vs
ProFrac Holding Corp.（ACDC）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
ProFrac Holding Corp.的季度营收约是南玻集团的1.4倍（$436.5M vs $323.1M），南玻集团净利率更高（2.2% vs -33.2%，领先35.3%），南玻集团同比增速更快（2.0% vs -4.0%），南玻集团自由现金流更多（$55.8M vs $12.9M），过去两年南玻集团的营收复合增速更高（4.6% vs -13.4%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
ACDC vs CSGS — 直观对比
营收规模更大
ACDC
是对方的1.4倍
$323.1M
营收增速更快
CSGS
高出6.0%
-4.0%
净利率更高
CSGS
高出35.3%
-33.2%
自由现金流更多
CSGS
多$42.9M
$12.9M
两年增速更快
CSGS
近两年复合增速
-13.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $323.1M |
| 净利润 | $-144.7M | $7.0M |
| 毛利率 | — | 50.0% |
| 营业利润率 | -24.9% | 9.0% |
| 净利率 | -33.2% | 2.2% |
| 营收同比 | -4.0% | 2.0% |
| 净利润同比 | -37.8% | -79.7% |
| 每股收益（稀释后） | $-0.83 | $0.24 |
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ACDCCSGS
| Q4 25 | $436.5M | $323.1M | ||
| Q3 25 | $403.1M | $303.6M | ||
| Q2 25 | $501.9M | $297.1M | ||
| Q1 25 | $600.3M | $299.5M | ||
| Q4 24 | $454.7M | $316.7M | ||
| Q3 24 | $575.3M | $295.1M | ||
| Q2 24 | $579.4M | $290.3M | ||
| Q1 24 | $581.5M | $295.1M |
净利润ACDCCSGS
| Q4 25 | $-144.7M | $7.0M | ||
| Q3 25 | $-100.9M | $20.5M | ||
| Q2 25 | $-105.9M | $12.3M | ||
| Q1 25 | $-17.5M | $16.1M | ||
| Q4 24 | $-105.0M | $34.5M | ||
| Q3 24 | $-45.2M | $19.1M | ||
| Q2 24 | $-66.7M | $13.8M | ||
| Q1 24 | $1.8M | $19.5M |
毛利率ACDCCSGS
| Q4 25 | — | 50.0% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 49.5% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 47.3% | ||
| Q1 24 | — | 46.5% |
营业利润率ACDCCSGS
| Q4 25 | -24.9% | 9.0% | ||
| Q3 25 | -19.5% | 10.0% | ||
| Q2 25 | -10.8% | 10.0% | ||
| Q1 25 | 2.7% | 9.8% | ||
| Q4 24 | -10.3% | 13.4% | ||
| Q3 24 | -0.7% | 10.8% | ||
| Q2 24 | -8.5% | 8.8% | ||
| Q1 24 | 6.9% | 10.8% |
净利率ACDCCSGS
| Q4 25 | -33.2% | 2.2% | ||
| Q3 25 | -25.0% | 6.7% | ||
| Q2 25 | -21.1% | 4.1% | ||
| Q1 25 | -2.9% | 5.4% | ||
| Q4 24 | -23.1% | 10.9% | ||
| Q3 24 | -7.9% | 6.5% | ||
| Q2 24 | -11.5% | 4.8% | ||
| Q1 24 | 0.3% | 6.6% |
每股收益（稀释后）ACDCCSGS
| Q4 25 | $-0.83 | $0.24 | ||
| Q3 25 | $-0.60 | $0.73 | ||
| Q2 25 | $-0.67 | $0.44 | ||
| Q1 25 | $-0.12 | $0.57 | ||
| Q4 24 | $-0.67 | $1.20 | ||
| Q3 24 | $-0.29 | $0.67 | ||
| Q2 24 | $-0.42 | $0.48 | ||
| Q1 24 | $0.00 | $0.68 |
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 | $180.0M |
| 总债务越低越好 | $832.7M | $539.5M |
| 股东权益账面价值 | $717.5M | $283.7M |
| 总资产 | $2.6B | $1.5B |
| 负债/权益比越低杠杆越低 | 1.16× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资ACDCCSGS
| Q4 25 | $22.9M | $180.0M | ||
| Q3 25 | $58.0M | $158.4M | ||
| Q2 25 | $26.0M | $145.9M | ||
