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FORUM ENERGY TECHNOLOGIES, INC.（FET）与国民油井华高（NOV）财务数据对比。点击上方公司名可切换其他公司
国民油井华高的季度营收约是FORUM ENERGY TECHNOLOGIES, INC.的11.3倍（$2.3B vs $202.2M）。FORUM ENERGY TECHNOLOGIES, INC.净利率更高（1.0% vs -3.4%，领先4.5%）。FORUM ENERGY TECHNOLOGIES, INC.同比增速更快（0.6% vs -1.3%）。国民油井华高自由现金流更多（$472.0M vs $20.9M）。过去两年国民油井华高的营收复合增速更高（2.8% vs -0.0%）
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。
NOV Inc.（前称国民油井华高）是总部位于美国得克萨斯州休斯顿的跨国企业，为上游油气行业提供钻探及生产作业所需的设备零部件、油田服务及供应链整合服务，在六大洲布局超500个运营点，下设能源设备、能源产品与服务两大业务板块。
FET vs NOV — 直观对比
营收规模更大
NOV
是对方的11.3倍
$202.2M
营收增速更快
FET
高出1.9%
-1.3%
净利率更高
FET
高出4.5%
-3.4%
自由现金流更多
NOV
多$451.1M
$20.9M
两年增速更快
NOV
近两年复合增速
-0.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $2.3B |
| 净利润 | $2.1M | $-78.0M |
| 毛利率 | 30.2% | 20.3% |
| 营业利润率 | 6.3% | 4.0% |
| 净利率 | 1.0% | -3.4% |
| 营收同比 | 0.6% | -1.3% |
| 净利润同比 | 102.0% | -148.8% |
| 每股收益（稀释后） | $0.25 | $-0.20 |
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FETNOV
| Q4 25 | $202.2M | $2.3B | ||
| Q3 25 | $196.2M | $2.2B | ||
| Q2 25 | $199.8M | $2.2B | ||
| Q1 25 | $193.3M | $2.1B | ||
| Q4 24 | $201.0M | $2.3B | ||
| Q3 24 | $207.8M | $2.2B | ||
| Q2 24 | $205.2M | $2.2B | ||
| Q1 24 | $202.4M | $2.2B |
净利润FETNOV
| Q4 25 | $2.1M | $-78.0M | ||
| Q3 25 | $-20.6M | $42.0M | ||
| Q2 25 | $7.7M | $108.0M | ||
| Q1 25 | $1.1M | $73.0M | ||
| Q4 24 | $-103.5M | $160.0M | ||
| Q3 24 | $-14.8M | $130.0M | ||
| Q2 24 | $-6.7M | $226.0M | ||
| Q1 24 | $-10.3M | $119.0M |
毛利率FETNOV
| Q4 25 | 30.2% | 20.3% | ||
| Q3 25 | 20.5% | 18.9% | ||
| Q2 25 | 29.7% | 20.4% | ||
| Q1 25 | 30.2% | 21.3% | ||
| Q4 24 | 31.1% | 21.4% | ||
| Q3 24 | 31.6% | 21.4% | ||
| Q2 24 | 30.7% | 26.6% | ||
| Q1 24 | 31.5% | 21.3% |
营业利润率FETNOV
| Q4 25 | 6.3% | 4.0% | ||
| Q3 25 | -3.1% | 4.9% | ||
| Q2 25 | 7.4% | 6.5% | ||
| Q1 25 | 4.6% | 7.2% | ||
| Q4 24 | -53.1% | 9.0% | ||
| Q3 24 | 4.3% | 8.9% | ||
| Q2 24 | 3.9% | 14.1% | ||
| Q1 24 | 1.6% | 7.5% |
净利率FETNOV
| Q4 25 | 1.0% | -3.4% | ||
| Q3 25 | -10.5% | 1.9% | ||
| Q2 25 | 3.9% | 4.9% | ||
| Q1 25 | 0.6% | 3.5% | ||
| Q4 24 | -51.5% | 6.9% | ||
| Q3 24 | -7.1% | 5.9% | ||
| Q2 24 | -3.3% | 10.2% | ||
| Q1 24 | -5.1% | 5.5% |
每股收益（稀释后）FETNOV
| Q4 25 | $0.25 | $-0.20 | ||
| Q3 25 | $-1.76 | $0.11 | ||
| Q2 25 | $0.61 | $0.29 | ||
| Q1 25 | $0.09 | $0.19 | ||
| Q4 24 | $-8.41 | $0.40 | ||
| Q3 24 | $-1.20 | $0.33 | ||
| Q2 24 | $-0.54 | $0.57 | ||
| Q1 24 | $-0.85 | $0.30 |
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 | $1.6B |
| 总债务越低越好 | $135.9M | $1.7B |
| 股东权益账面价值 | $291.1M | $6.3B |
| 总资产 | $752.5M | $11.3B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资FETNOV
| Q4 25 | $34.7M | $1.6B | ||
| Q3 25 | $31.7M | $1.2B | ||
| Q2 25 | $39.0M | $1.1B | ||
| Q1 25 | $31.1M | $1.2B | ||
| Q4 24 | $44.7M | $1.2B | ||
| Q3 24 | $33.3M | $985.0M | ||
| Q2 24 | $31.8M | $827.0M | ||
