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Northwest Natural Holding Co（NWN）与红罗宾美食汉堡（RRGB）财务数据对比。点击上方公司名可切换其他公司
Northwest Natural Holding Co的季度营收约是红罗宾美食汉堡的1.4倍（$394.2M vs $283.7M），Northwest Natural Holding Co同比增速更快（6.3% vs -5.5%），红罗宾美食汉堡自由现金流更多（$3.4M vs $-131.0M），过去两年Northwest Natural Holding Co的营收复合增速更高（-4.6% vs -15.3%）
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。
红罗宾美食汉堡公司是总部位于美国的休闲餐饮连锁品牌，主打多款风味丰富的精品汉堡，同时供应开胃小食、招牌奶昔、沙拉、三明治等餐品，在全美多州开设门店，提供堂食、外带服务，主打适合全年龄段的家庭友好消费场景。
NWN vs RRGB — 直观对比
营收规模更大
NWN
是对方的1.4倍
$283.7M
营收增速更快
NWN
高出11.8%
-5.5%
自由现金流更多
RRGB
多$134.4M
$-131.0M
两年增速更快
NWN
近两年复合增速
-15.3%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $394.2M | $283.7M |
| 净利润 | — | $4.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.4% | 3.5% |
| 净利率 | — | 1.4% |
| 营收同比 | 6.3% | -5.5% |
| 净利润同比 | — | 142.1% |
| 每股收益（稀释后） | $1.38 | $0.21 |
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NWNRRGB
| Q4 25 | $394.2M | — | ||
| Q3 25 | $164.7M | $283.7M | ||
| Q2 25 | $236.2M | $392.4M | ||
| Q1 25 | $494.3M | — | ||
| Q4 24 | $370.9M | — | ||
| Q3 24 | $136.9M | $300.2M | ||
| Q2 24 | $211.7M | $388.5M | ||
| Q1 24 | $433.5M | — |
净利润NWNRRGB
| Q4 25 | — | — | ||
| Q3 25 | $-29.9M | $4.0M | ||
| Q2 25 | $-2.5M | $1.2M | ||
| Q1 25 | $87.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-27.2M | $-9.5M | ||
| Q2 24 | $-2.8M | $-9.5M | ||
| Q1 24 | $63.8M | — |
营业利润率NWNRRGB
| Q4 25 | 28.4% | — | ||
| Q3 25 | -7.5% | 3.5% | ||
| Q2 25 | 11.5% | 2.3% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | -14.1% | -1.5% | ||
| Q2 24 | 7.4% | -0.5% | ||
| Q1 24 | 25.3% | — |
净利率NWNRRGB
| Q4 25 | — | — | ||
| Q3 25 | -18.1% | 1.4% | ||
| Q2 25 | -1.1% | 0.3% | ||
| Q1 25 | 17.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -19.8% | -3.2% | ||
| Q2 24 | -1.3% | -2.4% | ||
| Q1 24 | 14.7% | — |
每股收益（稀释后）NWNRRGB
| Q4 25 | $1.38 | — | ||
| Q3 25 | $-0.73 | $0.21 | ||
| Q2 25 | $-0.06 | $0.07 | ||
| Q1 25 | $2.18 | — | ||
| Q4 24 | $1.12 | — | ||
| Q3 24 | $-0.71 | $-0.61 | ||
| Q2 24 | $-0.07 | $-0.61 | ||
| Q1 24 | $1.69 | — |
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 | $24.4M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $1.5B | $-78.6M |
| 总资产 | $6.2B | $586.9M |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资NWNRRGB
| Q4 25 | $36.7M | — | ||
| Q3 25 | $32.2M | $24.4M | ||
| Q2 25 | $102.6M | $24.1M | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $38.5M | — | ||
| Q3 24 | $35.0M | $23.1M | ||
| Q2 24 | $65.2M | $30.6M | ||
| Q1 24 | $72.4M | — |
总债务NWNRRGB
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
股东权益NWNRRGB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $-78.6M | ||
| Q2 25 | $1.5B | $-80.4M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $-36.5M | ||
| Q2 24 | $1.3B | $-29.1M | ||
| Q1 24 | $1.3B | — |
总资产NWNRRGB
| Q4 25 | $6.2B | — | ||
| Q3 25 | $5.9B | $586.9M | ||
| Q2 25 | $5.8B | $606.2M | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $4.9B | $689.1M | ||
| Q2 24 | $4.8B | $717.1M | ||
| Q1 24 | $4.8B | — |
负债/权益比NWNRRGB
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | 1.53× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 1.17× | — |
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 | $9.9M |
| 自由现金流经营现金流 - 资本支出 | $-131.0M | $3.4M |
| 自由现金流率自由现金流/营收 | -33.2% | 1.2% |
| 资本支出强度资本支出/营收 | 34.1% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2.49× |
| 过去12个月自由现金流最近4个季度 | $-197.8M | $11.4M |
8季度趋势，按日历期对齐
经营现金流NWNRRGB
| Q4 25 | $3.3M | — | ||
| Q3 25 | $-15.9M | $9.9M | ||
| Q2 25 | $102.2M | $19.6M | ||
| Q1 25 | $179.6M | — | ||
| Q4 24 | $-19.4M | — | ||
| Q3 24 | $-26.4M | $512.0K | ||
| Q2 24 | $121.0M | $13.7M | ||
| Q1 24 | $125.0M | — |
自由现金流NWNRRGB
| Q4 25 | $-131.0M | — | ||
| Q3 25 | $-125.9M | $3.4M | ||
| Q2 25 | $-18.3M | $7.6M | ||
| Q1 25 | $77.4M | — | ||
| Q4 24 | $-119.6M | — | ||
| Q3 24 | $-121.7M | $-5.1M | ||
| Q2 24 | $4.3M | $5.5M | ||
| Q1 24 | $42.8M | — |
自由现金流率NWNRRGB
| Q4 25 | -33.2% | — | ||
| Q3 25 | -76.4% | 1.2% | ||
| Q2 25 | -7.8% | 1.9% | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | -32.2% | — | ||
| Q3 24 | -88.9% | -1.7% | ||
| Q2 24 | 2.0% | 1.4% | ||
| Q1 24 | 9.9% | — |
资本支出强度NWNRRGB
| Q4 25 | 34.1% | — | ||
| Q3 25 | 66.8% | 2.3% | ||
| Q2 25 | 51.0% | 3.1% | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 69.6% | 1.9% | ||
| Q2 24 | 55.1% | 2.1% | ||
| Q1 24 | 19.0% | — |
现金转化率NWNRRGB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.49× | ||
| Q2 25 | — | 15.67× | ||
| Q1 25 | 2.04× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.96× | — |
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% |
RRGB
| Food And Beverage | $279.3M | 98% |
| Franchise | $3.2M | 1% |
| Products And Services Gift Card | $1.8M | 1% |
| Product And Service Gift Card And Other | $1.2M | 0% |
