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NorthWestern Energy Group, Inc.（NWE）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是NorthWestern Energy Group, Inc.的1.8倍（$725.6M vs $414.3M），Reddit, Inc.净利率更高（34.7% vs 10.8%，领先23.9%），Reddit, Inc.同比增速更快（69.7% vs 10.9%），Reddit, Inc.自由现金流更多（$263.6M vs $-93.7M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs -6.6%）
西北能源集团（NorthWestern Energy Group, Inc.）是一家总部位于苏福尔斯的公用事业企业，业务覆盖南达科他州、内布拉斯加州和蒙大拿州。截至2019年，公司服务客户约71.8万户，集团总部设在苏福尔斯，南达科他州的运营总部则位于该州休伦市。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
NWE vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.8倍
$414.3M
营收增速更快
RDDT
高出58.7%
10.9%
净利率更高
RDDT
高出23.9%
10.8%
自由现金流更多
RDDT
多$357.4M
$-93.7M
两年增速更快
RDDT
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.3M | $725.6M |
| 净利润 | $44.7M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 14.5% | 31.9% |
| 净利率 | 10.8% | 34.7% |
| 营收同比 | 10.9% | 69.7% |
| 净利润同比 | -44.5% | 254.2% |
| 每股收益（稀释后） | $0.72 | $1.24 |
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NWERDDT
| Q4 25 | $414.3M | $725.6M | ||
| Q3 25 | $387.0M | $584.9M | ||
| Q2 25 | $342.7M | $499.6M | ||
| Q1 25 | $466.6M | $392.4M | ||
| Q4 24 | $373.5M | $427.7M | ||
| Q3 24 | $345.2M | $348.4M | ||
| Q2 24 | $319.9M | $281.2M | ||
| Q1 24 | $475.3M | $243.0M |
净利润NWERDDT
| Q4 25 | $44.7M | $251.6M | ||
| Q3 25 | $38.2M | $162.7M | ||
| Q2 25 | $21.2M | $89.3M | ||
| Q1 25 | $76.9M | $26.2M | ||
| Q4 24 | $80.6M | $71.0M | ||
| Q3 24 | $46.8M | $29.9M | ||
| Q2 24 | $31.7M | $-10.1M | ||
| Q1 24 | $65.1M | $-575.1M |
毛利率NWERDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率NWERDDT
| Q4 25 | 14.5% | 31.9% | ||
| Q3 25 | 20.7% | 23.7% | ||
| Q2 25 | 17.7% | 13.6% | ||
| Q1 25 | 26.7% | 1.0% | ||
| Q4 24 | 24.6% | 12.4% | ||
| Q3 24 | 19.7% | 2.0% | ||
| Q2 24 | 19.3% | -11.0% | ||
| Q1 24 | 21.5% | -242.5% |
净利率NWERDDT
| Q4 25 | 10.8% | 34.7% | ||
| Q3 25 | 9.9% | 27.8% | ||
| Q2 25 | 6.2% | 17.9% | ||
| Q1 25 | 16.5% | 6.7% | ||
| Q4 24 | 21.6% | 16.6% | ||
| Q3 24 | 13.6% | 8.6% | ||
| Q2 24 | 9.9% | -3.6% | ||
| Q1 24 | 13.7% | -236.7% |
每股收益（稀释后）NWERDDT
| Q4 25 | $0.72 | $1.24 | ||
| Q3 25 | $0.62 | $0.80 | ||
| Q2 25 | $0.35 | $0.45 | ||
| Q1 25 | $1.25 | $0.13 | ||
| Q4 24 | $1.31 | $4.76 | ||
| Q3 24 | $0.76 | $0.16 | ||
| Q2 24 | $0.52 | $-0.06 | ||
| Q1 24 | $1.06 | $-8.19 |
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 | $8.8M | $953.6M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $2.9B | $2.9B |
| 总资产 | $8.5B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.14× | — |
8季度趋势，按日历期对齐
现金及短期投资NWERDDT
| Q4 25 | $8.8M | $953.6M | ||
