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Northwest Natural Holding Co（NWN）与RANGE RESOURCES CORP（RRC）财务数据对比。点击上方公司名可切换其他公司
RANGE RESOURCES CORP的季度营收约是Northwest Natural Holding Co的2.0倍（$786.9M vs $394.2M），RANGE RESOURCES CORP同比增速更快（18.0% vs 6.3%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% 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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
NWN vs RRC — 直观对比
营收规模更大
RRC
是对方的2.0倍
$394.2M
营收增速更快
RRC
高出11.7%
6.3%
两年增速更快
RRC
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $394.2M | $786.9M |
| 净利润 | — | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 28.4% | — |
| 净利率 | — | 22.8% |
| 营收同比 | 6.3% | 18.0% |
| 净利润同比 | — | 88.8% |
| 每股收益（稀释后） | $1.38 | $0.75 |
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NWNRRC
| Q4 25 | $394.2M | $786.9M | ||
| Q3 25 | $164.7M | $655.3M | ||
| Q2 25 | $236.2M | $699.6M | ||
| Q1 25 | $494.3M | $846.3M | ||
| Q4 24 | $370.9M | $667.0M | ||
| Q3 24 | $136.9M | $567.9M | ||
| Q2 24 | $211.7M | $513.2M | ||
| Q1 24 | $433.5M | $598.8M |
净利润NWNRRC
| Q4 25 | — | $179.1M | ||
| Q3 25 | $-29.9M | $144.3M | ||
| Q2 25 | $-2.5M | $237.6M | ||
| Q1 25 | $87.9M | $97.1M | ||
| Q4 24 | — | $94.8M | ||
| Q3 24 | $-27.2M | $50.7M | ||
| Q2 24 | $-2.8M | $28.7M | ||
| Q1 24 | $63.8M | $92.1M |
毛利率NWNRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率NWNRRC
| Q4 25 | 28.4% | — | ||
| Q3 25 | -7.5% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | -14.1% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 25.3% | — |
净利率NWNRRC
| Q4 25 | — | 22.8% | ||
| Q3 25 | -18.1% | 22.0% | ||
| Q2 25 | -1.1% | 34.0% | ||
| Q1 25 | 17.8% | 11.5% | ||
| Q4 24 | — | 14.2% | ||
| Q3 24 | -19.8% | 8.9% | ||
| Q2 24 | -1.3% | 5.6% | ||
| Q1 24 | 14.7% | 15.4% |
每股收益（稀释后）NWNRRC
| Q4 25 | $1.38 | $0.75 | ||
| Q3 25 | $-0.73 | $0.60 | ||
| Q2 25 | $-0.06 | $0.99 | ||
| Q1 25 | $2.18 | $0.40 | ||
| Q4 24 | $1.12 | $0.38 | ||
| Q3 24 | $-0.71 | $0.21 | ||
| Q2 24 | $-0.07 | $0.12 | ||
| Q1 24 | $1.69 | $0.38 |
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 | $204.0K |
| 总债务越低越好 | $2.4B | $1.2B |
| 股东权益账面价值 | $1.5B | $4.3B |
| 总资产 | $6.2B | $7.4B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资NWNRRC
| Q4 25 | $36.7M | $204.0K | ||
| Q3 25 | $32.2M | $175.0K | ||
| Q2 25 | $102.6M | $134.0K | ||
| Q1 25 | $100.0M | $344.6M | ||
| Q4 24 | $38.5M | $304.5M | ||
| Q3 24 | $35.0M | $277.4M | ||
| Q2 24 | $65.2M | $251.1M | ||
| Q1 24 | $72.4M | $343.1M |
总债务NWNRRC
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.2B | $1.7B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.6B | $1.8B |
股东权益NWNRRC
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.4B | $4.2B | ||
| Q2 25 | $1.5B | $4.1B | ||
| Q1 25 | $1.5B | $3.9B | ||
| Q4 24 | $1.4B | $3.9B | ||
| Q3 24 | $1.4B | $3.9B | ||
| Q2 24 | $1.3B | $3.9B | ||
| Q1 24 | $1.3B | $3.8B |
总资产NWNRRC
| Q4 25 | $6.2B | $7.4B | ||
| Q3 25 | $5.9B | $7.2B | ||
| Q2 25 | $5.8B | $7.1B | ||
| Q1 25 | $5.7B | $7.4B | ||
| Q4 24 | $5.2B | $7.3B | ||
| Q3 24 | $4.9B | $7.2B | ||
| Q2 24 | $4.8B | $7.3B | ||
| Q1 24 | $4.8B | $7.4B |
负债/权益比NWNRRC
| Q4 25 | 1.65× | 0.28× | ||
| Q3 25 | 1.56× | 0.29× | ||
| Q2 25 | 1.53× | 0.29× | ||
| Q1 25 | 1.53× | 0.43× | ||
| Q4 24 | 1.23× | 0.43× | ||
| Q3 24 | 1.16× | 0.44× | ||
| Q2 24 | 1.17× | 0.44× | ||
| Q1 24 | 1.17× | 0.46× |
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 | $257.5M |
| 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 | — | 1.44× |
| 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NWNRRC
| Q4 25 | $3.3M | $257.5M | ||
| Q3 25 | $-15.9M | $247.5M | ||
| Q2 25 | $102.2M | $336.2M | ||
| Q1 25 | $179.6M | $330.1M | ||
| Q4 24 | $-19.4M | $217.9M | ||
| Q3 24 | $-26.4M | $245.9M | ||
| Q2 24 | $121.0M | $148.8M | ||
| Q1 24 | $125.0M | $331.9M |
自由现金流NWNRRC
| 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NWNRRC
| 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NWNRRC
| 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NWNRRC
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 2.04× | 3.40× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 5.18× | ||
| Q1 24 | 1.96× | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
