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Applied Digital Corp.（APLD）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Ranger Energy Services, Inc.的季度营收约是Applied Digital Corp.的1.1倍（$142.2M vs $126.6M），Ranger Energy Services, Inc.净利率更高（2.3% vs -11.4%，领先13.7%），Applied Digital Corp.同比增速更快（98.2% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $-567.9M），过去两年Applied Digital Corp.的营收复合增速更高（70.9% vs 1.9%）
BAE系统旗下的国际防务与安全技术企业，专注于提供数字化解决方案，支持客户快速开展数据驱动决策，服务覆盖执法机构、国家安全部门、政府单位、关键基础设施运营商、电信企业、军方及航天领域。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
APLD vs RNGR — 直观对比
营收规模更大
RNGR
是对方的1.1倍
$126.6M
营收增速更快
APLD
高出98.8%
-0.6%
净利率更高
RNGR
高出13.7%
-11.4%
自由现金流更多
RNGR
多$585.0M
$-567.9M
两年增速更快
APLD
近两年复合增速
1.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $126.6M | $142.2M |
| 净利润 | $-14.4M | $3.2M |
| 毛利率 | 20.6% | — |
| 营业利润率 | -24.5% | 2.3% |
| 净利率 | -11.4% | 2.3% |
| 营收同比 | 98.2% | -0.6% |
| 净利润同比 | 89.6% | -44.8% |
| 每股收益（稀释后） | $-0.07 | $0.14 |
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APLDRNGR
| Q4 25 | $126.6M | $142.2M | ||
| Q3 25 | $64.2M | $128.9M | ||
| Q2 25 | $-33.3M | $140.6M | ||
| Q1 25 | $52.9M | $135.2M | ||
| Q4 24 | $63.9M | $143.1M | ||
| Q3 24 | $60.7M | $153.0M | ||
| Q2 24 | $43.7M | $138.1M | ||
| Q1 24 | $43.3M | $136.9M |
净利润APLDRNGR
| Q4 25 | $-14.4M | $3.2M | ||
| Q3 25 | $-16.9M | $1.2M | ||
| Q2 25 | $-52.5M | $7.3M | ||
| Q1 25 | $-35.6M | $600.0K | ||
| Q4 24 | $-138.7M | $5.8M | ||
| Q3 24 | $-4.2M | $8.7M | ||
| Q2 24 | $-64.5M | $4.7M | ||
| Q1 24 | $-62.8M | $-800.0K |
毛利率APLDRNGR
| Q4 25 | 20.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | -9.1% | — | ||
| Q1 24 | -8.6% | — |
营业利润率APLDRNGR
| Q4 25 | -24.5% | 2.3% | ||
| Q3 25 | -34.7% | 2.0% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | -35.8% | 0.7% | ||
| Q4 24 | -29.1% | 6.2% | ||
| Q3 24 | 15.6% | 8.4% | ||
| Q2 24 | -68.4% | 5.3% | ||
| Q1 24 | -128.8% | -0.4% |
净利率APLDRNGR
| Q4 25 | -11.4% | 2.3% | ||
| Q3 25 | -26.4% | 0.9% | ||
| Q2 25 | 157.8% | 5.2% | ||
| Q1 25 | -67.2% | 0.4% | ||
| Q4 24 | -217.2% | 4.1% | ||
| Q3 24 | -7.0% | 5.7% | ||
| Q2 24 | -147.5% | 3.4% | ||
| Q1 24 | -145.0% | -0.6% |
每股收益（稀释后）APLDRNGR
| Q4 25 | $-0.07 | $0.14 | ||
| Q3 25 | $-0.07 | $0.05 | ||
| Q2 25 | $-0.31 | $0.32 | ||
| Q1 25 | $-0.16 | $0.03 | ||
| Q4 24 | $-0.66 | $0.24 | ||
| Q3 24 | $-0.03 | $0.39 | ||
| Q2 24 | $-0.57 | $0.21 | ||
| Q1 24 | $-0.52 | $-0.03 |
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 | $1.9B | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $300.1M |
