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DNOW Inc.（DNOW）与Drilling Tools International Corp（DTI）财务数据对比。点击上方公司名可切换其他公司
DNOW Inc.的季度营收约是Drilling Tools International Corp的24.9倍（$959.0M vs $38.5M）。Drilling Tools International Corp净利率更高（3.2% vs -16.8%，领先19.9%）。DNOW Inc.同比增速更快（68.0% vs -3.4%）。DNOW Inc.自由现金流更多（$76.0M vs $1.3M）。过去两年DNOW Inc.的营收复合增速更高（30.5% vs 2.1%）
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
Drilling Tools International Corp是一家领先的钻探工具供应商，面向油气勘探开采领域提供专用钻探设备、租赁服务及配套技术支持，主要服务北美及全球其他核心能源市场的陆上、海上钻井运营商与油田服务企业，助力提升钻探作业的效率与安全性。
DNOW vs DTI — 直观对比
营收规模更大
DNOW
是对方的24.9倍
$38.5M
营收增速更快
DNOW
高出71.3%
-3.4%
净利率更高
DTI
高出19.9%
-16.8%
自由现金流更多
DNOW
多$74.7M
$1.3M
两年增速更快
DNOW
近两年复合增速
2.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $38.5M |
| 净利润 | $-161.0M | $1.2M |
| 毛利率 | 5.2% | — |
| 营业利润率 | -19.6% | 2.9% |
| 净利率 | -16.8% | 3.2% |
| 营收同比 | 68.0% | -3.4% |
| 净利润同比 | -905.0% | 190.6% |
| 每股收益（稀释后） | $-1.42 | $0.04 |
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DNOWDTI
| Q4 25 | $959.0M | $38.5M | ||
| Q3 25 | $634.0M | $38.8M | ||
| Q2 25 | $628.0M | $39.4M | ||
| Q1 25 | $599.0M | $42.9M | ||
| Q4 24 | $571.0M | $39.8M | ||
| Q3 24 | $606.0M | $40.1M | ||
| Q2 24 | $633.0M | $37.5M | ||
| Q1 24 | $563.0M | $37.0M |
净利润DNOWDTI
| Q4 25 | $-161.0M | $1.2M | ||
| Q3 25 | $25.0M | $-903.0K | ||
| Q2 25 | $25.0M | $-2.4M | ||
| Q1 25 | $22.0M | $-1.7M | ||
| Q4 24 | $20.0M | $-1.3M | ||
| Q3 24 | $13.0M | $867.0K | ||
| Q2 24 | $24.0M | $365.0K | ||
| Q1 24 | $21.0M | $3.1M |
毛利率DNOWDTI
| Q4 25 | 5.2% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 23.2% | — | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 21.8% | — | ||
| Q1 24 | 22.9% | — |
营业利润率DNOWDTI
| Q4 25 | -19.6% | 2.9% | ||
| Q3 25 | 5.2% | -1.2% | ||
| Q2 25 | 5.1% | -4.2% | ||
| Q1 25 | 5.0% | 7.7% | ||
| Q4 24 | 4.4% | 4.5% | ||
| Q3 24 | 3.8% | 10.6% | ||
| Q2 24 | 5.2% | 6.0% | ||
| Q1 24 | 5.0% | 13.9% |
净利率DNOWDTI
| Q4 25 | -16.8% | 3.2% | ||
| Q3 25 | 3.9% | -2.3% | ||
| Q2 25 | 4.0% | -6.1% | ||
| Q1 25 | 3.7% | -3.9% | ||
| Q4 24 | 3.5% | -3.4% | ||
| Q3 24 | 2.1% | 2.2% | ||
| Q2 24 | 3.8% | 1.0% | ||
| Q1 24 | 3.7% | 8.5% |
每股收益（稀释后）DNOWDTI
| Q4 25 | $-1.42 | $0.04 | ||
| Q3 25 | $0.23 | $-0.03 | ||
| Q2 25 | $0.23 | $-0.07 | ||
| Q1 25 | $0.20 | $-0.05 | ||
| Q4 24 | $0.19 | $-0.06 | ||
| Q3 24 | $0.12 | $0.03 | ||
| Q2 24 | $0.21 | $0.01 | ||
| Q1 24 | $0.19 | $0.11 |
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 | $164.0M | $3.6M |
| 总债务越低越好 | $411.0M | $45.8M |
| 股东权益账面价值 | $2.2B | $122.9M |
| 总资产 | $3.9B | $222.2M |
| 负债/权益比越低杠杆越低 | 0.18× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资DNOWDTI
