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FORUM ENERGY TECHNOLOGIES, INC.（FET）与Flowco Holdings Inc.（FLOC）财务数据对比。点击上方公司名可切换其他公司
FORUM ENERGY TECHNOLOGIES, INC.的季度营收约是Flowco Holdings Inc.的2.4倍（$202.2M vs $85.6M）。Flowco Holdings Inc.净利率更高（20.1% vs 1.0%，领先19.1%）。Flowco Holdings Inc.自由现金流更多（$63.2M vs $20.9M）
Forum Energy Technologies是一家美国能源领域产品企业，面向全球油气及可再生能源行业，提供相关产品与配套服务，在能源产业链中为上下游客户供应专业配套解决方案。
Flowco Holdings Inc.是一家专业流量控制解决方案供应商，设计、生产及销售工业阀门、驱动系统、定制流量管理组件，核心服务油气开采、工业制造、水处理、公共基建等领域，主要市场覆盖北美及部分欧洲地区。
FET vs FLOC — 直观对比
营收规模更大
FET
是对方的2.4倍
$85.6M
净利率更高
FLOC
高出19.1%
1.0%
自由现金流更多
FLOC
多$42.3M
$20.9M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $85.6M |
| 净利润 | $2.1M | $17.2M |
| 毛利率 | 30.2% | -4.8% |
| 营业利润率 | 6.3% | 49.0% |
| 净利率 | 1.0% | 20.1% |
| 营收同比 | 0.6% | — |
| 净利润同比 | 102.0% | — |
| 每股收益（稀释后） | $0.25 | $0.47 |
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FETFLOC
| Q4 25 | $202.2M | $85.6M | ||
| Q3 25 | $196.2M | $70.0M | ||
| Q2 25 | $199.8M | $91.1M | ||
| Q1 25 | $193.3M | $95.1M | ||
| Q4 24 | $201.0M | — | ||
| Q3 24 | $207.8M | — | ||
| Q2 24 | $205.2M | — | ||
| Q1 24 | $202.4M | — |
净利润FETFLOC
| Q4 25 | $2.1M | $17.2M | ||
| Q3 25 | $-20.6M | $12.5M | ||
| Q2 25 | $7.7M | $5.5M | ||
| Q1 25 | $1.1M | $6.2M | ||
| Q4 24 | $-103.5M | — | ||
| Q3 24 | $-14.8M | — | ||
| Q2 24 | $-6.7M | — | ||
| Q1 24 | $-10.3M | — |
毛利率FETFLOC
| Q4 25 | 30.2% | -4.8% | ||
| Q3 25 | 20.5% | -6.0% | ||
| Q2 25 | 29.7% | 1.0% | ||
| Q1 25 | 30.2% | 2.8% | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.6% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 31.5% | — |
营业利润率FETFLOC
| Q4 25 | 6.3% | 49.0% | ||
| Q3 25 | -3.1% | 49.4% | ||
| Q2 25 | 7.4% | 40.7% | ||
| Q1 25 | 4.6% | 37.2% | ||
| Q4 24 | -53.1% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 1.6% | — |
净利率FETFLOC
| Q4 25 | 1.0% | 20.1% | ||
| Q3 25 | -10.5% | 17.9% | ||
| Q2 25 | 3.9% | 6.0% | ||
| Q1 25 | 0.6% | 6.5% | ||
| Q4 24 | -51.5% | — | ||
| Q3 24 | -7.1% | — | ||
| Q2 24 | -3.3% | — | ||
| Q1 24 | -5.1% | — |
每股收益（稀释后）FETFLOC
| Q4 25 | $0.25 | $0.47 | ||
| Q3 25 | $-1.76 | $0.32 | ||
| Q2 25 | $0.61 | $0.21 | ||
| Q1 25 | $0.09 | $0.24 | ||
| Q4 24 | $-8.41 | — | ||
| Q3 24 | $-1.20 | — | ||
| Q2 24 | $-0.54 | — | ||
| Q1 24 | $-0.85 | — |
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 | $34.7M | $4.5M |
| 总债务越低越好 | $135.9M | $167.8M |
| 股东权益账面价值 | $291.1M | $228.6M |
| 总资产 | $752.5M | $1.6B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资FETFLOC
| Q4 25 | $34.7M | $4.5M | ||
