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NATIONAL FUEL GAS CO（NFG）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
NATIONAL FUEL GAS CO的季度营收约是Royalty Pharma plc的1.0倍（$637.9M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 28.5%，领先6.0%），NATIONAL FUEL GAS CO同比增速更快（24.1% vs 4.8%），过去两年NATIONAL FUEL GAS CO的营收复合增速更高（6.9% vs 4.6%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
NFG vs RPRX — 直观对比
营收规模更大
NFG
是对方的1.0倍
$622.0M
营收增速更快
NFG
高出19.4%
4.8%
净利率更高
RPRX
高出6.0%
28.5%
两年增速更快
NFG
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $637.9M | $622.0M |
| 净利润 | $181.6M | $214.2M |
| 毛利率 | 86.6% | — |
| 营业利润率 | 43.3% | 62.4% |
| 净利率 | 28.5% | 34.4% |
| 营收同比 | 24.1% | 4.8% |
| 净利润同比 | 303.8% | 2.9% |
| 每股收益（稀释后） | $1.98 | $0.49 |
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NFGRPRX
| Q4 25 | $637.9M | $622.0M | ||
| Q3 25 | $443.1M | $609.3M | ||
| Q2 25 | $527.4M | $578.7M | ||
| Q1 25 | $734.8M | $568.2M | ||
| Q4 24 | $513.8M | $593.6M | ||
| Q3 24 | $310.0M | $564.7M | ||
| Q2 24 | $338.6M | $537.3M | ||
| Q1 24 | $558.7M | $568.0M |
净利润NFGRPRX
| Q4 25 | $181.6M | $214.2M | ||
| Q3 25 | $107.3M | $288.2M | ||
| Q2 25 | $149.8M | $30.2M | ||
| Q1 25 | $216.4M | $238.3M | ||
| Q4 24 | $45.0M | $208.2M | ||
| Q3 24 | $-167.6M | $544.0M | ||
| Q2 24 | $-54.2M | $102.0M | ||
| Q1 24 | $166.3M | $4.8M |
毛利率NFGRPRX
| Q4 25 | 86.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 94.7% | — | ||
| Q1 25 | 81.6% | — | ||
| Q4 24 | 87.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 98.5% | — | ||
| Q1 24 | 81.0% | — |
营业利润率NFGRPRX
| Q4 25 | 43.3% | 62.4% | ||
| Q3 25 | 40.6% | 70.1% | ||
| Q2 25 | 43.7% | 36.3% | ||
| Q1 25 | 43.2% | 94.0% | ||
| Q4 24 | 16.8% | 60.9% | ||
| Q3 24 | -63.4% | — | ||
| Q2 24 | -15.2% | 50.2% | ||
| Q1 24 | 44.9% | -13.0% |
净利率NFGRPRX
| Q4 25 | 28.5% | 34.4% | ||
| Q3 25 | 24.2% | 47.3% | ||
| Q2 25 | 28.4% | 5.2% | ||
| Q1 25 | 29.4% | 41.9% | ||
| Q4 24 | 8.8% | 35.1% | ||
| Q3 24 | -54.1% | 96.3% | ||
| Q2 24 | -16.0% | 19.0% | ||
| Q1 24 | 29.8% | 0.8% |
每股收益（稀释后）NFGRPRX
| Q4 25 | $1.98 | $0.49 | ||
| Q3 25 | $1.18 | $0.67 | ||
| Q2 25 | $1.64 | $0.07 | ||
| Q1 25 | $2.37 | $0.55 | ||
| Q4 24 | $0.49 | $0.46 | ||
| Q3 24 | $-1.81 | $1.21 | ||
| Q2 24 | $-0.59 | $0.23 | ||
| Q1 24 | $1.80 | $0.01 |
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 | $271.4M | $618.7M |
| 总债务越低越好 | $2.7B | $9.0B |
| 股东权益账面价值 | $3.6B | $9.7B |
| 总资产 | $9.2B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资NFGRPRX
| Q4 25 | $271.4M | $618.7M | ||
| Q3 25 | $43.2M | $938.9M | ||
| Q2 25 | $39.3M | $631.9M | ||
| Q1 25 | $40.0M | $1.1B | ||
