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NATURAL RESOURCE PARTNERS LP（NRP）与REGENXBIO Inc.（RGNX）财务数据对比。点击上方公司名可切换其他公司
NATURAL RESOURCE PARTNERS LP的季度营收约是REGENXBIO Inc.的1.7倍（$51.3M vs $30.3M），NATURAL RESOURCE PARTNERS LP净利率更高（78.5% vs -221.3%，领先299.9%），REGENXBIO Inc.同比增速更快（43.0% vs -21.8%），过去两年REGENXBIO Inc.的营收复合增速更高（39.4% vs -8.3%）
Natural Resource Partners LP是总部位于美国的业主有限合伙企业，主要持有、管理及出租矿产储备权益，资产涵盖煤炭、集料、工业矿物与油气资源，业务主要布局于北美地区，核心收入来自第三方资源开采企业支付的特许权使用费。
REGENXBIO Inc.是一家临床阶段生物技术企业，专注于开发针对罕见及严重遗传疾病的突破性基因疗法。公司拥有专有的腺相关病毒载体技术，既向全球生物制药合作伙伴提供技术授权，也自主推进多疾病领域的基因疗法管线研发。
NRP vs RGNX — 直观对比
营收规模更大
NRP
是对方的1.7倍
$30.3M
营收增速更快
RGNX
高出64.8%
-21.8%
净利率更高
NRP
高出299.9%
-221.3%
两年增速更快
RGNX
近两年复合增速
-8.3%
损益表 — Q1 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.3M | $30.3M |
| 净利润 | $40.3M | $-67.1M |
| 毛利率 | — | — |
| 营业利润率 | 83.7% | -190.0% |
| 净利率 | 78.5% | -221.3% |
| 营收同比 | -21.8% | 43.0% |
| 净利润同比 | -28.4% | -31.2% |
| 每股收益（稀释后） | — | $-1.30 |
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NRPRGNX
| Q4 25 | — | $30.3M | ||
| Q3 25 | — | $29.7M | ||
| Q2 25 | — | $21.4M | ||
| Q1 25 | $51.3M | $89.0M | ||
| Q4 24 | $61.8M | $21.2M | ||
| Q3 24 | $50.4M | $24.2M | ||
| Q2 24 | $54.6M | $22.3M | ||
| Q1 24 | $65.6M | $15.6M |
净利润NRPRGNX
| Q4 25 | — | $-67.1M | ||
| Q3 25 | — | $-61.9M | ||
| Q2 25 | — | $-70.9M | ||
| Q1 25 | $40.3M | $6.1M | ||
| Q4 24 | $42.8M | $-51.2M | ||
| Q3 24 | $38.6M | $-59.6M | ||
| Q2 24 | $46.1M | $-53.0M | ||
| Q1 24 | $56.2M | $-63.3M |
毛利率NRPRGNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 70.2% | ||
| Q3 24 | — | 48.8% | ||
| Q2 24 | — | 52.5% | ||
| Q1 24 | — | 72.6% |
营业利润率NRPRGNX
| Q4 25 | — | -190.0% | ||
| Q3 25 | — | -176.3% | ||
| Q2 25 | — | -296.3% | ||
| Q1 25 | 83.7% | 13.6% | ||
| Q4 24 | 74.9% | -242.1% | ||
| Q3 24 | 84.9% | -256.6% | ||
| Q2 24 | 92.3% | -251.3% | ||
| Q1 24 | 91.0% | -408.8% |
净利率NRPRGNX
| Q4 25 | — | -221.3% | ||
| Q3 25 | — | -208.3% | ||
| Q2 25 | — | -331.8% | ||
| Q1 25 | 78.5% | 6.8% | ||
| Q4 24 | 69.2% | -241.3% | ||
| Q3 24 | 76.6% | -246.3% | ||
| Q2 24 | 84.4% | -237.7% | ||
| Q1 24 | 85.7% | -405.4% |
每股收益（稀释后）NRPRGNX
| Q4 25 | — | $-1.30 | ||
| Q3 25 | — | $-1.20 | ||
| Q2 25 | — | $-1.38 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $-0.99 | ||
| Q3 24 | — | $-1.17 | ||
| Q2 24 | — | $-1.05 | ||
| Q1 24 | — | $-1.38 |
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 | $30.9M | $230.1M |
| 总债务越低越好 | $138.8M | — |
| 股东权益账面价值 | — | $102.7M |
| 总资产 | $772.5M | $453.0M |
| 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NRPRGNX
| Q4 25 | — | $230.1M | ||
| Q3 25 | — | $274.2M | ||
