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伯克希尔·哈撒韦（HEI）与RANGE RESOURCES CORP（RRC）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RANGE RESOURCES CORP的1.5倍（$1.2B vs $786.9M），RANGE RESOURCES CORP净利率更高（22.8% vs 15.6%，领先7.2%），伯克希尔·哈撒韦同比增速更快（19.3% vs 18.0%），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs 14.6%）
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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
HEI vs RRC — 直观对比
营收规模更大
HEI
是对方的1.5倍
$786.9M
营收增速更快
HEI
高出1.3%
18.0%
净利率更高
RRC
高出7.2%
15.6%
两年增速更快
HEI
近两年复合增速
14.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $786.9M |
| 净利润 | $188.3M | $179.1M |
| 毛利率 | 40.2% | 94.5% |
| 营业利润率 | 23.1% | — |
| 净利率 | 15.6% | 22.8% |
| 营收同比 | 19.3% | 18.0% |
| 净利润同比 | 34.8% | 88.8% |
| 每股收益（稀释后） | $1.32 | $0.75 |
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HEIRRC
| Q4 25 | $1.2B | $786.9M | ||
| Q3 25 | $1.1B | $655.3M | ||
| Q2 25 | $1.1B | $699.6M | ||
| Q1 25 | $1.0B | $846.3M | ||
| Q4 24 | $1.0B | $667.0M | ||
| Q3 24 | $992.2M | $567.9M | ||
| Q2 24 | $955.4M | $513.2M | ||
| Q1 24 | $896.4M | $598.8M |
净利润HEIRRC
| Q4 25 | $188.3M | $179.1M | ||
| Q3 25 | $177.3M | $144.3M | ||
| Q2 25 | $156.8M | $237.6M | ||
| Q1 25 | $168.0M | $97.1M | ||
| Q4 24 | $139.7M | $94.8M | ||
| Q3 24 | $136.6M | $50.7M | ||
| Q2 24 | $123.1M | $28.7M | ||
| Q1 24 | $114.7M | $92.1M |
毛利率HEIRRC
| Q4 25 | 40.2% | 94.5% | ||
| Q3 25 | 39.8% | 92.5% | ||
| Q2 25 | 39.9% | 95.0% | ||
| Q1 25 | 39.4% | 93.1% | ||
| Q4 24 | 38.9% | 93.7% | ||
| Q3 24 | 39.2% | 94.3% | ||
| Q2 24 | 38.9% | 93.4% | ||
| Q1 24 | 38.7% | 94.7% |
营业利润率HEIRRC
| Q4 25 | 23.1% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 21.9% | — | ||
| Q1 24 | 20.1% | — |
净利率HEIRRC
| Q4 25 | 15.6% | 22.8% | ||
| Q3 25 | 15.5% | 22.0% | ||
| Q2 25 | 14.3% | 34.0% | ||
| Q1 25 | 16.3% | 11.5% | ||
| Q4 24 | 13.8% | 14.2% | ||
| Q3 24 | 13.8% | 8.9% | ||
| Q2 24 | 12.9% | 5.6% | ||
| Q1 24 | 12.8% | 15.4% |
每股收益（稀释后）HEIRRC
| Q4 25 | $1.32 | $0.75 | ||
| Q3 25 | $1.26 | $0.60 | ||
| Q2 25 | $1.12 | $0.99 | ||
| Q1 25 | $1.20 | $0.40 | ||
| Q4 24 | $1.00 | $0.38 | ||
| Q3 24 | $0.97 | $0.21 | ||
| Q2 24 | $0.88 | $0.12 | ||
| Q1 24 | $0.82 | $0.38 |
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 | $204.0K |
| 总债务越低越好 | $2.2B | $1.2B |
| 股东权益账面价值 | $4.3B | $4.3B |
| 总资产 | $8.5B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资HEIRRC
| Q4 25 | $217.8M | $204.0K | ||
| Q3 25 | $261.9M | $175.0K | ||
| Q2 25 | $242.3M | $134.0K | ||
| Q1 25 | $165.5M | $344.6M | ||
| Q4 24 | $162.1M | $304.5M | ||
| Q3 24 | $202.9M | $277.4M | ||
| Q2 24 | $204.2M | $251.1M | ||
| Q1 24 | $196.3M | $343.1M |
总债务HEIRRC
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.4B | $1.7B | ||
| Q1 24 | $2.5B | $1.8B |
股东权益HEIRRC
| Q4 25 | $4.3B | $4.3B | ||
| Q3 25 | $4.1B | $4.2B | ||
| Q2 25 | $4.0B | $4.1B | ||
| Q1 25 | $3.7B | $3.9B | ||
| Q4 24 | $3.6B | $3.9B | ||
| Q3 24 | $3.5B | $3.9B | ||
| Q2 24 | $3.4B | $3.9B | ||
| Q1 24 | $3.3B | $3.8B |
总资产HEIRRC
| Q4 25 | $8.5B | $7.4B | ||
| Q3 25 | $8.5B | $7.2B | ||
| Q2 25 | $8.1B | $7.1B | ||
| Q1 25 | $7.9B | $7.4B | ||
| Q4 24 | $7.6B | $7.3B | ||
| Q3 24 | $7.4B | $7.2B | ||
| Q2 24 | $7.4B | $7.3B | ||
| Q1 24 | $7.3B | $7.4B |
负债/权益比HEIRRC
| Q4 25 | 0.50× | 0.28× | ||
| Q3 25 | 0.59× | 0.29× | ||
| Q2 25 | 0.57× | 0.29× | ||
| Q1 25 | 0.63× | 0.43× | ||
| Q4 24 | 0.61× | 0.43× | ||
| Q3 24 | 0.64× | 0.44× | ||
| Q2 24 | 0.70× | 0.44× | ||
| Q1 24 | 0.76× | 0.46× |
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 | $257.5M |
| 自由现金流经营现金流 - 资本支出 | $268.5M | — |
| 自由现金流率自由现金流/营收 | 22.2% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.57× | 1.44× |
| 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HEIRRC
| Q4 25 | $295.3M | $257.5M | ||
| Q3 25 | $231.2M | $247.5M | ||
| Q2 25 | $204.7M | $336.2M | ||
| Q1 25 | $203.0M | $330.1M | ||
| Q4 24 | $205.6M | $217.9M | ||
| Q3 24 | $214.0M | $245.9M | ||
| Q2 24 | $141.1M | $148.8M | ||
| Q1 24 | $111.7M | $331.9M |
自由现金流HEIRRC
| 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 | — | ||
| Q1 24 | $98.3M | — |
自由现金流率HEIRRC
| 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% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度HEIRRC
| 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% | — | ||
| Q1 24 | 1.5% | — |
现金转化率HEIRRC
| Q4 25 | 1.57× | 1.44× | ||
| Q3 25 | 1.30× | 1.72× | ||
| Q2 25 | 1.31× | 1.42× | ||
| Q1 25 | 1.21× | 3.40× | ||
| Q4 24 | 1.47× | 2.30× | ||
| Q3 24 | 1.57× | 4.85× | ||
| Q2 24 | 1.15× | 5.18× | ||
| Q1 24 | 0.97× | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
