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MACH NATURAL RESOURCES LP（MNR）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是MACH NATURAL RESOURCES LP的1.9倍（$725.6M vs $387.5M），Reddit, Inc.净利率更高（34.7% vs 18.9%，领先15.8%），Reddit, Inc.同比增速更快（69.7% vs 65.0%），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 27.3%）
Mach Natural Resources LP是一家总部位于美国的上游能源企业，主要从事石油、天然气及液化天然气的勘探、开发与生产业务，核心运营资产分布在二叠纪盆地等美国陆上油气产区，专注于开发低成本高收益资产，为利益相关方创造可持续回报。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
MNR vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.9倍
$387.5M
营收增速更快
RDDT
高出4.7%
65.0%
净利率更高
RDDT
高出15.8%
18.9%
两年增速更快
RDDT
近两年复合增速
27.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $387.5M | $725.6M |
| 净利润 | $73.1M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 26.1% | 31.9% |
| 净利率 | 18.9% | 34.7% |
| 营收同比 | 65.0% | 69.7% |
| 净利润同比 | 100.2% | 254.2% |
| 每股收益（稀释后） | $0.47 | $1.24 |
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MNRRDDT
| Q4 25 | $387.5M | $725.6M | ||
| Q3 25 | $272.6M | $584.9M | ||
| Q2 25 | $288.5M | $499.6M | ||
| Q1 25 | $226.8M | $392.4M | ||
| Q4 24 | $234.9M | $427.7M | ||
| Q3 24 | $255.5M | $348.4M | ||
| Q2 24 | $240.0M | $281.2M | ||
| Q1 24 | $239.2M | $243.0M |
净利润MNRRDDT
| Q4 25 | $73.1M | $251.6M | ||
| Q3 25 | $-35.7M | $162.7M | ||
| Q2 25 | $89.7M | $89.3M | ||
| Q1 25 | $15.9M | $26.2M | ||
| Q4 24 | $36.5M | $71.0M | ||
| Q3 24 | $67.4M | $29.9M | ||
| Q2 24 | $39.5M | $-10.1M | ||
| Q1 24 | $41.7M | $-575.1M |
毛利率MNRRDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率MNRRDDT
| Q4 25 | 26.1% | 31.9% | ||
| Q3 25 | -7.0% | 23.7% | ||
| Q2 25 | 38.6% | 13.6% | ||
| Q1 25 | 22.8% | 1.0% | ||
| Q4 24 | 24.9% | 12.4% | ||
| Q3 24 | 37.1% | 2.0% | ||
| Q2 24 | 29.4% | -11.0% | ||
| Q1 24 | 28.1% | -242.5% |
净利率MNRRDDT
| Q4 25 | 18.9% | 34.7% | ||
| Q3 25 | -13.1% | 27.8% | ||
| Q2 25 | 31.1% | 17.9% | ||
| Q1 25 | 7.0% | 6.7% | ||
| Q4 24 | 15.5% | 16.6% | ||
| Q3 24 | 26.4% | 8.6% | ||
| Q2 24 | 16.5% | -3.6% | ||
| Q1 24 | 17.4% | -236.7% |
每股收益（稀释后）MNRRDDT
| Q4 25 | $0.47 | $1.24 | ||
| Q3 25 | $-0.28 | $0.80 | ||
| Q2 25 | $0.76 | $0.45 | ||
| Q1 25 | $0.14 | $0.13 | ||
| Q4 24 | $0.34 | $4.76 | ||
| Q3 24 | $0.70 | $0.16 | ||
| Q2 24 | $0.42 | $-0.06 | ||
| Q1 24 | $0.44 | $-8.19 |
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 | $42.6M | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.9B |
| 总资产 | $3.8B | $3.2B |
| 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MNRRDDT
| Q4 25 | $42.6M | $953.6M | ||
| Q3 25 | $53.6M | $911.7M | ||
| Q2 25 | $13.8M | $734.1M | ||
| Q1 25 | $7.8M | $635.7M | ||
| Q4 24 | $105.8M | $562.1M | ||
| Q3 24 | $184.5M | $515.9M | ||
| Q2 24 | $144.6M | $468.0M | ||
| Q1 24 | $151.3M | $968.5M |
股东权益MNRRDDT
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.8B |
总资产MNRRDDT
| Q4 25 | $3.8B | $3.2B | ||
| Q3 25 | $3.8B | $2.9B | ||
| Q2 25 | $2.3B | $2.6B | ||
| Q1 25 | $2.2B | $2.4B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.2B | $2.1B | ||
| Q1 24 | $2.3B | $2.0B |
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 | $128.7M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | — | $263.6M |
| 自由现金流率自由现金流/营收 | — | 36.3% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 1.76× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流MNRRDDT
| Q4 25 | $128.7M | $266.8M | ||
| Q3 25 | $105.5M | $185.2M | ||
| Q2 25 | $130.1M | $111.3M | ||
| Q1 25 | $142.5M | $127.6M | ||
| Q4 24 | $133.7M | $90.0M | ||
| Q3 24 | $110.8M | $71.6M | ||
| Q2 24 | $116.8M | $28.4M | ||
| Q1 24 | $144.0M | $32.1M |
自由现金流MNRRDDT
| Q4 25 | — | $263.6M | ||
| Q3 25 | — | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $70.3M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $29.2M |
自由现金流率MNRRDDT
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 12.0% |
资本支出强度MNRRDDT
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 1.2% |
现金转化率MNRRDDT
| Q4 25 | 1.76× | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | 1.45× | 1.25× | ||
| Q1 25 | 8.97× | 4.88× | ||
| Q4 24 | 3.66× | 1.27× | ||
| Q3 24 | 1.64× | 2.40× | ||
| Q2 24 | 2.96× | — | ||
| Q1 24 | 3.45× | — |
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
MNR
| Oil Gas And Natural Gas Liquids Net | $331.0M | 85% |
| Natural Gas Liquids Reserves | $44.8M | 12% |
| Natural Gas Midstream | $8.6M | 2% |
| Products | $6.3M | 2% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
