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贝克休斯（BKR）与冬海集团（SE）财务数据对比。点击上方公司名可切换其他公司
冬海集团的季度营收约是贝克休斯的3.5倍（$22.9B vs $6.6B），贝克休斯净利率更高（14.1% vs 7.0%，领先7.1%），冬海集团同比增速更快（363.4% vs 2.5%），过去两年冬海集团的营收复合增速更高（147.8% vs -3.9%）
贝克休斯是一家总部位于美国得克萨斯州休斯敦和英国伦敦的全球能源技术企业，也是全球规模最大的油田服务、工业及能源技术公司之一，业务覆盖120余个国家，为油气行业的勘探开采环节以及其他能源与工业应用场景提供产品和服务。
冬海集团（Sea Ltd）是总部位于新加坡的科技综合集团，于纽约证券交易所上市，2024年营收达168亿美元。旗下拥有游戏品牌Garena、数字金融服务品牌Monee，以及东南亚规模最大的电商平台Shopee，业务覆盖数字娱乐、金融科技、电子商务三大核心领域。
BKR vs SE — 直观对比
营收规模更大
SE
是对方的3.5倍
$6.6B
营收增速更快
SE
高出360.9%
2.5%
净利率更高
BKR
高出7.1%
7.0%
两年增速更快
SE
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.6B | $22.9B |
| 净利润 | $930.0M | $1.6B |
| 毛利率 | 22.8% | 44.7% |
| 营业利润率 | — | 8.7% |
| 净利率 | 14.1% | 7.0% |
| 营收同比 | 2.5% | 363.4% |
| 净利润同比 | 131.3% | — |
| 每股收益（稀释后） | $0.93 | $2.52 |
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BKRSE
| Q1 26 | $6.6B | — | ||
| Q4 25 | $7.4B | $22.9B | ||
| Q3 25 | $7.0B | $6.0B | ||
| Q2 25 | $6.9B | $5.3B | ||
| Q1 25 | $6.4B | $4.8B | ||
| Q4 24 | $7.4B | $5.0B | ||
| Q3 24 | $6.9B | $4.3B | ||
| Q2 24 | $7.1B | $3.8B |
净利润BKRSE
| Q1 26 | $930.0M | — | ||
| Q4 25 | $876.0M | $1.6B | ||
| Q3 25 | $609.0M | $375.0M | ||
| Q2 25 | $701.0M | $414.2M | ||
| Q1 25 | $402.0M | $-7.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $766.0M | — | ||
| Q2 24 | $579.0M | — |
毛利率BKRSE
| Q1 26 | 22.8% | — | ||
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率BKRSE
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 8.7% | ||
| Q3 25 | 11.7% | 8.0% | ||
| Q2 25 | 14.0% | 9.3% | ||
| Q1 25 | 8.7% | 9.4% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 11.7% | — |
净利率BKRSE
| Q1 26 | 14.1% | — | ||
| Q4 25 | 11.9% | 7.0% | ||
| Q3 25 | 8.7% | 6.3% | ||
| Q2 25 | 10.1% | 7.9% | ||
| Q1 25 | 6.3% | -0.2% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 8.1% | — |
每股收益（稀释后）BKRSE
| Q1 26 | $0.93 | — | ||
| Q4 25 | — | $2.52 | ||
| Q3 25 | — | $0.59 | ||
| Q2 25 | — | $0.65 | ||
| Q1 25 | — | $0.65 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $14.8B | $10.6B |
| 总债务越低越好 | $16.2B | — |
| 股东权益账面价值 | $19.5B | $12.6B |
| 总资产 | $50.9B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.83× | — |
8季度趋势，按日历期对齐
现金及短期投资BKRSE
| Q1 26 | $14.8B | — | ||
| Q4 25 | — | $10.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务BKRSE
| Q1 26 | $16.2B | — | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.0B | — | ||
| Q1 25 | $6.0B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.0B | — | ||
| Q2 24 | $5.9B | — |
股东权益BKRSE
| Q1 26 | $19.5B | — | ||
| Q4 25 | $18.8B | $12.6B | ||
| Q3 25 | $18.2B | — | ||
| Q2 25 | $17.7B | — | ||
| Q1 25 | $17.0B | — | ||
| Q4 24 | $16.9B | $8.4B | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $15.6B | — |
总资产BKRSE
| Q1 26 | $50.9B | — | ||
| Q4 25 | $40.9B | $29.4B | ||
| Q3 25 | $39.2B | — | ||
| Q2 25 | $38.7B | — | ||
| Q1 25 | $38.1B | — | ||
| Q4 24 | $38.4B | $22.6B | ||
| Q3 24 | $37.5B | — | ||
| Q2 24 | $36.7B | — |
负债/权益比BKRSE
| Q1 26 | 0.83× | — | ||
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.38× | — |
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 | — | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $210.0M | — |
| 自由现金流率自由现金流/营收 | 3.2% | — |
| 资本支出强度资本支出/营收 | 4.4% | — |
| 现金转化率经营现金流/净利润 | — | 3.12× |
| 过去12个月自由现金流最近4个季度 | $2.3B | — |
8季度趋势，按日历期对齐
经营现金流BKRSE
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $5.0B | ||
| Q3 25 | $929.0M | $3.5B | ||
| Q2 25 | $510.0M | $2.4B | ||
| Q1 25 | $709.0M | $756.9M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $348.0M | — |
自由现金流BKRSE
| Q1 26 | $210.0M | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $634.0M | — | ||
| Q2 25 | $209.0M | — | ||
| Q1 25 | $409.0M | — | ||
| Q4 24 | $837.0M | — | ||
| Q3 24 | $710.0M | — | ||
| Q2 24 | $56.0M | — |
自由现金流率BKRSE
| Q1 26 | 3.2% | — | ||
| Q4 25 | 17.4% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 0.8% | — |
资本支出强度BKRSE
| Q1 26 | 4.4% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BKRSE
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 3.12× | ||
| Q3 25 | 1.53× | 9.46× | ||
| Q2 25 | 0.73× | 5.73× | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 0.60× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