| Q2 25 | — | $323.3M | ||
| Q1 25 | $30.9M | $267.9M | ||
| Q4 24 | $30.4M | $234.7M | ||
| Q3 24 | $30.9M | $255.5M | ||
| Q2 24 | $32.3M | $290.4M | ||
| Q1 24 | $11.0M | $338.7M |
总债务NRPRGNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $138.8M | — | ||
| Q4 24 | $142.1M | — | ||
| Q3 24 | $197.4M | — | ||
| Q2 24 | $210.3M | — | ||
| Q1 24 | $188.8M | — |
股东权益NRPRGNX
| Q4 25 | — | $102.7M | ||
| Q3 25 | — | $161.5M | ||
| Q2 25 | — | $213.7M | ||
| Q1 25 | — | $274.2M | ||
| Q4 24 | — | $259.7M | ||
| Q3 24 | — | $301.4M | ||
| Q2 24 | — | $348.3M | ||
| Q1 24 | — | $390.7M |
总资产NRPRGNX
| Q4 25 | — | $453.0M | ||
| Q3 25 | — | $525.2M | ||
| Q2 25 | — | $581.0M | ||
| Q1 25 | $772.5M | $490.9M | ||
| Q4 24 | $772.9M | $466.0M | ||
| Q3 24 | $772.9M | $519.1M | ||
| Q2 24 | $789.6M | $569.4M | ||
| Q1 24 | $772.9M | $629.2M |
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 | $34.4M | $-52.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-52.8M |
| 自由现金流率自由现金流/营收 | — | -174.0% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 0.86× | — |
| 过去12个月自由现金流最近4个季度 | — | $-126.4M |
8季度趋势，按日历期对齐
经营现金流NRPRGNX
| Q4 25 | — | $-52.3M | ||
| Q3 25 | — | $-56.0M | ||
| Q2 25 | — | $-49.3M | ||
| Q1 25 | $34.4M | $33.6M | ||
| Q4 24 | $66.2M | $-31.6M | ||
| Q3 24 | $54.1M | $-40.5M | ||
| Q2 24 | $56.6M | $-45.5M | ||
| Q1 24 | $71.5M | $-55.5M |
自由现金流NRPRGNX
| Q4 25 | — | $-52.8M | ||
| Q3 25 | — | $-56.5M | ||
| Q2 25 | — | $-49.7M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | — | $-32.7M | ||
| Q3 24 | — | $-40.9M | ||
| Q2 24 | — | $-46.0M | ||
| Q1 24 | — | $-56.0M |
自由现金流率NRPRGNX
| Q4 25 | — | -174.0% | ||
| Q3 25 | — | -189.9% | ||
| Q2 25 | — | -232.8% | ||
| Q1 25 | — | 36.6% | ||
| Q4 24 | — | -154.2% | ||
| Q3 24 | — | -168.9% | ||
| Q2 24 | — | -206.2% | ||
| Q1 24 | — | -358.5% |
资本支出强度NRPRGNX
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 0.0% | 5.1% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.0% | 2.1% | ||
| Q1 24 | 0.0% | 3.6% |
现金转化率NRPRGNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | 5.53× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.27× | — |
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
NRP
| Coal Royalty Revenues | $35.5M | 69% |
| Soda Ash Segment | $4.6M | 9% |
| Transportation And Processing Services | $4.4M | 9% |
| Production Lease Minimum Revenues | $2.7M | 5% |
| Oil And Gas Royalty Revenues | $2.4M | 5% |
| Other | $1.6M | 3% |
RGNX
| Novartis Gene Therapies | $24.2M | 80% |
| Nippon Shinyaku Collaboration And License Agreement | $4.3M | 14% |
| Nippon Shinyaku Services | $1.4M | 5% |
