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DT Midstream, Inc.（DTM）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是DT Midstream, Inc.的1.1倍（$340.0M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs -12.9%，领先47.9%），DT Midstream, Inc.同比增速更快（27.3% vs -0.4%），DT Midstream, Inc.自由现金流更多（$30.0M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% 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。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
DTM vs WD — 直观对比
营收规模更大
WD
是对方的1.1倍
$317.0M
营收增速更快
DTM
高出27.7%
-0.4%
净利率更高
DTM
高出47.9%
-12.9%
自由现金流更多
DTM
多$710.1M
$-680.1M
两年增速更快
WD
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $340.0M |
| 净利润 | $111.0M | $-13.9M |
| 毛利率 | — | — |
| 营业利润率 | 49.2% | -17.2% |
| 净利率 | 35.0% | -12.9% |
| 营收同比 | 27.3% | -0.4% |
| 净利润同比 | 52.1% | -131.0% |
| 每股收益（稀释后） | $1.07 | $-0.41 |
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DTMWD
| Q4 25 | $317.0M | $340.0M | ||
| Q3 25 | $314.0M | $337.7M | ||
| Q2 25 | $309.0M | $319.2M | ||
| Q1 25 | $303.0M | $237.4M | ||
| Q4 24 | $249.0M | $341.5M | ||
| Q3 24 | $248.0M | $292.3M | ||
| Q2 24 | $244.0M | $270.7M | ||
| Q1 24 | $240.0M | $228.1M |
净利润DTMWD
| Q4 25 | $111.0M | $-13.9M | ||
| Q3 25 | $115.0M | $33.5M | ||
| Q2 25 | $107.0M | $34.0M | ||
| Q1 25 | $108.0M | $2.8M | ||
| Q4 24 | $73.0M | $44.8M | ||
| Q3 24 | $88.0M | $28.8M | ||
| Q2 24 | $96.0M | $22.7M | ||
| Q1 24 | $97.0M | $11.9M |
营业利润率DTMWD
| Q4 25 | 49.2% | -17.2% | ||
| Q3 25 | 49.4% | 13.6% | ||
| Q2 25 | 50.2% | 14.5% | ||
| Q1 25 | 48.8% | 2.2% | ||
| Q4 24 | 45.4% | 15.3% | ||
| Q3 24 | 49.2% | 12.8% | ||
| Q2 24 | 53.3% | 10.4% | ||
| Q1 24 | 51.7% | 6.0% |
净利率DTMWD
| Q4 25 | 35.0% | -12.9% | ||
| Q3 25 | 36.6% | 9.9% | ||
| Q2 25 | 34.6% | 10.6% | ||
| Q1 25 | 35.6% | 1.2% | ||
| Q4 24 | 29.3% | 13.1% | ||
| Q3 24 | 35.5% | 9.9% | ||
| Q2 24 | 39.3% | 8.4% | ||
| Q1 24 | 40.4% | 5.2% |
每股收益（稀释后）DTMWD
| Q4 25 | $1.07 | $-0.41 | ||
| Q3 25 | $1.13 | $0.98 | ||
| Q2 25 | $1.04 | $0.99 | ||
| Q1 25 | $1.06 | $0.08 | ||
| Q4 24 | $0.73 | $1.32 | ||
| Q3 24 | $0.90 | $0.85 | ||
| Q2 24 | $0.98 | $0.67 | ||
| Q1 24 | $0.99 | $0.35 |
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 | $299.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $1.7B |
| 总资产 | $10.1B | $5.1B |
| 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DTMWD
| Q4 25 | $54.0M | $299.3M | ||
