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TheRealReal, Inc.（REAL）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
TheRealReal, Inc.的季度营收约是Ranger Energy Services, Inc.的1.4倍（$194.1M vs $142.2M），TheRealReal, Inc.同比增速更快（18.3% vs -0.6%），TheRealReal, Inc.自由现金流更多（$45.8M vs $17.1M），过去两年TheRealReal, Inc.的营收复合增速更高（16.2% vs 1.9%）
TheRealReal是专业的奢侈品线上交易平台，所有在售商品均经过专业人员鉴定，可满足用户买卖二手奢侈品的需求。截至2023年9月30日，平台会员规模已超3800万，累计售出商品近4000万件。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
REAL vs RNGR — 直观对比
营收规模更大
REAL
是对方的1.4倍
$142.2M
营收增速更快
REAL
高出19.0%
-0.6%
自由现金流更多
REAL
多$28.7M
$17.1M
两年增速更快
REAL
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $194.1M | $142.2M |
| 净利润 | — | $3.2M |
| 毛利率 | 74.8% | — |
| 营业利润率 | 3.2% | 2.3% |
| 净利率 | — | 2.3% |
| 营收同比 | 18.3% | -0.6% |
| 净利润同比 | — | -44.8% |
| 每股收益（稀释后） | $0.06 | $0.14 |
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REALRNGR
| Q4 25 | $194.1M | $142.2M | ||
| Q3 25 | $173.6M | $128.9M | ||
| Q2 25 | $165.2M | $140.6M | ||
| Q1 25 | $160.0M | $135.2M | ||
| Q4 24 | $164.0M | $143.1M | ||
| Q3 24 | $147.8M | $153.0M | ||
| Q2 24 | $144.9M | $138.1M | ||
| Q1 24 | $143.8M | $136.9M |
净利润REALRNGR
| Q4 25 | — | $3.2M | ||
| Q3 25 | $-54.1M | $1.2M | ||
| Q2 25 | $-11.4M | $7.3M | ||
| Q1 25 | $62.4M | $600.0K | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-17.9M | $8.7M | ||
| Q2 24 | $-16.7M | $4.7M | ||
| Q1 24 | $-31.1M | $-800.0K |
毛利率REALRNGR
| Q4 25 | 74.8% | — | ||
| Q3 25 | 74.3% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 75.0% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 74.9% | — | ||
| Q2 24 | 74.1% | — | ||
| Q1 24 | 74.6% | — |
营业利润率REALRNGR
| Q4 25 | 3.2% | 2.3% | ||
| Q3 25 | -4.3% | 2.0% | ||
| Q2 25 | -6.0% | 6.1% | ||
| Q1 25 | -8.0% | 0.7% | ||
| Q4 24 | -3.1% | 6.2% | ||
| Q3 24 | -9.9% | 8.4% | ||
| Q2 24 | -13.0% | 5.3% | ||
| Q1 24 | -12.5% | -0.4% |
净利率REALRNGR
| Q4 25 | — | 2.3% | ||
| Q3 25 | -31.1% | 0.9% | ||
| Q2 25 | -6.9% | 5.2% | ||
| Q1 25 | 39.0% | 0.4% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | -12.1% | 5.7% | ||
| Q2 24 | -11.5% | 3.4% | ||
| Q1 24 | -21.6% | -0.6% |
每股收益（稀释后）REALRNGR
| Q4 25 | $0.06 | $0.14 | ||
| Q3 25 | $-0.49 | $0.05 | ||
| Q2 25 | $-0.13 | $0.32 | ||
| Q1 25 | $-0.14 | $0.03 | ||
| Q4 24 | $-0.57 | $0.24 | ||
| Q3 24 | $-0.17 | $0.39 | ||
| Q2 24 | $-0.20 | $0.21 | ||
| Q1 24 | $-0.30 | $-0.03 |
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 | $151.2M | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-415.5M | $300.1M |
