vs
北极星（PII）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是先锋自然资源公司的1.4倍（$1.7B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs -2.8%，领先31.9%），北极星同比增速更快（8.0% vs -9.8%），过去两年先锋自然资源公司的营收复合增速更高（-3.0% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
PII vs PR — 直观对比
营收规模更大
PII
是对方的1.4倍
$1.2B
营收增速更快
PII
高出17.8%
-9.8%
净利率更高
PR
高出31.9%
-2.8%
两年增速更快
PR
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-47.2M | $339.5M |
| 毛利率 | 20.2% | — |
| 营业利润率 | 76.5% | 23.1% |
| 净利率 | -2.8% | 29.0% |
| 营收同比 | 8.0% | -9.8% |
| 净利润同比 | 29.0% | 56.7% |
| 每股收益（稀释后） | $-0.83 | $0.48 |
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PIIPR
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B |
净利润PIIPR
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $339.5M | ||
| Q3 25 | $-15.8M | $59.2M | ||
| Q2 25 | $-79.3M | $207.1M | ||
| Q1 25 | $-66.8M | $329.3M | ||
| Q4 24 | $10.6M | $216.7M | ||
| Q3 24 | $27.7M | $386.4M | ||
| Q2 24 | $68.7M | $235.1M |
毛利率PIIPR
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.6% | — |
营业利润率PIIPR
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 23.1% | ||
| Q3 25 | 1.1% | 29.6% | ||
| Q2 25 | -0.7% | 24.8% | ||
| Q1 25 | -2.4% | 36.6% | ||
| Q4 24 | 3.7% | 32.8% | ||
| Q3 24 | 3.8% | 32.5% | ||
| Q2 24 | 6.1% | 36.5% |
净利率PIIPR
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 29.0% | ||
| Q3 25 | -0.9% | 4.5% | ||
| Q2 25 | -4.3% | 17.3% | ||
| Q1 25 | -4.3% | 23.9% | ||
| Q4 24 | 0.6% | 16.7% | ||
| Q3 24 | 1.6% | 31.8% | ||
| Q2 24 | 3.5% | 18.9% |
每股收益（稀释后）PIIPR
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $0.48 | ||
| Q3 25 | $-0.28 | $0.08 | ||
| Q2 25 | $-1.39 | $0.28 | ||
| Q1 25 | $-1.17 | $0.44 | ||
| Q4 24 | $0.18 | $0.31 | ||
| Q3 24 | $0.49 | $0.53 | ||
| Q2 24 | $1.21 | $0.36 |
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 | $282.0M | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $750.4M | $10.3B |
| 总资产 | $5.2B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资PIIPR
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $153.7M | ||
| Q3 25 | $335.5M | $111.8M | ||
| Q2 25 | $324.3M | $451.0M | ||
| Q1 25 | $291.7M | $702.2M | ||
| Q4 24 | $287.8M | $479.3M | ||
| Q3 24 | $291.3M | $272.0M | ||
| Q2 24 | $322.7M | $47.8M |
总债务PIIPR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $3.5B | ||
| Q3 25 | $1.3B | $3.5B | ||
| Q2 25 | $1.4B | $4.0B | ||
| Q1 25 | $1.6B | $4.0B | ||
| Q4 24 | $1.6B | $4.2B | ||
| Q3 24 | $1.7B | $4.2B | ||
| Q2 24 | $2.1B | $3.9B |
股东权益PIIPR
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $10.3B | ||
| Q3 25 | $1.1B | $10.0B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.2B | $9.4B | ||
| Q4 24 | $1.3B | $9.1B | ||
| Q3 24 | $1.3B | $9.0B | ||
| Q2 24 | $1.3B | $8.3B |
总资产PIIPR
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $17.9B | ||
| Q3 25 | $5.3B | $17.3B | ||
| Q2 25 | $5.4B | $17.5B | ||
| Q1 25 | $5.5B | $17.1B | ||
| Q4 24 | $5.5B | $16.9B | ||
| Q3 24 | $5.6B | $16.6B | ||
| Q2 24 | $5.7B | $15.4B |
负债/权益比PIIPR
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 0.34× | ||
| Q3 25 | 1.13× | 0.35× | ||
| Q2 25 | 1.17× | 0.42× | ||
| Q1 25 | 1.32× | 0.43× | ||
| Q4 24 | 1.27× | 0.46× | ||
| Q3 24 | 1.29× | 0.47× | ||
| Q2 24 | 1.56× | 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 | — | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | — |
| 自由现金流率自由现金流/营收 | -20.6% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.66× |
| 过去12个月自由现金流最近4个季度 | $168.0M | — |
8季度趋势，按日历期对齐
经营现金流PIIPR
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $904.3M | ||
| Q3 25 | $158.8M | $766.5M | ||
| Q2 25 | $320.3M | $1.0B | ||
| Q1 25 | $83.2M | $898.0M | ||
| Q4 24 | $206.3M | $871.6M | ||
| Q3 24 | $21.0M | $954.4M | ||
| Q2 24 | $146.3M | $938.4M |
自由现金流PIIPR
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | — | ||
| Q3 25 | $116.7M | — | ||
| Q2 25 | $279.8M | — | ||
| Q1 25 | $47.6M | — | ||
| Q4 24 | $137.3M | — | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $79.1M | — |
自由现金流率PIIPR
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | 4.0% | — |
资本支出强度PIIPR
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 3.4% | — |
现金转化率PIIPR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.66× | ||
| Q3 25 | — | 12.94× | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | 19.46× | 4.02× | ||
| Q3 24 | 0.76× | 2.47× | ||
| Q2 24 | 2.13× | 3.99× |
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
PII
暂无分部数据
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
