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Matador Resources Co（MTDR）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是Matador Resources Co的1.5倍（$1.2B vs $809.5M），Matador Resources Co净利率更高（23.8% vs 9.1%，领先14.7%），利氏兄弟拍卖行同比增速更快（5.4% vs -17.2%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $8.1M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 1.5%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
MTDR vs RBA — 直观对比
营收规模更大
RBA
是对方的1.5倍
$809.5M
营收增速更快
RBA
高出22.7%
-17.2%
净利率更高
MTDR
高出14.7%
9.1%
自由现金流更多
RBA
多$178.4M
$8.1M
两年增速更快
RBA
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $809.5M | $1.2B |
| 净利润 | $192.5M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 30.0% | 14.7% |
| 净利率 | 23.8% | 9.1% |
| 营收同比 | -17.2% | 5.4% |
| 净利润同比 | -10.2% | -7.4% |
| 每股收益（稀释后） | $1.54 | $0.53 |
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MTDRRBA
| Q4 25 | $809.5M | $1.2B | ||
| Q3 25 | $915.1M | $1.1B | ||
| Q2 25 | $925.7M | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $978.3M | $1.1B | ||
| Q3 24 | $860.1M | $981.8M | ||
| Q2 24 | $855.2M | $1.1B | ||
| Q1 24 | $785.3M | $1.1B |
净利润MTDRRBA
| Q4 25 | $192.5M | $109.7M | ||
| Q3 25 | $176.4M | $95.5M | ||
| Q2 25 | $150.2M | $109.8M | ||
| Q1 25 | $240.1M | $113.4M | ||
| Q4 24 | $214.5M | $118.5M | ||
| Q3 24 | $248.3M | $76.1M | ||
| Q2 24 | $228.8M | $111.1M | ||
| Q1 24 | $193.7M | $107.4M |
营业利润率MTDRRBA
| Q4 25 | 30.0% | 14.7% | ||
| Q3 25 | 33.4% | 14.5% | ||
| Q2 25 | 31.2% | 15.9% | ||
| Q1 25 | 38.7% | 17.1% | ||
| Q4 24 | 36.8% | 18.1% | ||
| Q3 24 | 45.6% | 15.6% | ||
| Q2 24 | 42.5% | 18.4% | ||
| Q1 24 | 40.6% | 18.7% |
净利率MTDRRBA
| Q4 25 | 23.8% | 9.1% | ||
| Q3 25 | 19.3% | 8.7% | ||
| Q2 25 | 16.2% | 9.3% | ||
| Q1 25 | 23.9% | 10.2% | ||
| Q4 24 | 21.9% | 10.4% | ||
| Q3 24 | 28.9% | 7.8% | ||
| Q2 24 | 26.8% | 10.1% | ||
| Q1 24 | 24.7% | 10.1% |
每股收益（稀释后）MTDRRBA
| Q4 25 | $1.54 | $0.53 | ||
| Q3 25 | $1.42 | $0.43 | ||
| Q2 25 | $1.21 | $0.53 | ||
| Q1 25 | $1.92 | $0.55 | ||
| Q4 24 | $1.71 | $0.58 | ||
| Q3 24 | $1.99 | $0.36 | ||
| Q2 24 | $1.83 | $0.54 | ||
| Q1 24 | $1.61 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $3.4B | $2.3B |
| 股东权益账面价值 | $5.7B | $5.6B |
| 总资产 | $11.7B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资MTDRRBA
| Q4 25 | $15.3M | $531.5M | ||
| Q3 25 | $20.1M | $674.7M | ||
| Q2 25 | $10.5M | $710.2M | ||
| Q1 25 | $14.5M | $578.1M | ||
| Q4 24 | $23.0M | $533.9M | ||
