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ProFrac Holding Corp.（ACDC）与Coterra（CTRA）财务数据对比。点击上方公司名可切换其他公司
Coterra的季度营收约是ProFrac Holding Corp.的4.1倍（$1.8B vs $436.5M）。Coterra净利率更高（20.6% vs -33.2%，领先53.7%）。Coterra同比增速更快（23.8% vs -4.0%）。过去两年Coterra的营收复合增速更高（11.8% 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。
Coterra Energy Inc.是总部位于美国得克萨斯州休斯敦的能源企业，核心业务为油气勘探开发，运营布局覆盖二叠纪盆地、马塞勒斯页岩区及阿纳达科盆地等北美核心油气产区，具备成熟的勘探开发技术与丰富的项目运营经验。
ACDC vs CTRA — 直观对比
营收规模更大
CTRA
是对方的4.1倍
$436.5M
营收增速更快
CTRA
高出27.8%
-4.0%
净利率更高
CTRA
高出53.7%
-33.2%
两年增速更快
CTRA
近两年复合增速
-13.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $1.8B |
| 净利润 | $-144.7M | $368.0M |
| 毛利率 | — | — |
| 营业利润率 | -24.9% | 31.9% |
| 净利率 | -33.2% | 20.6% |
| 营收同比 | -4.0% | 23.8% |
| 净利润同比 | -37.8% | 23.9% |
| 每股收益（稀释后） | $-0.83 | $0.47 |
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ACDCCTRA
| Q4 25 | $436.5M | $1.8B | ||
| Q3 25 | $403.1M | $1.8B | ||
| Q2 25 | $501.9M | $1.7B | ||
| Q1 25 | $600.3M | $2.0B | ||
| Q4 24 | $454.7M | $1.4B | ||
| Q3 24 | $575.3M | $1.3B | ||
| Q2 24 | $579.4M | $1.3B | ||
| Q1 24 | $581.5M | $1.4B |
净利润ACDCCTRA
| Q4 25 | $-144.7M | $368.0M | ||
| Q3 25 | $-100.9M | $322.0M | ||
| Q2 25 | $-105.9M | $511.0M | ||
| Q1 25 | $-17.5M | $516.0M | ||
| Q4 24 | $-105.0M | $297.0M | ||
| Q3 24 | $-45.2M | $252.0M | ||
| Q2 24 | $-66.7M | $220.0M | ||
| Q1 24 | $1.8M | $352.0M |
营业利润率ACDCCTRA
| Q4 25 | -24.9% | 31.9% | ||
| Q3 25 | -19.5% | 26.8% | ||
| Q2 25 | -10.8% | 40.9% | ||
| Q1 25 | 2.7% | 34.8% | ||
| Q4 24 | -10.3% | 22.5% | ||
| Q3 24 | -0.7% | 25.3% | ||
| Q2 24 | -8.5% | 23.0% | ||
| Q1 24 | 6.9% | 30.7% |
净利率ACDCCTRA
| Q4 25 | -33.2% | 20.6% | ||
| Q3 25 | -25.0% | 18.3% | ||
| Q2 25 | -21.1% | 29.5% | ||
| Q1 25 | -2.9% | 25.6% | ||
| Q4 24 | -23.1% | 20.5% | ||
| Q3 24 | -7.9% | 19.5% | ||
| Q2 24 | -11.5% | 17.1% | ||
| Q1 24 | 0.3% | 24.6% |
每股收益（稀释后）ACDCCTRA
| Q4 25 | $-0.83 | $0.47 | ||
| Q3 25 | $-0.60 | $0.42 | ||
| Q2 25 | $-0.67 | $0.67 | ||
| Q1 25 | $-0.12 | $0.68 | ||
| Q4 24 | $-0.67 | $0.40 | ||
| Q3 24 | $-0.29 | $0.34 | ||
| Q2 24 | $-0.42 | $0.29 | ||
| Q1 24 | $0.00 | $0.47 |
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 | $114.0M |
| 总债务越低越好 | $832.7M | $3.8B |
| 股东权益账面价值 | $717.5M | $14.8B |
| 总资产 | $2.6B | $24.2B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资ACDCCTRA
| Q4 25 | $22.9M | $114.0M | ||
| Q3 25 | $58.0M | $98.0M | ||
| Q2 25 | $26.0M | $192.0M | ||
