vs
ProFrac Holding Corp.（ACDC）与Forestar Group Inc.（FOR）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Forestar Group Inc.的1.6倍（$436.5M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -33.2%，领先38.8%），Forestar Group Inc.同比增速更快（9.0% vs -4.0%），ProFrac Holding Corp.自由现金流更多（$12.9M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% 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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
ACDC vs FOR — 直观对比
营收规模更大
ACDC
是对方的1.6倍
$273.0M
营收增速更快
FOR
高出13.0%
-4.0%
净利率更高
FOR
高出38.8%
-33.2%
自由现金流更多
ACDC
多$170.0M
$-157.1M
两年增速更快
FOR
近两年复合增速
-13.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $273.0M |
| 净利润 | $-144.7M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | -24.9% | 7.6% |
| 净利率 | -33.2% | 5.6% |
| 营收同比 | -4.0% | 9.0% |
| 净利润同比 | -37.8% | -6.7% |
| 每股收益（稀释后） | $-0.83 | $0.30 |
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ACDCFOR
| Q4 25 | $436.5M | $273.0M | ||
| Q3 25 | $403.1M | $670.5M | ||
| Q2 25 | $501.9M | $390.5M | ||
| Q1 25 | $600.3M | $351.0M | ||
| Q4 24 | $454.7M | $250.4M | ||
| Q3 24 | $575.3M | $551.3M | ||
| Q2 24 | $579.4M | $318.4M | ||
| Q1 24 | $581.5M | $333.8M |
净利润ACDCFOR
| Q4 25 | $-144.7M | $15.4M | ||
| Q3 25 | $-100.9M | $86.9M | ||
| Q2 25 | $-105.9M | $32.9M | ||
| Q1 25 | $-17.5M | $31.6M | ||
| Q4 24 | $-105.0M | $16.5M | ||
| Q3 24 | $-45.2M | $81.5M | ||
| Q2 24 | $-66.7M | $38.7M | ||
| Q1 24 | $1.8M | $45.0M |
毛利率ACDCFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
营业利润率ACDCFOR
| Q4 25 | -24.9% | 7.6% | ||
| Q3 25 | -19.5% | 16.9% | ||
| Q2 25 | -10.8% | 11.2% | ||
| Q1 25 | 2.7% | 11.6% | ||
| Q4 24 | -10.3% | 8.7% | ||
| Q3 24 | -0.7% | 19.7% | ||
| Q2 24 | -8.5% | 16.2% | ||
| Q1 24 | 6.9% | 17.6% |
净利率ACDCFOR
| Q4 25 | -33.2% | 5.6% | ||
| Q3 25 | -25.0% | 13.0% | ||
| Q2 25 | -21.1% | 8.4% | ||
| Q1 25 | -2.9% | 9.0% | ||
| Q4 24 | -23.1% | 6.6% | ||
| Q3 24 | -7.9% | 14.8% | ||
| Q2 24 | -11.5% | 12.2% | ||
| Q1 24 | 0.3% | 13.5% |
每股收益（稀释后）ACDCFOR
| Q4 25 | $-0.83 | $0.30 | ||
| Q3 25 | $-0.60 | $1.70 | ||
| Q2 25 | $-0.67 | $0.65 | ||
| Q1 25 | $-0.12 | $0.62 | ||
| Q4 24 | $-0.67 | $0.32 | ||
| Q3 24 | $-0.29 | $1.59 | ||
| Q2 24 | $-0.42 | $0.76 | ||
| Q1 24 | $0.00 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $832.7M | $793.2M |
| 股东权益账面价值 | $717.5M | $1.8B |
| 总资产 | $2.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ACDCFOR
| Q4 25 | $22.9M | $211.7M | ||
| Q3 25 | $58.0M | $379.2M | ||
