vs
华利安（HLI）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是华利安的1.1倍（$786.9M vs $717.1M），RANGE RESOURCES CORP净利率更高（22.8% vs 16.3%，领先6.5%），RANGE RESOURCES CORP同比增速更快（18.0% vs 13.0%），过去两年华利安的营收复合增速更高（17.4% vs 14.6%）
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
HLI vs RRC — 直观对比
营收规模更大
RRC
是对方的1.1倍
$717.1M
营收增速更快
RRC
高出5.0%
13.0%
净利率更高
RRC
高出6.5%
16.3%
两年增速更快
HLI
近两年复合增速
14.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $717.1M | $786.9M |
| 净利润 | $116.5M | $179.1M |
| 毛利率 | 32.2% | 94.5% |
| 营业利润率 | 22.4% | — |
| 净利率 | 16.3% | 22.8% |
| 营收同比 | 13.0% | 18.0% |
| 净利润同比 | 22.3% | 88.8% |
| 每股收益（稀释后） | $1.70 | $0.75 |
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HLIRRC
| Q4 25 | $717.1M | $786.9M | ||
| Q3 25 | $659.5M | $655.3M | ||
| Q2 25 | $605.3M | $699.6M | ||
| Q1 25 | $666.4M | $846.3M | ||
| Q4 24 | $634.4M | $667.0M | ||
| Q3 24 | $575.0M | $567.9M | ||
| Q2 24 | $513.6M | $513.2M | ||
| Q1 24 | $520.5M | $598.8M |
净利润HLIRRC
| Q4 25 | $116.5M | $179.1M | ||
| Q3 25 | $111.8M | $144.3M | ||
| Q2 25 | $97.5M | $237.6M | ||
| Q1 25 | $121.9M | $97.1M | ||
| Q4 24 | $95.3M | $94.8M | ||
| Q3 24 | $93.5M | $50.7M | ||
| Q2 24 | $88.9M | $28.7M | ||
| Q1 24 | $81.1M | $92.1M |
毛利率HLIRRC
| Q4 25 | 32.2% | 94.5% | ||
| Q3 25 | 33.8% | 92.5% | ||
| Q2 25 | 31.0% | 95.0% | ||
| Q1 25 | 33.9% | 93.1% | ||
| Q4 24 | 31.4% | 93.7% | ||
| Q3 24 | 33.0% | 94.3% | ||
| Q2 24 | 30.6% | 93.4% | ||
| Q1 24 | 30.3% | 94.7% |
营业利润率HLIRRC
| Q4 25 | 22.4% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 20.9% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 18.6% | — | ||
| Q1 24 | 19.7% | — |
净利率HLIRRC
| Q4 25 | 16.3% | 22.8% | ||
| Q3 25 | 17.0% | 22.0% | ||
| Q2 25 | 16.1% | 34.0% | ||
| Q1 25 | 18.3% | 11.5% | ||
| Q4 24 | 15.0% | 14.2% | ||
| Q3 24 | 16.3% | 8.9% | ||
| Q2 24 | 17.3% | 5.6% | ||
| Q1 24 | 15.6% | 15.4% |
每股收益（稀释后）HLIRRC
| Q4 25 | $1.70 | $0.75 | ||
| Q3 25 | $1.63 | $0.60 | ||
| Q2 25 | $1.42 | $0.99 | ||
| Q1 25 | $1.76 | $0.40 | ||
| Q4 24 | $1.39 | $0.38 | ||
| Q3 24 | $1.37 | $0.21 | ||
| Q2 24 | $1.30 | $0.12 | ||
| Q1 24 | $1.18 | $0.38 |
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 | $1.1B | $204.0K |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.3B | $4.3B |
| 总资产 | $3.9B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资HLIRRC
| Q4 25 | $1.1B | $204.0K | ||
| Q3 25 | $923.6M | $175.0K | ||
| Q2 25 | $793.8M | $134.0K | ||
| Q1 25 | $971.0M | $344.6M | ||
| Q4 24 | $799.3M | $304.5M | ||
| Q3 24 | $691.4M | $277.4M | ||
| Q2 24 | $449.7M | $251.1M | ||
| Q1 24 | $721.2M | $343.1M |
总债务HLIRRC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.8B |
股东权益HLIRRC
| Q4 25 | $2.3B | $4.3B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | $2.2B | $4.1B | ||
| Q1 25 | $2.2B | $3.9B | ||
| Q4 24 | $2.1B | $3.9B | ||
| Q3 24 | $2.0B | $3.9B | ||
| Q2 24 | $1.8B | $3.9B | ||
| Q1 24 | $1.8B | $3.8B |
总资产HLIRRC
| Q4 25 | $3.9B | $7.4B | ||
| Q3 25 | $3.8B | $7.2B | ||
| Q2 25 | $3.5B | $7.1B | ||
| Q1 25 | $3.8B | $7.4B | ||
| Q4 24 | $3.5B | $7.3B | ||
| Q3 24 | $3.2B | $7.2B | ||
| Q2 24 | $2.9B | $7.3B | ||
| Q1 24 | $3.2B | $7.4B |
负债/权益比HLIRRC
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 0.46× |
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 | $217.7M | $257.5M |
| 自由现金流经营现金流 - 资本支出 | $217.0M | — |
| 自由现金流率自由现金流/营收 | 30.3% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 1.87× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $738.9M | — |
8季度趋势，按日历期对齐
经营现金流HLIRRC
| Q4 25 | $217.7M | $257.5M | ||
| Q3 25 | $325.0M | $247.5M | ||
| Q2 25 | $-131.6M | $336.2M | ||
| Q1 25 | $358.4M | $330.1M | ||
| Q4 24 | $265.5M | $217.9M | ||
| Q3 24 | $289.2M | $245.9M | ||
| Q2 24 | $-64.5M | $148.8M | ||
| Q1 24 | $225.3M | $331.9M |
自由现金流HLIRRC
| Q4 25 | $217.0M | — | ||
| Q3 25 | $322.8M | — | ||
| Q2 25 | $-144.8M | — | ||
| Q1 25 | $343.9M | — | ||
| Q4 24 | $261.7M | — | ||
| Q3 24 | $278.7M | — | ||
| Q2 24 | $-75.4M | — | ||
| Q1 24 | $213.1M | — |
自由现金流率HLIRRC
| Q4 25 | 30.3% | — | ||
| Q3 25 | 49.0% | — | ||
| Q2 25 | -23.9% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 41.2% | — | ||
| Q3 24 | 48.5% | — | ||
| Q2 24 | -14.7% | — | ||
| Q1 24 | 40.9% | — |
资本支出强度HLIRRC
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 2.3% | — |
现金转化率HLIRRC
| Q4 25 | 1.87× | 1.44× | ||
| Q3 25 | 2.91× | 1.72× | ||
| Q2 25 | -1.35× | 1.42× | ||
| Q1 25 | 2.94× | 3.40× | ||
| Q4 24 | 2.79× | 2.30× | ||
| Q3 24 | 3.09× | 4.85× | ||
| Q2 24 | -0.73× | 5.18× | ||
| Q1 24 | 2.78× | 3.60× |
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
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
