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NL INDUSTRIES INC（NL）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
NL INDUSTRIES INC的季度营收约是Rumble Inc.的1.4倍（$37.7M vs $27.1M），NL INDUSTRIES INC净利率更高（-82.2% vs -120.8%，领先38.6%），NL INDUSTRIES INC同比增速更快（-1.9% vs -10.5%），NL INDUSTRIES INC自由现金流更多（$-4.7M vs $-31.7M），过去两年Rumble Inc.的营收复合增速更高（15.2% vs -0.4%）
NL工业公司前身为国民铅业公司，是一家铅冶炼企业，目前总部位于美国得克萨斯州休斯顿。该企业历史底蕴深厚，早在1896年5月26日道琼斯工业平均指数创立之初，NL工业就是最初纳入指数的12只成分股之一。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
NL vs RUM — 直观对比
营收规模更大
NL
是对方的1.4倍
$27.1M
营收增速更快
NL
高出8.6%
-10.5%
净利率更高
NL
高出38.6%
-120.8%
自由现金流更多
NL
多$27.0M
$-31.7M
两年增速更快
RUM
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.7M | $27.1M |
| 净利润 | $-31.0M | $-32.7M |
| 毛利率 | 32.1% | 5.5% |
| 营业利润率 | 7.6% | -131.1% |
| 净利率 | -82.2% | -120.8% |
| 营收同比 | -1.9% | -10.5% |
| 净利润同比 | -287.2% | 86.2% |
| 每股收益（稀释后） | $-0.63 | $-0.13 |
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NLRUM
| Q4 25 | $37.7M | $27.1M | ||
| Q3 25 | $40.0M | $24.8M | ||
| Q2 25 | $40.4M | — | ||
| Q1 25 | $40.3M | $23.7M | ||
| Q4 24 | $38.4M | $30.2M | ||
| Q3 24 | $33.7M | $25.1M | ||
| Q2 24 | $35.9M | $22.5M | ||
| Q1 24 | $38.0M | $17.7M |
净利润NLRUM
| Q4 25 | $-31.0M | $-32.7M | ||
| Q3 25 | $-7.9M | $-16.3M | ||
| Q2 25 | $355.0K | — | ||
| Q1 25 | $667.0K | $-2.7M | ||
| Q4 24 | $16.5M | $-236.8M | ||
| Q3 24 | $36.0M | $-31.5M | ||
| Q2 24 | $7.8M | $-26.8M | ||
| Q1 24 | $6.8M | $-43.3M |
毛利率NLRUM
| Q4 25 | 32.1% | 5.5% | ||
| Q3 25 | 27.6% | -1.8% | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 30.2% | -26.7% | ||
| Q4 24 | 28.8% | -14.2% | ||
| Q3 24 | 28.1% | -45.4% | ||
| Q2 24 | 31.1% | -58.8% | ||
| Q1 24 | 25.5% | -79.5% |
营业利润率NLRUM
| Q4 25 | 7.6% | -131.1% | ||
| Q3 25 | 4.6% | -113.6% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 7.8% | -153.5% | ||
| Q4 24 | 87.7% | -80.1% | ||
| Q3 24 | 6.0% | -131.0% | ||
| Q2 24 | 2.2% | -172.7% | ||
| Q1 24 | 3.6% | -197.4% |
净利率NLRUM
| Q4 25 | -82.2% | -120.8% | ||
| Q3 25 | -19.7% | -65.7% | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.7% | -11.2% | ||
| Q4 24 | 43.1% | -783.2% | ||
| Q3 24 | 107.0% | -125.9% | ||
| Q2 24 | 21.8% | -119.2% | ||
| Q1 24 | 18.0% | -244.1% |
每股收益（稀释后）NLRUM
| Q4 25 | $-0.63 | $-0.13 | ||
| Q3 25 | $-0.16 | $-0.06 | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $0.01 | $-0.01 | ||
| Q4 24 | $0.34 | $-1.17 | ||
| Q3 24 | $0.74 | $-0.15 | ||
| Q2 24 | $0.16 | $-0.13 | ||
| Q1 24 | $0.14 | $-0.21 |
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 | $110.6M | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $358.8M | $274.8M |
