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NorthWestern Energy Group, Inc.（NWE）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是NorthWestern Energy Group, Inc.的1.5倍（$622.0M vs $414.3M），Royalty Pharma plc净利率更高（34.4% vs 10.8%，领先23.7%），NorthWestern Energy Group, Inc.同比增速更快（10.9% vs 4.8%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% 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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
NWE vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.5倍
$414.3M
营收增速更快
NWE
高出6.1%
4.8%
净利率更高
RPRX
高出23.7%
10.8%
两年增速更快
RPRX
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.3M | $622.0M |
| 净利润 | $44.7M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 14.5% | 62.4% |
| 净利率 | 10.8% | 34.4% |
| 营收同比 | 10.9% | 4.8% |
| 净利润同比 | -44.5% | 2.9% |
| 每股收益（稀释后） | $0.72 | $0.49 |
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NWERPRX
| Q4 25 | $414.3M | $622.0M | ||
| Q3 25 | $387.0M | $609.3M | ||
| Q2 25 | $342.7M | $578.7M | ||
| Q1 25 | $466.6M | $568.2M | ||
| Q4 24 | $373.5M | $593.6M | ||
| Q3 24 | $345.2M | $564.7M | ||
| Q2 24 | $319.9M | $537.3M | ||
| Q1 24 | $475.3M | $568.0M |
净利润NWERPRX
| Q4 25 | $44.7M | $214.2M | ||
| Q3 25 | $38.2M | $288.2M | ||
| Q2 25 | $21.2M | $30.2M | ||
| Q1 25 | $76.9M | $238.3M | ||
| Q4 24 | $80.6M | $208.2M | ||
| Q3 24 | $46.8M | $544.0M | ||
| Q2 24 | $31.7M | $102.0M | ||
| Q1 24 | $65.1M | $4.8M |
营业利润率NWERPRX
| Q4 25 | 14.5% | 62.4% | ||
| Q3 25 | 20.7% | 70.1% | ||
| Q2 25 | 17.7% | 36.3% | ||
| Q1 25 | 26.7% | 94.0% | ||
| Q4 24 | 24.6% | 60.9% | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 19.3% | 50.2% | ||
| Q1 24 | 21.5% | -13.0% |
净利率NWERPRX
| Q4 25 | 10.8% | 34.4% | ||
| Q3 25 | 9.9% | 47.3% | ||
| Q2 25 | 6.2% | 5.2% | ||
| Q1 25 | 16.5% | 41.9% | ||
| Q4 24 | 21.6% | 35.1% | ||
| Q3 24 | 13.6% | 96.3% | ||
| Q2 24 | 9.9% | 19.0% | ||
| Q1 24 | 13.7% | 0.8% |
每股收益（稀释后）NWERPRX
| Q4 25 | $0.72 | $0.49 | ||
| Q3 25 | $0.62 | $0.67 | ||
| Q2 25 | $0.35 | $0.07 | ||
| Q1 25 | $1.25 | $0.55 | ||
| Q4 24 | $1.31 | $0.46 | ||
| Q3 24 | $0.76 | $1.21 | ||
| Q2 24 | $0.52 | $0.23 | ||
| Q1 24 | $1.06 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $3.3B | $9.0B |
| 股东权益账面价值 | $2.9B | $9.7B |
| 总资产 | $8.5B | $19.6B |
| 负债/权益比越低杠杆越低 | 1.14× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资NWERPRX
| Q4 25 | $8.8M | $618.7M | ||
| Q3 25 | $6.2M | $938.9M | ||
| Q2 25 | $2.9M | $631.9M | ||
| Q1 25 | $56.0M | $1.1B | ||
| Q4 24 | $4.3M | $929.0M | ||
| Q3 24 | $2.5M | $950.1M | ||
| Q2 24 | $6.4M | $1.8B | ||
| Q1 24 | $4.2M | $843.0M |
总债务NWERPRX
| Q4 25 | $3.3B | $9.0B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $3.0B | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益NWERPRX
| Q4 25 | $2.9B | $9.7B | ||
| Q3 25 | $2.9B | $9.6B | ||
| Q2 25 | $2.9B | $9.5B | ||
| Q1 25 | $2.9B | $9.8B | ||
| Q4 24 | $2.9B | $10.3B | ||
| Q3 24 | $2.8B | $10.3B | ||
| Q2 24 | $2.8B | $9.8B | ||
| Q1 24 | $2.8B | $9.9B |
总资产NWERPRX
| Q4 25 | $8.5B | $19.6B | ||
| Q3 25 | $8.3B | $19.3B | ||
| Q2 25 | $8.1B | $18.3B | ||
| Q1 25 | $8.1B | $17.6B | ||
| Q4 24 | $8.0B | $18.2B | ||
| Q3 24 | $7.9B | $18.0B | ||
| Q2 24 | $7.7B | $17.7B | ||
| Q1 24 | $7.6B | $16.1B |
负债/权益比NWERPRX
| Q4 25 | 1.14× | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 1.05× | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-93.7M | — |
| 自由现金流率自由现金流/营收 | -22.6% | — |
| 资本支出强度资本支出/营收 | 36.2% | — |
| 现金转化率经营现金流/净利润 | 1.26× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $-130.0M | — |
8季度趋势，按日历期对齐
经营现金流NWERPRX
| Q4 25 | $56.2M | $827.1M | ||
| Q3 25 | $126.7M | $702.6M | ||
| Q2 25 | $58.2M | $364.0M | ||
| Q1 25 | $153.4M | $596.1M | ||
| Q4 24 | $62.8M | $742.5M | ||
| Q3 24 | $120.0M | $703.6M | ||
| Q2 24 | $62.3M | $658.2M | ||
| Q1 24 | $161.7M | $664.6M |
自由现金流NWERPRX
| Q4 25 | $-93.7M | — | ||
| Q3 25 | $-26.9M | — | ||
| Q2 25 | $-70.6M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | $-85.9M | — | ||
| Q3 24 | $-33.2M | — | ||
| Q2 24 | $-76.3M | — | ||
| Q1 24 | $52.9M | — |
自由现金流率NWERPRX
| Q4 25 | -22.6% | — | ||
| Q3 25 | -6.9% | — | ||
| Q2 25 | -20.6% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | -23.0% | — | ||
| Q3 24 | -9.6% | — | ||
| Q2 24 | -23.9% | — | ||
| Q1 24 | 11.1% | — |
资本支出强度NWERPRX
| Q4 25 | 36.2% | — | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 19.7% | — | ||
| Q4 24 | 39.8% | — | ||
| Q3 24 | 44.4% | — | ||
| Q2 24 | 43.3% | — | ||
| Q1 24 | 22.9% | — |
现金转化率NWERPRX
| Q4 25 | 1.26× | 3.86× | ||
| Q3 25 | 3.31× | 2.44× | ||
| Q2 25 | 2.74× | 12.06× | ||
| Q1 25 | 1.99× | 2.50× | ||
| Q4 24 | 0.78× | 3.57× | ||
| Q3 24 | 2.56× | 1.29× | ||
| Q2 24 | 1.97× | 6.45× | ||
| Q1 24 | 2.48× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
