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NACCO INDUSTRIES INC（NC）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是NACCO INDUSTRIES INC的1.8倍（$117.7M vs $66.8M），NACCO INDUSTRIES INC净利率更高（-5.8% vs -10.8%，领先5.0%），NACCO INDUSTRIES INC同比增速更快（-5.2% vs -19.2%），过去两年NACCO INDUSTRIES INC的营收复合增速更高（11.9% vs -11.8%）
纳科工业是一家总部位于美国俄亥俄州克利夫兰的上市控股公司，核心业务聚焦采矿与自然资源领域，旗下划分煤炭开采、北美采矿、矿产管理三大业务板块。其中煤炭开采板块采用服务型商业模式，依据长期合约为发电企业及活性炭生产商运营露天煤矿。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
NC vs RGP — 直观对比
营收规模更大
RGP
是对方的1.8倍
$66.8M
营收增速更快
NC
高出14.0%
-19.2%
净利率更高
NC
高出5.0%
-10.8%
两年增速更快
NC
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $66.8M | $117.7M |
| 净利润 | $-3.8M | $-12.7M |
| 毛利率 | 18.0% | 37.1% |
| 营业利润率 | 11.3% | -10.3% |
| 净利率 | -5.8% | -10.8% |
| 营收同比 | -5.2% | -19.2% |
| 净利润同比 | -150.8% | 81.6% |
| 每股收益（稀释后） | $-0.53 | $-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NCRGP
| Q4 25 | $66.8M | $117.7M | ||
| Q3 25 | $76.6M | $120.2M | ||
| Q2 25 | $68.2M | $139.3M | ||
| Q1 25 | $65.6M | $129.4M | ||
| Q4 24 | $70.4M | $145.6M | ||
| Q3 24 | $61.7M | $136.9M | ||
| Q2 24 | $52.3M | $148.2M | ||
| Q1 24 | $53.3M | $151.3M |
净利润NCRGP
| Q4 25 | $-3.8M | $-12.7M | ||
| Q3 25 | $13.3M | $-2.4M | ||
| Q2 25 | $3.3M | $-73.3M | ||
| Q1 25 | $4.9M | $-44.1M | ||
| Q4 24 | $7.6M | $-68.7M | ||
| Q3 24 | $15.6M | $-5.7M | ||
| Q2 24 | $6.0M | $10.5M | ||
| Q1 24 | $4.6M | $2.5M |
毛利率NCRGP
| Q4 25 | 18.0% | 37.1% | ||
| Q3 25 | 13.0% | 39.5% | ||
| Q2 25 | 10.0% | 40.2% | ||
| Q1 25 | 14.7% | 35.1% | ||
| Q4 24 | 12.0% | 38.5% | ||
| Q3 24 | 11.7% | 36.5% | ||
| Q2 24 | 13.4% | 40.2% | ||
| Q1 24 | 13.2% | 37.0% |
营业利润率NCRGP
| Q4 25 | 11.3% | -10.3% | ||
| Q3 25 | 8.8% | -1.7% | ||
| Q2 25 | -0.1% | -47.0% | ||
| Q1 25 | 11.7% | -38.4% | ||
| Q4 24 | 5.5% | -52.7% | ||
| Q3 24 | 31.9% | -3.5% | ||
| Q2 24 | 14.1% | 7.6% | ||
| Q1 24 | 8.9% | 2.8% |
净利率NCRGP
| Q4 25 | -5.8% | -10.8% | ||
| Q3 25 | 17.3% | -2.0% | ||
| Q2 25 | 4.8% | -52.6% | ||
| Q1 25 | 7.5% | -34.0% | ||
| Q4 24 | 10.7% | -47.2% | ||
| Q3 24 | 25.4% | -4.2% | ||
| Q2 24 | 11.4% | 7.1% | ||
| Q1 24 | 8.6% | 1.7% |
每股收益（稀释后）NCRGP
| Q4 25 | $-0.53 | $-0.38 | ||
| Q3 25 | $1.78 | $-0.07 | ||
| Q2 25 | $0.44 | $-2.21 | ||
| Q1 25 | $0.66 | $-1.34 | ||
| Q4 24 | $0.99 | $-2.08 | ||
| Q3 24 | $2.14 | $-0.17 | ||
| Q2 24 | $0.81 | $0.31 | ||
| Q1 24 | $0.61 | $0.08 |
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 | $49.7M | $89.8M |
| 总债务越低越好 | $100.8M | — |
| 股东权益账面价值 | $429.2M | $194.6M |
| 总资产 | $661.2M | $289.3M |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资NCRGP
| Q4 25 | $49.7M | $89.8M | ||
| Q3 25 | $52.7M | $77.5M | ||
| Q2 25 | $49.4M | $86.1M | ||
| Q1 25 | $61.9M | $72.5M | ||
| Q4 24 | $72.8M | $78.2M | ||
| Q3 24 | $63.1M | $89.6M | ||
| Q2 24 | $62.4M | $108.9M | ||
| Q1 24 | $61.8M | $113.8M |
总债务NCRGP
| Q4 25 | $100.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $99.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $29.0M | — | ||
| Q1 24 | $28.4M | — |
股东权益NCRGP
| Q4 25 | $429.2M | $194.6M | ||
| Q3 25 | $426.4M | $206.4M | ||
| Q2 25 | $413.1M | $207.1M | ||
| Q1 25 | $409.1M | $277.8M | ||
| Q4 24 | $404.9M | $325.7M | ||
| Q3 24 | $397.3M | $407.2M | ||
| Q2 24 | $384.1M | $418.8M | ||
| Q1 24 | $381.6M | $414.9M |
总资产NCRGP
| Q4 25 | $661.2M | $289.3M | ||
| Q3 25 | $637.6M | $287.2M | ||
| Q2 25 | $631.3M | $304.7M | ||
| Q1 25 | $634.2M | $375.6M | ||
| Q4 24 | $631.7M | $424.9M | ||
| Q3 24 | $597.4M | $512.9M | ||
| Q2 24 | $560.1M | $510.9M | ||
| Q1 24 | $538.0M | $523.2M |
负债/权益比NCRGP
| Q4 25 | 0.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.08× | — | ||
| Q1 24 | 0.07× | — |
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 | $11.4M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | — | $15.6M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 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 | — | $24.3M |
8季度趋势，按日历期对齐
经营现金流NCRGP
| Q4 25 | $11.4M | $15.9M | ||
| Q3 25 | $42.3M | $-7.8M | ||
| Q2 25 | $-7.8M | $16.8M | ||
| Q1 25 | $5.0M | $659.0K | ||
| Q4 24 | $25.2M | $1.8M | ||
| Q3 24 | $2.8M | $-309.0K | ||
| Q2 24 | $4.1M | $3.2M | ||
| Q1 24 | $-9.8M | $20.5M |
自由现金流NCRGP
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-8.0M | ||
| Q2 25 | — | $16.5M | ||
| Q1 25 | — | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | — | $-575.0K | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $20.4M |
自由现金流率NCRGP
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 13.5% |
资本支出强度NCRGP
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
现金转化率NCRGP
| Q4 25 | — | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | -2.39× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.33× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.68× | 0.30× | ||
| Q1 24 | -2.14× | 8.04× |
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
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
