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Riot Platforms, Inc.（RIOT）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
Riot Platforms, Inc.的季度营收约是Ranger Energy Services, Inc.的1.1倍（$152.8M vs $142.2M），Ranger Energy Services, Inc.净利率更高（2.3% vs -452.0%，领先454.2%），Riot Platforms, Inc.同比增速更快（7.2% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $-774.3M），过去两年Riot Platforms, Inc.的营收复合增速更高（38.8% vs 1.9%）
Riot Platforms是美国领先的比特币挖矿企业，在北美地区运营多座大规模高能效的加密货币矿场，同时布局区块链相关基础设施业务，长期持有比特币作为核心储备资产，专注于数字资产生态相关业务的长期发展。
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。
RIOT vs RNGR — 直观对比
营收规模更大
RIOT
是对方的1.1倍
$142.2M
营收增速更快
RIOT
高出7.8%
-0.6%
净利率更高
RNGR
高出454.2%
-452.0%
自由现金流更多
RNGR
多$791.4M
$-774.3M
两年增速更快
RIOT
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $152.8M | $142.2M |
| 净利润 | $-690.7M | $3.2M |
| 毛利率 | — | — |
| 营业利润率 | -447.9% | 2.3% |
| 净利率 | -452.0% | 2.3% |
| 营收同比 | 7.2% | -0.6% |
| 净利润同比 | -606.3% | -44.8% |
| 每股收益（稀释后） | $-1.89 | $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RIOTRNGR
| Q4 25 | $152.8M | $142.2M | ||
| Q3 25 | $180.2M | $128.9M | ||
| Q2 25 | $153.0M | $140.6M | ||
| Q1 25 | $161.4M | $135.2M | ||
| Q4 24 | $142.6M | $143.1M | ||
| Q3 24 | $84.8M | $153.0M | ||
| Q2 24 | $70.0M | $138.1M | ||
| Q1 24 | $79.3M | $136.9M |
净利润RIOTRNGR
| Q4 25 | $-690.7M | $3.2M | ||
| Q3 25 | $104.5M | $1.2M | ||
| Q2 25 | $219.5M | $7.3M | ||
| Q1 25 | $-296.4M | $600.0K | ||
| Q4 24 | $136.4M | $5.8M | ||
| Q3 24 | $-154.4M | $8.7M | ||
| Q2 24 | $-84.4M | $4.7M | ||
| Q1 24 | $211.8M | $-800.0K |
营业利润率RIOTRNGR
| Q4 25 | -447.9% | 2.3% | ||
| Q3 25 | 44.4% | 2.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | -144.9% | 0.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | -143.3% | 8.4% | ||
| Q2 24 | -167.2% | 5.3% | ||
| Q1 24 | — | -0.4% |
净利率RIOTRNGR
| Q4 25 | -452.0% | 2.3% | ||
| Q3 25 | 58.0% | 0.9% | ||
| Q2 25 | 143.4% | 5.2% | ||
| Q1 25 | -183.6% | 0.4% | ||
| Q4 24 | 95.7% | 4.1% | ||
| Q3 24 | -182.1% | 5.7% | ||
| Q2 24 | -120.6% | 3.4% | ||
| Q1 24 | 267.1% | -0.6% |
每股收益（稀释后）RIOTRNGR
| Q4 25 | $-1.89 | $0.14 | ||
| Q3 25 | $0.26 | $0.05 | ||
| Q2 25 | $0.58 | $0.32 | ||
| Q1 25 | $-0.90 | $0.03 | ||
| Q4 24 | $0.39 | $0.24 | ||
| Q3 24 | $-0.54 | $0.39 | ||
| Q2 24 | $-0.32 | $0.21 | ||
| Q1 24 | $0.51 | $-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 | $233.5M | $10.3M |
| 总债务越低越好 | $840.8M | — |
| 股东权益账面价值 | $2.9B | $300.1M |
| 总资产 | $3.9B | $419.3M |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资RIOTRNGR
| Q4 25 | $233.5M | $10.3M | ||
| Q3 25 | $330.7M | $45.2M | ||
| Q2 25 | $255.4M | $48.9M | ||