| Q3 24 | $23.3M | $650.7M | ||
| Q2 24 | $15.2M | $599.5M | ||
| Q1 24 | $23.2M | $462.8M |
总债务MTDRRBA
| Q4 25 | $3.4B | $2.3B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.2B | $2.6B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益MTDRRBA
| Q4 25 | $5.7B | $5.6B | ||
| Q3 25 | $5.5B | $5.5B | ||
| Q2 25 | $5.4B | $5.5B | ||
| Q1 25 | $5.3B | $5.3B | ||
| Q4 24 | $5.1B | $5.2B | ||
| Q3 24 | $4.9B | $5.2B | ||
| Q2 24 | $4.6B | $5.2B | ||
| Q1 24 | $4.4B | $5.1B |
总资产MTDRRBA
| Q4 25 | $11.7B | $12.1B | ||
| Q3 25 | $11.6B | $12.2B | ||
| Q2 25 | $11.3B | $12.2B | ||
| Q1 25 | $11.1B | $11.9B | ||
| Q4 24 | $10.9B | $11.8B | ||
| Q3 24 | $10.6B | $11.9B | ||
| Q2 24 | $8.5B | $12.1B | ||
| Q1 24 | $8.2B | $12.0B |
负债/权益比MTDRRBA
| Q4 25 | 0.60× | 0.42× | ||
| Q3 25 | 0.58× | 0.47× | ||
| Q2 25 | 0.61× | 0.47× | ||
| Q1 25 | 0.60× | 0.50× | ||
| Q4 24 | 0.65× | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $8.1M | $186.5M |
| 自由现金流率自由现金流/营收 | 1.0% | 15.5% |
| 资本支出强度资本支出/营收 | 57.6% | 5.7% |
| 现金转化率经营现金流/净利润 | 2.46× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $269.6M | $719.2M |
8季度趋势，按日历期对齐
经营现金流MTDRRBA
| Q4 25 | $474.4M | $255.2M | ||
| Q3 25 | $721.7M | $239.7M | ||
| Q2 25 | $501.0M | $326.5M | ||
| Q1 25 | $727.9M | $156.8M | ||
| Q4 24 | $575.0M | $184.5M | ||
| Q3 24 | $610.4M | $285.4M | ||
| Q2 24 | $592.9M | $337.3M | ||
| Q1 24 | $468.6M | $124.8M |
自由现金流MTDRRBA
| Q4 25 | $8.1M | $186.5M | ||
| Q3 25 | $78.3M | $188.5M | ||
| Q2 25 | $9.6M | $241.7M | ||
| Q1 25 | $173.6M | $102.5M | ||
| Q4 24 | $45.2M | $127.9M | ||
| Q3 24 | $-1.6B | $248.5M | ||
| Q2 24 | $69.0M | $308.6M | ||
| Q1 24 | $-170.0M | $79.6M |
自由现金流率MTDRRBA
| Q4 25 | 1.0% | 15.5% | ||
| Q3 25 | 8.6% | 17.3% | ||
| Q2 25 | 1.0% | 20.4% | ||
| Q1 25 | 17.3% | 9.2% | ||
| Q4 24 | 4.6% | 11.2% | ||
| Q3 24 | -186.5% | 25.3% | ||
| Q2 24 | 8.1% | 28.2% | ||
| Q1 24 | -21.6% | 7.5% |
资本支出强度MTDRRBA
| Q4 25 | 57.6% | 5.7% | ||
| Q3 25 | 70.3% | 4.7% | ||
| Q2 25 | 53.1% | 7.2% | ||
| Q1 25 | 55.1% | 4.9% | ||
| Q4 24 | 54.2% | 5.0% | ||
| Q3 24 | 257.4% | 3.8% | ||
| Q2 24 | 61.3% | 2.6% | ||
| Q1 24 | 81.3% | 4.2% |
现金转化率MTDRRBA
| Q4 25 | 2.46× | 2.33× | ||
| Q3 25 | 4.09× | 2.51× | ||
| Q2 25 | 3.34× | 2.97× | ||
| Q1 25 | 3.03× | 1.38× | ||
| Q4 24 | 2.68× | 1.56× | ||
| Q3 24 | 2.46× | 3.75× | ||
| Q2 24 | 2.59× | 3.04× | ||
| Q1 24 | 2.42× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
