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Hess Midstream LP（HESM）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
Hess Midstream LP的季度营收约是LiveRamp Holdings, Inc.的1.9倍（$404.2M vs $212.2M），Hess Midstream LP净利率更高（23.1% vs 18.8%，领先4.3%），LiveRamp Holdings, Inc.同比增速更快（8.6% vs 2.1%），过去两年LiveRamp Holdings, Inc.的营收复合增速更高（11.1% vs 6.6%）
赫斯是美国全球化独立能源企业，主要从事原油与天然气的勘探、生产业务。公司于1968年由赫斯石油化工和阿美拉达石油合并成立，2023年10月同意被雪佛龙收购，相关交易已于2025年7月完成交割。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
HESM vs RAMP — 直观对比
营收规模更大
HESM
是对方的1.9倍
$212.2M
营收增速更快
RAMP
高出6.5%
2.1%
净利率更高
HESM
高出4.3%
18.8%
两年增速更快
RAMP
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $212.2M |
| 净利润 | $93.3M | $39.9M |
| 毛利率 | — | 71.9% |
| 营业利润率 | 62.2% | 18.6% |
| 净利率 | 23.1% | 18.8% |
| 营收同比 | 2.1% | 8.6% |
| 净利润同比 | 32.5% | 255.7% |
| 每股收益（稀释后） | — | $0.62 |
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HESMRAMP
| Q4 25 | $404.2M | $212.2M | ||
| Q3 25 | $420.9M | $199.8M | ||
| Q2 25 | $414.2M | $194.8M | ||
| Q1 25 | $382.0M | $188.7M | ||
| Q4 24 | $395.9M | $195.4M | ||
| Q3 24 | $378.5M | $185.5M | ||
| Q2 24 | $365.5M | $176.0M | ||
| Q1 24 | $355.6M | $171.9M |
净利润HESMRAMP
| Q4 25 | $93.3M | $39.9M | ||
| Q3 25 | $97.7M | $27.4M | ||
| Q2 25 | $90.3M | $7.7M | ||
| Q1 25 | $71.6M | $-6.3M | ||
| Q4 24 | $70.4M | $11.2M | ||
| Q3 24 | $58.6M | $1.7M | ||
| Q2 24 | $49.5M | $-7.5M | ||
| Q1 24 | $44.6M | $-5.4M |
毛利率HESMRAMP
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率HESMRAMP
| Q4 25 | 62.2% | 18.6% | ||
| Q3 25 | 61.5% | 10.7% | ||
| Q2 25 | 62.8% | 3.7% | ||
| Q1 25 | 62.1% | -6.1% | ||
| Q4 24 | 61.4% | 7.5% | ||
| Q3 24 | 61.2% | 4.0% | ||
| Q2 24 | 60.8% | -3.0% | ||
| Q1 24 | 62.4% | -8.3% |
净利率HESMRAMP
| Q4 25 | 23.1% | 18.8% | ||
| Q3 25 | 23.2% | 13.7% | ||
| Q2 25 | 21.8% | 4.0% | ||
| Q1 25 | 18.7% | -3.3% | ||
| Q4 24 | 17.8% | 5.7% | ||
| Q3 24 | 15.5% | 0.9% | ||
| Q2 24 | 13.5% | -4.3% | ||
| Q1 24 | 12.5% | -3.1% |
每股收益（稀释后）HESMRAMP
| Q4 25 | — | $0.62 | ||
| Q3 25 | — | $0.42 | ||
| Q2 25 | — | $0.12 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.09 |
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 | $1.9M | $403.4M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | — | $962.3M |
| 总资产 | $4.4B | $1.3B |
| 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HESMRAMP
| Q4 25 | $1.9M | $403.4M | ||
| Q3 25 | $5.5M | $376.9M | ||
| Q2 25 | $4.5M | $371.1M | ||
| Q1 25 | $6.1M | $420.8M | ||
| Q4 24 | $4.3M | $384.3M | ||
| Q3 24 | $10.3M | $348.4M | ||
| Q2 24 | $99.6M | $342.7M | ||
| Q1 24 | $4.2M | $368.9M |
总债务HESMRAMP
| Q4 25 | $3.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HESMRAMP
| Q4 25 | — | $962.3M | ||
| Q3 25 | — | $943.8M | ||
| Q2 25 | — | $947.8M | ||
| Q1 25 | — | $948.9M | ||
| Q4 24 | — | $957.7M | ||
| Q3 24 | — | $932.1M | ||
| Q2 24 | — | $951.9M | ||
| Q1 24 | — | $949.1M |
总资产HESMRAMP
| Q4 25 | $4.4B | $1.3B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.4B | $1.2B | ||
| Q1 25 | $4.3B | $1.3B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.1B | $1.2B | ||
| Q2 24 | $4.1B | $1.2B | ||
| Q1 24 | $3.9B | $1.2B |
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 | $245.6M | — |
| 自由现金流经营现金流 - 资本支出 | $178.9M | — |
| 自由现金流率自由现金流/营收 | 44.3% | — |
| 资本支出强度资本支出/营收 | 16.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.63× | — |
| 过去12个月自由现金流最近4个季度 | $728.2M | — |
8季度趋势，按日历期对齐
经营现金流HESMRAMP
| Q4 25 | $245.6M | — | ||
| Q3 25 | $258.9M | $57.4M | ||
| Q2 25 | $276.9M | $-15.8M | ||
| Q1 25 | $202.4M | — | ||
| Q4 24 | $258.5M | $45.1M | ||
| Q3 24 | $224.9M | $55.6M | ||
| Q2 24 | $271.6M | $-9.3M | ||
| Q1 24 | $185.3M | — |
自由现金流HESMRAMP
| Q4 25 | $178.9M | — | ||
| Q3 25 | $178.9M | $56.8M | ||
| Q2 25 | $213.5M | $-16.2M | ||
| Q1 25 | $156.9M | — | ||
| Q4 24 | $163.4M | $44.8M | ||
| Q3 24 | $132.6M | $55.4M | ||
| Q2 24 | $207.7M | $-9.6M | ||
| Q1 24 | $130.5M | — |
自由现金流率HESMRAMP
| Q4 25 | 44.3% | — | ||
| Q3 25 | 42.5% | 28.4% | ||
| Q2 25 | 51.5% | -8.3% | ||
| Q1 25 | 41.1% | — | ||
| Q4 24 | 41.3% | 22.9% | ||
| Q3 24 | 35.0% | 29.8% | ||
| Q2 24 | 56.8% | -5.4% | ||
| Q1 24 | 36.7% | — |
资本支出强度HESMRAMP
| Q4 25 | 16.5% | 0.1% | ||
| Q3 25 | 19.0% | 0.3% | ||
| Q2 25 | 15.3% | 0.2% | ||
| Q1 25 | 11.9% | 0.2% | ||
| Q4 24 | 24.0% | 0.1% | ||
| Q3 24 | 24.4% | 0.1% | ||
| Q2 24 | 17.5% | 0.1% | ||
| Q1 24 | 15.4% | 1.0% |
现金转化率HESMRAMP
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.65× | 2.09× | ||
| Q2 25 | 3.07× | -2.04× | ||
| Q1 25 | 2.83× | — | ||
| Q4 24 | 3.67× | 4.02× | ||
| Q3 24 | 3.84× | 32.10× | ||
| Q2 24 | 5.49× | — | ||
| Q1 24 | 4.15× | — |
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
HESM
| Gathering | $217.3M | 54% |
| Processing And Storage | $154.7M | 38% |
| Terminaling And Export | $32.2M | 8% |
RAMP
暂无分部数据
