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英格索兰（IR）与Targa Resources（TRGP）财务数据对比。点击上方公司名可切换其他公司
Targa Resources的季度营收约是英格索兰的1.9倍（$4.1B vs $2.1B），Targa Resources净利率更高（13.4% vs 12.7%，领先0.7%），英格索兰同比增速更快（10.1% vs -7.9%），Targa Resources自由现金流更多（$542.3M vs $461.5M），过去两年英格索兰的营收复合增速更高（11.9% vs 0.8%）
英格索兰是一家美国跨国企业，主营流体生产及工业产品业务。公司于2020年2月由原英格索兰plc的工业业务板块分拆后与加德纳丹佛合并组建，旗下拥有40多个品牌，产品覆盖全球所有主要市场。
Targa Resources Corp.为财富500强企业，总部位于美国得克萨斯州休斯敦，是美国规模最大的中游能源基础设施企业之一，主营天然气及天然气凝液输送业务，运营资产主要集中在墨西哥湾沿岸，得克萨斯州与路易斯安那州为核心布局区域，马修·J·梅洛伊自2020年起担任首席执行官。
IR vs TRGP — 直观对比
营收规模更大
TRGP
是对方的1.9倍
$2.1B
营收增速更快
IR
高出18.1%
-7.9%
净利率更高
TRGP
高出0.7%
12.7%
自由现金流更多
TRGP
多$80.8M
$461.5M
两年增速更快
IR
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.1B |
| 净利润 | $266.1M | $545.0M |
| 毛利率 | 42.6% | 43.1% |
| 营业利润率 | 18.7% | 22.6% |
| 净利率 | 12.7% | 13.4% |
| 营收同比 | 10.1% | -7.9% |
| 净利润同比 | 15.8% | 55.3% |
| 每股收益（稀释后） | $0.67 | $2.51 |
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IRTRGP
| Q4 25 | $2.1B | $4.1B | ||
| Q3 25 | $2.0B | $4.2B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.7B | $4.6B | ||
| Q4 24 | $1.9B | $4.4B | ||
| Q3 24 | $1.9B | $3.9B | ||
| Q2 24 | $1.8B | $3.0B | ||
| Q1 24 | $1.7B | $4.0B |
净利润IRTRGP
| Q4 25 | $266.1M | $545.0M | ||
| Q3 25 | $244.1M | $478.4M | ||
| Q2 25 | $-115.3M | $629.1M | ||
| Q1 25 | $186.5M | $270.5M | ||
| Q4 24 | $229.8M | $350.9M | ||
| Q3 24 | $221.6M | $387.4M | ||
| Q2 24 | $185.0M | $298.5M | ||
| Q1 24 | $202.2M | $275.2M |
毛利率IRTRGP
| Q4 25 | 42.6% | 43.1% | ||
| Q3 25 | 43.7% | 39.6% | ||
| Q2 25 | 43.7% | 42.8% | ||
| Q1 25 | 44.6% | 28.6% | ||
| Q4 24 | 42.9% | 33.7% | ||
| Q3 24 | 43.8% | 38.6% | ||
| Q2 24 | 43.9% | 27.9% | ||
| Q1 24 | 44.7% | 19.3% |
营业利润率IRTRGP
| Q4 25 | 18.7% | 22.6% | ||
| Q3 25 | 19.2% | 20.2% | ||
| Q2 25 | 4.0% | 24.3% | ||
| Q1 25 | 17.6% | 11.9% | ||
| Q4 24 | 20.0% | 15.9% | ||
| Q3 24 | 19.1% | 18.9% | ||
| Q2 24 | 15.1% | 20.6% | ||
| Q1 24 | 17.6% | 16.0% |
净利率IRTRGP
| Q4 25 | 12.7% | 13.4% | ||
| Q3 25 | 12.5% | 11.5% | ||
| Q2 25 | -6.1% | 14.8% | ||
| Q1 25 | 10.9% | 5.9% | ||
| Q4 24 | 12.1% | 8.0% | ||
| Q3 24 | 11.9% | 10.1% | ||
| Q2 24 | 10.2% | 9.8% | ||
| Q1 24 | 12.1% | 6.9% |
每股收益（稀释后）IRTRGP
| Q4 25 | $0.67 | $2.51 | ||
| Q3 25 | $0.61 | $2.20 | ||
| Q2 25 | $-0.29 | $2.87 | ||
| Q1 25 | $0.46 | $0.91 | ||
| Q4 24 | $0.57 | $1.44 | ||
| Q3 24 | $0.54 | $1.75 | ||
| Q2 24 | $0.45 | $1.33 | ||
| Q1 24 | $0.50 | $1.22 |
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 | $1.2B | $166.1M |
| 总债务越低越好 | $4.8B | $16.7B |
| 股东权益账面价值 | $10.1B | $3.1B |
| 总资产 | $18.3B | $25.2B |
| 负债/权益比越低杠杆越低 | 0.47× | 5.43× |
8季度趋势，按日历期对齐
现金及短期投资IRTRGP
| Q4 25 | $1.2B | $166.1M | ||
| Q3 25 | $1.2B | $124.1M | ||
| Q2 25 | $1.3B | $113.1M | ||
| Q1 25 | $1.6B | $151.4M | ||
| Q4 24 | $1.5B | $157.3M | ||
| Q3 24 | $1.4B | $127.2M | ||
| Q2 24 | $1.1B | $166.4M | ||
| Q1 24 | $1.5B | $109.9M |
总债务IRTRGP
| Q4 25 | $4.8B | $16.7B | ||
| Q3 25 | $4.8B | $16.7B | ||
| Q2 25 | $4.8B | $16.1B | ||
