vs
Oneok（OKE）与Southwest Gas Holdings, Inc.（SWX）财务数据对比。点击上方公司名可切换其他公司
Oneok净利率更高（10.8% vs -8.6%，领先19.4%）。Oneok同比增速更快（29.5% vs -162.5%）。Oneok自由现金流更多（$576.0M vs $-155.9M）。过去两年Southwest Gas Holdings, Inc.的营收复合增速更高（NaN% vs NaN%）
ONEOK是美国油气中游领域运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及储存服务，位列财富500强及标普500指数成分股。公司前身为1906年成立的俄克拉荷马天然气公司，1980年正式更名为ONEOK。
西南燃气控股是一家投资者所有的公用事业企业，总部位于美国内华达州拉斯维加斯，主要开展燃气供应等相关公用事业服务，运营体系成熟稳定，在其服务覆盖区域拥有良好的市场口碑与客户基础。
OKE vs SWX — 直观对比
营收规模更大
OKE
是对方的-11.4倍
$-793.4M
营收增速更快
OKE
高出192.0%
-162.5%
净利率更高
OKE
高出19.4%
-8.6%
自由现金流更多
OKE
多$731.9M
$-155.9M
两年增速更快
SWX
近两年复合增速
37.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $9.1B | $-793.4M |
| 净利润 | $977.0M | $68.4M |
| 毛利率 | 29.4% | — |
| 营业利润率 | 16.9% | — |
| 净利率 | 10.8% | -8.6% |
| 营收同比 | 29.5% | -162.5% |
| 净利润同比 | 5.9% | -26.1% |
| 每股收益（稀释后） | $1.55 | $0.94 |
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OKESWX
| Q4 25 | $9.1B | $-793.4M | ||
| Q3 25 | $8.6B | $316.9M | ||
| Q2 25 | $7.9B | $1.1B | ||
| Q1 25 | $8.0B | $1.3B | ||
| Q4 24 | $7.0B | $1.3B | ||
| Q3 24 | $5.0B | $1.1B | ||
| Q2 24 | $4.9B | $1.2B | ||
| Q1 24 | $4.8B | $1.6B |
净利润OKESWX
| Q4 25 | $977.0M | $68.4M | ||
| Q3 25 | $939.0M | $270.5M | ||
| Q2 25 | $841.0M | $-12.9M | ||
| Q1 25 | $636.0M | $113.9M | ||
| Q4 24 | $923.0M | $92.5M | ||
| Q3 24 | $693.0M | $289.0K | ||
| Q2 24 | $780.0M | $18.3M | ||
| Q1 24 | $639.0M | $87.7M |
毛利率OKESWX
| Q4 25 | 29.4% | — | ||
| Q3 25 | 30.9% | — | ||
| Q2 25 | 32.0% | 41.3% | ||
| Q1 25 | 29.7% | 59.2% | ||
| Q4 24 | 35.8% | 48.8% | ||
| Q3 24 | 39.7% | 40.2% | ||
| Q2 24 | 40.9% | 48.9% | ||
| Q1 24 | 39.4% | 67.4% |
营业利润率OKESWX
| Q4 25 | 16.9% | — | ||
| Q3 25 | 18.0% | 11.7% | ||
| Q2 25 | 18.1% | 8.5% | ||
| Q1 25 | 15.2% | 15.5% | ||
| Q4 24 | 22.4% | 14.2% | ||
| Q3 24 | 22.5% | 5.7% | ||
| Q2 24 | 25.1% | 7.0% | ||
| Q1 24 | 22.3% | 10.0% |
净利率OKESWX
| Q4 25 | 10.8% | -8.6% | ||
| Q3 25 | 10.9% | 85.3% | ||
| Q2 25 | 10.7% | -1.1% | ||
| Q1 25 | 7.9% | 8.8% | ||
| Q4 24 | 13.2% | 7.3% | ||
| Q3 24 | 13.8% | 0.0% | ||
| Q2 24 | 15.9% | 1.6% | ||
| Q1 24 | 13.4% | 5.5% |
每股收益（稀释后）OKESWX
| Q4 25 | $1.55 | $0.94 | ||
| Q3 25 | $1.49 | $3.74 | ||
| Q2 25 | $1.34 | $-0.18 | ||
| Q1 25 | $1.04 | $1.58 | ||
| Q4 24 | $1.57 | $1.29 | ||
| Q3 24 | $1.18 | $0.00 | ||
| Q2 24 | $1.33 | $0.25 | ||
| Q1 24 | $1.09 | $1.22 |
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 | $78.0M | $576.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $22.5B | $4.0B |
| 总资产 | $66.6B | $10.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OKESWX
| Q4 25 | $78.0M | $576.6M | ||
| Q3 25 | $1.2B | $778.6M | ||
| Q2 25 | $97.0M | $355.6M | ||
| Q1 25 | $141.0M | $406.3M | ||
| Q4 24 | $733.0M | $363.8M | ||
| Q3 24 | $579.0M | $456.6M | ||
| Q2 24 | $36.0M | $599.6M | ||
| Q1 24 | $65.0M | $458.0M |
总债务OKESWX
| Q4 25 | — | — | ||
