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微策略（MSTR）与Riley Exploration Permian, Inc.（REPX）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是Riley Exploration Permian, Inc.的1.3倍（$123.0M vs $97.3M），微策略同比增速更快（1.9% vs -5.3%），过去两年微策略的营收复合增速更高（3.3% vs -1.2%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
Riley Exploration Permian, Inc.是一家独立能源企业，专注于美国得克萨斯州与新墨西哥州境内的二叠纪盆地，开展原油、天然气及天然气凝析液的勘探、开发与生产业务，主打低成本陆上储备开发，为北美市场供应稳定能源产品。
MSTR vs REPX — 直观对比
营收规模更大
MSTR
是对方的1.3倍
$97.3M
营收增速更快
MSTR
高出7.2%
-5.3%
两年增速更快
MSTR
近两年复合增速
-1.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $97.3M |
| 净利润 | — | — |
| 毛利率 | 66.1% | — |
| 营业利润率 | — | 26.9% |
| 净利率 | — | — |
| 营收同比 | 1.9% | -5.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $4.02 |
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MSTRREPX
| Q4 25 | $123.0M | $97.3M | ||
| Q3 25 | $128.7M | $106.9M | ||
| Q2 25 | $114.5M | $85.4M | ||
| Q1 25 | $111.1M | $102.5M | ||
| Q4 24 | $120.7M | $102.7M | ||
| Q3 24 | $116.1M | $102.3M | ||
| Q2 24 | $111.4M | $105.4M | ||
| Q1 24 | $115.2M | $99.7M |
净利润MSTRREPX
| Q4 25 | — | — | ||
| Q3 25 | $2.8B | $16.3M | ||
| Q2 25 | $10.0B | $30.5M | ||
| Q1 25 | $-4.2B | $28.6M | ||
| Q4 24 | $-670.8M | — | ||
| Q3 24 | $-340.2M | $25.7M | ||
| Q2 24 | $-102.6M | $33.5M | ||
| Q1 24 | $-53.1M | $18.8M |
毛利率MSTRREPX
| Q4 25 | 66.1% | — | ||
| Q3 25 | 70.5% | — | ||
| Q2 25 | 68.8% | — | ||
| Q1 25 | 69.4% | — | ||
| Q4 24 | 71.7% | — | ||
| Q3 24 | 70.4% | — | ||
| Q2 24 | 72.2% | — | ||
| Q1 24 | 74.0% | — |
营业利润率MSTRREPX
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 27.0% | ||
| Q2 25 | — | 33.7% | ||
| Q1 25 | -5331.4% | 48.3% | ||
| Q4 24 | -842.1% | 31.2% | ||
| Q3 24 | -372.7% | 17.1% | ||
| Q2 24 | -179.7% | 50.9% | ||
| Q1 24 | -176.8% | 50.7% |
净利率MSTRREPX
| Q4 25 | — | — | ||
| Q3 25 | 2164.1% | 15.3% | ||
| Q2 25 | 8752.7% | 35.7% | ||
| Q1 25 | -3797.2% | 27.9% | ||
| Q4 24 | -555.8% | — | ||
| Q3 24 | -293.1% | 25.1% | ||
| Q2 24 | -92.0% | 31.8% | ||
| Q1 24 | -46.1% | 18.8% |
每股收益（稀释后）MSTRREPX
| Q4 25 | — | $4.02 | ||
| Q3 25 | $8.42 | $0.77 | ||
| Q2 25 | $32.60 | $1.44 | ||
| Q1 25 | $-16.49 | $1.36 | ||
| Q4 24 | $4.49 | $0.52 | ||
| Q3 24 | $-1.72 | $1.21 | ||
| Q2 24 | $-0.57 | $1.59 | ||
| Q1 24 | $-0.31 | $0.94 |
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 | $2.3B | — |
| 总债务越低越好 | $8.2B | $247.9M |
| 股东权益账面价值 | $44.1B | $634.2M |
| 总资产 | $61.6B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资MSTRREPX
