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先锋自然资源公司（PR）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.4倍（$1.2B vs $814.9M），先锋自然资源公司净利率更高（29.0% vs 28.7%，领先0.4%），Ubiquiti Inc.同比增速更快（35.8% vs -9.8%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
PR vs UI — 直观对比
营收规模更大
PR
是对方的1.4倍
$814.9M
营收增速更快
UI
高出45.6%
-9.8%
净利率更高
PR
高出0.4%
28.7%
两年增速更快
UI
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $814.9M |
| 净利润 | $339.5M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 23.1% | 35.9% |
| 净利率 | 29.0% | 28.7% |
| 营收同比 | -9.8% | 35.8% |
| 净利润同比 | 56.7% | 70.8% |
| 每股收益（稀释后） | $0.48 | $3.86 |
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PRUI
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | $1.3B | $733.8M | ||
| Q2 25 | $1.2B | $759.2M | ||
| Q1 25 | $1.4B | $664.2M | ||
| Q4 24 | $1.3B | $599.9M | ||
| Q3 24 | $1.2B | $550.3M | ||
| Q2 24 | $1.2B | $507.5M | ||
| Q1 24 | $1.2B | $493.0M |
净利润PRUI
| Q4 25 | $339.5M | $233.6M | ||
| Q3 25 | $59.2M | $207.9M | ||
| Q2 25 | $207.1M | $266.7M | ||
| Q1 25 | $329.3M | $180.4M | ||
| Q4 24 | $216.7M | $136.8M | ||
| Q3 24 | $386.4M | $128.0M | ||
| Q2 24 | $235.1M | $103.8M | ||
| Q1 24 | $146.6M | $76.3M |
毛利率PRUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率PRUI
| Q4 25 | 23.1% | 35.9% | ||
| Q3 25 | 29.6% | 35.7% | ||
| Q2 25 | 24.8% | 34.4% | ||
| Q1 25 | 36.6% | 34.2% | ||
| Q4 24 | 32.8% | 29.8% | ||
| Q3 24 | 32.5% | 30.7% | ||
| Q2 24 | 36.5% | 27.3% | ||
| Q1 24 | 37.7% | 22.6% |
净利率PRUI
| Q4 25 | 29.0% | 28.7% | ||
| Q3 25 | 4.5% | 28.3% | ||
| Q2 25 | 17.3% | 35.1% | ||
| Q1 25 | 23.9% | 27.2% | ||
| Q4 24 | 16.7% | 22.8% | ||
| Q3 24 | 31.8% | 23.3% | ||
| Q2 24 | 18.9% | 20.5% | ||
| Q1 24 | 11.8% | 15.5% |
每股收益（稀释后）PRUI
| Q4 25 | $0.48 | $3.86 | ||
| Q3 25 | $0.08 | $3.43 | ||
| Q2 25 | $0.28 | $4.40 | ||
| Q1 25 | $0.44 | $2.98 | ||
| Q4 24 | $0.31 | $2.26 | ||
| Q3 24 | $0.53 | $2.12 | ||
| Q2 24 | $0.36 | $1.72 | ||
| Q1 24 | $0.25 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $3.5B | $47.5M |
| 股东权益账面价值 | $10.3B | $1.0B |
| 总资产 | $17.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资PRUI
| Q4 25 | $153.7M | $302.8M | ||
| Q3 25 | $111.8M | $177.2M | ||
| Q2 25 | $451.0M | $149.7M | ||
| Q1 25 | $702.2M | $151.0M | ||
| Q4 24 | $479.3M | $133.1M | ||
| Q3 24 | $272.0M | $165.2M | ||
| Q2 24 | $47.8M | $126.3M | ||
| Q1 24 | $12.7M | $102.5M |
总债务PRUI
| Q4 25 | $3.5B | $47.5M | ||
| Q3 25 | $3.5B | $133.8M | ||
| Q2 25 | $4.0B | $250.0M | ||
| Q1 25 | $4.0B | $340.0M | ||
| Q4 24 | $4.2B | $406.3M | ||
| Q3 24 | $4.2B | $552.5M | ||
| Q2 24 | $3.9B | $708.1M | ||
| Q1 24 | $3.9B | $877.5M |
股东权益PRUI
| Q4 25 | $10.3B | $1.0B | ||
| Q3 25 | $10.0B | $828.4M | ||
| Q2 25 | $9.5B | $668.3M | ||
| Q1 25 | $9.4B | $436.1M | ||
| Q4 24 | $9.1B | $290.4M | ||
| Q3 24 | $9.0B | $188.1M | ||
| Q2 24 | $8.3B | $95.1M | ||
| Q1 24 | $7.0B | $25.9M |
总资产PRUI
| Q4 25 | $17.9B | $1.6B | ||
| Q3 25 | $17.3B | $1.5B | ||
| Q2 25 | $17.5B | $1.5B | ||
| Q1 25 | $17.1B | $1.3B | ||
| Q4 24 | $16.9B | $1.2B | ||
| Q3 24 | $16.6B | $1.2B | ||
| Q2 24 | $15.4B | $1.2B | ||
| Q1 24 | $15.1B | $1.2B |
负债/权益比PRUI
| Q4 25 | 0.34× | 0.05× | ||
| Q3 25 | 0.35× | 0.16× | ||
| Q2 25 | 0.42× | 0.37× | ||
| Q1 25 | 0.43× | 0.78× | ||
| Q4 24 | 0.46× | 1.40× | ||
| Q3 24 | 0.47× | 2.94× | ||
| Q2 24 | 0.46× | 7.45× | ||
| Q1 24 | 0.56× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 2.66× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流PRUI
| Q4 25 | $904.3M | $263.9M | ||
| Q3 25 | $766.5M | $198.5M | ||
| Q2 25 | $1.0B | $130.4M | ||
| Q1 25 | $898.0M | $123.6M | ||
| Q4 24 | $871.6M | $152.4M | ||
| Q3 24 | $954.4M | $233.7M | ||
| Q2 24 | $938.4M | $231.4M | ||
| Q1 24 | $647.6M | $163.9M |
自由现金流PRUI
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M | ||
| Q1 24 | — | $160.6M |
自由现金流率PRUI
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | — | 32.6% |
资本支出强度PRUI
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.7% |
现金转化率PRUI
| Q4 25 | 2.66× | 1.13× | ||
| Q3 25 | 12.94× | 0.95× | ||
| Q2 25 | 5.01× | 0.49× | ||
| Q1 25 | 2.73× | 0.68× | ||
| Q4 24 | 4.02× | 1.11× | ||
| Q3 24 | 2.47× | 1.83× | ||
| Q2 24 | 3.99× | 2.23× | ||
| Q1 24 | 4.42× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
