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先锋自然资源公司（PR）与微博公司（WB）财务数据对比。点击上方公司名可切换其他公司
微博公司的季度营收约是先锋自然资源公司的1.1倍（$1.3B vs $1.2B），微博公司净利率更高（35.7% vs 29.0%，领先6.7%），过去两年微博公司的营收复合增速更高（22.6% 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。
微博公司是中国知名的社交网络企业，旗下运营的新浪微博是国内极具影响力的微博客平台，公司总部位于中国北京，为数以亿计的用户提供社交互动、资讯传播、内容创作等多元互联网服务。
PR vs WB — 直观对比
营收规模更大
WB
是对方的1.1倍
$1.2B
净利率更高
WB
高出6.7%
29.0%
两年增速更快
WB
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $339.5M | $458.3M |
| 毛利率 | — | — |
| 营业利润率 | 23.1% | 29.1% |
| 净利率 | 29.0% | 35.7% |
| 营收同比 | -9.8% | — |
| 净利润同比 | 56.7% | — |
| 每股收益（稀释后） | $0.48 | — |
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PRWB
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $841.7M | ||
| Q1 25 | $1.4B | $396.9M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $833.4M | ||
| Q1 24 | $1.2B | $395.5M |
净利润PRWB
| Q4 25 | $339.5M | — | ||
| Q3 25 | $59.2M | $458.3M | ||
| Q2 25 | $207.1M | $234.8M | ||
| Q1 25 | $329.3M | $108.1M | ||
| Q4 24 | $216.7M | — | ||
| Q3 24 | $386.4M | $297.4M | ||
| Q2 24 | $235.1M | $164.6M | ||
| Q1 24 | $146.6M | $51.1M |
营业利润率PRWB
| Q4 25 | 23.1% | — | ||
| Q3 25 | 29.6% | 29.1% | ||
| Q2 25 | 24.8% | 30.4% | ||
| Q1 25 | 36.6% | 27.8% | ||
| Q4 24 | 32.8% | — | ||
| Q3 24 | 32.5% | 29.0% | ||
| Q2 24 | 36.5% | 28.2% | ||
| Q1 24 | 37.7% | 25.2% |
净利率PRWB
| Q4 25 | 29.0% | — | ||
| Q3 25 | 4.5% | 35.7% | ||
| Q2 25 | 17.3% | 27.9% | ||
| Q1 25 | 23.9% | 27.2% | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 31.8% | 22.9% | ||
| Q2 24 | 18.9% | 19.8% | ||
| Q1 24 | 11.8% | 12.9% |
每股收益（稀释后）PRWB
| Q4 25 | $0.48 | — | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.44 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.36 | — | ||
| Q1 24 | $0.25 | — |
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 | $1.1B |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $10.3B | $3.9B |
| 总资产 | $17.9B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资PRWB
| Q4 25 | $153.7M | — | ||
| Q3 25 | $111.8M | $1.1B | ||
| Q2 25 | $451.0M | $1.2B | ||
| Q1 25 | $702.2M | $1.2B | ||
| Q4 24 | $479.3M | — | ||
| Q3 24 | $272.0M | — | ||
| Q2 24 | $47.8M | $1.9B | ||
| Q1 24 | $12.7M | $2.1B |
总债务PRWB
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | — |
股东权益PRWB
| Q4 25 | $10.3B | — | ||
| Q3 25 | $10.0B | $3.9B | ||
| Q2 25 | $9.5B | $3.6B | ||
| Q1 25 | $9.4B | $3.5B | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $9.0B | — | ||
| Q2 24 | $8.3B | $3.4B | ||
| Q1 24 | $7.0B | $3.3B |
总资产PRWB
| Q4 25 | $17.9B | — | ||
| Q3 25 | $17.3B | $6.9B | ||
| Q2 25 | $17.5B | $6.5B | ||
| Q1 25 | $17.1B | $6.7B | ||
| Q4 24 | $16.9B | — | ||
| Q3 24 | $16.6B | — | ||
| Q2 24 | $15.4B | $7.1B | ||
| Q1 24 | $15.1B | $7.3B |
负债/权益比PRWB
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.56× | — |
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PRWB
| Q4 25 | $904.3M | — | ||
| Q3 25 | $766.5M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $898.0M | — | ||
| Q4 24 | $871.6M | — | ||
| Q3 24 | $954.4M | — | ||
| Q2 24 | $938.4M | — | ||
| Q1 24 | $647.6M | — |
现金转化率PRWB
| Q4 25 | 2.66× | — | ||
| Q3 25 | 12.94× | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 4.02× | — | ||
| 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% |
WB
| Income from operations | $373.2M | 29% |
| Shares used in computing diluted net income per share attributable to Weibos shareholders | $268.1M | 21% |
| Shares used in computing basic net income per share attributable to Weibos shareholders | $238.6M | 19% |
| Value-added services | $186.1M | 14% |
| Less: Income tax expenses | $113.2M | 9% |
| Investment related income, net | $45.0M | 4% |
| Product development | $16.7M | 1% |
| General and administrative | $10.6M | 1% |
| Sales and marketing | $7.1M | 1% |
| Accretion to redeemable non-controlling interests | $3.0M | 0% |
