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MDU RESOURCES GROUP INC（MDU）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MDU RESOURCES GROUP INC的1.2倍（$622.0M vs $522.6M），Royalty Pharma plc净利率更高（34.4% vs 14.6%，领先19.8%），Royalty Pharma plc同比增速更快（4.8% vs -1.6%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% vs -5.7%）
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
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。
MDU vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.2倍
$522.6M
营收增速更快
RPRX
高出6.4%
-1.6%
净利率更高
RPRX
高出19.8%
14.6%
两年增速更快
RPRX
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $522.6M | $622.0M |
| 净利润 | $76.3M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 62.4% |
| 净利率 | 14.6% | 34.4% |
| 营收同比 | -1.6% | 4.8% |
| 净利润同比 | 38.4% | 2.9% |
| 每股收益（稀释后） | $0.37 | $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MDURPRX
| Q4 25 | $522.6M | $622.0M | ||
| Q3 25 | $313.6M | $609.3M | ||
| Q2 25 | $348.7M | $578.7M | ||
| Q1 25 | $678.0M | $568.2M | ||
| Q4 24 | $531.0M | $593.6M | ||
| Q3 24 | $290.7M | $564.7M | ||
| Q2 24 | $343.1M | $537.3M | ||
| Q1 24 | $588.2M | $568.0M |
净利润MDURPRX
| Q4 25 | $76.3M | $214.2M | ||
| Q3 25 | $18.3M | $288.2M | ||
| Q2 25 | $13.8M | $30.2M | ||
| Q1 25 | $82.0M | $238.3M | ||
| Q4 24 | $55.2M | $208.2M | ||
| Q3 24 | $64.6M | $544.0M | ||
| Q2 24 | $60.4M | $102.0M | ||
| Q1 24 | $100.9M | $4.8M |
营业利润率MDURPRX
| Q4 25 | 20.5% | 62.4% | ||
| Q3 25 | 12.7% | 70.1% | ||
| Q2 25 | 8.7% | 36.3% | ||
| Q1 25 | 16.6% | 94.0% | ||
| Q4 24 | 17.8% | 60.9% | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 11.5% | 50.2% | ||
| Q1 24 | 16.4% | -13.0% |
净利率MDURPRX
| Q4 25 | 14.6% | 34.4% | ||
| Q3 25 | 5.8% | 47.3% | ||
| Q2 25 | 4.0% | 5.2% | ||
| Q1 25 | 12.1% | 41.9% | ||
| Q4 24 | 10.4% | 35.1% | ||
| Q3 24 | 22.2% | 96.3% | ||
| Q2 24 | 17.6% | 19.0% | ||
| Q1 24 | 17.2% | 0.8% |
每股收益（稀释后）MDURPRX
| Q4 25 | $0.37 | $0.49 | ||
| Q3 25 | $0.09 | $0.67 | ||
| Q2 25 | $0.07 | $0.07 | ||
| Q1 25 | $0.40 | $0.55 | ||
| Q4 24 | $0.26 | $0.46 | ||
| Q3 24 | $0.32 | $1.21 | ||
| Q2 24 | $0.30 | $0.23 | ||
| Q1 24 | $0.49 | $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 | $28.2M | $618.7M |
| 总债务越低越好 | $2.7B | $9.0B |
| 股东权益账面价值 | $2.8B | $9.7B |
| 总资产 | $7.6B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.97× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资MDURPRX
| Q4 25 | $28.2M | $618.7M | ||
| Q3 25 | $75.9M | $938.9M | ||
| Q2 25 | $58.8M | $631.9M | ||
| Q1 25 | $59.5M | $1.1B | ||
| Q4 24 | $66.9M | $929.0M | ||
