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HF Sinclair Corp（DINO）与金德摩根（KMI）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是金德摩根的1.3倍（$6.5B vs $4.8B），金德摩根净利率更高（20.7% vs -0.4%，领先21.2%），金德摩根同比增速更快（13.8% vs -0.6%），过去两年金德摩根的营收复合增速更高（22.6% vs -4.1%）
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
DINO vs KMI — 直观对比
营收规模更大
DINO
是对方的1.3倍
$4.8B
营收增速更快
KMI
高出14.4%
-0.6%
净利率更高
KMI
高出21.2%
-0.4%
两年增速更快
KMI
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $4.8B |
| 净利润 | $-28.0M | $1.0B |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 29.9% |
| 净利率 | -0.4% | 20.7% |
| 营收同比 | -0.6% | 13.8% |
| 净利润同比 | 86.9% | 34.7% |
| 每股收益（稀释后） | $-0.15 | $0.44 |
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DINOKMI
| Q1 26 | — | $4.8B | ||
| Q4 25 | $6.5B | $4.0B | ||
| Q3 25 | $7.3B | $3.7B | ||
| Q2 25 | $6.8B | $3.6B | ||
| Q1 25 | $6.4B | $3.9B | ||
| Q4 24 | $6.5B | $3.6B | ||
| Q3 24 | $7.2B | $3.3B | ||
| Q2 24 | $7.8B | $3.2B |
净利润DINOKMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $-28.0M | $996.0M | ||
| Q3 25 | $403.0M | $628.0M | ||
| Q2 25 | $208.0M | $715.0M | ||
| Q1 25 | $-4.0M | $717.0M | ||
| Q4 24 | $-213.5M | $667.0M | ||
| Q3 24 | $-75.9M | $625.0M | ||
| Q2 24 | $151.8M | $575.0M |
营业利润率DINOKMI
| Q1 26 | — | 29.9% | ||
| Q4 25 | 0.1% | 34.0% | ||
| Q3 25 | 7.8% | 28.6% | ||
| Q2 25 | 4.1% | 31.9% | ||
| Q1 25 | 1.3% | 29.6% | ||
| Q4 24 | -3.5% | 31.0% | ||
| Q3 24 | -1.7% | 30.9% | ||
| Q2 24 | 2.5% | 32.3% |
净利率DINOKMI
| Q1 26 | — | 20.7% | ||
| Q4 25 | -0.4% | 24.8% | ||
| Q3 25 | 5.6% | 16.9% | ||
| Q2 25 | 3.1% | 19.8% | ||
| Q1 25 | -0.1% | 18.6% | ||
| Q4 24 | -3.3% | 18.7% | ||
| Q3 24 | -1.1% | 19.0% | ||
| Q2 24 | 1.9% | 17.9% |
每股收益（稀释后）DINOKMI
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-0.15 | $0.45 | ||
| Q3 25 | $2.15 | $0.28 | ||
| Q2 25 | $1.10 | $0.32 | ||
| Q1 25 | $-0.02 | $0.32 | ||
| Q4 24 | $-1.05 | $0.30 | ||
| Q3 24 | $-0.40 | $0.28 | ||
| Q2 24 | $0.79 | $0.26 |
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 | $978.0M | $72.0M |
| 总债务越低越好 | $2.8B | $31.9B |
| 股东权益账面价值 | $9.2B | $32.6B |
| 总资产 | $16.5B | $73.1B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资DINOKMI
| Q1 26 | — | $72.0M | ||
| Q4 25 | $978.0M | $63.0M | ||
| Q3 25 | $1.5B | $71.0M | ||
| Q2 25 | $874.0M | $82.0M | ||
| Q1 25 | $547.0M | $80.0M | ||
| Q4 24 | $800.0M | $88.0M | ||
| Q3 24 | $1.2B | $108.0M | ||
| Q2 24 | $866.3M | $98.0M |
总债务DINOKMI
| Q1 26 | — | $31.9B | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DINOKMI
| Q1 26 | — | $32.6B | ||
| Q4 25 | $9.2B | $31.2B | ||
| Q3 25 | $9.4B | $30.7B | ||
| Q2 25 | $9.3B | $30.8B | ||
| Q1 25 | $9.2B | $30.6B | ||
| Q4 24 | $9.3B | $30.5B | ||
| Q3 24 | $9.6B | $30.4B | ||
| Q2 24 | $9.9B | $30.3B |
总资产DINOKMI
| Q1 26 | — | $73.1B | ||
| Q4 25 | $16.5B | $72.7B | ||
| Q3 25 | $17.3B | $72.3B | ||
| Q2 25 | $16.8B | $72.4B | ||
| Q1 25 | $16.5B | $72.3B | ||
| Q4 24 | $16.6B | $71.4B | ||
| Q3 24 | $16.9B | $70.9B | ||
| Q2 24 | $17.4B | $70.7B |
负债/权益比DINOKMI
| Q1 26 | — | 0.98× | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $8.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | — |
| 自由现金流率自由现金流/营收 | -1.9% | — |
| 资本支出强度资本支出/营收 | 2.0% | 16.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $866.0M | — |
8季度趋势，按日历期对齐
经营现金流DINOKMI
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $1.7B | ||
| Q3 25 | $809.0M | $1.4B | ||
| Q2 25 | $587.0M | $1.6B | ||
| Q1 25 | $-89.0M | $1.2B | ||
| Q4 24 | $-140.4M | $1.5B | ||
| Q3 24 | $707.6M | $1.2B | ||
| Q2 24 | $225.9M | $1.7B |
自由现金流DINOKMI
| Q1 26 | — | — | ||
| Q4 25 | $-123.0M | $872.0M | ||
| Q3 25 | $688.0M | $621.0M | ||
| Q2 25 | $476.0M | $1.0B | ||
| Q1 25 | $-175.0M | $396.0M | ||
| Q4 24 | $-313.5M | $738.0M | ||
| Q3 24 | $584.0M | $592.0M | ||
| Q2 24 | $141.7M | $1.1B |
自由现金流率DINOKMI
| Q1 26 | — | — | ||
| Q4 25 | -1.9% | 21.7% | ||
| Q3 25 | 9.5% | 16.7% | ||
| Q2 25 | 7.0% | 27.8% | ||
| Q1 25 | -2.7% | 10.3% | ||
| Q4 24 | -4.8% | 20.7% | ||
| Q3 24 | 8.1% | 18.0% | ||
| Q2 24 | 1.8% | 34.4% |
资本支出强度DINOKMI
| Q1 26 | — | 16.7% | ||
| Q4 25 | 2.0% | 20.4% | ||
| Q3 25 | 1.7% | 21.3% | ||
| Q2 25 | 1.6% | 17.9% | ||
| Q1 25 | 1.4% | 19.8% | ||
| Q4 24 | 2.7% | 21.6% | ||
| Q3 24 | 1.7% | 20.0% | ||
| Q2 24 | 1.1% | 18.1% |
现金转化率DINOKMI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.70× | ||
| Q3 25 | 2.01× | 2.25× | ||
| Q2 25 | 2.82× | 2.31× | ||
| Q1 25 | — | 1.62× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | 1.49× | 2.93× |
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
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
KMI
暂无分部数据
