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伯克希尔·哈撒韦（HEI）与NORTHERN OIL & GAS, INC.（NOG）财务数据对比。点击上方公司名可切换其他公司
伯克希尔·哈撒韦的季度营收约是NORTHERN OIL & GAS, INC.的2.0倍（$1.2B vs $610.2M），伯克希尔·哈撒韦净利率更高（15.6% vs -11.6%，领先27.2%），伯克希尔·哈撒韦同比增速更快（19.3% vs -72.6%），伯克希尔·哈撒韦自由现金流更多（$268.5M vs $43.2M），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs 4.3%）
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
HEI vs NOG — 直观对比
营收规模更大
HEI
是对方的2.0倍
$610.2M
营收增速更快
HEI
高出91.9%
-72.6%
净利率更高
HEI
高出27.2%
-11.6%
自由现金流更多
HEI
多$225.3M
$43.2M
两年增速更快
HEI
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $610.2M |
| 净利润 | $188.3M | $-70.7M |
| 毛利率 | 40.2% | — |
| 营业利润率 | 23.1% | — |
| 净利率 | 15.6% | -11.6% |
| 营收同比 | 19.3% | -72.6% |
| 净利润同比 | 34.8% | -198.7% |
| 每股收益（稀释后） | $1.32 | $-0.73 |
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HEINOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $1.2B | $610.2M | ||
| Q3 25 | $1.1B | $556.6M | ||
| Q2 25 | $1.1B | $706.8M | ||
| Q1 25 | $1.0B | $602.1M | ||
| Q4 24 | $1.0B | $515.0M | ||
| Q3 24 | $992.2M | $753.6M | ||
| Q2 24 | $955.4M | $560.8M |
净利润HEINOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $188.3M | $-70.7M | ||
| Q3 25 | $177.3M | $-129.1M | ||
| Q2 25 | $156.8M | $99.6M | ||
| Q1 25 | $168.0M | $139.0M | ||
| Q4 24 | $139.7M | $71.7M | ||
| Q3 24 | $136.6M | $298.4M | ||
| Q2 24 | $123.1M | $138.6M |
毛利率HEINOG
| Q1 26 | — | — | ||
| Q4 25 | 40.2% | 80.4% | ||
| Q3 25 | 39.8% | 78.7% | ||
| Q2 25 | 39.9% | 82.8% | ||
| Q1 25 | 39.4% | 81.1% | ||
| Q4 24 | 38.9% | 77.4% | ||
| Q3 24 | 39.2% | 85.8% | ||
| Q2 24 | 38.9% | 82.0% |
营业利润率HEINOG
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | -5.5% | ||
| Q3 25 | 23.1% | -22.6% | ||
| Q2 25 | 22.6% | 24.9% | ||
| Q1 25 | 22.0% | 38.1% | ||
| Q4 24 | 21.6% | 25.8% | ||
| Q3 24 | 21.8% | 57.6% | ||
| Q2 24 | 21.9% | 39.0% |
净利率HEINOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | 15.6% | -11.6% | ||
| Q3 25 | 15.5% | -23.2% | ||
| Q2 25 | 14.3% | 14.1% | ||
| Q1 25 | 16.3% | 23.1% | ||
| Q4 24 | 13.8% | 13.9% | ||
| Q3 24 | 13.8% | 39.6% | ||
| Q2 24 | 12.9% | 24.7% |
每股收益（稀释后）HEINOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $1.32 | $-0.67 | ||
| Q3 25 | $1.26 | $-1.33 | ||
| Q2 25 | $1.12 | $1.00 | ||
| Q1 25 | $1.20 | $1.39 | ||
| Q4 24 | $1.00 | $0.71 | ||
| Q3 24 | $0.97 | $2.96 | ||
| Q2 24 | $0.88 | $1.36 |
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 | $217.8M | $14.3M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.3B | $2.1B |
| 总资产 | $8.5B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资HEINOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $217.8M | $14.3M | ||
| Q3 25 | $261.9M | $31.6M | ||
| Q2 25 | $242.3M | $25.9M | ||
| Q1 25 | $165.5M | $33.6M | ||
| Q4 24 | $162.1M | $8.9M | ||
| Q3 24 | $202.9M | $34.4M | ||
| Q2 24 | $204.2M | $7.8M |
总债务HEINOG
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $2.4B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | $2.3B | $2.4B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.4B | $1.9B |
股东权益HEINOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.3B | $2.1B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $4.0B | $2.4B | ||
| Q1 25 | $3.7B | $2.4B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $3.5B | $2.3B | ||
| Q2 24 | $3.4B | $2.1B |
总资产HEINOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $8.5B | $5.4B | ||
| Q3 25 | $8.5B | $5.5B | ||
| Q2 25 | $8.1B | $5.7B | ||
| Q1 25 | $7.9B | $5.7B | ||
| Q4 24 | $7.6B | $5.6B | ||
| Q3 24 | $7.4B | $5.1B | ||
| Q2 24 | $7.4B | $4.7B |
负债/权益比HEINOG
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | 1.13× | ||
| Q3 25 | 0.59× | 1.05× | ||
| Q2 25 | 0.57× | 0.98× | ||
| Q1 25 | 0.63× | 0.96× | ||
| Q4 24 | 0.61× | 1.02× | ||
| Q3 24 | 0.64× | 0.84× | ||
| Q2 24 | 0.70× | 0.91× |
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 | $295.3M | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $268.5M | $43.2M |
| 自由现金流率自由现金流/营收 | 22.2% | 7.1% |
| 资本支出强度资本支出/营收 | 2.2% | 31.5% |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | $861.4M | — |
8季度趋势，按日历期对齐
经营现金流HEINOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $295.3M | $312.6M | ||
| Q3 25 | $231.2M | $423.1M | ||
| Q2 25 | $204.7M | $362.1M | ||
| Q1 25 | $203.0M | $407.4M | ||
| Q4 24 | $205.6M | $290.3M | ||
| Q3 24 | $214.0M | $385.8M | ||
| Q2 24 | $141.1M | $340.5M |
自由现金流HEINOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $268.5M | — | ||
| Q3 25 | $218.5M | — | ||
| Q2 25 | $188.7M | — | ||
| Q1 25 | $185.7M | — | ||
| Q4 24 | $189.5M | — | ||
| Q3 24 | $198.1M | — | ||
| Q2 24 | $128.2M | — |
自由现金流率HEINOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 13.4% | — |
资本支出强度HEINOG
| Q1 26 | — | 31.5% | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — |
现金转化率HEINOG
| Q1 26 | — | — | ||
| Q4 25 | 1.57× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.31× | 3.64× | ||
| Q1 25 | 1.21× | 2.93× | ||
| Q4 24 | 1.47× | 4.05× | ||
| Q3 24 | 1.57× | 1.29× | ||
| Q2 24 | 1.15× | 2.46× |
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
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