| Q1 25 | $16.0M | $186.0M | ||
| Q4 24 | $14.8M | $2.0B | ||
| Q3 24 | $25.5M | $843.0M | ||
| Q2 24 | $24.0M | $1.3B | ||
| Q1 24 | $28.3M | $1.5B |
总债务ACDCCTRA
| Q4 25 | $832.7M | $3.8B | ||
| Q3 25 | $907.0M | $3.9B | ||
| Q2 25 | $941.9M | $4.2B | ||
| Q1 25 | $967.9M | $4.3B | ||
| Q4 24 | $936.1M | $3.5B | ||
| Q3 24 | $986.7M | $2.1B | ||
| Q2 24 | $1.0B | $2.6B | ||
| Q1 24 | $895.1M | $2.7B |
股东权益ACDCCTRA
| Q4 25 | $717.5M | $14.8B | ||
| Q3 25 | $862.0M | $14.7B | ||
| Q2 25 | $875.5M | $14.6B | ||
| Q1 25 | $988.1M | $14.2B | ||
| Q4 24 | $1.0B | $13.1B | ||
| Q3 24 | $1.1B | $13.0B | ||
| Q2 24 | $1.1B | $13.0B | ||
| Q1 24 | $1.2B | $13.1B |
总资产ACDCCTRA
| Q4 25 | $2.6B | $24.2B | ||
| Q3 25 | $2.7B | $24.0B | ||
| Q2 25 | $2.8B | $24.0B | ||
| Q1 25 | $3.0B | $24.0B | ||
| Q4 24 | $3.0B | $21.6B | ||
| Q3 24 | $3.1B | $20.1B | ||
| Q2 24 | $3.2B | $20.8B | ||
| Q1 24 | $3.0B | $21.0B |
负债/权益比ACDCCTRA
| Q4 25 | 1.16× | 0.26× | ||
| Q3 25 | 1.05× | 0.27× | ||
| Q2 25 | 1.08× | 0.29× | ||
| Q1 25 | 0.98× | 0.30× | ||
| Q4 24 | 0.93× | 0.27× | ||
| Q3 24 | 0.90× | 0.16× | ||
| Q2 24 | 0.88× | 0.20× | ||
| Q1 24 | 0.74× | 0.20× |
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 | $970.0M |
| 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 | — | 2.64× |
| 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ACDCCTRA
| Q4 25 | $49.5M | $970.0M | ||
| Q3 25 | $900.0K | $971.0M | ||
| Q2 25 | $100.4M | $936.0M | ||
| Q1 25 | $38.7M | $1.1B | ||
| Q4 24 | $76.5M | $626.0M | ||
| Q3 24 | $98.2M | $755.0M | ||
| Q2 24 | $113.5M | $558.0M | ||
| Q1 24 | $79.1M | $856.0M |
自由现金流ACDCCTRA
| Q4 25 | $12.9M | — | ||
| Q3 25 | $-33.4M | — | ||
| 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ACDCCTRA
| Q4 25 | 3.0% | — | ||
| Q3 25 | -8.3% | — | ||
| 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ACDCCTRA
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.5% | — | ||
| 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ACDCCTRA
| Q4 25 | — | 2.64× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | 2.22× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | — | 3.00× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | 43.94× | 2.43× |
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% |
CTRA
| Oil And Condensate | $941.0M | 53% |
| Natural Gas Production | $615.0M | 34% |
| Natural Gas Liquids Reserves | $206.0M | 12% |
| Other Revenues | $28.0M | 2% |
