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DT Midstream, Inc.（DTM）与EAGLE MATERIALS INC（EXP）财务数据对比。点击上方公司名可切换其他公司
EAGLE MATERIALS INC的季度营收约是DT Midstream, Inc.的1.8倍（$556.0M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs 18.5%，领先16.5%），DT Midstream, Inc.同比增速更快（27.3% vs -0.4%），EAGLE MATERIALS INC自由现金流更多（$60.8M vs $30.0M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs 8.0%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
DTM vs EXP — 直观对比
营收规模更大
EXP
是对方的1.8倍
$317.0M
营收增速更快
DTM
高出27.7%
-0.4%
净利率更高
DTM
高出16.5%
18.5%
自由现金流更多
EXP
多$30.8M
$30.0M
两年增速更快
DTM
近两年复合增速
8.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $556.0M |
| 净利润 | $111.0M | $102.9M |
| 毛利率 | — | 28.9% |
| 营业利润率 | 49.2% | — |
| 净利率 | 35.0% | 18.5% |
| 营收同比 | 27.3% | -0.4% |
| 净利润同比 | 52.1% | -13.9% |
| 每股收益（稀释后） | $1.07 | $3.22 |
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DTMEXP
| Q4 25 | $317.0M | $556.0M | ||
| Q3 25 | $314.0M | $638.9M | ||
| Q2 25 | $309.0M | $634.7M | ||
| Q1 25 | $303.0M | $470.2M | ||
| Q4 24 | $249.0M | $558.0M | ||
| Q3 24 | $248.0M | $623.6M | ||
| Q2 24 | $244.0M | $608.7M | ||
| Q1 24 | $240.0M | $476.7M |
净利润DTMEXP
| Q4 25 | $111.0M | $102.9M | ||
| Q3 25 | $115.0M | $137.4M | ||
| Q2 25 | $107.0M | $123.4M | ||
| Q1 25 | $108.0M | $66.5M | ||
| Q4 24 | $73.0M | $119.6M | ||
| Q3 24 | $88.0M | $143.5M | ||
| Q2 24 | $96.0M | $133.8M | ||
| Q1 24 | $97.0M | $77.1M |
毛利率DTMEXP
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 31.9% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 25.1% |
营业利润率DTMEXP
| Q4 25 | 49.2% | — | ||
| Q3 25 | 49.4% | — | ||
| Q2 25 | 50.2% | — | ||
| Q1 25 | 48.8% | — | ||
| Q4 24 | 45.4% | 32.8% | ||
| Q3 24 | 49.2% | 34.2% | ||
| Q2 24 | 53.3% | 32.0% | ||
| Q1 24 | 51.7% | 26.9% |
净利率DTMEXP
| Q4 25 | 35.0% | 18.5% | ||
| Q3 25 | 36.6% | 21.5% | ||
| Q2 25 | 34.6% | 19.4% | ||
| Q1 25 | 35.6% | 14.1% | ||
| Q4 24 | 29.3% | 21.4% | ||
| Q3 24 | 35.5% | 23.0% | ||
| Q2 24 | 39.3% | 22.0% | ||
| Q1 24 | 40.4% | 16.2% |
每股收益（稀释后）DTMEXP
| Q4 25 | $1.07 | $3.22 | ||
| Q3 25 | $1.13 | $4.23 | ||
| Q2 25 | $1.04 | $3.76 | ||
| Q1 25 | $1.06 | $2.01 | ||
| Q4 24 | $0.73 | $3.56 | ||
| Q3 24 | $0.90 | $4.26 | ||
| Q2 24 | $0.98 | $3.94 | ||
| Q1 24 | $0.99 | $2.23 |
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 | $54.0M | $419.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $1.5B |
| 总资产 | $10.1B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DTMEXP
| Q4 25 | $54.0M | $419.0M | ||
