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Expand Energy（EXE）与RPM INTERNATIONAL INC（RPM）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RPM INTERNATIONAL INC的1.7倍（$3.3B vs $1.9B），Expand Energy净利率更高（16.9% vs 8.4%，领先8.5%），Expand Energy同比增速更快（63.5% vs 3.5%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $215.0M），过去两年Expand Energy的营收复合增速更高（29.6% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
EXE vs RPM — 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60.0%
3.5%
净利率更高
EXE
高出8.5%
8.4%
自由现金流更多
RPM
多$81.4M
$215.0M
两年增速更快
EXE
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.9B |
| 净利润 | $553.0M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 22.8% | 11.0% |
| 净利率 | 16.9% | 8.4% |
| 营收同比 | 63.5% | 3.5% |
| 净利润同比 | 238.6% | -12.0% |
| 每股收益（稀释后） | $2.33 | $1.26 |
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EXERPM
| Q4 25 | $3.3B | $1.9B | ||
| Q3 25 | $3.0B | $2.1B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $648.0M | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | $1.1B | $1.5B |
净利润EXERPM
| Q4 25 | $553.0M | $161.2M | ||
| Q3 25 | $547.0M | $227.6M | ||
| Q2 25 | $968.0M | $225.8M | ||
| Q1 25 | $-249.0M | $52.0M | ||
| Q4 24 | $-399.0M | $183.2M | ||
| Q3 24 | $-114.0M | $227.7M | ||
| Q2 24 | — | $180.6M | ||
| Q1 24 | $26.0M | $61.2M |
毛利率EXERPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率EXERPM
| Q4 25 | 22.8% | 11.0% | ||
| Q3 25 | 24.4% | 14.1% | ||
| Q2 25 | 34.4% | 11.9% | ||
| Q1 25 | -12.2% | 2.8% | ||
| Q4 24 | -19.3% | 11.5% | ||
| Q3 24 | -23.9% | 14.8% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | 3.0% | 5.5% |
净利率EXERPM
| Q4 25 | 16.9% | 8.4% | ||
| Q3 25 | 18.4% | 10.8% | ||
| Q2 25 | 26.2% | 10.8% | ||
| Q1 25 | -11.3% | 3.5% | ||
| Q4 24 | -19.9% | 9.9% | ||
| Q3 24 | -17.6% | 11.6% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | 2.4% | 4.0% |
每股收益（稀释后）EXERPM
| Q4 25 | $2.33 | $1.26 | ||
| Q3 25 | $2.28 | $1.77 | ||
| Q2 25 | $4.02 | $1.76 | ||
| Q1 25 | $-1.06 | $0.40 | ||
| Q4 24 | $-2.15 | $1.42 | ||
| Q3 24 | $-0.85 | $1.77 | ||
| Q2 24 | — | $1.40 | ||
| Q1 24 | $0.18 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $5.0B | $2.5B |
| 股东权益账面价值 | $18.6B | $3.1B |
| 总资产 | $28.3B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资EXERPM
| Q4 25 | $616.0M | $316.6M | ||
| Q3 25 | $613.0M | $297.1M | ||
| Q2 25 | $731.0M | $302.1M | ||
| Q1 25 | $349.0M | $241.9M | ||
| Q4 24 | $317.0M | $268.7M | ||
| Q3 24 | $1.0B | $231.6M | ||
| Q2 24 | — | $237.4M | ||
| Q1 24 | $1.2B | $248.9M |
总债务EXERPM
| Q4 25 | $5.0B | $2.5B | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $5.7B | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益EXERPM
| Q4 25 | $18.6B | $3.1B | ||
| Q3 25 | $18.1B | $3.1B | ||
| Q2 25 | $17.9B | $2.9B | ||
| Q1 25 | $17.2B | $2.7B | ||
| Q4 24 | $17.6B | $2.7B | ||
| Q3 24 | $10.2B | $2.6B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | $10.7B | $2.3B |
总资产EXERPM
| Q4 25 | $28.3B | $7.9B | ||
| Q3 25 | $27.6B | $7.9B | ||
| Q2 25 | $27.8B | $7.8B | ||
| Q1 25 | $27.9B | $6.6B | ||
| Q4 24 | $27.9B | $6.7B | ||
| Q3 24 | $13.4B | $6.6B | ||
| Q2 24 | — | $6.6B | ||
| Q1 24 | $14.0B | $6.4B |
负债/权益比EXERPM
| Q4 25 | 0.27× | 0.80× | ||
| Q3 25 | 0.28× | 0.87× | ||
| Q2 25 | 0.29× | 0.91× | ||
| Q1 25 | 0.30× | 0.78× | ||
| Q4 24 | 0.32× | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $215.0M | $296.4M |
| 自由现金流率自由现金流/营收 | 6.6% | 15.5% |
| 资本支出强度资本支出/营收 | 22.6% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.73× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $582.9M |
8季度趋势，按日历期对齐
经营现金流EXERPM
| Q4 25 | $956.0M | $345.7M | ||
| Q3 25 | $1.2B | $237.5M | ||
| Q2 25 | $1.3B | $149.2M | ||
| Q1 25 | $1.1B | $91.5M | ||
| Q4 24 | $382.0M | $279.4M | ||
| Q3 24 | $422.0M | $248.1M | ||
| Q2 24 | — | $181.2M | ||
| Q1 24 | $552.0M | $173.4M |
自由现金流EXERPM
| Q4 25 | $215.0M | $296.4M | ||
| Q3 25 | $426.0M | $175.0M | ||
| Q2 25 | $665.0M | $78.2M | ||
| Q1 25 | $533.0M | $33.3M | ||
| Q4 24 | $-154.0M | $229.5M | ||
| Q3 24 | $124.0M | $197.3M | ||
| Q2 24 | — | $105.3M | ||
| Q1 24 | $131.0M | $124.6M |
自由现金流率EXERPM
| Q4 25 | 6.6% | 15.5% | ||
| Q3 25 | 14.4% | 8.3% | ||
| Q2 25 | 18.0% | 3.8% | ||
| Q1 25 | 24.3% | 2.3% | ||
| Q4 24 | -7.7% | 12.4% | ||
| Q3 24 | 19.1% | 10.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | 12.1% | 8.2% |
资本支出强度EXERPM
| Q4 25 | 22.6% | 2.6% | ||
| Q3 25 | 26.1% | 3.0% | ||
| Q2 25 | 17.8% | 3.4% | ||
| Q1 25 | 25.6% | 3.9% | ||
| Q4 24 | 26.8% | 2.7% | ||
| Q3 24 | 46.0% | 2.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | 38.9% | 3.2% |
现金转化率EXERPM
| Q4 25 | 1.73× | 2.14× | ||
| Q3 25 | 2.20× | 1.04× | ||
| Q2 25 | 1.37× | 0.66× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | 21.23× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
