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NL INDUSTRIES INC（NL）与REDWOOD TRUST INC（RWT）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REDWOOD TRUST INC的1.5倍（$37.7M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -82.2%，领先159.4%），NL INDUSTRIES INC同比增速更快（-1.9% vs -6.1%），过去两年NL INDUSTRIES INC的营收复合增速更高（-0.4% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
NL vs RWT — 直观对比
营收规模更大
NL
是对方的1.5倍
$25.9M
营收增速更快
NL
高出4.2%
-6.1%
净利率更高
RWT
高出159.4%
-82.2%
两年增速更快
NL
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.7M | $25.9M |
| 净利润 | $-31.0M | $20.0M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 7.6% | — |
| 净利率 | -82.2% | 77.2% |
| 营收同比 | -1.9% | -6.1% |
| 净利润同比 | -287.2% | 402.6% |
| 每股收益（稀释后） | $-0.63 | $0.11 |
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NLRWT
| Q4 25 | $37.7M | $25.9M | ||
| Q3 25 | $40.0M | $15.0M | ||
| Q2 25 | $40.4M | $13.8M | ||
| Q1 25 | $40.3M | $27.9M | ||
| Q4 24 | $38.4M | $27.6M | ||
| Q3 24 | $33.7M | $25.5M | ||
| Q2 24 | $35.9M | $67.4M | ||
| Q1 24 | $38.0M | $74.5M |
净利润NLRWT
| Q4 25 | $-31.0M | $20.0M | ||
| Q3 25 | $-7.9M | $-7.7M | ||
| Q2 25 | $355.0K | $-98.5M | ||
| Q1 25 | $667.0K | $16.1M | ||
| Q4 24 | $16.5M | $-6.6M | ||
| Q3 24 | $36.0M | $14.8M | ||
| Q2 24 | $7.8M | $15.5M | ||
| Q1 24 | $6.8M | $30.3M |
毛利率NLRWT
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 28.1% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 25.5% | — |
营业利润率NLRWT
| Q4 25 | 7.6% | — | ||
| Q3 25 | 4.6% | -9.0% | ||
| Q2 25 | 6.9% | -679.0% | ||
| Q1 25 | 7.8% | 80.2% | ||
| Q4 24 | 87.7% | -1.3% | ||
| Q3 24 | 6.0% | 86.1% | ||
| Q2 24 | 2.2% | 30.3% | ||
| Q1 24 | 3.6% | 41.3% |
净利率NLRWT
| Q4 25 | -82.2% | 77.2% | ||
| Q3 25 | -19.7% | -51.4% | ||
| Q2 25 | 0.9% | -712.0% | ||
| Q1 25 | 1.7% | 57.8% | ||
| Q4 24 | 43.1% | -24.0% | ||
| Q3 24 | 107.0% | 58.1% | ||
| Q2 24 | 21.8% | 23.0% | ||
| Q1 24 | 18.0% | 40.6% |
每股收益（稀释后）NLRWT
| Q4 25 | $-0.63 | $0.11 | ||
| Q3 25 | $-0.16 | $-0.08 | ||
| Q2 25 | $0.01 | $-0.76 | ||
| Q1 25 | $0.01 | $0.10 | ||
| Q4 24 | $0.34 | $-0.08 | ||
| Q3 24 | $0.74 | $0.09 | ||
| Q2 24 | $0.16 | $0.10 | ||
| 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 | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $358.8M | $982.6M |
| 总资产 | $464.2M | $23.7B |
| 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NLRWT
| Q4 25 | $110.6M | $255.7M | ||
| Q3 25 | $101.9M | $226.3M | ||
| Q2 25 | $111.5M | $302.0M | ||
| Q1 25 | $110.0M | $259.9M | ||
| Q4 24 | $163.2M | $245.2M | ||
| Q3 24 | $146.0M | $253.7M | ||
| Q2 24 | $179.4M | $275.6M | ||
| Q1 24 | $167.9M | $275.4M |
总债务NLRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益NLRWT
| Q4 25 | $358.8M | $982.6M | ||
| Q3 25 | $375.4M | $999.0M | ||
| Q2 25 | $397.6M | $1.1B | ||
| Q1 25 | $397.6M | $1.2B | ||
| Q4 24 | $396.9M | $1.2B | ||
| Q3 24 | $386.0M | $1.2B | ||
| Q2 24 | $373.1M | $1.2B | ||
| Q1 24 | $368.1M | $1.2B |
总资产NLRWT
| Q4 25 | $464.2M | $23.7B | ||
| Q3 25 | $500.2M | $22.6B | ||
| Q2 25 | $523.7M | $21.3B | ||
| Q1 25 | $520.0M | $19.9B | ||
| Q4 24 | $578.3M | $18.3B | ||
| Q3 24 | $585.6M | $18.4B | ||
| Q2 24 | $580.0M | $16.5B | ||
| Q1 24 | $568.8M | $15.1B |
负债/权益比NLRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-4.7M | — |
| 自由现金流率自由现金流/营收 | -12.6% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-40.1M | — |
8季度趋势，按日历期对齐
经营现金流NLRWT
| Q4 25 | $-4.2M | $-10.1B | ||
| Q3 25 | $7.9M | $-2.7B | ||
| Q2 25 | $7.3M | $-2.1B | ||
| Q1 25 | $-47.5M | $-2.0B | ||
| Q4 24 | $9.0M | $-5.9B | ||
| Q3 24 | $-5.7M | $-2.1B | ||
| Q2 24 | $15.5M | $-2.0B | ||
| Q1 24 | $6.7M | $-954.2M |
自由现金流NLRWT
| Q4 25 | $-4.7M | — | ||
| Q3 25 | $7.0M | — | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $-48.3M | — | ||
| Q4 24 | $8.7M | — | ||
| Q3 24 | $-6.1M | — | ||
| Q2 24 | $15.1M | — | ||
| Q1 24 | $6.4M | — |
自由现金流率NLRWT
| Q4 25 | -12.6% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | -119.9% | — | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | -18.3% | — | ||
| Q2 24 | 42.1% | — | ||
| Q1 24 | 17.0% | — |
资本支出强度NLRWT
| Q4 25 | 1.6% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 0.8% | — |
现金转化率NLRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.53× | — | ||
| Q1 25 | -71.18× | -120.92× | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | -0.16× | -140.86× | ||
| Q2 24 | 1.98× | -126.56× | ||
| Q1 24 | 0.99× | -31.53× |
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% |
RWT
暂无分部数据