| 总资产 | $464.2M | $336.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NLRUM
| Q4 25 | $110.6M | $237.9M | ||
| Q3 25 | $101.9M | $269.8M | ||
| Q2 25 | $111.5M | — | ||
| Q1 25 | $110.0M | $301.3M | ||
| Q4 24 | $163.2M | $114.0M | ||
| Q3 24 | $146.0M | $132.0M | ||
| Q2 24 | $179.4M | $154.2M | ||
| Q1 24 | $167.9M | $183.8M |
股东权益NLRUM
| Q4 25 | $358.8M | $274.8M | ||
| Q3 25 | $375.4M | $302.2M | ||
| Q2 25 | $397.6M | — | ||
| Q1 25 | $397.6M | $339.6M | ||
| Q4 24 | $396.9M | $-63.1M | ||
| Q3 24 | $386.0M | $166.1M | ||
| Q2 24 | $373.1M | $192.7M | ||
| Q1 24 | $368.1M | $210.7M |
总资产NLRUM
| Q4 25 | $464.2M | $336.8M | ||
| Q3 25 | $500.2M | $367.2M | ||
| Q2 25 | $523.7M | — | ||
| Q1 25 | $520.0M | $391.1M | ||
| Q4 24 | $578.3M | $195.3M | ||
| Q3 24 | $585.6M | $217.2M | ||
| Q2 24 | $580.0M | $243.2M | ||
| Q1 24 | $568.8M | $263.0M |
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 | $-4.2M | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.7M | $-31.7M |
| 自由现金流率自由现金流/营收 | -12.6% | -117.2% |
| 资本支出强度资本支出/营收 | 1.6% | 8.5% |
| 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 | $-40.1M | $-70.8M |
8季度趋势，按日历期对齐
经营现金流NLRUM
| Q4 25 | $-4.2M | $-29.4M | ||
| Q3 25 | $7.9M | $-10.6M | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $-47.5M | $-14.5M | ||
| Q4 24 | $9.0M | $-12.4M | ||
| Q3 24 | $-5.7M | $-19.1M | ||
| Q2 24 | $15.5M | $-21.7M | ||
| Q1 24 | $6.7M | $-33.9M |
自由现金流NLRUM
| Q4 25 | $-4.7M | $-31.7M | ||
| Q3 25 | $7.0M | $-12.0M | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $-48.3M | $-14.6M | ||
| Q4 24 | $8.7M | $-12.4M | ||
| Q3 24 | $-6.1M | $-19.9M | ||
| Q2 24 | $15.1M | $-23.1M | ||
| Q1 24 | $6.4M | $-34.3M |
自由现金流率NLRUM
| Q4 25 | -12.6% | -117.2% | ||
| Q3 25 | 17.4% | -48.6% | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | -119.9% | -61.7% | ||
| Q4 24 | 22.8% | -40.9% | ||
| Q3 24 | -18.3% | -79.5% | ||
| Q2 24 | 42.1% | -102.8% | ||
| Q1 24 | 17.0% | -193.3% |
资本支出强度NLRUM
| Q4 25 | 1.6% | 8.5% | ||
| Q3 25 | 2.5% | 5.7% | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.0% | 0.6% | ||
| Q4 24 | 0.6% | 0.1% | ||
| Q3 24 | 1.4% | 3.4% | ||
| Q2 24 | 1.2% | 6.1% | ||
| Q1 24 | 0.8% | 2.4% |
现金转化率NLRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.53× | — | ||
| Q1 25 | -71.18× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 0.99× | — |
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
NL
| Security Products | $29.5M | 78% |
| Marine Components | $8.2M | 22% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
