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NATURAL RESOURCE PARTNERS LP（NRP）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
NATURAL RESOURCE PARTNERS LP的季度营收约是REDWOOD TRUST INC的2.0倍（$51.3M vs $25.9M），NATURAL RESOURCE PARTNERS LP净利率更高（78.5% vs 77.2%，领先1.3%），REDWOOD TRUST INC同比增速更快（-6.1% vs -21.8%），过去两年NATURAL RESOURCE PARTNERS LP的营收复合增速更高（-8.3% vs -41.0%）
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。
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。
NRP vs RWT — 直观对比
营收规模更大
NRP
是对方的2.0倍
$25.9M
营收增速更快
RWT
高出15.7%
-21.8%
净利率更高
NRP
高出1.3%
77.2%
两年增速更快
NRP
近两年复合增速
-41.0%
损益表 — Q1 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.3M | $25.9M |
| 净利润 | $40.3M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | 83.7% | — |
| 净利率 | 78.5% | 77.2% |
| 营收同比 | -21.8% | -6.1% |
| 净利润同比 | -28.4% | 402.6% |
| 每股收益（稀释后） | — | $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NRPRWT
| Q4 25 | — | $25.9M | ||
| Q3 25 | — | $15.0M | ||
| Q2 25 | — | $13.8M | ||
| Q1 25 | $51.3M | $27.9M | ||
| Q4 24 | $61.8M | $27.6M | ||
| Q3 24 | $50.4M | $25.5M | ||
| Q2 24 | $54.6M | $67.4M | ||
| Q1 24 | $65.6M | $74.5M |
净利润NRPRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | — | $-7.7M | ||
| Q2 25 | — | $-98.5M | ||
| Q1 25 | $40.3M | $16.1M | ||
| Q4 24 | $42.8M | $-6.6M | ||
| Q3 24 | $38.6M | $14.8M | ||
| Q2 24 | $46.1M | $15.5M | ||
| Q1 24 | $56.2M | $30.3M |
营业利润率NRPRWT
| Q4 25 | — | — | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -679.0% | ||
| Q1 25 | 83.7% | 80.2% | ||
| Q4 24 | 74.9% | -1.3% | ||
| Q3 24 | 84.9% | 86.1% | ||
| Q2 24 | 92.3% | 30.3% | ||
| Q1 24 | 91.0% | 41.3% |
净利率NRPRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | — | -51.4% | ||
| Q2 25 | — | -712.0% | ||
| Q1 25 | 78.5% | 57.8% | ||
| Q4 24 | 69.2% | -24.0% | ||
| Q3 24 | 76.6% | 58.1% | ||
| Q2 24 | 84.4% | 23.0% | ||
| Q1 24 | 85.7% | 40.6% |
每股收益（稀释后）NRPRWT
| Q4 25 | — | $0.11 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $0.09 | ||
| Q2 24 | — | $0.10 | ||
| Q1 24 | — | $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 | $30.9M | $255.7M |
| 总债务越低越好 | $138.8M | — |
| 股东权益账面价值 | — | $982.6M |
| 总资产 | $772.5M | $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NRPRWT
| Q4 25 | — | $255.7M | ||
| Q3 25 | — | $226.3M | ||
| Q2 25 | — | $302.0M | ||
| Q1 25 | $30.9M | $259.9M | ||
| Q4 24 | $30.4M | $245.2M | ||
| Q3 24 | $30.9M | $253.7M | ||
| Q2 24 | $32.3M | $275.6M | ||
| Q1 24 | $11.0M | $275.4M |
总债务NRPRWT
| 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 | $1.7B |
股东权益NRPRWT
| Q4 25 | — | $982.6M | ||
| Q3 25 | — | $999.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总资产NRPRWT
| Q4 25 | — | $23.7B | ||
| Q3 25 | — | $22.6B | ||
| Q2 25 | — | $21.3B | ||
| Q1 25 | $772.5M | $19.9B | ||
| Q4 24 | $772.9M | $18.3B | ||
| Q3 24 | $772.9M | $18.4B | ||
| Q2 24 | $789.6M | $16.5B | ||
| Q1 24 | $772.9M | $15.1B |
负债/权益比NRPRWT
| 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 | $34.4M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.86× | -504.15× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NRPRWT
| Q4 25 | — | $-10.1B | ||
| Q3 25 | — | $-2.7B | ||
| Q2 25 | — | $-2.1B | ||
| Q1 25 | $34.4M | $-2.0B | ||
| Q4 24 | $66.2M | $-5.9B | ||
| Q3 24 | $54.1M | $-2.1B | ||
| Q2 24 | $56.6M | $-2.0B | ||
| Q1 24 | $71.5M | $-954.2M |
资本支出强度NRPRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
现金转化率NRPRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | -120.92× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 1.40× | -140.86× | ||
| Q2 24 | 1.23× | -126.56× | ||
| Q1 24 | 1.27× | -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
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% |
RWT
暂无分部数据
