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CNX Resources Corp（CNX）与微芯科技（MCHP）财务数据对比。点击上方公司名可切换其他公司
微芯科技的季度营收约是CNX Resources Corp的1.9倍（$1.2B vs $610.5M），CNX Resources Corp净利率更高（32.1% vs 5.3%，领先26.9%），CNX Resources Corp同比增速更快（347.0% vs 15.6%），微芯科技自由现金流更多（$318.9M vs $122.6M），过去两年CNX Resources Corp的营收复合增速更高（32.0% vs -5.4%）
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。
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
CNX vs MCHP — 直观对比
营收规模更大
MCHP
是对方的1.9倍
$610.5M
营收增速更快
CNX
高出331.4%
15.6%
净利率更高
CNX
高出26.9%
5.3%
自由现金流更多
MCHP
多$196.3M
$122.6M
两年增速更快
CNX
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $610.5M | $1.2B |
| 净利润 | $196.3M | $62.7M |
| 毛利率 | — | 59.6% |
| 营业利润率 | — | 12.8% |
| 净利率 | 32.1% | 5.3% |
| 营收同比 | 347.0% | 15.6% |
| 净利润同比 | 235.7% | 217.0% |
| 每股收益（稀释后） | $1.58 | $0.06 |
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CNXMCHP
| Q4 25 | $610.5M | $1.2B | ||
| Q3 25 | $583.8M | $1.1B | ||
| Q2 25 | $962.4M | $1.1B | ||
| Q1 25 | — | $970.5M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $424.2M | $1.2B | ||
| Q2 24 | $321.4M | $1.2B | ||
| Q1 24 | $384.6M | $1.3B |
净利润CNXMCHP
| Q4 25 | $196.3M | $62.7M | ||
| Q3 25 | $202.1M | $41.7M | ||
| Q2 25 | $432.5M | $-18.6M | ||
| Q1 25 | — | $-154.6M | ||
| Q4 24 | — | $-53.6M | ||
| Q3 24 | $65.5M | $78.4M | ||
| Q2 24 | $-18.3M | $129.3M | ||
| Q1 24 | $6.9M | $154.7M |
毛利率CNXMCHP
| Q4 25 | — | 59.6% | ||
| Q3 25 | — | 55.9% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 51.6% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 57.4% | ||
| Q2 24 | — | 59.4% | ||
| Q1 24 | — | 59.6% |
营业利润率CNXMCHP
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 19.1% |
净利率CNXMCHP
| Q4 25 | 32.1% | 5.3% | ||
| Q3 25 | 34.6% | 3.7% | ||
| Q2 25 | 44.9% | -1.7% | ||
| Q1 25 | — | -15.9% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | 15.4% | 6.7% | ||
| Q2 24 | -5.7% | 10.4% | ||
| Q1 24 | 1.8% | 11.7% |
每股收益（稀释后）CNXMCHP
| Q4 25 | $1.58 | $0.06 | ||
| Q3 25 | $1.21 | $0.03 | ||
| Q2 25 | $2.53 | $-0.09 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | $0.37 | $0.14 | ||
| Q2 24 | $-0.12 | $0.24 | ||
| Q1 24 | $0.04 | $0.29 |
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 | $250.7M |
| 总债务越低越好 | $2.4B | $5.4B |
| 股东权益账面价值 | $4.3B | $6.6B |
| 总资产 | $9.1B | $14.3B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资CNXMCHP
| Q4 25 | $779.0K | $250.7M | ||
| Q3 25 | $4.7M | $236.8M | ||
| Q2 25 | $3.4M | $566.5M | ||
| Q1 25 | — | $771.7M | ||
| Q4 24 | — | $586.0M | ||
| Q3 24 | $1.3M | $286.1M | ||
| Q2 24 | $3.9M | $315.1M | ||
| Q1 24 | $2.0M | $319.7M |
总债务CNXMCHP
| Q4 25 | $2.4B | $5.4B | ||
| Q3 25 | $2.6B | $5.4B | ||
| Q2 25 | $2.6B | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $2.3B | $6.4B | ||
| Q2 24 | $2.3B | $6.2B | ||
| Q1 24 | $2.3B | $6.0B |
股东权益CNXMCHP
| Q4 25 | $4.3B | $6.6B | ||
| Q3 25 | $4.1B | $6.7B | ||
| Q2 25 | $4.1B | $6.9B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | $4.3B | $6.3B | ||
| Q2 24 | $4.3B | $6.4B | ||
| Q1 24 | $4.3B | $6.7B |
总资产CNXMCHP
| Q4 25 | $9.1B | $14.3B | ||
| Q3 25 | $8.9B | $14.5B | ||
| Q2 25 | $9.0B | $15.0B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | $8.5B | $15.6B | ||
| Q2 24 | $8.6B | $15.8B | ||
| Q1 24 | $8.7B | $15.9B |
负债/权益比CNXMCHP
| Q4 25 | 0.56× | 0.82× | ||
| Q3 25 | 0.63× | 0.80× | ||
| Q2 25 | 0.64× | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | 0.54× | 1.02× | ||
| Q2 24 | 0.54× | 0.96× | ||
| Q1 24 | 0.53× | 0.90× |
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 | $341.4M |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $318.9M |
| 自由现金流率自由现金流/营收 | 20.1% | 26.9% |
| 资本支出强度资本支出/营收 | 28.6% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.51× | 5.44× |
| 过去12个月自由现金流最近4个季度 | $505.2M | $819.9M |
8季度趋势，按日历期对齐
经营现金流CNXMCHP
| Q4 25 | $297.0M | $341.4M | ||
| Q3 25 | $233.8M | $88.1M | ||
| Q2 25 | $282.5M | $275.6M | ||
| Q1 25 | — | $205.9M | ||
| Q4 24 | — | $271.5M | ||
| Q3 24 | $170.2M | $43.6M | ||
| Q2 24 | $191.8M | $377.1M | ||
| Q1 24 | $185.1M | $430.0M |
自由现金流CNXMCHP
| Q4 25 | $122.6M | $318.9M | ||
| Q3 25 | $158.2M | $51.6M | ||
| Q2 25 | $168.9M | $257.7M | ||
| Q1 25 | — | $191.7M | ||
| Q4 24 | — | $253.4M | ||
| Q3 24 | $55.4M | $22.8M | ||
| Q2 24 | $39.8M | $304.2M | ||
| Q1 24 | $16.9M | $389.9M |
自由现金流率CNXMCHP
| Q4 25 | 20.1% | 26.9% | ||
| Q3 25 | 27.1% | 4.5% | ||
| Q2 25 | 17.6% | 24.0% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | — | 24.7% | ||
| Q3 24 | 13.1% | 2.0% | ||
| Q2 24 | 12.4% | 24.5% | ||
| Q1 24 | 4.4% | 29.4% |
资本支出强度CNXMCHP
| Q4 25 | 28.6% | 1.9% | ||
| Q3 25 | 12.9% | 3.2% | ||
| Q2 25 | 11.8% | 1.7% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 27.0% | 1.8% | ||
| Q2 24 | 47.3% | 5.9% | ||
| Q1 24 | 43.7% | 3.0% |
现金转化率CNXMCHP
| Q4 25 | 1.51× | 5.44× | ||
| Q3 25 | 1.16× | 2.11× | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.60× | 0.56× | ||
| Q2 24 | — | 2.92× | ||
| Q1 24 | 27.01× | 2.78× |
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% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
