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NORTHERN OIL & GAS, INC.（NOG）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是NORTHERN OIL & GAS, INC.的2.0倍（$1.2B vs $610.2M），利氏兄弟拍卖行净利率更高（9.1% vs -11.6%，领先20.7%），利氏兄弟拍卖行同比增速更快（5.4% vs -72.6%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $43.2M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 4.3%）
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
NOG vs RBA — 直观对比
营收规模更大
RBA
是对方的2.0倍
$610.2M
营收增速更快
RBA
高出78.0%
-72.6%
净利率更高
RBA
高出20.7%
-11.6%
自由现金流更多
RBA
多$143.3M
$43.2M
两年增速更快
RBA
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.2M | $1.2B |
| 净利润 | $-70.7M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 14.7% |
| 净利率 | -11.6% | 9.1% |
| 营收同比 | -72.6% | 5.4% |
| 净利润同比 | -198.7% | -7.4% |
| 每股收益（稀释后） | $-0.73 | $0.53 |
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NOGRBA
| Q1 26 | $610.2M | — | ||
| Q4 25 | $610.2M | $1.2B | ||
| Q3 25 | $556.6M | $1.1B | ||
| Q2 25 | $706.8M | $1.2B | ||
| Q1 25 | $602.1M | $1.1B | ||
| Q4 24 | $515.0M | $1.1B | ||
| Q3 24 | $753.6M | $981.8M | ||
| Q2 24 | $560.8M | $1.1B |
净利润NOGRBA
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $109.7M | ||
| Q3 25 | $-129.1M | $95.5M | ||
| Q2 25 | $99.6M | $109.8M | ||
| Q1 25 | $139.0M | $113.4M | ||
| Q4 24 | $71.7M | $118.5M | ||
| Q3 24 | $298.4M | $76.1M | ||
| Q2 24 | $138.6M | $111.1M |
毛利率NOGRBA
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | — | ||
| Q3 25 | 78.7% | — | ||
| Q2 25 | 82.8% | — | ||
| Q1 25 | 81.1% | — | ||
| Q4 24 | 77.4% | — | ||
| Q3 24 | 85.8% | — | ||
| Q2 24 | 82.0% | — |
营业利润率NOGRBA
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 14.7% | ||
| Q3 25 | -22.6% | 14.5% | ||
| Q2 25 | 24.9% | 15.9% | ||
| Q1 25 | 38.1% | 17.1% | ||
| Q4 24 | 25.8% | 18.1% | ||
| Q3 24 | 57.6% | 15.6% | ||
| Q2 24 | 39.0% | 18.4% |
净利率NOGRBA
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 9.1% | ||
| Q3 25 | -23.2% | 8.7% | ||
| Q2 25 | 14.1% | 9.3% | ||
| Q1 25 | 23.1% | 10.2% | ||
| Q4 24 | 13.9% | 10.4% | ||
| Q3 24 | 39.6% | 7.8% | ||
| Q2 24 | 24.7% | 10.1% |
每股收益（稀释后）NOGRBA
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.53 | ||
| Q3 25 | $-1.33 | $0.43 | ||
| Q2 25 | $1.00 | $0.53 | ||
| Q1 25 | $1.39 | $0.55 | ||
| Q4 24 | $0.71 | $0.58 | ||
| Q3 24 | $2.96 | $0.36 | ||
| Q2 24 | $1.36 | $0.54 |
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 | $14.3M | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $2.1B | $5.6B |
| 总资产 | $5.4B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资NOGRBA
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $531.5M | ||
| Q3 25 | $31.6M | $674.7M | ||
| Q2 25 | $25.9M | $710.2M | ||
| Q1 25 | $33.6M | $578.1M | ||
| Q4 24 | $8.9M | $533.9M | ||
| Q3 24 | $34.4M | $650.7M | ||
| Q2 24 | $7.8M | $599.5M |
总债务NOGRBA
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $1.9B | $2.8B |
股东权益NOGRBA
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $2.2B | $5.5B | ||
| Q2 25 | $2.4B | $5.5B | ||
| Q1 25 | $2.4B | $5.3B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.3B | $5.2B | ||
| Q2 24 | $2.1B | $5.2B |
总资产NOGRBA
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $12.1B | ||
| Q3 25 | $5.5B | $12.2B | ||
| Q2 25 | $5.7B | $12.2B | ||
| Q1 25 | $5.7B | $11.9B | ||
| Q4 24 | $5.6B | $11.8B | ||
| Q3 24 | $5.1B | $11.9B | ||
| Q2 24 | $4.7B | $12.1B |
负债/权益比NOGRBA
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 0.42× | ||
| Q3 25 | 1.05× | 0.47× | ||
| Q2 25 | 0.98× | 0.47× | ||
| Q1 25 | 0.96× | 0.50× | ||
| Q4 24 | 1.02× | 0.50× | ||
| Q3 24 | 0.84× | 0.52× | ||
| Q2 24 | 0.91× | 0.55× |
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 | $312.6M | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $43.2M | $186.5M |
| 自由现金流率自由现金流/营收 | 7.1% | 15.5% |
| 资本支出强度资本支出/营收 | 31.5% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $719.2M |
8季度趋势，按日历期对齐
经营现金流NOGRBA
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $255.2M | ||
| Q3 25 | $423.1M | $239.7M | ||
| Q2 25 | $362.1M | $326.5M | ||
| Q1 25 | $407.4M | $156.8M | ||
| Q4 24 | $290.3M | $184.5M | ||
| Q3 24 | $385.8M | $285.4M | ||
| Q2 24 | $340.5M | $337.3M |
自由现金流NOGRBA
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | $186.5M | ||
| Q3 25 | — | $188.5M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.9M | ||
| Q3 24 | — | $248.5M | ||
| Q2 24 | — | $308.6M |
自由现金流率NOGRBA
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 28.2% |
资本支出强度NOGRBA
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 2.6% |
现金转化率NOGRBA
| Q1 26 | — | — | ||
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.51× | ||
| Q2 25 | 3.64× | 2.97× | ||
| Q1 25 | 2.93× | 1.38× | ||
| Q4 24 | 4.05× | 1.56× | ||
| Q3 24 | 1.29× | 3.75× | ||
| Q2 24 | 2.46× | 3.04× |
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
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