| Q4 25 | $164.0M | $3.6M | ||
| Q3 25 | $266.0M | $4.4M | ||
| Q2 25 | $232.0M | $1.1M | ||
| Q1 25 | $219.0M | $2.8M | ||
| Q4 24 | $256.0M | $6.2M | ||
| Q3 24 | $261.0M | $12.0M | ||
| Q2 24 | $197.0M | $6.8M | ||
| Q1 24 | $188.0M | $14.1M |
总债务DNOWDTI
| Q4 25 | $411.0M | $45.8M | ||
| Q3 25 | — | $51.3M | ||
| Q2 25 | — | $56.9M | ||
| Q1 25 | — | $54.9M | ||
| Q4 24 | $0 | $53.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DNOWDTI
| Q4 25 | $2.2B | $122.9M | ||
| Q3 25 | $1.2B | $121.1M | ||
| Q2 25 | $1.2B | $122.5M | ||
| Q1 25 | $1.1B | $122.7M | ||
| Q4 24 | $1.1B | $120.0M | ||
| Q3 24 | $1.1B | $-123.2M | ||
| Q2 24 | $1.1B | $92.8M | ||
| Q1 24 | $1.1B | $91.5M |
总资产DNOWDTI
| Q4 25 | $3.9B | $222.2M | ||
| Q3 25 | $1.7B | $227.4M | ||
| Q2 25 | $1.7B | $230.3M | ||
| Q1 25 | $1.7B | $233.2M | ||
| Q4 24 | $1.6B | $222.4M | ||
| Q3 24 | $1.6B | $218.8M | ||
| Q2 24 | $1.6B | $166.9M | ||
| Q1 24 | $1.6B | $167.0M |
负债/权益比DNOWDTI
| Q4 25 | 0.18× | 0.37× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.00× | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $83.0M | $5.3M |
| 自由现金流经营现金流 - 资本支出 | $76.0M | $1.3M |
| 自由现金流率自由现金流/营收 | 7.9% | 3.4% |
| 资本支出强度资本支出/营收 | 0.7% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 4.38× |
| 过去12个月自由现金流最近4个季度 | $134.0M | $-224.0K |
8季度趋势，按日历期对齐
经营现金流DNOWDTI
| Q4 25 | $83.0M | $5.3M | ||
| Q3 25 | $43.0M | $10.0M | ||
| Q2 25 | $45.0M | $2.2M | ||
| Q1 25 | $-16.0M | $2.4M | ||
| Q4 24 | $122.0M | $-3.7M | ||
| Q3 24 | $74.0M | $5.3M | ||
| Q2 24 | $21.0M | $1.1M | ||
| Q1 24 | $81.0M | $3.3M |
自由现金流DNOWDTI
| Q4 25 | $76.0M | $1.3M | ||
| Q3 25 | $39.0M | $6.4M | ||
| Q2 25 | $41.0M | $-5.4M | ||
| Q1 25 | $-22.0M | $-2.6M | ||
| Q4 24 | $119.0M | $-6.9M | ||
| Q3 24 | $72.0M | $2.0M | ||
| Q2 24 | $18.0M | $-9.0M | ||
| Q1 24 | $80.0M | $-2.9M |
自由现金流率DNOWDTI
| Q4 25 | 7.9% | 3.4% | ||
| Q3 25 | 6.2% | 16.5% | ||
| Q2 25 | 6.5% | -13.6% | ||
| Q1 25 | -3.7% | -6.1% | ||
| Q4 24 | 20.8% | -17.3% | ||
| Q3 24 | 11.9% | 4.9% | ||
| Q2 24 | 2.8% | -24.0% | ||
| Q1 24 | 14.2% | -7.9% |
资本支出强度DNOWDTI
| Q4 25 | 0.7% | 10.4% | ||
| Q3 25 | 0.6% | 9.1% | ||
| Q2 25 | 0.6% | 19.2% | ||
| Q1 25 | 1.0% | 11.8% | ||
| Q4 24 | 0.5% | 8.1% | ||
| Q3 24 | 0.3% | 8.4% | ||
| Q2 24 | 0.5% | 26.9% | ||
| Q1 24 | 0.2% | 16.8% |
现金转化率DNOWDTI
| Q4 25 | — | 4.38× | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | 6.10× | — | ||
| Q3 24 | 5.69× | 6.15× | ||
| Q2 24 | 0.88× | 2.96× | ||
| Q1 24 | 3.86× | 1.06× |
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
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
DTI
| Tool Rental | $30.4M | 79% |
| Products | $8.1M | 21% |