| Q3 24 | $88.3M | $950.1M | ||
| Q2 24 | $78.8M | $1.8B | ||
| Q1 24 | $72.7M | $843.0M |
总债务MDURPRX
| Q4 25 | $2.7B | $9.0B | ||
| Q3 25 | $2.4B | $8.9B | ||
| Q2 25 | $2.2B | $8.0B | ||
| Q1 25 | $2.2B | $7.6B | ||
| Q4 24 | $2.3B | $7.6B | ||
| Q3 24 | $2.3B | $7.6B | ||
| Q2 24 | $2.3B | $7.6B | ||
| Q1 24 | $2.3B | $6.1B |
股东权益MDURPRX
| Q4 25 | $2.8B | $9.7B | ||
| Q3 25 | $2.7B | $9.6B | ||
| Q2 25 | $2.7B | $9.5B | ||
| Q1 25 | $2.7B | $9.8B | ||
| Q4 24 | $2.7B | $10.3B | ||
| Q3 24 | $3.1B | $10.3B | ||
| Q2 24 | $3.0B | $9.8B | ||
| Q1 24 | $3.0B | $9.9B |
总资产MDURPRX
| Q4 25 | $7.6B | $19.6B | ||
| Q3 25 | $7.2B | $19.3B | ||
| Q2 25 | $6.9B | $18.3B | ||
| Q1 25 | $7.0B | $17.6B | ||
| Q4 24 | $7.0B | $18.2B | ||
| Q3 24 | $8.2B | $18.0B | ||
| Q2 24 | $8.0B | $17.7B | ||
| Q1 24 | $7.8B | $16.1B |
负债/权益比MDURPRX
| Q4 25 | 0.97× | 0.92× | ||
| Q3 25 | 0.86× | 0.93× | ||
| Q2 25 | 0.80× | 0.84× | ||
| Q1 25 | 0.80× | 0.78× | ||
| Q4 24 | 0.85× | 0.74× | ||
| Q3 24 | 0.76× | 0.74× | ||
| Q2 24 | 0.75× | 0.78× | ||
| Q1 24 | 0.76× | 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 | $80.6M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-336.0M | — |
| 自由现金流率自由现金流/营收 | -64.3% | — |
| 资本支出强度资本支出/营收 | 79.7% | — |
| 现金转化率经营现金流/净利润 | 1.06× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $-297.0M | — |
8季度趋势，按日历期对齐
经营现金流MDURPRX
| Q4 25 | $80.6M | $827.1M | ||
| Q3 25 | $57.9M | $702.6M | ||
| Q2 25 | $117.4M | $364.0M | ||
| Q1 25 | $217.5M | $596.1M | ||
| Q4 24 | $60.5M | $742.5M | ||
| Q3 24 | $140.2M | $703.6M | ||
| Q2 24 | $136.5M | $658.2M | ||
| Q1 24 | $165.1M | $664.6M |
自由现金流MDURPRX
| Q4 25 | $-336.0M | — | ||
| Q3 25 | $-121.9M | — | ||
| Q2 25 | $36.5M | — | ||
| Q1 25 | $124.4M | — | ||
| Q4 24 | $-95.8M | — | ||
| Q3 24 | $673.0K | — | ||
| Q2 24 | $26.5M | — | ||
| Q1 24 | $48.1M | — |
自由现金流率MDURPRX
| Q4 25 | -64.3% | — | ||
| Q3 25 | -38.9% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 18.4% | — | ||
| Q4 24 | -18.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 8.2% | — |
资本支出强度MDURPRX
| Q4 25 | 79.7% | — | ||
| Q3 25 | 57.3% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 48.0% | — | ||
| Q2 24 | 32.0% | — | ||
| Q1 24 | 19.9% | — |
现金转化率MDURPRX
| Q4 25 | 1.06× | 3.86× | ||
| Q3 25 | 3.16× | 2.44× | ||
| Q2 25 | 8.52× | 12.06× | ||
| Q1 25 | 2.65× | 2.50× | ||
| Q4 24 | 1.10× | 3.57× | ||
| Q3 24 | 2.17× | 1.29× | ||
| Q2 24 | 2.26× | 6.45× | ||
| Q1 24 | 1.64× | 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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
