vs
DT Midstream, Inc.（DTM）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
DT Midstream, Inc.的季度营收约是化石集团的1.2倍（$317.0M vs $270.2M），DT Midstream, Inc.净利率更高（35.0% vs -14.8%，领先49.8%），DT Midstream, Inc.同比增速更快（27.3% vs -21.1%），DT Midstream, Inc.自由现金流更多（$30.0M vs $-22.5M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
DTM vs FOSL — 直观对比
营收规模更大
DTM
是对方的1.2倍
$270.2M
营收增速更快
DTM
高出48.4%
-21.1%
净利率更高
DTM
高出49.8%
-14.8%
自由现金流更多
DTM
多$52.5M
$-22.5M
两年增速更快
DTM
近两年复合增速
-11.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $270.2M |
| 净利润 | $111.0M | $-40.0M |
| 毛利率 | — | 49.0% |
| 营业利润率 | 49.2% | -8.0% |
| 净利率 | 35.0% | -14.8% |
| 营收同比 | 27.3% | -21.1% |
| 净利润同比 | 52.1% | -257.8% |
| 每股收益（稀释后） | $1.07 | $-0.76 |
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DTMFOSL
| Q4 25 | $317.0M | $270.2M | ||
| Q3 25 | $314.0M | $220.4M | ||
| Q2 25 | $309.0M | $233.3M | ||
| Q1 25 | $303.0M | — | ||
| Q4 24 | $249.0M | $342.3M | ||
| Q3 24 | $248.0M | $287.8M | ||
| Q2 24 | $244.0M | $260.0M | ||
| Q1 24 | $240.0M | $254.9M |
净利润DTMFOSL
| Q4 25 | $111.0M | $-40.0M | ||
| Q3 25 | $115.0M | $-2.1M | ||
| Q2 25 | $107.0M | $-17.9M | ||
| Q1 25 | $108.0M | — | ||
| Q4 24 | $73.0M | $-11.2M | ||
| Q3 24 | $88.0M | $-31.9M | ||
| Q2 24 | $96.0M | $-38.8M | ||
| Q1 24 | $97.0M | $-24.3M |
毛利率DTMFOSL
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 52.6% | ||
| Q1 24 | — | 52.4% |
营业利润率DTMFOSL
| Q4 25 | 49.2% | -8.0% | ||
| Q3 25 | 49.4% | 3.9% | ||
| Q2 25 | 50.2% | -2.9% | ||
| Q1 25 | 48.8% | — | ||
| Q4 24 | 45.4% | -4.8% | ||
| Q3 24 | 49.2% | -8.5% | ||
| Q2 24 | 53.3% | -13.1% | ||
| Q1 24 | 51.7% | -11.5% |
净利率DTMFOSL
| Q4 25 | 35.0% | -14.8% | ||
| Q3 25 | 36.6% | -1.0% | ||
| Q2 25 | 34.6% | -7.7% | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | 29.3% | -3.3% | ||
| Q3 24 | 35.5% | -11.1% | ||
| Q2 24 | 39.3% | -14.9% | ||
| Q1 24 | 40.4% | -9.5% |
每股收益（稀释后）DTMFOSL
| Q4 25 | $1.07 | $-0.76 | ||
| Q3 25 | $1.13 | $-0.04 | ||
| Q2 25 | $1.04 | $-0.33 | ||
| Q1 25 | $1.06 | — | ||
| Q4 24 | $0.73 | $-0.15 | ||
| Q3 24 | $0.90 | $-0.60 | ||
| Q2 24 | $0.98 | $-0.73 | ||
| Q1 24 | $0.99 | $-0.46 |
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 | $79.2M |
| 总债务越低越好 | — | $169.1M |
| 股东权益账面价值 | $4.7B | $112.6M |
| 总资产 | $10.1B | $701.0M |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资DTMFOSL
| Q4 25 | $54.0M | $79.2M | ||
| Q3 25 | $98.0M | $109.9M | ||
| Q2 25 | $74.0M | $78.3M | ||
