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HALLADOR ENERGY CO（HNRG）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是HALLADOR ENERGY CO的1.2倍（$117.7M vs $101.9M），HALLADOR ENERGY CO净利率更高（-0.2% vs -10.8%，领先10.5%），HALLADOR ENERGY CO同比增速更快（8.9% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-16.8M），过去两年HALLADOR ENERGY CO的营收复合增速更高（-4.4% vs -11.8%）
Hallador能源公司是总部位于美国的能源企业，主要从事低硫煤炭生产及发电业务，覆盖北美市场，为公用事业、工业客户供应煤炭，同时向区域居民及商业用户提供电力服务。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
HNRG vs RGP — 直观对比
营收规模更大
RGP
是对方的1.2倍
$101.9M
营收增速更快
HNRG
高出28.1%
-19.2%
净利率更高
HNRG
高出10.5%
-10.8%
自由现金流更多
RGP
多$32.4M
$-16.8M
两年增速更快
HNRG
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.9M | $117.7M |
| 净利润 | $-240.0K | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 6.1% | -10.3% |
| 净利率 | -0.2% | -10.8% |
| 营收同比 | 8.9% | -19.2% |
| 净利润同比 | 99.9% | 81.6% |
| 每股收益（稀释后） | $-0.01 | $-0.38 |
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HNRGRGP
| Q4 25 | $101.9M | $117.7M | ||
| Q3 25 | $146.8M | $120.2M | ||
| Q2 25 | $102.9M | $139.3M | ||
| Q1 25 | $117.8M | $129.4M | ||
| Q4 24 | $93.6M | $145.6M | ||
| Q3 24 | $105.2M | $136.9M | ||
| Q2 24 | $93.8M | $148.2M | ||
| Q1 24 | $111.6M | $151.3M |
净利润HNRGRGP
| Q4 25 | $-240.0K | $-12.7M | ||
| Q3 25 | $23.9M | $-2.4M | ||
| Q2 25 | $8.2M | $-73.3M | ||
| Q1 25 | $10.0M | $-44.1M | ||
| Q4 24 | $-215.8M | $-68.7M | ||
| Q3 24 | $1.6M | $-5.7M | ||
| Q2 24 | $-10.2M | $10.5M | ||
| Q1 24 | $-1.7M | $2.5M |
毛利率HNRGRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | 23.7% | 37.0% |
营业利润率HNRGRGP
| Q4 25 | 6.1% | -10.3% | ||
| Q3 25 | 19.8% | -1.7% | ||
| Q2 25 | 11.5% | -47.0% | ||
| Q1 25 | 11.8% | -38.4% | ||
| Q4 24 | -233.5% | -52.7% | ||
| Q3 24 | 4.5% | -3.5% | ||
| Q2 24 | -7.8% | 7.6% | ||
| Q1 24 | 2.4% | 2.8% |
净利率HNRGRGP
| Q4 25 | -0.2% | -10.8% | ||
| Q3 25 | 16.3% | -2.0% | ||
| Q2 25 | 8.0% | -52.6% | ||
| Q1 25 | 8.5% | -34.0% | ||
| Q4 24 | -230.5% | -47.2% | ||
| Q3 24 | 1.5% | -4.2% | ||
| Q2 24 | -10.9% | 7.1% | ||
| Q1 24 | -1.5% | 1.7% |
每股收益（稀释后）HNRGRGP
| Q4 25 | $-0.01 | $-0.38 | ||
| Q3 25 | $0.55 | $-0.07 | ||
| Q2 25 | $0.19 | $-2.21 | ||
| Q1 25 | $0.23 | $-1.34 | ||
| Q4 24 | $-5.44 | $-2.08 | ||
| Q3 24 | $0.04 | $-0.17 | ||
| Q2 24 | $-0.27 | $0.31 | ||
| Q1 24 | $-0.05 | $0.08 |
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 | $10.1M | $89.8M |
| 总债务越低越好 | $29.7M | — |
| 股东权益账面价值 | $159.8M | $194.6M |
| 总资产 | $408.1M | $289.3M |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资HNRGRGP
| Q4 25 | $10.1M | $89.8M | ||
| Q3 25 | $12.7M | $77.5M | ||
| Q2 25 | $9.2M | $86.1M | ||
| Q1 25 | $6.9M | $72.5M | ||
| Q4 24 | $7.2M | $78.2M | ||
