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摩丁制造（MOD）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是摩丁制造的1.5倍（$1.2B vs $805.0M），先锋自然资源公司净利率更高（29.0% vs -5.9%，领先34.9%），摩丁制造同比增速更快（30.5% vs -9.8%），过去两年摩丁制造的营收复合增速更高（15.5% vs -3.0%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
MOD vs PR — 直观对比
营收规模更大
PR
是对方的1.5倍
$805.0M
营收增速更快
MOD
高出40.3%
-9.8%
净利率更高
PR
高出34.9%
-5.9%
两年增速更快
MOD
近两年复合增速
-3.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.2B |
| 净利润 | $-47.4M | $339.5M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 23.1% |
| 净利率 | -5.9% | 29.0% |
| 营收同比 | 30.5% | -9.8% |
| 净利润同比 | -215.6% | 56.7% |
| 每股收益（稀释后） | $-0.90 | $0.48 |
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MODPR
| Q4 25 | $805.0M | $1.2B | ||
| Q3 25 | $738.9M | $1.3B | ||
| Q2 25 | $682.8M | $1.2B | ||
| Q1 25 | $647.2M | $1.4B | ||
| Q4 24 | $616.8M | $1.3B | ||
| Q3 24 | $658.0M | $1.2B | ||
| Q2 24 | $661.5M | $1.2B | ||
| Q1 24 | $603.5M | $1.2B |
净利润MODPR
| Q4 25 | $-47.4M | $339.5M | ||
| Q3 25 | $44.4M | $59.2M | ||
| Q2 25 | $51.2M | $207.1M | ||
| Q1 25 | $49.6M | $329.3M | ||
| Q4 24 | $41.0M | $216.7M | ||
| Q3 24 | $46.1M | $386.4M | ||
| Q2 24 | $47.3M | $235.1M | ||
| Q1 24 | $25.8M | $146.6M |
毛利率MODPR
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | 22.4% | — |
营业利润率MODPR
| Q4 25 | 11.1% | 23.1% | ||
| Q3 25 | 9.9% | 29.6% | ||
| Q2 25 | 11.1% | 24.8% | ||
| Q1 25 | 11.5% | 36.6% | ||
| Q4 24 | 9.6% | 32.8% | ||
| Q3 24 | 11.4% | 32.5% | ||
| Q2 24 | 11.2% | 36.5% | ||
| Q1 24 | 7.8% | 37.7% |
净利率MODPR
| Q4 25 | -5.9% | 29.0% | ||
| Q3 25 | 6.0% | 4.5% | ||
| Q2 25 | 7.5% | 17.3% | ||
| Q1 25 | 7.7% | 23.9% | ||
| Q4 24 | 6.6% | 16.7% | ||
| Q3 24 | 7.0% | 31.8% | ||
| Q2 24 | 7.2% | 18.9% | ||
| Q1 24 | 4.3% | 11.8% |
每股收益（稀释后）MODPR
| Q4 25 | $-0.90 | $0.48 | ||
| Q3 25 | $0.83 | $0.08 | ||
| Q2 25 | $0.95 | $0.28 | ||
| Q1 25 | $0.92 | $0.44 | ||
| Q4 24 | $0.76 | $0.31 | ||
| Q3 24 | $0.86 | $0.53 | ||
| Q2 24 | $0.88 | $0.36 | ||
| Q1 24 | $0.48 | $0.25 |
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 | $98.7M | $153.7M |
| 总债务越低越好 | $570.7M | $3.5B |
| 股东权益账面价值 | $1.1B | $10.3B |
| 总资产 | $2.5B | $17.9B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MODPR
| Q4 25 | $98.7M | $153.7M | ||
| Q3 25 | $83.8M | $111.8M | ||
| Q2 25 | $124.5M | $451.0M | ||
| Q1 25 | $71.6M | $702.2M | ||
| Q4 24 | $83.8M | $479.3M | ||
| Q3 24 | $78.6M | $272.0M | ||
| Q2 24 | $72.9M | $47.8M | ||
| Q1 24 | $60.1M | $12.7M |
总债务MODPR
| Q4 25 | $570.7M | $3.5B | ||
| Q3 25 | $525.8M | $3.5B | ||
| Q2 25 | $482.1M | $4.0B | ||
| Q1 25 | $296.7M | $4.0B | ||
| Q4 24 | $330.0M | $4.2B | ||
| Q3 24 | $359.1M | $4.2B | ||
| Q2 24 | $405.7M | $3.9B | ||
| Q1 24 | $399.9M | $3.9B |
股东权益MODPR
| Q4 25 | $1.1B | $10.3B | ||
| Q3 25 | $1.1B | $10.0B | ||
| Q2 25 | $1.0B | $9.5B | ||
| Q1 25 | $910.2M | $9.4B | ||
| Q4 24 | $855.1M | $9.1B | ||
| Q3 24 | $858.8M | $9.0B | ||
| Q2 24 | $788.4M | $8.3B | ||
| Q1 24 | $747.6M | $7.0B |
总资产MODPR
| Q4 25 | $2.5B | $17.9B | ||
| Q3 25 | $2.4B | $17.3B | ||
| Q2 25 | $2.2B | $17.5B | ||
| Q1 25 | $1.9B | $17.1B | ||
| Q4 24 | $1.8B | $16.9B | ||
| Q3 24 | $1.9B | $16.6B | ||
| Q2 24 | $1.9B | $15.4B | ||
| Q1 24 | $1.9B | $15.1B |
负债/权益比MODPR
| Q4 25 | 0.51× | 0.34× | ||
| Q3 25 | 0.50× | 0.35× | ||
| Q2 25 | 0.48× | 0.42× | ||
| Q1 25 | 0.33× | 0.43× | ||
| Q4 24 | 0.39× | 0.46× | ||
| Q3 24 | 0.42× | 0.47× | ||
| Q2 24 | 0.51× | 0.46× | ||
| Q1 24 | 0.53× | 0.56× |
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 | $24.7M | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 现金转化率经营现金流/净利润 | — | 2.66× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODPR
| Q4 25 | $24.7M | $904.3M | ||
| Q3 25 | $1.4M | $766.5M | ||
| Q2 25 | $27.7M | $1.0B | ||
| Q1 25 | $54.8M | $898.0M | ||
| Q4 24 | $60.7M | $871.6M | ||
| Q3 24 | $57.3M | $954.4M | ||
| Q2 24 | $40.5M | $938.4M | ||
| Q1 24 | $39.6M | $647.6M |
自由现金流MODPR
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | — |
自由现金流率MODPR
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | — |
资本支出强度MODPR
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | — |
现金转化率MODPR
| Q4 25 | — | 2.66× | ||
| Q3 25 | 0.03× | 12.94× | ||
| Q2 25 | 0.54× | 5.01× | ||
| Q1 25 | 1.10× | 2.73× | ||
| Q4 24 | 1.48× | 4.02× | ||
| Q3 24 | 1.24× | 2.47× | ||
| Q2 24 | 0.86× | 3.99× | ||
| Q1 24 | 1.53× | 4.42× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
