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Matador Resources Co（MTDR）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Matador Resources Co的1.4倍（$1.2B vs $809.5M），先锋自然资源公司净利率更高（29.0% vs 23.8%，领先5.2%），先锋自然资源公司同比增速更快（-9.8% vs -17.2%），过去两年Matador Resources Co的营收复合增速更高（1.5% vs -3.0%）
Matador Resources Co是一家独立能源企业，主营石油、天然气及天然气凝液的勘探、开发、生产与收购业务，核心运营区域分布在美国多个主要陆上资源盆地，产品主要供应北美能源市场。
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。
MTDR vs PR — 直观对比
营收规模更大
PR
是对方的1.4倍
$809.5M
营收增速更快
PR
高出7.5%
-17.2%
净利率更高
PR
高出5.2%
23.8%
两年增速更快
MTDR
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $809.5M | $1.2B |
| 净利润 | $192.5M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 30.0% | 23.1% |
| 净利率 | 23.8% | 29.0% |
| 营收同比 | -17.2% | -9.8% |
| 净利润同比 | -10.2% | 56.7% |
| 每股收益（稀释后） | $1.54 | $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MTDRPR
| Q4 25 | $809.5M | $1.2B | ||
| Q3 25 | $915.1M | $1.3B | ||
| Q2 25 | $925.7M | $1.2B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $978.3M | $1.3B | ||
| Q3 24 | $860.1M | $1.2B | ||
| Q2 24 | $855.2M | $1.2B | ||
| Q1 24 | $785.3M | $1.2B |
净利润MTDRPR
| Q4 25 | $192.5M | $339.5M | ||
| Q3 25 | $176.4M | $59.2M | ||
| Q2 25 | $150.2M | $207.1M | ||
| Q1 25 | $240.1M | $329.3M | ||
| Q4 24 | $214.5M | $216.7M | ||
| Q3 24 | $248.3M | $386.4M | ||
| Q2 24 | $228.8M | $235.1M | ||
| Q1 24 | $193.7M | $146.6M |
营业利润率MTDRPR
| Q4 25 | 30.0% | 23.1% | ||
| Q3 25 | 33.4% | 29.6% | ||
| Q2 25 | 31.2% | 24.8% | ||
| Q1 25 | 38.7% | 36.6% | ||
| Q4 24 | 36.8% | 32.8% | ||
| Q3 24 | 45.6% | 32.5% | ||
| Q2 24 | 42.5% | 36.5% | ||
| Q1 24 | 40.6% | 37.7% |
净利率MTDRPR
| Q4 25 | 23.8% | 29.0% | ||
| Q3 25 | 19.3% | 4.5% | ||
| Q2 25 | 16.2% | 17.3% | ||
| Q1 25 | 23.9% | 23.9% | ||
| Q4 24 | 21.9% | 16.7% | ||
| Q3 24 | 28.9% | 31.8% | ||
| Q2 24 | 26.8% | 18.9% | ||
| Q1 24 | 24.7% | 11.8% |
每股收益（稀释后）MTDRPR
| Q4 25 | $1.54 | $0.48 | ||
| Q3 25 | $1.42 | $0.08 | ||
| Q2 25 | $1.21 | $0.28 | ||
| Q1 25 | $1.92 | $0.44 | ||
| Q4 24 | $1.71 | $0.31 | ||
| Q3 24 | $1.99 | $0.53 | ||
| Q2 24 | $1.83 | $0.36 | ||
| Q1 24 | $1.61 | $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 | $15.3M | $153.7M |
| 总债务越低越好 | $3.4B | $3.5B |
| 股东权益账面价值 | $5.7B | $10.3B |
| 总资产 | $11.7B | $17.9B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MTDRPR
| Q4 25 | $15.3M | $153.7M | ||
| Q3 25 | $20.1M | $111.8M | ||
| Q2 25 | $10.5M | $451.0M | ||
| Q1 25 | $14.5M | $702.2M | ||
| Q4 24 | $23.0M | $479.3M | ||
| Q3 24 | $23.3M | $272.0M | ||
| Q2 24 | $15.2M | $47.8M | ||
