vs
Kosmos Energy Ltd.（KOS）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是Kosmos Energy Ltd.的2.0倍（$586.5M vs $294.6M），罗塞塔石碑同比增速更快（73.0% vs -25.9%），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs -16.5%）
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
KOS vs STEP — 直观对比
营收规模更大
STEP
是对方的2.0倍
$294.6M
营收增速更快
STEP
高出98.9%
-25.9%
两年增速更快
STEP
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $294.6M | $586.5M |
| 净利润 | — | $-123.5M |
| 毛利率 | — | — |
| 营业利润率 | -125.7% | -33.2% |
| 净利率 | — | -21.0% |
| 营收同比 | -25.9% | 73.0% |
| 净利润同比 | — | 35.7% |
| 每股收益（稀释后） | $-0.80 | $-1.55 |
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KOSSTEP
| Q4 25 | $294.6M | $586.5M | ||
| Q3 25 | $311.0M | $454.2M | ||
| Q2 25 | $392.6M | $364.3M | ||
| Q1 25 | $290.1M | $377.7M | ||
| Q4 24 | $397.6M | $339.0M | ||
| Q3 24 | $407.8M | $271.7M | ||
| Q2 24 | $447.8M | $186.4M | ||
| Q1 24 | $422.3M | $356.8M |
净利润KOSSTEP
| Q4 25 | — | $-123.5M | ||
| Q3 25 | $-124.3M | $-366.1M | ||
| Q2 25 | $-87.7M | $-38.4M | ||
| Q1 25 | $-110.6M | $-18.5M | ||
| Q4 24 | — | $-192.0M | ||
| Q3 24 | $45.0M | $17.6M | ||
| Q2 24 | $59.8M | $13.3M | ||
| Q1 24 | $91.7M | $30.8M |
营业利润率KOSSTEP
| Q4 25 | -125.7% | -33.2% | ||
| Q3 25 | -34.2% | -148.8% | ||
| Q2 25 | -16.2% | -5.6% | ||
| Q1 25 | -32.4% | 2.6% | ||
| Q4 24 | -8.5% | -101.7% | ||
| Q3 24 | 26.1% | 21.3% | ||
| Q2 24 | 30.2% | 29.4% | ||
| Q1 24 | 33.6% | 26.5% |
净利率KOSSTEP
| Q4 25 | — | -21.0% | ||
| Q3 25 | -40.0% | -80.6% | ||
| Q2 25 | -22.3% | -10.5% | ||
| Q1 25 | -38.1% | -4.9% | ||
| Q4 24 | — | -56.6% | ||
| Q3 24 | 11.0% | 6.5% | ||
| Q2 24 | 13.3% | 7.2% | ||
| Q1 24 | 21.7% | 8.6% |
每股收益（稀释后）KOSSTEP
| Q4 25 | $-0.80 | $-1.55 | ||
| Q3 25 | $-0.26 | $-4.66 | ||
| Q2 25 | $-0.18 | $-0.49 | ||
| Q1 25 | $-0.23 | $-0.37 | ||
| Q4 24 | $0.00 | $-2.61 | ||
| Q3 24 | $0.09 | $0.26 | ||
| Q2 24 | $0.12 | $0.20 | ||
| Q1 24 | $0.19 | $0.47 |
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 | $91.5M | — |
| 总债务越低越好 | $3.1B | $270.2M |
| 股东权益账面价值 | $528.6M | $-378.8M |
| 总资产 | $4.7B | $5.2B |
| 负债/权益比越低杠杆越低 | 5.78× | — |
8季度趋势，按日历期对齐
现金及短期投资KOSSTEP
| Q4 25 | $91.5M | — | ||
| Q3 25 | $64.0M | — | ||
| Q2 25 | $51.7M | — | ||
| Q1 25 | $49.8M | — | ||
| Q4 24 | $85.0M | — | ||
| Q3 24 | $51.6M | — | ||
| Q2 24 | $173.8M | — | ||
| Q1 24 | $254.3M | — |
总债务KOSSTEP
| Q4 25 | $3.1B | $270.2M | ||
| Q3 25 | $3.0B | $269.9M | ||
| Q2 25 | $2.9B | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | $2.7B | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | — | $148.8M |
股东权益KOSSTEP
| Q4 25 | $528.6M | $-378.8M | ||
| Q3 25 | $898.8M | $-233.5M | ||
| Q2 25 | $1.0B | $153.9M | ||
| Q1 25 | $1.1B | $179.4M | ||
| Q4 24 | $1.2B | $209.8M | ||
| Q3 24 | $1.2B | $397.5M | ||
| Q2 24 | $1.1B | $366.9M | ||
| Q1 24 | $1.1B | $324.5M |
总资产KOSSTEP
| Q4 25 | $4.7B | $5.2B | ||
| Q3 25 | $5.1B | $5.3B | ||
| Q2 25 | $5.2B | $4.8B | ||
| Q1 25 | $5.3B | $4.6B | ||
| Q4 24 | $5.3B | $4.3B | ||
| Q3 24 | $5.5B | $4.0B | ||
| Q2 24 | $5.4B | $3.8B | ||
| Q1 24 | $5.4B | $3.8B |
负债/权益比KOSSTEP
| Q4 25 | 5.78× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 2.80× | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 2.29× | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.46× |
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 | $35.3M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | — | $26.7M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $18.6M |
8季度趋势，按日历期对齐
经营现金流KOSSTEP
| Q4 25 | $35.3M | $27.2M | ||
| Q3 25 | $-27.6M | $16.2M | ||
| Q2 25 | $127.2M | $46.3M | ||
| Q1 25 | $-888.0K | $-66.5M | ||
| Q4 24 | $175.7M | $27.6M | ||
| Q3 24 | $6.3M | $53.7M | ||
| Q2 24 | $223.7M | $50.2M | ||
| Q1 24 | $272.6M | $7.6M |
自由现金流KOSSTEP
| Q4 25 | — | $26.7M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | — | $45.2M | ||
| Q1 25 | — | $-69.2M | ||
| Q4 24 | — | $27.0M | ||
| Q3 24 | — | $52.4M | ||
| Q2 24 | — | $49.6M | ||
| Q1 24 | — | $6.7M |
自由现金流率KOSSTEP
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 26.6% | ||
| Q1 24 | — | 1.9% |
资本支出强度KOSSTEP
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率KOSSTEP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.14× | 3.05× | ||
| Q2 24 | 3.74× | 3.76× | ||
| Q1 24 | 2.97× | 0.25× |
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
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
