vs
明晟（MSCI）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
明晟的季度营收约是RANGE RESOURCES CORP的1.0倍（$822.5M vs $786.9M），明晟净利率更高（34.6% vs 22.8%，领先11.9%），RANGE RESOURCES CORP同比增速更快（18.0% vs 10.6%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% vs 10.0%）
MSCI（明晟）是总部位于美国纽约的金融服务企业，为全球市场提供股票、固定收益、房地产指数、多资产组合分析工具及ESG、气候金融相关产品，旗下运营MSCI全球指数、MSCI新兴市场指数、MSCI全球所有国家（ACWI）指数等多款知名指数产品。
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。
MSCI vs RRC — 直观对比
营收规模更大
MSCI
是对方的1.0倍
$786.9M
营收增速更快
RRC
高出7.3%
10.6%
净利率更高
MSCI
高出11.9%
22.8%
两年增速更快
RRC
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $786.9M |
| 净利润 | $284.7M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 56.4% | — |
| 净利率 | 34.6% | 22.8% |
| 营收同比 | 10.6% | 18.0% |
| 净利润同比 | -6.8% | 88.8% |
| 每股收益（稀释后） | $3.81 | $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MSCIRRC
| Q4 25 | $822.5M | $786.9M | ||
| Q3 25 | $793.4M | $655.3M | ||
| Q2 25 | $772.7M | $699.6M | ||
| Q1 25 | $745.8M | $846.3M | ||
| Q4 24 | $743.5M | $667.0M | ||
| Q3 24 | $724.7M | $567.9M | ||
| Q2 24 | $707.9M | $513.2M | ||
| Q1 24 | $680.0M | $598.8M |
净利润MSCIRRC
| Q4 25 | $284.7M | $179.1M | ||
| Q3 25 | $325.4M | $144.3M | ||
| Q2 25 | $303.6M | $237.6M | ||
| Q1 25 | $288.6M | $97.1M | ||
| Q4 24 | $305.5M | $94.8M | ||
| Q3 24 | $280.9M | $50.7M | ||
| Q2 24 | $266.8M | $28.7M | ||
| Q1 24 | $256.0M | $92.1M |
毛利率MSCIRRC
| 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MSCIRRC
| Q4 25 | 56.4% | — | ||
| Q3 25 | 56.4% | — | ||
| Q2 25 | 55.0% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 55.4% | — | ||
| Q2 24 | 54.0% | — | ||
| Q1 24 | 49.9% | — |
净利率MSCIRRC
| Q4 25 | 34.6% | 22.8% | ||
| Q3 25 | 41.0% | 22.0% | ||
| Q2 25 | 39.3% | 34.0% | ||
| Q1 25 | 38.7% | 11.5% | ||
| Q4 24 | 41.1% | 14.2% | ||
| Q3 24 | 38.8% | 8.9% | ||
| Q2 24 | 37.7% | 5.6% | ||
| Q1 24 | 37.6% | 15.4% |
每股收益（稀释后）MSCIRRC
| Q4 25 | $3.81 | $0.75 | ||
| Q3 25 | $4.25 | $0.60 | ||
| Q2 25 | $3.92 | $0.99 | ||
| Q1 25 | $3.71 | $0.40 | ||
| Q4 24 | $3.89 | $0.38 | ||
| Q3 24 | $3.57 | $0.21 | ||
| Q2 24 | $3.37 | $0.12 | ||
| Q1 24 | $3.22 | $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 | $515.3M | $204.0K |
| 总债务越低越好 | $6.2B | $1.2B |
| 股东权益账面价值 | $-2.7B | $4.3B |
| 总资产 | $5.7B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MSCIRRC
| Q4 25 | $515.3M | $204.0K | ||
| Q3 25 | $400.1M | $175.0K | ||
| Q2 25 | $347.3M | $134.0K | ||
| Q1 25 | $360.7M | $344.6M | ||
| Q4 24 | $409.4M | $304.5M | ||
| Q3 24 | $501.0M | $277.4M | ||
| Q2 24 | $451.4M | $251.1M | ||
| Q1 24 | $519.3M | $343.1M |
总债务MSCIRRC
| Q4 25 | $6.2B | $1.2B | ||
| Q3 25 | $5.5B | $1.2B | ||
| Q2 25 | $4.5B | $1.2B | ||
| Q1 25 | $4.5B | $1.7B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.5B | $1.7B | ||
| Q2 24 | $4.5B | $1.7B | ||
| Q1 24 | $4.5B | $1.8B |
股东权益MSCIRRC
| Q4 25 | $-2.7B | $4.3B | ||
| Q3 25 | $-1.9B | $4.2B | ||
| Q2 25 | $-886.2M | $4.1B | ||
| Q1 25 | $-958.6M | $3.9B | ||
| Q4 24 | $-940.0M | $3.9B | ||
| Q3 24 | $-751.0M | $3.9B | ||
| Q2 24 | $-734.5M | $3.9B | ||
| Q1 24 | $-650.5M | $3.8B |
总资产MSCIRRC
| Q4 25 | $5.7B | $7.4B | ||
| Q3 25 | $5.4B | $7.2B | ||
| Q2 25 | $5.4B | $7.1B | ||
| Q1 25 | $5.3B | $7.4B | ||
| Q4 24 | $5.4B | $7.3B | ||
| Q3 24 | $5.4B | $7.2B | ||
| Q2 24 | $5.5B | $7.3B | ||
| Q1 24 | $5.5B | $7.4B |
负债/权益比MSCIRRC
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 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 | $501.1M | $257.5M |
| 自由现金流经营现金流 - 资本支出 | $488.7M | — |
| 自由现金流率自由现金流/营收 | 59.4% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 1.76× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流MSCIRRC
| Q4 25 | $501.1M | $257.5M | ||
| Q3 25 | $449.4M | $247.5M | ||
| Q2 25 | $336.1M | $336.2M | ||
| Q1 25 | $301.7M | $330.1M | ||
| Q4 24 | $430.6M | $217.9M | ||
| Q3 24 | $421.6M | $245.9M | ||
| Q2 24 | $349.2M | $148.8M | ||
| Q1 24 | $300.1M | $331.9M |
自由现金流MSCIRRC
| Q4 25 | $488.7M | — | ||
| Q3 25 | $445.5M | — | ||
| Q2 25 | $324.7M | — | ||
| Q1 25 | $290.2M | — | ||
| Q4 24 | $416.4M | — | ||
| Q3 24 | $415.0M | — | ||
| Q2 24 | $340.6M | — | ||
| Q1 24 | $295.9M | — |
自由现金流率MSCIRRC
| Q4 25 | 59.4% | — | ||
| Q3 25 | 56.2% | — | ||
| Q2 25 | 42.0% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 56.0% | — | ||
| Q3 24 | 57.3% | — | ||
| Q2 24 | 48.1% | — | ||
| Q1 24 | 43.5% | — |
资本支出强度MSCIRRC
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 0.6% | — |
现金转化率MSCIRRC
| Q4 25 | 1.76× | 1.44× | ||
| Q3 25 | 1.38× | 1.72× | ||
| Q2 25 | 1.11× | 1.42× | ||
| Q1 25 | 1.05× | 3.40× | ||
| Q4 24 | 1.41× | 2.30× | ||
| Q3 24 | 1.50× | 4.85× | ||
| Q2 24 | 1.31× | 5.18× | ||
| Q1 24 | 1.17× | 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
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
