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先锋自然资源公司（PR）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是先锋自然资源公司的1.4倍（$1.6B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 3.5%，领先25.6%），帕森斯公司同比增速更快（-7.5% vs -9.8%），过去两年帕森斯公司的营收复合增速更高（2.2% vs -3.0%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
PR vs PSN — 直观对比
营收规模更大
PSN
是对方的1.4倍
$1.2B
营收增速更快
PSN
高出2.3%
-9.8%
净利率更高
PR
高出25.6%
3.5%
两年增速更快
PSN
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $339.5M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | 23.1% | 6.6% |
| 净利率 | 29.0% | 3.5% |
| 营收同比 | -9.8% | -7.5% |
| 净利润同比 | 56.7% | -72.4% |
| 每股收益（稀释后） | $0.48 | $0.51 |
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PRPSN
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.2B | $1.5B |
净利润PRPSN
| Q4 25 | $339.5M | $55.6M | ||
| Q3 25 | $59.2M | $64.1M | ||
| Q2 25 | $207.1M | $55.2M | ||
| Q1 25 | $329.3M | $66.2M | ||
| Q4 24 | $216.7M | $201.3M | ||
| Q3 24 | $386.4M | $72.0M | ||
| Q2 24 | $235.1M | $69.2M | ||
| Q1 24 | $146.6M | $-107.4M |
毛利率PRPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率PRPSN
| Q4 25 | 23.1% | 6.6% | ||
| Q3 25 | 29.6% | 6.7% | ||
| Q2 25 | 24.8% | 6.0% | ||
| Q1 25 | 36.6% | 7.0% | ||
| Q4 24 | 32.8% | 5.8% | ||
| Q3 24 | 32.5% | 6.4% | ||
| Q2 24 | 36.5% | 6.7% | ||
| Q1 24 | 37.7% | 6.6% |
净利率PRPSN
| Q4 25 | 29.0% | 3.5% | ||
| Q3 25 | 4.5% | 4.0% | ||
| Q2 25 | 17.3% | 3.5% | ||
| Q1 25 | 23.9% | 4.3% | ||
| Q4 24 | 16.7% | 11.6% | ||
| Q3 24 | 31.8% | 4.0% | ||
| Q2 24 | 18.9% | 4.1% | ||
| Q1 24 | 11.8% | -7.0% |
每股收益（稀释后）PRPSN
| Q4 25 | $0.48 | $0.51 | ||
| Q3 25 | $0.08 | $0.59 | ||
| Q2 25 | $0.28 | $0.50 | ||
| Q1 25 | $0.44 | $0.60 | ||
| Q4 24 | $0.31 | $1.85 | ||
| Q3 24 | $0.53 | $0.65 | ||
| Q2 24 | $0.36 | $0.63 | ||
| Q1 24 | $0.25 | $-1.01 |
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 | $153.7M | $466.4M |
| 总债务越低越好 | $3.5B | $1.2B |
| 股东权益账面价值 | $10.3B | $2.6B |
| 总资产 | $17.9B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资PRPSN
| Q4 25 | $153.7M | $466.4M | ||
| Q3 25 | $111.8M | $422.6M | ||
| Q2 25 | $451.0M | $411.3M | ||
| Q1 25 | $702.2M | $269.7M | ||
| Q4 24 | $479.3M | $453.5M | ||
| Q3 24 | $272.0M | $558.8M | ||
| Q2 24 | $47.8M | $528.5M | ||
| Q1 24 | $12.7M | $423.1M |
总债务PRPSN
| Q4 25 | $3.5B | $1.2B | ||
| Q3 25 | $3.5B | $1.2B | ||
| Q2 25 | $4.0B | $1.2B | ||
| Q1 25 | $4.0B | $785.2M | ||
| Q4 24 | $4.2B | $784.1M | ||
| Q3 24 | $4.2B | $1.1B | ||
| Q2 24 | $3.9B | $1.2B | ||
| Q1 24 | $3.9B | $1.2B |
股东权益PRPSN
| Q4 25 | $10.3B | $2.6B | ||
| Q3 25 | $10.0B | $2.6B | ||
| Q2 25 | $9.5B | $2.5B | ||
| Q1 25 | $9.4B | $2.5B | ||
| Q4 24 | $9.1B | $2.4B | ||
| Q3 24 | $9.0B | $2.3B | ||
| Q2 24 | $8.3B | $2.2B | ||
| Q1 24 | $7.0B | $2.1B |
总资产PRPSN
| Q4 25 | $17.9B | $5.8B | ||
| Q3 25 | $17.3B | $5.7B | ||
| Q2 25 | $17.5B | $5.7B | ||
| Q1 25 | $17.1B | $5.4B | ||
| Q4 24 | $16.9B | $5.5B | ||
| Q3 24 | $16.6B | $5.4B | ||
| Q2 24 | $15.4B | $5.2B | ||
| Q1 24 | $15.1B | $5.1B |
负债/权益比PRPSN
| Q4 25 | 0.34× | 0.47× | ||
| Q3 25 | 0.35× | 0.48× | ||
| Q2 25 | 0.42× | 0.49× | ||
| Q1 25 | 0.43× | 0.32× | ||
| Q4 24 | 0.46× | 0.32× | ||
| Q3 24 | 0.47× | 0.49× | ||
| Q2 24 | 0.46× | 0.56× | ||
| Q1 24 | 0.56× | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | — | $135.6M |
| 自由现金流率自由现金流/营收 | — | 8.5% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 2.66× | 3.01× |
| 过去12个月自由现金流最近4个季度 | — | $410.4M |
8季度趋势，按日历期对齐
经营现金流PRPSN
| Q4 25 | $904.3M | $167.5M | ||
| Q3 25 | $766.5M | $162.8M | ||
| Q2 25 | $1.0B | $159.8M | ||
| Q1 25 | $898.0M | $-11.8M | ||
| Q4 24 | $871.6M | $126.8M | ||
| Q3 24 | $954.4M | $299.0M | ||
| Q2 24 | $938.4M | $161.2M | ||
| Q1 24 | $647.6M | $-63.4M |
自由现金流PRPSN
| Q4 25 | — | $135.6M | ||
| Q3 25 | — | $149.7M | ||
| Q2 25 | — | $150.4M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $108.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $152.0M | ||
| Q1 24 | — | $-72.9M |
自由现金流率PRPSN
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | -4.7% |
资本支出强度PRPSN
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率PRPSN
| Q4 25 | 2.66× | 3.01× | ||
| Q3 25 | 12.94× | 2.54× | ||
| Q2 25 | 5.01× | 2.89× | ||
| Q1 25 | 2.73× | -0.18× | ||
| Q4 24 | 4.02× | 0.63× | ||
| Q3 24 | 2.47× | 4.16× | ||
| Q2 24 | 3.99× | 2.33× | ||
| Q1 24 | 4.42× | — |
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
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
