vs
CNX Resources Corp（CNX）与V2X, Inc.（VVX）财务数据对比。点击上方公司名可切换其他公司
V2X, Inc.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 1.9%，领先30.3%），CNX Resources Corp同比增速更快（347.0% vs 5.3%），V2X, Inc.自由现金流更多（$207.2M vs $122.6M），过去两年CNX Resources Corp的营收复合增速更高（32.0% vs 9.8%）
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。
V2X公司是总部位于美国的技术工程服务供应商，主要服务美国国防部等联邦政府客户，提供任务支持、关键基础设施运维、国家安全相关解决方案，业务覆盖国防、公共安全、运营韧性等核心领域。
CNX vs VVX — 直观对比
营收规模更大
VVX
是对方的2.0倍
$610.5M
营收增速更快
CNX
高出341.7%
5.3%
净利率更高
CNX
高出30.3%
1.9%
自由现金流更多
VVX
多$84.6M
$122.6M
两年增速更快
CNX
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.5M | $1.2B |
| 净利润 | $196.3M | $22.8M |
| 毛利率 | — | 8.6% |
| 营业利润率 | — | 4.2% |
| 净利率 | 32.1% | 1.9% |
| 营收同比 | 347.0% | 5.3% |
| 净利润同比 | 235.7% | -9.0% |
| 每股收益（稀释后） | $1.58 | $0.73 |
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CNXVVX
| Q4 25 | $610.5M | $1.2B | ||
| Q3 25 | $583.8M | $1.2B | ||
| Q2 25 | $962.4M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $424.2M | $1.1B | ||
| Q2 24 | $321.4M | $1.1B | ||
| Q1 24 | $384.6M | $1.0B |
净利润CNXVVX
| Q4 25 | $196.3M | $22.8M | ||
| Q3 25 | $202.1M | $24.6M | ||
| Q2 25 | $432.5M | $22.4M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $25.0M | ||
| Q3 24 | $65.5M | $15.1M | ||
| Q2 24 | $-18.3M | $-6.5M | ||
| Q1 24 | $6.9M | $1.1M |
毛利率CNXVVX
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 6.9% | ||
| Q1 24 | — | 7.0% |
营业利润率CNXVVX
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.0% |
净利率CNXVVX
| Q4 25 | 32.1% | 1.9% | ||
| Q3 25 | 34.6% | 2.1% | ||
| Q2 25 | 44.9% | 2.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 15.4% | 1.4% | ||
| Q2 24 | -5.7% | -0.6% | ||
| Q1 24 | 1.8% | 0.1% |
每股收益（稀释后）CNXVVX
| Q4 25 | $1.58 | $0.73 | ||
| Q3 25 | $1.21 | $0.77 | ||
| Q2 25 | $2.53 | $0.70 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | $0.37 | $0.47 | ||
| Q2 24 | $-0.12 | $-0.21 | ||
| Q1 24 | $0.04 | $0.04 |
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 | — |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.3B | $1.1B |
| 总资产 | $9.1B | $3.3B |
| 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CNXVVX
| Q4 25 | $779.0K | — | ||
| Q3 25 | $4.7M | — | ||
| Q2 25 | $3.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $3.9M | — | ||
| Q1 24 | $2.0M | — |
总债务CNXVVX
| 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CNXVVX
| Q4 25 | $4.3B | $1.1B | ||
| Q3 25 | $4.1B | $1.1B | ||
| Q2 25 | $4.1B | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $4.3B | $1.0B | ||
| Q2 24 | $4.3B | $992.0M | ||
| Q1 24 | $4.3B | $993.7M |
总资产CNXVVX
| Q4 25 | $9.1B | $3.3B | ||
| Q3 25 | $8.9B | $3.2B | ||
| Q2 25 | $9.0B | $3.1B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $8.5B | $3.1B | ||
| Q2 24 | $8.6B | $3.2B | ||
| Q1 24 | $8.7B | $3.1B |
负债/权益比CNXVVX
| 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 | $209.5M |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $207.2M |
| 自由现金流率自由现金流/营收 | 20.1% | 17.0% |
| 资本支出强度资本支出/营收 | 28.6% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.51× | 9.20× |
| 过去12个月自由现金流最近4个季度 | $505.2M | $170.1M |
8季度趋势，按日历期对齐
经营现金流CNXVVX
| Q4 25 | $297.0M | $209.5M | ||
| Q3 25 | $233.8M | $39.4M | ||
| Q2 25 | $282.5M | $28.5M | ||
| Q1 25 | — | $-95.5M | ||
| Q4 24 | — | $223.1M | ||
| Q3 24 | $170.2M | $62.7M | ||
| Q2 24 | $191.8M | $25.7M | ||
| Q1 24 | $185.1M | $-57.2M |
自由现金流CNXVVX
| Q4 25 | $122.6M | $207.2M | ||
| Q3 25 | $158.2M | $35.0M | ||
| Q2 25 | $168.9M | $26.1M | ||
| Q1 25 | — | $-98.2M | ||
| Q4 24 | — | $222.0M | ||
| Q3 24 | $55.4M | $60.5M | ||
| Q2 24 | $39.8M | $24.9M | ||
| Q1 24 | $16.9M | $-65.0M |
自由现金流率CNXVVX
| Q4 25 | 20.1% | 17.0% | ||
| Q3 25 | 27.1% | 3.0% | ||
| Q2 25 | 17.6% | 2.4% | ||
| Q1 25 | — | -9.7% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | 13.1% | 5.6% | ||
| Q2 24 | 12.4% | 2.3% | ||
| Q1 24 | 4.4% | -6.4% |
资本支出强度CNXVVX
| Q4 25 | 28.6% | 0.2% | ||
| Q3 25 | 12.9% | 0.4% | ||
| Q2 25 | 11.8% | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 27.0% | 0.2% | ||
| Q2 24 | 47.3% | 0.1% | ||
| Q1 24 | 43.7% | 0.8% |
现金转化率CNXVVX
| Q4 25 | 1.51× | 9.20× | ||
| Q3 25 | 1.16× | 1.60× | ||
| Q2 25 | 0.65× | 1.27× | ||
| Q1 25 | — | -11.78× | ||
| Q4 24 | — | 8.91× | ||
| Q3 24 | 2.60× | 4.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | 27.01× | -50.02× |
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% |
VVX
| Army | $480.4M | 39% |
| Navy | $388.9M | 32% |
| Air Force | $196.1M | 16% |
| Other Customers | $153.3M | 13% |