| 总资产 | $409.0M | $419.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资REALRNGR
| Q4 25 | $151.2M | $10.3M | ||
| Q3 25 | $108.4M | $45.2M | ||
| Q2 25 | $94.3M | $48.9M | ||
| Q1 25 | $139.6M | $40.3M | ||
| Q4 24 | $172.2M | $40.9M | ||
| Q3 24 | $153.2M | $14.8M | ||
| Q2 24 | $150.7M | $8.7M | ||
| Q1 24 | $166.0M | $11.1M |
总债务REALRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益REALRNGR
| Q4 25 | $-415.5M | $300.1M | ||
| Q3 25 | $-385.1M | $270.0M | ||
| Q2 25 | $-338.2M | $276.9M | ||
| Q1 25 | $-336.1M | $272.6M | ||
| Q4 24 | $-407.4M | $273.8M | ||
| Q3 24 | $-345.4M | $267.6M | ||
| Q2 24 | $-335.3M | $260.5M | ||
| Q1 24 | $-327.1M | $261.7M |
总资产REALRNGR
| Q4 25 | $409.0M | $419.3M | ||
| Q3 25 | $366.2M | $372.8M | ||
| Q2 25 | $349.4M | $381.7M | ||
| Q1 25 | $400.4M | $376.5M | ||
| Q4 24 | $423.1M | $381.6M | ||
| Q3 24 | $406.3M | $373.9M | ||
| Q2 24 | $407.4M | $359.6M | ||
| Q1 24 | $431.6M | $355.5M |
负债/权益比REALRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $49.5M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $45.8M | $17.1M |
| 自由现金流率自由现金流/营收 | 23.6% | 12.0% |
| 资本支出强度资本支出/营收 | 1.9% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $18.4M | $42.9M |
8季度趋势，按日历期对齐
经营现金流REALRNGR
| Q4 25 | $49.5M | $24.1M | ||
| Q3 25 | $19.3M | $13.6M | ||
| Q2 25 | $-3.6M | $20.7M | ||
| Q1 25 | $-28.3M | $10.6M | ||
| Q4 24 | $28.0M | $32.7M | ||
| Q3 24 | $9.1M | $17.7M | ||
| Q2 24 | $-6.8M | $22.1M | ||
| Q1 24 | $-3.5M | $12.0M |
自由现金流REALRNGR
| Q4 25 | $45.8M | $17.1M | ||
| Q3 25 | $16.9M | $8.0M | ||
| Q2 25 | $-11.4M | $14.4M | ||
| Q1 25 | $-33.0M | $3.4M | ||
| Q4 24 | $22.9M | $27.3M | ||
| Q3 24 | $5.0M | $10.8M | ||
| Q2 24 | $-9.8M | $6.8M | ||
| Q1 24 | $-5.6M | $5.5M |
自由现金流率REALRNGR
| Q4 25 | 23.6% | 12.0% | ||
| Q3 25 | 9.7% | 6.2% | ||
| Q2 25 | -6.9% | 10.2% | ||
| Q1 25 | -20.6% | 2.5% | ||
| Q4 24 | 14.0% | 19.1% | ||
| Q3 24 | 3.4% | 7.1% | ||
| Q2 24 | -6.7% | 4.9% | ||
| Q1 24 | -3.9% | 4.0% |
资本支出强度REALRNGR
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 1.4% | 4.3% | ||
| Q2 25 | 4.7% | 4.5% | ||
| Q1 25 | 2.9% | 5.3% | ||
| Q4 24 | 3.1% | 3.8% | ||
| Q3 24 | 2.7% | 4.5% | ||
| Q2 24 | 2.1% | 11.1% | ||
| Q1 24 | 1.5% | 4.7% |
现金转化率REALRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | -0.45× | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | — | — |
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
REAL
| Services | $149.0M | 77% |
| Products | $27.2M | 14% |
| Shipping And Handling | $17.8M | 9% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