| Q3 25 | $98.0M | $274.8M | ||
| Q2 25 | $74.0M | $233.7M | ||
| Q1 25 | $83.0M | $181.0M | ||
| Q4 24 | $68.0M | $279.3M | ||
| Q3 24 | $77.0M | $179.8M | ||
| Q2 24 | $73.0M | $208.1M | ||
| Q1 24 | $41.0M | $216.5M |
总债务DTMWD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DTMWD
| Q4 25 | $4.7B | $1.7B | ||
| Q3 25 | $4.7B | $1.8B | ||
| Q2 25 | $4.7B | $1.8B | ||
| Q1 25 | $4.6B | $1.7B | ||
| Q4 24 | $4.6B | $1.7B | ||
| Q3 24 | $4.2B | $1.7B | ||
| Q2 24 | $4.2B | $1.7B | ||
| Q1 24 | $4.2B | $1.7B |
总资产DTMWD
| Q4 25 | $10.1B | $5.1B | ||
| Q3 25 | $10.1B | $5.8B | ||
| Q2 25 | $10.0B | $4.7B | ||
| Q1 25 | $9.9B | $4.5B | ||
| Q4 24 | $9.9B | $4.4B | ||
| Q3 24 | $8.6B | $4.6B | ||
| Q2 24 | $9.0B | $4.2B | ||
| Q1 24 | $9.0B | $3.8B |
负债/权益比DTMWD
| 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 | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $-680.1M |
| 自由现金流率自由现金流/营收 | 9.5% | -200.0% |
| 资本支出强度资本支出/营收 | 41.3% | 4.6% |
| 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 | $-2.2B |
8季度趋势，按日历期对齐
经营现金流DTMWD
| Q4 25 | $161.0M | $-664.3M | ||
| Q3 25 | $274.0M | $-948.1M | ||
| Q2 25 | $185.0M | $-238.5M | ||
| Q1 25 | $247.0M | $-281.1M | ||
| Q4 24 | $152.0M | $129.4M | ||
| Q3 24 | $205.0M | $-202.0M | ||
| Q2 24 | $165.0M | $-237.8M | ||
| Q1 24 | $241.0M | $38.4M |
自由现金流DTMWD
| Q4 25 | $30.0M | $-680.1M | ||
| Q3 25 | $131.0M | $-950.4M | ||
| Q2 25 | $104.0M | $-241.0M | ||
| Q1 25 | $176.0M | $-284.7M | ||
| Q4 24 | $62.0M | $116.4M | ||
| Q3 24 | $124.0M | $-204.0M | ||
| Q2 24 | $84.0M | $-241.7M | ||
| Q1 24 | $143.0M | $35.2M |
自由现金流率DTMWD
| Q4 25 | 9.5% | -200.0% | ||
| Q3 25 | 41.7% | -281.5% | ||
| Q2 25 | 33.7% | -75.5% | ||
| Q1 25 | 58.1% | -120.0% | ||
| Q4 24 | 24.9% | 34.1% | ||
| Q3 24 | 50.0% | -69.8% | ||
| Q2 24 | 34.4% | -89.3% | ||
| Q1 24 | 59.6% | 15.4% |
资本支出强度DTMWD
| Q4 25 | 41.3% | 4.6% | ||
| Q3 25 | 45.5% | 0.7% | ||
| Q2 25 | 26.2% | 0.8% | ||
| Q1 25 | 23.4% | 1.5% | ||
| Q4 24 | 36.1% | 3.8% | ||
| Q3 24 | 32.7% | 0.7% | ||
| Q2 24 | 33.2% | 1.4% | ||
| Q1 24 | 40.8% | 1.4% |
现金转化率DTMWD
| Q4 25 | 1.45× | — | ||
| Q3 25 | 2.38× | -28.34× | ||
| Q2 25 | 1.73× | -7.02× | ||
| Q1 25 | 2.29× | -102.07× | ||
| Q4 24 | 2.08× | 2.89× | ||
| Q3 24 | 2.33× | -7.01× | ||
| Q2 24 | 1.72× | -10.49× | ||
| Q1 24 | 2.48× | 3.24× |
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% |
WD
暂无分部数据