| Q3 25 | $33.7B | — | ||
| Q2 25 | $31.3B | — | ||
| Q1 25 | $31.8B | — | ||
| Q4 24 | $32.1B | — | ||
| Q3 24 | $28.1B | — | ||
| Q2 24 | $21.7B | — | ||
| Q1 24 | $21.7B | — |
股东权益OKESWX
| Q4 25 | $22.5B | $4.0B | ||
| Q3 25 | $22.1B | $3.9B | ||
| Q2 25 | $21.8B | $3.7B | ||
| Q1 25 | $21.4B | $3.6B | ||
| Q4 24 | $17.0B | $3.5B | ||
| Q3 24 | $16.9B | $3.5B | ||
| Q2 24 | $16.7B | $3.5B | ||
| Q1 24 | $16.4B | $3.4B |
总资产OKESWX
| Q4 25 | $66.6B | $10.4B | ||
| Q3 25 | $66.6B | $10.3B | ||
| Q2 25 | $64.5B | $12.2B | ||
| Q1 25 | $64.3B | $12.1B | ||
| Q4 24 | $64.1B | $12.0B | ||
| Q3 24 | $51.0B | $11.9B | ||
| Q2 24 | $44.5B | $12.0B | ||
| Q1 24 | $44.4B | $11.9B |
负债/权益比OKESWX
| Q4 25 | — | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.43× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 1.30× | — | ||
| Q1 24 | 1.32× | — |
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 | $1.5B | $81.6M |
| 自由现金流经营现金流 - 资本支出 | $576.0M | $-155.9M |
| 自由现金流率自由现金流/营收 | 6.4% | 19.7% |
| 资本支出强度资本支出/营收 | 10.7% | -29.9% |
| 现金转化率经营现金流/净利润 | 1.58× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $2.4B | $-251.8M |
8季度趋势，按日历期对齐
经营现金流OKESWX
| Q4 25 | $1.5B | $81.6M | ||
| Q3 25 | $1.6B | $56.9M | ||
| Q2 25 | $1.5B | $126.3M | ||
| Q1 25 | $904.0M | $291.3M | ||
| Q4 24 | $1.6B | $201.4M | ||
| Q3 24 | $1.3B | $304.1M | ||
| Q2 24 | $1.4B | $306.6M | ||
| Q1 24 | $596.0M | $543.7M |
自由现金流OKESWX
| Q4 25 | $576.0M | $-155.9M | ||
| Q3 25 | $820.0M | $-105.8M | ||
| Q2 25 | $776.0M | $-93.8M | ||
| Q1 25 | $275.0M | $103.8M | ||
| Q4 24 | $1.0B | $-34.7M | ||
| Q3 24 | $783.0M | $38.7M | ||
| Q2 24 | $951.0M | $83.3M | ||
| Q1 24 | $84.0M | $322.5M |
自由现金流率OKESWX
| Q4 25 | 6.4% | 19.7% | ||
| Q3 25 | 9.5% | -33.4% | ||
| Q2 25 | 9.8% | -8.4% | ||
| Q1 25 | 3.4% | 8.0% | ||
| Q4 24 | 15.0% | -2.7% | ||
| Q3 24 | 15.6% | 3.6% | ||
| Q2 24 | 19.4% | 7.0% | ||
| Q1 24 | 1.8% | 20.4% |
资本支出强度OKESWX
| Q4 25 | 10.7% | -29.9% | ||
| Q3 25 | 9.3% | 51.3% | ||
| Q2 25 | 9.5% | 19.6% | ||
| Q1 25 | 7.8% | 14.5% | ||
| Q4 24 | 8.0% | 18.6% | ||
| Q3 24 | 9.3% | 24.6% | ||
| Q2 24 | 9.8% | 18.9% | ||
| Q1 24 | 10.7% | 14.0% |
现金转化率OKESWX
| Q4 25 | 1.58× | 1.19× | ||
| Q3 25 | 1.73× | 0.21× | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 1.42× | 2.56× | ||
| Q4 24 | 1.75× | 2.18× | ||
| Q3 24 | 1.81× | 1052.08× | ||
| Q2 24 | 1.83× | 16.72× | ||
| Q1 24 | 0.93× | 6.20× |
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
OKE
| Natural Gas Liquids | $4.0B | 44% |
| Natural Gas Gathering And Processing | $1.8B | 20% |
| Services | $1.2B | 14% |
| Liquids Commodity | $979.0M | 11% |
| Wholly Owned Interstate Natural Gas Pipelines | $527.0M | 6% |
| Exchange Services And Natural Gas Gathering And Processing Revenue | $365.0M | 4% |
| Transportationand Storage Revenue | $108.0M | 1% |
| Other | $12.0M | 0% |
SWX
暂无分部数据
