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Kinetik Holdings Inc.（KNTK）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是Kinetik Holdings Inc.的1.4倍（$622.0M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs 34.4%，领先62.4%），Kinetik Holdings Inc.同比增速更快（11.6% vs 4.8%），过去两年Kinetik Holdings Inc.的营收复合增速更高（12.3% vs 4.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
KNTK vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.4倍
$430.4M
营收增速更快
KNTK
高出6.8%
4.8%
净利率更高
KNTK
高出62.4%
34.4%
两年增速更快
KNTK
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $622.0M |
| 净利润 | $416.7M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 11.2% | 62.4% |
| 净利率 | 96.8% | 34.4% |
| 营收同比 | 11.6% | 4.8% |
| 净利润同比 | 2468.4% | 2.9% |
| 每股收益（稀释后） | $2.22 | $0.49 |
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KNTKRPRX
| Q4 25 | $430.4M | $622.0M | ||
| Q3 25 | $464.0M | $609.3M | ||
| Q2 25 | $426.7M | $578.7M | ||
| Q1 25 | $443.3M | $568.2M | ||
| Q4 24 | $385.7M | $593.6M | ||
| Q3 24 | $396.4M | $564.7M | ||
| Q2 24 | $359.5M | $537.3M | ||
| Q1 24 | $341.4M | $568.0M |
净利润KNTKRPRX
| Q4 25 | $416.7M | $214.2M | ||
| Q3 25 | $5.3M | $288.2M | ||
| Q2 25 | $23.6M | $30.2M | ||
| Q1 25 | $19.3M | $238.3M | ||
| Q4 24 | $16.2M | $208.2M | ||
| Q3 24 | $25.8M | $544.0M | ||
| Q2 24 | $37.2M | $102.0M | ||
| Q1 24 | $233.6M | $4.8M |
营业利润率KNTKRPRX
| Q4 25 | 11.2% | 62.4% | ||
| Q3 25 | 4.3% | 70.1% | ||
| Q2 25 | 18.2% | 36.3% | ||
| Q1 25 | 4.3% | 94.0% | ||
| Q4 24 | 6.1% | 60.9% | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 15.7% | 50.2% | ||
| Q1 24 | 7.6% | -13.0% |
净利率KNTKRPRX
| Q4 25 | 96.8% | 34.4% | ||
| Q3 25 | 1.1% | 47.3% | ||
| Q2 25 | 5.5% | 5.2% | ||
| Q1 25 | 4.3% | 41.9% | ||
| Q4 24 | 4.2% | 35.1% | ||
| Q3 24 | 6.5% | 96.3% | ||
| Q2 24 | 10.3% | 19.0% | ||
| Q1 24 | 68.4% | 0.8% |
每股收益（稀释后）KNTKRPRX
| Q4 25 | $2.22 | $0.49 | ||
| Q3 25 | $0.03 | $0.67 | ||
| Q2 25 | $0.33 | $0.07 | ||
| Q1 25 | $0.05 | $0.55 | ||
| Q4 24 | $0.01 | $0.46 | ||
| Q3 24 | $0.35 | $1.21 | ||
| Q2 24 | $0.54 | $0.23 | ||
| Q1 24 | $0.12 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $3.6B | $9.0B |
| 股东权益账面价值 | $-565.4M | $9.7B |
| 总资产 | $7.1B | $19.6B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资KNTKRPRX
| Q4 25 | $4.0M | $618.7M | ||
| Q3 25 | $7.7M | $938.9M | ||
| Q2 25 | $10.7M | $631.9M | ||
| Q1 25 | $8.8M | $1.1B | ||
| Q4 24 | $3.6M | $929.0M | ||
| Q3 24 | $20.4M | $950.1M | ||
| Q2 24 | $12.5M | $1.8B | ||
| Q1 24 | $9.8M | $843.0M |
总债务KNTKRPRX
| Q4 25 | $3.6B | $9.0B | ||
| Q3 25 | $4.0B | $8.9B | ||
| Q2 25 | $3.7B | $8.0B | ||
| Q1 25 | $3.6B | $7.6B | ||
| Q4 24 | $3.4B | $7.6B | ||
| Q3 24 | $3.3B | $7.6B | ||
| Q2 24 | $3.3B | $7.6B | ||
| Q1 24 | $3.5B | $6.1B |
股东权益KNTKRPRX
| Q4 25 | $-565.4M | $9.7B | ||
| Q3 25 | $-1.8B | $9.6B | ||
| Q2 25 | $-1.6B | $9.5B | ||
| Q1 25 | $-2.5B | $9.8B | ||
| Q4 24 | $-3.0B | $10.3B | ||
| Q3 24 | $-1.7B | $10.3B | ||
| Q2 24 | $-1.2B | $9.8B | ||
| Q1 24 | $-973.4M | $9.9B |
总资产KNTKRPRX
| Q4 25 | $7.1B | $19.6B | ||
| Q3 25 | $7.2B | $19.3B | ||
| Q2 25 | $7.2B | $18.3B | ||
| Q1 25 | $7.0B | $17.6B | ||
| Q4 24 | $6.8B | $18.2B | ||
| Q3 24 | $6.9B | $18.0B | ||
| Q2 24 | $6.9B | $17.7B | ||
| Q1 24 | $6.4B | $16.1B |
负债/权益比KNTKRPRX
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| 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× | 3.86× |
| 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KNTKRPRX
| Q4 25 | $110.1M | $827.1M | ||
| Q3 25 | $188.1M | $702.6M | ||
| Q2 25 | $129.1M | $364.0M | ||
| Q1 25 | $176.8M | $596.1M | ||
| Q4 24 | $144.0M | $742.5M | ||
| Q3 24 | $214.1M | $703.6M | ||
| Q2 24 | $125.5M | $658.2M | ||
| Q1 24 | $153.7M | $664.6M |
自由现金流KNTKRPRX
| 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 | — | ||
| Q1 24 | $95.7M | — |
自由现金流率KNTKRPRX
| 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% | — | ||
| Q1 24 | 28.0% | — |
资本支出强度KNTKRPRX
| 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% | — | ||
| Q1 24 | 17.0% | — |
现金转化率KNTKRPRX
| Q4 25 | 0.26× | 3.86× | ||
| Q3 25 | 35.73× | 2.44× | ||
| Q2 25 | 5.46× | 12.06× | ||
| Q1 25 | 9.18× | 2.50× | ||
| Q4 24 | 8.88× | 3.57× | ||
| Q3 24 | 8.31× | 1.29× | ||
| Q2 24 | 3.37× | 6.45× | ||
| Q1 24 | 0.66× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
