vs
ProFrac Holding Corp.（ACDC）与National Energy Services Reunited Corp.（NESR）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National Energy Services Reunited Corp.的1.5倍（$436.5M vs $295.3M）。National Energy Services Reunited Corp.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 -12.2%）。ProFrac Holding Corp.自由现金流更多（$12.9M vs $-34.1M）
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。
National Energy Services Reunited Corp.是一家领先的综合油田服务供应商，为油气上游运营商提供钻井建设、完井、生产运营及干预作业等全系列解决方案，核心市场覆盖中东、北非及东亚地区，服务各国国家石油公司及国际能源客户。
ACDC vs NESR — 直观对比
营收规模更大
ACDC
是对方的1.5倍
$295.3M
营收增速更快
ACDC
高出8.2%
-12.2%
净利率更高
NESR
高出39.2%
-33.2%
自由现金流更多
ACDC
多$47.0M
$-34.1M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $295.3M |
| 净利润 | $-144.7M | $17.7M |
| 毛利率 | — | 12.0% |
| 营业利润率 | -24.9% | 6.6% |
| 净利率 | -33.2% | 6.0% |
| 营收同比 | -4.0% | -12.2% |
| 净利润同比 | -37.8% | -14.0% |
| 每股收益（稀释后） | $-0.83 | $0.18 |
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ACDCNESR
| Q4 25 | $436.5M | — | ||
| Q3 25 | $403.1M | $295.3M | ||
| Q2 25 | $501.9M | $327.4M | ||
| Q1 25 | $600.3M | $303.1M | ||
| Q4 24 | $454.7M | — | ||
| Q3 24 | $575.3M | $336.2M | ||
| Q2 24 | $579.4M | $325.0M | ||
| Q1 24 | $581.5M | — |
净利润ACDCNESR
| Q4 25 | $-144.7M | — | ||
| Q3 25 | $-100.9M | $17.7M | ||
| Q2 25 | $-105.9M | $15.2M | ||
| Q1 25 | $-17.5M | $10.4M | ||
| Q4 24 | $-105.0M | — | ||
| Q3 24 | $-45.2M | $20.6M | ||
| Q2 24 | $-66.7M | $18.9M | ||
| Q1 24 | $1.8M | — |
毛利率ACDCNESR
| Q4 25 | — | — | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | — |
营业利润率ACDCNESR
| Q4 25 | -24.9% | — | ||
| Q3 25 | -19.5% | 6.6% | ||
| Q2 25 | -10.8% | 8.3% | ||
| Q1 25 | 2.7% | 6.9% | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -0.7% | 10.5% | ||
| Q2 24 | -8.5% | 10.5% | ||
| Q1 24 | 6.9% | — |
净利率ACDCNESR
| Q4 25 | -33.2% | — | ||
| Q3 25 | -25.0% | 6.0% | ||
| Q2 25 | -21.1% | 4.6% | ||
| Q1 25 | -2.9% | 3.4% | ||
| Q4 24 | -23.1% | — | ||
| Q3 24 | -7.9% | 6.1% | ||
| Q2 24 | -11.5% | 5.8% | ||
| Q1 24 | 0.3% | — |
每股收益（稀释后）ACDCNESR
| Q4 25 | $-0.83 | — | ||
| Q3 25 | $-0.60 | $0.18 | ||
| Q2 25 | $-0.67 | $0.16 | ||
| Q1 25 | $-0.12 | $0.11 | ||
| Q4 24 | $-0.67 | — | ||
| Q3 24 | $-0.29 | $0.22 | ||
| Q2 24 | $-0.42 | $0.20 | ||
| 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 | $69.7M |
| 总债务越低越好 | $832.7M | $274.1M |
| 股东权益账面价值 | $717.5M | $956.7M |
| 总资产 | $2.6B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资ACDCNESR
| Q4 25 | $22.9M | — | ||
| Q3 25 | $58.0M | $69.7M | ||
| Q2 25 | $26.0M | $131.8M | ||
| Q1 25 | $16.0M | $78.7M | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $25.5M | $118.2M | ||
| Q2 24 | $24.0M | $75.0M | ||
| Q1 24 | $28.3M | — |
总债务ACDCNESR
| Q4 25 | $832.7M | — | ||
| Q3 25 | $907.0M | $274.1M | ||
| Q2 25 | $941.9M | $291.7M | ||
| Q1 25 | $967.9M | $309.2M | ||
| Q4 24 | $936.1M | — | ||
| Q3 24 | $986.7M | $358.7M | ||
| Q2 24 | $1.0B | $376.7M | ||
| Q1 24 | $895.1M | — |
股东权益ACDCNESR
| Q4 25 | $717.5M | — | ||
| Q3 25 | $862.0M | $956.7M | ||
| Q2 25 | $875.5M | $936.9M | ||
| Q1 25 | $988.1M | $920.5M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | $873.5M | ||
| Q2 24 | $1.1B | $851.4M | ||
| Q1 24 | $1.2B | — |
总资产ACDCNESR
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.2B | $1.8B | ||
| Q1 24 | $3.0B | — |
负债/权益比ACDCNESR
| Q4 25 | 1.16× | — | ||
| Q3 25 | 1.05× | 0.29× | ||
| Q2 25 | 1.08× | 0.31× | ||
| Q1 25 | 0.98× | 0.34× | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.90× | 0.41× | ||
| Q2 24 | 0.88× | 0.44× | ||
| 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 | $6.7M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $-34.1M |
| 自由现金流率自由现金流/营收 | 3.0% | -11.5% |
| 资本支出强度资本支出/营收 | 8.4% | 13.8% |
| 现金转化率经营现金流/净利润 | — | 0.38× |
| 过去12个月自由现金流最近4个季度 | $19.6M | $68.5M |
8季度趋势，按日历期对齐
经营现金流ACDCNESR
| Q4 25 | $49.5M | — | ||
| Q3 25 | $900.0K | $6.7M | ||
| Q2 25 | $100.4M | $98.5M | ||
| Q1 25 | $38.7M | $20.5M | ||
| Q4 24 | $76.5M | — | ||
| Q3 24 | $98.2M | $70.8M | ||
| Q2 24 | $113.5M | — | ||
| Q1 24 | $79.1M | — |
自由现金流ACDCNESR
| Q4 25 | $12.9M | — | ||
| Q3 25 | $-33.4M | $-34.1M | ||
| Q2 25 | $53.9M | $68.7M | ||
| Q1 25 | $-13.8M | $-9.6M | ||
| Q4 24 | $13.3M | — | ||
| Q3 24 | $28.2M | $43.4M | ||
| Q2 24 | $51.6M | — | ||
| Q1 24 | $19.2M | — |
自由现金流率ACDCNESR
| Q4 25 | 3.0% | — | ||
| Q3 25 | -8.3% | -11.5% | ||
| Q2 25 | 10.7% | 21.0% | ||
| Q1 25 | -2.3% | -3.2% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 4.9% | 12.9% | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | 3.3% | — |
资本支出强度ACDCNESR
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.5% | 13.8% | ||
| Q2 25 | 9.3% | 9.1% | ||
| Q1 25 | 8.7% | 9.9% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 12.2% | 8.1% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 10.3% | — |
现金转化率ACDCNESR
| Q4 25 | — | — | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 6.48× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.43× | ||
| 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% |
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
