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FORUM ENERGY TECHNOLOGIES, INC.（FET）与Solaris Energy Infrastructure, Inc.（SEI）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Solaris Energy Infrastructure, Inc.的1.1倍（$202.2M vs $179.7M）。FORUM ENERGY TECHNOLOGIES, INC.净利率更高（1.0% vs -0.9%，领先1.9%）。Solaris Energy Infrastructure, Inc.同比增速更快（86.6% vs 0.6%）。FORUM ENERGY TECHNOLOGIES, INC.自由现金流更多（$20.9M vs $-158.6M）。过去两年Solaris Energy Infrastructure, Inc.的营收复合增速更高（62.7% 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。
AGL能源有限公司是澳大利亚上市企业，业务涵盖民用及商用电力、天然气的生产与零售，是国家电力市场三大零售商之一。作为澳大利亚最大的电力生产商，该公司同时也是该国最大的碳排放主体。
FET vs SEI — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $179.7M |
| 净利润 | $2.1M | $-1.7M |
| 毛利率 | 30.2% | — |
| 营业利润率 | 6.3% | 22.2% |
| 净利率 | 1.0% | -0.9% |
| 营收同比 | 0.6% | 86.6% |
| 净利润同比 | 102.0% | -126.5% |
| 每股收益（稀释后） | $0.25 | — |
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
| Q4 25 | $202.2M | $179.7M | ||
| Q3 25 | $196.2M | $166.8M | ||
| Q2 25 | $199.8M | $149.3M | ||
| Q1 25 | $193.3M | $126.3M | ||
| Q4 24 | $201.0M | $96.3M | ||
| Q3 24 | $207.8M | $75.0M | ||
| Q2 24 | $205.2M | $73.9M | ||
| Q1 24 | $202.4M | $67.9M |
| Q4 25 | $2.1M | $-1.7M | ||
| Q3 25 | $-20.6M | $14.6M | ||
| Q2 25 | $7.7M | $12.0M | ||
| Q1 25 | $1.1M | $5.3M | ||
| Q4 24 | $-103.5M | $6.3M | ||
| Q3 24 | $-14.8M | $-968.0K | ||
| Q2 24 | $-6.7M | $6.2M | ||
| Q1 24 | $-10.3M | $4.3M |
| Q4 25 | 30.2% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.6% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 31.5% | — |
| Q4 25 | 6.3% | 22.2% | ||
| Q3 25 | -3.1% | 22.7% | ||
| Q2 25 | 7.4% | 23.8% | ||
| Q1 25 | 4.6% | 17.5% | ||
| Q4 24 | -53.1% | 26.7% | ||
| Q3 24 | 4.3% | 7.0% | ||
| Q2 24 | 3.9% | 16.0% | ||
| Q1 24 | 1.6% | 14.7% |
| Q4 25 | 1.0% | -0.9% | ||
| Q3 25 | -10.5% | 8.7% | ||
| Q2 25 | 3.9% | 8.0% | ||
| Q1 25 | 0.6% | 4.2% | ||
| Q4 24 | -51.5% | 6.5% | ||
| Q3 24 | -7.1% | -1.3% | ||
| Q2 24 | -3.3% | 8.4% | ||
| Q1 24 | -5.1% | 6.4% |
| Q4 25 | $0.25 | — | ||
| Q3 25 | $-1.76 | — | ||
| Q2 25 | $0.61 | — | ||
| Q1 25 | $0.09 | — | ||
| 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 | $353.3M |
| 总债务越低越好 | $135.9M | $184.0M |
| 股东权益账面价值 | $291.1M | $564.3M |
| 总资产 | $752.5M | $2.1B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.33× |
8季度趋势，按日历期对齐
| Q4 25 | $34.7M | $353.3M | ||
| Q3 25 | $31.7M | $106.7M | ||
| Q2 25 | $39.0M | $99.6M | ||
| Q1 25 | $31.1M | $16.7M | ||
| Q4 24 | $44.7M | $114.3M | ||
| Q3 24 | $33.3M | $18.6M | ||
| Q2 24 | $31.8M | $5.1M | ||
