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Kinetik Holdings Inc.（KNTK）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Kinetik Holdings Inc.的1.1倍（$461.6M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs 14.6%，领先82.2%），RBC Bearings INC同比增速更快（17.0% vs 11.6%），RBC Bearings INC自由现金流更多（$99.1M vs $-24.0M），过去两年Kinetik Holdings Inc.的营收复合增速更高（12.3% vs 5.6%）
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
KNTK vs RBC — 直观对比
营收规模更大
RBC
是对方的1.1倍
$430.4M
营收增速更快
RBC
高出5.4%
11.6%
净利率更高
KNTK
高出82.2%
14.6%
自由现金流更多
RBC
多$123.1M
$-24.0M
两年增速更快
KNTK
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $461.6M |
| 净利润 | $416.7M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 11.2% | 22.3% |
| 净利率 | 96.8% | 14.6% |
| 营收同比 | 11.6% | 17.0% |
| 净利润同比 | 2468.4% | 16.4% |
| 每股收益（稀释后） | $2.22 | $2.13 |
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KNTKRBC
| Q4 25 | $430.4M | $461.6M | ||
| Q3 25 | $464.0M | $455.3M | ||
| Q2 25 | $426.7M | $436.0M | ||
| Q1 25 | $443.3M | $437.7M | ||
| Q4 24 | $385.7M | $394.4M | ||
| Q3 24 | $396.4M | $397.9M | ||
| Q2 24 | $359.5M | $406.3M | ||
| Q1 24 | $341.4M | $413.7M |
净利润KNTKRBC
| Q4 25 | $416.7M | $67.4M | ||
| Q3 25 | $5.3M | $60.0M | ||
| Q2 25 | $23.6M | $68.5M | ||
| Q1 25 | $19.3M | $72.7M | ||
| Q4 24 | $16.2M | $57.9M | ||
| Q3 24 | $25.8M | $54.2M | ||
| Q2 24 | $37.2M | $61.4M | ||
| Q1 24 | $233.6M | — |
毛利率KNTKRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率KNTKRBC
| Q4 25 | 11.2% | 22.3% | ||
| Q3 25 | 4.3% | 21.5% | ||
| Q2 25 | 18.2% | 23.2% | ||
| Q1 25 | 4.3% | 23.0% | ||
| Q4 24 | 6.1% | 21.7% | ||
| Q3 24 | 18.4% | 21.6% | ||
| Q2 24 | 15.7% | 24.0% | ||
| Q1 24 | 7.6% | 22.8% |
净利率KNTKRBC
| Q4 25 | 96.8% | 14.6% | ||
| Q3 25 | 1.1% | 13.2% | ||
| Q2 25 | 5.5% | 15.7% | ||
| Q1 25 | 4.3% | 16.6% | ||
| Q4 24 | 4.2% | 14.7% | ||
| Q3 24 | 6.5% | 13.6% | ||
| Q2 24 | 10.3% | 15.1% | ||
| Q1 24 | 68.4% | — |
每股收益（稀释后）KNTKRBC
| Q4 25 | $2.22 | $2.13 | ||
| Q3 25 | $0.03 | $1.90 | ||
| Q2 25 | $0.33 | $2.17 | ||
| Q1 25 | $0.05 | $2.33 | ||
| Q4 24 | $0.01 | $1.82 | ||
| Q3 24 | $0.35 | $1.65 | ||
| Q2 24 | $0.54 | $1.90 | ||
| Q1 24 | $0.12 | $1.92 |
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 | $4.0M | $107.6M |
| 总债务越低越好 | $3.6B | $990.2M |
| 股东权益账面价值 | $-565.4M | $3.3B |
| 总资产 | $7.1B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资KNTKRBC
| Q4 25 | $4.0M | $107.6M | ||
| Q3 25 | $7.7M | $91.2M | ||
| Q2 25 | $10.7M | $132.9M | ||