| Q1 25 | $163.7M | $40.3M | ||
| Q4 24 | $277.9M | $40.9M | ||
| Q3 24 | $355.7M | $14.8M | ||
| Q2 24 | $481.2M | $8.7M | ||
| Q1 24 | $688.5M | $11.1M |
总债务RIOTRNGR
| Q4 25 | $840.8M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $584.6M | $0 | ||
| Q3 24 | $5.7M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益RIOTRNGR
| Q4 25 | $2.9B | $300.1M | ||
| Q3 25 | $3.5B | $270.0M | ||
| Q2 25 | $3.3B | $276.9M | ||
| Q1 25 | $2.9B | $272.6M | ||
| Q4 24 | $3.1B | $273.8M | ||
| Q3 24 | $2.7B | $267.6M | ||
| Q2 24 | $2.6B | $260.5M | ||
| Q1 24 | $2.5B | $261.7M |
总资产RIOTRNGR
| Q4 25 | $3.9B | $419.3M | ||
| Q3 25 | $4.5B | $372.8M | ||
| Q2 25 | $4.3B | $381.7M | ||
| Q1 25 | $3.7B | $376.5M | ||
| Q4 24 | $3.9B | $381.6M | ||
| Q3 24 | $2.9B | $373.9M | ||
| Q2 24 | $2.7B | $359.6M | ||
| Q1 24 | $2.6B | $355.5M |
负债/权益比RIOTRNGR
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.19× | 0.00× | ||
| Q3 24 | 0.00× | 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 | $-572.9M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $-774.3M | $17.1M |
| 自由现金流率自由现金流/营收 | -506.6% | 12.0% |
| 资本支出强度资本支出/营收 | 131.8% | 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 | $-1.4B | $42.9M |
8季度趋势，按日历期对齐
经营现金流RIOTRNGR
| Q4 25 | $-572.9M | $24.1M | ||
| Q3 25 | $-114.0M | $13.6M | ||
| Q2 25 | $-231.3M | $20.7M | ||
| Q1 25 | $-122.1M | $10.6M | ||
| Q4 24 | $-255.1M | $32.7M | ||
| Q3 24 | $-56.3M | $17.7M | ||
| Q2 24 | $-42.5M | $22.1M | ||
| Q1 24 | $-57.9M | $12.0M |
自由现金流RIOTRNGR
| Q4 25 | $-774.3M | $17.1M | ||
| Q3 25 | $-139.7M | $8.0M | ||
| Q2 25 | $-291.7M | $14.4M | ||
| Q1 25 | $-154.9M | $3.4M | ||
| Q4 24 | $-495.4M | $27.3M | ||
| Q3 24 | $-127.6M | $10.8M | ||
| Q2 24 | $-96.1M | $6.8M | ||
| Q1 24 | $-115.2M | $5.5M |
自由现金流率RIOTRNGR
| Q4 25 | -506.6% | 12.0% | ||
| Q3 25 | -77.5% | 6.2% | ||
| Q2 25 | -190.7% | 10.2% | ||
| Q1 25 | -96.0% | 2.5% | ||
| Q4 24 | -347.5% | 19.1% | ||
| Q3 24 | -150.5% | 7.1% | ||
| Q2 24 | -137.2% | 4.9% | ||
| Q1 24 | -145.2% | 4.0% |
资本支出强度RIOTRNGR
| Q4 25 | 131.8% | 4.9% | ||
| Q3 25 | 14.3% | 4.3% | ||
| Q2 25 | 39.5% | 4.5% | ||
| Q1 25 | 20.4% | 5.3% | ||
| Q4 24 | 168.6% | 3.8% | ||
| Q3 24 | 84.1% | 4.5% | ||
| Q2 24 | 76.5% | 11.1% | ||
| Q1 24 | 72.3% | 4.7% |
现金转化率RIOTRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | -1.09× | 11.33× | ||
| Q2 25 | -1.05× | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | -1.87× | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | -0.27× | — |
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
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