| Q3 25 | $31.7M | $7.2M | ||
| Q2 25 | $39.0M | $9.3M | ||
| Q1 25 | $31.1M | $687.0K | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $33.3M | — | ||
| Q2 24 | $31.8M | — | ||
| Q1 24 | $48.5M | — |
总债务FETFLOC
| Q4 25 | $135.9M | $167.8M | ||
| Q3 25 | $140.0M | $222.6M | ||
| Q2 25 | $159.3M | $167.1M | ||
| Q1 25 | $171.4M | $181.0M | ||
| Q4 24 | $188.4M | — | ||
| Q3 24 | $231.5M | — | ||
| Q2 24 | $252.9M | — | ||
| Q1 24 | $287.5M | — |
股东权益FETFLOC
| Q4 25 | $291.1M | $228.6M | ||
| Q3 25 | $297.3M | $371.0M | ||
| Q2 25 | $334.2M | $150.3M | ||
| Q1 25 | $320.0M | $-370.1M | ||
| Q4 24 | $319.9M | — | ||
| Q3 24 | $443.5M | — | ||
| Q2 24 | $442.0M | — | ||
| Q1 24 | $446.2M | — |
总资产FETFLOC
| Q4 25 | $752.5M | $1.6B | ||
| Q3 25 | $770.1M | $1.7B | ||
| Q2 25 | $810.1M | $1.6B | ||
| Q1 25 | $790.1M | $1.6B | ||
| Q4 24 | $816.0M | — | ||
| Q3 24 | $973.7M | — | ||
| Q2 24 | $976.8M | — | ||
| Q1 24 | $1.0B | — |
负债/权益比FETFLOC
| Q4 25 | 0.47× | 0.73× | ||
| Q3 25 | 0.47× | 0.60× | ||
| Q2 25 | 0.48× | 1.11× | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.52× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $22.4M | $87.2M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $63.2M |
| 自由现金流率自由现金流/营收 | 10.3% | 73.8% |
| 资本支出强度资本支出/营收 | 0.8% | 28.0% |
| 现金转化率经营现金流/净利润 | 10.83× | 5.06× |
| 过去12个月自由现金流最近4个季度 | $64.4M | $167.1M |
8季度趋势，按日历期对齐
经营现金流FETFLOC
| Q4 25 | $22.4M | $87.2M | ||
| Q3 25 | $22.9M | $82.5M | ||
| Q2 25 | $15.8M | $82.2M | ||
| Q1 25 | $9.3M | $42.5M | ||
| Q4 24 | $38.5M | — | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $23.1M | — | ||
| Q1 24 | $5.0M | — |
自由现金流FETFLOC
| Q4 25 | $20.9M | $63.2M | ||
| Q3 25 | $21.5M | $42.8M | ||
| Q2 25 | $14.8M | $46.4M | ||
| Q1 25 | $7.2M | $14.7M | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | — | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $2.1M | — |
自由现金流率FETFLOC
| Q4 25 | 10.3% | 73.8% | ||
| Q3 25 | 10.9% | 61.2% | ||
| Q2 25 | 7.4% | 50.9% | ||
| Q1 25 | 3.7% | 15.5% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 1.0% | — |
资本支出强度FETFLOC
| Q4 25 | 0.8% | 28.0% | ||
| Q3 25 | 0.7% | 56.7% | ||
| Q2 25 | 0.5% | 39.3% | ||
| Q1 25 | 1.1% | 29.3% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FETFLOC
| Q4 25 | 10.83× | 5.06× | ||
| Q3 25 | — | 6.59× | ||
| Q2 25 | 2.05× | 15.02× | ||
| Q1 25 | 8.31× | 6.89× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
FLOC
| Transferred Over Time | $65.1M | 76% |
| Natural Gas Production | $21.0M | 25% |
