vs
ProFrac Holding Corp.（ACDC）与ProPetro Holding Corp.（PUMP）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ProPetro Holding Corp.的1.5倍（$436.5M vs $289.7M）。ProFrac Holding Corp.同比增速更快（-4.0% vs -9.6%）。ProPetro Holding Corp.自由现金流更多（$16.8M vs $12.9M）。过去两年ProFrac Holding Corp.的营收复合增速更高（-13.4% vs -15.5%）
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。
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
ACDC vs PUMP — 直观对比
营收规模更大
ACDC
是对方的1.5倍
$289.7M
营收增速更快
ACDC
高出5.6%
-9.6%
自由现金流更多
PUMP
多$3.9M
$12.9M
两年增速更快
ACDC
近两年复合增速
-15.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $289.7M |
| 净利润 | $-144.7M | — |
| 毛利率 | — | — |
| 营业利润率 | -24.9% | 2.1% |
| 净利率 | -33.2% | — |
| 营收同比 | -4.0% | -9.6% |
| 净利润同比 | -37.8% | — |
| 每股收益（稀释后） | $-0.83 | $0.01 |
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ACDCPUMP
| Q4 25 | $436.5M | $289.7M | ||
| Q3 25 | $403.1M | $293.9M | ||
| Q2 25 | $501.9M | $326.2M | ||
| Q1 25 | $600.3M | $359.4M | ||
| Q4 24 | $454.7M | $320.6M | ||
| Q3 24 | $575.3M | $360.9M | ||
| Q2 24 | $579.4M | $357.0M | ||
| Q1 24 | $581.5M | $405.8M |
净利润ACDCPUMP
| Q4 25 | $-144.7M | — | ||
| Q3 25 | $-100.9M | $-2.4M | ||
| Q2 25 | $-105.9M | $-7.2M | ||
| Q1 25 | $-17.5M | $9.6M | ||
| Q4 24 | $-105.0M | — | ||
| Q3 24 | $-45.2M | $-137.1M | ||
| Q2 24 | $-66.7M | $-3.7M | ||
| Q1 24 | $1.8M | $19.9M |
营业利润率ACDCPUMP
| Q4 25 | -24.9% | 2.1% | ||
| Q3 25 | -19.5% | -2.1% | ||
| Q2 25 | -10.8% | -1.0% | ||
| Q1 25 | 2.7% | 2.6% | ||
| Q4 24 | -10.3% | -5.8% | ||
| Q3 24 | -0.7% | -49.4% | ||
| Q2 24 | -8.5% | -0.1% | ||
| Q1 24 | 6.9% | 7.5% |
净利率ACDCPUMP
| Q4 25 | -33.2% | — | ||
| Q3 25 | -25.0% | -0.8% | ||
| Q2 25 | -21.1% | -2.2% | ||
| Q1 25 | -2.9% | 2.7% | ||
| Q4 24 | -23.1% | — | ||
| Q3 24 | -7.9% | -38.0% | ||
| Q2 24 | -11.5% | -1.0% | ||
| Q1 24 | 0.3% | 4.9% |
每股收益（稀释后）ACDCPUMP
| Q4 25 | $-0.83 | $0.01 | ||
| Q3 25 | $-0.60 | $-0.02 | ||
| Q2 25 | $-0.67 | $-0.07 | ||
| Q1 25 | $-0.12 | $0.09 | ||
| Q4 24 | $-0.67 | $-0.14 | ||
| Q3 24 | $-0.29 | $-1.32 | ||
| Q2 24 | $-0.42 | $-0.03 | ||
| Q1 24 | $0.00 | $0.18 |
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 | $91.3M |
| 总债务越低越好 | $832.7M | — |
| 股东权益账面价值 | $717.5M | $829.8M |
| 总资产 | $2.6B | $1.3B |
| 负债/权益比越低杠杆越低 | 1.16× | — |
8季度趋势，按日历期对齐
现金及短期投资ACDCPUMP
| Q4 25 | $22.9M | $91.3M | ||
| Q3 25 | $58.0M | $76.7M | ||
| Q2 25 | $26.0M | $83.0M | ||
