vs
Northwest Natural Holding Co（NWN）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Northwest Natural Holding Co的1.6倍（$622.0M vs $394.2M），Northwest Natural Holding Co同比增速更快（6.3% vs 4.8%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% vs -4.6%）
西北天然气控股公司是美国上市公用事业企业，总部位于俄勒冈州波特兰，成立于1859年。核心业务为天然气配送，服务俄勒冈州西部、华盛顿州西南部的居民、商业及工业客户，同时运营水务业务，目前服务约80万用户，年营收超10亿美元。
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。
NWN vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.6倍
$394.2M
营收增速更快
NWN
高出1.5%
4.8%
两年增速更快
RPRX
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $394.2M | $622.0M |
| 净利润 | — | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 28.4% | 62.4% |
| 净利率 | — | 34.4% |
| 营收同比 | 6.3% | 4.8% |
| 净利润同比 | — | 2.9% |
| 每股收益（稀释后） | $1.38 | $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NWNRPRX
| Q4 25 | $394.2M | $622.0M | ||
| Q3 25 | $164.7M | $609.3M | ||
| Q2 25 | $236.2M | $578.7M | ||
| Q1 25 | $494.3M | $568.2M | ||
| Q4 24 | $370.9M | $593.6M | ||
| Q3 24 | $136.9M | $564.7M | ||
| Q2 24 | $211.7M | $537.3M | ||
| Q1 24 | $433.5M | $568.0M |
净利润NWNRPRX
| Q4 25 | — | $214.2M | ||
| Q3 25 | $-29.9M | $288.2M | ||
| Q2 25 | $-2.5M | $30.2M | ||
| Q1 25 | $87.9M | $238.3M | ||
| Q4 24 | — | $208.2M | ||
| Q3 24 | $-27.2M | $544.0M | ||
| Q2 24 | $-2.8M | $102.0M | ||
| Q1 24 | $63.8M | $4.8M |
营业利润率NWNRPRX
| Q4 25 | 28.4% | 62.4% | ||
| Q3 25 | -7.5% | 70.1% | ||
| Q2 25 | 11.5% | 36.3% | ||
| Q1 25 | 31.2% | 94.0% | ||
| Q4 24 | 22.9% | 60.9% | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | 7.4% | 50.2% | ||
| Q1 24 | 25.3% | -13.0% |
净利率NWNRPRX
| Q4 25 | — | 34.4% | ||
| Q3 25 | -18.1% | 47.3% | ||
| Q2 25 | -1.1% | 5.2% | ||
| Q1 25 | 17.8% | 41.9% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | -19.8% | 96.3% | ||
| Q2 24 | -1.3% | 19.0% | ||
| Q1 24 | 14.7% | 0.8% |
每股收益（稀释后）NWNRPRX
| Q4 25 | $1.38 | $0.49 | ||
| Q3 25 | $-0.73 | $0.67 | ||
| Q2 25 | $-0.06 | $0.07 | ||
| Q1 25 | $2.18 | $0.55 | ||
| Q4 24 | $1.12 | $0.46 | ||
| Q3 24 | $-0.71 | $1.21 | ||
| Q2 24 | $-0.07 | $0.23 | ||
| Q1 24 | $1.69 | $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 | $36.7M | $618.7M |
| 总债务越低越好 | $2.4B | $9.0B |
| 股东权益账面价值 | $1.5B | $9.7B |
| 总资产 | $6.2B | $19.6B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资NWNRPRX
| Q4 25 | $36.7M | $618.7M | ||
| Q3 25 | $32.2M | $938.9M | ||
| Q2 25 | $102.6M | $631.9M | ||
| Q1 25 | $100.0M | $1.1B | ||
| Q4 24 | $38.5M | $929.0M | ||
| Q3 24 | $35.0M | $950.1M | ||
| Q2 24 | $65.2M | $1.8B | ||
| Q1 24 | $72.4M | $843.0M |
总债务NWNRPRX
