vs
先锋自然资源公司（PR）与STEPAN CO（SCL）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是STEPAN CO的1.9倍（$1.2B vs $604.5M），先锋自然资源公司净利率更高（29.0% vs 3.3%，领先25.8%），STEPAN CO同比增速更快（1.9% vs -9.8%），过去两年STEPAN CO的营收复合增速更高（4.2% 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。
斯特潘公司是一家美国特种化学品制造商，总部位于伊利诺伊州诺斯布鲁克，1932年由小阿尔弗雷德·C·斯特潘创立，现有约2000名员工，目前由创始人的孙子小F·奎因·斯特潘执掌。该公司是全球最大的阴离子表面活性剂商品生产商，产品用于提升洗涤剂、洗发水、牙膏及化妆品的起泡与清洁能力。
PR vs SCL — 直观对比
营收规模更大
PR
是对方的1.9倍
$604.5M
营收增速更快
SCL
高出11.7%
-9.8%
净利率更高
PR
高出25.8%
3.3%
两年增速更快
SCL
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $604.5M |
| 净利润 | $339.5M | $19.7M |
| 毛利率 | — | 10.7% |
| 营业利润率 | 23.1% | 4.7% |
| 净利率 | 29.0% | 3.3% |
| 营收同比 | -9.8% | 1.9% |
| 净利润同比 | 56.7% | — |
| 每股收益（稀释后） | $0.48 | $0.86 |
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PRSCL
| Q1 26 | — | $604.5M | ||
| Q4 25 | $1.2B | $553.9M | ||
| Q3 25 | $1.3B | $590.3M | ||
| Q2 25 | $1.2B | $594.7M | ||
| Q1 25 | $1.4B | $593.3M | ||
| Q4 24 | $1.3B | $525.6M | ||
| Q3 24 | $1.2B | $546.8M | ||
| Q2 24 | $1.2B | $556.4M |
净利润PRSCL
| Q1 26 | — | $19.7M | ||
| Q4 25 | $339.5M | $5.0M | ||
| Q3 25 | $59.2M | $10.8M | ||
| Q2 25 | $207.1M | $11.3M | ||
| Q1 25 | $329.3M | $19.7M | ||
| Q4 24 | $216.7M | $3.4M | ||
| Q3 24 | $386.4M | $23.6M | ||
| Q2 24 | $235.1M | $9.5M |
毛利率PRSCL
| Q1 26 | — | 10.7% | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 12.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 12.5% |
营业利润率PRSCL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 23.1% | 1.9% | ||
| Q3 25 | 29.6% | 3.7% | ||
| Q2 25 | 24.8% | 3.0% | ||
| Q1 25 | 36.6% | 4.8% | ||
| Q4 24 | 32.8% | 1.5% | ||
| Q3 24 | 32.5% | 4.4% | ||
| Q2 24 | 36.5% | 3.4% |
净利率PRSCL
| Q1 26 | — | 3.3% | ||
| Q4 25 | 29.0% | 0.9% | ||
| Q3 25 | 4.5% | 1.8% | ||
| Q2 25 | 17.3% | 1.9% | ||
| Q1 25 | 23.9% | 3.3% | ||
| Q4 24 | 16.7% | 0.6% | ||
| Q3 24 | 31.8% | 4.3% | ||
| Q2 24 | 18.9% | 1.7% |
每股收益（稀释后）PRSCL
| Q1 26 | — | $0.86 | ||
| Q4 25 | $0.48 | $0.22 | ||
| Q3 25 | $0.08 | $0.47 | ||
| Q2 25 | $0.28 | $0.50 | ||
| Q1 25 | $0.44 | $0.86 | ||
| Q4 24 | $0.31 | $0.14 | ||
| Q3 24 | $0.53 | $1.03 | ||
| Q2 24 | $0.36 | $0.42 |
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 | — |
| 总债务越低越好 | $3.5B | $328.4M |
| 股东权益账面价值 | $10.3B | $1.2B |
| 总资产 | $17.9B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资PRSCL
| Q1 26 | — | — | ||
| Q4 25 | $153.7M | $132.7M | ||