| Q4 24 | $48.7M | $929.0M | ||
| Q3 24 | $38.2M | $950.1M | ||
| Q2 24 | $81.4M | $1.8B | ||
| Q1 24 | $50.8M | $843.0M |
总债务NFGRPRX
| Q4 25 | $2.7B | $9.0B | ||
| Q3 25 | $2.7B | $8.9B | ||
| Q2 25 | $2.7B | $8.0B | ||
| Q1 25 | $2.7B | $7.6B | ||
| Q4 24 | $2.7B | $7.6B | ||
| Q3 24 | $2.7B | $7.6B | ||
| Q2 24 | $2.7B | $7.6B | ||
| Q1 24 | $2.4B | $6.1B |
股东权益NFGRPRX
| Q4 25 | $3.6B | $9.7B | ||
| Q3 25 | $3.1B | $9.6B | ||
| Q2 25 | $3.0B | $9.5B | ||
| Q1 25 | $2.8B | $9.8B | ||
| Q4 24 | $-76.2M | $10.3B | ||
| Q3 24 | $-15.5M | $10.3B | ||
| Q2 24 | $5.0M | $9.8B | ||
| Q1 24 | $75.3M | $9.9B |
总资产NFGRPRX
| Q4 25 | $9.2B | $19.6B | ||
| Q3 25 | $8.7B | $19.3B | ||
| Q2 25 | $8.4B | $18.3B | ||
| Q1 25 | $8.5B | $17.6B | ||
| Q4 24 | $8.3B | $18.2B | ||
| Q3 24 | $8.3B | $18.0B | ||
| Q2 24 | $8.5B | $17.7B | ||
| Q1 24 | $8.7B | $16.1B |
负债/权益比NFGRPRX
| Q4 25 | 0.75× | 0.92× | ||
| Q3 25 | 0.87× | 0.93× | ||
| Q2 25 | 0.90× | 0.84× | ||
| Q1 25 | 0.99× | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | 532.10× | 0.78× | ||
| Q1 24 | 31.68× | 0.62× |
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 | $274.9M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-2.7M | — |
| 自由现金流率自由现金流/营收 | -0.4% | — |
| 资本支出强度资本支出/营收 | 43.5% | — |
| 现金转化率经营现金流/净利润 | 1.51× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $204.8M | — |
8季度趋势，按日历期对齐
经营现金流NFGRPRX
| Q4 25 | $274.9M | $827.1M | ||
| Q3 25 | $237.8M | $702.6M | ||
| Q2 25 | $388.4M | $364.0M | ||
| Q1 25 | $253.8M | $596.1M | ||
| Q4 24 | $220.1M | $742.5M | ||
| Q3 24 | $197.9M | $703.6M | ||
| Q2 24 | $281.8M | $658.2M | ||
| Q1 24 | $315.3M | $664.6M |
自由现金流NFGRPRX
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-47.8M | — | ||
| Q2 25 | $195.3M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $-20.3M | — | ||
| Q3 24 | $-49.1M | — | ||
| Q2 24 | $79.5M | — | ||
| Q1 24 | $80.3M | — |
自由现金流率NFGRPRX
| Q4 25 | -0.4% | — | ||
| Q3 25 | -10.8% | — | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -15.8% | — | ||
| Q2 24 | 23.5% | — | ||
| Q1 24 | 14.4% | — |
资本支出强度NFGRPRX
| Q4 25 | 43.5% | — | ||
| Q3 25 | 64.4% | — | ||
| Q2 25 | 36.6% | — | ||
| Q1 25 | 26.4% | — | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 79.7% | — | ||
| Q2 24 | 59.7% | — | ||
| Q1 24 | 42.1% | — |
现金转化率NFGRPRX
| Q4 25 | 1.51× | 3.86× | ||
| Q3 25 | 2.21× | 2.44× | ||
| Q2 25 | 2.59× | 12.06× | ||
| Q1 25 | 1.17× | 2.50× | ||
| Q4 24 | 4.89× | 3.57× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | 1.90× | 139.10× |
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
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
