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CNX Resources Corp（CNX）与Surgery Partners, Inc.（SGRY）财务数据对比。点击上方公司名可切换其他公司
Surgery Partners, Inc.的季度营收约是CNX Resources Corp的1.4倍（$885.0M vs $610.5M），CNX Resources Corp净利率更高（32.1% vs -1.7%，领先33.8%），CNX Resources Corp同比增速更快（347.0% vs 2.4%），CNX Resources Corp自由现金流更多（$122.6M vs $90.6M），过去两年CNX Resources Corp的营收复合增速更高（32.0% vs 11.1%）
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。
Surgery Partners, Inc.（NASDAQ代码：SGRY）旗下的United Surgical Partners International（USPI）是美国领先的日间手术护理服务商，总部位于得克萨斯州达拉斯，由唐·斯廷于1998年创立，专注于为患者提供便捷、高效的门诊外科医疗服务，运营多家合规手术中心，覆盖美国多地医疗需求场景。
CNX vs SGRY — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.5M | $885.0M |
| 净利润 | $196.3M | $-15.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 12.5% |
| 净利率 | 32.1% | -1.7% |
| 营收同比 | 347.0% | 2.4% |
| 净利润同比 | 235.7% | 86.2% |
| 每股收益（稀释后） | $1.58 | $-0.11 |
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
| Q4 25 | $610.5M | $885.0M | ||
| Q3 25 | $583.8M | $821.5M | ||
| Q2 25 | $962.4M | $826.2M | ||
| Q1 25 | — | $776.0M | ||
| Q4 24 | — | $864.4M | ||
| Q3 24 | $424.2M | $770.4M | ||
| Q2 24 | $321.4M | $762.1M | ||
| Q1 24 | $384.6M | $717.4M |
| Q4 25 | $196.3M | $-15.0M | ||
| Q3 25 | $202.1M | $-22.7M | ||
| Q2 25 | $432.5M | $-2.5M | ||
| Q1 25 | — | $-37.7M | ||
| Q4 24 | — | $-108.5M | ||
| Q3 24 | $65.5M | $-31.7M | ||
| Q2 24 | $-18.3M | $-15.5M | ||
| Q1 24 | $6.9M | $-12.4M |
| Q4 25 | — | 12.5% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 10.6% |
| Q4 25 | 32.1% | -1.7% | ||
| Q3 25 | 34.6% | -2.8% | ||
| Q2 25 | 44.9% | -0.3% | ||
| Q1 25 | — | -4.9% | ||
| Q4 24 | — | -12.6% | ||
| Q3 24 | 15.4% | -4.1% | ||
| Q2 24 | -5.7% | -2.0% | ||
| Q1 24 | 1.8% | -1.7% |
| Q4 25 | $1.58 | $-0.11 | ||
| Q3 25 | $1.21 | $-0.18 | ||
| Q2 25 | $2.53 | $-0.02 | ||
| Q1 25 | — | $-0.30 | ||
| Q4 24 | — | $-0.86 | ||
| Q3 24 | $0.37 | $-0.25 | ||
| Q2 24 | $-0.12 | $-0.12 | ||
| Q1 24 | $0.04 | $-0.10 |
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 | $239.9M |
| 总债务越低越好 | $2.4B | $3.6B |
| 股东权益账面价值 | $4.3B | $1.7B |
| 总资产 | $9.1B | $8.1B |
| 负债/权益比越低杠杆越低 | 0.56× | 2.10× |
8季度趋势，按日历期对齐
| Q4 25 | $779.0K | $239.9M | ||
| Q3 25 | $4.7M | $203.4M | ||
| Q2 25 | $3.4M | $250.1M | ||
| Q1 25 | — | $229.3M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | $1.3M | $221.8M | ||
| Q2 24 | $3.9M | $213.5M | ||
| Q1 24 | $2.0M | $185.2M |
| Q4 25 | $2.4B | $3.6B | ||
| Q3 25 | $2.6B | $3.5B | ||
| Q2 25 | $2.6B | $3.5B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.3B | $3.0B | ||
| Q1 24 | $2.3B | $2.8B |
| Q4 25 | $4.3B | $1.7B | ||
| Q3 25 | $4.1B | $1.7B | ||
| Q2 25 | $4.1B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $4.3B | $1.9B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $4.3B | $2.0B |
| Q4 25 | $9.1B | $8.1B | ||
| Q3 25 | $8.9B | $7.9B | ||
| Q2 25 | $9.0B | $8.0B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $7.9B | ||
| Q3 24 | $8.5B | $7.5B | ||
| Q2 24 | $8.6B | $7.5B | ||
| Q1 24 | $8.7B | $7.0B |
| Q4 25 | 0.56× | 2.10× | ||
| Q3 25 | 0.63× | 2.00× | ||
| Q2 25 | 0.64× | 1.98× | ||
| Q1 25 | — | 1.98× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | 0.54× | 1.63× | ||
| Q2 24 | 0.54× | 1.56× | ||
| Q1 24 | 0.53× | 1.42× |
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 | $103.4M |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $90.6M |
| 自由现金流率自由现金流/营收 | 20.1% | 10.2% |
| 资本支出强度资本支出/营收 | 28.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.51× | — |
| 过去12个月自由现金流最近4个季度 | $505.2M | $195.6M |
8季度趋势，按日历期对齐
| Q4 25 | $297.0M | $103.4M | ||
| Q3 25 | $233.8M | $83.6M | ||
| Q2 25 | $282.5M | $81.3M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $111.4M | ||
| Q3 24 | $170.2M | $65.2M | ||
| Q2 24 | $191.8M | $82.8M | ||
| Q1 24 | $185.1M | $40.7M |
| Q4 25 | $122.6M | $90.6M | ||
| Q3 25 | $158.2M | $63.8M | ||
| Q2 25 | $168.9M | $57.9M | ||
| Q1 25 | — | $-16.7M | ||
| Q4 24 | — | $89.1M | ||
| Q3 24 | $55.4M | $45.0M | ||
| Q2 24 | $39.8M | $55.9M | ||
| Q1 24 | $16.9M | $19.7M |
| Q4 25 | 20.1% | 10.2% | ||
| Q3 25 | 27.1% | 7.8% | ||
| Q2 25 | 17.6% | 7.0% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 13.1% | 5.8% | ||
| Q2 24 | 12.4% | 7.3% | ||
| Q1 24 | 4.4% | 2.7% |
| Q4 25 | 28.6% | 1.4% | ||
| Q3 25 | 12.9% | 2.4% | ||
| Q2 25 | 11.8% | 2.8% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 27.0% | 2.6% | ||
| Q2 24 | 47.3% | 3.5% | ||
| Q1 24 | 43.7% | 2.9% |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.16× | — | ||
| Q2 25 | 0.65× | — | ||
| 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% |
SGRY
| Private Insurance | $460.5M | 52% |
| Government Revenue | $368.6M | 42% |
| Other | $19.8M | 2% |
| Self Pay Revenue | $19.6M | 2% |
| Other Patient Service Revenue Sources | $16.5M | 2% |