| Q4 25 | $2.3B | — | ||
| Q3 25 | $54.3M | — | ||
| Q2 25 | $50.1M | — | ||
| Q1 25 | $60.3M | — | ||
| Q4 24 | $38.1M | — | ||
| Q3 24 | $46.3M | — | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $81.3M | — |
总债务MSTRREPX
| Q4 25 | $8.2B | $247.9M | ||
| Q3 25 | $8.2B | $367.0M | ||
| Q2 25 | $8.2B | $275.2M | ||
| Q1 25 | $8.1B | $249.3M | ||
| Q4 24 | $7.2B | $269.5M | ||
| Q3 24 | $4.2B | $288.6M | ||
| Q2 24 | $3.8B | $322.7M | ||
| Q1 24 | $3.6B | $341.8M |
股东权益MSTRREPX
| Q4 25 | $44.1B | $634.2M | ||
| Q3 25 | $52.3B | $566.5M | ||
| Q2 25 | $47.5B | $556.9M | ||
| Q1 25 | $32.2B | $532.4M | ||
| Q4 24 | $18.2B | $510.6M | ||
| Q3 24 | $3.8B | $507.4M | ||
| Q2 24 | $2.8B | $489.0M | ||
| Q1 24 | $2.4B | $434.6M |
总资产MSTRREPX
| Q4 25 | $61.6B | $1.2B | ||
| Q3 25 | $73.6B | $1.2B | ||
| Q2 25 | $64.8B | $1.0B | ||
| Q1 25 | $43.9B | $994.9M | ||
| Q4 24 | $25.8B | $993.5M | ||
| Q3 24 | $8.3B | $997.9M | ||
| Q2 24 | $7.1B | $1.0B | ||
| Q1 24 | $6.4B | $956.4M |
负债/权益比MSTRREPX
| Q4 25 | 0.19× | 0.39× | ||
| Q3 25 | 0.16× | 0.65× | ||
| Q2 25 | 0.17× | 0.49× | ||
| Q1 25 | 0.25× | 0.47× | ||
| Q4 24 | 0.39× | 0.53× | ||
| Q3 24 | 1.12× | 0.57× | ||
| Q2 24 | 1.36× | 0.66× | ||
| Q1 24 | 1.48× | 0.79× |
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 | — | $64.9M |
| 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 | — | — |
| 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MSTRREPX
| Q4 25 | — | $64.9M | ||
| Q3 25 | $-8.3M | $63.6M | ||
| Q2 25 | $-34.9M | $33.6M | ||
| Q1 25 | $-2.4M | $50.4M | ||
| Q4 24 | $-17.3M | $66.4M | ||
| Q3 24 | $-41.0M | $72.1M | ||
| Q2 24 | $-23.3M | $51.6M | ||
| Q1 24 | $28.6M | $56.1M |
自由现金流MSTRREPX
| Q4 25 | — | — | ||
| Q3 25 | $-11.1M | — | ||
| Q2 25 | $-37.0M | — | ||
| Q1 25 | $-5.1M | — | ||
| Q4 24 | $-17.6M | — | ||
| Q3 24 | $-41.4M | — | ||
| Q2 24 | $-24.1M | — | ||
| Q1 24 | $27.0M | — |
自由现金流率MSTRREPX
| Q4 25 | — | — | ||
| Q3 25 | -8.6% | — | ||
| Q2 25 | -32.3% | — | ||
| Q1 25 | -4.6% | — | ||
| Q4 24 | -14.6% | — | ||
| Q3 24 | -35.7% | — | ||
| Q2 24 | -21.6% | — | ||
| Q1 24 | 23.5% | — |
资本支出强度MSTRREPX
| Q4 25 | — | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 1.3% | — |
现金转化率MSTRREPX
| Q4 25 | — | — | ||
| Q3 25 | -0.00× | 3.90× | ||
| Q2 25 | -0.00× | 1.10× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 1.54× | ||
| Q1 24 | — | 2.99× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
