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Matador Resources Co（MTDR）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Sunrun Inc.的季度营收约是Matador Resources Co的1.4倍（$1.2B vs $809.5M），Matador Resources Co净利率更高（23.8% vs 8.9%，领先14.8%），Sunrun Inc.同比增速更快（123.5% vs -17.2%），过去两年Sunrun Inc.的营收复合增速更高（59.0% 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。
Sunrun Inc.是美国知名的光伏系统及电池储能产品供应商，业务以服务住宅客户为主，2007年成立，总部位于加利福尼亚州旧金山，致力于为家庭用户提供高效的清洁能源解决方案。
MTDR vs RUN — 直观对比
营收规模更大
RUN
是对方的1.4倍
$809.5M
营收增速更快
RUN
高出140.7%
-17.2%
净利率更高
MTDR
高出14.8%
8.9%
两年增速更快
RUN
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 | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 30.0% | 8.4% |
| 净利率 | 23.8% | 8.9% |
| 营收同比 | -17.2% | 123.5% |
| 净利润同比 | -10.2% | 103.7% |
| 每股收益（稀释后） | $1.54 | $0.38 |
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MTDRRUN
| Q4 25 | $809.5M | $1.2B | ||
| Q3 25 | $915.1M | $724.6M | ||
| Q2 25 | $925.7M | $569.3M | ||
| Q1 25 | $1.0B | $504.3M | ||
| Q4 24 | $978.3M | $518.5M | ||
| Q3 24 | $860.1M | $537.2M | ||
| Q2 24 | $855.2M | $523.9M | ||
| Q1 24 | $785.3M | $458.2M |
净利润MTDRRUN
| Q4 25 | $192.5M | $103.6M | ||
| Q3 25 | $176.4M | $16.6M | ||
| Q2 25 | $150.2M | $279.8M | ||
| Q1 25 | $240.1M | $50.0M | ||
| Q4 24 | $214.5M | $-2.8B | ||
| Q3 24 | $248.3M | $-83.8M | ||
| Q2 24 | $228.8M | $139.1M | ||
| Q1 24 | $193.7M | $-87.8M |
营业利润率MTDRRUN
| Q4 25 | 30.0% | 8.4% | ||
| Q3 25 | 33.4% | 0.5% | ||
| Q2 25 | 31.2% | -19.7% | ||
| Q1 25 | 38.7% | -22.8% | ||
| Q4 24 | 36.8% | -628.0% | ||
| Q3 24 | 45.6% | -23.8% | ||
| Q2 24 | 42.5% | -24.4% | ||
| Q1 24 | 40.6% | -40.0% |
净利率MTDRRUN
| Q4 25 | 23.8% | 8.9% | ||
| Q3 25 | 19.3% | 2.3% | ||
| Q2 25 | 16.2% | 49.1% | ||
| Q1 25 | 23.9% | 9.9% | ||
| Q4 24 | 21.9% | -542.7% | ||
| Q3 24 | 28.9% | -15.6% | ||
| Q2 24 | 26.8% | 26.5% | ||
| Q1 24 | 24.7% | -19.2% |
每股收益（稀释后）MTDRRUN
| Q4 25 | $1.54 | $0.38 | ||
| Q3 25 | $1.42 | $0.06 | ||
| Q2 25 | $1.21 | $1.07 | ||
| Q1 25 | $1.92 | $0.20 | ||
| Q4 24 | $1.71 | $-12.59 | ||
| Q3 24 | $1.99 | $-0.37 | ||
| Q2 24 | $1.83 | $0.55 | ||
| Q1 24 | $1.61 | $-0.40 |
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 | — |
| 总债务越低越好 | $3.4B | $14.7B |
| 股东权益账面价值 | $5.7B | $3.1B |
| 总资产 | $11.7B | $22.6B |
| 负债/权益比越低杠杆越低 | 0.60× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资MTDRRUN
| Q4 25 | $15.3M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $14.5M | — | ||
| Q4 24 | $23.0M | — | ||
| Q3 24 | $23.3M | — | ||
| Q2 24 | $15.2M | — | ||
| Q1 24 | $23.2M | — |
总债务MTDRRUN
| Q4 25 | $3.4B | $14.7B | ||
| Q3 25 | $3.2B | $14.6B | ||
| Q2 25 | $3.3B | $14.0B | ||
| Q1 25 | $3.2B | $13.6B | ||
| Q4 24 | $3.3B | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益MTDRRUN
| Q4 25 | $5.7B | $3.1B | ||
| Q3 25 | $5.5B | $3.0B | ||
| Q2 25 | $5.4B | $2.9B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $4.9B | $5.3B | ||
| Q2 24 | $4.6B | $5.4B | ||
| Q1 24 | $4.4B | $5.2B |
总资产MTDRRUN
| Q4 25 | $11.7B | $22.6B | ||
| Q3 25 | $11.6B | $22.2B | ||
| Q2 25 | $11.3B | $21.2B | ||
| Q1 25 | $11.1B | $20.4B | ||
| Q4 24 | $10.9B | $19.9B | ||
| Q3 24 | $10.6B | $22.1B | ||
| Q2 24 | $8.5B | $21.4B | ||
| Q1 24 | $8.2B | $20.8B |
负债/权益比MTDRRUN
| Q4 25 | 0.60× | 4.69× | ||
| Q3 25 | 0.58× | 4.90× | ||
| Q2 25 | 0.61× | 4.80× | ||
| Q1 25 | 0.60× | 5.19× | ||
| Q4 24 | 0.65× | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 2.15× |
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 | $96.9M |
| 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× | 0.94× |
| 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MTDRRUN
| Q4 25 | $474.4M | $96.9M | ||
| Q3 25 | $721.7M | $-121.5M | ||
| Q2 25 | $501.0M | $-292.7M | ||
| Q1 25 | $727.9M | $-104.2M | ||
| Q4 24 | $575.0M | $-258.4M | ||
| Q3 24 | $610.4M | $-156.2M | ||
| Q2 24 | $592.9M | $-208.5M | ||
| Q1 24 | $468.6M | $-143.1M |
自由现金流MTDRRUN
| Q4 25 | $8.1M | — | ||
| Q3 25 | $78.3M | — | ||
| Q2 25 | $9.6M | — | ||
| Q1 25 | $173.6M | — | ||
| Q4 24 | $45.2M | — | ||
| Q3 24 | $-1.6B | $-156.4M | ||
| Q2 24 | $69.0M | — | ||
| Q1 24 | $-170.0M | — |
自由现金流率MTDRRUN
| Q4 25 | 1.0% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | -186.5% | -29.1% | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | -21.6% | — |
资本支出强度MTDRRUN
| Q4 25 | 57.6% | — | ||
| Q3 25 | 70.3% | — | ||
| Q2 25 | 53.1% | — | ||
| Q1 25 | 55.1% | — | ||
| Q4 24 | 54.2% | — | ||
| Q3 24 | 257.4% | 0.0% | ||
| Q2 24 | 61.3% | — | ||
| Q1 24 | 81.3% | — |
现金转化率MTDRRUN
| Q4 25 | 2.46× | 0.94× | ||
| Q3 25 | 4.09× | -7.33× | ||
| Q2 25 | 3.34× | -1.05× | ||
| Q1 25 | 3.03× | -2.08× | ||
| Q4 24 | 2.68× | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | 2.59× | -1.50× | ||
| Q1 24 | 2.42× | — |
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% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
