vs
ProFrac Holding Corp.（ACDC）与雪佛龙（CVX）财务数据对比。点击上方公司名可切换其他公司
雪佛龙的季度营收约是ProFrac Holding Corp.的104.9倍（$45.8B vs $436.5M）。雪佛龙净利率更高（6.0% vs -33.2%，领先39.2%）。ProFrac Holding Corp.同比增速更快（-4.0% vs -5.3%）。雪佛龙自由现金流更多（$5.5B vs $12.9M）。过去两年雪佛龙的营收复合增速更高（-0.9% 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。
雪佛龙是美国知名跨国能源企业，主营业务为石油和天然气相关业务，是标准石油拆分后的第二大直系子公司，前身为加利福尼亚标准石油公司，目前业务布局覆盖全球超过180个国家，在全球能源市场占据重要地位。
ACDC vs CVX — 直观对比
营收规模更大
CVX
是对方的104.9倍
$436.5M
营收增速更快
ACDC
高出1.3%
-5.3%
净利率更高
CVX
高出39.2%
-33.2%
自由现金流更多
CVX
多$5.5B
$12.9M
两年增速更快
CVX
近两年复合增速
-13.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $45.8B |
| 净利润 | $-144.7M | $2.8B |
| 毛利率 | — | 44.6% |
| 营业利润率 | -24.9% | 10.0% |
| 净利率 | -33.2% | 6.0% |
| 营收同比 | -4.0% | -5.3% |
| 净利润同比 | -37.8% | -14.5% |
| 每股收益（稀释后） | $-0.83 | $1.36 |
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ACDCCVX
| Q4 25 | $436.5M | $45.8B | ||
| Q3 25 | $403.1M | $48.2B | ||
| Q2 25 | $501.9M | $44.4B | ||
| Q1 25 | $600.3M | $46.1B | ||
| Q4 24 | $454.7M | $48.3B | ||
| Q3 24 | $575.3M | $48.9B | ||
| Q2 24 | $579.4M | $49.6B | ||
| Q1 24 | $581.5M | $46.6B |
净利润ACDCCVX
| Q4 25 | $-144.7M | $2.8B | ||
| Q3 25 | $-100.9M | $3.5B | ||
| Q2 25 | $-105.9M | $2.5B | ||
| Q1 25 | $-17.5M | $3.5B | ||
| Q4 24 | $-105.0M | $3.2B | ||
| Q3 24 | $-45.2M | $4.5B | ||
| Q2 24 | $-66.7M | $4.4B | ||
| Q1 24 | $1.8M | $5.5B |
毛利率ACDCCVX
| Q4 25 | — | 44.6% | ||
| Q3 25 | — | 43.1% | ||
| Q2 25 | — | 39.5% | ||
| Q1 25 | — | 37.9% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 37.8% | ||
| Q2 24 | — | 37.7% | ||
| Q1 24 | — | 40.4% |
营业利润率ACDCCVX
| Q4 25 | -24.9% | 10.0% | ||
| Q3 25 | -19.5% | 11.2% | ||
| Q2 25 | -10.8% | 9.3% | ||
| Q1 25 | 2.7% | 12.1% | ||
| Q4 24 | -10.3% | 12.5% | ||
| Q3 24 | -0.7% | 13.3% | ||
| Q2 24 | -8.5% | 14.2% | ||
| Q1 24 | 6.9% | 17.0% |
净利率ACDCCVX
| Q4 25 | -33.2% | 6.0% | ||
| Q3 25 | -25.0% | 7.3% | ||
| Q2 25 | -21.1% | 5.6% | ||
| Q1 25 | -2.9% | 7.6% | ||
| Q4 24 | -23.1% | 6.7% | ||
| Q3 24 | -7.9% | 9.2% | ||
| Q2 24 | -11.5% | 8.9% | ||
| Q1 24 | 0.3% | 11.8% |
每股收益（稀释后）ACDCCVX
| Q4 25 | $-0.83 | $1.36 | ||
| Q3 25 | $-0.60 | $1.82 | ||
| Q2 25 | $-0.67 | $1.45 | ||
| Q1 25 | $-0.12 | $2.00 | ||
| Q4 24 | $-0.67 | $1.84 | ||
| Q3 24 | $-0.29 | $2.48 | ||
| Q2 24 | $-0.42 | $2.43 | ||
| Q1 24 | $0.00 | $2.97 |
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 | — |
| 总债务越低越好 | $832.7M | $39.8B |
| 股东权益账面价值 | $717.5M | $186.4B |
| 总资产 | $2.6B | $324.0B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资ACDCCVX
| Q4 25 | $22.9M | — | ||
| Q3 25 | $58.0M | — | ||
| Q2 25 | $26.0M | — | ||
