vs
HF Sinclair Corp（DINO）与WORLD KINECT CORP（WKC）财务数据对比。点击上方公司名可切换其他公司
WORLD KINECT CORP的季度营收约是HF Sinclair Corp的1.5倍（$9.7B vs $6.5B），WORLD KINECT CORP净利率更高（-0.0% vs -0.4%，领先0.4%），WORLD KINECT CORP同比增速更快（2.0% vs -0.6%），WORLD KINECT CORP自由现金流更多（$-60.2M vs $-123.0M），过去两年HF Sinclair Corp的营收复合增速更高（-4.1% vs -6.0%）
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。
世界科耐特公司（原世界燃料服务公司）是一家总部位于美国佛罗里达州多拉市的能源大宗商品服务企业，在2022年财富美国500强榜单中排名第70位。公司核心业务涵盖航空、海运、建筑及陆路运输领域能源大宗商品的销售、交易与融资及相关服务，2013年起也开展天然气与电力相关业务。
DINO vs WKC — 直观对比
营收规模更大
WKC
是对方的1.5倍
$6.5B
营收增速更快
WKC
高出2.6%
-0.6%
净利率更高
WKC
高出0.4%
-0.4%
自由现金流更多
WKC
多$62.8M
$-123.0M
两年增速更快
DINO
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $9.7B |
| 净利润 | $-28.0M | $-700.0K |
| 毛利率 | — | 2.8% |
| 营业利润率 | 0.1% | — |
| 净利率 | -0.4% | -0.0% |
| 营收同比 | -0.6% | 2.0% |
| 净利润同比 | 86.9% | -250.0% |
| 每股收益（稀释后） | $-0.15 | $0.50 |
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DINOWKC
| Q1 26 | — | $9.7B | ||
| Q4 25 | $6.5B | $9.0B | ||
| Q3 25 | $7.3B | $9.4B | ||
| Q2 25 | $6.8B | $9.0B | ||
| Q1 25 | $6.4B | $9.5B | ||
| Q4 24 | $6.5B | $9.8B | ||
| Q3 24 | $7.2B | $10.5B | ||
| Q2 24 | $7.8B | $11.0B |
净利润DINOWKC
| Q1 26 | — | $-700.0K | ||
| Q4 25 | $-28.0M | $-279.6M | ||
| Q3 25 | $403.0M | $25.7M | ||
| Q2 25 | $208.0M | $-339.4M | ||
| Q1 25 | $-4.0M | $-21.1M | ||
| Q4 24 | $-213.5M | $-101.8M | ||
| Q3 24 | $-75.9M | $33.5M | ||
| Q2 24 | $151.8M | $108.3M |
毛利率DINOWKC
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
营业利润率DINOWKC
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | -3.1% | ||
| Q3 25 | 7.8% | 0.7% | ||
| Q2 25 | 4.1% | -3.8% | ||
| Q1 25 | 1.3% | -0.1% | ||
| Q4 24 | -3.5% | 0.3% | ||
| Q3 24 | -1.7% | 0.7% | ||
| Q2 24 | 2.5% | 0.4% |
净利率DINOWKC
| Q1 26 | — | -0.0% | ||
| Q4 25 | -0.4% | -3.1% | ||
| Q3 25 | 5.6% | 0.3% | ||
| Q2 25 | 3.1% | -3.8% | ||
| Q1 25 | -0.1% | -0.2% | ||
| Q4 24 | -3.3% | -1.0% | ||
| Q3 24 | -1.1% | 0.3% | ||
| Q2 24 | 1.9% | 1.0% |
每股收益（稀释后）DINOWKC
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.15 | $-5.02 | ||
| Q3 25 | $2.15 | $0.46 | ||
| Q2 25 | $1.10 | $-6.06 | ||
| Q1 25 | $-0.02 | $-0.37 | ||
| Q4 24 | $-1.05 | $-1.70 | ||
| Q3 24 | $-0.40 | $0.57 | ||
| Q2 24 | $0.79 | $1.81 |
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 | $151.1M |
| 总债务越低越好 | $2.8B | $798.7M |
| 股东权益账面价值 | $9.2B | $1.2B |
| 总资产 | $16.5B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资DINOWKC
| Q1 26 | — | $151.1M | ||
| Q4 25 | $978.0M | $193.5M | ||
| Q3 25 | $1.5B | $473.6M | ||
| Q2 25 | $874.0M | $403.2M | ||
| Q1 25 | $547.0M | $456.4M | ||
