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先锋自然资源公司（PR）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.3倍（$1.2B vs $871.9M），先锋自然资源公司净利率更高（29.0% vs 2.2%，领先26.9%），Worthington Steel, Inc.同比增速更快（18.0% vs -9.8%），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
PR vs WS — 直观对比
营收规模更大
PR
是对方的1.3倍
$871.9M
营收增速更快
WS
高出27.8%
-9.8%
净利率更高
PR
高出26.9%
2.2%
两年增速更快
WS
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $871.9M |
| 净利润 | $339.5M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | 23.1% | 2.5% |
| 净利率 | 29.0% | 2.2% |
| 营收同比 | -9.8% | 18.0% |
| 净利润同比 | 56.7% | 46.9% |
| 每股收益（稀释后） | $0.48 | $0.37 |
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PRWS
| Q4 25 | $1.2B | $871.9M | ||
| Q3 25 | $1.3B | $872.9M | ||
| Q2 25 | $1.2B | $832.9M | ||
| Q1 25 | $1.4B | $687.4M | ||
| Q4 24 | $1.3B | $739.0M | ||
| Q3 24 | $1.2B | $834.0M | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | $805.8M |
净利润PRWS
| Q4 25 | $339.5M | $18.8M | ||
| Q3 25 | $59.2M | $36.8M | ||
| Q2 25 | $207.1M | $55.7M | ||
| Q1 25 | $329.3M | $13.8M | ||
| Q4 24 | $216.7M | $12.8M | ||
| Q3 24 | $386.4M | $28.4M | ||
| Q2 24 | $235.1M | — | ||
| Q1 24 | $146.6M | $49.0M |
毛利率PRWS
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 14.9% |
营业利润率PRWS
| Q4 25 | 23.1% | 2.5% | ||
| Q3 25 | 29.6% | 5.5% | ||
| Q2 25 | 24.8% | 8.0% | ||
| Q1 25 | 36.6% | 2.7% | ||
| Q4 24 | 32.8% | 2.6% | ||
| Q3 24 | 32.5% | 5.2% | ||
| Q2 24 | 36.5% | — | ||
| Q1 24 | 37.7% | 8.2% |
净利率PRWS
| Q4 25 | 29.0% | 2.2% | ||
| Q3 25 | 4.5% | 4.2% | ||
| Q2 25 | 17.3% | 6.7% | ||
| Q1 25 | 23.9% | 2.0% | ||
| Q4 24 | 16.7% | 1.7% | ||
| Q3 24 | 31.8% | 3.4% | ||
| Q2 24 | 18.9% | — | ||
| Q1 24 | 11.8% | 6.1% |
每股收益（稀释后）PRWS
| Q4 25 | $0.48 | $0.37 | ||
| Q3 25 | $0.08 | $0.72 | ||
| Q2 25 | $0.28 | $1.11 | ||
| Q1 25 | $0.44 | $0.27 | ||
| Q4 24 | $0.31 | $0.25 | ||
| Q3 24 | $0.53 | $0.56 | ||
| Q2 24 | $0.36 | — | ||
| Q1 24 | $0.25 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | $3.5B | $72.1M |
| 股东权益账面价值 | $10.3B | $1.1B |
| 总资产 | $17.9B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.34× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PRWS
| Q4 25 | $153.7M | $89.8M | ||
| Q3 25 | $111.8M | $78.3M | ||
| Q2 25 | $451.0M | $38.0M | ||
| Q1 25 | $702.2M | $63.3M | ||
| Q4 24 | $479.3M | $52.0M | ||
| Q3 24 | $272.0M | $36.0M | ||
| Q2 24 | $47.8M | — | ||
| Q1 24 | $12.7M | $60.8M |
总债务PRWS
| Q4 25 | $3.5B | $72.1M | ||
| Q3 25 | $3.5B | $73.4M | ||
| Q2 25 | $4.0B | $151.5M | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.2B | $115.0M | ||
| Q3 24 | $4.2B | $122.2M | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | $147.2M |
股东权益PRWS
| Q4 25 | $10.3B | $1.1B | ||
| Q3 25 | $10.0B | $1.1B | ||
| Q2 25 | $9.5B | $1.1B | ||
| Q1 25 | $9.4B | $1.0B | ||
| Q4 24 | $9.1B | $1.0B | ||
| Q3 24 | $9.0B | $1.0B | ||
| Q2 24 | $8.3B | — | ||
| Q1 24 | $7.0B | $937.6M |
总资产PRWS
| Q4 25 | $17.9B | $2.1B | ||
| Q3 25 | $17.3B | $2.2B | ||
| Q2 25 | $17.5B | $2.0B | ||
| Q1 25 | $17.1B | $1.8B | ||
| Q4 24 | $16.9B | $1.7B | ||
| Q3 24 | $16.6B | $1.8B | ||
| Q2 24 | $15.4B | — | ||
| Q1 24 | $15.1B | $1.8B |
负债/权益比PRWS
| Q4 25 | 0.34× | 0.06× | ||
| Q3 25 | 0.35× | 0.07× | ||
| Q2 25 | 0.42× | 0.14× | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.46× | 0.11× | ||
| Q3 24 | 0.47× | 0.12× | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.56× | 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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | — | $74.6M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 2.66× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流PRWS
| Q4 25 | $904.3M | $99.3M | ||
| Q3 25 | $766.5M | $-6.3M | ||
| Q2 25 | $1.0B | $53.9M | ||
| Q1 25 | $898.0M | $53.8M | ||
| Q4 24 | $871.6M | $68.0M | ||
| Q3 24 | $954.4M | $54.6M | ||
| Q2 24 | $938.4M | — | ||
| Q1 24 | $647.6M | $44.7M |
自由现金流PRWS
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $22.3M |
自由现金流率PRWS
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
资本支出强度PRWS
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
现金转化率PRWS
| Q4 25 | 2.66× | 5.28× | ||
| Q3 25 | 12.94× | -0.17× | ||
| Q2 25 | 5.01× | 0.97× | ||
| Q1 25 | 2.73× | 3.90× | ||
| Q4 24 | 4.02× | 5.31× | ||
| Q3 24 | 2.47× | 1.92× | ||
| Q2 24 | 3.99× | — | ||
| Q1 24 | 4.42× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
