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Archrock, Inc.（AROC）与Kodiak Gas Services, Inc.（KGS）财务数据对比。点击上方公司名可切换其他公司
Archrock, Inc.的季度营收约是Kodiak Gas Services, Inc.的1.1倍（$377.1M vs $332.9M）。Archrock, Inc.净利率更高（31.0% vs 7.4%，领先23.6%）。Archrock, Inc.同比增速更快（15.5% vs 7.5%）。Kodiak Gas Services, Inc.自由现金流更多（$142.0M vs $126.7M）。过去两年Kodiak Gas Services, Inc.的营收复合增速更高（24.3% vs 18.5%）
Archrock, Inc. 是领先的天然气压缩服务及相关设备解决方案供应商，主要服务北美油气领域，核心业务涵盖压缩系统租赁、维护、售后支持及销售，覆盖上游生产、中游运输与天然气加工板块。
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
AROC vs KGS — 直观对比
营收规模更大
AROC
是对方的1.1倍
$332.9M
营收增速更快
AROC
高出8.0%
7.5%
净利率更高
AROC
高出23.6%
7.4%
自由现金流更多
KGS
多$15.4M
$126.7M
两年增速更快
KGS
近两年复合增速
18.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $377.1M | $332.9M |
| 净利润 | $116.8M | $24.6M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 39.4% | 26.1% |
| 净利率 | 31.0% | 7.4% |
| 营收同比 | 15.5% | 7.5% |
| 净利润同比 | 95.4% | 29.0% |
| 每股收益（稀释后） | $0.67 | $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AROCKGS
| Q4 25 | $377.1M | $332.9M | ||
| Q3 25 | $382.4M | $322.7M | ||
| Q2 25 | $383.2M | $322.8M | ||
| Q1 25 | $347.2M | $329.6M | ||
| Q4 24 | $326.4M | $309.5M | ||
| Q3 24 | $292.2M | $324.6M | ||
| Q2 24 | $270.5M | $309.7M | ||
| Q1 24 | $268.5M | $215.5M |
净利润AROCKGS
| Q4 25 | $116.8M | $24.6M | ||
| Q3 25 | $71.2M | $-14.0M | ||
| Q2 25 | $63.4M | $39.5M | ||
| Q1 25 | $70.8M | $30.4M | ||
| Q4 24 | $59.8M | $19.1M | ||
| Q3 24 | $37.5M | $-5.6M | ||
| Q2 24 | $34.4M | $6.2M | ||
| Q1 24 | $40.5M | $30.2M |
毛利率AROCKGS
| Q4 25 | 53.0% | — | ||
| Q3 25 | 48.5% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | 44.4% | 37.5% | ||
| Q2 24 | 41.5% | 36.5% | ||
| Q1 24 | 42.1% | 39.4% |
营业利润率AROCKGS
| Q4 25 | 39.4% | 26.1% | ||
| Q3 25 | 25.3% | 19.9% | ||
| Q2 25 | 22.5% | 30.9% | ||
| Q1 25 | 26.5% | 27.1% | ||
| Q4 24 | 24.0% | 22.3% | ||
| Q3 24 | 18.1% | 20.4% | ||
| Q2 24 | 17.6% | 17.5% | ||
| Q1 24 | 20.0% | 27.9% |
净利率AROCKGS
| Q4 25 | 31.0% | 7.4% | ||
| Q3 25 | 18.6% | -4.3% | ||
| Q2 25 | 16.6% | 12.2% | ||
| Q1 25 | 20.4% | 9.2% | ||
| Q4 24 | 18.3% | 6.2% | ||
| Q3 24 | 12.8% | -1.7% | ||
| Q2 24 | 12.7% | 2.0% | ||
| Q1 24 | 15.1% | 14.0% |
每股收益（稀释后）AROCKGS
| Q4 25 | $0.67 | $0.30 | ||
| Q3 25 | $0.40 | $-0.17 | ||
| Q2 25 | $0.36 | $0.43 | ||
| Q1 25 | $0.40 | $0.33 | ||
| Q4 24 | $0.35 | $0.18 | ||
| Q3 24 | $0.22 | $-0.07 | ||
| Q2 24 | $0.22 | $0.06 | ||
| Q1 24 | $0.26 | $0.39 |
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 | $1.6M | $3.2M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $1.5B | $1.2B |
| 总资产 | $4.3B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 2.12× |
8季度趋势，按日历期对齐
现金及短期投资AROCKGS
| Q4 25 | $1.6M | $3.2M | ||