| Q3 24 | $3.8M | $89.6M | ||
| Q2 24 | $6.4M | $108.9M | ||
| Q1 24 | $1.6M | $113.8M |
总债务HNRGRGP
| Q4 25 | $29.7M | — | ||
| Q3 25 | $42.7M | — | ||
| Q2 25 | $43.1M | — | ||
| Q1 25 | $21.0M | — | ||
| Q4 24 | $41.5M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $42.7M | — | ||
| Q1 24 | $73.8M | — |
股东权益HNRGRGP
| Q4 25 | $159.8M | $194.6M | ||
| Q3 25 | $146.2M | $206.4M | ||
| Q2 25 | $122.2M | $207.1M | ||
| Q1 25 | $115.3M | $277.8M | ||
| Q4 24 | $104.3M | $325.7M | ||
| Q3 24 | $318.8M | $407.2M | ||
| Q2 24 | $316.2M | $418.8M | ||
| Q1 24 | $283.9M | $414.9M |
总资产HNRGRGP
| Q4 25 | $408.1M | $289.3M | ||
| Q3 25 | $409.5M | $287.2M | ||
| Q2 25 | $409.5M | $304.7M | ||
| Q1 25 | $366.1M | $375.6M | ||
| Q4 24 | $369.1M | $424.9M | ||
| Q3 24 | $579.7M | $512.9M | ||
| Q2 24 | $595.2M | $510.9M | ||
| Q1 24 | $585.4M | $523.2M |
负债/权益比HNRGRGP
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.21× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.26× | — |
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 | $8.2M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-16.8M | $15.6M |
| 自由现金流率自由现金流/营收 | -16.5% | 13.2% |
| 资本支出强度资本支出/营收 | 24.5% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $11.9M | $24.3M |
8季度趋势，按日历期对齐
经营现金流HNRGRGP
| Q4 25 | $8.2M | $15.9M | ||
| Q3 25 | $23.2M | $-7.8M | ||
| Q2 25 | $11.4M | $16.8M | ||
| Q1 25 | $38.4M | $659.0K | ||
| Q4 24 | $38.9M | $1.8M | ||
| Q3 24 | $-12.9M | $-309.0K | ||
| Q2 24 | $23.5M | $3.2M | ||
| Q1 24 | $16.4M | $20.5M |
自由现金流HNRGRGP
| Q4 25 | $-16.8M | $15.6M | ||
| Q3 25 | $3.7M | $-8.0M | ||
| Q2 25 | $-1.7M | $16.5M | ||
| Q1 25 | $26.7M | $238.0K | ||
| Q4 24 | $25.2M | $61.0K | ||
| Q3 24 | $-24.5M | $-575.0K | ||
| Q2 24 | $10.4M | $3.0M | ||
| Q1 24 | $1.5M | $20.4M |
自由现金流率HNRGRGP
| Q4 25 | -16.5% | 13.2% | ||
| Q3 25 | 2.5% | -6.6% | ||
| Q2 25 | -1.6% | 11.8% | ||
| Q1 25 | 22.7% | 0.2% | ||
| Q4 24 | 26.9% | 0.0% | ||
| Q3 24 | -23.3% | -0.4% | ||
| Q2 24 | 11.0% | 2.1% | ||
| Q1 24 | 1.3% | 13.5% |
资本支出强度HNRGRGP
| Q4 25 | 24.5% | 0.3% | ||
| Q3 25 | 13.3% | 0.1% | ||
| Q2 25 | 12.7% | 0.2% | ||
| Q1 25 | 9.9% | 0.3% | ||
| Q4 24 | 14.7% | 1.2% | ||
| Q3 24 | 11.0% | 0.2% | ||
| Q2 24 | 14.0% | 0.1% | ||
| Q1 24 | 13.3% | 0.1% |
现金转化率HNRGRGP
| Q4 25 | — | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 3.85× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.31× | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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
HNRG
| Delivered Energy | $58.6M | 57% |
| Coal Sales | $29.1M | 29% |
| Coal Operations | $14.4M | 14% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
