vs
NATURAL RESOURCE PARTNERS LP（NRP）与Rumble Inc.（RUM）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Rumble Inc.的1.9倍（$51.3M vs $27.1M），NATURAL RESOURCE PARTNERS LP净利率更高（78.5% vs -120.8%，领先199.3%），Rumble Inc.同比增速更快（-10.5% vs -21.8%），过去两年Rumble Inc.的营收复合增速更高（15.2% 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。
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。
NRP vs RUM — 直观对比
营收规模更大
NRP
是对方的1.9倍
$27.1M
营收增速更快
RUM
高出11.4%
-21.8%
净利率更高
NRP
高出199.3%
-120.8%
两年增速更快
RUM
近两年复合增速
-8.3%
损益表 — Q1 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.3M | $27.1M |
| 净利润 | $40.3M | $-32.7M |
| 毛利率 | — | 5.5% |
| 营业利润率 | 83.7% | -131.1% |
| 净利率 | 78.5% | -120.8% |
| 营收同比 | -21.8% | -10.5% |
| 净利润同比 | -28.4% | 86.2% |
| 每股收益（稀释后） | — | $-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NRPRUM
| Q4 25 | — | $27.1M | ||
| Q3 25 | — | $24.8M | ||
| Q1 25 | $51.3M | $23.7M | ||
| Q4 24 | $61.8M | $30.2M | ||
| Q3 24 | $50.4M | $25.1M | ||
| Q2 24 | $54.6M | $22.5M | ||
| Q1 24 | $65.6M | $17.7M | ||
| Q4 23 | $72.9M | $20.4M |
净利润NRPRUM
| Q4 25 | — | $-32.7M | ||
| Q3 25 | — | $-16.3M | ||
| Q1 25 | $40.3M | $-2.7M | ||
| Q4 24 | $42.8M | $-236.8M | ||
| Q3 24 | $38.6M | $-31.5M | ||
| Q2 24 | $46.1M | $-26.8M | ||
| Q1 24 | $56.2M | $-43.3M | ||
| Q4 23 | $65.0M | $-29.3M |
毛利率NRPRUM
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% | ||
| Q4 23 | — | — |
营业利润率NRPRUM
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q1 25 | 83.7% | -153.5% | ||
| Q4 24 | 74.9% | -80.1% | ||
| Q3 24 | 84.9% | -131.0% | ||
| Q2 24 | 92.3% | -172.7% | ||
| Q1 24 | 91.0% | -197.4% | ||
| Q4 23 | 94.5% | -182.5% |
净利率NRPRUM
| Q4 25 | — | -120.8% | ||
| Q3 25 | — | -65.7% | ||
| Q1 25 | 78.5% | -11.2% | ||
| Q4 24 | 69.2% | -783.2% | ||
| Q3 24 | 76.6% | -125.9% | ||
| Q2 24 | 84.4% | -119.2% | ||
| Q1 24 | 85.7% | -244.1% | ||
| Q4 23 | 89.1% | -143.6% |
每股收益（稀释后）NRPRUM
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.21 | ||
| Q4 23 | — | $-0.15 |
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 | $237.9M |
| 总债务越低越好 | $138.8M | — |
| 股东权益账面价值 | — | $274.8M |
| 总资产 | $772.5M | $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NRPRUM
| Q4 25 | — | $237.9M | ||
| Q3 25 | — | $269.8M | ||
| Q1 25 | $30.9M | $301.3M | ||
| Q4 24 | $30.4M | $114.0M | ||
| Q3 24 | $30.9M | $132.0M | ||
| Q2 24 | $32.3M | $154.2M | ||
| Q1 24 | $11.0M | $183.8M | ||
| Q4 23 | $12.0M | $219.5M |
总债务NRPRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | $138.8M | — | ||
| Q4 24 | $142.1M | — | ||
| Q3 24 | $197.4M | — | ||
| Q2 24 | $210.3M | — | ||
| Q1 24 | $188.8M | — | ||
| Q4 23 | $155.1M | — |
股东权益NRPRUM
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | $302.2M | ||
| Q1 25 | — | $339.6M | ||
| Q4 24 | — | $-63.1M | ||
| Q3 24 | — | $166.1M | ||
| Q2 24 | — | $192.7M | ||
| Q1 24 | — | $210.7M | ||
| Q4 23 | — | $251.6M |
总资产NRPRUM
| Q4 25 | — | $336.8M | ||
| Q3 25 | — | $367.2M | ||
| Q1 25 | $772.5M | $391.1M | ||
| Q4 24 | $772.9M | $195.3M | ||
| Q3 24 | $772.9M | $217.2M | ||
| Q2 24 | $789.6M | $243.2M | ||
| Q1 24 | $772.9M | $263.0M | ||
| Q4 23 | $797.9M | $295.7M |
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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-31.7M |
| 自由现金流率自由现金流/营收 | — | -117.2% |
| 资本支出强度资本支出/营收 | — | 8.5% |
| 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 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流NRPRUM
| Q4 25 | — | $-29.4M | ||
| Q3 25 | — | $-10.6M | ||
| Q1 25 | $34.4M | $-14.5M | ||
| Q4 24 | $66.2M | $-12.4M | ||
| Q3 24 | $54.1M | $-19.1M | ||
| Q2 24 | $56.6M | $-21.7M | ||
| Q1 24 | $71.5M | $-33.9M | ||
| Q4 23 | $77.8M | $-33.1M |
自由现金流NRPRUM
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M | ||
| Q4 23 | — | $-36.6M |
自由现金流率NRPRUM
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% | ||
| Q4 23 | — | -179.7% |
资本支出强度NRPRUM
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 3.4% | ||
| Q2 24 | 0.0% | 6.1% | ||
| Q1 24 | 0.0% | 2.4% | ||
| Q4 23 | 0.0% | 17.5% |
现金转化率NRPRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | 1.27× | — | ||
| Q4 23 | 1.20× | — |
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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
