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查尔斯河实验室（CRL）与NATIONAL FUEL GAS CO（NFG）财务数据对比。点击上方公司名可切换其他公司
查尔斯河实验室的季度营收约是NATIONAL FUEL GAS CO的1.6倍（$994.2M vs $637.9M），NATIONAL FUEL GAS CO净利率更高（28.5% vs -27.8%，领先56.3%），NATIONAL FUEL GAS CO同比增速更快（24.1% vs -0.8%），查尔斯河实验室自由现金流更多（$58.6M vs $-2.7M），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（6.9% vs -0.9%）
查尔斯河实验室国际是总部位于美国马萨诸塞州威尔明顿的医药及生物技术领域合同研究组织（CRO），成立于1947年，可为新药、疫苗及医疗器械的研发提供临床前和临床阶段的专业实验室服务。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
CRL vs NFG — 直观对比
营收规模更大
CRL
是对方的1.6倍
$637.9M
营收增速更快
NFG
高出25.0%
-0.8%
净利率更高
NFG
高出56.3%
-27.8%
自由现金流更多
CRL
多$61.3M
$-2.7M
两年增速更快
NFG
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $994.2M | $637.9M |
| 净利润 | $-276.6M | $181.6M |
| 毛利率 | — | 86.6% |
| 营业利润率 | -28.5% | 43.3% |
| 净利率 | -27.8% | 28.5% |
| 营收同比 | -0.8% | 24.1% |
| 净利润同比 | -28.9% | 303.8% |
| 每股收益（稀释后） | $-5.57 | $1.98 |
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CRLNFG
| Q4 25 | $994.2M | $637.9M | ||
| Q3 25 | $1.0B | $443.1M | ||
| Q2 25 | $1.0B | $527.4M | ||
| Q1 25 | $984.2M | $734.8M | ||
| Q4 24 | $1.0B | $513.8M | ||
| Q3 24 | $1.0B | $310.0M | ||
| Q2 24 | $1.0B | $338.6M | ||
| Q1 24 | $1.0B | $558.7M |
净利润CRLNFG
| Q4 25 | $-276.6M | $181.6M | ||
| Q3 25 | $54.4M | $107.3M | ||
| Q2 25 | $52.3M | $149.8M | ||
| Q1 25 | $25.5M | $216.4M | ||
| Q4 24 | $-214.5M | $45.0M | ||
| Q3 24 | $69.7M | $-167.6M | ||
| Q2 24 | $94.1M | $-54.2M | ||
| Q1 24 | $73.0M | $166.3M |
毛利率CRLNFG
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | 34.6% | — | ||
| Q2 24 | 34.5% | 98.5% | ||
| Q1 24 | 34.1% | 81.0% |
营业利润率CRLNFG
| Q4 25 | -28.5% | 43.3% | ||
| Q3 25 | 13.3% | 40.6% | ||
| Q2 25 | 9.7% | 43.7% | ||
| Q1 25 | 7.6% | 43.2% | ||
| Q4 24 | -16.7% | 16.8% | ||
| Q3 24 | 11.6% | -63.4% | ||
| Q2 24 | 14.8% | -15.2% | ||
| Q1 24 | 12.5% | 44.9% |
净利率CRLNFG
| Q4 25 | -27.8% | 28.5% | ||
| Q3 25 | 5.4% | 24.2% | ||
| Q2 25 | 5.1% | 28.4% | ||
| Q1 25 | 2.6% | 29.4% | ||
| Q4 24 | -21.4% | 8.8% | ||
| Q3 24 | 6.9% | -54.1% | ||
| Q2 24 | 9.2% | -16.0% | ||
| Q1 24 | 7.2% | 29.8% |
每股收益（稀释后）CRLNFG
| Q4 25 | $-5.57 | $1.98 | ||
| Q3 25 | $1.10 | $1.18 | ||
| Q2 25 | $1.06 | $1.64 | ||
| Q1 25 | $0.50 | $2.37 | ||
| Q4 24 | $-4.17 | $0.49 | ||
| Q3 24 | $1.33 | $-1.81 | ||
| Q2 24 | $1.74 | $-0.59 | ||
| Q1 24 | $1.30 | $1.80 |
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 | $213.8M | $271.4M |
| 总债务越低越好 | $2.1B | $2.7B |
| 股东权益账面价值 | $3.2B | $3.6B |
| 总资产 | $7.1B | $9.2B |
| 负债/权益比越低杠杆越低 | 0.68× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资CRLNFG
| Q4 25 | $213.8M | $271.4M | ||
| Q3 25 | $207.1M | $43.2M | ||
| Q2 25 | $182.8M | $39.3M | ||
| Q1 25 | $229.4M | $40.0M | ||
| Q4 24 | $194.6M | $48.7M | ||
| Q3 24 | $210.2M | $38.2M | ||
| Q2 24 | $179.2M | $81.4M | ||
