vs
DT Midstream, Inc.（DTM）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.7倍（$317.0M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 35.0%，领先12.9%），DT Midstream, Inc.同比增速更快（27.3% vs -21.9%），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs -15.4%）
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。
DTM vs RILY — 直观对比
营收规模更大
DTM
是对方的1.7倍
$188.3M
营收增速更快
DTM
高出49.2%
-21.9%
净利率更高
RILY
高出12.9%
35.0%
两年增速更快
DTM
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $188.3M |
| 净利润 | $111.0M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 49.2% | 32.3% |
| 净利率 | 35.0% | 47.9% |
| 营收同比 | 27.3% | -21.9% |
| 净利润同比 | 52.1% | 1710.8% |
| 每股收益（稀释后） | $1.07 | $2.78 |
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DTMRILY
| Q4 25 | $317.0M | $188.3M | ||
| Q3 25 | $314.0M | $215.3M | ||
| Q2 25 | $309.0M | $188.2M | ||
| Q1 25 | $303.0M | $197.2M | ||
| Q4 24 | $249.0M | $241.0M | ||
| Q3 24 | $248.0M | $225.5M | ||
| Q2 24 | $244.0M | $256.0M | ||
| Q1 24 | $240.0M | $263.4M |
净利润DTMRILY
| Q4 25 | $111.0M | $90.3M | ||
| Q3 25 | $115.0M | $91.1M | ||
| Q2 25 | $107.0M | $139.5M | ||
| Q1 25 | $108.0M | $-10.0M | ||
| Q4 24 | $73.0M | $-5.6M | ||
| Q3 24 | $88.0M | $-284.4M | ||
| Q2 24 | $96.0M | $-433.6M | ||
| Q1 24 | $97.0M | $-49.2M |
毛利率DTMRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率DTMRILY
| Q4 25 | 49.2% | 32.3% | ||
| Q3 25 | 49.4% | 30.4% | ||
| Q2 25 | 50.2% | 5.7% | ||
| Q1 25 | 48.8% | -31.2% | ||
| Q4 24 | 45.4% | -69.2% | ||
| Q3 24 | 49.2% | -36.4% | ||
| Q2 24 | 53.3% | -90.8% | ||
| Q1 24 | 51.7% | -6.1% |
净利率DTMRILY
| Q4 25 | 35.0% | 47.9% | ||
| Q3 25 | 36.6% | 42.3% | ||
| Q2 25 | 34.6% | 74.1% | ||
| Q1 25 | 35.6% | -5.1% | ||
| Q4 24 | 29.3% | -2.3% | ||
| Q3 24 | 35.5% | -126.1% | ||
| Q2 24 | 39.3% | -169.4% | ||
| Q1 24 | 40.4% | -18.7% |
每股收益（稀释后）DTMRILY
| Q4 25 | $1.07 | $2.78 | ||
| Q3 25 | $1.13 | $2.91 | ||
| Q2 25 | $1.04 | $4.50 | ||
| Q1 25 | $1.06 | $-0.39 | ||
| Q4 24 | $0.73 | $-0.01 | ||
| Q3 24 | $0.90 | $-9.39 | ||
| Q2 24 | $0.98 | $-14.35 | ||
| Q1 24 | $0.99 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $4.7B | $-171.5M |
| 总资产 | $10.1B | $1.7B |
| 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DTMRILY
| Q4 25 | $54.0M | $226.6M | ||
| Q3 25 | $98.0M | $184.2M | ||
| Q2 25 | $74.0M | $267.4M | ||
| Q1 25 | $83.0M | $138.3M | ||
| Q4 24 | $68.0M | $146.9M | ||
| Q3 24 | $77.0M | $159.2M | ||
| Q2 24 | $73.0M | $236.9M | ||
| Q1 24 | $41.0M | $190.7M |
总债务DTMRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMRILY
| Q4 25 | $4.7B | $-171.5M | ||
| Q3 25 | $4.7B | $-260.5M | ||
| Q2 25 | $4.7B | $-351.7M | ||
| Q1 25 | $4.6B | $-496.8M | ||
| Q4 24 | $4.6B | $-488.2M | ||
| Q3 24 | $4.2B | $-497.6M | ||
| Q2 24 | $4.2B | $-218.3M | ||
| Q1 24 | $4.2B | $228.4M |
总资产DTMRILY
| Q4 25 | $10.1B | $1.7B | ||
| Q3 25 | $10.1B | $1.7B | ||
| Q2 25 | $10.0B | $1.5B | ||
| Q1 25 | $9.9B | $1.5B | ||
| Q4 24 | $9.9B | $1.8B | ||
| Q3 24 | $8.6B | $2.2B | ||
| Q2 24 | $9.0B | $3.2B | ||
| Q1 24 | $9.0B | $5.0B |
负债/权益比DTMRILY
| 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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | — |
| 自由现金流率自由现金流/营收 | 9.5% | — |
| 资本支出强度资本支出/营收 | 41.3% | — |
| 现金转化率经营现金流/净利润 | 1.45× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $441.0M | — |
8季度趋势，按日历期对齐
经营现金流DTMRILY
| Q4 25 | $161.0M | $26.2M | ||
| Q3 25 | $274.0M | $-60.6M | ||
| Q2 25 | $185.0M | $-25.6M | ||
| Q1 25 | $247.0M | $184.0K | ||
| Q4 24 | $152.0M | $-2.7M | ||
| Q3 24 | $205.0M | $19.5M | ||
| Q2 24 | $165.0M | $111.5M | ||
| Q1 24 | $241.0M | $135.4M |
自由现金流DTMRILY
| Q4 25 | $30.0M | — | ||
| Q3 25 | $131.0M | — | ||
| Q2 25 | $104.0M | — | ||
| Q1 25 | $176.0M | — | ||
| Q4 24 | $62.0M | — | ||
| Q3 24 | $124.0M | — | ||
| Q2 24 | $84.0M | — | ||
| Q1 24 | $143.0M | — |
自由现金流率DTMRILY
| Q4 25 | 9.5% | — | ||
| Q3 25 | 41.7% | — | ||
| Q2 25 | 33.7% | — | ||
| Q1 25 | 58.1% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 50.0% | — | ||
| Q2 24 | 34.4% | — | ||
| Q1 24 | 59.6% | — |
资本支出强度DTMRILY
| Q4 25 | 41.3% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 26.2% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 33.2% | — | ||
| Q1 24 | 40.8% | — |
现金转化率DTMRILY
| Q4 25 | 1.45× | 0.29× | ||
| Q3 25 | 2.38× | -0.66× | ||
| Q2 25 | 1.73× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
