vs
HALLADOR ENERGY CO（HNRG）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
HALLADOR ENERGY CO的季度营收约是RMR GROUP INC.的1.5倍（$101.9M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs -0.2%，领先18.5%），RMR GROUP INC.同比增速更快（40.8% vs 8.9%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
HNRG vs RMR — 直观对比
营收规模更大
HNRG
是对方的1.5倍
$66.7M
营收增速更快
RMR
高出31.9%
8.9%
净利率更高
RMR
高出18.5%
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.9M | $66.7M |
| 净利润 | $-240.0K | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 6.1% | 48.1% |
| 净利率 | -0.2% | 18.3% |
| 营收同比 | 8.9% | 40.8% |
| 净利润同比 | 99.9% | 91.1% |
| 每股收益（稀释后） | $-0.01 | $0.71 |
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HNRGRMR
| Q4 25 | $101.9M | $66.7M | ||
| Q3 25 | $146.8M | — | ||
| Q2 25 | $102.9M | — | ||
| Q1 25 | $117.8M | — | ||
| Q4 24 | $93.6M | — | ||
| Q3 24 | $105.2M | — | ||
| Q2 24 | $93.8M | — | ||
| Q1 24 | $111.6M | — |
净利润HNRGRMR
| Q4 25 | $-240.0K | $12.2M | ||
| Q3 25 | $23.9M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $10.0M | — | ||
| Q4 24 | $-215.8M | — | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $-10.2M | — | ||
| Q1 24 | $-1.7M | — |
毛利率HNRGRMR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 23.7% | — |
营业利润率HNRGRMR
| Q4 25 | 6.1% | 48.1% | ||
| Q3 25 | 19.8% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | -233.5% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | -7.8% | — | ||
| Q1 24 | 2.4% | — |
净利率HNRGRMR
| Q4 25 | -0.2% | 18.3% | ||
| Q3 25 | 16.3% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | -230.5% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | -10.9% | — | ||
| Q1 24 | -1.5% | — |
每股收益（稀释后）HNRGRMR
| Q4 25 | $-0.01 | $0.71 | ||
| Q3 25 | $0.55 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $-5.44 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $-0.27 | — | ||
| Q1 24 | $-0.05 | — |
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 | $49.3M |
| 总债务越低越好 | $29.7M | — |
| 股东权益账面价值 | $159.8M | $232.7M |
| 总资产 | $408.1M | $687.1M |
| 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HNRGRMR
| Q4 25 | $10.1M | $49.3M | ||
| Q3 25 | $12.7M | — | ||
| Q2 25 | $9.2M | — | ||
| Q1 25 | $6.9M | — | ||
| Q4 24 | $7.2M | — | ||
| Q3 24 | $3.8M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $1.6M | — |
总债务HNRGRMR
| 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HNRGRMR
| Q4 25 | $159.8M | $232.7M | ||
| Q3 25 | $146.2M | — | ||
| Q2 25 | $122.2M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $104.3M | — | ||
| Q3 24 | $318.8M | — | ||
| Q2 24 | $316.2M | — | ||
| Q1 24 | $283.9M | — |
总资产HNRGRMR
| Q4 25 | $408.1M | $687.1M | ||
| Q3 25 | $409.5M | — | ||
| Q2 25 | $409.5M | — | ||
| Q1 25 | $366.1M | — | ||
| Q4 24 | $369.1M | — | ||
| Q3 24 | $579.7M | — | ||
| Q2 24 | $595.2M | — | ||
| Q1 24 | $585.4M | — |
负债/权益比HNRGRMR
| 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 | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $-16.8M | — |
| 自由现金流率自由现金流/营收 | -16.5% | — |
| 资本支出强度资本支出/营收 | 24.5% | — |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $11.9M | — |
8季度趋势，按日历期对齐
经营现金流HNRGRMR
| Q4 25 | $8.2M | $10.7M | ||
| Q3 25 | $23.2M | — | ||
| Q2 25 | $11.4M | — | ||
| Q1 25 | $38.4M | — | ||
| Q4 24 | $38.9M | — | ||
| Q3 24 | $-12.9M | — | ||
| Q2 24 | $23.5M | — | ||
| Q1 24 | $16.4M | — |
自由现金流HNRGRMR
| Q4 25 | $-16.8M | — | ||
| Q3 25 | $3.7M | — | ||
| Q2 25 | $-1.7M | — | ||
| Q1 25 | $26.7M | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $-24.5M | — | ||
| Q2 24 | $10.4M | — | ||
| Q1 24 | $1.5M | — |
自由现金流率HNRGRMR
| Q4 25 | -16.5% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | -1.6% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 26.9% | — | ||
| Q3 24 | -23.3% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 1.3% | — |
资本支出强度HNRGRMR
| Q4 25 | 24.5% | — | ||
| Q3 25 | 13.3% | — | ||
| Q2 25 | 12.7% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 13.3% | — |
现金转化率HNRGRMR
| Q4 25 | — | 0.88× | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 3.85× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.31× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