| Q1 25 | $16.0M | $71.4M | ||
| Q4 24 | $14.8M | $58.3M | ||
| Q3 24 | $25.5M | $54.0M | ||
| Q2 24 | $24.0M | $74.7M | ||
| Q1 24 | $28.3M | $53.6M |
总债务ACDCPUMP
| Q4 25 | $832.7M | — | ||
| Q3 25 | $907.0M | — | ||
| Q2 25 | $941.9M | — | ||
| Q1 25 | $967.9M | — | ||
| Q4 24 | $936.1M | — | ||
| Q3 24 | $986.7M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $895.1M | — |
股东权益ACDCPUMP
| Q4 25 | $717.5M | $829.8M | ||
| Q3 25 | $862.0M | $826.2M | ||
| Q2 25 | $875.5M | $824.0M | ||
| Q1 25 | $988.1M | $826.5M | ||
| Q4 24 | $1.0B | $816.3M | ||
| Q3 24 | $1.1B | $833.0M | ||
| Q2 24 | $1.1B | $975.8M | ||
| Q1 24 | $1.2B | $998.2M |
总资产ACDCPUMP
| Q4 25 | $2.6B | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.8B | $1.2B | ||
| Q1 25 | $3.0B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $3.2B | $1.5B | ||
| Q1 24 | $3.0B | $1.2B |
负债/权益比ACDCPUMP
| Q4 25 | 1.16× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.93× | — | ||
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $16.8M |
| 自由现金流率自由现金流/营收 | 3.0% | 5.8% |
| 资本支出强度资本支出/营收 | 8.4% | 22.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $19.6M | $45.3M |
8季度趋势，按日历期对齐
经营现金流ACDCPUMP
| Q4 25 | $49.5M | $81.0M | ||
| Q3 25 | $900.0K | $41.7M | ||
| Q2 25 | $100.4M | $54.2M | ||
| Q1 25 | $38.7M | $54.7M | ||
| Q4 24 | $76.5M | $37.9M | ||
| Q3 24 | $98.2M | $34.7M | ||
| Q2 24 | $113.5M | $104.9M | ||
| Q1 24 | $79.1M | $74.8M |
自由现金流ACDCPUMP
| Q4 25 | $12.9M | $16.8M | ||
| Q3 25 | $-33.4M | $-2.4M | ||
| Q2 25 | $53.9M | $17.1M | ||
| Q1 25 | $-13.8M | $13.8M | ||
| Q4 24 | $13.3M | $10.0M | ||
| Q3 24 | $28.2M | $-6.0M | ||
| Q2 24 | $51.6M | $67.7M | ||
| Q1 24 | $19.2M | $40.2M |
自由现金流率ACDCPUMP
| Q4 25 | 3.0% | 5.8% | ||
| Q3 25 | -8.3% | -0.8% | ||
| Q2 25 | 10.7% | 5.2% | ||
| Q1 25 | -2.3% | 3.8% | ||
| Q4 24 | 2.9% | 3.1% | ||
| Q3 24 | 4.9% | -1.7% | ||
| Q2 24 | 8.9% | 19.0% | ||
| Q1 24 | 3.3% | 9.9% |
资本支出强度ACDCPUMP
| Q4 25 | 8.4% | 22.2% | ||
| Q3 25 | 8.5% | 15.0% | ||
| Q2 25 | 9.3% | 11.4% | ||
| Q1 25 | 8.7% | 11.4% | ||
| Q4 24 | 13.9% | 8.7% | ||
| Q3 24 | 12.2% | 11.3% | ||
| Q2 24 | 10.7% | 10.4% | ||
| Q1 24 | 10.3% | 8.5% |
现金转化率ACDCPUMP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 43.94× | 3.75× |
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% |
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
