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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
RMR GROUP INC.的季度营收约是NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的1.2倍（$66.7M vs $53.8M），NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP净利率更高（41.6% vs 18.3%，领先23.3%），RMR GROUP INC.同比增速更快（40.8% vs -52.7%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
NRUC vs RMR — 直观对比
营收规模更大
RMR
是对方的1.2倍
$53.8M
营收增速更快
RMR
高出93.4%
-52.7%
净利率更高
NRUC
高出23.3%
18.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $53.8M | $66.7M |
| 净利润 | $22.4M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 48.1% |
| 净利率 | 41.6% | 18.3% |
| 营收同比 | -52.7% | 40.8% |
| 净利润同比 | -74.0% | 91.1% |
| 每股收益（稀释后） | — | $0.71 |
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NRUCRMR
| Q1 26 | $53.8M | — | ||
| Q4 25 | $59.0M | $66.7M | ||
| 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NRUCRMR
| Q1 26 | $22.4M | — | ||
| Q4 25 | $19.6M | $12.2M | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $73.1M | — | ||
| Q1 25 | $86.0M | — | ||
| Q4 24 | $144.4M | — | ||
| Q3 24 | $-163.8M | — | ||
| Q1 24 | $31.5M | — |
营业利润率NRUCRMR
| Q1 26 | — | — | ||
| Q4 25 | — | 48.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
净利率NRUCRMR
| Q1 26 | 41.6% | — | ||
| Q4 25 | 33.2% | 18.3% | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 109.3% | — | ||
| Q1 25 | 75.6% | — | ||
| Q4 24 | 79.4% | — | ||
| Q3 24 | -265.7% | — | ||
| Q1 24 | 56.7% | — |
每股收益（稀释后）NRUCRMR
| Q1 26 | — | — | ||
| Q4 25 | — | $0.71 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
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 | $49.3M |
| 总债务越低越好 | $28.9B | — |
| 股东权益账面价值 | $3.1B | $232.7M |
| 总资产 | $39.9B | $687.1M |
| 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NRUCRMR
| Q1 26 | $240.7M | — | ||
| Q4 25 | $304.5M | $49.3M | ||
| 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NRUCRMR
| 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NRUCRMR
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $232.7M | ||
| 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NRUCRMR
| Q1 26 | $39.9B | — | ||
| Q4 25 | $39.1B | $687.1M | ||
| 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NRUCRMR
| 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 | $10.7M |
| 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× | 0.88× |
| 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NRUCRMR
| Q1 26 | $105.6M | — | ||
| Q4 25 | $38.9M | $10.7M | ||
| 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NRUCRMR
| 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NRUCRMR
| 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NRUCRMR
| 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NRUCRMR
| Q1 26 | 4.72× | — | ||
| Q4 25 | 1.99× | 0.88× | ||
| 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
业务分部营收拆解
NRUC
暂无分部数据
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