| Q1 25 | $16.0M | $136.0M | ||
| Q4 24 | $14.8M | $161.8M | ||
| Q3 24 | $25.5M | $118.4M | ||
| Q2 24 | $24.0M | $110.4M | ||
| Q1 24 | $28.3M | $120.8M |
总债务ACDCCSGS
| Q4 25 | $832.7M | $539.5M | ||
| Q3 25 | $907.0M | $538.6M | ||
| Q2 25 | $941.9M | $537.8M | ||
| Q1 25 | $967.9M | $537.6M | ||
| Q4 24 | $936.1M | $538.5M | ||
| Q3 24 | $986.7M | $539.5M | ||
| Q2 24 | $1.0B | $540.5M | ||
| Q1 24 | $895.1M | $541.5M |
股东权益ACDCCSGS
| Q4 25 | $717.5M | $283.7M | ||
| Q3 25 | $862.0M | $289.5M | ||
| Q2 25 | $875.5M | $290.7M | ||
| Q1 25 | $988.1M | $283.1M | ||
| Q4 24 | $1.0B | $282.6M | ||
| Q3 24 | $1.1B | $288.4M | ||
| Q2 24 | $1.1B | $273.3M | ||
| Q1 24 | $1.2B | $269.3M |
总资产ACDCCSGS
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.2B | $1.4B | ||
| Q1 24 | $3.0B | $1.3B |
负债/权益比ACDCCSGS
| Q4 25 | 1.16× | 1.90× | ||
| Q3 25 | 1.05× | 1.86× | ||
| Q2 25 | 1.08× | 1.85× | ||
| Q1 25 | 0.98× | 1.90× | ||
| Q4 24 | 0.93× | 1.91× | ||
| Q3 24 | 0.90× | 1.87× | ||
| Q2 24 | 0.88× | 1.98× | ||
| Q1 24 | 0.74× | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $55.8M |
| 自由现金流率自由现金流/营收 | 3.0% | 17.3% |
| 资本支出强度资本支出/营收 | 8.4% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 8.46× |
| 过去12个月自由现金流最近4个季度 | $19.6M | $141.4M |
8季度趋势，按日历期对齐
经营现金流ACDCCSGS
| Q4 25 | $49.5M | $59.2M | ||
| Q3 25 | $900.0K | $47.9M | ||
| Q2 25 | $100.4M | $37.3M | ||
| Q1 25 | $38.7M | $11.5M | ||
| Q4 24 | $76.5M | $82.5M | ||
| Q3 24 | $98.2M | $39.5M | ||
| Q2 24 | $113.5M | $43.1M | ||
| Q1 24 | $79.1M | $-29.4M |
自由现金流ACDCCSGS
| Q4 25 | $12.9M | $55.8M | ||
| Q3 25 | $-33.4M | $43.9M | ||
| Q2 25 | $53.9M | $34.6M | ||
| Q1 25 | $-13.8M | $7.1M | ||
| Q4 24 | $13.3M | $76.6M | ||
| Q3 24 | $28.2M | $32.0M | ||
| Q2 24 | $51.6M | $38.8M | ||
| Q1 24 | $19.2M | $-34.1M |
自由现金流率ACDCCSGS
| Q4 25 | 3.0% | 17.3% | ||
| Q3 25 | -8.3% | 14.5% | ||
| Q2 25 | 10.7% | 11.6% | ||
| Q1 25 | -2.3% | 2.4% | ||
| Q4 24 | 2.9% | 24.2% | ||
| Q3 24 | 4.9% | 10.8% | ||
| Q2 24 | 8.9% | 13.4% | ||
| Q1 24 | 3.3% | -11.6% |
资本支出强度ACDCCSGS
| Q4 25 | 8.4% | 1.1% | ||
| Q3 25 | 8.5% | 1.3% | ||
| Q2 25 | 9.3% | 0.9% | ||
| Q1 25 | 8.7% | 1.5% | ||
| Q4 24 | 13.9% | 1.9% | ||
| Q3 24 | 12.2% | 2.5% | ||
| Q2 24 | 10.7% | 1.5% | ||
| Q1 24 | 10.3% | 1.6% |
现金转化率ACDCCSGS
| Q4 25 | — | 8.46× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | — | 3.04× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | 43.94× | -1.51× |
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% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
