vs
美世（MERC）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是美世的1.8倍（$786.9M vs $449.5M），RANGE RESOURCES CORP净利率更高（22.8% vs -68.7%，领先91.4%），RANGE RESOURCES CORP同比增速更快（18.0% vs -8.0%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% vs -9.9%）
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
MERC vs RRC — 直观对比
营收规模更大
RRC
是对方的1.8倍
$449.5M
营收增速更快
RRC
高出25.9%
-8.0%
净利率更高
RRC
高出91.4%
-68.7%
两年增速更快
RRC
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $449.5M | $786.9M |
| 净利润 | $-308.7M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | -62.0% | — |
| 净利率 | -68.7% | 22.8% |
| 营收同比 | -8.0% | 18.0% |
| 净利润同比 | -1947.7% | 88.8% |
| 每股收益（稀释后） | $-4.61 | $0.75 |
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MERCRRC
| Q4 25 | $449.5M | $786.9M | ||
| Q3 25 | $458.1M | $655.3M | ||
| Q2 25 | $453.5M | $699.6M | ||
| Q1 25 | $507.0M | $846.3M | ||
| Q4 24 | $488.4M | $667.0M | ||
| Q3 24 | $502.1M | $567.9M | ||
| Q2 24 | $499.4M | $513.2M | ||
| Q1 24 | $553.4M | $598.8M |
净利润MERCRRC
| Q4 25 | $-308.7M | $179.1M | ||
| Q3 25 | $-80.8M | $144.3M | ||
| Q2 25 | $-86.1M | $237.6M | ||
| Q1 25 | $-22.3M | $97.1M | ||
| Q4 24 | $16.7M | $94.8M | ||
| Q3 24 | $-17.6M | $50.7M | ||
| Q2 24 | $-67.6M | $28.7M | ||
| Q1 24 | $-16.7M | $92.1M |
毛利率MERCRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率MERCRRC
| Q4 25 | -62.0% | — | ||
| Q3 25 | -14.8% | — | ||
| Q2 25 | -12.9% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | -8.8% | — | ||
| Q1 24 | -0.1% | — |
净利率MERCRRC
| Q4 25 | -68.7% | 22.8% | ||
| Q3 25 | -17.6% | 22.0% | ||
| Q2 25 | -19.0% | 34.0% | ||
| Q1 25 | -4.4% | 11.5% | ||
| Q4 24 | 3.4% | 14.2% | ||
| Q3 24 | -3.5% | 8.9% | ||
| Q2 24 | -13.5% | 5.6% | ||
| Q1 24 | -3.0% | 15.4% |
每股收益（稀释后）MERCRRC
| Q4 25 | $-4.61 | $0.75 | ||
| Q3 25 | $-1.21 | $0.60 | ||
| Q2 25 | $-1.29 | $0.99 | ||
| Q1 25 | $-0.33 | $0.40 | ||
| Q4 24 | $0.25 | $0.38 | ||
| Q3 24 | $-0.26 | $0.21 | ||
| Q2 24 | $-1.01 | $0.12 | ||
| Q1 24 | $-0.25 | $0.38 |
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 | $186.8M | $204.0K |
| 总债务越低越好 | $1.6B | $1.2B |
| 股东权益账面价值 | $68.1M | $4.3B |
| 总资产 | $2.0B | $7.4B |
| 负债/权益比越低杠杆越低 | 23.58× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MERCRRC
| Q4 25 | $186.8M | $204.0K | ||
| Q3 25 | $98.1M | $175.0K | ||
| Q2 25 | $146.5M | $134.0K | ||
| Q1 25 | $181.5M | $344.6M | ||
| Q4 24 | $184.9M | $304.5M | ||
| Q3 24 | $239.0M | $277.4M | ||
| Q2 24 | $263.2M | $251.1M | ||
| Q1 24 | $274.3M | $343.1M |
总债务MERCRRC
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.6B | $1.8B |
股东权益MERCRRC
| Q4 25 | $68.1M | $4.3B | ||
| Q3 25 | $359.5M | $4.2B | ||
| Q2 25 | $446.5M | $4.1B | ||
| Q1 25 | $437.4M | $3.9B | ||
| Q4 24 | $429.8M | $3.9B | ||
| Q3 24 | $516.8M | $3.9B | ||
| Q2 24 | $487.7M | $3.9B | ||
| Q1 24 | $573.6M | $3.8B |
总资产MERCRRC
| Q4 25 | $2.0B | $7.4B | ||
| Q3 25 | $2.3B | $7.2B | ||
| Q2 25 | $2.4B | $7.1B | ||
| Q1 25 | $2.3B | $7.4B | ||
| Q4 24 | $2.3B | $7.3B | ||
| Q3 24 | $2.5B | $7.2B | ||
| Q2 24 | $2.5B | $7.3B | ||
| Q1 24 | $2.6B | $7.4B |
负债/权益比MERCRRC
| Q4 25 | 23.58× | 0.28× | ||
| Q3 25 | 4.30× | 0.29× | ||
| Q2 25 | 3.42× | 0.29× | ||
| Q1 25 | 3.44× | 0.43× | ||
| Q4 24 | 3.43× | 0.43× | ||
| Q3 24 | 3.09× | 0.44× | ||
| Q2 24 | 3.22× | 0.44× | ||
| Q1 24 | 2.82× | 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 | $46.2M | $257.5M |
| 自由现金流经营现金流 - 资本支出 | $32.0M | — |
| 自由现金流率自由现金流/营收 | 7.1% | — |
| 资本支出强度资本支出/营收 | 3.1% | — |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | $-80.0M | — |
8季度趋势，按日历期对齐
经营现金流MERCRRC
| Q4 25 | $46.2M | $257.5M | ||
| Q3 25 | $-30.1M | $247.5M | ||
| Q2 25 | $-4.5M | $336.2M | ||
| Q1 25 | $-3.0M | $330.1M | ||
| Q4 24 | $71.2M | $217.9M | ||
| Q3 24 | $-13.9M | $245.9M | ||
| Q2 24 | $62.2M | $148.8M | ||
| Q1 24 | $-29.2M | $331.9M |
自由现金流MERCRRC
| Q4 25 | $32.0M | — | ||
| Q3 25 | $-60.1M | — | ||
| Q2 25 | $-28.9M | — | ||
| Q1 25 | $-23.1M | — | ||
| Q4 24 | $50.4M | — | ||
| Q3 24 | $-41.2M | — | ||
| Q2 24 | $44.3M | — | ||
| Q1 24 | $-47.7M | — |
自由现金流率MERCRRC
| Q4 25 | 7.1% | — | ||
| Q3 25 | -13.1% | — | ||
| Q2 25 | -6.4% | — | ||
| Q1 25 | -4.6% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | -8.2% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | -8.6% | — |
资本支出强度MERCRRC
| Q4 25 | 3.1% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.3% | — |
现金转化率MERCRRC
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | 4.26× | 2.30× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 5.18× | ||
| Q1 24 | — | 3.60× |
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
MERC
| Other | $215.3M | 48% |
| Solid Wood | $110.2M | 25% |
| Lumber | $54.9M | 12% |
| Pallets | $23.7M | 5% |
| Energyandchemicals | $18.7M | 4% |
| Manufactured Products | $14.1M | 3% |
| Biofuels | $10.0M | 2% |
| Wood Residuals | $2.6M | 1% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
