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MARA Holdings, Inc.（MARA）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
MARA Holdings, Inc.的季度营收约是Ranger Energy Services, Inc.的1.4倍（$202.3M vs $142.2M），Ranger Energy Services, Inc.净利率更高（2.3% vs -14298.3%，领先14300.5%），Ranger Energy Services, Inc.同比增速更快（-0.6% vs -5.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $-1.2B），过去两年MARA Holdings, Inc.的营收复合增速更高（10.7% vs 1.9%）
MARA Holdings, Inc.是一家美国数字资产技术及加密货币挖矿企业，总部位于佛罗里达州劳德代尔堡。公司成立于2010年，最初以专利控股公司的模式运营，2010年代后期转向专注于区块链基础设施与数字资产相关业务。
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。
MARA vs RNGR — 直观对比
营收规模更大
MARA
是对方的1.4倍
$142.2M
营收增速更快
RNGR
高出5.0%
-5.6%
净利率更高
RNGR
高出14300.5%
-14298.3%
自由现金流更多
RNGR
多$1.2B
$-1.2B
两年增速更快
MARA
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.3M | $142.2M |
| 净利润 | $-1.7B | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | -11795.9% | 2.3% |
| 净利率 | -14298.3% | 2.3% |
| 营收同比 | -5.6% | -0.6% |
| 净利润同比 | -423.5% | -44.8% |
| 每股收益（稀释后） | $-4.25 | $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MARARNGR
| Q4 25 | $202.3M | $142.2M | ||
| Q3 25 | $252.4M | $128.9M | ||
| Q2 25 | $238.5M | $140.6M | ||
| Q1 25 | $213.9M | $135.2M | ||
| Q4 24 | $214.4M | $143.1M | ||
| Q3 24 | $131.6M | $153.0M | ||
| Q2 24 | $145.1M | $138.1M | ||
| Q1 24 | $165.2M | $136.9M |
净利润MARARNGR
| Q4 25 | $-1.7B | $3.2M | ||
| Q3 25 | $123.1M | $1.2M | ||
| Q2 25 | $808.2M | $7.3M | ||
| Q1 25 | $-533.4M | $600.0K | ||
| Q4 24 | $528.5M | $5.8M | ||
| Q3 24 | $-124.8M | $8.7M | ||
| Q2 24 | $-199.7M | $4.7M | ||
| Q1 24 | $337.2M | $-800.0K |
毛利率MARARNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2613.4% | — | ||
| Q3 24 | -1065.0% | — | ||
| Q2 24 | -587.6% | — | ||
| Q1 24 | -289.4% | — |
营业利润率MARARNGR
| Q4 25 | -11795.9% | 2.3% | ||
| Q3 25 | 18.9% | 2.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | -253.0% | 0.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | -130.8% | 8.4% | ||
| Q2 24 | -160.1% | 5.3% | ||
| Q1 24 | — | -0.4% |
净利率MARARNGR
| Q4 25 | -14298.3% | 2.3% | ||
| Q3 25 | 48.8% | 0.9% | ||
| Q2 25 | 338.9% | 5.2% | ||
| Q1 25 | -249.4% | 0.4% | ||
| Q4 24 | 5367.4% | 4.1% | ||
| Q3 24 | -94.8% | 5.7% | ||
| Q2 24 | -137.6% | 3.4% | ||
| Q1 24 | 204.1% | -0.6% |
每股收益（稀释后）MARARNGR
| Q4 25 | $-4.25 | $0.14 | ||
| Q3 25 | $0.27 | $0.05 | ||
| Q2 25 | $1.84 | $0.32 | ||
| Q1 25 | $-1.55 | $0.03 | ||
| Q4 24 | $1.60 | $0.24 | ||
| Q3 24 | $-0.42 | $0.39 | ||
| Q2 24 | $-0.72 | $0.21 | ||
| Q1 24 | $1.26 | $-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 | $547.1M | $10.3M |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $3.5B | $300.1M |
| 总资产 | $7.3B | $419.3M |
| 负债/权益比越低杠杆越低 | 1.04× | — |
8季度趋势，按日历期对齐
