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Hess Midstream LP（HESM）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Hess Midstream LP的1.6倍（$663.0M vs $404.2M），Reddit, Inc.净利率更高（30.8% vs 23.1%，领先7.7%），Reddit, Inc.同比增速更快（69.0% vs 2.1%），Reddit, Inc.自由现金流更多（$311.0M vs $178.9M），过去两年Reddit, Inc.的营收复合增速更高（53.6% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
HESM vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.6倍
$404.2M
营收增速更快
RDDT
高出66.9%
2.1%
净利率更高
RDDT
高出7.7%
23.1%
自由现金流更多
RDDT
多$132.1M
$178.9M
两年增速更快
RDDT
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $663.0M |
| 净利润 | $93.3M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 62.2% | 0.0% |
| 净利率 | 23.1% | 30.8% |
| 营收同比 | 2.1% | 69.0% |
| 净利润同比 | 32.5% | 680.0% |
| 每股收益（稀释后） | — | $1.01 |
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HESMRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $404.2M | $725.6M | ||
| Q3 25 | $420.9M | $584.9M | ||
| Q2 25 | $414.2M | $499.6M | ||
| Q1 25 | $382.0M | $392.4M | ||
| Q4 24 | $395.9M | $427.7M | ||
| Q3 24 | $378.5M | $348.4M | ||
| Q2 24 | $365.5M | $281.2M |
净利润HESMRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $93.3M | $251.6M | ||
| Q3 25 | $97.7M | $162.7M | ||
| Q2 25 | $90.3M | $89.3M | ||
| Q1 25 | $71.6M | $26.2M | ||
| Q4 24 | $70.4M | $71.0M | ||
| Q3 24 | $58.6M | $29.9M | ||
| Q2 24 | $49.5M | $-10.1M |
毛利率HESMRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率HESMRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 62.2% | 31.9% | ||
| Q3 25 | 61.5% | 23.7% | ||
| Q2 25 | 62.8% | 13.6% | ||
| Q1 25 | 62.1% | 1.0% | ||
| Q4 24 | 61.4% | 12.4% | ||
| Q3 24 | 61.2% | 2.0% | ||
| Q2 24 | 60.8% | -11.0% |
净利率HESMRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 23.1% | 34.7% | ||
| Q3 25 | 23.2% | 27.8% | ||
| Q2 25 | 21.8% | 17.9% | ||
| Q1 25 | 18.7% | 6.7% | ||
| Q4 24 | 17.8% | 16.6% | ||
| Q3 24 | 15.5% | 8.6% | ||
| Q2 24 | 13.5% | -3.6% |
每股收益（稀释后）HESMRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $0.80 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $4.76 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | — | $3.2B |
| 总资产 | $4.4B | $3.5B |
| 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HESMRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9M | $953.6M | ||
| Q3 25 | $5.5M | $911.7M | ||
| Q2 25 | $4.5M | $734.1M | ||
| Q1 25 | $6.1M | $635.7M | ||
| Q4 24 | $4.3M | $562.1M | ||
| Q3 24 | $10.3M | $515.9M | ||
| Q2 24 | $99.6M | $468.0M |
总债务HESMRDDT
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HESMRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
总资产HESMRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $4.4B | $3.2B | ||
| Q3 25 | $4.4B | $2.9B | ||
| Q2 25 | $4.4B | $2.6B | ||
| Q1 25 | $4.3B | $2.4B | ||
| Q4 24 | $4.2B | $2.3B | ||
| Q3 24 | $4.1B | $2.2B | ||
| Q2 24 | $4.1B | $2.1B |
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 | $311.0M |
| 自由现金流率自由现金流/营收 | 44.3% | 46.9% |
| 资本支出强度资本支出/营收 | 16.5% | — |
| 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 | $868.6M |
8季度趋势，按日历期对齐
经营现金流HESMRDDT
| Q1 26 | — | — | ||
| Q4 25 | $245.6M | $266.8M | ||
| Q3 25 | $258.9M | $185.2M | ||
| Q2 25 | $276.9M | $111.3M | ||
| Q1 25 | $202.4M | $127.6M | ||
| Q4 24 | $258.5M | $90.0M | ||
| Q3 24 | $224.9M | $71.6M | ||
| Q2 24 | $271.6M | $28.4M |
自由现金流HESMRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $178.9M | $263.6M | ||
| Q3 25 | $178.9M | $183.1M | ||
| Q2 25 | $213.5M | $110.8M | ||
| Q1 25 | $156.9M | $126.6M | ||
| Q4 24 | $163.4M | $89.2M | ||
| Q3 24 | $132.6M | $70.3M | ||
| Q2 24 | $207.7M | $27.2M |
自由现金流率HESMRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 44.3% | 36.3% | ||
| Q3 25 | 42.5% | 31.3% | ||
| Q2 25 | 51.5% | 22.2% | ||
| Q1 25 | 41.1% | 32.3% | ||
| Q4 24 | 41.3% | 20.8% | ||
| Q3 24 | 35.0% | 20.2% | ||
| Q2 24 | 56.8% | 9.7% |
资本支出强度HESMRDDT
| Q1 26 | — | — | ||
| Q4 25 | 16.5% | 0.4% | ||
| Q3 25 | 19.0% | 0.4% | ||
| Q2 25 | 15.3% | 0.1% | ||
| Q1 25 | 11.9% | 0.2% | ||
| Q4 24 | 24.0% | 0.2% | ||
| Q3 24 | 24.4% | 0.4% | ||
| Q2 24 | 17.5% | 0.4% |
现金转化率HESMRDDT
| Q1 26 | — | — | ||
| Q4 25 | 2.63× | 1.06× | ||
| Q3 25 | 2.65× | 1.14× | ||
| Q2 25 | 3.07× | 1.25× | ||
| Q1 25 | 2.83× | 4.88× | ||
| Q4 24 | 3.67× | 1.27× | ||
| Q3 24 | 3.84× | 2.40× | ||
| Q2 24 | 5.49× | — |
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% |
RDDT
暂无分部数据