| Q3 25 | $98.0M | $35.0M | ||
| Q2 25 | $74.0M | $59.7M | ||
| Q1 25 | $83.0M | $20.4M | ||
| Q4 24 | $68.0M | $31.2M | ||
| Q3 24 | $77.0M | $93.9M | ||
| Q2 24 | $73.0M | $46.5M | ||
| Q1 24 | $41.0M | $34.9M |
总债务DTMEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.1B |
股东权益DTMEXP
| Q4 25 | $4.7B | $1.5B | ||
| Q3 25 | $4.7B | $1.5B | ||
| Q2 25 | $4.7B | $1.5B | ||
| Q1 25 | $4.6B | $1.5B | ||
| Q4 24 | $4.6B | $1.5B | ||
| Q3 24 | $4.2B | $1.4B | ||
| Q2 24 | $4.2B | $1.4B | ||
| Q1 24 | $4.2B | $1.3B |
总资产DTMEXP
| Q4 25 | $10.1B | $3.8B | ||
| Q3 25 | $10.1B | $3.4B | ||
| Q2 25 | $10.0B | $3.4B | ||
| Q1 25 | $9.9B | $3.3B | ||
| Q4 24 | $9.9B | $3.0B | ||
| Q3 24 | $8.6B | $3.1B | ||
| Q2 24 | $9.0B | $3.0B | ||
| Q1 24 | $9.0B | $2.9B |
负债/权益比DTMEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.84× |
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 | $161.0M | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $60.8M |
| 自由现金流率自由现金流/营收 | 9.5% | 10.9% |
| 资本支出强度资本支出/营收 | 41.3% | 19.8% |
| 现金转化率经营现金流/净利润 | 1.45× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $231.8M |
8季度趋势，按日历期对齐
经营现金流DTMEXP
| Q4 25 | $161.0M | $170.8M | ||
| Q3 25 | $274.0M | $204.6M | ||
| Q2 25 | $185.0M | $136.6M | ||
| Q1 25 | $247.0M | $62.8M | ||
| Q4 24 | $152.0M | $119.9M | ||
| Q3 24 | $205.0M | $233.3M | ||
| Q2 24 | $165.0M | $132.6M | ||
| Q1 24 | $241.0M | $63.4M |
自由现金流DTMEXP
| Q4 25 | $30.0M | $60.8M | ||
| Q3 25 | $131.0M | $96.1M | ||
| Q2 25 | $104.0M | $60.5M | ||
| Q1 25 | $176.0M | $14.5M | ||
| Q4 24 | $62.0M | $72.5M | ||
| Q3 24 | $124.0M | $166.8M | ||
| Q2 24 | $84.0M | $99.5M | ||
| Q1 24 | $143.0M | $30.9M |
自由现金流率DTMEXP
| Q4 25 | 9.5% | 10.9% | ||
| Q3 25 | 41.7% | 15.0% | ||
| Q2 25 | 33.7% | 9.5% | ||
| Q1 25 | 58.1% | 3.1% | ||
| Q4 24 | 24.9% | 13.0% | ||
| Q3 24 | 50.0% | 26.7% | ||
| Q2 24 | 34.4% | 16.3% | ||
| Q1 24 | 59.6% | 6.5% |
资本支出强度DTMEXP
| Q4 25 | 41.3% | 19.8% | ||
| Q3 25 | 45.5% | 17.0% | ||
| Q2 25 | 26.2% | 12.0% | ||
| Q1 25 | 23.4% | 10.3% | ||
| Q4 24 | 36.1% | 8.5% | ||
| Q3 24 | 32.7% | 10.7% | ||
| Q2 24 | 33.2% | 5.4% | ||
| Q1 24 | 40.8% | 6.8% |
现金转化率DTMEXP
| Q4 25 | 1.45× | 1.66× | ||
| Q3 25 | 2.38× | 1.49× | ||
| Q2 25 | 1.73× | 1.11× | ||
| Q1 25 | 2.29× | 0.94× | ||
| Q4 24 | 2.08× | 1.00× | ||
| Q3 24 | 2.33× | 1.63× | ||
| Q2 24 | 1.72× | 0.99× | ||
| Q1 24 | 2.48× | 0.82× |
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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
