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MDU RESOURCES GROUP INC（MDU）与WORTHINGTON ENTERPRISES, INC.（WOR）财务数据对比。点击上方公司名可切换其他公司
MDU RESOURCES GROUP INC的季度营收约是WORTHINGTON ENTERPRISES, INC.的1.6倍（$522.6M vs $327.5M），MDU RESOURCES GROUP INC净利率更高（14.6% vs 8.3%，领先6.3%），WORTHINGTON ENTERPRISES, INC.同比增速更快（19.5% vs -1.6%），WORTHINGTON ENTERPRISES, INC.自由现金流更多（$39.1M vs $-336.0M）
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。
沃辛顿实业是一家总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑产品两大业务板块，设计生产丙烷、氧气、氦气压力容器，制冷及工业气瓶，露营与家用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等多元化产品。
MDU vs WOR — 直观对比
营收规模更大
MDU
是对方的1.6倍
$327.5M
营收增速更快
WOR
高出21.1%
-1.6%
净利率更高
MDU
高出6.3%
8.3%
自由现金流更多
WOR
多$375.1M
$-336.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $522.6M | $327.5M |
| 净利润 | $76.3M | $27.3M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 20.5% | 3.7% |
| 净利率 | 14.6% | 8.3% |
| 营收同比 | -1.6% | 19.5% |
| 净利润同比 | 38.4% | -3.3% |
| 每股收益（稀释后） | $0.37 | $0.55 |
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MDUWOR
| Q4 25 | $522.6M | $327.5M | ||
| Q3 25 | $313.6M | $303.7M | ||
| Q2 25 | $348.7M | — | ||
| Q1 25 | $678.0M | — | ||
| Q4 24 | $531.0M | — | ||
| Q3 24 | $290.7M | — | ||
| Q2 24 | $343.1M | — | ||
| Q1 24 | $588.2M | — |
净利润MDUWOR
| Q4 25 | $76.3M | $27.3M | ||
| Q3 25 | $18.3M | $35.1M | ||
| Q2 25 | $13.8M | — | ||
| Q1 25 | $82.0M | — | ||
| Q4 24 | $55.2M | — | ||
| Q3 24 | $64.6M | — | ||
| Q2 24 | $60.4M | — | ||
| Q1 24 | $100.9M | — |
毛利率MDUWOR
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率MDUWOR
| Q4 25 | 20.5% | 3.7% | ||
| Q3 25 | 12.7% | 3.0% | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 16.4% | — |
净利率MDUWOR
| Q4 25 | 14.6% | 8.3% | ||
| Q3 25 | 5.8% | 11.6% | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 17.2% | — |
每股收益（稀释后）MDUWOR
| Q4 25 | $0.37 | $0.55 | ||
| Q3 25 | $0.09 | $0.70 | ||
| Q2 25 | $0.07 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $0.49 | — |
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 | $180.3M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.8B | $962.6M |
| 总资产 | $7.6B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.97× | — |
8季度趋势，按日历期对齐
现金及短期投资MDUWOR
| Q4 25 | $28.2M | $180.3M | ||
| Q3 25 | $75.9M | $167.1M | ||
| Q2 25 | $58.8M | — | ||
| Q1 25 | $59.5M | — | ||
| Q4 24 | $66.9M | — | ||
| Q3 24 | $88.3M | — | ||
| Q2 24 | $78.8M | — | ||
| Q1 24 | $72.7M | — |
总债务MDUWOR
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益MDUWOR
| Q4 25 | $2.8B | $962.6M | ||
| Q3 25 | $2.7B | $959.1M | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
总资产MDUWOR
| Q4 25 | $7.6B | $1.8B | ||
| Q3 25 | $7.2B | $1.7B | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $8.2B | — | ||
| Q2 24 | $8.0B | — | ||
| Q1 24 | $7.8B | — |
负债/权益比MDUWOR
| Q4 25 | 0.97× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 0.76× | — |
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 | $51.5M |
| 自由现金流经营现金流 - 资本支出 | $-336.0M | $39.1M |
| 自由现金流率自由现金流/营收 | -64.3% | 11.9% |
| 资本支出强度资本支出/营收 | 79.7% | 3.8% |
| 现金转化率经营现金流/净利润 | 1.06× | 1.89× |
| 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MDUWOR
| Q4 25 | $80.6M | $51.5M | ||
| Q3 25 | $57.9M | $41.1M | ||
| Q2 25 | $117.4M | — | ||
| Q1 25 | $217.5M | — | ||
| Q4 24 | $60.5M | — | ||
| Q3 24 | $140.2M | — | ||
| Q2 24 | $136.5M | — | ||
| Q1 24 | $165.1M | — |
自由现金流MDUWOR
| Q4 25 | $-336.0M | $39.1M | ||
| Q3 25 | $-121.9M | $27.9M | ||
| 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MDUWOR
| Q4 25 | -64.3% | 11.9% | ||
| Q3 25 | -38.9% | 9.2% | ||
| 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MDUWOR
| Q4 25 | 79.7% | 3.8% | ||
| Q3 25 | 57.3% | 4.3% | ||
| 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MDUWOR
| Q4 25 | 1.06× | 1.89× | ||
| Q3 25 | 3.16× | 1.17× | ||
| Q2 25 | 8.52× | — | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 2.17× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 1.64× | — |
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% |
WOR
| Building Products | $207.5M | 63% |
| Equity Method Investment Nonconsolidated Investee Other | $120.7M | 37% |
