vs
ProFrac Holding Corp.（ACDC）与Select Water Solutions, Inc.（WTTR）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Select Water Solutions, Inc.的1.3倍（$436.5M vs $346.5M）。Select Water Solutions, Inc.净利率更高（-0.1% vs -33.2%，领先33.1%）。Select Water Solutions, Inc.同比增速更快（-0.7% vs -4.0%）。ProFrac Holding Corp.自由现金流更多（$12.9M vs $-6.0M）。过去两年Select Water Solutions, Inc.的营收复合增速更高（-2.8% 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。
Select Water Solutions是一家专注于油气领域的水务及环保解决方案供应商，主要服务北美陆上油气开采市场，核心业务涵盖水资源获取、处理、回收、处置及化学品解决方案，可帮助客户降低运营成本、减少环境影响。
ACDC vs WTTR — 直观对比
营收规模更大
ACDC
是对方的1.3倍
$346.5M
营收增速更快
WTTR
高出3.3%
-4.0%
净利率更高
WTTR
高出33.1%
-33.2%
自由现金流更多
ACDC
多$18.9M
$-6.0M
两年增速更快
WTTR
近两年复合增速
-13.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $346.5M |
| 净利润 | $-144.7M | $-346.0K |
| 毛利率 | — | 13.1% |
| 营业利润率 | -24.9% | -0.1% |
| 净利率 | -33.2% | -0.1% |
| 营收同比 | -4.0% | -0.7% |
| 净利润同比 | -37.8% | 78.9% |
| 每股收益（稀释后） | $-0.83 | — |
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ACDCWTTR
| Q4 25 | $436.5M | $346.5M | ||
| Q3 25 | $403.1M | $322.2M | ||
| Q2 25 | $501.9M | $364.2M | ||
| Q1 25 | $600.3M | $374.4M | ||
| Q4 24 | $454.7M | $349.0M | ||
| Q3 24 | $575.3M | $371.3M | ||
| Q2 24 | $579.4M | $365.1M | ||
| Q1 24 | $581.5M | $366.5M |
净利润ACDCWTTR
| Q4 25 | $-144.7M | $-346.0K | ||
| Q3 25 | $-100.9M | $2.7M | ||
| Q2 25 | $-105.9M | $10.6M | ||
| Q1 25 | $-17.5M | $8.2M | ||
| Q4 24 | $-105.0M | $-1.6M | ||
| Q3 24 | $-45.2M | $15.8M | ||
| Q2 24 | $-66.7M | $12.9M | ||
| Q1 24 | $1.8M | $3.6M |
毛利率ACDCWTTR
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 16.5% | ||
| Q1 24 | — | 14.4% |
营业利润率ACDCWTTR
| Q4 25 | -24.9% | -0.1% | ||
| Q3 25 | -19.5% | -0.5% | ||
| Q2 25 | -10.8% | 4.2% | ||
| Q1 25 | 2.7% | 4.2% | ||
| Q4 24 | -10.3% | 0.7% | ||
| Q3 24 | -0.7% | 6.6% | ||
| Q2 24 | -8.5% | 5.6% | ||
| Q1 24 | 6.9% | 1.9% |
净利率ACDCWTTR
| Q4 25 | -33.2% | -0.1% | ||
| Q3 25 | -25.0% | 0.8% | ||
| Q2 25 | -21.1% | 2.9% | ||
| Q1 25 | -2.9% | 2.2% | ||
| Q4 24 | -23.1% | -0.5% | ||
| Q3 24 | -7.9% | 4.3% | ||
| Q2 24 | -11.5% | 3.5% | ||
| Q1 24 | 0.3% | 1.0% |
每股收益（稀释后）ACDCWTTR
| Q4 25 | $-0.83 | — | ||
| Q3 25 | $-0.60 | — | ||
| Q2 25 | $-0.67 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.67 | — | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $-0.42 | — | ||
| 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 | $18.1M |
| 总债务越低越好 | $832.7M | $320.0M |
| 股东权益账面价值 | $717.5M | $805.6M |
| 总资产 | $2.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.16× | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资ACDCWTTR
| Q4 25 | $22.9M | $18.1M | ||
| Q3 25 | $58.0M | $17.8M | ||
| Q2 25 | $26.0M | $51.2M | ||
| Q1 25 | $16.0M | $27.9M | ||
| Q4 24 | $14.8M | $20.0M | ||
