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Drilling Tools International Corp（DTI）与Cactus, Inc.（WHD）财务数据对比。点击上方公司名可切换其他公司
Cactus, Inc.的季度营收约是Drilling Tools International Corp的6.8倍（$261.2M vs $38.5M）。Cactus, Inc.净利率更高（15.3% vs 3.2%，领先12.1%）。Drilling Tools International Corp同比增速更快（-3.4% vs -4.0%）。过去两年Drilling Tools International Corp的营收复合增速更高（2.1% vs -2.4%）
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。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
DTI vs WHD — 直观对比
营收规模更大
WHD
是对方的6.8倍
$38.5M
营收增速更快
DTI
高出0.7%
-4.0%
净利率更高
WHD
高出12.1%
3.2%
两年增速更快
DTI
近两年复合增速
-2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $38.5M | $261.2M |
| 净利润 | $1.2M | $39.8M |
| 毛利率 | — | 36.2% |
| 营业利润率 | 2.9% | 22.9% |
| 净利率 | 3.2% | 15.3% |
| 营收同比 | -3.4% | -4.0% |
| 净利润同比 | 190.6% | -14.7% |
| 每股收益（稀释后） | $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DTIWHD
| Q4 25 | $38.5M | $261.2M | ||
| Q3 25 | $38.8M | $264.0M | ||
| Q2 25 | $39.4M | $273.6M | ||
| Q1 25 | $42.9M | $280.3M | ||
| Q4 24 | $39.8M | $272.1M | ||
| Q3 24 | $40.1M | $293.2M | ||
| Q2 24 | $37.5M | $290.4M | ||
| Q1 24 | $37.0M | $274.1M |
净利润DTIWHD
| Q4 25 | $1.2M | $39.8M | ||
| Q3 25 | $-903.0K | $41.6M | ||
| Q2 25 | $-2.4M | $40.3M | ||
| Q1 25 | $-1.7M | $44.2M | ||
| Q4 24 | $-1.3M | $46.7M | ||
| Q3 24 | $867.0K | $49.9M | ||
| Q2 24 | $365.0K | $49.8M | ||
| Q1 24 | $3.1M | $39.0M |
毛利率DTIWHD
| Q4 25 | — | 36.2% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 38.4% |
营业利润率DTIWHD
| Q4 25 | 2.9% | 22.9% | ||
| Q3 25 | -1.2% | 23.2% | ||
| Q2 25 | -4.2% | 22.2% | ||
| Q1 25 | 7.7% | 24.5% | ||
| Q4 24 | 4.5% | 25.9% | ||
| Q3 24 | 10.6% | 26.2% | ||
| Q2 24 | 6.0% | 27.5% | ||
| Q1 24 | 13.9% | 22.8% |
净利率DTIWHD
| Q4 25 | 3.2% | 15.3% | ||
| Q3 25 | -2.3% | 15.8% | ||
| Q2 25 | -6.1% | 14.7% | ||
| Q1 25 | -3.9% | 15.8% | ||
| Q4 24 | -3.4% | 17.2% | ||
| Q3 24 | 2.2% | 17.0% | ||
| Q2 24 | 1.0% | 17.2% | ||
| Q1 24 | 8.5% | 14.2% |
每股收益（稀释后）DTIWHD
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $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 | $3.6M | $123.6M |
| 总债务越低越好 | $45.8M | $0 |
| 股东权益账面价值 | $122.9M | $1.2B |
| 总资产 | $222.2M | $1.9B |
| 负债/权益比越低杠杆越低 | 0.37× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DTIWHD
| Q4 25 | $3.6M | $123.6M | ||
| Q3 25 | $4.4M | $445.6M | ||
| Q2 25 | $1.1M | $405.2M | ||
| Q1 25 | $2.8M | $347.7M | ||
| Q4 24 | $6.2M | $342.8M | ||
| Q3 24 | $12.0M | $303.4M | ||
| Q2 24 | $6.8M | $246.5M | ||
| Q1 24 | $14.1M | $194.3M |
总债务DTIWHD
| Q4 25 | $45.8M | $0 | ||
| Q3 25 | $51.3M | $0 | ||
| Q2 25 | $56.9M | $0 | ||
| Q1 25 | $54.9M | $0 | ||
| Q4 24 | $53.8M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益DTIWHD
| Q4 25 | $122.9M | $1.2B | ||
| Q3 25 | $121.1M | $1.2B | ||
| Q2 25 | $122.5M | $1.1B | ||
| Q1 25 | $122.7M | $1.1B | ||
| Q4 24 | $120.0M | $1.1B | ||
| Q3 24 | $-123.2M | $1.0B | ||
| Q2 24 | $92.8M | $954.7M | ||
| Q1 24 | $91.5M | $893.4M |
总资产DTIWHD
| Q4 25 | $222.2M | $1.9B | ||
| Q3 25 | $227.4M | $1.9B | ||
| Q2 25 | $230.3M | $1.8B | ||
| Q1 25 | $233.2M | $1.8B | ||
| Q4 24 | $222.4M | $1.7B | ||
| Q3 24 | $218.8M | $1.7B | ||
| Q2 24 | $166.9M | $1.6B | ||
| Q1 24 | $167.0M | $1.6B |
负债/权益比DTIWHD
| Q4 25 | 0.37× | 0.00× | ||
| Q3 25 | 0.42× | 0.00× | ||
| Q2 25 | 0.46× | 0.00× | ||
| Q1 25 | 0.45× | 0.00× | ||
| Q4 24 | 0.45× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $5.3M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $1.3M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 10.4% | — |
| 现金转化率经营现金流/净利润 | 4.38× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-224.0K | — |
8季度趋势，按日历期对齐
经营现金流DTIWHD
| Q4 25 | $5.3M | $72.3M | ||
| Q3 25 | $10.0M | $61.8M | ||
| Q2 25 | $2.2M | $82.8M | ||
| Q1 25 | $2.4M | $41.5M | ||
| Q4 24 | $-3.7M | $66.6M | ||
| Q3 24 | $5.3M | $85.3M | ||
| Q2 24 | $1.1M | $78.0M | ||
| Q1 24 | $3.3M | $86.3M |
自由现金流DTIWHD
| Q4 25 | $1.3M | — | ||
| Q3 25 | $6.4M | — | ||
| Q2 25 | $-5.4M | — | ||
| Q1 25 | $-2.6M | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $2.0M | — | ||
| Q2 24 | $-9.0M | — | ||
| Q1 24 | $-2.9M | — |
自由现金流率DTIWHD
| Q4 25 | 3.4% | — | ||
| Q3 25 | 16.5% | — | ||
| Q2 25 | -13.6% | — | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | -17.3% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | -24.0% | — | ||
| Q1 24 | -7.9% | — |
资本支出强度DTIWHD
| Q4 25 | 10.4% | — | ||
| Q3 25 | 9.1% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 26.9% | — | ||
| Q1 24 | 16.8% | — |
现金转化率DTIWHD
| Q4 25 | 4.38× | 1.81× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 6.15× | 1.71× | ||
| Q2 24 | 2.96× | 1.56× | ||
| Q1 24 | 1.06× | 2.21× |
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
DTI
| Tool Rental | $30.4M | 79% |
| Products | $8.1M | 21% |
WHD
| Products | $201.4M | 77% |
| Other | $40.8M | 16% |
| Rental Revenue | $19.0M | 7% |
