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Hess Midstream LP（HESM）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.4倍（$204.1M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs 2.1%），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% vs -25.3%）
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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
HESM vs RGR — 直观对比
营收规模更大
HESM
是对方的1.4倍
$151.1M
营收增速更快
RGR
高出1.5%
2.1%
两年增速更快
RGR
近两年复合增速
-25.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $151.1M |
| 净利润 | $157.7M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 116.7% | 2.3% |
| 净利率 | 77.3% | — |
| 营收同比 | 2.1% | 3.6% |
| 净利润同比 | -2.3% | — |
| 每股收益（稀释后） | $0.68 | $0.22 |
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HESMRGR
| Q1 26 | $204.1M | — | ||
| Q4 25 | $404.2M | $151.1M | ||
| Q3 25 | $420.9M | $126.8M | ||
| Q2 25 | $414.2M | $132.5M | ||
| Q1 25 | $382.0M | $135.7M | ||
| Q4 24 | $395.9M | $145.8M | ||
| Q3 24 | $378.5M | $122.3M | ||
| Q2 24 | $365.5M | $130.8M |
净利润HESMRGR
| Q1 26 | $157.7M | — | ||
| Q4 25 | $93.3M | — | ||
| Q3 25 | $97.7M | $1.6M | ||
| Q2 25 | $90.3M | $-17.2M | ||
| Q1 25 | $71.6M | $7.8M | ||
| Q4 24 | $70.4M | — | ||
| Q3 24 | $58.6M | $4.7M | ||
| Q2 24 | $49.5M | $8.3M |
毛利率HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% |
营业利润率HESMRGR
| Q1 26 | 116.7% | — | ||
| Q4 25 | 62.2% | 2.3% | ||
| Q3 25 | 61.5% | -2.7% | ||
| Q2 25 | 62.8% | -15.6% | ||
| Q1 25 | 62.1% | 6.2% | ||
| Q4 24 | 61.4% | 7.8% | ||
| Q3 24 | 61.2% | 3.1% | ||
| Q2 24 | 60.8% | 6.9% |
净利率HESMRGR
| Q1 26 | 77.3% | — | ||
| Q4 25 | 23.1% | — | ||
| Q3 25 | 23.2% | 1.2% | ||
| Q2 25 | 21.8% | -13.0% | ||
| Q1 25 | 18.7% | 5.7% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.5% | 3.9% | ||
| Q2 24 | 13.5% | 6.3% |
每股收益（稀释后）HESMRGR
| Q1 26 | $0.68 | — | ||
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-1.05 | ||
| Q1 25 | — | $0.46 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.47 |
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 | — | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $283.8M |
| 总资产 | — | $342.0M |
| 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HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $92.5M | ||
| Q3 25 | $5.5M | $80.8M | ||
| Q2 25 | $4.5M | $101.4M | ||
| Q1 25 | $6.1M | $108.3M | ||
| Q4 24 | $4.3M | $105.5M | ||
| Q3 24 | $10.3M | $96.0M | ||
| Q2 24 | $99.6M | $105.6M |
总债务HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | — | $283.8M | ||
| Q3 25 | — | $279.6M | ||
| Q2 25 | — | $289.3M | ||
| Q1 25 | — | $321.5M | ||
| Q4 24 | — | $319.6M | ||
| Q3 24 | — | $314.9M | ||
| Q2 24 | — | $321.5M |
总资产HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $342.0M | ||
| Q3 25 | $4.4B | $342.3M | ||
| Q2 25 | $4.4B | $349.5M | ||
| Q1 25 | $4.3B | $379.0M | ||
| Q4 24 | $4.2B | $384.0M | ||
| Q3 24 | $4.1B | $373.5M | ||
| Q2 24 | $4.1B | $376.7M |
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 | $253.3M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | — | $12.3M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | 51.4% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.61× | — |
| 过去12个月自由现金流最近4个季度 | — | $38.5M |
8季度趋势，按日历期对齐
经营现金流HESMRGR
| Q1 26 | $253.3M | — | ||
| Q4 25 | $245.6M | $15.5M | ||
| Q3 25 | $258.9M | $12.9M | ||
| Q2 25 | $276.9M | $14.7M | ||
| Q1 25 | $202.4M | $11.1M | ||
| Q4 24 | $258.5M | $20.0M | ||
| Q3 24 | $224.9M | $9.4M | ||
| Q2 24 | $271.6M | $18.7M |
自由现金流HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | $178.9M | $12.3M | ||
| Q3 25 | $178.9M | $7.0M | ||
| Q2 25 | $213.5M | $9.1M | ||
| Q1 25 | $156.9M | $10.0M | ||
| Q4 24 | $163.4M | $16.4M | ||
| Q3 24 | $132.6M | $2.6M | ||
| Q2 24 | $207.7M | $10.1M |
自由现金流率HESMRGR
| Q1 26 | — | — | ||
| Q4 25 | 44.3% | 8.2% | ||
| Q3 25 | 42.5% | 5.5% | ||
| Q2 25 | 51.5% | 6.9% | ||
| Q1 25 | 41.1% | 7.4% | ||
| Q4 24 | 41.3% | 11.2% | ||
| Q3 24 | 35.0% | 2.1% | ||
| Q2 24 | 56.8% | 7.7% |
资本支出强度HESMRGR
| Q1 26 | 51.4% | — | ||
| Q4 25 | 16.5% | 2.1% | ||
| Q3 25 | 19.0% | 4.6% | ||
| Q2 25 | 15.3% | 4.2% | ||
| Q1 25 | 11.9% | 0.8% | ||
| Q4 24 | 24.0% | 2.5% | ||
| Q3 24 | 24.4% | 5.5% | ||
| Q2 24 | 17.5% | 6.6% |
现金转化率HESMRGR
| Q1 26 | 1.61× | — | ||
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.65× | 8.15× | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | 1.43× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.84× | 1.98× | ||
| Q2 24 | 5.49× | 2.27× |
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
| Affiliate services | $197.9M | 97% |
| Third-party services | $6.2M | 3% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
