vs
Expand Energy（EXE）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Expand Energy的季度营收约是Masco的1.7倍（$3.3B vs $1.9B），Expand Energy净利率更高（16.9% vs 11.9%，领先5.0%），Expand Energy同比增速更快（63.5% vs 6.5%），过去两年Expand Energy的营收复合增速更高（29.6% vs -4.2%）
Expand Energy是按净日产量统计的美国最大独立天然气生产商，总部位于俄克拉荷马城，运营范围覆盖宾夕法尼亚州、西弗吉尼亚州境内马塞勒斯地层的阿巴拉契亚盆地，以及路易斯安那州西北部的海恩斯维尔页岩区块。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
EXE vs MAS — 直观对比
营收规模更大
EXE
是对方的1.7倍
$1.9B
营收增速更快
EXE
高出57.0%
6.5%
净利率更高
EXE
高出5.0%
11.9%
两年增速更快
EXE
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.9B |
| 净利润 | $553.0M | $228.0M |
| 毛利率 | — | 35.8% |
| 营业利润率 | 22.8% | 16.5% |
| 净利率 | 16.9% | 11.9% |
| 营收同比 | 63.5% | 6.5% |
| 净利润同比 | 238.6% | 14.5% |
| 每股收益（稀释后） | $2.33 | — |
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EXEMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.3B | $1.8B | ||
| Q3 25 | $3.0B | $1.9B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $648.0M | $2.0B | ||
| Q2 24 | — | $2.1B |
净利润EXEMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $553.0M | $165.0M | ||
| Q3 25 | $547.0M | $189.0M | ||
| Q2 25 | $968.0M | $270.0M | ||
| Q1 25 | $-249.0M | $186.0M | ||
| Q4 24 | $-399.0M | $182.0M | ||
| Q3 24 | $-114.0M | $167.0M | ||
| Q2 24 | — | $258.0M |
毛利率EXEMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% |
营业利润率EXEMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 22.8% | 13.8% | ||
| Q3 25 | 24.4% | 15.8% | ||
| Q2 25 | 34.4% | 20.1% | ||
| Q1 25 | -12.2% | 15.9% | ||
| Q4 24 | -19.3% | 15.9% | ||
| Q3 24 | -23.9% | 18.0% | ||
| Q2 24 | — | 19.0% |
净利率EXEMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 16.9% | 9.2% | ||
| Q3 25 | 18.4% | 9.9% | ||
| Q2 25 | 26.2% | 13.2% | ||
| Q1 25 | -11.3% | 10.3% | ||
| Q4 24 | -19.9% | 10.0% | ||
| Q3 24 | -17.6% | 8.4% | ||
| Q2 24 | — | 12.3% |
每股收益（稀释后）EXEMAS
| Q1 26 | — | — | ||
| Q4 25 | $2.33 | $0.81 | ||
| Q3 25 | $2.28 | $0.90 | ||
| Q2 25 | $4.02 | $1.28 | ||
| Q1 25 | $-1.06 | $0.87 | ||
| Q4 24 | $-2.15 | $0.85 | ||
| Q3 24 | $-0.85 | $0.77 | ||
| Q2 24 | — | $1.17 |
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 | $616.0M | — |
| 总债务越低越好 | $5.0B | $2.9B |
| 股东权益账面价值 | $18.6B | $27.0M |
| 总资产 | $28.3B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.27× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资EXEMAS
| Q1 26 | — | — | ||
| Q4 25 | $616.0M | $647.0M | ||
| Q3 25 | $613.0M | $559.0M | ||
| Q2 25 | $731.0M | $390.0M | ||
| Q1 25 | $349.0M | $377.0M | ||
| Q4 24 | $317.0M | $634.0M | ||
| Q3 24 | $1.0B | $646.0M | ||
| Q2 24 | — | $398.0M |
总债务EXEMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $5.0B | $2.9B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.7B | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXEMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $18.6B | $-185.0M | ||
| Q3 25 | $18.1B | $-78.0M | ||
| Q2 25 | $17.9B | $-84.0M | ||
| Q1 25 | $17.2B | $-254.0M | ||
| Q4 24 | $17.6B | $-279.0M | ||
| Q3 24 | $10.2B | $-88.0M | ||
| Q2 24 | — | $-26.0M |
总资产EXEMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $28.3B | $5.2B | ||
| Q3 25 | $27.6B | $5.3B | ||
| Q2 25 | $27.8B | $5.3B | ||
| Q1 25 | $27.9B | $5.1B | ||
| Q4 24 | $27.9B | $5.0B | ||
| Q3 24 | $13.4B | $5.3B | ||
| Q2 24 | — | $5.4B |
负债/权益比EXEMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $956.0M | — |
| 自由现金流经营现金流 - 资本支出 | $215.0M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 22.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流EXEMAS
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $418.0M | ||
| Q3 25 | $1.2B | $456.0M | ||
| Q2 25 | $1.3B | $306.0M | ||
| Q1 25 | $1.1B | $-158.0M | ||
| Q4 24 | $382.0M | $407.0M | ||
| Q3 24 | $422.0M | $416.0M | ||
| Q2 24 | — | $346.0M |
自由现金流EXEMAS
| Q1 26 | — | — | ||
| Q4 25 | $215.0M | $371.0M | ||
| Q3 25 | $426.0M | $415.0M | ||
| Q2 25 | $665.0M | $270.0M | ||
| Q1 25 | $533.0M | $-190.0M | ||
| Q4 24 | $-154.0M | $351.0M | ||
| Q3 24 | $124.0M | $378.0M | ||
| Q2 24 | — | $303.0M |
自由现金流率EXEMAS
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 20.7% | ||
| Q3 25 | 14.4% | 21.6% | ||
| Q2 25 | 18.0% | 13.2% | ||
| Q1 25 | 24.3% | -10.5% | ||
| Q4 24 | -7.7% | 19.2% | ||
| Q3 24 | 19.1% | 19.1% | ||
| Q2 24 | — | 14.5% |
资本支出强度EXEMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 22.6% | 2.6% | ||
| Q3 25 | 26.1% | 2.1% | ||
| Q2 25 | 17.8% | 1.8% | ||
| Q1 25 | 25.6% | 1.8% | ||
| Q4 24 | 26.8% | 3.1% | ||
| Q3 24 | 46.0% | 1.9% | ||
| Q2 24 | — | 2.1% |
现金转化率EXEMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | 2.53× | ||
| Q3 25 | 2.20× | 2.41× | ||
| Q2 25 | 1.37× | 1.13× | ||
| Q1 25 | — | -0.85× | ||
| Q4 24 | — | 2.24× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.34× |
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
EXE
| Oil And Gas | $2.3B | 70% |
| Natural Gas Marketing Sales | $734.0M | 22% |
| Natural Gas Liquids Sales | $174.0M | 5% |
| Natural Gas Liquids Marketing Sales | $34.0M | 1% |
| Oil Marketing Sales | $31.0M | 1% |
MAS
暂无分部数据
