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Summit Midstream Corp（SMC）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
Summit Midstream Corp的季度营收约是null的1.4倍（$142.3M vs $100.0M），Summit Midstream Corp净利率更高（-5.1% vs -7.0%，领先1.9%），Summit Midstream Corp自由现金流更多（$34.5M vs $14.1M）
Summit Midstream Corp是一家北美中游能源企业，为上游油气生产商提供天然气与原油收集管道、压缩设施及采出水处理等基础设施服务，运营资产主要分布于美国多个核心陆上油气资源盆地。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
SMC vs SWIM — 直观对比
营收规模更大
SMC
是对方的1.4倍
$100.0M
净利率更高
SMC
高出1.9%
-7.0%
自由现金流更多
SMC
多$20.5M
$14.1M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.3M | $100.0M |
| 净利润 | $-7.3M | $-7.0M |
| 毛利率 | 72.1% | 28.0% |
| 营业利润率 | -5.5% | -10.7% |
| 净利率 | -5.1% | -7.0% |
| 营收同比 | — | 14.5% |
| 净利润同比 | — | 76.0% |
| 每股收益（稀释后） | $-0.66 | $-0.06 |
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SMCSWIM
| Q4 25 | $142.3M | $100.0M | ||
| Q3 25 | $146.9M | $161.9M | ||
| Q2 25 | $140.2M | $172.6M | ||
| Q1 25 | $132.7M | $111.4M | ||
| Q4 24 | — | $87.3M | ||
| Q3 24 | $102.4M | $150.5M | ||
| Q2 24 | — | $160.1M | ||
| Q1 24 | — | $110.6M |
净利润SMCSWIM
| Q4 25 | $-7.3M | $-7.0M | ||
| Q3 25 | $-1.6M | $8.1M | ||
| Q2 25 | $-8.0M | $16.0M | ||
| Q1 25 | $2.0M | $-6.0M | ||
| Q4 24 | — | $-29.2M | ||
| Q3 24 | $-204.9M | $5.9M | ||
| Q2 24 | — | $13.3M | ||
| Q1 24 | — | $-7.9M |
毛利率SMCSWIM
| Q4 25 | 72.1% | 28.0% | ||
| Q3 25 | 74.0% | 35.4% | ||
| Q2 25 | 74.4% | 37.1% | ||
| Q1 25 | 73.3% | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 72.4% | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率SMCSWIM
| Q4 25 | -5.5% | -10.7% | ||
| Q3 25 | 3.8% | 13.3% | ||
| Q2 25 | -3.6% | 14.3% | ||
| Q1 25 | 3.7% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | -53.7% | 8.9% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | -1.9% |
净利率SMCSWIM
| Q4 25 | -5.1% | -7.0% | ||
| Q3 25 | -1.1% | 5.0% | ||
| Q2 25 | -5.7% | 9.3% | ||
| Q1 25 | 1.5% | -5.4% | ||
| Q4 24 | — | -33.4% | ||
| Q3 24 | -200.1% | 3.9% | ||
| Q2 24 | — | 8.3% | ||
| Q1 24 | — | -7.1% |
每股收益（稀释后）SMCSWIM
| Q4 25 | $-0.66 | $-0.06 | ||
| Q3 25 | $-0.13 | $0.07 | ||
| Q2 25 | $-0.66 | $0.13 | ||
| Q1 25 | $-0.16 | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $-19.25 | $0.05 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-0.07 |
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 | $9.3M | — |
| 总债务越低越好 | $1.0B | $279.8M |
| 股东权益账面价值 | $546.2M | $405.9M |
| 总资产 | $2.4B | $823.2M |
| 负债/权益比越低杠杆越低 | 1.91× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资SMCSWIM
| Q4 25 | $9.3M | — | ||
| Q3 25 | $24.6M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $26.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $17.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务SMCSWIM
| Q4 25 | $1.0B | $279.8M | ||
| Q3 25 | $1.1B | $281.1M | ||
| Q2 25 | $1.1B | $281.5M | ||
| Q1 25 | $1.1B | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | $957.0M | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益SMCSWIM
| Q4 25 | $546.2M | $405.9M | ||
| Q3 25 | $551.9M | $408.4M | ||
| Q2 25 | $552.0M | $398.4M | ||
| Q1 25 | $558.1M | $381.1M | ||
| Q4 24 | — | $387.2M | ||
| Q3 24 | $651.5M | $416.6M | ||
| Q2 24 | — | $408.1M | ||
| Q1 24 | — | $391.8M |
总资产SMCSWIM
| Q4 25 | $2.4B | $823.2M | ||
| Q3 25 | $2.4B | $844.4M | ||
| Q2 25 | $2.4B | $822.1M | ||
| Q1 25 | $2.4B | $824.6M | ||
| Q4 24 | — | $794.2M | ||
| Q3 24 | $2.0B | $853.4M | ||
| Q2 24 | — | $830.0M | ||
| Q1 24 | — | $808.6M |
负债/权益比SMCSWIM
| Q4 25 | 1.91× | 0.69× | ||
| Q3 25 | 1.96× | 0.69× | ||
| Q2 25 | 1.95× | 0.71× | ||
| Q1 25 | 1.94× | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | 1.47× | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $53.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $14.1M |
| 自由现金流率自由现金流/营收 | 24.3% | 14.1% |
| 资本支出强度资本支出/营收 | 13.4% | 9.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $44.6M | $38.0M |
8季度趋势，按日历期对齐
经营现金流SMCSWIM
| Q4 25 | $53.7M | $23.3M | ||
| Q3 25 | $26.7M | $51.0M | ||
| Q2 25 | $37.2M | $36.0M | ||
| Q1 25 | $16.0M | $-46.9M | ||
| Q4 24 | — | $6.2M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $52.4M | ||
| Q1 24 | — | $-34.5M |
自由现金流SMCSWIM
| Q4 25 | $34.5M | $14.1M | ||
| Q3 25 | $3.8M | $45.2M | ||
| Q2 25 | $10.8M | $29.1M | ||
| Q1 25 | $-4.6M | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
自由现金流率SMCSWIM
| Q4 25 | 24.3% | 14.1% | ||
| Q3 25 | 2.6% | 27.9% | ||
| Q2 25 | 7.7% | 16.8% | ||
| Q1 25 | -3.4% | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
资本支出强度SMCSWIM
| Q4 25 | 13.4% | 9.2% | ||
| Q3 25 | 15.6% | 3.6% | ||
| Q2 25 | 18.8% | 4.0% | ||
| Q1 25 | 15.5% | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
现金转化率SMCSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | 7.89× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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
SMC
| Rockies Segment | $86.2M | 61% |
| Mid Con Barnett Shale Segment | $39.4M | 28% |
| Piceance Basin Segment | $15.8M | 11% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
