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MACH NATURAL RESOURCES LP（MNR）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
MACH NATURAL RESOURCES LP的季度营收约是世纪互联的1.1倍（$387.5M vs $362.7M），MACH NATURAL RESOURCES LP净利率更高（18.9% vs -10.7%，领先29.5%），过去两年MACH NATURAL RESOURCES LP的营收复合增速更高（27.3% vs 17.4%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
MNR vs VNET — 直观对比
营收规模更大
MNR
是对方的1.1倍
$362.7M
净利率更高
MNR
高出29.5%
-10.7%
两年增速更快
MNR
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $387.5M | $362.7M |
| 净利润 | $73.1M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 26.1% | 0.5% |
| 净利率 | 18.9% | -10.7% |
| 营收同比 | 65.0% | — |
| 净利润同比 | 100.2% | — |
| 每股收益（稀释后） | $0.47 | — |
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MNRVNET
| Q4 25 | $387.5M | — | ||
| Q3 25 | $272.6M | $362.7M | ||
| Q2 25 | $288.5M | — | ||
| Q1 25 | $226.8M | $309.5M | ||
| Q4 24 | $234.9M | — | ||
| Q3 24 | $255.5M | $302.2M | ||
| Q2 24 | $240.0M | $274.4M | ||
| Q1 24 | $239.2M | $262.9M |
净利润MNRVNET
| Q4 25 | $73.1M | — | ||
| Q3 25 | $-35.7M | $-38.7M | ||
| Q2 25 | $89.7M | — | ||
| Q1 25 | $15.9M | $-2.4M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $67.4M | $-2.1M | ||
| Q2 24 | $39.5M | $-1.1M | ||
| Q1 24 | $41.7M | $-22.0M |
毛利率MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率MNRVNET
| Q4 25 | 26.1% | — | ||
| Q3 25 | -7.0% | 0.5% | ||
| Q2 25 | 38.6% | — | ||
| Q1 25 | 22.8% | 0.1% | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 37.1% | 24.5% | ||
| Q2 24 | 29.4% | 0.2% | ||
| Q1 24 | 28.1% | 0.2% |
净利率MNRVNET
| Q4 25 | 18.9% | — | ||
| Q3 25 | -13.1% | -10.7% | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 7.0% | -0.8% | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 26.4% | -0.7% | ||
| Q2 24 | 16.5% | -0.4% | ||
| Q1 24 | 17.4% | -8.4% |
每股收益（稀释后）MNRVNET
| Q4 25 | $0.47 | — | ||
| Q3 25 | $-0.28 | — | ||
| Q2 25 | $0.76 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $0.34 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $0.44 | — |
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 | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | $3.8B | $6.1B |
| 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MNRVNET
| Q4 25 | $42.6M | — | ||
| Q3 25 | $53.6M | $492.1M | ||
| Q2 25 | $13.8M | — | ||
| Q1 25 | $7.8M | $544.3M | ||
| Q4 24 | $105.8M | — | ||
| Q3 24 | $184.5M | $219.5M | ||
| Q2 24 | $144.6M | $247.2M | ||
| Q1 24 | $151.3M | $246.9M |
总债务MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | — | $895.1M |
总资产MNRVNET
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $6.1B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | $5.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.2B | $4.0B | ||
| Q1 24 | $2.3B | $3.9B |
负债/权益比MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 现金转化率经营现金流/净利润 | 1.76× | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MNRVNET
| Q4 25 | $128.7M | — | ||
| Q3 25 | $105.5M | $113.8M | ||
| Q2 25 | $130.1M | — | ||
| Q1 25 | $142.5M | $27.0M | ||
| Q4 24 | $133.7M | — | ||
| Q3 24 | $110.8M | $108.3M | ||
| Q2 24 | $116.8M | $55.8M | ||
| Q1 24 | $144.0M | $37.1M |
自由现金流MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度MNRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率MNRVNET
| Q4 25 | 1.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 8.97× | — | ||
| Q4 24 | 3.66× | — | ||
| Q3 24 | 1.64× | — | ||
| 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% |
VNET
暂无分部数据