| Q4 25 | $2.4B | $9.0B | ||
| Q3 25 | $2.2B | $8.9B | ||
| Q2 25 | $2.2B | $8.0B | ||
| Q1 25 | $2.2B | $7.6B | ||
| Q4 24 | $1.7B | $7.6B | ||
| Q3 24 | $1.6B | $7.6B | ||
| Q2 24 | $1.6B | $7.6B | ||
| Q1 24 | $1.6B | $6.1B |
股东权益NWNRPRX
| Q4 25 | $1.5B | $9.7B | ||
| Q3 25 | $1.4B | $9.6B | ||
| Q2 25 | $1.5B | $9.5B | ||
| Q1 25 | $1.5B | $9.8B | ||
| Q4 24 | $1.4B | $10.3B | ||
| Q3 24 | $1.4B | $10.3B | ||
| Q2 24 | $1.3B | $9.8B | ||
| Q1 24 | $1.3B | $9.9B |
总资产NWNRPRX
| Q4 25 | $6.2B | $19.6B | ||
| Q3 25 | $5.9B | $19.3B | ||
| Q2 25 | $5.8B | $18.3B | ||
| Q1 25 | $5.7B | $17.6B | ||
| Q4 24 | $5.2B | $18.2B | ||
| Q3 24 | $4.9B | $18.0B | ||
| Q2 24 | $4.8B | $17.7B | ||
| Q1 24 | $4.8B | $16.1B |
负债/权益比NWNRPRX
| Q4 25 | 1.65× | 0.92× | ||
| Q3 25 | 1.56× | 0.93× | ||
| Q2 25 | 1.53× | 0.84× | ||
| Q1 25 | 1.53× | 0.78× | ||
| Q4 24 | 1.23× | 0.74× | ||
| Q3 24 | 1.16× | 0.74× | ||
| Q2 24 | 1.17× | 0.78× | ||
| Q1 24 | 1.17× | 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 | $3.3M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-131.0M | — |
| 自由现金流率自由现金流/营收 | -33.2% | — |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | $-197.8M | — |
8季度趋势，按日历期对齐
经营现金流NWNRPRX
| Q4 25 | $3.3M | $827.1M | ||
| Q3 25 | $-15.9M | $702.6M | ||
| Q2 25 | $102.2M | $364.0M | ||
| Q1 25 | $179.6M | $596.1M | ||
| Q4 24 | $-19.4M | $742.5M | ||
| Q3 24 | $-26.4M | $703.6M | ||
| Q2 24 | $121.0M | $658.2M | ||
| Q1 24 | $125.0M | $664.6M |
自由现金流NWNRPRX
| Q4 25 | $-131.0M | — | ||
| Q3 25 | $-125.9M | — | ||
| Q2 25 | $-18.3M | — | ||
| Q1 25 | $77.4M | — | ||
| Q4 24 | $-119.6M | — | ||
| Q3 24 | $-121.7M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $42.8M | — |
自由现金流率NWNRPRX
| Q4 25 | -33.2% | — | ||
| Q3 25 | -76.4% | — | ||
| Q2 25 | -7.8% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | -32.2% | — | ||
| Q3 24 | -88.9% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 9.9% | — |
资本支出强度NWNRPRX
| Q4 25 | 34.1% | — | ||
| Q3 25 | 66.8% | — | ||
| Q2 25 | 51.0% | — | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 69.6% | — | ||
| Q2 24 | 55.1% | — | ||
| Q1 24 | 19.0% | — |
现金转化率NWNRPRX
| Q4 25 | — | 3.86× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 12.06× | ||
| Q1 25 | 2.04× | 2.50× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | 1.96× | 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
NWN
| NWN Gas Utility | $341.4M | 87% |
| Alternativerevenue | $27.2M | 7% |
| Si Energy Gas Utility | $20.0M | 5% |
| NW Natural Other | $6.9M | 2% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
