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DT Midstream, Inc.（DTM）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是DT Midstream, Inc.的1.1倍（$349.1M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs -10.8%，领先45.8%），DT Midstream, Inc.同比增速更快（27.3% vs 15.6%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $30.0M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs 13.8%）
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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
DTM vs PCOR — 直观对比
营收规模更大
PCOR
是对方的1.1倍
$317.0M
营收增速更快
DTM
高出11.7%
15.6%
净利率更高
DTM
高出45.8%
-10.8%
自由现金流更多
PCOR
多$79.2M
$30.0M
两年增速更快
DTM
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $349.1M |
| 净利润 | $111.0M | $-37.6M |
| 毛利率 | — | 80.1% |
| 营业利润率 | 49.2% | -12.3% |
| 净利率 | 35.0% | -10.8% |
| 营收同比 | 27.3% | 15.6% |
| 净利润同比 | 52.1% | 39.6% |
| 每股收益（稀释后） | $1.07 | $-0.25 |
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DTMPCOR
| Q4 25 | $317.0M | $349.1M | ||
| Q3 25 | $314.0M | $338.9M | ||
| Q2 25 | $309.0M | $323.9M | ||
| Q1 25 | $303.0M | $310.6M | ||
| Q4 24 | $249.0M | $302.0M | ||
| Q3 24 | $248.0M | $295.9M | ||
| Q2 24 | $244.0M | $284.3M | ||
| Q1 24 | $240.0M | $269.4M |
净利润DTMPCOR
| Q4 25 | $111.0M | $-37.6M | ||
| Q3 25 | $115.0M | $-9.1M | ||
| Q2 25 | $107.0M | $-21.1M | ||
| Q1 25 | $108.0M | $-33.0M | ||
| Q4 24 | $73.0M | $-62.3M | ||
| Q3 24 | $88.0M | $-26.4M | ||
| Q2 24 | $96.0M | $-6.3M | ||
| Q1 24 | $97.0M | $-11.0M |
毛利率DTMPCOR
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
营业利润率DTMPCOR
| Q4 25 | 49.2% | -12.3% | ||
| Q3 25 | 49.4% | -4.4% | ||
| Q2 25 | 50.2% | -9.3% | ||
| Q1 25 | 48.8% | -11.7% | ||
| Q4 24 | 45.4% | -21.9% | ||
| Q3 24 | 49.2% | -12.3% | ||
| Q2 24 | 53.3% | -5.2% | ||
| Q1 24 | 51.7% | -7.0% |
净利率DTMPCOR
| Q4 25 | 35.0% | -10.8% | ||
| Q3 25 | 36.6% | -2.7% | ||
| Q2 25 | 34.6% | -6.5% | ||
| Q1 25 | 35.6% | -10.6% | ||
| Q4 24 | 29.3% | -20.6% | ||
| Q3 24 | 35.5% | -8.9% | ||
| Q2 24 | 39.3% | -2.2% | ||
| Q1 24 | 40.4% | -4.1% |
每股收益（稀释后）DTMPCOR
| Q4 25 | $1.07 | $-0.25 | ||
| Q3 25 | $1.13 | $-0.06 | ||
| Q2 25 | $1.04 | $-0.14 | ||
| Q1 25 | $1.06 | $-0.22 | ||
| Q4 24 | $0.73 | $-0.42 | ||
| Q3 24 | $0.90 | $-0.18 | ||
| Q2 24 | $0.98 | $-0.04 | ||
| Q1 24 | $0.99 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $1.3B |
| 总资产 | $10.1B | $2.2B |
| 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DTMPCOR
| Q4 25 | $54.0M | $768.5M | ||
| Q3 25 | $98.0M | $684.0M | ||
| Q2 25 | $74.0M | $620.9M | ||
| Q1 25 | $83.0M | $566.7M | ||
| Q4 24 | $68.0M | $775.4M | ||
| Q3 24 | $77.0M | $756.9M | ||
| Q2 24 | $73.0M | $735.4M | ||
| Q1 24 | $41.0M | $744.6M |
总债务DTMPCOR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMPCOR
| Q4 25 | $4.7B | $1.3B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.7B | $1.2B | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $4.6B | $1.3B | ||
| Q3 24 | $4.2B | $1.3B | ||
| Q2 24 | $4.2B | $1.3B | ||
| Q1 24 | $4.2B | $1.2B |
总资产DTMPCOR
| Q4 25 | $10.1B | $2.2B | ||
| Q3 25 | $10.1B | $2.1B | ||
| Q2 25 | $10.0B | $2.0B | ||
| Q1 25 | $9.9B | $1.9B | ||
| Q4 24 | $9.9B | $2.1B | ||
| Q3 24 | $8.6B | $2.0B | ||
| Q2 24 | $9.0B | $2.0B | ||
| Q1 24 | $9.0B | $1.9B |
负债/权益比DTMPCOR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $161.0M | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $109.2M |
| 自由现金流率自由现金流/营收 | 9.5% | 31.3% |
| 资本支出强度资本支出/营收 | 41.3% | 1.6% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
经营现金流DTMPCOR
| Q4 25 | $161.0M | $114.9M | ||
| Q3 25 | $274.0M | $88.5M | ||
| Q2 25 | $185.0M | $30.8M | ||
| Q1 25 | $247.0M | $66.0M | ||
| Q4 24 | $152.0M | $29.1M | ||
| Q3 24 | $205.0M | $39.3M | ||
| Q2 24 | $165.0M | $58.7M | ||
| Q1 24 | $241.0M | $69.1M |
自由现金流DTMPCOR
| Q4 25 | $30.0M | $109.2M | ||
| Q3 25 | $131.0M | $83.1M | ||
| Q2 25 | $104.0M | $27.9M | ||
| Q1 25 | $176.0M | $62.0M | ||
| Q4 24 | $62.0M | $17.4M | ||
| Q3 24 | $124.0M | $35.7M | ||
| Q2 24 | $84.0M | $56.8M | ||
| Q1 24 | $143.0M | $67.1M |
自由现金流率DTMPCOR
| Q4 25 | 9.5% | 31.3% | ||
| Q3 25 | 41.7% | 24.5% | ||
| Q2 25 | 33.7% | 8.6% | ||
| Q1 25 | 58.1% | 20.0% | ||
| Q4 24 | 24.9% | 5.8% | ||
| Q3 24 | 50.0% | 12.1% | ||
| Q2 24 | 34.4% | 20.0% | ||
| Q1 24 | 59.6% | 24.9% |
资本支出强度DTMPCOR
| Q4 25 | 41.3% | 1.6% | ||
| Q3 25 | 45.5% | 1.6% | ||
| Q2 25 | 26.2% | 0.9% | ||
| Q1 25 | 23.4% | 1.3% | ||
| Q4 24 | 36.1% | 3.9% | ||
| Q3 24 | 32.7% | 1.2% | ||
| Q2 24 | 33.2% | 0.7% | ||
| Q1 24 | 40.8% | 0.8% |
现金转化率DTMPCOR
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
