vs
COMSTOCK RESOURCES INC（CRK）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是COMSTOCK RESOURCES INC的1.5倍（$1.2B vs $787.3M），COMSTOCK RESOURCES INC净利率更高（35.7% vs 9.1%，领先26.6%），COMSTOCK RESOURCES INC同比增速更快（114.3% vs 5.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-141.2M），过去两年COMSTOCK RESOURCES INC的营收复合增速更高（53.1% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
CRK vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$787.3M
营收增速更快
CRK
高出108.9%
5.4%
净利率更高
CRK
高出26.6%
9.1%
自由现金流更多
RBA
多$327.7M
$-141.2M
两年增速更快
CRK
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $787.3M | $1.2B |
| 净利润 | $280.9M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 48.3% | 14.7% |
| 净利率 | 35.7% | 9.1% |
| 营收同比 | 114.3% | 5.4% |
| 净利润同比 | 583.3% | -7.4% |
| 每股收益（稀释后） | $0.99 | $0.53 |
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CRKRBA
| Q4 25 | $787.3M | $1.2B | ||
| Q3 25 | $449.9M | $1.1B | ||
| Q2 25 | $470.3M | $1.2B | ||
| Q1 25 | $512.9M | $1.1B | ||
| Q4 24 | $367.4M | $1.1B | ||
| Q3 24 | $304.5M | $981.8M | ||
| Q2 24 | $246.8M | $1.1B | ||
| Q1 24 | $335.8M | $1.1B |
净利润CRKRBA
| Q4 25 | $280.9M | $109.7M | ||
| Q3 25 | $111.1M | $95.5M | ||
| Q2 25 | $124.8M | $109.8M | ||
| Q1 25 | $-121.3M | $113.4M | ||
| Q4 24 | $-58.1M | $118.5M | ||
| Q3 24 | $-28.9M | $76.1M | ||
| Q2 24 | $-126.3M | $111.1M | ||
| Q1 24 | $-16.3M | $107.4M |
营业利润率CRKRBA
| Q4 25 | 48.3% | 14.7% | ||
| Q3 25 | 11.2% | 14.5% | ||
| Q2 25 | 19.0% | 15.9% | ||
| Q1 25 | 24.6% | 17.1% | ||
| Q4 24 | -0.5% | 18.1% | ||
| Q3 24 | -20.1% | 15.6% | ||
| Q2 24 | -37.5% | 18.4% | ||
| Q1 24 | -3.8% | 18.7% |
净利率CRKRBA
| Q4 25 | 35.7% | 9.1% | ||
| Q3 25 | 24.7% | 8.7% | ||
| Q2 25 | 26.5% | 9.3% | ||
| Q1 25 | -23.6% | 10.2% | ||
| Q4 24 | -15.8% | 10.4% | ||
| Q3 24 | -9.5% | 7.8% | ||
| Q2 24 | -51.2% | 10.1% | ||
| Q1 24 | -4.9% | 10.1% |
每股收益（稀释后）CRKRBA
| Q4 25 | $0.99 | $0.53 | ||
| Q3 25 | $0.40 | $0.43 | ||
| Q2 25 | $0.44 | $0.53 | ||
| Q1 25 | $-0.40 | $0.55 | ||
| Q4 24 | $-0.19 | $0.58 | ||
| Q3 24 | $-0.09 | $0.36 | ||
| Q2 24 | $-0.43 | $0.54 | ||
| Q1 24 | $-0.05 | $0.53 |
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 | $23.9M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.6B | $5.6B |
| 总资产 | $7.0B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CRKRBA
| Q4 25 | $23.9M | $531.5M | ||
| Q3 25 | $19.2M | $674.7M | ||
| Q2 25 | $25.9M | $710.2M | ||
| Q1 25 | $32.9M | $578.1M | ||
| Q4 24 | $6.8M | $533.9M | ||
| Q3 24 | $13.8M | $650.7M | ||
| Q2 24 | $19.3M | $599.5M | ||
| Q1 24 | $6.4M | $462.8M |
总债务CRKRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益CRKRBA
| Q4 25 | $2.6B | $5.6B | ||
| Q3 25 | $2.4B | $5.5B | ||
| Q2 25 | $2.2B | $5.5B | ||
| Q1 25 | $2.1B | $5.3B | ||
| Q4 24 | $2.2B | $5.2B | ||
| Q3 24 | $2.3B | $5.2B | ||
| Q2 24 | $2.3B | $5.2B | ||
| Q1 24 | $2.4B | $5.1B |
总资产CRKRBA
| Q4 25 | $7.0B | $12.1B | ||
| Q3 25 | $6.8B | $12.2B | ||
| Q2 25 | $6.7B | $12.2B | ||
| Q1 25 | $6.6B | $11.9B | ||
| Q4 24 | $6.4B | $11.8B | ||
| Q3 24 | $6.3B | $11.9B | ||
| Q2 24 | $6.3B | $12.1B | ||
| Q1 24 | $6.3B | $12.0B |
负债/权益比CRKRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $224.2M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-141.2M | $186.5M |
| 自由现金流率自由现金流/营收 | -17.9% | 15.5% |
| 资本支出强度资本支出/营收 | 46.4% | 5.7% |
| 现金转化率经营现金流/净利润 | 0.80× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-449.7M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CRKRBA
| Q4 25 | $224.2M | $255.2M | ||
| Q3 25 | $153.1M | $239.7M | ||
| Q2 25 | $347.6M | $326.5M | ||
| Q1 25 | $174.7M | $156.8M | ||
| Q4 24 | $267.1M | $184.5M | ||
| Q3 24 | $98.2M | $285.4M | ||
| Q2 24 | $83.6M | $337.3M | ||
| Q1 24 | $171.5M | $124.8M |
自由现金流CRKRBA
| Q4 25 | $-141.2M | $186.5M | ||
| Q3 25 | $-188.4M | $188.5M | ||
| Q2 25 | $3.2M | $241.7M | ||
| Q1 25 | $-123.2M | $102.5M | ||
| Q4 24 | $-12.9M | $127.9M | ||
| Q3 24 | $-131.1M | $248.5M | ||
| Q2 24 | $-153.2M | $308.6M | ||
| Q1 24 | $-179.9M | $79.6M |
自由现金流率CRKRBA
| Q4 25 | -17.9% | 15.5% | ||
| Q3 25 | -41.9% | 17.3% | ||
| Q2 25 | 0.7% | 20.4% | ||
| Q1 25 | -24.0% | 9.2% | ||
| Q4 24 | -3.5% | 11.2% | ||
| Q3 24 | -43.1% | 25.3% | ||
| Q2 24 | -62.1% | 28.2% | ||
| Q1 24 | -53.6% | 7.5% |
资本支出强度CRKRBA
| Q4 25 | 46.4% | 5.7% | ||
| Q3 25 | 75.9% | 4.7% | ||
| Q2 25 | 73.2% | 7.2% | ||
| Q1 25 | 58.1% | 4.9% | ||
| Q4 24 | 76.2% | 5.0% | ||
| Q3 24 | 75.3% | 3.8% | ||
| Q2 24 | 95.9% | 2.6% | ||
| Q1 24 | 104.7% | 4.2% |
现金转化率CRKRBA
| Q4 25 | 0.80× | 2.33× | ||
| Q3 25 | 1.38× | 2.51× | ||
| Q2 25 | 2.78× | 2.97× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 1.16× |
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
CRK
| Other | $420.7M | 53% |
| Natural Gas And Oil Sales | $366.6M | 47% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
