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微策略（MSTR）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Ranger Energy Services, Inc.的季度营收约是微策略的1.2倍（$142.2M vs $123.0M），微策略同比增速更快（1.9% vs -0.6%），过去两年微策略的营收复合增速更高（3.3% vs 1.9%）
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。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
MSTR vs RNGR — 直观对比
营收规模更大
RNGR
是对方的1.2倍
$123.0M
营收增速更快
MSTR
高出2.5%
-0.6%
两年增速更快
MSTR
近两年复合增速
1.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $142.2M |
| 净利润 | — | $3.2M |
| 毛利率 | 66.1% | — |
| 营业利润率 | — | 2.3% |
| 净利率 | — | 2.3% |
| 营收同比 | 1.9% | -0.6% |
| 净利润同比 | — | -44.8% |
| 每股收益（稀释后） | — | $0.14 |
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MSTRRNGR
| Q4 25 | $123.0M | $142.2M | ||
| Q3 25 | $128.7M | $128.9M | ||
| Q2 25 | $114.5M | $140.6M | ||
| Q1 25 | $111.1M | $135.2M | ||
| Q4 24 | $120.7M | $143.1M | ||
| Q3 24 | $116.1M | $153.0M | ||
| Q2 24 | $111.4M | $138.1M | ||
| Q1 24 | $115.2M | $136.9M |
净利润MSTRRNGR
| Q4 25 | — | $3.2M | ||
| Q3 25 | $2.8B | $1.2M | ||
| Q2 25 | $10.0B | $7.3M | ||
| Q1 25 | $-4.2B | $600.0K | ||
| Q4 24 | $-670.8M | $5.8M | ||
| Q3 24 | $-340.2M | $8.7M | ||
| Q2 24 | $-102.6M | $4.7M | ||
| Q1 24 | $-53.1M | $-800.0K |
毛利率MSTRRNGR
| 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MSTRRNGR
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | -5331.4% | 0.7% | ||
| Q4 24 | -842.1% | 6.2% | ||
| Q3 24 | -372.7% | 8.4% | ||
| Q2 24 | -179.7% | 5.3% | ||
| Q1 24 | -176.8% | -0.4% |
净利率MSTRRNGR
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2164.1% | 0.9% | ||
| Q2 25 | 8752.7% | 5.2% | ||
| Q1 25 | -3797.2% | 0.4% | ||
| Q4 24 | -555.8% | 4.1% | ||
| Q3 24 | -293.1% | 5.7% | ||
| Q2 24 | -92.0% | 3.4% | ||
| Q1 24 | -46.1% | -0.6% |
每股收益（稀释后）MSTRRNGR
| Q4 25 | — | $0.14 | ||
| Q3 25 | $8.42 | $0.05 | ||
| Q2 25 | $32.60 | $0.32 | ||
| Q1 25 | $-16.49 | $0.03 | ||
| Q4 24 | $4.49 | $0.24 | ||
| Q3 24 | $-1.72 | $0.39 | ||
| Q2 24 | $-0.57 | $0.21 | ||
| Q1 24 | $-0.31 | $-0.03 |
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 | $10.3M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $300.1M |
| 总资产 | $61.6B | $419.3M |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资MSTRRNGR
| Q4 25 | $2.3B | $10.3M | ||
| Q3 25 | $54.3M | $45.2M | ||
| Q2 25 | $50.1M | $48.9M | ||
| Q1 25 | $60.3M | $40.3M | ||
| Q4 24 | $38.1M | $40.9M | ||
| Q3 24 | $46.3M | $14.8M | ||
| Q2 24 | $66.9M | $8.7M | ||
| Q1 24 | $81.3M | $11.1M |
总债务MSTRRNGR
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $8.2B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $7.2B | $0 | ||
| Q3 24 | $4.2B | $0 | ||
| Q2 24 | $3.8B | $0 | ||
| Q1 24 | $3.6B | $0 |
股东权益MSTRRNGR
| Q4 25 | $44.1B | $300.1M | ||
| Q3 25 | $52.3B | $270.0M | ||
| Q2 25 | $47.5B | $276.9M | ||
| Q1 25 | $32.2B | $272.6M | ||
| Q4 24 | $18.2B | $273.8M | ||
| Q3 24 | $3.8B | $267.6M | ||
| Q2 24 | $2.8B | $260.5M | ||
| Q1 24 | $2.4B | $261.7M |
总资产MSTRRNGR
| Q4 25 | $61.6B | $419.3M | ||
| Q3 25 | $73.6B | $372.8M | ||
| Q2 25 | $64.8B | $381.7M | ||
| Q1 25 | $43.9B | $376.5M | ||
| Q4 24 | $25.8B | $381.6M | ||
| Q3 24 | $8.3B | $373.9M | ||
| Q2 24 | $7.1B | $359.6M | ||
| Q1 24 | $6.4B | $355.5M |
负债/权益比MSTRRNGR
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.39× | 0.00× | ||
| Q3 24 | 1.12× | 0.00× | ||
| Q2 24 | 1.36× | 0.00× | ||
| Q1 24 | 1.48× | 0.00× |
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 | — | $24.1M |
| 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 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | — | $42.9M |
8季度趋势，按日历期对齐
经营现金流MSTRRNGR
| Q4 25 | — | $24.1M | ||
| Q3 25 | $-8.3M | $13.6M | ||
| Q2 25 | $-34.9M | $20.7M | ||
| Q1 25 | $-2.4M | $10.6M | ||
| Q4 24 | $-17.3M | $32.7M | ||
| Q3 24 | $-41.0M | $17.7M | ||
| Q2 24 | $-23.3M | $22.1M | ||
| Q1 24 | $28.6M | $12.0M |
自由现金流MSTRRNGR
| Q4 25 | — | $17.1M | ||
| Q3 25 | $-11.1M | $8.0M | ||
| Q2 25 | $-37.0M | $14.4M | ||
| Q1 25 | $-5.1M | $3.4M | ||
| Q4 24 | $-17.6M | $27.3M | ||
| Q3 24 | $-41.4M | $10.8M | ||
| Q2 24 | $-24.1M | $6.8M | ||
| Q1 24 | $27.0M | $5.5M |
自由现金流率MSTRRNGR
| Q4 25 | — | 12.0% | ||
| Q3 25 | -8.6% | 6.2% | ||
| Q2 25 | -32.3% | 10.2% | ||
| Q1 25 | -4.6% | 2.5% | ||
| Q4 24 | -14.6% | 19.1% | ||
| Q3 24 | -35.7% | 7.1% | ||
| Q2 24 | -21.6% | 4.9% | ||
| Q1 24 | 23.5% | 4.0% |
资本支出强度MSTRRNGR
| Q4 25 | — | 4.9% | ||
| Q3 25 | 2.2% | 4.3% | ||
| Q2 25 | 1.8% | 4.5% | ||
| Q1 25 | 2.5% | 5.3% | ||
| Q4 24 | 0.2% | 3.8% | ||
| Q3 24 | 0.4% | 4.5% | ||
| Q2 24 | 0.6% | 11.1% | ||
| Q1 24 | 1.3% | 4.7% |
现金转化率MSTRRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | -0.00× | 11.33× | ||
| Q2 25 | -0.00× | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | — | — |
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
MSTR
暂无分部数据
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
