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先锋自然资源公司（PR）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是先锋自然资源公司的1.2倍（$1.4B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 3.1%，领先25.9%），希悦尔同比增速更快（2.6% vs -9.8%），过去两年希悦尔的营收复合增速更高（2.7% 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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
PR vs SEE — 直观对比
营收规模更大
SEE
是对方的1.2倍
$1.2B
营收增速更快
SEE
高出12.4%
-9.8%
净利率更高
PR
高出25.9%
3.1%
两年增速更快
SEE
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $339.5M | $43.8M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 23.1% | 11.4% |
| 净利率 | 29.0% | 3.1% |
| 营收同比 | -9.8% | 2.6% |
| 净利润同比 | 56.7% | 700.0% |
| 每股收益（稀释后） | $0.48 | $0.30 |
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PRSEE
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | $1.2B | $1.3B |
净利润PRSEE
| Q4 25 | $339.5M | $43.8M | ||
| Q3 25 | $59.2M | $255.1M | ||
| Q2 25 | $207.1M | $93.1M | ||
| Q1 25 | $329.3M | $113.5M | ||
| Q4 24 | $216.7M | $-7.3M | ||
| Q3 24 | $386.4M | $91.7M | ||
| Q2 24 | $235.1M | $98.3M | ||
| Q1 24 | $146.6M | $82.0M |
毛利率PRSEE
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
营业利润率PRSEE
| Q4 25 | 23.1% | 11.4% | ||
| Q3 25 | 29.6% | 13.8% | ||
| Q2 25 | 24.8% | 15.0% | ||
| Q1 25 | 36.6% | 14.5% | ||
| Q4 24 | 32.8% | 11.7% | ||
| Q3 24 | 32.5% | 13.9% | ||
| Q2 24 | 36.5% | 15.4% | ||
| Q1 24 | 37.7% | 14.0% |
净利率PRSEE
| Q4 25 | 29.0% | 3.1% | ||
| Q3 25 | 4.5% | 19.0% | ||
| Q2 25 | 17.3% | 7.0% | ||
| Q1 25 | 23.9% | 9.0% | ||
| Q4 24 | 16.7% | -0.5% | ||
| Q3 24 | 31.8% | 6.9% | ||
| Q2 24 | 18.9% | 7.4% | ||
| Q1 24 | 11.8% | 6.2% |
每股收益（稀释后）PRSEE
| Q4 25 | $0.48 | $0.30 | ||
| Q3 25 | $0.08 | $1.73 | ||
| Q2 25 | $0.28 | $0.63 | ||
| Q1 25 | $0.44 | $0.77 | ||
| Q4 24 | $0.31 | $-0.05 | ||
| Q3 24 | $0.53 | $0.63 | ||
| Q2 24 | $0.36 | $0.67 | ||
| Q1 24 | $0.25 | $0.56 |
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 | $344.0M |
| 总债务越低越好 | $3.5B | $3.3B |
| 股东权益账面价值 | $10.3B | $1.2B |
| 总资产 | $17.9B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.34× | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资PRSEE
| Q4 25 | $153.7M | $344.0M | ||
| Q3 25 | $111.8M | $282.5M | ||
| Q2 25 | $451.0M | $354.4M | ||
| Q1 25 | $702.2M | $335.2M | ||
| Q4 24 | $479.3M | $371.8M | ||
| Q3 24 | $272.0M | $386.0M | ||
| Q2 24 | $47.8M | $388.6M | ||
| Q1 24 | $12.7M | $352.8M |
总债务PRSEE
| Q4 25 | $3.5B | $3.3B | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $4.0B | $4.0B | ||
| Q1 25 | $4.0B | $4.2B | ||
| Q4 24 | $4.2B | $4.2B | ||
| Q3 24 | $4.2B | $4.3B | ||
| Q2 24 | $3.9B | $4.4B | ||
| Q1 24 | $3.9B | $4.5B |
股东权益PRSEE
| Q4 25 | $10.3B | $1.2B | ||
| Q3 25 | $10.0B | $1.2B | ||
| Q2 25 | $9.5B | $953.1M | ||
| Q1 25 | $9.4B | $797.9M | ||
| Q4 24 | $9.1B | $624.5M | ||
| Q3 24 | $9.0B | $771.2M | ||
| Q2 24 | $8.3B | $650.1M | ||
| Q1 24 | $7.0B | $598.3M |
总资产PRSEE
| Q4 25 | $17.9B | $7.0B | ||
| Q3 25 | $17.3B | $7.1B | ||
| Q2 25 | $17.5B | $7.2B | ||
| Q1 25 | $17.1B | $7.0B | ||
| Q4 24 | $16.9B | $7.0B | ||
| Q3 24 | $16.6B | $7.3B | ||
| Q2 24 | $15.4B | $7.3B | ||
| Q1 24 | $15.1B | $7.2B |
负债/权益比PRSEE
| Q4 25 | 0.34× | 2.65× | ||
| Q3 25 | 0.35× | 3.34× | ||
| Q2 25 | 0.42× | 4.18× | ||
| Q1 25 | 0.43× | 5.26× | ||
| Q4 24 | 0.46× | 6.72× | ||
| Q3 24 | 0.47× | 5.62× | ||
| Q2 24 | 0.46× | 6.81× | ||
| Q1 24 | 0.56× | 7.49× |
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 | $293.6M |
| 自由现金流经营现金流 - 资本支出 | — | $257.7M |
| 自由现金流率自由现金流/营收 | — | 18.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 2.66× | 6.70× |
| 过去12个月自由现金流最近4个季度 | — | $458.5M |
8季度趋势，按日历期对齐
经营现金流PRSEE
| Q4 25 | $904.3M | $293.6M | ||
| Q3 25 | $766.5M | $165.9M | ||
| Q2 25 | $1.0B | $136.6M | ||
| Q1 25 | $898.0M | $31.9M | ||
| Q4 24 | $871.6M | $244.2M | ||
| Q3 24 | $954.4M | $170.5M | ||
| Q2 24 | $938.4M | $188.2M | ||
| Q1 24 | $647.6M | $125.1M |
自由现金流PRSEE
| Q4 25 | — | $257.7M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $185.1M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $78.0M |
自由现金流率PRSEE
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 5.9% |
资本支出强度PRSEE
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.6% |
现金转化率PRSEE
| Q4 25 | 2.66× | 6.70× | ||
| Q3 25 | 12.94× | 0.65× | ||
| Q2 25 | 5.01× | 1.47× | ||
| Q1 25 | 2.73× | 0.28× | ||
| Q4 24 | 4.02× | — | ||
| Q3 24 | 2.47× | 1.86× | ||
| Q2 24 | 3.99× | 1.91× | ||
| Q1 24 | 4.42× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