现金及短期投资MARARNGR
| Q4 25 | $547.1M | $10.3M | ||
| Q3 25 | $826.4M | $45.2M | ||
| Q2 25 | $109.5M | $48.9M | ||
| Q1 25 | $196.2M | $40.3M | ||
| Q4 24 | $391.8M | $40.9M | ||
| Q3 24 | $164.3M | $14.8M | ||
| Q2 24 | $256.0M | $8.7M | ||
| Q1 24 | $324.3M | $11.1M |
总债务MARARNGR
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | $0 | ||
| Q3 24 | $618.7M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益MARARNGR
| Q4 25 | $3.5B | $300.1M | ||
| Q3 25 | $5.2B | $270.0M | ||
| Q2 25 | $4.8B | $276.9M | ||
| Q1 25 | $3.7B | $272.6M | ||
| Q4 24 | $4.1B | $273.8M | ||
| Q3 24 | $2.9B | $267.6M | ||
| Q2 24 | $2.6B | $260.5M | ||
| Q1 24 | $2.5B | $261.7M |
总资产MARARNGR
| Q4 25 | $7.3B | $419.3M | ||
| Q3 25 | $9.2B | $372.8M | ||
| Q2 25 | $7.7B | $381.7M | ||
| Q1 25 | $6.4B | $376.5M | ||
| Q4 24 | $6.8B | $381.6M | ||
| Q3 24 | $3.6B | $373.9M | ||
| Q2 24 | $3.1B | $359.6M | ||
| Q1 24 | $3.0B | $355.5M |
负债/权益比MARARNGR
| Q4 25 | 1.04× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.62× | — | ||
| Q4 24 | 0.59× | 0.00× | ||
| Q3 24 | 0.22× | 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 | $-802.7M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $17.1M |
| 自由现金流率自由现金流/营收 | -598.0% | 12.0% |
| 资本支出强度资本支出/营收 | 201.2% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $-2.0B | $42.9M |
8季度趋势，按日历期对齐
经营现金流MARARNGR
| Q4 25 | $-802.7M | $24.1M | ||
| Q3 25 | $-199.0M | $13.6M | ||
| Q2 25 | $-163.4M | $20.7M | ||
| Q1 25 | $-215.5M | $10.6M | ||
| Q4 24 | $-677.0M | $32.7M | ||
| Q3 24 | $-160.1M | $17.7M | ||
| Q2 24 | $-115.2M | $22.1M | ||
| Q1 24 | $-88.3M | $12.0M |
自由现金流MARARNGR
| Q4 25 | $-1.2B | $17.1M | ||
| Q3 25 | $-283.9M | $8.0M | ||
| Q2 25 | $-282.4M | $14.4M | ||
| Q1 25 | $-254.3M | $3.4M | ||
| Q4 24 | $-927.8M | $27.3M | ||
| Q3 24 | $-198.1M | $10.8M | ||
| Q2 24 | $-132.4M | $6.8M | ||
| Q1 24 | $-97.4M | $5.5M |
自由现金流率MARARNGR
| Q4 25 | -598.0% | 12.0% | ||
| Q3 25 | -112.5% | 6.2% | ||
| Q2 25 | -118.4% | 10.2% | ||
| Q1 25 | -118.9% | 2.5% | ||
| Q4 24 | -432.8% | 19.1% | ||
| Q3 24 | -150.5% | 7.1% | ||
| Q2 24 | -91.2% | 4.9% | ||
| Q1 24 | -59.0% | 4.0% |
资本支出强度MARARNGR
| Q4 25 | 201.2% | 4.9% | ||
| Q3 25 | 33.6% | 4.3% | ||
| Q2 25 | 49.9% | 4.5% | ||
| Q1 25 | 18.2% | 5.3% | ||
| Q4 24 | 117.0% | 3.8% | ||
| Q3 24 | 28.9% | 4.5% | ||
| Q2 24 | 11.9% | 11.1% | ||
| Q1 24 | 5.5% | 4.7% |
现金转化率MARARNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | -1.62× | 11.33× | ||
| Q2 25 | -0.20× | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | -1.28× | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | -0.26× | — |
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
MARA
暂无分部数据
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
