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FORUM ENERGY TECHNOLOGIES, INC.（FET）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FORUM ENERGY TECHNOLOGIES, INC.的1.3倍（$261.2M vs $202.2M）。Cactus, Inc.净利率更高（15.3% vs 1.0%，领先14.2%）。FORUM ENERGY TECHNOLOGIES, INC.同比增速更快（0.6% vs -4.0%）。过去两年FORUM ENERGY TECHNOLOGIES, INC.的营收复合增速更高（-0.0% vs -2.4%）
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。
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。
FET vs WHD — 直观对比
营收规模更大
WHD
是对方的1.3倍
$202.2M
营收增速更快
FET
高出4.6%
-4.0%
净利率更高
WHD
高出14.2%
1.0%
两年增速更快
FET
近两年复合增速
-2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $261.2M |
| 净利润 | $2.1M | $39.8M |
| 毛利率 | 30.2% | 36.2% |
| 营业利润率 | 6.3% | 22.9% |
| 净利率 | 1.0% | 15.3% |
| 营收同比 | 0.6% | -4.0% |
| 净利润同比 | 102.0% | -14.7% |
| 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
营收FETWHD
| Q4 25 | $202.2M | $261.2M | ||
| Q3 25 | $196.2M | $264.0M | ||
| Q2 25 | $199.8M | $273.6M | ||
| Q1 25 | $193.3M | $280.3M | ||
| Q4 24 | $201.0M | $272.1M | ||
| Q3 24 | $207.8M | $293.2M | ||
| Q2 24 | $205.2M | $290.4M | ||
| Q1 24 | $202.4M | $274.1M |
净利润FETWHD
| Q4 25 | $2.1M | $39.8M | ||
| Q3 25 | $-20.6M | $41.6M | ||
| Q2 25 | $7.7M | $40.3M | ||
| Q1 25 | $1.1M | $44.2M | ||
| Q4 24 | $-103.5M | $46.7M | ||
| Q3 24 | $-14.8M | $49.9M | ||
| Q2 24 | $-6.7M | $49.8M | ||
| Q1 24 | $-10.3M | $39.0M |
毛利率FETWHD
| Q4 25 | 30.2% | 36.2% | ||
| Q3 25 | 20.5% | 36.8% | ||
| Q2 25 | 29.7% | 36.6% | ||
| Q1 25 | 30.2% | 38.4% | ||
| Q4 24 | 31.1% | 37.8% | ||
| Q3 24 | 31.6% | 39.0% | ||
| Q2 24 | 30.7% | 39.2% | ||
| Q1 24 | 31.5% | 38.4% |
营业利润率FETWHD
| Q4 25 | 6.3% | 22.9% | ||
| Q3 25 | -3.1% | 23.2% | ||
| Q2 25 | 7.4% | 22.2% | ||
| Q1 25 | 4.6% | 24.5% | ||
| Q4 24 | -53.1% | 25.9% | ||
| Q3 24 | 4.3% | 26.2% | ||
| Q2 24 | 3.9% | 27.5% | ||
| Q1 24 | 1.6% | 22.8% |
净利率FETWHD
| Q4 25 | 1.0% | 15.3% | ||
| Q3 25 | -10.5% | 15.8% | ||
| Q2 25 | 3.9% | 14.7% | ||
| Q1 25 | 0.6% | 15.8% | ||
| Q4 24 | -51.5% | 17.2% | ||
| Q3 24 | -7.1% | 17.0% | ||
| Q2 24 | -3.3% | 17.2% | ||
| Q1 24 | -5.1% | 14.2% |
每股收益（稀释后）FETWHD
| 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 | $123.6M |
| 总债务越低越好 | $135.9M | $0 |
| 股东权益账面价值 | $291.1M | $1.2B |
| 总资产 | $752.5M | $1.9B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FETWHD
| Q4 25 | $34.7M | $123.6M | ||
| Q3 25 | $31.7M | $445.6M | ||
| Q2 25 | $39.0M | $405.2M | ||
| Q1 25 | $31.1M | $347.7M | ||
| Q4 24 | $44.7M | $342.8M | ||
| Q3 24 | $33.3M | $303.4M | ||
| Q2 24 | $31.8M | $246.5M | ||
| Q1 24 | $48.5M | $194.3M |
总债务FETWHD
| Q4 25 | $135.9M | $0 | ||
| Q3 25 | $140.0M | $0 | ||
| Q2 25 | $159.3M | $0 | ||
| Q1 25 | $171.4M | $0 | ||
| Q4 24 | $188.4M | $0 | ||
| Q3 24 | $231.5M | $0 | ||
| Q2 24 | $252.9M | $0 | ||
| Q1 24 | $287.5M | $0 |
股东权益FETWHD
| Q4 25 | $291.1M | $1.2B | ||
| Q3 25 | $297.3M | $1.2B | ||
| Q2 25 | $334.2M | $1.1B | ||
| Q1 25 | $320.0M | $1.1B | ||
| Q4 24 | $319.9M | $1.1B | ||
| Q3 24 | $443.5M | $1.0B | ||
| Q2 24 | $442.0M | $954.7M | ||
| Q1 24 | $446.2M | $893.4M |
总资产FETWHD
| Q4 25 | $752.5M | $1.9B | ||
| Q3 25 | $770.1M | $1.9B | ||
| Q2 25 | $810.1M | $1.8B | ||
| Q1 25 | $790.1M | $1.8B | ||
| Q4 24 | $816.0M | $1.7B | ||
| Q3 24 | $973.7M | $1.7B | ||
| Q2 24 | $976.8M | $1.6B | ||
| Q1 24 | $1.0B | $1.6B |
负债/权益比FETWHD
| Q4 25 | 0.47× | 0.00× | ||
| Q3 25 | 0.47× | 0.00× | ||
| Q2 25 | 0.48× | 0.00× | ||
| Q1 25 | 0.54× | 0.00× | ||
| Q4 24 | 0.59× | 0.00× | ||
| Q3 24 | 0.52× | 0.00× | ||
| Q2 24 | 0.57× | 0.00× | ||
| Q1 24 | 0.64× | 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 | $22.4M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | — |
| 自由现金流率自由现金流/营收 | 10.3% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 10.83× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $64.4M | — |
8季度趋势，按日历期对齐
经营现金流FETWHD
| Q4 25 | $22.4M | $72.3M | ||
| Q3 25 | $22.9M | $61.8M | ||
| Q2 25 | $15.8M | $82.8M | ||
| Q1 25 | $9.3M | $41.5M | ||
| Q4 24 | $38.5M | $66.6M | ||
| Q3 24 | $25.6M | $85.3M | ||
| Q2 24 | $23.1M | $78.0M | ||
| Q1 24 | $5.0M | $86.3M |
自由现金流FETWHD
| Q4 25 | $20.9M | — | ||
| Q3 25 | $21.5M | — | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $7.2M | — | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | — | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $2.1M | — |
自由现金流率FETWHD
| Q4 25 | 10.3% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 1.0% | — |
资本支出强度FETWHD
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FETWHD
| Q4 25 | 10.83× | 1.81× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | 2.05× | 2.05× | ||
| Q1 25 | 8.31× | 0.94× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.71× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 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
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
WHD
| Products | $201.4M | 77% |
| Other | $40.8M | 16% |
| Rental Revenue | $19.0M | 7% |