| Q1 25 | $4.8B | $15.5B | ||
| Q4 24 | $4.8B | $13.8B | ||
| Q3 24 | $4.8B | $13.6B | ||
| Q2 24 | $4.8B | $13.0B | ||
| Q1 24 | $2.7B | $12.5B |
股东权益IRTRGP
| Q4 25 | $10.1B | $3.1B | ||
| Q3 25 | $10.1B | $2.7B | ||
| Q2 25 | $10.1B | $2.6B | ||
| Q1 25 | $10.5B | $2.5B | ||
| Q4 24 | $10.2B | $2.6B | ||
| Q3 24 | $10.3B | $2.6B | ||
| Q2 24 | $10.0B | $2.5B | ||
| Q1 24 | $9.9B | $2.7B |
总资产IRTRGP
| Q4 25 | $18.3B | $25.2B | ||
| Q3 25 | $18.2B | $24.2B | ||
| Q2 25 | $18.1B | $23.5B | ||
| Q1 25 | $18.4B | $22.8B | ||
| Q4 24 | $18.0B | $22.7B | ||
| Q3 24 | $18.2B | $21.9B | ||
| Q2 24 | $17.8B | $21.3B | ||
| Q1 24 | $15.5B | $20.8B |
负债/权益比IRTRGP
| Q4 25 | 0.47× | 5.43× | ||
| Q3 25 | 0.47× | 6.19× | ||
| Q2 25 | 0.47× | 6.21× | ||
| Q1 25 | 0.45× | 6.34× | ||
| Q4 24 | 0.47× | 5.32× | ||
| Q3 24 | 0.47× | 5.28× | ||
| Q2 24 | 0.48× | 5.25× | ||
| Q1 24 | 0.27× | 4.63× |
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 | $499.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $461.5M | $542.3M |
| 自由现金流率自由现金流/营收 | 22.1% | 13.4% |
| 资本支出强度资本支出/营收 | 1.8% | 23.8% |
| 现金转化率经营现金流/净利润 | 1.88× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $584.1M |
8季度趋势，按日历期对齐
经营现金流IRTRGP
| Q4 25 | $499.0M | $1.5B | ||
| Q3 25 | $354.6M | $599.2M | ||
| Q2 25 | $245.7M | $858.3M | ||
| Q1 25 | $256.4M | $954.4M | ||
| Q4 24 | $526.2M | $1.3B | ||
| Q3 24 | $404.0M | $540.9M | ||
| Q2 24 | $304.9M | $904.5M | ||
| Q1 24 | $161.6M | $876.4M |
自由现金流IRTRGP
| Q4 25 | $461.5M | $542.3M | ||
| Q3 25 | $325.5M | $-72.6M | ||
| Q2 25 | $210.4M | $-47.8M | ||
| Q1 25 | $222.7M | $162.2M | ||
| Q4 24 | $490.9M | $601.0M | ||
| Q3 24 | $374.3M | $-287.9M | ||
| Q2 24 | $283.1M | $164.2M | ||
| Q1 24 | $99.3M | $206.6M |
自由现金流率IRTRGP
| Q4 25 | 22.1% | 13.4% | ||
| Q3 25 | 16.6% | -1.7% | ||
| Q2 25 | 11.1% | -1.1% | ||
| Q1 25 | 13.0% | 3.6% | ||
| Q4 24 | 25.9% | 13.6% | ||
| Q3 24 | 20.1% | -7.5% | ||
| Q2 24 | 15.7% | 5.4% | ||
| Q1 24 | 5.9% | 5.2% |
资本支出强度IRTRGP
| Q4 25 | 1.8% | 23.8% | ||
| Q3 25 | 1.5% | 16.2% | ||
| Q2 25 | 1.9% | 21.3% | ||
| Q1 25 | 2.0% | 17.4% | ||
| Q4 24 | 1.9% | 16.5% | ||
| Q3 24 | 1.6% | 21.5% | ||
| Q2 24 | 1.2% | 24.3% | ||
| Q1 24 | 3.7% | 16.8% |
现金转化率IRTRGP
| Q4 25 | 1.88× | 2.76× | ||
| Q3 25 | 1.45× | 1.25× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | 1.37× | 3.53× | ||
| Q4 24 | 2.29× | 3.78× | ||
| Q3 24 | 1.82× | 1.40× | ||
| Q2 24 | 1.65× | 3.03× | ||
| Q1 24 | 0.80× | 3.18× |
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
IR
| Transferred At Point In Time | $1.5B | 71% |
| Transferred Over Time | $193.0M | 9% |
| Precision And Science Technologies Segment | $183.1M | 9% |
| Acquisitions In2024 | $175.6M | 8% |
| Acquisitions In2025 | $70.8M | 3% |
TRGP
| Logistics And Transportation | $3.4B | 83% |
| Natural Gas Reserves | $393.1M | 10% |
| Storage Terminaling And Export | $130.9M | 3% |
| Oil And Condensate | $112.0M | 3% |
| NGL Transportation Fractionation And Services | $64.7M | 2% |