| Q3 25 | $6.2M | $911.7M | ||
| Q2 25 | $2.9M | $734.1M | ||
| Q1 25 | $56.0M | $635.7M | ||
| Q4 24 | $4.3M | $562.1M | ||
| Q3 24 | $2.5M | $515.9M | ||
| Q2 24 | $6.4M | $468.0M | ||
| Q1 24 | $4.2M | $968.5M |
总债务NWERDDT
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NWERDDT
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.9B | $2.6B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.8B | $1.9B | ||
| Q1 24 | $2.8B | $1.8B |
总资产NWERDDT
| Q4 25 | $8.5B | $3.2B | ||
| Q3 25 | $8.3B | $2.9B | ||
| Q2 25 | $8.1B | $2.6B | ||
| Q1 25 | $8.1B | $2.4B | ||
| Q4 24 | $8.0B | $2.3B | ||
| Q3 24 | $7.9B | $2.2B | ||
| Q2 24 | $7.7B | $2.1B | ||
| Q1 24 | $7.6B | $2.0B |
负债/权益比NWERDDT
| Q4 25 | 1.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $56.2M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-93.7M | $263.6M |
| 自由现金流率自由现金流/营收 | -22.6% | 36.3% |
| 资本支出强度资本支出/营收 | 36.2% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.26× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-130.0M | $684.2M |
8季度趋势，按日历期对齐
经营现金流NWERDDT
| Q4 25 | $56.2M | $266.8M | ||
| Q3 25 | $126.7M | $185.2M | ||
| Q2 25 | $58.2M | $111.3M | ||
| Q1 25 | $153.4M | $127.6M | ||
| Q4 24 | $62.8M | $90.0M | ||
| Q3 24 | $120.0M | $71.6M | ||
| Q2 24 | $62.3M | $28.4M | ||
| Q1 24 | $161.7M | $32.1M |
自由现金流NWERDDT
| Q4 25 | $-93.7M | $263.6M | ||
| Q3 25 | $-26.9M | $183.1M | ||
| Q2 25 | $-70.6M | $110.8M | ||
| Q1 25 | $61.3M | $126.6M | ||
| Q4 24 | $-85.9M | $89.2M | ||
| Q3 24 | $-33.2M | $70.3M | ||
| Q2 24 | $-76.3M | $27.2M | ||
| Q1 24 | $52.9M | $29.2M |
自由现金流率NWERDDT
| Q4 25 | -22.6% | 36.3% | ||
| Q3 25 | -6.9% | 31.3% | ||
| Q2 25 | -20.6% | 22.2% | ||
| Q1 25 | 13.1% | 32.3% | ||
| Q4 24 | -23.0% | 20.8% | ||
| Q3 24 | -9.6% | 20.2% | ||
| Q2 24 | -23.9% | 9.7% | ||
| Q1 24 | 11.1% | 12.0% |
资本支出强度NWERDDT
| Q4 25 | 36.2% | 0.4% | ||
| Q3 25 | 39.7% | 0.4% | ||
| Q2 25 | 37.6% | 0.1% | ||
| Q1 25 | 19.7% | 0.2% | ||
| Q4 24 | 39.8% | 0.2% | ||
| Q3 24 | 44.4% | 0.4% | ||
| Q2 24 | 43.3% | 0.4% | ||
| Q1 24 | 22.9% | 1.2% |
现金转化率NWERDDT
| Q4 25 | 1.26× | 1.06× | ||
| Q3 25 | 3.31× | 1.14× | ||
| Q2 25 | 2.74× | 1.25× | ||
| Q1 25 | 1.99× | 4.88× | ||
| Q4 24 | 0.78× | 1.27× | ||
| Q3 24 | 2.56× | 2.40× | ||
| Q2 24 | 1.97× | — | ||
| Q1 24 | 2.48× | — |
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
NWE
| Electricity Us Regulated | $315.3M | 76% |
| Other Tariff Based Revenue | $50.5M | 12% |
| Transmission Customers | $28.4M | 7% |
| Industrial Customers | $11.0M | 3% |
| Other Customers | $6.1M | 1% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
