLII
| Q4 25 | 0.56× | 0.98× | ||
| Q3 25 | 0.63× | 0.78× | ||
| Q2 25 | 0.64× | 0.93× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | 0.54× | 1.10× | ||
| Q2 24 | 0.54× | 1.95× | ||
| Q1 24 | 0.53× | 3.13× |
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 | $297.0M | $405.9M |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $376.7M |
| 自由现金流率自由现金流/营收 | 20.1% | 31.5% |
| 资本支出强度资本支出/营收 | 28.6% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.51× | 2.50× |
| 过去12个月自由现金流最近4个季度 | $505.2M | $638.8M |
8季度趋势，按日历期对齐
经营现金流CNXLII
| Q4 25 | $297.0M | $405.9M | ||
| Q3 25 | $233.8M | $300.7M | ||
| Q2 25 | $282.5M | $86.8M | ||
| Q1 25 | — | $-35.8M | ||
| Q4 24 | — | $332.4M | ||
| Q3 24 | $170.2M | $452.1M | ||
| Q2 24 | $191.8M | $184.0M | ||
| Q1 24 | $185.1M | $-22.8M |
自由现金流CNXLII
| Q4 25 | $122.6M | $376.7M | ||
| Q3 25 | $158.2M | $265.1M | ||
| Q2 25 | $168.9M | $58.3M | ||
| Q1 25 | — | $-61.3M | ||
| Q4 24 | — | $272.2M | ||
| Q3 24 | $55.4M | $410.9M | ||
| Q2 24 | $39.8M | $151.3M | ||
| Q1 24 | $16.9M | $-52.3M |
自由现金流率CNXLII
| Q4 25 | 20.1% | 31.5% | ||
| Q3 25 | 27.1% | 18.6% | ||
| Q2 25 | 17.6% | 3.9% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | 13.1% | 27.4% | ||
| Q2 24 | 12.4% | 10.4% | ||
| Q1 24 | 4.4% | -5.0% |
资本支出强度CNXLII
| Q4 25 | 28.6% | 2.4% | ||
| Q3 25 | 12.9% | 2.5% | ||
| Q2 25 | 11.8% | 1.9% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 27.0% | 2.8% | ||
| Q2 24 | 47.3% | 2.3% | ||
| Q1 24 | 43.7% | 2.8% |
现金转化率CNXLII
| Q4 25 | 1.51× | 2.50× | ||
| Q3 25 | 1.16× | 1.22× | ||
| Q2 25 | 0.65× | 0.31× | ||
| Q1 25 | — | -0.30× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 2.60× | 1.89× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 27.01× | -0.18× |
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% |
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