| Q1 25 | $8.8M | $36.8M | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $20.4M | — | ||
| Q2 24 | $12.5M | $76.8M | ||
| Q1 24 | $9.8M | $63.5M |
总债务KNTKRBC
| Q4 25 | $3.6B | $990.2M | ||
| Q3 25 | $4.0B | $1.1B | ||
| Q2 25 | $3.7B | $915.6M | ||
| Q1 25 | $3.6B | $920.1M | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.5B | $1.2B |
股东权益KNTKRBC
| Q4 25 | $-565.4M | $3.3B | ||
| Q3 25 | $-1.8B | $3.2B | ||
| Q2 25 | $-1.6B | $3.1B | ||
| Q1 25 | $-2.5B | $3.0B | ||
| Q4 24 | $-3.0B | $2.9B | ||
| Q3 24 | $-1.7B | $2.9B | ||
| Q2 24 | $-1.2B | $2.8B | ||
| Q1 24 | $-973.4M | $2.8B |
总资产KNTKRBC
| Q4 25 | $7.1B | $5.1B | ||
| Q3 25 | $7.2B | $5.1B | ||
| Q2 25 | $7.2B | $4.8B | ||
| Q1 25 | $7.0B | $4.7B | ||
| Q4 24 | $6.8B | $4.7B | ||
| Q3 24 | $6.9B | $4.7B | ||
| Q2 24 | $6.9B | $4.7B | ||
| Q1 24 | $6.4B | $4.7B |
负债/权益比KNTKRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $110.1M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-24.0M | $99.1M |
| 自由现金流率自由现金流/营收 | -5.6% | 21.5% |
| 资本支出强度资本支出/营收 | 31.2% | 5.0% |
| 现金转化率经营现金流/净利润 | 0.26× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $111.6M | — |
8季度趋势，按日历期对齐
经营现金流KNTKRBC
| Q4 25 | $110.1M | $122.1M | ||
| Q3 25 | $188.1M | $88.4M | ||
| Q2 25 | $129.1M | $120.0M | ||
| Q1 25 | $176.8M | — | ||
| Q4 24 | $144.0M | $84.0M | ||
| Q3 24 | $214.1M | — | ||
| Q2 24 | $125.5M | $97.4M | ||
| Q1 24 | $153.7M | — |
自由现金流KNTKRBC
| Q4 25 | $-24.0M | $99.1M | ||
| Q3 25 | $31.6M | $71.7M | ||
| Q2 25 | $1.8M | $104.3M | ||
| Q1 25 | $102.3M | — | ||
| Q4 24 | $36.3M | $73.6M | ||
| Q3 24 | $155.7M | — | ||
| Q2 24 | $86.1M | $88.4M | ||
| Q1 24 | $95.7M | — |
自由现金流率KNTKRBC
| Q4 25 | -5.6% | 21.5% | ||
| Q3 25 | 6.8% | 15.7% | ||
| Q2 25 | 0.4% | 23.9% | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 9.4% | 18.7% | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 24.0% | 21.8% | ||
| Q1 24 | 28.0% | — |
资本支出强度KNTKRBC
| Q4 25 | 31.2% | 5.0% | ||
| Q3 25 | 33.7% | 3.7% | ||
| Q2 25 | 29.8% | 3.6% | ||
| Q1 25 | 16.8% | 3.2% | ||
| Q4 24 | 27.9% | 2.6% | ||
| Q3 24 | 14.7% | 4.1% | ||
| Q2 24 | 11.0% | 2.2% | ||
| Q1 24 | 17.0% | — |
现金转化率KNTKRBC
| Q4 25 | 0.26× | 1.81× | ||
| Q3 25 | 35.73× | 1.47× | ||
| Q2 25 | 5.46× | 1.75× | ||
| Q1 25 | 9.18× | — | ||
| Q4 24 | 8.88× | 1.45× | ||
| Q3 24 | 8.31× | — | ||
| Q2 24 | 3.37× | 1.59× | ||
| Q1 24 | 0.66× | — |
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
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
