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DNOW Inc.（DNOW）与PACS Group, Inc.（PACS）财务数据对比。点击上方公司名可切换其他公司
PACS Group, Inc.的季度营收约是DNOW Inc.的1.4倍（$1.4B vs $959.0M），PACS Group, Inc.净利率更高（4.4% vs -16.8%，领先21.2%），DNOW Inc.同比增速更快（68.0% vs 18.4%），过去两年DNOW Inc.的营收复合增速更高（30.5% vs 20.5%）
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。
DNOW vs PACS — 直观对比
营收规模更大
PACS
是对方的1.4倍
$959.0M
营收增速更快
DNOW
高出49.5%
18.4%
净利率更高
PACS
高出21.2%
-16.8%
两年增速更快
DNOW
近两年复合增速
20.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $1.4B |
| 净利润 | $-161.0M | $59.7M |
| 毛利率 | 5.2% | — |
| 营业利润率 | -19.6% | 7.0% |
| 净利率 | -16.8% | 4.4% |
| 营收同比 | 68.0% | 18.4% |
| 净利润同比 | -905.0% | 3022.5% |
| 每股收益（稀释后） | $-1.42 | $0.42 |
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DNOWPACS
| Q4 25 | $959.0M | $1.4B | ||
| Q3 25 | $634.0M | $1.3B | ||
| Q2 25 | $628.0M | $1.3B | ||
| Q1 25 | $599.0M | $1.3B | ||
| Q4 24 | $571.0M | $1.1B | ||
| Q3 24 | $606.0M | $1.0B | ||
| Q2 24 | $633.0M | $981.4M | ||
| Q1 24 | $563.0M | $934.3M |
净利润DNOWPACS
| Q4 25 | $-161.0M | $59.7M | ||
| Q3 25 | $25.0M | $52.4M | ||
| Q2 25 | $25.0M | $51.0M | ||
| Q1 25 | $22.0M | $28.5M | ||
| Q4 24 | $20.0M | $1.9M | ||
| Q3 24 | $13.0M | $15.6M | ||
| Q2 24 | $24.0M | $-10.9M | ||
| Q1 24 | $21.0M | $49.1M |
毛利率DNOWPACS
| Q4 25 | 5.2% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 23.2% | — | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 22.3% | 17.1% | ||
| Q2 24 | 21.8% | 22.3% | ||
| Q1 24 | 22.9% | 21.2% |
营业利润率DNOWPACS
| Q4 25 | -19.6% | 7.0% | ||
| Q3 25 | 5.2% | 6.4% | ||
| Q2 25 | 5.1% | 6.2% | ||
| Q1 25 | 5.0% | 3.8% | ||
| Q4 24 | 4.4% | 1.7% | ||
| Q3 24 | 3.8% | 2.2% | ||
| Q2 24 | 5.2% | 0.1% | ||
| Q1 24 | 5.0% | 8.6% |
净利率DNOWPACS
| Q4 25 | -16.8% | 4.4% | ||
| Q3 25 | 3.9% | 3.9% | ||
| Q2 25 | 4.0% | 3.9% | ||
| Q1 25 | 3.7% | 2.2% | ||
| Q4 24 | 3.5% | 0.2% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 3.8% | -1.1% | ||
| Q1 24 | 3.7% | 5.3% |
每股收益（稀释后）DNOWPACS
| Q4 25 | $-1.42 | $0.42 | ||
| Q3 25 | $0.23 | $0.32 | ||
| Q2 25 | $0.23 | $0.31 | ||
| Q1 25 | $0.20 | $0.17 | ||
| Q4 24 | $0.19 | $-0.03 | ||
| Q3 24 | $0.12 | $0.10 | ||
| Q2 24 | $0.21 | $-0.07 | ||
| Q1 24 | $0.19 | $0.38 |
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 | $197.0M |
| 总债务越低越好 | $411.0M | $353.2M |
| 股东权益账面价值 | $2.2B | $946.8M |
| 总资产 | $3.9B | $5.6B |
| 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DNOWPACS
| Q4 25 | $164.0M | $197.0M | ||
| Q3 25 | $266.0M | $355.7M | ||
| Q2 25 | $232.0M | $294.2M | ||
| Q1 25 | $219.0M | $287.5M | ||
| Q4 24 | $256.0M | $157.7M | ||
| Q3 24 | $261.0M | $49.5M | ||
| Q2 24 | $197.0M | $73.4M | ||
| Q1 24 | $188.0M | $81.2M |
总债务DNOWPACS
| Q4 25 | $411.0M | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DNOWPACS
| Q4 25 | $2.2B | $946.8M | ||
| Q3 25 | $1.2B | $871.3M | ||
| Q2 25 | $1.2B | $806.8M | ||
| Q1 25 | $1.1B | $750.2M | ||
| Q4 24 | $1.1B | $709.6M | ||
| Q3 24 | $1.1B | $660.0M | ||
| Q2 24 | $1.1B | $572.1M | ||
| Q1 24 | $1.1B | $128.0M |
总资产DNOWPACS
| Q4 25 | $3.9B | $5.6B | ||
| Q3 25 | $1.7B | $5.6B | ||
| Q2 25 | $1.7B | $5.5B | ||
| Q1 25 | $1.7B | $5.5B | ||
| Q4 24 | $1.6B | $5.2B | ||
| Q3 24 | $1.6B | $4.5B | ||
| Q2 24 | $1.6B | $3.9B | ||
| Q1 24 | $1.6B | $3.9B |
负债/权益比DNOWPACS
| Q4 25 | 0.18× | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 0.58× | ||
| 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 | $-3.4M |
| 自由现金流经营现金流 - 资本支出 | $76.0M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | — | -0.06× |
| 过去12个月自由现金流最近4个季度 | $134.0M | — |
8季度趋势，按日历期对齐
经营现金流DNOWPACS
| Q4 25 | $83.0M | $-3.4M | ||
| Q3 25 | $43.0M | $204.8M | ||
| Q2 25 | $45.0M | $52.6M | ||
| Q1 25 | $-16.0M | $150.2M | ||
| Q4 24 | $122.0M | $64.6M | ||
| Q3 24 | $74.0M | $209.2M | ||
| Q2 24 | $21.0M | $34.8M | ||
| Q1 24 | $81.0M | $58.8M |
自由现金流DNOWPACS
| Q4 25 | $76.0M | — | ||
| Q3 25 | $39.0M | — | ||
| Q2 25 | $41.0M | — | ||
| Q1 25 | $-22.0M | — | ||
| Q4 24 | $119.0M | — | ||
| Q3 24 | $72.0M | — | ||
| Q2 24 | $18.0M | — | ||
| Q1 24 | $80.0M | — |
自由现金流率DNOWPACS
| Q4 25 | 7.9% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | -3.7% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 14.2% | — |
资本支出强度DNOWPACS
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.2% | — |
现金转化率DNOWPACS
| Q4 25 | — | -0.06× | ||
| Q3 25 | 1.72× | 3.91× | ||
| Q2 25 | 1.80× | 1.03× | ||
| Q1 25 | -0.73× | 5.28× | ||
| Q4 24 | 6.10× | 33.78× | ||
| Q3 24 | 5.69× | 13.39× | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 3.86× | 1.20× |
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% |
PACS
暂无分部数据
