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先锋自然资源公司（PR）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是先锋自然资源公司的1.5倍（$1.7B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 2.6%，领先26.4%），Snap Inc同比增速更快（10.2% vs -9.8%），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
PR vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.5倍
$1.2B
营收增速更快
SNAP
高出20.0%
-9.8%
净利率更高
PR
高出26.4%
2.6%
两年增速更快
SNAP
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $339.5M | $45.2M |
| 毛利率 | — | 59.1% |
| 营业利润率 | 23.1% | 2.9% |
| 净利率 | 29.0% | 2.6% |
| 营收同比 | -9.8% | 10.2% |
| 净利润同比 | 56.7% | 396.7% |
| 每股收益（稀释后） | $0.48 | $0.03 |
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PRSNAP
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
净利润PRSNAP
| Q4 25 | $339.5M | $45.2M | ||
| Q3 25 | $59.2M | $-103.5M | ||
| Q2 25 | $207.1M | $-262.6M | ||
| Q1 25 | $329.3M | $-139.6M | ||
| Q4 24 | $216.7M | $9.1M | ||
| Q3 24 | $386.4M | $-153.2M | ||
| Q2 24 | $235.1M | $-248.6M | ||
| Q1 24 | $146.6M | $-305.1M |
毛利率PRSNAP
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 51.9% |
营业利润率PRSNAP
| Q4 25 | 23.1% | 2.9% | ||
| Q3 25 | 29.6% | -8.5% | ||
| Q2 25 | 24.8% | -19.3% | ||
| Q1 25 | 36.6% | -14.2% | ||
| Q4 24 | 32.8% | -1.7% | ||
| Q3 24 | 32.5% | -12.6% | ||
| Q2 24 | 36.5% | -20.5% | ||
| Q1 24 | 37.7% | -27.9% |
净利率PRSNAP
| Q4 25 | 29.0% | 2.6% | ||
| Q3 25 | 4.5% | -6.9% | ||
| Q2 25 | 17.3% | -19.5% | ||
| Q1 25 | 23.9% | -10.2% | ||
| Q4 24 | 16.7% | 0.6% | ||
| Q3 24 | 31.8% | -11.2% | ||
| Q2 24 | 18.9% | -20.1% | ||
| Q1 24 | 11.8% | -25.5% |
每股收益（稀释后）PRSNAP
| Q4 25 | $0.48 | $0.03 | ||
| Q3 25 | $0.08 | $-0.06 | ||
| Q2 25 | $0.28 | $-0.16 | ||
| Q1 25 | $0.44 | $-0.08 | ||
| Q4 24 | $0.31 | $0.01 | ||
| Q3 24 | $0.53 | $-0.09 | ||
| Q2 24 | $0.36 | $-0.15 | ||
| Q1 24 | $0.25 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | $3.5B | $3.5B |
| 股东权益账面价值 | $10.3B | $2.3B |
| 总资产 | $17.9B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.34× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资PRSNAP
| Q4 25 | $153.7M | $2.9B | ||
| Q3 25 | $111.8M | $3.0B | ||
| Q2 25 | $451.0M | $2.9B | ||
| Q1 25 | $702.2M | $3.2B | ||
| Q4 24 | $479.3M | $3.4B | ||
| Q3 24 | $272.0M | $3.2B | ||
| Q2 24 | $47.8M | $3.1B | ||
| Q1 24 | $12.7M | $2.9B |
总债务PRSNAP
| Q4 25 | $3.5B | $3.5B | ||
| Q3 25 | $3.5B | $3.5B | ||
| Q2 25 | $4.0B | $3.6B | ||
| Q1 25 | $4.0B | $3.6B | ||
| Q4 24 | $4.2B | $3.6B | ||
| Q3 24 | $4.2B | $3.6B | ||
| Q2 24 | $3.9B | $3.6B | ||
| Q1 24 | $3.9B | $3.3B |
股东权益PRSNAP
| Q4 25 | $10.3B | $2.3B | ||
| Q3 25 | $10.0B | $2.2B | ||
| Q2 25 | $9.5B | $2.1B | ||
| Q1 25 | $9.4B | $2.3B | ||
| Q4 24 | $9.1B | $2.5B | ||
| Q3 24 | $9.0B | $2.2B | ||
| Q2 24 | $8.3B | $2.1B | ||
| Q1 24 | $7.0B | $2.1B |
总资产PRSNAP
| Q4 25 | $17.9B | $7.7B | ||
| Q3 25 | $17.3B | $7.6B | ||
| Q2 25 | $17.5B | $7.4B | ||
| Q1 25 | $17.1B | $7.6B | ||
| Q4 24 | $16.9B | $7.9B | ||
| Q3 24 | $16.6B | $7.6B | ||
| Q2 24 | $15.4B | $7.4B | ||
| Q1 24 | $15.1B | $7.2B |
负债/权益比PRSNAP
| Q4 25 | 0.34× | 1.55× | ||
| Q3 25 | 0.35× | 1.59× | ||
| Q2 25 | 0.42× | 1.73× | ||
| Q1 25 | 0.43× | 1.56× | ||
| Q4 24 | 0.46× | 1.49× | ||
| Q3 24 | 0.47× | 1.65× | ||
| Q2 24 | 0.46× | 1.76× | ||
| Q1 24 | 0.56× | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | — | $205.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 2.66× | 5.96× |
| 过去12个月自由现金流最近4个季度 | — | $437.2M |
8季度趋势，按日历期对齐
经营现金流PRSNAP
| Q4 25 | $904.3M | $269.6M | ||
| Q3 25 | $766.5M | $146.5M | ||
| Q2 25 | $1.0B | $88.5M | ||
| Q1 25 | $898.0M | $151.6M | ||
| Q4 24 | $871.6M | $230.6M | ||
| Q3 24 | $954.4M | $115.9M | ||
| Q2 24 | $938.4M | $-21.4M | ||
| Q1 24 | $647.6M | $88.4M |
自由现金流PRSNAP
| Q4 25 | — | $205.6M | ||
| Q3 25 | — | $93.4M | ||
| Q2 25 | — | $23.8M | ||
| Q1 25 | — | $114.4M | ||
| Q4 24 | — | $182.4M | ||
| Q3 24 | — | $71.8M | ||
| Q2 24 | — | $-73.4M | ||
| Q1 24 | — | $37.9M |
自由现金流率PRSNAP
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | -5.9% | ||
| Q1 24 | — | 3.2% |
资本支出强度PRSNAP
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | 4.2% |
现金转化率PRSNAP
| Q4 25 | 2.66× | 5.96× | ||
| Q3 25 | 12.94× | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 4.02× | 25.34× | ||
| Q3 24 | 2.47× | — | ||
| Q2 24 | 3.99× | — | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
