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MACH NATURAL RESOURCES LP（MNR）与Viper Energy, Inc.（VNOM）财务数据对比。点击上方公司名可切换其他公司
Viper Energy, Inc.的季度营收约是MACH NATURAL RESOURCES LP的1.0倍（$393.0M vs $387.5M），MACH NATURAL RESOURCES LP净利率更高（18.9% vs -19.6%，领先38.5%），Viper Energy, Inc.同比增速更快（88.0% vs 65.0%）
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。
Commonwealth Fusion Systems（CFS）是一家美国核聚变能源企业，2018年从麻省理工学院（MIT）分拆后于马萨诸塞州剑桥成立。公司以基于ARC托卡马克设计建造小型核聚变发电厂为目标，参与了美国能源部推出的INFUSE公私知识创新计划，与多家国家实验室及高校开展合作。
MNR vs VNOM — 直观对比
营收规模更大
VNOM
是对方的1.0倍
$387.5M
营收增速更快
VNOM
高出23.1%
65.0%
净利率更高
MNR
高出38.5%
-19.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $387.5M | $393.0M |
| 净利润 | $73.1M | $-77.0M |
| 毛利率 | — | — |
| 营业利润率 | 26.1% | -44.8% |
| 净利率 | 18.9% | -19.6% |
| 营收同比 | 65.0% | 88.0% |
| 净利润同比 | 100.2% | -257.1% |
| 每股收益（稀释后） | $0.47 | $-0.52 |
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MNRVNOM
| Q4 25 | $387.5M | — | ||
| Q3 25 | $272.6M | $393.0M | ||
| Q2 25 | $288.5M | — | ||
| Q1 25 | $226.8M | — | ||
| Q4 24 | $234.9M | — | ||
| Q3 24 | $255.5M | $209.0M | ||
| Q2 24 | $240.0M | — | ||
| Q1 24 | $239.2M | — |
净利润MNRVNOM
| Q4 25 | $73.1M | — | ||
| Q3 25 | $-35.7M | $-77.0M | ||
| Q2 25 | $89.7M | — | ||
| Q1 25 | $15.9M | — | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $67.4M | $49.0M | ||
| Q2 24 | $39.5M | — | ||
| Q1 24 | $41.7M | — |
营业利润率MNRVNOM
| Q4 25 | 26.1% | — | ||
| Q3 25 | -7.0% | -44.8% | ||
| Q2 25 | 38.6% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 37.1% | 65.1% | ||
| Q2 24 | 29.4% | — | ||
| Q1 24 | 28.1% | — |
净利率MNRVNOM
| Q4 25 | 18.9% | — | ||
| Q3 25 | -13.1% | -19.6% | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 26.4% | 23.4% | ||
| Q2 24 | 16.5% | — | ||
| Q1 24 | 17.4% | — |
每股收益（稀释后）MNRVNOM
| Q4 25 | $0.47 | — | ||
| Q3 25 | $-0.28 | $-0.52 | ||
| Q2 25 | $0.76 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $0.34 | — | ||
| Q3 24 | $0.70 | $0.52 | ||
| 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 | $53.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $4.6B |
| 总资产 | $3.8B | $13.7B |
| 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MNRVNOM
| Q4 25 | $42.6M | — | ||
| Q3 25 | $53.6M | $53.0M | ||
| Q2 25 | $13.8M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $105.8M | — | ||
| Q3 24 | $184.5M | — | ||
| Q2 24 | $144.6M | — | ||
| Q1 24 | $151.3M | — |
股东权益MNRVNOM
| Q4 25 | — | — | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总资产MNRVNOM
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.8B | $13.7B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.3B | — |
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 | $654.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MNRVNOM
| Q4 25 | $128.7M | — | ||
| Q3 25 | $105.5M | $654.0M | ||
| Q2 25 | $130.1M | — | ||
| Q1 25 | $142.5M | — | ||
| Q4 24 | $133.7M | — | ||
| Q3 24 | $110.8M | — | ||
| Q2 24 | $116.8M | — | ||
| Q1 24 | $144.0M | — |
现金转化率MNRVNOM
| 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% |
VNOM
| Oil Income | $332.0M | 84% |
| Natural Gas Liquids Income | $46.0M | 12% |
| Natural Gas Income | $15.0M | 4% |