| Q3 24 | $25.5M | $10.9M | ||
| Q2 24 | $24.0M | $16.4M | ||
| Q1 24 | $28.3M | $12.8M |
总债务ACDCWTTR
| Q4 25 | $832.7M | $320.0M | ||
| Q3 25 | $907.0M | $305.0M | ||
| Q2 25 | $941.9M | $275.0M | ||
| Q1 25 | $967.9M | $250.0M | ||
| Q4 24 | $936.1M | $85.0M | ||
| Q3 24 | $986.7M | $80.0M | ||
| Q2 24 | $1.0B | $90.0M | ||
| Q1 24 | $895.1M | $75.0M |
股东权益ACDCWTTR
| Q4 25 | $717.5M | $805.6M | ||
| Q3 25 | $862.0M | $808.1M | ||
| Q2 25 | $875.5M | $799.3M | ||
| Q1 25 | $988.1M | $793.1M | ||
| Q4 24 | $1.0B | $793.5M | ||
| Q3 24 | $1.1B | $796.5M | ||
| Q2 24 | $1.1B | $782.0M | ||
| Q1 24 | $1.2B | $770.0M |
总资产ACDCWTTR
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $3.0B | $1.3B |
负债/权益比ACDCWTTR
| Q4 25 | 1.16× | 0.40× | ||
| Q3 25 | 1.05× | 0.38× | ||
| Q2 25 | 1.08× | 0.34× | ||
| Q1 25 | 0.98× | 0.32× | ||
| Q4 24 | 0.93× | 0.11× | ||
| Q3 24 | 0.90× | 0.10× | ||
| Q2 24 | 0.88× | 0.12× | ||
| Q1 24 | 0.74× | 0.10× |
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 | $65.5M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $-6.0M |
| 自由现金流率自由现金流/营收 | 3.0% | -1.7% |
| 资本支出强度资本支出/营收 | 8.4% | 20.6% |
| 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 | $-79.9M |
8季度趋势，按日历期对齐
经营现金流ACDCWTTR
| Q4 25 | $49.5M | $65.5M | ||
| Q3 25 | $900.0K | $71.7M | ||
| Q2 25 | $100.4M | $82.6M | ||
| Q1 25 | $38.7M | $-5.1M | ||
| Q4 24 | $76.5M | $67.8M | ||
| Q3 24 | $98.2M | $51.9M | ||
| Q2 24 | $113.5M | $83.1M | ||
| Q1 24 | $79.1M | $32.1M |
自由现金流ACDCWTTR
| Q4 25 | $12.9M | $-6.0M | ||
| Q3 25 | $-33.4M | $-23.5M | ||
| Q2 25 | $53.9M | $3.2M | ||
| Q1 25 | $-13.8M | $-53.5M | ||
| Q4 24 | $13.3M | $12.7M | ||
| Q3 24 | $28.2M | $16.7M | ||
| Q2 24 | $51.6M | $34.0M | ||
| Q1 24 | $19.2M | $-1.6M |
自由现金流率ACDCWTTR
| Q4 25 | 3.0% | -1.7% | ||
| Q3 25 | -8.3% | -7.3% | ||
| Q2 25 | 10.7% | 0.9% | ||
| Q1 25 | -2.3% | -14.3% | ||
| Q4 24 | 2.9% | 3.6% | ||
| Q3 24 | 4.9% | 4.5% | ||
| Q2 24 | 8.9% | 9.3% | ||
| Q1 24 | 3.3% | -0.4% |
资本支出强度ACDCWTTR
| Q4 25 | 8.4% | 20.6% | ||
| Q3 25 | 8.5% | 29.6% | ||
| Q2 25 | 9.3% | 21.8% | ||
| Q1 25 | 8.7% | 12.9% | ||
| Q4 24 | 13.9% | 15.8% | ||
| Q3 24 | 12.2% | 9.5% | ||
| Q2 24 | 10.7% | 13.5% | ||
| Q1 24 | 10.3% | 9.2% |
现金转化率ACDCWTTR
| Q4 25 | — | — | ||
| Q3 25 | — | 26.72× | ||
| Q2 25 | — | 7.76× | ||
| Q1 25 | — | -0.61× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.46× | ||
| Q1 24 | 43.94× | 8.86× |
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% |
WTTR
| Water Services | $178.3M | 51% |
| Marcellus Utica | $38.6M | 11% |
| Rockies | $38.3M | 11% |
| Eagle Ford | $28.2M | 8% |
| Midcon | $23.0M | 7% |
| Haynesville E.Texas | $19.1M | 6% |
| Bakken | $17.3M | 5% |
| Eliminations And Other Geographical Regions | $3.6M | 1% |
