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Expand Energy（EXE）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.2倍（$3.3B vs $2.7B），Expand Energy净利率更高（16.9% vs 2.5%，领先14.4%），Expand Energy同比增速更快（63.5% vs 52.2%），Expand Energy自由现金流更多（$215.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 29.6%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
EXE vs RKT — 直观对比
营收规模更大
EXE
是对方的1.2倍
$2.7B
营收增速更快
EXE
高出11.4%
52.2%
净利率更高
EXE
高出14.4%
2.5%
自由现金流更多
EXE
多$1.5B
$-1.3B
两年增速更快
RKT
近两年复合增速
29.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.7B |
| 净利润 | $553.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.8% | 6.3% |
| 净利率 | 16.9% | 2.5% |
| 营收同比 | 63.5% | 52.2% |
| 净利润同比 | 238.6% | 100.8% |
| 每股收益（稀释后） | $2.33 | $0.10 |
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EXERKT
| Q4 25 | $3.3B | $2.7B | ||
| Q3 25 | $3.0B | $1.6B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $2.2B | $1.0B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $648.0M | $646.9M | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $1.1B | $1.4B |
净利润EXERKT
| Q4 25 | $553.0M | $68.0M | ||
| Q3 25 | $547.0M | $-123.9M | ||
| Q2 25 | $968.0M | $-1.8M | ||
| Q1 25 | $-249.0M | $-10.4M | ||
| Q4 24 | $-399.0M | $33.9M | ||
| Q3 24 | $-114.0M | $-22.0M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | $26.0M | $16.2M |
毛利率EXERKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率EXERKT
| Q4 25 | 22.8% | 6.3% | ||
| Q3 25 | 24.4% | -11.5% | ||
| Q2 25 | 34.4% | 1.8% | ||
| Q1 25 | -12.2% | -21.5% | ||
| Q4 24 | -19.3% | 38.1% | ||
| Q3 24 | -23.9% | -76.9% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | 3.0% | 21.6% |
净利率EXERKT
| Q4 25 | 16.9% | 2.5% | ||
| Q3 25 | 18.4% | -7.7% | ||
| Q2 25 | 26.2% | -0.1% | ||
| Q1 25 | -11.3% | -1.0% | ||
| Q4 24 | -19.9% | 1.9% | ||
| Q3 24 | -17.6% | -3.4% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 2.4% | 1.2% |
每股收益（稀释后）EXERKT
| Q4 25 | $2.33 | $0.10 | ||
| Q3 25 | $2.28 | $-0.06 | ||
| Q2 25 | $4.02 | $-0.01 | ||
| Q1 25 | $-1.06 | $-0.08 | ||
| Q4 24 | $-2.15 | $0.28 | ||
| Q3 24 | $-0.85 | $-0.19 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | $0.18 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $18.6B | $22.9B |
| 总资产 | $28.3B | $60.7B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资EXERKT
| Q4 25 | $616.0M | $2.7B | ||
| Q3 25 | $613.0M | $5.8B | ||
| Q2 25 | $731.0M | $5.1B | ||
| Q1 25 | $349.0M | $1.4B | ||
| Q4 24 | $317.0M | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $1.2B | $861.4M |
总债务EXERKT
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXERKT
| Q4 25 | $18.6B | $22.9B | ||
| Q3 25 | $18.1B | $8.9B | ||
| Q2 25 | $17.9B | $7.4B | ||
| Q1 25 | $17.2B | $8.6B | ||
| Q4 24 | $17.6B | $9.0B | ||
| Q3 24 | $10.2B | $8.4B | ||
| Q2 24 | — | $8.8B | ||
| Q1 24 | $10.7B | $8.6B |
总资产EXERKT
| Q4 25 | $28.3B | $60.7B | ||
| Q3 25 | $27.6B | $33.6B | ||
| Q2 25 | $27.8B | $30.4B | ||
| Q1 25 | $27.9B | $25.3B | ||
| Q4 24 | $27.9B | $24.5B | ||
| Q3 24 | $13.4B | $25.1B | ||
| Q2 24 | — | $23.6B | ||
| Q1 24 | $14.0B | $22.2B |
负债/权益比EXERKT
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.32× | — | ||
| 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 | $956.0M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $215.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 6.6% | -47.2% |
| 资本支出强度资本支出/营收 | 22.6% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.73× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流EXERKT
| Q4 25 | $956.0M | $-1.2B | ||
| Q3 25 | $1.2B | $-50.3M | ||
| Q2 25 | $1.3B | $-1.9B | ||
| Q1 25 | $1.1B | $-797.0M | ||
| Q4 24 | $382.0M | $1.8B | ||
| Q3 24 | $422.0M | $-1.3B | ||
| Q2 24 | — | $-122.3M | ||
| Q1 24 | $552.0M | $-3.0B |
自由现金流EXERKT
| Q4 25 | $215.0M | $-1.3B | ||
| Q3 25 | $426.0M | $-71.8M | ||
| Q2 25 | $665.0M | $-1.9B | ||
| Q1 25 | $533.0M | $-811.0M | ||
| Q4 24 | $-154.0M | $1.8B | ||
| Q3 24 | $124.0M | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | $131.0M | $-3.0B |
自由现金流率EXERKT
| Q4 25 | 6.6% | -47.2% | ||
| Q3 25 | 14.4% | -4.5% | ||
| Q2 25 | 18.0% | -137.2% | ||
| Q1 25 | 24.3% | -78.2% | ||
| Q4 24 | -7.7% | 103.1% | ||
| Q3 24 | 19.1% | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | 12.1% | -218.7% |
资本支出强度EXERKT
| Q4 25 | 22.6% | 1.5% | ||
| Q3 25 | 26.1% | 1.3% | ||
| Q2 25 | 17.8% | 1.1% | ||
| Q1 25 | 25.6% | 1.4% | ||
| Q4 24 | 26.8% | 1.1% | ||
| Q3 24 | 46.0% | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | 38.9% | 1.0% |
现金转化率EXERKT
| Q4 25 | 1.73× | -18.08× | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | 21.23× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
