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Karman Holdings Inc.（KRMN）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Ranger Energy Services, Inc.的季度营收约是Karman Holdings Inc.的1.1倍（$142.2M vs $134.5M），Karman Holdings Inc.净利率更高（5.7% vs 2.3%，领先3.5%），Karman Holdings Inc.同比增速更快（47.4% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $4.0M），过去两年Karman Holdings Inc.的营收复合增速更高（27.3% vs 1.9%）
Karman Holdings是一家美国航天与防务系统制造商，总部位于加利福尼亚州亨廷顿海滩，当前估值约40亿美元，近期已完成首次公开发行，专注为航天及国防领域提供相关系统产品及配套服务。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
KRMN vs RNGR — 直观对比
营收规模更大
RNGR
是对方的1.1倍
$134.5M
营收增速更快
KRMN
高出48.0%
-0.6%
净利率更高
KRMN
高出3.5%
2.3%
自由现金流更多
RNGR
多$13.1M
$4.0M
两年增速更快
KRMN
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.5M | $142.2M |
| 净利润 | $7.7M | $3.2M |
| 毛利率 | 39.9% | — |
| 营业利润率 | 15.7% | 2.3% |
| 净利率 | 5.7% | 2.3% |
| 营收同比 | 47.4% | -0.6% |
| 净利润同比 | 358.3% | -44.8% |
| 每股收益（稀释后） | $0.06 | $0.14 |
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KRMNRNGR
| Q4 25 | $134.5M | $142.2M | ||
| Q3 25 | $121.8M | $128.9M | ||
| Q2 25 | $115.1M | $140.6M | ||
| Q1 25 | $100.1M | $135.2M | ||
| Q4 24 | $91.2M | $143.1M | ||
| Q3 24 | $86.0M | $153.0M | ||
| Q2 24 | $85.0M | $138.1M | ||
| Q1 24 | $83.0M | $136.9M |
净利润KRMNRNGR
| Q4 25 | $7.7M | $3.2M | ||
| Q3 25 | $7.6M | $1.2M | ||
| Q2 25 | $6.8M | $7.3M | ||
| Q1 25 | $-4.8M | $600.0K | ||
| Q4 24 | $1.7M | $5.8M | ||
| Q3 24 | $4.3M | $8.7M | ||
| Q2 24 | $4.6M | $4.7M | ||
| Q1 24 | $2.1M | $-800.0K |
毛利率KRMNRNGR
| Q4 25 | 39.9% | — | ||
| Q3 25 | 41.0% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 40.7% | — | ||
| Q1 24 | 34.9% | — |
营业利润率KRMNRNGR
| Q4 25 | 15.7% | 2.3% | ||
| Q3 25 | 17.9% | 2.0% | ||
| Q2 25 | 17.5% | 6.1% | ||
| Q1 25 | 10.0% | 0.7% | ||
| Q4 24 | 15.8% | 6.2% | ||
| Q3 24 | 20.2% | 8.4% | ||
| Q2 24 | 21.5% | 5.3% | ||
| Q1 24 | 16.3% | -0.4% |
净利率KRMNRNGR
| Q4 25 | 5.7% | 2.3% | ||
| Q3 25 | 6.3% | 0.9% | ||
| Q2 25 | 5.9% | 5.2% | ||
| Q1 25 | -4.8% | 0.4% | ||
| Q4 24 | 1.8% | 4.1% | ||
| Q3 24 | 5.0% | 5.7% | ||
| Q2 24 | 5.4% | 3.4% | ||
| Q1 24 | 2.6% | -0.6% |
每股收益（稀释后）KRMNRNGR
| Q4 25 | $0.06 | $0.14 | ||
| Q3 25 | $0.06 | $0.05 | ||
| Q2 25 | $0.05 | $0.32 | ||
| Q1 25 | $-0.04 | $0.03 | ||
| Q4 24 | $0.01 | $0.24 | ||
| Q3 24 | $0.03 | $0.39 | ||
| Q2 24 | $0.03 | $0.21 | ||
| Q1 24 | $0.01 | $-0.03 |
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 | $34.0M | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $382.7M | $300.1M |