| Q1 24 | $48.5M | $3.4M |
| Q4 25 | $135.9M | $184.0M | ||
| Q3 25 | $140.0M | $382.8M | ||
| Q2 25 | $159.3M | $386.2M | ||
| Q1 25 | $171.4M | $316.2M | ||
| Q4 24 | $188.4M | $315.7M | ||
| Q3 24 | $231.5M | $315.3M | ||
| Q2 24 | $252.9M | — | ||
| Q1 24 | $287.5M | — |
| Q4 25 | $291.1M | $564.3M | ||
| Q3 25 | $297.3M | $546.6M | ||
| Q2 25 | $334.2M | $399.1M | ||
| Q1 25 | $320.0M | $361.3M | ||
| Q4 24 | $319.9M | $355.6M | ||
| Q3 24 | $443.5M | $221.7M | ||
| Q2 24 | $442.0M | $204.6M | ||
| Q1 24 | $446.2M | $200.1M |
| Q4 25 | $752.5M | $2.1B | ||
| Q3 25 | $770.1M | $1.6B | ||
| Q2 25 | $810.1M | $1.5B | ||
| Q1 25 | $790.1M | $1.1B | ||
| Q4 24 | $816.0M | $1.1B | ||
| Q3 24 | $973.7M | $939.5M | ||
| Q2 24 | $976.8M | $457.8M | ||
| Q1 24 | $1.0B | $457.1M |
| Q4 25 | 0.47× | 0.33× | ||
| Q3 25 | 0.47× | 0.70× | ||
| Q2 25 | 0.48× | 0.97× | ||
| Q1 25 | 0.54× | 0.88× | ||
| Q4 24 | 0.59× | 0.89× | ||
| Q3 24 | 0.52× | 1.42× | ||
| 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 | $95.9M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $-158.6M |
| 自由现金流率自由现金流/营收 | 10.3% | -88.2% |
| 资本支出强度资本支出/营收 | 0.8% | 141.6% |
| 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 | $-437.7M |
8季度趋势，按日历期对齐
| Q4 25 | $22.4M | $95.9M | ||
| Q3 25 | $22.9M | $63.3M | ||
| Q2 25 | $15.8M | $24.2M | ||
| Q1 25 | $9.3M | $25.7M | ||
| Q4 24 | $38.5M | $13.1M | ||
| Q3 24 | $25.6M | $10.5M | ||
| Q2 24 | $23.1M | $18.9M | ||
| Q1 24 | $5.0M | $16.9M |
| Q4 25 | $20.9M | $-158.6M | ||
| Q3 25 | $21.5M | $462.0K | ||
| Q2 25 | $14.8M | $-160.9M | ||
| Q1 25 | $7.2M | $-118.6M | ||
| Q4 24 | $36.1M | $-113.6M | ||
| Q3 24 | $24.3M | $-47.2M | ||
| Q2 24 | $21.6M | $18.2M | ||
| Q1 24 | $2.1M | $13.5M |
| Q4 25 | 10.3% | -88.2% | ||
| Q3 25 | 10.9% | 0.3% | ||
| Q2 25 | 7.4% | -107.8% | ||
| Q1 25 | 3.7% | -93.9% | ||
| Q4 24 | 18.0% | -117.9% | ||
| Q3 24 | 11.7% | -63.0% | ||
| Q2 24 | 10.5% | 24.7% | ||
| Q1 24 | 1.0% | 19.9% |
| Q4 25 | 0.8% | 141.6% | ||
| Q3 25 | 0.7% | 37.6% | ||
| Q2 25 | 0.5% | 124.0% | ||
| Q1 25 | 1.1% | 114.2% | ||
| Q4 24 | 1.2% | 131.5% | ||
| Q3 24 | 0.6% | 77.0% | ||
| Q2 24 | 0.7% | 0.9% | ||
| Q1 24 | 1.4% | 4.9% |
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | 4.35× | ||
| Q2 25 | 2.05× | 2.02× | ||
| Q1 25 | 8.31× | 4.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.04× | ||
| Q1 24 | — | 3.91× |
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% |
SEI
| Solaris Power Solutions | $103.7M | 58% |
| Solaris Logistics Solutions | $76.1M | 42% |
