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先锋自然资源公司（PR）与思佳讯（SWKS）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思佳讯的1.1倍（$1.2B vs $1.0B），先锋自然资源公司净利率更高（29.0% vs 7.6%，领先21.4%），思佳讯同比增速更快（8.6% vs -9.8%），过去两年思佳讯的营收复合增速更高（-0.5% 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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
PR vs SWKS — 直观对比
营收规模更大
PR
是对方的1.1倍
$1.0B
营收增速更快
SWKS
高出18.4%
-9.8%
净利率更高
PR
高出21.4%
7.6%
两年增速更快
SWKS
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $339.5M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 23.1% | 10.0% |
| 净利率 | 29.0% | 7.6% |
| 营收同比 | -9.8% | 8.6% |
| 净利润同比 | 56.7% | 15.3% |
| 每股收益（稀释后） | $0.48 | $0.53 |
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PRSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | $965.0M | ||
| Q1 25 | $1.4B | $953.2M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $905.5M |
净利润PRSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $339.5M | $141.4M | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $207.1M | $105.0M | ||
| Q1 25 | $329.3M | $68.7M | ||
| Q4 24 | $216.7M | $162.0M | ||
| Q3 24 | $386.4M | $60.5M | ||
| Q2 24 | $235.1M | $120.9M |
毛利率PRSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率PRSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 23.1% | 10.1% | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 24.8% | 11.5% | ||
| Q1 25 | 36.6% | 10.2% | ||
| Q4 24 | 32.8% | 16.9% | ||
| Q3 24 | 32.5% | 5.8% | ||
| Q2 24 | 36.5% | 14.4% |
净利率PRSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 29.0% | 12.9% | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 17.3% | 10.9% | ||
| Q1 25 | 23.9% | 7.2% | ||
| Q4 24 | 16.7% | 15.2% | ||
| Q3 24 | 31.8% | 5.9% | ||
| Q2 24 | 18.9% | 13.4% |
每股收益（稀释后）PRSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.48 | $0.95 | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $0.28 | $0.70 | ||
| Q1 25 | $0.44 | $0.43 | ||
| Q4 24 | $0.31 | $1.00 | ||
| Q3 24 | $0.53 | $0.36 | ||
| Q2 24 | $0.36 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $3.5B | $496.6M |
| 股东权益账面价值 | $10.3B | $5.8B |
| 总资产 | $17.9B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PRSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $153.7M | $1.4B | ||
| Q3 25 | $111.8M | — | ||
| Q2 25 | $451.0M | $1.3B | ||
| Q1 25 | $702.2M | $1.5B | ||
| Q4 24 | $479.3M | $1.7B | ||
| Q3 24 | $272.0M | $1.6B | ||
| Q2 24 | $47.8M | $1.3B |
总债务PRSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $3.5B | $496.4M | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $4.0B | $496.2M | ||
| Q1 25 | $4.0B | $995.1M | ||
| Q4 24 | $4.2B | $994.7M | ||
| Q3 24 | $4.2B | $994.3M | ||
| Q2 24 | $3.9B | $994.0M |
股东权益PRSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $10.3B | $5.8B | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $9.5B | $5.7B | ||
| Q1 25 | $9.4B | $5.9B | ||
| Q4 24 | $9.1B | $6.4B | ||
| Q3 24 | $9.0B | $6.3B | ||
| Q2 24 | $8.3B | $6.3B |
总资产PRSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $17.9B | $7.9B | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $17.5B | $7.7B | ||
| Q1 25 | $17.1B | $7.9B | ||
| Q4 24 | $16.9B | $8.3B | ||
| Q3 24 | $16.6B | $8.3B | ||
| Q2 24 | $15.4B | $8.2B |
负债/权益比PRSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.34× | 0.09× | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.42× | 0.09× | ||
| Q1 25 | 0.43× | 0.17× | ||
| Q4 24 | 0.46× | 0.16× | ||
| Q3 24 | 0.47× | 0.16× | ||
| Q2 24 | 0.46× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | — | $339.0M |
| 自由现金流率自由现金流/营收 | — | 32.7% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 2.66× | 4.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流PRSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $904.3M | $200.0M | ||
| Q3 25 | $766.5M | — | ||
| Q2 25 | $1.0B | $314.2M | ||
| Q1 25 | $898.0M | $409.4M | ||
| Q4 24 | $871.6M | $377.2M | ||
| Q3 24 | $954.4M | $476.1M | ||
| Q2 24 | $938.4M | $273.4M |
自由现金流PRSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | — | $338.2M | ||
| Q3 24 | — | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率PRSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度PRSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 2.7% |
现金转化率PRSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.66× | 1.41× | ||
| Q3 25 | 12.94× | — | ||
| Q2 25 | 5.01× | 2.99× | ||
| Q1 25 | 2.73× | 5.96× | ||
| Q4 24 | 4.02× | 2.33× | ||
| Q3 24 | 2.47× | 7.87× | ||
| Q2 24 | 3.99× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