| 总资产 | $5.2B | $419.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APLDRNGR
| Q4 25 | $1.9B | $10.3M | ||
| Q3 25 | $73.9M | $45.2M | ||
| Q2 25 | $41.6M | $48.9M | ||
| Q1 25 | $68.7M | $40.3M | ||
| Q4 24 | $286.2M | $40.9M | ||
| Q3 24 | $58.2M | $14.8M | ||
| Q2 24 | $3.3M | $8.7M | ||
| Q1 24 | $4.4M | $11.1M |
总债务APLDRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益APLDRNGR
| Q4 25 | $1.4B | $300.1M | ||
| Q3 25 | $1.0B | $270.0M | ||
| Q2 25 | $497.7M | $276.9M | ||
| Q1 25 | $454.6M | $272.6M | ||
| Q4 24 | $434.6M | $273.8M | ||
| Q3 24 | $241.8M | $267.6M | ||
| Q2 24 | $124.8M | $260.5M | ||
| Q1 24 | $118.5M | $261.7M |
总资产APLDRNGR
| Q4 25 | $5.2B | $419.3M | ||
| Q3 25 | $2.4B | $372.8M | ||
| Q2 25 | $1.9B | $381.7M | ||
| Q1 25 | $1.7B | $376.5M | ||
| Q4 24 | $1.5B | $381.6M | ||
| Q3 24 | $937.7M | $373.9M | ||
| Q2 24 | $762.9M | $359.6M | ||
| Q1 24 | $643.2M | $355.5M |
负债/权益比APLDRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $-15.8M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $-567.9M | $17.1M |
| 自由现金流率自由现金流/营收 | -448.6% | 12.0% |
| 资本支出强度资本支出/营收 | 436.1% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $42.9M |
8季度趋势，按日历期对齐
经营现金流APLDRNGR
| Q4 25 | $-15.8M | $24.1M | ||
| Q3 25 | $-82.0M | $13.6M | ||
| Q2 25 | $6.9M | $20.7M | ||
| Q1 25 | $5.9M | $10.6M | ||
| Q4 24 | $-52.3M | $32.7M | ||
| Q3 24 | $-75.9M | $17.7M | ||
| Q2 24 | $-34.1M | $22.1M | ||
| Q1 24 | $38.8M | $12.0M |
自由现金流APLDRNGR
| Q4 25 | $-567.9M | $17.1M | ||
| Q3 25 | $-331.4M | $8.0M | ||
| Q2 25 | $-191.4M | $14.4M | ||
| Q1 25 | $-251.6M | $3.4M | ||
| Q4 24 | $-223.3M | $27.3M | ||
| Q3 24 | $-130.7M | $10.8M | ||
| Q2 24 | $-88.9M | $6.8M | ||
| Q1 24 | $-2.3M | $5.5M |
自由现金流率APLDRNGR
| Q4 25 | -448.6% | 12.0% | ||
| Q3 25 | -516.1% | 6.2% | ||
| Q2 25 | 574.8% | 10.2% | ||
| Q1 25 | -475.4% | 2.5% | ||
| Q4 24 | -349.6% | 19.1% | ||
| Q3 24 | -215.3% | 7.1% | ||
| Q2 24 | -203.5% | 4.9% | ||
| Q1 24 | -5.4% | 4.0% |
资本支出强度APLDRNGR
| Q4 25 | 436.1% | 4.9% | ||
| Q3 25 | 388.4% | 4.3% | ||
| Q2 25 | -595.4% | 4.5% | ||
| Q1 25 | 486.6% | 5.3% | ||
| Q4 24 | 267.8% | 3.8% | ||
| Q3 24 | 90.3% | 4.5% | ||
| Q2 24 | 125.4% | 11.1% | ||
| Q1 24 | 95.0% | 4.7% |
现金转化率APLDRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 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
APLD
| HPC Hosting Business | $85.0M | 67% |
| Data Center Hosting Business | $41.6M | 33% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