| 总资产 | $1.1B | $419.3M |
| 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KRMNRNGR
| Q4 25 | $34.0M | $10.3M | ||
| Q3 25 | $18.7M | $45.2M | ||
| Q2 25 | $27.4M | $48.9M | ||
| Q1 25 | $113.7M | $40.3M | ||
| Q4 24 | $11.5M | $40.9M | ||
| Q3 24 | — | $14.8M | ||
| Q2 24 | — | $8.7M | ||
| Q1 24 | — | $11.1M |
总债务KRMNRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益KRMNRNGR
| Q4 25 | $382.7M | $300.1M | ||
| Q3 25 | $369.1M | $270.0M | ||
| Q2 25 | $361.5M | $276.9M | ||
| Q1 25 | $348.9M | $272.6M | ||
| Q4 24 | $196.0M | $273.8M | ||
| Q3 24 | $194.1M | $267.6M | ||
| Q2 24 | $189.6M | $260.5M | ||
| Q1 24 | $184.8M | $261.7M |
总资产KRMNRNGR
| Q4 25 | $1.1B | $419.3M | ||
| Q3 25 | $968.1M | $372.8M | ||
| Q2 25 | $953.9M | $381.7M | ||
| Q1 25 | $875.4M | $376.5M | ||
| Q4 24 | $774.0M | $381.6M | ||
| Q3 24 | — | $373.9M | ||
| Q2 24 | — | $359.6M | ||
| Q1 24 | — | $355.5M |
负债/权益比KRMNRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $8.7M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $4.0M | $17.1M |
| 自由现金流率自由现金流/营收 | 3.0% | 12.0% |
| 资本支出强度资本支出/营收 | 3.5% | 4.9% |
| 现金转化率经营现金流/净利润 | 1.13× | 7.53× |
| 过去12个月自由现金流最近4个季度 | $-42.5M | $42.9M |
8季度趋势，按日历期对齐
经营现金流KRMNRNGR
| Q4 25 | $8.7M | $24.1M | ||
| Q3 25 | $131.0K | $13.6M | ||
| Q2 25 | $-17.4M | $20.7M | ||
| Q1 25 | $-13.6M | $10.6M | ||
| Q4 24 | — | $32.7M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $22.1M | ||
| Q1 24 | $3.1M | $12.0M |
自由现金流KRMNRNGR
| Q4 25 | $4.0M | $17.1M | ||
| Q3 25 | $-6.8M | $8.0M | ||
| Q2 25 | $-21.0M | $14.4M | ||
| Q1 25 | $-18.6M | $3.4M | ||
| Q4 24 | — | $27.3M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | $1.5M | $5.5M |
自由现金流率KRMNRNGR
| Q4 25 | 3.0% | 12.0% | ||
| Q3 25 | -5.6% | 6.2% | ||
| Q2 25 | -18.2% | 10.2% | ||
| Q1 25 | -18.6% | 2.5% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | 1.8% | 4.0% |
资本支出强度KRMNRNGR
| Q4 25 | 3.5% | 4.9% | ||
| Q3 25 | 5.7% | 4.3% | ||
| Q2 25 | 3.2% | 4.5% | ||
| Q1 25 | 5.0% | 5.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | 1.9% | 4.7% |
现金转化率KRMNRNGR
| Q4 25 | 1.13× | 7.53× | ||
| Q3 25 | 0.02× | 11.33× | ||
| Q2 25 | -2.55× | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | 1.45× | — |
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
KRMN
| Tactical Missile And Integrated Defense Systems | $50.5M | 38% |
| Hypersonic And Strategic Missile Defense | $48.4M | 36% |
| Space And Launch | $35.7M | 27% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
