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Archrock, Inc.（AROC）与Kinetik Holdings Inc.（KNTK）财务数据对比。点击上方公司名可切换其他公司
Kinetik Holdings Inc.的季度营收约是Archrock, Inc.的1.1倍（$430.4M vs $377.1M）。Kinetik Holdings Inc.净利率更高（96.8% vs 31.0%，领先65.8%）。Archrock, Inc.同比增速更快（15.5% vs 11.6%）。Archrock, Inc.自由现金流更多（$126.7M vs $-24.0M）。过去两年Archrock, Inc.的营收复合增速更高（18.5% vs 12.3%）
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。
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
AROC vs KNTK — 直观对比
营收规模更大
KNTK
是对方的1.1倍
$377.1M
营收增速更快
AROC
高出3.9%
11.6%
净利率更高
KNTK
高出65.8%
31.0%
自由现金流更多
AROC
多$150.7M
$-24.0M
两年增速更快
AROC
近两年复合增速
12.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $377.1M | $430.4M |
| 净利润 | $116.8M | $416.7M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 39.4% | 11.2% |
| 净利率 | 31.0% | 96.8% |
| 营收同比 | 15.5% | 11.6% |
| 净利润同比 | 95.4% | 2468.4% |
| 每股收益（稀释后） | $0.67 | $2.22 |
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AROCKNTK
| Q4 25 | $377.1M | $430.4M | ||
| Q3 25 | $382.4M | $464.0M | ||
| Q2 25 | $383.2M | $426.7M | ||
| Q1 25 | $347.2M | $443.3M | ||
| Q4 24 | $326.4M | $385.7M | ||
| Q3 24 | $292.2M | $396.4M | ||
| Q2 24 | $270.5M | $359.5M | ||
| Q1 24 | $268.5M | $341.4M |
净利润AROCKNTK
| Q4 25 | $116.8M | $416.7M | ||
| Q3 25 | $71.2M | $5.3M | ||
| Q2 25 | $63.4M | $23.6M | ||
| Q1 25 | $70.8M | $19.3M | ||
| Q4 24 | $59.8M | $16.2M | ||
| Q3 24 | $37.5M | $25.8M | ||
| Q2 24 | $34.4M | $37.2M | ||
| Q1 24 | $40.5M | $233.6M |
毛利率AROCKNTK
| Q4 25 | 53.0% | — | ||
| Q3 25 | 48.5% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | 44.4% | — | ||
| Q2 24 | 41.5% | — | ||
| Q1 24 | 42.1% | — |
营业利润率AROCKNTK
| Q4 25 | 39.4% | 11.2% | ||
| Q3 25 | 25.3% | 4.3% | ||
| Q2 25 | 22.5% | 18.2% | ||
| Q1 25 | 26.5% | 4.3% | ||
| Q4 24 | 24.0% | 6.1% | ||
| Q3 24 | 18.1% | 18.4% | ||
| Q2 24 | 17.6% | 15.7% | ||
| Q1 24 | 20.0% | 7.6% |
净利率AROCKNTK
| Q4 25 | 31.0% | 96.8% | ||
| Q3 25 | 18.6% | 1.1% | ||
| Q2 25 | 16.6% | 5.5% | ||
| Q1 25 | 20.4% | 4.3% | ||
| Q4 24 | 18.3% | 4.2% | ||
| Q3 24 | 12.8% | 6.5% | ||
| Q2 24 | 12.7% | 10.3% | ||
| Q1 24 | 15.1% | 68.4% |
每股收益（稀释后）AROCKNTK
| Q4 25 | $0.67 | $2.22 | ||
| Q3 25 | $0.40 | $0.03 | ||
| Q2 25 | $0.36 | $0.33 | ||
| Q1 25 | $0.40 | $0.05 | ||
| Q4 24 | $0.35 | $0.01 | ||
| Q3 24 | $0.22 | $0.35 | ||
| Q2 24 | $0.22 | $0.54 | ||
| Q1 24 | $0.26 | $0.12 |
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 | $4.0M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $1.5B | $-565.4M |
| 总资产 | $4.3B | $7.1B |
