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null（SWIM）与Texas Pacific Land Corporation（TPL）财务数据对比。点击上方公司名可切换其他公司
Texas Pacific Land Corporation的季度营收约是null的1.8倍（$211.6M vs $117.3M），Texas Pacific Land Corporation净利率更高（58.3% vs -7.3%，领先65.6%），Texas Pacific Land Corporation同比增速更快（13.9% vs 5.3%），过去两年Texas Pacific Land Corporation的营收复合增速更高（10.2% vs -14.4%）
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。
Texas Pacific Land Corporation（简称TPL）是一家公开上市的不动产运营企业，行政总部位于美国得克萨斯州达拉斯市。公司在得州西部20个郡拥有逾88万英亩（约3600平方公里）土地，是得州规模最大的私人土地所有者之一，前身为得克萨斯太平洋土地信托。
SWIM vs TPL — 直观对比
营收规模更大
TPL
是对方的1.8倍
$117.3M
营收增速更快
TPL
高出8.6%
5.3%
净利率更高
TPL
高出65.6%
-7.3%
两年增速更快
TPL
近两年复合增速
-14.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $117.3M | $211.6M |
| 净利润 | $-8.5M | $123.3M |
| 毛利率 | 31.7% | — |
| 营业利润率 | — | 70.5% |
| 净利率 | -7.3% | 58.3% |
| 营收同比 | 5.3% | 13.9% |
| 净利润同比 | -43.1% | 4.2% |
| 每股收益（稀释后） | $-0.07 | $-8.59 |
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SWIMTPL
| Q1 26 | $117.3M | — | ||
| Q4 25 | $100.0M | $211.6M | ||
| Q3 25 | $161.9M | $203.1M | ||
| Q2 25 | $172.6M | $187.5M | ||
| Q1 25 | $111.4M | $196.0M | ||
| Q4 24 | $87.3M | $185.8M | ||
| Q3 24 | $150.5M | $173.6M | ||
| Q2 24 | $160.1M | $172.3M |
净利润SWIMTPL
| Q1 26 | $-8.5M | — | ||
| Q4 25 | $-7.0M | $123.3M | ||
| Q3 25 | $8.1M | $121.2M | ||
| Q2 25 | $16.0M | $116.1M | ||
| Q1 25 | $-6.0M | $120.7M | ||
| Q4 24 | $-29.2M | $118.4M | ||
| Q3 24 | $5.9M | $106.6M | ||
| Q2 24 | $13.3M | $114.6M |
毛利率SWIMTPL
| Q1 26 | 31.7% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — |
营业利润率SWIMTPL
| Q1 26 | — | — | ||
| Q4 25 | -10.7% | 70.5% | ||
| Q3 25 | 13.3% | 73.4% | ||
| Q2 25 | 14.3% | 76.6% | ||
| Q1 25 | -4.4% | 76.6% | ||
| Q4 24 | -14.9% | 76.7% | ||
| Q3 24 | 8.9% | 73.4% | ||
| Q2 24 | 12.5% | 77.3% |
净利率SWIMTPL
| Q1 26 | -7.3% | — | ||
| Q4 25 | -7.0% | 58.3% | ||
| Q3 25 | 5.0% | 59.7% | ||
| Q2 25 | 9.3% | 61.9% | ||
| Q1 25 | -5.4% | 61.6% | ||
| Q4 24 | -33.4% | 63.7% | ||
| Q3 24 | 3.9% | 61.4% | ||
| Q2 24 | 8.3% | 66.5% |
每股收益（稀释后）SWIMTPL
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.06 | $-8.59 | ||
| Q3 25 | $0.07 | $5.27 | ||
| Q2 25 | $0.13 | $5.05 | ||
| Q1 25 | $-0.05 | $5.24 | ||
| Q4 24 | $-0.24 | $5.14 | ||
| Q3 24 | $0.05 | $4.63 | ||
| Q2 24 | $0.11 | $4.98 |
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 | — | $144.8M |
| 总债务越低越好 | $3.3M | — |
| 股东权益账面价值 | $396.7M | $1.5B |
| 总资产 | $856.4M | $1.6B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资SWIMTPL
| Q1 26 | — | — | ||
| Q4 25 | — | $144.8M | ||
| Q3 25 | — | $531.8M | ||
| Q2 25 | — | $543.9M | ||
| Q1 25 | — | $460.4M | ||
| Q4 24 | — | $369.8M | ||
| Q3 24 | — | $533.9M | ||
| Q2 24 | — | $894.7M |
总债务SWIMTPL
| Q1 26 | $3.3M | — | ||
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — |
股东权益SWIMTPL
| Q1 26 | $396.7M | — | ||
| Q4 25 | $405.9M | $1.5B | ||
| Q3 25 | $408.4M | $1.4B | ||
| Q2 25 | $398.4M | $1.3B | ||
| Q1 25 | $381.1M | $1.2B | ||
| Q4 24 | $387.2M | $1.1B | ||
| Q3 24 | $416.6M | $1.1B | ||
| Q2 24 | $408.1M | $1.2B |
总资产SWIMTPL
| Q1 26 | $856.4M | — | ||
| Q4 25 | $823.2M | $1.6B | ||
| Q3 25 | $844.4M | $1.5B | ||
| Q2 25 | $822.1M | $1.4B | ||
| Q1 25 | $824.6M | $1.4B | ||
| Q4 24 | $794.2M | $1.2B | ||
| Q3 24 | $853.4M | $1.2B | ||
| Q2 24 | $830.0M | $1.3B |
负债/权益比SWIMTPL
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.69× | — |
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 | $-47.7M | $113.7M |
| 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 | — | 0.92× |
| 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SWIMTPL
| Q1 26 | $-47.7M | — | ||
| Q4 25 | $23.3M | $113.7M | ||
| Q3 25 | $51.0M | $154.6M | ||
| Q2 25 | $36.0M | $120.9M | ||
| Q1 25 | $-46.9M | $156.7M | ||
| Q4 24 | $6.2M | $126.6M | ||
| Q3 24 | $37.2M | $118.6M | ||
| Q2 24 | $52.4M | $98.3M |
自由现金流SWIMTPL
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | — | ||
| Q3 25 | $45.2M | — | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $-50.3M | — | ||
| Q4 24 | $-98.0K | — | ||
| Q3 24 | $33.2M | — | ||
| Q2 24 | $47.9M | — |
自由现金流率SWIMTPL
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 27.9% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | -45.2% | — | ||
| Q4 24 | -0.1% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 29.9% | — |
资本支出强度SWIMTPL
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.8% | — |
现金转化率SWIMTPL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.92× | ||
| Q3 25 | 6.29× | 1.28× | ||
| Q2 25 | 2.25× | 1.04× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | 6.32× | 1.11× | ||
| Q2 24 | 3.95× | 0.86× |
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
SWIM
暂无分部数据
TPL
| Water Serviceand Operations Segment | $98.2M | 46% |
| Water Sales And Royalties | $60.7M | 29% |
| Produced Water Royalties | $33.5M | 16% |
| Easementand Sundry | $20.6M | 10% |
