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Kinetik Holdings Inc.（KNTK）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是Kinetik Holdings Inc.的1.9倍（$828.2M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs 13.2%，领先83.6%），Kinetik Holdings Inc.同比增速更快（11.6% vs -40.0%），过去两年Kinetik Holdings Inc.的营收复合增速更高（12.3% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
KNTK vs RITM — 直观对比
营收规模更大
RITM
是对方的1.9倍
$430.4M
营收增速更快
KNTK
高出51.6%
-40.0%
净利率更高
KNTK
高出83.6%
13.2%
两年增速更快
KNTK
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $828.2M |
| 净利润 | $416.7M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 11.2% | — |
| 净利率 | 96.8% | 13.2% |
| 营收同比 | 11.6% | -40.0% |
| 净利润同比 | 2468.4% | 20.9% |
| 每股收益（稀释后） | $2.22 | $0.12 |
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KNTKRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $430.4M | $1.5B | ||
| Q3 25 | $464.0M | $1.1B | ||
| Q2 25 | $426.7M | $1.2B | ||
| Q1 25 | $443.3M | $768.4M | ||
| Q4 24 | $385.7M | $2.1B | ||
| Q3 24 | $396.4M | $619.5M | ||
| Q2 24 | $359.5M | $1.2B |
净利润KNTKRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $416.7M | $85.0M | ||
| Q3 25 | $5.3M | $221.5M | ||
| Q2 25 | $23.6M | $311.7M | ||
| Q1 25 | $19.3M | $78.8M | ||
| Q4 24 | $16.2M | $290.2M | ||
| Q3 24 | $25.8M | $121.7M | ||
| Q2 24 | $37.2M | $235.6M |
营业利润率KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 13.8% | ||
| Q3 25 | 4.3% | 21.4% | ||
| Q2 25 | 18.2% | 25.2% | ||
| Q1 25 | 4.3% | 7.4% | ||
| Q4 24 | 6.1% | 23.8% | ||
| Q3 24 | 18.4% | 7.3% | ||
| Q2 24 | 15.7% | 23.6% |
净利率KNTKRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 96.8% | 5.7% | ||
| Q3 25 | 1.1% | 20.0% | ||
| Q2 25 | 5.5% | 25.6% | ||
| Q1 25 | 4.3% | 10.3% | ||
| Q4 24 | 4.2% | 14.0% | ||
| Q3 24 | 6.5% | 19.7% | ||
| Q2 24 | 10.3% | 19.2% |
每股收益（稀释后）KNTKRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $2.22 | $0.09 | ||
| Q3 25 | $0.03 | $0.35 | ||
| Q2 25 | $0.33 | $0.53 | ||
| Q1 25 | $0.05 | $0.07 | ||
| Q4 24 | $0.01 | $0.50 | ||
| Q3 24 | $0.35 | $0.20 | ||
| Q2 24 | $0.54 | $0.43 |
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 | — |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $-565.4M | $9.1B |
| 总资产 | $7.1B | $53.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $1.8B | ||
| Q3 25 | $7.7M | $1.6B | ||
| Q2 25 | $10.7M | $1.6B | ||
| Q1 25 | $8.8M | $1.5B | ||
| Q4 24 | $3.6M | $1.5B | ||
| Q3 24 | $20.4M | $1.6B | ||
| Q2 24 | $12.5M | $1.2B |
总债务KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $35.4B | ||
| Q3 25 | $4.0B | $32.2B | ||
| Q2 25 | $3.7B | $31.2B | ||
| Q1 25 | $3.6B | $32.2B | ||
| Q4 24 | $3.4B | $32.6B | ||
| Q3 24 | $3.3B | $29.6B | ||
| Q2 24 | $3.3B | $30.1B |
股东权益KNTKRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $-565.4M | $8.4B | ||
| Q3 25 | $-1.8B | $8.5B | ||
| Q2 25 | $-1.6B | $7.9B | ||
| Q1 25 | $-2.5B | $7.8B | ||
| Q4 24 | $-3.0B | $7.8B | ||
| Q3 24 | $-1.7B | $7.7B | ||
| Q2 24 | $-1.2B | $7.3B |
总资产KNTKRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $7.1B | $53.1B | ||
| Q3 25 | $7.2B | $47.2B | ||
| Q2 25 | $7.2B | $44.3B | ||
| Q1 25 | $7.0B | $45.3B | ||
| Q4 24 | $6.8B | $46.0B | ||
| Q3 24 | $6.9B | $42.3B | ||
| Q2 24 | $6.9B | $42.0B |
负债/权益比KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-24.0M | — |
| 自由现金流率自由现金流/营收 | -5.6% | — |
| 资本支出强度资本支出/营收 | 31.2% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 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KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | $110.1M | $-114.6M | ||
| Q3 25 | $188.1M | $-2.0B | ||
| Q2 25 | $129.1M | $-557.1M | ||
| Q1 25 | $176.8M | $1.4B | ||
| Q4 24 | $144.0M | $-1.8B | ||
| Q3 24 | $214.1M | $768.1M | ||
| Q2 24 | $125.5M | $-55.7M |
自由现金流KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | $-24.0M | — | ||
| Q3 25 | $31.6M | — | ||
| Q2 25 | $1.8M | — | ||
| Q1 25 | $102.3M | — | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $155.7M | — | ||
| Q2 24 | $86.1M | — |
自由现金流率KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 24.0% | — |
资本支出强度KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | 31.2% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 16.8% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | 11.0% | — |
现金转化率KNTKRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | -1.35× | ||
| Q3 25 | 35.73× | -9.22× | ||
| Q2 25 | 5.46× | -1.79× | ||
| Q1 25 | 9.18× | 18.03× | ||
| Q4 24 | 8.88× | -6.04× | ||
| Q3 24 | 8.31× | 6.31× | ||
| Q2 24 | 3.37× | -0.24× |
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
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