| Q1 24 | $327.0M | $50.8M |
总债务CRLNFG
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.3B | $2.7B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $2.2B | $2.7B | ||
| Q3 24 | $2.3B | $2.7B | ||
| Q2 24 | $2.4B | $2.7B | ||
| Q1 24 | $2.7B | $2.4B |
股东权益CRLNFG
| Q4 25 | $3.2B | $3.6B | ||
| Q3 25 | $3.4B | $3.1B | ||
| Q2 25 | $3.4B | $3.0B | ||
| Q1 25 | $3.2B | $2.8B | ||
| Q4 24 | $3.5B | $-76.2M | ||
| Q3 24 | $3.8B | $-15.5M | ||
| Q2 24 | $3.7B | $5.0M | ||
| Q1 24 | $3.6B | $75.3M |
总资产CRLNFG
| Q4 25 | $7.1B | $9.2B | ||
| Q3 25 | $7.5B | $8.7B | ||
| Q2 25 | $7.6B | $8.4B | ||
| Q1 25 | $7.6B | $8.5B | ||
| Q4 24 | $7.5B | $8.3B | ||
| Q3 24 | $8.0B | $8.3B | ||
| Q2 24 | $7.9B | $8.5B | ||
| Q1 24 | $8.2B | $8.7B |
负债/权益比CRLNFG
| Q4 25 | 0.68× | 0.75× | ||
| Q3 25 | 0.64× | 0.87× | ||
| Q2 25 | 0.70× | 0.90× | ||
| Q1 25 | 0.79× | 0.99× | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.65× | 532.10× | ||
| Q1 24 | 0.73× | 31.68× |
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 | $147.5M | $274.9M |
| 自由现金流经营现金流 - 资本支出 | $58.6M | $-2.7M |
| 自由现金流率自由现金流/营收 | 5.9% | -0.4% |
| 资本支出强度资本支出/营收 | 8.9% | 43.5% |
| 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 | $518.5M | $204.8M |
8季度趋势，按日历期对齐
经营现金流CRLNFG
| Q4 25 | $147.5M | $274.9M | ||
| Q3 25 | $213.8M | $237.8M | ||
| Q2 25 | $204.6M | $388.4M | ||
| Q1 25 | $171.7M | $253.8M | ||
| Q4 24 | $159.4M | $220.1M | ||
| Q3 24 | $251.8M | $197.9M | ||
| Q2 24 | $193.5M | $281.8M | ||
| Q1 24 | $129.9M | $315.3M |
自由现金流CRLNFG
| Q4 25 | $58.6M | $-2.7M | ||
| Q3 25 | $178.2M | $-47.8M | ||
| Q2 25 | $169.3M | $195.3M | ||
| Q1 25 | $112.4M | $59.9M | ||
| Q4 24 | $83.7M | $-20.3M | ||
| Q3 24 | $213.1M | $-49.1M | ||
| Q2 24 | $154.0M | $79.5M | ||
| Q1 24 | $50.7M | $80.3M |
自由现金流率CRLNFG
| Q4 25 | 5.9% | -0.4% | ||
| Q3 25 | 17.7% | -10.8% | ||
| Q2 25 | 16.4% | 37.0% | ||
| Q1 25 | 11.4% | 8.2% | ||
| Q4 24 | 8.4% | -4.0% | ||
| Q3 24 | 21.1% | -15.8% | ||
| Q2 24 | 15.0% | 23.5% | ||
| Q1 24 | 5.0% | 14.4% |
资本支出强度CRLNFG
| Q4 25 | 8.9% | 43.5% | ||
| Q3 25 | 3.5% | 64.4% | ||
| Q2 25 | 3.4% | 36.6% | ||
| Q1 25 | 6.0% | 26.4% | ||
| Q4 24 | 7.5% | 46.8% | ||
| Q3 24 | 3.8% | 79.7% | ||
| Q2 24 | 3.8% | 59.7% | ||
| Q1 24 | 7.8% | 42.1% |
现金转化率CRLNFG
| Q4 25 | — | 1.51× | ||
| Q3 25 | 3.93× | 2.21× | ||
| Q2 25 | 3.91× | 2.59× | ||
| Q1 25 | 6.74× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 3.61× | — | ||
| Q2 24 | 2.06× | — | ||
| Q1 24 | 1.78× | 1.90× |
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
CRL
| Discovery And Safety Assessment Segment | $591.6M | 60% |
| Manufacturing Support Segment | $196.4M | 20% |
| Transferred At Point In Time | $108.0M | 11% |
| Transferred Over Time | $98.3M | 10% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