| Q1 24 | $23.2M | $12.7M |
总债务MTDRPR
| Q4 25 | $3.4B | $3.5B | ||
| Q3 25 | $3.2B | $3.5B | ||
| Q2 25 | $3.3B | $4.0B | ||
| Q1 25 | $3.2B | $4.0B | ||
| Q4 24 | $3.3B | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益MTDRPR
| Q4 25 | $5.7B | $10.3B | ||
| Q3 25 | $5.5B | $10.0B | ||
| Q2 25 | $5.4B | $9.5B | ||
| Q1 25 | $5.3B | $9.4B | ||
| Q4 24 | $5.1B | $9.1B | ||
| Q3 24 | $4.9B | $9.0B | ||
| Q2 24 | $4.6B | $8.3B | ||
| Q1 24 | $4.4B | $7.0B |
总资产MTDRPR
| Q4 25 | $11.7B | $17.9B | ||
| Q3 25 | $11.6B | $17.3B | ||
| Q2 25 | $11.3B | $17.5B | ||
| Q1 25 | $11.1B | $17.1B | ||
| Q4 24 | $10.9B | $16.9B | ||
| Q3 24 | $10.6B | $16.6B | ||
| Q2 24 | $8.5B | $15.4B | ||
| Q1 24 | $8.2B | $15.1B |
负债/权益比MTDRPR
| Q4 25 | 0.60× | 0.34× | ||
| Q3 25 | 0.58× | 0.35× | ||
| Q2 25 | 0.61× | 0.42× | ||
| Q1 25 | 0.60× | 0.43× | ||
| Q4 24 | 0.65× | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 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 | $474.4M | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $8.1M | — |
| 自由现金流率自由现金流/营收 | 1.0% | — |
| 资本支出强度资本支出/营收 | 57.6% | — |
| 现金转化率经营现金流/净利润 | 2.46× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $269.6M | — |
8季度趋势，按日历期对齐
经营现金流MTDRPR
| Q4 25 | $474.4M | $904.3M | ||
| Q3 25 | $721.7M | $766.5M | ||
| Q2 25 | $501.0M | $1.0B | ||
| Q1 25 | $727.9M | $898.0M | ||
| Q4 24 | $575.0M | $871.6M | ||
| Q3 24 | $610.4M | $954.4M | ||
| Q2 24 | $592.9M | $938.4M | ||
| Q1 24 | $468.6M | $647.6M |
自由现金流MTDRPR
| Q4 25 | $8.1M | — | ||
| Q3 25 | $78.3M | — | ||
| Q2 25 | $9.6M | — | ||
| Q1 25 | $173.6M | — | ||
| Q4 24 | $45.2M | — | ||
| Q3 24 | $-1.6B | — | ||
| Q2 24 | $69.0M | — | ||
| Q1 24 | $-170.0M | — |
自由现金流率MTDRPR
| Q4 25 | 1.0% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | -186.5% | — | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | -21.6% | — |
资本支出强度MTDRPR
| Q4 25 | 57.6% | — | ||
| Q3 25 | 70.3% | — | ||
| Q2 25 | 53.1% | — | ||
| Q1 25 | 55.1% | — | ||
| Q4 24 | 54.2% | — | ||
| Q3 24 | 257.4% | — | ||
| Q2 24 | 61.3% | — | ||
| Q1 24 | 81.3% | — |
现金转化率MTDRPR
| Q4 25 | 2.46× | 2.66× | ||
| Q3 25 | 4.09× | 12.94× | ||
| Q2 25 | 3.34× | 5.01× | ||
| Q1 25 | 3.03× | 2.73× | ||
| Q4 24 | 2.68× | 4.02× | ||
| Q3 24 | 2.46× | 2.47× | ||
| Q2 24 | 2.59× | 3.99× | ||
| Q1 24 | 2.42× | 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
MTDR
| Oil And Gas | $702.8M | 87% |
| Natural Gas Sales | $61.3M | 8% |
| Natural Gas Midstream | $45.4M | 6% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