| Q4 24 | $800.0M | $382.9M | ||
| Q3 24 | $1.2B | $373.8M | ||
| Q2 24 | $866.3M | $524.6M |
总债务DINOWKC
| Q1 26 | — | $798.7M | ||
| Q4 25 | $2.8B | $685.2M | ||
| Q3 25 | $2.8B | $766.6M | ||
| Q2 25 | $2.7B | $775.2M | ||
| Q1 25 | $2.7B | $792.3M | ||
| Q4 24 | $2.6B | $796.8M | ||
| Q3 24 | — | $798.0M | ||
| Q2 24 | — | $797.8M |
股东权益DINOWKC
| Q1 26 | — | $1.2B | ||
| Q4 25 | $9.2B | $1.3B | ||
| Q3 25 | $9.4B | $1.6B | ||
| Q2 25 | $9.3B | $1.6B | ||
| Q1 25 | $9.2B | $1.9B | ||
| Q4 24 | $9.3B | $1.9B | ||
| Q3 24 | $9.6B | $2.0B | ||
| Q2 24 | $9.9B | $2.0B |
总资产DINOWKC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $16.5B | $5.9B | ||
| Q3 25 | $17.3B | $6.1B | ||
| Q2 25 | $16.8B | $6.1B | ||
| Q1 25 | $16.5B | $6.6B | ||
| Q4 24 | $16.6B | $6.7B | ||
| Q3 24 | $16.9B | $7.0B | ||
| Q2 24 | $17.4B | $7.2B |
负债/权益比DINOWKC
| Q1 26 | — | 0.66× | ||
| Q4 25 | 0.30× | 0.53× | ||
| Q3 25 | 0.29× | 0.47× | ||
| Q2 25 | 0.29× | 0.48× | ||
| Q1 25 | 0.29× | 0.41× | ||
| Q4 24 | 0.29× | 0.41× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× |
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 | $-60.2M |
| 自由现金流率自由现金流/营收 | -1.9% | -0.6% |
| 资本支出强度资本支出/营收 | 2.0% | 0.1% |
| 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 | $67.9M |
8季度趋势，按日历期对齐
经营现金流DINOWKC
| Q1 26 | — | — | ||
| Q4 25 | $8.0M | $34.2M | ||
| Q3 25 | $809.0M | $116.1M | ||
| Q2 25 | $587.0M | $28.2M | ||
| Q1 25 | $-89.0M | $114.4M | ||
| Q4 24 | $-140.4M | $120.3M | ||
| Q3 24 | $707.6M | $-38.5M | ||
| Q2 24 | $225.9M | $67.9M |
自由现金流DINOWKC
| Q1 26 | — | $-60.2M | ||
| Q4 25 | $-123.0M | $12.9M | ||
| Q3 25 | $688.0M | $102.0M | ||
| Q2 25 | $476.0M | $13.2M | ||
| Q1 25 | $-175.0M | $99.2M | ||
| Q4 24 | $-313.5M | $102.4M | ||
| Q3 24 | $584.0M | $-56.7M | ||
| Q2 24 | $141.7M | $53.3M |
自由现金流率DINOWKC
| Q1 26 | — | -0.6% | ||
| Q4 25 | -1.9% | 0.1% | ||
| Q3 25 | 9.5% | 1.1% | ||
| Q2 25 | 7.0% | 0.1% | ||
| Q1 25 | -2.7% | 1.0% | ||
| Q4 24 | -4.8% | 1.0% | ||
| Q3 24 | 8.1% | -0.5% | ||
| Q2 24 | 1.8% | 0.5% |
资本支出强度DINOWKC
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.0% | 0.2% | ||
| Q3 25 | 1.7% | 0.2% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | 2.7% | 0.2% | ||
| Q3 24 | 1.7% | 0.2% | ||
| Q2 24 | 1.1% | 0.1% |
现金转化率DINOWKC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.01× | 4.52× | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1.15× | ||
| Q2 24 | 1.49× | 0.63× |
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% |
WKC
| Aviation segment | $5.0B | 52% |
| Land segment | $2.9B | 30% |
| Marine segment | $1.9B | 20% |
