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DT Midstream, Inc.（DTM）与PROGRESS SOFTWARE CORP（PRGS）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PROGRESS SOFTWARE CORP的1.3倍（$317.0M vs $252.7M），DT Midstream, Inc.净利率更高（35.0% vs 10.2%，领先24.8%），DT Midstream, Inc.同比增速更快（27.3% vs 17.5%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $30.0M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% vs 14.9%）
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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
DTM vs PRGS — 直观对比
营收规模更大
DTM
是对方的1.3倍
$252.7M
营收增速更快
DTM
高出9.8%
17.5%
净利率更高
DTM
高出24.8%
10.2%
自由现金流更多
PRGS
多$29.9M
$30.0M
两年增速更快
PRGS
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $252.7M |
| 净利润 | $111.0M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | 49.2% | 15.2% |
| 净利率 | 35.0% | 10.2% |
| 营收同比 | 27.3% | 17.5% |
| 净利润同比 | 52.1% | 2144.6% |
| 每股收益（稀释后） | $1.07 | $0.59 |
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DTMPRGS
| Q4 25 | $317.0M | $252.7M | ||
| Q3 25 | $314.0M | $249.8M | ||
| Q2 25 | $309.0M | $237.4M | ||
| Q1 25 | $303.0M | $238.0M | ||
| Q4 24 | $249.0M | $215.0M | ||
| Q3 24 | $248.0M | $178.7M | ||
| Q2 24 | $244.0M | $175.1M | ||
| Q1 24 | $240.0M | $184.7M |
净利润DTMPRGS
| Q4 25 | $111.0M | $25.7M | ||
| Q3 25 | $115.0M | $19.4M | ||
| Q2 25 | $107.0M | $17.0M | ||
| Q1 25 | $108.0M | $10.9M | ||
| Q4 24 | $73.0M | $1.1M | ||
| Q3 24 | $88.0M | $28.5M | ||
| Q2 24 | $96.0M | $16.2M | ||
| Q1 24 | $97.0M | $22.6M |
毛利率DTMPRGS
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 82.2% |
营业利润率DTMPRGS
| Q4 25 | 49.2% | 15.2% | ||
| Q3 25 | 49.4% | 17.6% | ||
| Q2 25 | 50.2% | 16.3% | ||
| Q1 25 | 48.8% | 13.6% | ||
| Q4 24 | 45.4% | 10.0% | ||
| Q3 24 | 49.2% | 22.6% | ||
| Q2 24 | 53.3% | 15.5% | ||
| Q1 24 | 51.7% | 19.0% |
净利率DTMPRGS
| Q4 25 | 35.0% | 10.2% | ||
| Q3 25 | 36.6% | 7.8% | ||
| Q2 25 | 34.6% | 7.2% | ||
| Q1 25 | 35.6% | 4.6% | ||
| Q4 24 | 29.3% | 0.5% | ||
| Q3 24 | 35.5% | 15.9% | ||
| Q2 24 | 39.3% | 9.2% | ||
| Q1 24 | 40.4% | 12.3% |
每股收益（稀释后）DTMPRGS
| Q4 25 | $1.07 | $0.59 | ||
| Q3 25 | $1.13 | $0.44 | ||
| Q2 25 | $1.04 | $0.39 | ||
| Q1 25 | $1.06 | $0.24 | ||
| Q4 24 | $0.73 | $0.01 | ||
| Q3 24 | $0.90 | $0.65 | ||
| Q2 24 | $0.98 | $0.37 | ||
| Q1 24 | $0.99 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $4.7B | $478.3M |
| 总资产 | $10.1B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资DTMPRGS
| Q4 25 | $54.0M | $94.8M | ||
| Q3 25 | $98.0M | $99.0M | ||
| Q2 25 | $74.0M | $102.0M | ||
| Q1 25 | $83.0M | $124.2M | ||
| Q4 24 | $68.0M | $118.1M | ||
| Q3 24 | $77.0M | $232.7M | ||
| Q2 24 | $73.0M | $190.4M | ||
| Q1 24 | $41.0M | $133.2M |
总债务DTMPRGS
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMPRGS
| Q4 25 | $4.7B | $478.3M | ||
| Q3 25 | $4.7B | $477.7M | ||
| Q2 25 | $4.7B | $452.7M | ||
| Q1 25 | $4.6B | $431.8M | ||
| Q4 24 | $4.6B | $438.8M | ||
| Q3 24 | $4.2B | $425.6M | ||
| Q2 24 | $4.2B | $401.7M | ||
| Q1 24 | $4.2B | $461.7M |
总资产DTMPRGS
| Q4 25 | $10.1B | $2.5B | ||
| Q3 25 | $10.1B | $2.4B | ||
| Q2 25 | $10.0B | $2.4B | ||
| Q1 25 | $9.9B | $2.5B | ||
| Q4 24 | $9.9B | $2.5B | ||
| Q3 24 | $8.6B | $1.6B | ||
| Q2 24 | $9.0B | $1.6B | ||
| Q1 24 | $9.0B | $1.5B |
负债/权益比DTMPRGS
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | 0.72× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $59.9M |
| 自由现金流率自由现金流/营收 | 9.5% | 23.7% |
| 资本支出强度资本支出/营收 | 41.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.45× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流DTMPRGS
| Q4 25 | $161.0M | $62.8M | ||
| Q3 25 | $274.0M | $73.4M | ||
| Q2 25 | $185.0M | $30.0M | ||
| Q1 25 | $247.0M | $68.9M | ||
| Q4 24 | $152.0M | $19.7M | ||
| Q3 24 | $205.0M | $57.7M | ||
| Q2 24 | $165.0M | $63.7M | ||
| Q1 24 | $241.0M | $70.5M |
自由现金流DTMPRGS
| Q4 25 | $30.0M | $59.9M | ||
| Q3 25 | $131.0M | $72.4M | ||
| Q2 25 | $104.0M | $29.5M | ||
| Q1 25 | $176.0M | $67.7M | ||
| Q4 24 | $62.0M | $16.8M | ||
| Q3 24 | $124.0M | $56.6M | ||
| Q2 24 | $84.0M | $62.7M | ||
| Q1 24 | $143.0M | $70.2M |
自由现金流率DTMPRGS
| Q4 25 | 9.5% | 23.7% | ||
| Q3 25 | 41.7% | 29.0% | ||
| Q2 25 | 33.7% | 12.4% | ||
| Q1 25 | 58.1% | 28.4% | ||
| Q4 24 | 24.9% | 7.8% | ||
| Q3 24 | 50.0% | 31.7% | ||
| Q2 24 | 34.4% | 35.8% | ||
| Q1 24 | 59.6% | 38.0% |
资本支出强度DTMPRGS
| Q4 25 | 41.3% | 1.1% | ||
| Q3 25 | 45.5% | 0.4% | ||
| Q2 25 | 26.2% | 0.2% | ||
| Q1 25 | 23.4% | 0.5% | ||
| Q4 24 | 36.1% | 1.3% | ||
| Q3 24 | 32.7% | 0.6% | ||
| Q2 24 | 33.2% | 0.5% | ||
| Q1 24 | 40.8% | 0.2% |
现金转化率DTMPRGS
| Q4 25 | 1.45× | 2.44× | ||
| Q3 25 | 2.38× | 3.78× | ||
| Q2 25 | 1.73× | 1.76× | ||
| Q1 25 | 2.29× | 6.30× | ||
| Q4 24 | 2.08× | 17.13× | ||
| Q3 24 | 2.33× | 2.03× | ||
| Q2 24 | 1.72× | 3.93× | ||
| Q1 24 | 2.48× | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