| Q3 25 | $111.8M | $118.5M | ||
| Q2 25 | $451.0M | $88.9M | ||
| Q1 25 | $702.2M | $107.5M | ||
| Q4 24 | $479.3M | $99.7M | ||
| Q3 24 | $272.0M | $147.3M | ||
| Q2 24 | $47.8M | $124.7M |
总债务PRSCL
| Q1 26 | — | $328.4M | ||
| Q4 25 | $3.5B | $626.7M | ||
| Q3 25 | $3.5B | $655.5M | ||
| Q2 25 | $4.0B | $658.0M | ||
| Q1 25 | $4.0B | $659.3M | ||
| Q4 24 | $4.2B | $625.4M | ||
| Q3 24 | $4.2B | $688.5M | ||
| Q2 24 | $3.9B | $657.1M |
股东权益PRSCL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $10.3B | $1.2B | ||
| Q3 25 | $10.0B | $1.2B | ||
| Q2 25 | $9.5B | $1.2B | ||
| Q1 25 | $9.4B | $1.2B | ||
| Q4 24 | $9.1B | $1.2B | ||
| Q3 24 | $9.0B | $1.2B | ||
| Q2 24 | $8.3B | $1.2B |
总资产PRSCL
| Q1 26 | — | $2.3B | ||
| Q4 25 | $17.9B | $2.4B | ||
| Q3 25 | $17.3B | $2.4B | ||
| Q2 25 | $17.5B | $2.4B | ||
| Q1 25 | $17.1B | $2.4B | ||
| Q4 24 | $16.9B | $2.3B | ||
| Q3 24 | $16.6B | $2.4B | ||
| Q2 24 | $15.4B | $2.3B |
负债/权益比PRSCL
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.34× | 0.50× | ||
| Q3 25 | 0.35× | 0.53× | ||
| Q2 25 | 0.42× | 0.53× | ||
| Q1 25 | 0.43× | 0.55× | ||
| Q4 24 | 0.46× | 0.53× | ||
| Q3 24 | 0.47× | 0.56× | ||
| Q2 24 | 0.46× | 0.55× |
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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流PRSCL
| Q1 26 | — | — | ||
| Q4 25 | $904.3M | $60.0M | ||
| Q3 25 | $766.5M | $69.8M | ||
| Q2 25 | $1.0B | $11.2M | ||
| Q1 25 | $898.0M | $6.9M | ||
| Q4 24 | $871.6M | $68.3M | ||
| Q3 24 | $954.4M | $22.7M | ||
| Q2 24 | $938.4M | $29.5M |
自由现金流PRSCL
| Q1 26 | — | — | ||
| Q4 25 | — | $25.4M | ||
| Q3 25 | — | $40.2M | ||
| Q2 25 | — | $-14.4M | ||
| Q1 25 | — | $-25.8M | ||
| Q4 24 | — | $32.1M | ||
| Q3 24 | — | $-4.0M | ||
| Q2 24 | — | $-208.0K |
自由现金流率PRSCL
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | -2.4% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | -0.0% |
资本支出强度PRSCL
| Q1 26 | — | — | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 5.3% |
现金转化率PRSCL
| Q1 26 | — | — | ||
| Q4 25 | 2.66× | 11.99× | ||
| Q3 25 | 12.94× | 6.44× | ||
| Q2 25 | 5.01× | 0.99× | ||
| Q1 25 | 2.73× | 0.35× | ||
| Q4 24 | 4.02× | 20.38× | ||
| Q3 24 | 2.47× | 0.96× | ||
| Q2 24 | 3.99× | 3.10× |
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% |
SCL
| Surfactants | $453.7M | 75% |
| Polymers | $130.0M | 22% |
| Specialty Products | $20.8M | 3% |