| Q1 24 | $48.5M | $468.0M |
总债务FETNOV
| Q4 25 | $135.9M | $1.7B | ||
| Q3 25 | $140.0M | $1.7B | ||
| Q2 25 | $159.3M | $1.7B | ||
| Q1 25 | $171.4M | $1.7B | ||
| Q4 24 | $188.4M | $1.7B | ||
| Q3 24 | $231.5M | $1.7B | ||
| Q2 24 | $252.9M | $1.7B | ||
| Q1 24 | $287.5M | $1.8B |
股东权益FETNOV
| Q4 25 | $291.1M | $6.3B | ||
| Q3 25 | $297.3M | $6.5B | ||
| Q2 25 | $334.2M | $6.5B | ||
| Q1 25 | $320.0M | $6.4B | ||
| Q4 24 | $319.9M | $6.4B | ||
| Q3 24 | $443.5M | $6.5B | ||
| Q2 24 | $442.0M | $6.4B | ||
| Q1 24 | $446.2M | $6.2B |
总资产FETNOV
| Q4 25 | $752.5M | $11.3B | ||
| Q3 25 | $770.1M | $11.3B | ||
| Q2 25 | $810.1M | $11.4B | ||
| Q1 25 | $790.1M | $11.3B | ||
| Q4 24 | $816.0M | $11.4B | ||
| Q3 24 | $973.7M | $11.4B | ||
| Q2 24 | $976.8M | $11.3B | ||
| Q1 24 | $1.0B | $11.3B |
负债/权益比FETNOV
| Q4 25 | 0.47× | 0.27× | ||
| Q3 25 | 0.47× | 0.27× | ||
| Q2 25 | 0.48× | 0.27× | ||
| Q1 25 | 0.54× | 0.27× | ||
| Q4 24 | 0.59× | 0.27× | ||
| Q3 24 | 0.52× | 0.27× | ||
| Q2 24 | 0.57× | 0.27× | ||
| Q1 24 | 0.64× | 0.29× |
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 | $573.0M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $472.0M |
| 自由现金流率自由现金流/营收 | 10.3% | 20.7% |
| 资本支出强度资本支出/营收 | 0.8% | 4.4% |
| 现金转化率经营现金流/净利润 | 10.83× | — |
| 过去12个月自由现金流最近4个季度 | $64.4M | $876.0M |
8季度趋势，按日历期对齐
经营现金流FETNOV
| Q4 25 | $22.4M | $573.0M | ||
| Q3 25 | $22.9M | $352.0M | ||
| Q2 25 | $15.8M | $191.0M | ||
| Q1 25 | $9.3M | $135.0M | ||
| Q4 24 | $38.5M | $591.0M | ||
| Q3 24 | $25.6M | $359.0M | ||
| Q2 24 | $23.1M | $432.0M | ||
| Q1 24 | $5.0M | $-78.0M |
自由现金流FETNOV
| Q4 25 | $20.9M | $472.0M | ||
| Q3 25 | $21.5M | $245.0M | ||
| Q2 25 | $14.8M | $108.0M | ||
| Q1 25 | $7.2M | $51.0M | ||
| Q4 24 | $36.1M | $473.0M | ||
| Q3 24 | $24.3M | $277.0M | ||
| Q2 24 | $21.6M | $350.0M | ||
| Q1 24 | $2.1M | $-147.0M |
自由现金流率FETNOV
| Q4 25 | 10.3% | 20.7% | ||
| Q3 25 | 10.9% | 11.3% | ||
| Q2 25 | 7.4% | 4.9% | ||
| Q1 25 | 3.7% | 2.4% | ||
| Q4 24 | 18.0% | 20.5% | ||
| Q3 24 | 11.7% | 12.6% | ||
| Q2 24 | 10.5% | 15.8% | ||
| Q1 24 | 1.0% | -6.8% |
资本支出强度FETNOV
| Q4 25 | 0.8% | 4.4% | ||
| Q3 25 | 0.7% | 4.9% | ||
| Q2 25 | 0.5% | 3.8% | ||
| Q1 25 | 1.1% | 4.0% | ||
| Q4 24 | 1.2% | 5.1% | ||
| Q3 24 | 0.6% | 3.7% | ||
| Q2 24 | 0.7% | 3.7% | ||
| Q1 24 | 1.4% | 3.2% |
现金转化率FETNOV
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | 8.38× | ||
| Q2 25 | 2.05× | 1.77× | ||
| Q1 25 | 8.31× | 1.85× | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | 2.76× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | -0.66× |
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% |
NOV
| Land And Offshore | $718.0M | 32% |
| Continental | $536.0M | 24% |
| Aftermarket | $483.0M | 21% |
| Capital Equipment | $319.0M | 14% |
| Product Sales | $168.0M | 7% |
| Intersegment Revenue | $33.0M | 1% |
