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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的季度营收约是万物新生的1.2倍（$53.8M vs $43.2M），NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP净利率更高（41.6% vs 16.9%，领先24.7%）
美国国家农村公用事业合作金融公司（CFC）是一家由成员所有的非盈利合作社，为美国农村电力合作网络提供金融产品。该公司成立于1969年，创立初衷是从资本市场筹集资金，补充美国农业部农村公用事业局面向电力合作社的贷款项目。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
NRUC vs RERE — 直观对比
营收规模更大
NRUC
是对方的1.2倍
$43.2M
净利率更高
NRUC
高出24.7%
16.9%
损益表 — Q3 FY2026 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $53.8M | $43.2M |
| 净利润 | $22.4M | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 41.6% | 16.9% |
| 营收同比 | -52.7% | — |
| 净利润同比 | -74.0% | — |
| 每股收益（稀释后） | — | — |
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NRUCRERE
| Q1 26 | $53.8M | — | ||
| Q4 25 | $59.0M | — | ||
| Q3 25 | $47.3M | — | ||
| Q2 25 | $66.9M | — | ||
| Q1 25 | $113.7M | — | ||
| Q4 24 | $182.0M | — | ||
| Q3 24 | $61.7M | — | ||
| Q1 24 | $55.5M | — |
净利润NRUCRERE
| Q1 26 | $22.4M | — | ||
| Q4 25 | $19.6M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $73.1M | — | ||
| Q1 25 | $86.0M | — | ||
| Q4 24 | $144.4M | — | ||
| Q3 24 | $-163.8M | — | ||
| Q1 24 | $31.5M | — |
净利率NRUCRERE
| Q1 26 | 41.6% | — | ||
| Q4 25 | 33.2% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 109.3% | — | ||
| Q1 25 | 75.6% | — | ||
| Q4 24 | 79.4% | — | ||
| Q3 24 | -265.7% | — | ||
| Q1 24 | 56.7% | — |
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 | $240.7M | $228.0M |
| 总债务越低越好 | $28.9B | — |
| 股东权益账面价值 | $3.1B | $557.1M |
| 总资产 | $39.9B | $722.9M |
| 负债/权益比越低杠杆越低 | 9.40× | — |
8季度趋势，按日历期对齐
现金及短期投资NRUCRERE
| Q1 26 | $240.7M | — | ||
| Q4 25 | $304.5M | — | ||
| Q3 25 | $257.1M | — | ||
| Q2 25 | $134.7M | — | ||
| Q1 25 | $245.4M | — | ||
| Q4 24 | $347.1M | — | ||
| Q3 24 | $264.7M | — | ||
| Q1 24 | $144.8M | — |
总债务NRUCRERE
| Q1 26 | $28.9B | — | ||
| Q4 25 | $27.3B | — | ||
| Q3 25 | $27.9B | — | ||
| Q2 25 | $27.2B | — | ||
| Q1 25 | $27.5B | — | ||
| Q4 24 | $26.7B | — | ||
| Q3 24 | $26.3B | — | ||
| Q1 24 | $25.5B | — |
股东权益NRUCRERE
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
总资产NRUCRERE
| Q1 26 | $39.9B | — | ||
| Q4 25 | $39.1B | — | ||
| Q3 25 | $38.8B | — | ||
| Q2 25 | $38.3B | — | ||
| Q1 25 | $37.8B | — | ||
| Q4 24 | $37.1B | — | ||
| Q3 24 | $36.5B | — | ||
| Q1 24 | $35.9B | — |
负债/权益比NRUCRERE
| Q1 26 | 9.40× | — | ||
| Q4 25 | 8.95× | — | ||
| Q3 25 | 9.21× | — | ||
| Q2 25 | 8.81× | — | ||
| Q1 25 | 9.15× | — | ||
| Q4 24 | 9.14× | — | ||
| Q3 24 | 9.44× | — | ||
| Q1 24 | 8.94× | — |
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 | $105.6M | — |
| 自由现金流经营现金流 - 资本支出 | $105.1M | — |
| 自由现金流率自由现金流/营收 | 195.2% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 4.72× | — |
| 过去12个月自由现金流最近4个季度 | $428.2M | — |
8季度趋势，按日历期对齐
经营现金流NRUCRERE
| Q1 26 | $105.6M | — | ||
| Q4 25 | $38.9M | — | ||
| Q3 25 | $82.3M | — | ||
| Q2 25 | $207.5M | — | ||
| Q1 25 | $150.3M | — | ||
| Q4 24 | $63.8M | — | ||
| Q3 24 | $36.7M | — | ||
| Q1 24 | — | — |
自由现金流NRUCRERE
| Q1 26 | $105.1M | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $82.0M | — | ||
| Q2 25 | $202.8M | — | ||
| Q1 25 | $149.0M | — | ||
| Q4 24 | $62.7M | — | ||
| Q3 24 | $35.4M | — | ||
| Q1 24 | — | — |
自由现金流率NRUCRERE
| Q1 26 | 195.2% | — | ||
| Q4 25 | 64.9% | — | ||
| Q3 25 | 173.4% | — | ||
| Q2 25 | 303.1% | — | ||
| Q1 25 | 131.0% | — | ||
| Q4 24 | 34.5% | — | ||
| Q3 24 | 57.5% | — | ||
| Q1 24 | — | — |
资本支出强度NRUCRERE
| Q1 26 | 0.9% | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q1 24 | — | — |
现金转化率NRUCRERE
| Q1 26 | 4.72× | — | ||
| Q4 25 | 1.99× | — | ||
| Q3 25 | 17.27× | — | ||
| Q2 25 | 2.84× | — | ||
| Q1 25 | 1.75× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
