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FIRST MERCHANTS CORP（FRME）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
FIRST MERCHANTS CORP的季度营收约是Ranger Energy Services, Inc.的1.1倍（$157.1M vs $142.2M），FIRST MERCHANTS CORP净利率更高（17.9% vs 2.3%，领先15.7%），过去两年Ranger Energy Services, Inc.的营收复合增速更高（1.9% vs -0.9%）
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
FRME vs RNGR — 直观对比
营收规模更大
FRME
是对方的1.1倍
$142.2M
净利率更高
FRME
高出15.7%
2.3%
两年增速更快
RNGR
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.1M | $142.2M |
| 净利润 | $28.2M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 2.3% |
| 净利率 | 17.9% | 2.3% |
| 营收同比 | — | -0.6% |
| 净利润同比 | -49.1% | -44.8% |
| 每股收益（稀释后） | $0.45 | $0.14 |
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FRMERNGR
| Q1 26 | $157.1M | — | ||
| Q4 25 | $172.2M | $142.2M | ||
| Q3 25 | $166.1M | $128.9M | ||
| Q2 25 | $164.3M | $140.6M | ||
| Q1 25 | $160.3M | $135.2M | ||
| Q4 24 | $177.1M | $143.1M | ||
| Q3 24 | $156.0M | $153.0M | ||
| Q2 24 | $159.9M | $138.1M |
净利润FRMERNGR
| Q1 26 | $28.2M | — | ||
| Q4 25 | $57.1M | $3.2M | ||
| Q3 25 | $56.8M | $1.2M | ||
| Q2 25 | $56.8M | $7.3M | ||
| Q1 25 | $55.3M | $600.0K | ||
| Q4 24 | $64.3M | $5.8M | ||
| Q3 24 | $49.2M | $8.7M | ||
| Q2 24 | $39.9M | $4.7M |
营业利润率FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | 2.3% | ||
| Q3 25 | 39.3% | 2.0% | ||
| Q2 25 | 39.6% | 6.1% | ||
| Q1 25 | 39.4% | 0.7% | ||
| Q4 24 | 43.3% | 6.2% | ||
| Q3 24 | 36.1% | 8.4% | ||
| Q2 24 | 27.5% | 5.3% |
净利率FRMERNGR
| Q1 26 | 17.9% | — | ||
| Q4 25 | 33.1% | 2.3% | ||
| Q3 25 | 34.2% | 0.9% | ||
| Q2 25 | 34.6% | 5.2% | ||
| Q1 25 | 34.5% | 0.4% | ||
| Q4 24 | 36.3% | 4.1% | ||
| Q3 24 | 31.5% | 5.7% | ||
| Q2 24 | 25.0% | 3.4% |
每股收益（稀释后）FRMERNGR
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.98 | $0.14 | ||
| Q3 25 | $0.98 | $0.05 | ||
| Q2 25 | $0.98 | $0.32 | ||
| Q1 25 | $0.94 | $0.03 | ||
| Q4 24 | $1.09 | $0.24 | ||
| Q3 24 | $0.84 | $0.39 | ||
| Q2 24 | $0.68 | $0.21 |
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 | — | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $300.1M |
| 总资产 | $21.1B | $419.3M |
| 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FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | — | $10.3M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $48.9M | ||
| Q1 25 | — | $40.3M | ||
| Q4 24 | — | $40.9M | ||
| Q3 24 | — | $14.8M | ||
| Q2 24 | — | $8.7M |
总债务FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益FRMERNGR
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.5B | $300.1M | ||
| Q3 25 | $2.4B | $270.0M | ||
| Q2 25 | $2.3B | $276.9M | ||
| Q1 25 | $2.3B | $272.6M | ||
| Q4 24 | $2.3B | $273.8M | ||
| Q3 24 | $2.3B | $267.6M | ||
| Q2 24 | $2.2B | $260.5M |
总资产FRMERNGR
| Q1 26 | $21.1B | — | ||
| Q4 25 | $19.0B | $419.3M | ||
| Q3 25 | $18.8B | $372.8M | ||
| Q2 25 | $18.6B | $381.7M | ||
| Q1 25 | $18.4B | $376.5M | ||
| Q4 24 | $18.3B | $381.6M | ||
| Q3 24 | $18.3B | $373.9M | ||
| Q2 24 | $18.3B | $359.6M |
负债/权益比FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $24.1M |
| 自由现金流经营现金流 - 资本支出 | — | $17.1M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | — | $42.9M |
8季度趋势，按日历期对齐
经营现金流FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | $283.6M | $24.1M | ||
| Q3 25 | $87.6M | $13.6M | ||
| Q2 25 | $53.7M | $20.7M | ||
| Q1 25 | $61.7M | $10.6M | ||
| Q4 24 | $266.2M | $32.7M | ||
| Q3 24 | $76.8M | $17.7M | ||
| Q2 24 | $63.0M | $22.1M |
自由现金流FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | — | $17.1M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $27.3M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | — | $6.8M |
自由现金流率FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 4.9% |
资本支出强度FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 11.1% |
现金转化率FRMERNGR
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | 7.53× | ||
| Q3 25 | 1.54× | 11.33× | ||
| Q2 25 | 0.94× | 2.84× | ||
| Q1 25 | 1.11× | 17.67× | ||
| Q4 24 | 4.14× | 5.64× | ||
| Q3 24 | 1.56× | 2.03× | ||
| Q2 24 | 1.58× | 4.70× |
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
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
