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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）与SWK Holdings Corp（SWKH）财务数据对比。点击上方公司名可切换其他公司
过去两年NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的营收复合增速更高（5.4% vs -100.0%）
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。
SWK Holdings Corp是一家专注于医疗健康与生命科学领域的专业金融企业，为生物技术、制药、医疗器械及诊断类企业提供特许权使用费货币化、结构性债务、资产支持贷款等定制化融资服务，核心市场以北美地区为主。
NRUC vs SWKH — 直观对比
营收规模更大
NRUC
是对方的Infinity倍
$0
两年增速更快
NRUC
近两年复合增速
-100.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $0 |
| 净利润 | $19.6M | $-19.4M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 27.2% | — |
| 营收同比 | 10.0% | — |
| 净利润同比 | -86.4% | -430.2% |
| 每股收益（稀释后） | — | $-1.59 |
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NRUCSWKH
| Q4 25 | $72.0M | $0 | ||
| Q3 25 | $71.0M | $0 | ||
| Q2 25 | $66.9M | $1.2M | ||
| Q1 25 | $66.9M | $963.0K | ||
| Q4 24 | $65.4M | $1.9M | ||
| Q3 24 | $61.7M | $628.0K | ||
| Q2 24 | — | $804.0K | ||
| Q1 24 | $64.8M | $279.0K |
净利润NRUCSWKH
| Q4 25 | $19.6M | $-19.4M | ||
| Q3 25 | $4.8M | $8.8M | ||
| Q2 25 | $73.1M | $3.5M | ||
| Q1 25 | $86.0M | $4.5M | ||
| Q4 24 | $144.4M | $5.9M | ||
| Q3 24 | $-163.8M | $3.5M | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | $31.5M | $468.0K |
净利率NRUCSWKH
| Q4 25 | 27.2% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 109.3% | 297.1% | ||
| Q1 25 | 128.4% | 471.3% | ||
| Q4 24 | 220.7% | 308.2% | ||
| Q3 24 | -265.7% | 552.2% | ||
| Q2 24 | — | 457.7% | ||
| Q1 24 | 48.6% | 167.7% |
每股收益（稀释后）NRUCSWKH
| Q4 25 | — | $-1.59 | ||
| Q3 25 | — | $0.72 | ||
| Q2 25 | — | $0.29 | ||
| Q1 25 | — | $0.37 | ||
| Q4 24 | — | $0.47 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.30 | ||
| Q1 24 | — | $0.04 |
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 | $304.5M | $42.8M |
| 总债务越低越好 | $27.3B | $33.0M |
| 股东权益账面价值 | $3.1B | $235.1M |
| 总资产 | $39.1B | $272.4M |
| 负债/权益比越低杠杆越低 | 8.95× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资NRUCSWKH
| Q4 25 | $304.5M | $42.8M | ||
| Q3 25 | $257.1M | $10.2M | ||
| Q2 25 | $134.7M | $8.0M | ||
| Q1 25 | $245.4M | $29.8M | ||
| Q4 24 | $347.1M | $5.9M | ||
| Q3 24 | $264.7M | $17.2M | ||
| Q2 24 | — | $5.5M | ||
| Q1 24 | $144.8M | $5.5M |
总债务NRUCSWKH
| Q4 25 | $27.3B | $33.0M | ||
| Q3 25 | $27.9B | $33.0M | ||
| Q2 25 | $27.2B | $33.0M | ||
| Q1 25 | $27.5B | $33.0M | ||
| Q4 24 | $26.7B | $33.0M | ||
| Q3 24 | $26.3B | $33.0M | ||
| Q2 24 | — | $33.0M | ||
| Q1 24 | $25.5B | $33.0M |
股东权益NRUCSWKH
| Q4 25 | $3.1B | $235.1M | ||
| Q3 25 | $3.0B | $254.2M | ||
| Q2 25 | $3.1B | $246.5M | ||
| Q1 25 | $3.0B | $292.7M | ||
| Q4 24 | $2.9B | $288.7M | ||
| Q3 24 | $2.8B | $283.4M | ||
| Q2 24 | — | $282.8M | ||
| Q1 24 | $2.8B | $279.9M |
总资产NRUCSWKH
| Q4 25 | $39.1B | $272.4M | ||
| Q3 25 | $38.8B | $289.4M | ||
| Q2 25 | $38.3B | $285.7M | ||
| Q1 25 | $37.8B | $331.3M | ||
| Q4 24 | $37.1B | $332.2M | ||
| Q3 24 | $36.5B | $321.3M | ||
| Q2 24 | — | $321.0M | ||
| Q1 24 | $35.9B | $322.0M |
负债/权益比NRUCSWKH
| Q4 25 | 8.95× | 0.14× | ||
| Q3 25 | 9.21× | 0.13× | ||
| Q2 25 | 8.81× | 0.13× | ||
| Q1 25 | 9.15× | 0.11× | ||
| Q4 24 | 9.14× | 0.11× | ||
| Q3 24 | 9.44× | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | 8.94× | 0.12× |
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 | $38.9M | $10.3M |
| 自由现金流经营现金流 - 资本支出 | $38.3M | — |
| 自由现金流率自由现金流/营收 | 53.2% | — |
| 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 | 1.99× | — |
| 过去12个月自由现金流最近4个季度 | $225.0M | — |
8季度趋势，按日历期对齐
经营现金流NRUCSWKH
| Q4 25 | $38.9M | $10.3M | ||
| Q3 25 | $82.3M | $906.0K | ||
| Q2 25 | $-43.3M | $7.8M | ||
| Q1 25 | $150.3M | $8.3M | ||
| Q4 24 | $63.8M | $6.9M | ||
| Q3 24 | $36.7M | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | $4.4M |
自由现金流NRUCSWKH
| Q4 25 | $38.3M | — | ||
| Q3 25 | $82.0M | $557.0K | ||
| Q2 25 | $-44.3M | $7.7M | ||
| Q1 25 | $149.0M | $8.2M | ||
| Q4 24 | $62.7M | $6.8M | ||
| Q3 24 | $35.4M | $6.3M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | — | — |
自由现金流率NRUCSWKH
| Q4 25 | 53.2% | — | ||
| Q3 25 | 115.5% | — | ||
| Q2 25 | -66.2% | 650.3% | ||
| Q1 25 | 222.5% | 849.4% | ||
| Q4 24 | 95.9% | 357.0% | ||
| Q3 24 | 57.5% | 1001.3% | ||
| Q2 24 | — | 670.6% | ||
| Q1 24 | — | — |
资本支出强度NRUCSWKH
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.6% | 5.3% | ||
| Q1 25 | 1.9% | 10.4% | ||
| Q4 24 | 1.7% | 4.6% | ||
| Q3 24 | 2.1% | 4.6% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 0.0% |
现金转化率NRUCSWKH
| Q4 25 | 1.99× | — | ||
| Q3 25 | 17.27× | 0.10× | ||
| Q2 25 | -0.59× | 2.21× | ||
| Q1 25 | 1.75× | 1.82× | ||
| Q4 24 | 0.44× | 1.17× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