| Q3 25 | $4.1M | $724.0K | ||
| Q2 25 | $5.9M | $5.4M | ||
| Q1 25 | $4.8M | $1.9M | ||
| Q4 24 | $4.4M | $4.8M | ||
| Q3 24 | $3.7M | $7.4M | ||
| Q2 24 | $919.0K | $3.9M | ||
| Q1 24 | $1.2M | $9.3M |
总债务AROCKGS
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | — |
股东权益AROCKGS
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $894.5M | $1.5B | ||
| Q1 24 | $882.1M | $1.1B |
总资产AROCKGS
| Q4 25 | $4.3B | $4.3B | ||
| Q3 25 | $4.4B | $4.4B | ||
| Q2 25 | $4.4B | $4.4B | ||
| Q1 25 | $4.0B | $4.4B | ||
| Q4 24 | $3.8B | $4.4B | ||
| Q3 24 | $3.8B | $4.5B | ||
| Q2 24 | $2.7B | $4.4B | ||
| Q1 24 | $2.7B | $3.3B |
负债/权益比AROCKGS
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.88× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.71× | ||
| Q1 24 | — | — |
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 | $214.5M | $194.9M |
| 自由现金流经营现金流 - 资本支出 | $126.7M | $142.0M |
| 自由现金流率自由现金流/营收 | 33.6% | 42.7% |
| 资本支出强度资本支出/营收 | 23.3% | 15.9% |
| 现金转化率经营现金流/净利润 | 1.84× | 7.91× |
| 过去12个月自由现金流最近4个季度 | $119.6M | $284.3M |
8季度趋势，按日历期对齐
经营现金流AROCKGS
| Q4 25 | $214.5M | $194.9M | ||
| Q3 25 | $164.5M | $113.4M | ||
| Q2 25 | $127.5M | $177.2M | ||
| Q1 25 | $115.6M | $114.3M | ||
| Q4 24 | $124.3M | $118.5M | ||
| Q3 24 | $96.9M | $36.9M | ||
| Q2 24 | $70.7M | $121.1M | ||
| Q1 24 | $137.7M | $51.5M |
自由现金流AROCKGS
| Q4 25 | $126.7M | $142.0M | ||
| Q3 25 | $29.5M | $10.9M | ||
| Q2 25 | $16.0M | $94.6M | ||
| Q1 25 | $-52.5M | $36.8M | ||
| Q4 24 | $26.4M | $45.2M | ||
| Q3 24 | $26.9M | $-49.7M | ||
| Q2 24 | $-20.6M | $4.0M | ||
| Q1 24 | $37.9M | $-8.6M |
自由现金流率AROCKGS
| Q4 25 | 33.6% | 42.7% | ||
| Q3 25 | 7.7% | 3.4% | ||
| Q2 25 | 4.2% | 29.3% | ||
| Q1 25 | -15.1% | 11.2% | ||
| Q4 24 | 8.1% | 14.6% | ||
| Q3 24 | 9.2% | -15.3% | ||
| Q2 24 | -7.6% | 1.3% | ||
| Q1 24 | 14.1% | -4.0% |
资本支出强度AROCKGS
| Q4 25 | 23.3% | 15.9% | ||
| Q3 25 | 35.3% | 31.7% | ||
| Q2 25 | 29.1% | 25.6% | ||
| Q1 25 | 48.4% | 23.5% | ||
| Q4 24 | 30.0% | 23.7% | ||
| Q3 24 | 24.0% | 26.7% | ||
| Q2 24 | 33.7% | 37.8% | ||
| Q1 24 | 37.2% | 27.9% |
现金转化率AROCKGS
| Q4 25 | 1.84× | 7.91× | ||
| Q3 25 | 2.31× | — | ||
| Q2 25 | 2.01× | 4.49× | ||
| Q1 25 | 1.63× | 3.76× | ||
| Q4 24 | 2.08× | 6.21× | ||
| Q3 24 | 2.58× | — | ||
| Q2 24 | 2.05× | 19.44× | ||
| Q1 24 | 3.40× | 1.70× |
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
AROC
| Horsepower Group Three | $112.6M | 30% |
| Horsepower Group Two | $108.5M | 29% |
| Horsepower Group One | $105.9M | 28% |
| Services | $32.9M | 9% |
| Over Counter Parts And Component Sales | $17.0M | 5% |
| Transferred At Point In Time | $1.4M | 0% |
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