| Q1 25 | $16.0M | — | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $25.5M | — | ||
| Q2 24 | $24.0M | $4.0B | ||
| Q1 24 | $28.3M | $6.3B |
总债务ACDCCVX
| Q4 25 | $832.7M | $39.8B | ||
| Q3 25 | $907.0M | — | ||
| Q2 25 | $941.9M | — | ||
| Q1 25 | $967.9M | — | ||
| Q4 24 | $936.1M | $20.1B | ||
| Q3 24 | $986.7M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $895.1M | — |
股东权益ACDCCVX
| Q4 25 | $717.5M | $186.4B | ||
| Q3 25 | $862.0M | $189.8B | ||
| Q2 25 | $875.5M | $146.4B | ||
| Q1 25 | $988.1M | $149.2B | ||
| Q4 24 | $1.0B | $152.3B | ||
| Q3 24 | $1.1B | $156.2B | ||
| Q2 24 | $1.1B | $159.2B | ||
| Q1 24 | $1.2B | $160.6B |
总资产ACDCCVX
| Q4 25 | $2.6B | $324.0B | ||
| Q3 25 | $2.7B | $326.5B | ||
| Q2 25 | $2.8B | $250.8B | ||
| Q1 25 | $3.0B | $256.4B | ||
| Q4 24 | $3.0B | $256.9B | ||
| Q3 24 | $3.1B | $259.2B | ||
| Q2 24 | $3.2B | $260.6B | ||
| Q1 24 | $3.0B | $261.7B |
负债/权益比ACDCCVX
| Q4 25 | 1.16× | 0.21× | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.93× | 0.13× | ||
| Q3 24 | 0.90× | — | ||
| 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 | $10.8B |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $5.5B |
| 自由现金流率自由现金流/营收 | 3.0% | 12.1% |
| 资本支出强度资本支出/营收 | 8.4% | 11.5% |
| 现金转化率经营现金流/净利润 | — | 3.89× |
| 过去12个月自由现金流最近4个季度 | $19.6M | $16.6B |
8季度趋势，按日历期对齐
经营现金流ACDCCVX
| Q4 25 | $49.5M | $10.8B | ||
| Q3 25 | $900.0K | $9.4B | ||
| Q2 25 | $100.4M | $8.6B | ||
| Q1 25 | $38.7M | $5.2B | ||
| Q4 24 | $76.5M | $8.7B | ||
| Q3 24 | $98.2M | $9.7B | ||
| Q2 24 | $113.5M | $6.3B | ||
| Q1 24 | $79.1M | $6.8B |
自由现金流ACDCCVX
| Q4 25 | $12.9M | $5.5B | ||
| Q3 25 | $-33.4M | $4.9B | ||
| Q2 25 | $53.9M | $4.9B | ||
| Q1 25 | $-13.8M | $1.3B | ||
| Q4 24 | $13.3M | $4.4B | ||
| Q3 24 | $28.2M | $5.6B | ||
| Q2 24 | $51.6M | $2.3B | ||
| Q1 24 | $19.2M | $2.7B |
自由现金流率ACDCCVX
| Q4 25 | 3.0% | 12.1% | ||
| Q3 25 | -8.3% | 10.3% | ||
| Q2 25 | 10.7% | 11.0% | ||
| Q1 25 | -2.3% | 2.7% | ||
| Q4 24 | 2.9% | 9.0% | ||
| Q3 24 | 4.9% | 11.5% | ||
| Q2 24 | 8.9% | 4.7% | ||
| Q1 24 | 3.3% | 5.9% |
资本支出强度ACDCCVX
| Q4 25 | 8.4% | 11.5% | ||
| Q3 25 | 8.5% | 9.2% | ||
| Q2 25 | 9.3% | 8.4% | ||
| Q1 25 | 8.7% | 8.5% | ||
| Q4 24 | 13.9% | 9.0% | ||
| Q3 24 | 12.2% | 8.3% | ||
| Q2 24 | 10.7% | 8.0% | ||
| Q1 24 | 10.3% | 8.8% |
现金转化率ACDCCVX
| Q4 25 | — | 3.89× | ||
| Q3 25 | — | 2.65× | ||
| Q2 25 | — | 3.44× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | — | 2.68× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | 43.94× | 1.24× |
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
ACDC
| Services | $385.6M | 88% |
| Products | $50.9M | 12% |
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
