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Hess Midstream LP（HESM）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.1倍（$204.1M vs $188.3M），Hess Midstream LP净利率更高（77.3% vs 47.9%，领先29.3%），Hess Midstream LP同比增速更快（2.1% vs -21.9%），过去两年BRC Group Holdings, Inc.的营收复合增速更高（-15.4% 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。
HESM vs RILY — 直观对比
营收规模更大
HESM
是对方的1.1倍
$188.3M
营收增速更快
HESM
高出24.0%
-21.9%
净利率更高
HESM
高出29.3%
47.9%
两年增速更快
RILY
近两年复合增速
-25.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $188.3M |
| 净利润 | $157.7M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 116.7% | 32.3% |
| 净利率 | 77.3% | 47.9% |
| 营收同比 | 2.1% | -21.9% |
| 净利润同比 | -2.3% | 1710.8% |
| 每股收益（稀释后） | $0.68 | $2.78 |
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HESMRILY
| Q1 26 | $204.1M | — | ||
| Q4 25 | $404.2M | $188.3M | ||
| Q3 25 | $420.9M | $215.3M | ||
| Q2 25 | $414.2M | $188.2M | ||
| Q1 25 | $382.0M | $197.2M | ||
| Q4 24 | $395.9M | $241.0M | ||
| Q3 24 | $378.5M | $225.5M | ||
| Q2 24 | $365.5M | $256.0M |
净利润HESMRILY
| Q1 26 | $157.7M | — | ||
| Q4 25 | $93.3M | $90.3M | ||
| Q3 25 | $97.7M | $91.1M | ||
| Q2 25 | $90.3M | $139.5M | ||
| Q1 25 | $71.6M | $-10.0M | ||
| Q4 24 | $70.4M | $-5.6M | ||
| Q3 24 | $58.6M | $-284.4M | ||
| Q2 24 | $49.5M | $-433.6M |
毛利率HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% |
营业利润率HESMRILY
| Q1 26 | 116.7% | — | ||
| Q4 25 | 62.2% | 32.3% | ||
| Q3 25 | 61.5% | 30.4% | ||
| Q2 25 | 62.8% | 5.7% | ||
| Q1 25 | 62.1% | -31.2% | ||
| Q4 24 | 61.4% | -69.2% | ||
| Q3 24 | 61.2% | -36.4% | ||
| Q2 24 | 60.8% | -90.8% |
净利率HESMRILY
| Q1 26 | 77.3% | — | ||
| Q4 25 | 23.1% | 47.9% | ||
| Q3 25 | 23.2% | 42.3% | ||
| Q2 25 | 21.8% | 74.1% | ||
| Q1 25 | 18.7% | -5.1% | ||
| Q4 24 | 17.8% | -2.3% | ||
| Q3 24 | 15.5% | -126.1% | ||
| Q2 24 | 13.5% | -169.4% |
每股收益（稀释后）HESMRILY
| Q1 26 | $0.68 | — | ||
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $2.91 | ||
| Q2 25 | — | $4.50 | ||
| Q1 25 | — | $-0.39 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-9.39 | ||
| Q2 24 | — | $-14.35 |
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 | — | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | — | $-171.5M |
| 总资产 | — | $1.7B |
| 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HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | $1.9M | $226.6M | ||
| Q3 25 | $5.5M | $184.2M | ||
| Q2 25 | $4.5M | $267.4M | ||
| Q1 25 | $6.1M | $138.3M | ||
| Q4 24 | $4.3M | $146.9M | ||
| Q3 24 | $10.3M | $159.2M | ||
| Q2 24 | $99.6M | $236.9M |
总债务HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $3.5B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | — | $-171.5M | ||
| Q3 25 | — | $-260.5M | ||
| Q2 25 | — | $-351.7M | ||
| Q1 25 | — | $-496.8M | ||
| Q4 24 | — | $-488.2M | ||
| Q3 24 | — | $-497.6M | ||
| Q2 24 | — | $-218.3M |
总资产HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $4.4B | $1.7B | ||
| Q2 25 | $4.4B | $1.5B | ||
| Q1 25 | $4.3B | $1.5B | ||
| Q4 24 | $4.2B | $1.8B | ||
| Q3 24 | $4.1B | $2.2B | ||
| Q2 24 | $4.1B | $3.2B |
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 | $253.3M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 51.4% | — |
| 现金转化率经营现金流/净利润 | 1.61× | 0.29× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HESMRILY
| Q1 26 | $253.3M | — | ||
| Q4 25 | $245.6M | $26.2M | ||
| Q3 25 | $258.9M | $-60.6M | ||
| Q2 25 | $276.9M | $-25.6M | ||
| Q1 25 | $202.4M | $184.0K | ||
| Q4 24 | $258.5M | $-2.7M | ||
| Q3 24 | $224.9M | $19.5M | ||
| Q2 24 | $271.6M | $111.5M |
自由现金流HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | $178.9M | — | ||
| Q3 25 | $178.9M | — | ||
| Q2 25 | $213.5M | — | ||
| Q1 25 | $156.9M | — | ||
| Q4 24 | $163.4M | — | ||
| Q3 24 | $132.6M | — | ||
| Q2 24 | $207.7M | — |
自由现金流率HESMRILY
| Q1 26 | — | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 42.5% | — | ||
| Q2 25 | 51.5% | — | ||
| Q1 25 | 41.1% | — | ||
| Q4 24 | 41.3% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 56.8% | — |
资本支出强度HESMRILY
| Q1 26 | 51.4% | — | ||
| Q4 25 | 16.5% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 11.9% | — | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | 24.4% | — | ||
| Q2 24 | 17.5% | — |
现金转化率HESMRILY
| Q1 26 | 1.61× | — | ||
| Q4 25 | 2.63× | 0.29× | ||
| Q3 25 | 2.65× | -0.66× | ||
| Q2 25 | 3.07× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
