vs
Hess Midstream LP（HESM）与Rapid7, Inc.（RPD）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Rapid7, Inc.的1.9倍（$404.2M vs $217.4M），Hess Midstream LP净利率更高（23.1% vs 1.4%，领先21.6%），Hess Midstream LP同比增速更快（2.1% vs 0.5%），Hess Midstream LP自由现金流更多（$178.9M vs $36.4M），过去两年Hess Midstream LP的营收复合增速更高（6.6% vs 3.0%）
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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
HESM vs RPD — 直观对比
营收规模更大
HESM
是对方的1.9倍
$217.4M
营收增速更快
HESM
高出1.6%
0.5%
净利率更高
HESM
高出21.6%
1.4%
自由现金流更多
HESM
多$142.5M
$36.4M
两年增速更快
HESM
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $217.4M |
| 净利润 | $93.3M | $3.1M |
| 毛利率 | — | 68.9% |
| 营业利润率 | 62.2% | 1.0% |
| 净利率 | 23.1% | 1.4% |
| 营收同比 | 2.1% | 0.5% |
| 净利润同比 | 32.5% | 44.1% |
| 每股收益（稀释后） | — | $0.05 |
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HESMRPD
| Q4 25 | $404.2M | $217.4M | ||
| Q3 25 | $420.9M | $218.0M | ||
| Q2 25 | $414.2M | $214.2M | ||
| Q1 25 | $382.0M | $210.3M | ||
| Q4 24 | $395.9M | $216.3M | ||
| Q3 24 | $378.5M | $214.7M | ||
| Q2 24 | $365.5M | $208.0M | ||
| Q1 24 | $355.6M | $205.1M |
净利润HESMRPD
| Q4 25 | $93.3M | $3.1M | ||
| Q3 25 | $97.7M | $9.8M | ||
| Q2 25 | $90.3M | $8.3M | ||
| Q1 25 | $71.6M | $2.1M | ||
| Q4 24 | $70.4M | $2.2M | ||
| Q3 24 | $58.6M | $15.4M | ||
| Q2 24 | $49.5M | $6.5M | ||
| Q1 24 | $44.6M | $1.4M |
毛利率HESMRPD
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.6% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | — | 69.5% | ||
| Q3 24 | — | 70.6% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 70.3% |
营业利润率HESMRPD
| Q4 25 | 62.2% | 1.0% | ||
| Q3 25 | 61.5% | 2.7% | ||
| Q2 25 | 62.8% | 1.6% | ||
| Q1 25 | 62.1% | -0.0% | ||
| Q4 24 | 61.4% | 3.4% | ||
| Q3 24 | 61.2% | 6.0% | ||
| Q2 24 | 60.8% | 2.5% | ||
| Q1 24 | 62.4% | 4.7% |
净利率HESMRPD
| Q4 25 | 23.1% | 1.4% | ||
| Q3 25 | 23.2% | 4.5% | ||
| Q2 25 | 21.8% | 3.9% | ||
| Q1 25 | 18.7% | 1.0% | ||
| Q4 24 | 17.8% | 1.0% | ||
| Q3 24 | 15.5% | 7.2% | ||
| Q2 24 | 13.5% | 3.1% | ||
| Q1 24 | 12.5% | 0.7% |
每股收益（稀释后）HESMRPD
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.21 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.02 |
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 | $474.7M |
| 总债务越低越好 | $3.8B | — |
| 股东权益账面价值 | — | $154.7M |
| 总资产 | $4.4B | $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HESMRPD
| Q4 25 | $1.9M | $474.7M | ||
| Q3 25 | $5.5M | $407.1M | ||
| Q2 25 | $4.5M | $511.7M | ||
| Q1 25 | $6.1M | $493.5M | ||
| Q4 24 | $4.3M | $521.7M | ||
| Q3 24 | $10.3M | $443.7M | ||
| Q2 24 | $99.6M | $442.6M | ||
| Q1 24 | $4.2M | $411.7M |
总债务HESMRPD
| Q4 25 | $3.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HESMRPD
| Q4 25 | — | $154.7M | ||
| Q3 25 | — | $127.2M | ||
| Q2 25 | — | $90.4M | ||
| Q1 25 | — | $52.7M | ||
| Q4 24 | — | $17.7M | ||
| Q3 24 | — | $-5.1M | ||
| Q2 24 | — | $-52.6M | ||
| Q1 24 | — | $-86.4M |
总资产HESMRPD
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $4.4B | $1.7B | ||
| Q2 25 | $4.4B | $1.6B | ||
| Q1 25 | $4.3B | $1.6B | ||
| Q4 24 | $4.2B | $1.7B | ||
| Q3 24 | $4.1B | $1.6B | ||
| Q2 24 | $4.1B | $1.5B | ||
| Q1 24 | $3.9B | $1.5B |
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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $178.9M | $36.4M |
| 自由现金流率自由现金流/营收 | 44.3% | 16.8% |
| 资本支出强度资本支出/营收 | 16.5% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.63× | 12.01× |
| 过去12个月自由现金流最近4个季度 | $728.2M | $146.2M |
8季度趋势，按日历期对齐
经营现金流HESMRPD
| Q4 25 | $245.6M | $37.6M | ||
| Q3 25 | $258.9M | $39.0M | ||
| Q2 25 | $276.9M | $47.5M | ||
| Q1 25 | $202.4M | $29.8M | ||
| Q4 24 | $258.5M | $63.8M | ||
| Q3 24 | $224.9M | $44.0M | ||
| Q2 24 | $271.6M | $32.9M | ||
| Q1 24 | $185.3M | $31.1M |
自由现金流HESMRPD
| Q4 25 | $178.9M | $36.4M | ||
| Q3 25 | $178.9M | $34.8M | ||
| Q2 25 | $213.5M | $46.6M | ||
| Q1 25 | $156.9M | $28.4M | ||
| Q4 24 | $163.4M | $62.6M | ||
| Q3 24 | $132.6M | $42.6M | ||
| Q2 24 | $207.7M | $32.6M | ||
| Q1 24 | $130.5M | $30.4M |
自由现金流率HESMRPD
| Q4 25 | 44.3% | 16.8% | ||
| Q3 25 | 42.5% | 16.0% | ||
| Q2 25 | 51.5% | 21.8% | ||
| Q1 25 | 41.1% | 13.5% | ||
| Q4 24 | 41.3% | 28.9% | ||
| Q3 24 | 35.0% | 19.9% | ||
| Q2 24 | 56.8% | 15.7% | ||
| Q1 24 | 36.7% | 14.8% |
资本支出强度HESMRPD
| Q4 25 | 16.5% | 0.5% | ||
| Q3 25 | 19.0% | 1.9% | ||
| Q2 25 | 15.3% | 0.4% | ||
| Q1 25 | 11.9% | 0.6% | ||
| Q4 24 | 24.0% | 0.5% | ||
| Q3 24 | 24.4% | 0.6% | ||
| Q2 24 | 17.5% | 0.1% | ||
| Q1 24 | 15.4% | 0.3% |
现金转化率HESMRPD
| Q4 25 | 2.63× | 12.01× | ||
| Q3 25 | 2.65× | 3.97× | ||
| Q2 25 | 3.07× | 5.70× | ||
| Q1 25 | 2.83× | 14.14× | ||
| Q4 24 | 3.67× | 29.36× | ||
| Q3 24 | 3.84× | 2.85× | ||
| Q2 24 | 5.49× | 5.03× | ||
| Q1 24 | 4.15× | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