| Q2 25 | $26.0M | $189.2M | ||
| Q1 25 | $16.0M | $174.3M | ||
| Q4 24 | $14.8M | $132.0M | ||
| Q3 24 | $25.5M | $481.2M | ||
| Q2 24 | $24.0M | $359.2M | ||
| Q1 24 | $28.3M | $416.2M |
总债务ACDCFOR
| Q4 25 | $832.7M | $793.2M | ||
| Q3 25 | $907.0M | $802.7M | ||
| Q2 25 | $941.9M | $872.8M | ||
| Q1 25 | $967.9M | $872.5M | ||
| Q4 24 | $936.1M | $806.8M | ||
| Q3 24 | $986.7M | $706.4M | ||
| Q2 24 | $1.0B | $706.1M | ||
| Q1 24 | $895.1M | $705.7M |
股东权益ACDCFOR
| Q4 25 | $717.5M | $1.8B | ||
| Q3 25 | $862.0M | $1.8B | ||
| Q2 25 | $875.5M | $1.7B | ||
| Q1 25 | $988.1M | $1.6B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
总资产ACDCFOR
| Q4 25 | $2.6B | $3.2B | ||
| Q3 25 | $2.7B | $3.1B | ||
| Q2 25 | $2.8B | $3.1B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.0B | $3.0B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $3.2B | $2.7B | ||
| Q1 24 | $3.0B | $2.6B |
负债/权益比ACDCFOR
| Q4 25 | 1.16× | 0.44× | ||
| Q3 25 | 1.05× | 0.45× | ||
| Q2 25 | 1.08× | 0.52× | ||
| Q1 25 | 0.98× | 0.53× | ||
| Q4 24 | 0.93× | 0.50× | ||
| Q3 24 | 0.90× | 0.44× | ||
| Q2 24 | 0.88× | 0.47× | ||
| Q1 24 | 0.74× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $-157.1M |
| 自由现金流率自由现金流/营收 | 3.0% | -57.5% |
| 资本支出强度资本支出/营收 | 8.4% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $19.6M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ACDCFOR
| Q4 25 | $49.5M | $-157.0M | ||
| Q3 25 | $900.0K | $256.3M | ||
| Q2 25 | $100.4M | $15.8M | ||
| Q1 25 | $38.7M | $-19.8M | ||
| Q4 24 | $76.5M | $-450.0M | ||
| Q3 24 | $98.2M | $119.2M | ||
| Q2 24 | $113.5M | $-61.7M | ||
| Q1 24 | $79.1M | $-59.2M |
自由现金流ACDCFOR
| Q4 25 | $12.9M | $-157.1M | ||
| Q3 25 | $-33.4M | $255.6M | ||
| Q2 25 | $53.9M | $15.0M | ||
| Q1 25 | $-13.8M | $-20.5M | ||
| Q4 24 | $13.3M | — | ||
| Q3 24 | $28.2M | $118.4M | ||
| Q2 24 | $51.6M | $-62.3M | ||
| Q1 24 | $19.2M | $-59.8M |
自由现金流率ACDCFOR
| Q4 25 | 3.0% | -57.5% | ||
| Q3 25 | -8.3% | 38.1% | ||
| Q2 25 | 10.7% | 3.8% | ||
| Q1 25 | -2.3% | -5.8% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 4.9% | 21.5% | ||
| Q2 24 | 8.9% | -19.6% | ||
| Q1 24 | 3.3% | -17.9% |
资本支出强度ACDCFOR
| Q4 25 | 8.4% | 0.0% | ||
| Q3 25 | 8.5% | 0.1% | ||
| Q2 25 | 9.3% | 0.2% | ||
| Q1 25 | 8.7% | 0.2% | ||
| Q4 24 | 13.9% | 0.0% | ||
| Q3 24 | 12.2% | 0.1% | ||
| Q2 24 | 10.7% | 0.2% | ||
| Q1 24 | 10.3% | 0.2% |
现金转化率ACDCFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | 43.94× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