| Q1 25 | $83.0M | — | ||
| Q4 24 | $68.0M | $123.6M | ||
| Q3 24 | $77.0M | $106.3M | ||
| Q2 24 | $73.0M | $104.9M | ||
| Q1 24 | $41.0M | $112.9M |
总债务DTMFOSL
| Q4 25 | — | $169.1M | ||
| Q3 25 | — | $165.6M | ||
| Q2 25 | — | $167.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | $162.7M | ||
| Q3 24 | — | $173.4M | ||
| Q2 24 | — | $156.5M | ||
| Q1 24 | — | $202.9M |
股东权益DTMFOSL
| Q4 25 | $4.7B | $112.6M | ||
| Q3 25 | $4.7B | $150.3M | ||
| Q2 25 | $4.7B | $140.6M | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.6B | $148.7M | ||
| Q3 24 | $4.2B | $164.4M | ||
| Q2 24 | $4.2B | $189.6M | ||
| Q1 24 | $4.2B | $229.1M |
总资产DTMFOSL
| Q4 25 | $10.1B | $701.0M | ||
| Q3 25 | $10.1B | $704.5M | ||
| Q2 25 | $10.0B | $686.0M | ||
| Q1 25 | $9.9B | — | ||
| Q4 24 | $9.9B | $763.6M | ||
| Q3 24 | $8.6B | $812.4M | ||
| Q2 24 | $9.0B | $785.7M | ||
| Q1 24 | $9.0B | $891.0M |
负债/权益比DTMFOSL
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | 1.09× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $-22.5M |
| 自由现金流率自由现金流/营收 | 9.5% | -8.3% |
| 资本支出强度资本支出/营收 | 41.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.45× | — |
| 过去12个月自由现金流最近4个季度 | $441.0M | $-46.0M |
8季度趋势，按日历期对齐
经营现金流DTMFOSL
| Q4 25 | $161.0M | $-22.2M | ||
| Q3 25 | $274.0M | $9.4M | ||
| Q2 25 | $185.0M | $-60.4M | ||
| Q1 25 | $247.0M | — | ||
| Q4 24 | $152.0M | $30.5M | ||
| Q3 24 | $205.0M | $-22.8M | ||
| Q2 24 | $165.0M | $38.4M | ||
| Q1 24 | $241.0M | $622.0K |
自由现金流DTMFOSL
| Q4 25 | $30.0M | $-22.5M | ||
| Q3 25 | $131.0M | $8.6M | ||
| Q2 25 | $104.0M | $-60.6M | ||
| Q1 25 | $176.0M | — | ||
| Q4 24 | $62.0M | $28.5M | ||
| Q3 24 | $124.0M | $-24.1M | ||
| Q2 24 | $84.0M | $36.6M | ||
| Q1 24 | $143.0M | $-1.1M |
自由现金流率DTMFOSL
| Q4 25 | 9.5% | -8.3% | ||
| Q3 25 | 41.7% | 3.9% | ||
| Q2 25 | 33.7% | -26.0% | ||
| Q1 25 | 58.1% | — | ||
| Q4 24 | 24.9% | 8.3% | ||
| Q3 24 | 50.0% | -8.4% | ||
| Q2 24 | 34.4% | 14.1% | ||
| Q1 24 | 59.6% | -0.4% |
资本支出强度DTMFOSL
| Q4 25 | 41.3% | 0.1% | ||
| Q3 25 | 45.5% | 0.4% | ||
| Q2 25 | 26.2% | 0.1% | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 36.1% | 0.6% | ||
| Q3 24 | 32.7% | 0.4% | ||
| Q2 24 | 33.2% | 0.7% | ||
| Q1 24 | 40.8% | 0.7% |
现金转化率DTMFOSL
| Q4 25 | 1.45× | — | ||
| Q3 25 | 2.38× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 2.48× | — |
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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
