vs
ProFrac Holding Corp.（ACDC）与BKV Corp（BKV）财务数据对比。点击上方公司名可切换其他公司
ProFrac Holding Corp.的季度营收约是BKV Corp的1.7倍（$436.5M vs $255.9M）。BKV Corp净利率更高（27.5% vs -33.2%，领先60.7%）
ProFrac Holding Corp.是一家领先的北美能源服务企业，主要为油气勘探开采企业提供水力压裂、完井及相关配套服务，核心客户覆盖美国、加拿大主要陆上页岩及常规油气产区的上游运营商。
BKV Corp是一家北美独立能源企业，专注于天然气的可持续勘探、生产与配送，核心运营资产位于阿巴拉契亚盆地，服务区域内公用事业、工业及商业客户，同时投资碳捕获等低碳技术以降低运营排放。
ACDC vs BKV — 直观对比
营收规模更大
ACDC
是对方的1.7倍
$255.9M
净利率更高
BKV
高出60.7%
-33.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $255.9M |
| 净利润 | $-144.7M | $70.4M |
| 毛利率 | — | — |
| 营业利润率 | -24.9% | 39.3% |
| 净利率 | -33.2% | 27.5% |
| 营收同比 | -4.0% | — |
| 净利润同比 | -37.8% | — |
| 每股收益（稀释后） | $-0.83 | $0.78 |
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ACDCBKV
| Q4 25 | $436.5M | $255.9M | ||
| Q3 25 | $403.1M | $199.8M | ||
| Q2 25 | $501.9M | $207.1M | ||
| Q1 25 | $600.3M | $231.0M | ||
| Q4 24 | $454.7M | — | ||
| Q3 24 | $575.3M | $133.5M | ||
| Q2 24 | $579.4M | — | ||
| Q1 24 | $581.5M | — |
净利润ACDCBKV
| Q4 25 | $-144.7M | $70.4M | ||
| Q3 25 | $-100.9M | $76.8M | ||
| Q2 25 | $-105.9M | $104.6M | ||
| Q1 25 | $-17.5M | $-78.7M | ||
| Q4 24 | $-105.0M | — | ||
| Q3 24 | $-45.2M | $12.9M | ||
| Q2 24 | $-66.7M | — | ||
| Q1 24 | $1.8M | — |
营业利润率ACDCBKV
| Q4 25 | -24.9% | 39.3% | ||
| Q3 25 | -19.5% | 41.2% | ||
| Q2 25 | -10.8% | 62.0% | ||
| Q1 25 | 2.7% | -40.6% | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -0.7% | -15.7% | ||
| Q2 24 | -8.5% | — | ||
| Q1 24 | 6.9% | — |
净利率ACDCBKV
| Q4 25 | -33.2% | 27.5% | ||
| Q3 25 | -25.0% | 38.5% | ||
| Q2 25 | -21.1% | 50.5% | ||
| Q1 25 | -2.9% | -34.1% | ||
| Q4 24 | -23.1% | — | ||
| Q3 24 | -7.9% | 9.6% | ||
| Q2 24 | -11.5% | — | ||
| Q1 24 | 0.3% | — |
每股收益（稀释后）ACDCBKV
| Q4 25 | $-0.83 | $0.78 | ||
| Q3 25 | $-0.60 | $0.90 | ||
| Q2 25 | $-0.67 | $1.23 | ||
| Q1 25 | $-0.12 | $-0.93 | ||
| Q4 24 | $-0.67 | — | ||
| Q3 24 | $-0.29 | $0.18 | ||
| Q2 24 | $-0.42 | — | ||
| Q1 24 | $0.00 | — |
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 | $22.9M | $199.4M |
| 总债务越低越好 | $832.7M | $486.8M |
| 股东权益账面价值 | $717.5M | $2.0B |
| 总资产 | $2.6B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ACDCBKV
| Q4 25 | $22.9M | $199.4M | ||
| Q3 25 | $58.0M | $83.1M | ||
| Q2 25 | $26.0M | $21.4M | ||
| Q1 25 | $16.0M | $15.3M | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $25.5M | $31.3M | ||
| Q2 24 | $24.0M | — | ||
| Q1 24 | $28.3M | — |
总债务ACDCBKV
| Q4 25 | $832.7M | $486.8M | ||
| Q3 25 | $907.0M | $486.6M | ||
| Q2 25 | $941.9M | $200.0M | ||
| Q1 25 | $967.9M | $200.0M | ||
| Q4 24 | $936.1M | — | ||
| Q3 24 | $986.7M | $190.0M | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $895.1M | — |
股东权益ACDCBKV
| Q4 25 | $717.5M | $2.0B | ||
| Q3 25 | $862.0M | $1.8B | ||
| Q2 25 | $875.5M | $1.6B | ||
| Q1 25 | $988.1M | $1.5B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
总资产ACDCBKV
| Q4 25 | $2.6B | $3.1B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.8B | $2.3B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.0B | — |
负债/权益比ACDCBKV
| Q4 25 | 1.16× | 0.24× | ||
| Q3 25 | 1.05× | 0.27× | ||
| Q2 25 | 1.08× | 0.13× | ||
| Q1 25 | 0.98× | 0.13× | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.90× | 0.12× | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.74× | — |
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 | $69.4M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | — |
| 自由现金流率自由现金流/营收 | 3.0% | — |
| 资本支出强度资本支出/营收 | 8.4% | — |
| 现金转化率经营现金流/净利润 | — | 0.99× |
| 过去12个月自由现金流最近4个季度 | $19.6M | — |
8季度趋势，按日历期对齐
经营现金流ACDCBKV
| Q4 25 | $49.5M | $69.4M | ||
| Q3 25 | $900.0K | $74.5M | ||
| Q2 25 | $100.4M | $76.2M | ||
| Q1 25 | $38.7M | $22.6M | ||
| Q4 24 | $76.5M | — | ||
| Q3 24 | $98.2M | — | ||
| Q2 24 | $113.5M | — | ||
| Q1 24 | $79.1M | — |
自由现金流ACDCBKV
| Q4 25 | $12.9M | — | ||
| Q3 25 | $-33.4M | $-126.9M | ||
| Q2 25 | $53.9M | — | ||
| Q1 25 | $-13.8M | — | ||
| Q4 24 | $13.3M | — | ||
| Q3 24 | $28.2M | — | ||
| Q2 24 | $51.6M | — | ||
| Q1 24 | $19.2M | — |
自由现金流率ACDCBKV
| Q4 25 | 3.0% | — | ||
| Q3 25 | -8.3% | -63.5% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | 3.3% | — |
资本支出强度ACDCBKV
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.5% | 100.9% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 10.3% | — |
现金转化率ACDCBKV
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 43.94× | — |
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
ACDC
| Services | $385.6M | 88% |
| Products | $50.9M | 12% |
BKV
| Natural Gas NGL And Oil | $249.3M | 97% |
| Related Party And Other | $4.7M | 2% |
| Marketing | $2.8M | 1% |