| 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AROCKNTK
| Q4 25 | $1.6M | $4.0M | ||
| Q3 25 | $4.1M | $7.7M | ||
| Q2 25 | $5.9M | $10.7M | ||
| Q1 25 | $4.8M | $8.8M | ||
| Q4 24 | $4.4M | $3.6M | ||
| Q3 24 | $3.7M | $20.4M | ||
| Q2 24 | $919.0K | $12.5M | ||
| Q1 24 | $1.2M | $9.8M |
总债务AROCKNTK
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.5B |
股东权益AROCKNTK
| Q4 25 | $1.5B | $-565.4M | ||
| Q3 25 | $1.4B | $-1.8B | ||
| Q2 25 | $1.4B | $-1.6B | ||
| Q1 25 | $1.3B | $-2.5B | ||
| Q4 24 | $1.3B | $-3.0B | ||
| Q3 24 | $1.3B | $-1.7B | ||
| Q2 24 | $894.5M | $-1.2B | ||
| Q1 24 | $882.1M | $-973.4M |
总资产AROCKNTK
| Q4 25 | $4.3B | $7.1B | ||
| Q3 25 | $4.4B | $7.2B | ||
| Q2 25 | $4.4B | $7.2B | ||
| Q1 25 | $4.0B | $7.0B | ||
| Q4 24 | $3.8B | $6.8B | ||
| Q3 24 | $3.8B | $6.9B | ||
| Q2 24 | $2.7B | $6.9B | ||
| Q1 24 | $2.7B | $6.4B |
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 | $110.1M |
| 自由现金流经营现金流 - 资本支出 | $126.7M | $-24.0M |
| 自由现金流率自由现金流/营收 | 33.6% | -5.6% |
| 资本支出强度资本支出/营收 | 23.3% | 31.2% |
| 现金转化率经营现金流/净利润 | 1.84× | 0.26× |
| 过去12个月自由现金流最近4个季度 | $119.6M | $111.6M |
8季度趋势，按日历期对齐
经营现金流AROCKNTK
| Q4 25 | $214.5M | $110.1M | ||
| Q3 25 | $164.5M | $188.1M | ||
| Q2 25 | $127.5M | $129.1M | ||
| Q1 25 | $115.6M | $176.8M | ||
| Q4 24 | $124.3M | $144.0M | ||
| Q3 24 | $96.9M | $214.1M | ||
| Q2 24 | $70.7M | $125.5M | ||
| Q1 24 | $137.7M | $153.7M |
自由现金流AROCKNTK
| Q4 25 | $126.7M | $-24.0M | ||
| Q3 25 | $29.5M | $31.6M | ||
| Q2 25 | $16.0M | $1.8M | ||
| Q1 25 | $-52.5M | $102.3M | ||
| Q4 24 | $26.4M | $36.3M | ||
| Q3 24 | $26.9M | $155.7M | ||
| Q2 24 | $-20.6M | $86.1M | ||
| Q1 24 | $37.9M | $95.7M |
自由现金流率AROCKNTK
| Q4 25 | 33.6% | -5.6% | ||
| Q3 25 | 7.7% | 6.8% | ||
| Q2 25 | 4.2% | 0.4% | ||
| Q1 25 | -15.1% | 23.1% | ||
| Q4 24 | 8.1% | 9.4% | ||
| Q3 24 | 9.2% | 39.3% | ||
| Q2 24 | -7.6% | 24.0% | ||
| Q1 24 | 14.1% | 28.0% |
资本支出强度AROCKNTK
| Q4 25 | 23.3% | 31.2% | ||
| Q3 25 | 35.3% | 33.7% | ||
| Q2 25 | 29.1% | 29.8% | ||
| Q1 25 | 48.4% | 16.8% | ||
| Q4 24 | 30.0% | 27.9% | ||
| Q3 24 | 24.0% | 14.7% | ||
| Q2 24 | 33.7% | 11.0% | ||
| Q1 24 | 37.2% | 17.0% |
现金转化率AROCKNTK
| Q4 25 | 1.84× | 0.26× | ||
| Q3 25 | 2.31× | 35.73× | ||
| Q2 25 | 2.01× | 5.46× | ||
| Q1 25 | 1.63× | 9.18× | ||
| Q4 24 | 2.08× | 8.88× | ||
| Q3 24 | 2.58× | 8.31× | ||
| Q2 24 | 2.05× | 3.37× | ||
| Q1 24 | 3.40× | 0.66× |
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% |
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
