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Hess Midstream LP（HESM）与Resolute Holdings Management, Inc.（RHLD）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Resolute Holdings Management, Inc.的1.7倍（$204.1M vs $117.7M），Hess Midstream LP净利率更高（77.3% vs -1.5%，领先78.7%）
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。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
HESM vs RHLD — 直观对比
营收规模更大
HESM
是对方的1.7倍
$117.7M
净利率更高
HESM
高出78.7%
-1.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $117.7M |
| 净利润 | $157.7M | $-1.7M |
| 毛利率 | — | 55.7% |
| 营业利润率 | 116.7% | 30.2% |
| 净利率 | 77.3% | -1.5% |
| 营收同比 | 2.1% | — |
| 净利润同比 | -2.3% | — |
| 每股收益（稀释后） | $0.68 | $-0.20 |
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HESMRHLD
| Q1 26 | $204.1M | — | ||
| Q4 25 | $404.2M | $117.7M | ||
| Q3 25 | $420.9M | $120.9M | ||
| Q2 25 | $414.2M | $119.6M | ||
| Q1 25 | $382.0M | $103.9M | ||
| Q4 24 | $395.9M | — | ||
| Q3 24 | $378.5M | — | ||
| Q2 24 | $365.5M | — |
净利润HESMRHLD
| Q1 26 | $157.7M | — | ||
| Q4 25 | $93.3M | $-1.7M | ||
| Q3 25 | $97.7M | $-231.0K | ||
| Q2 25 | $90.3M | $-611.0K | ||
| Q1 25 | $71.6M | $-3.4M | ||
| Q4 24 | $70.4M | — | ||
| Q3 24 | $58.6M | — | ||
| Q2 24 | $49.5M | — |
毛利率HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | — | 55.7% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | — | 57.5% | ||
| Q1 25 | — | 52.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率HESMRHLD
| Q1 26 | 116.7% | — | ||
| Q4 25 | 62.2% | 30.2% | ||
| Q3 25 | 61.5% | 34.3% | ||
| Q2 25 | 62.8% | 34.0% | ||
| Q1 25 | 62.1% | 24.7% | ||
| Q4 24 | 61.4% | — | ||
| Q3 24 | 61.2% | — | ||
| Q2 24 | 60.8% | — |
净利率HESMRHLD
| Q1 26 | 77.3% | — | ||
| Q4 25 | 23.1% | -1.5% | ||
| Q3 25 | 23.2% | -0.2% | ||
| Q2 25 | 21.8% | -0.5% | ||
| Q1 25 | 18.7% | -3.2% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.5% | — | ||
| Q2 24 | 13.5% | — |
每股收益（稀释后）HESMRHLD
| Q1 26 | $0.68 | — | ||
| Q4 25 | — | $-0.20 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.39 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $205.5M |
| 总债务越低越好 | — | $169.8M |
| 股东权益账面价值 | — | $6.5M |
| 总资产 | — | $333.4M |
| 负债/权益比越低杠杆越低 | — | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $205.5M | ||
| Q3 25 | $5.5M | $148.0M | ||
| Q2 25 | $4.5M | $99.9M | ||
| Q1 25 | $6.1M | $71.0M | ||
| Q4 24 | $4.3M | — | ||
| Q3 24 | $10.3M | — | ||
| Q2 24 | $99.6M | — |
总债务HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $169.8M | ||
| Q3 25 | — | $173.4M | ||
| Q2 25 | — | $177.1M | ||
| Q1 25 | — | $180.7M | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | — | $9.6M | ||
| Q1 25 | — | $8.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总资产HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $333.4M | ||
| Q3 25 | $4.4B | $293.2M | ||
| Q2 25 | $4.4B | $253.3M | ||
| Q1 25 | $4.3B | $214.3M | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
负债/权益比HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | — | 26.03× | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.42× | ||
| Q1 25 | — | 20.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $196.1M |
| 自由现金流经营现金流 - 资本支出 | — | $189.2M |
| 自由现金流率自由现金流/营收 | — | 160.8% |
| 资本支出强度资本支出/营收 | 51.4% | 5.8% |
| 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 | — | $313.2M |
8季度趋势，按日历期对齐
经营现金流HESMRHLD
| Q1 26 | $253.3M | — | ||
| Q4 25 | $245.6M | $196.1M | ||
| Q3 25 | $258.9M | $59.6M | ||
| Q2 25 | $276.9M | $48.9M | ||
| Q1 25 | $202.4M | $18.4M | ||
| Q4 24 | $258.5M | — | ||
| Q3 24 | $224.9M | — | ||
| Q2 24 | $271.6M | — |
自由现金流HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | $178.9M | $189.2M | ||
| Q3 25 | $178.9M | $58.6M | ||
| Q2 25 | $213.5M | $47.5M | ||
| Q1 25 | $156.9M | $17.8M | ||
| Q4 24 | $163.4M | — | ||
| Q3 24 | $132.6M | — | ||
| Q2 24 | $207.7M | — |
自由现金流率HESMRHLD
| Q1 26 | — | — | ||
| Q4 25 | 44.3% | 160.8% | ||
| Q3 25 | 42.5% | 48.5% | ||
| Q2 25 | 51.5% | 39.7% | ||
| Q1 25 | 41.1% | 17.1% | ||
| Q4 24 | 41.3% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 56.8% | — |
资本支出强度HESMRHLD
| Q1 26 | 51.4% | — | ||
| Q4 25 | 16.5% | 5.8% | ||
| Q3 25 | 19.0% | 0.8% | ||
| Q2 25 | 15.3% | 1.2% | ||
| Q1 25 | 11.9% | 0.6% | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | 24.4% | — | ||
| Q2 24 | 17.5% | — |
现金转化率HESMRHLD
| Q1 26 | 1.61× | — | ||
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.65× | — | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.84× | — | ||
| 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
| Affiliate services | $197.9M | 97% |
| Third-party services | $6.2M | 3% |
RHLD
暂无分部数据
