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Flowco Holdings Inc.（FLOC）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Flowco Holdings Inc.的3.1倍（$261.2M vs $85.6M）。Flowco Holdings Inc.净利率更高（20.1% vs 15.3%，领先4.9%）
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。
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。
FLOC vs WHD — 直观对比
营收规模更大
WHD
是对方的3.1倍
$85.6M
净利率更高
FLOC
高出4.9%
15.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $85.6M | $261.2M |
| 净利润 | $17.2M | $39.8M |
| 毛利率 | -4.8% | 36.2% |
| 营业利润率 | 49.0% | 22.9% |
| 净利率 | 20.1% | 15.3% |
| 营收同比 | — | -4.0% |
| 净利润同比 | — | -14.7% |
| 每股收益（稀释后） | $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FLOCWHD
| Q4 25 | $85.6M | $261.2M | ||
| Q3 25 | $70.0M | $264.0M | ||
| Q2 25 | $91.1M | $273.6M | ||
| Q1 25 | $95.1M | $280.3M | ||
| Q4 24 | — | $272.1M | ||
| Q3 24 | — | $293.2M | ||
| Q2 24 | — | $290.4M | ||
| Q1 24 | — | $274.1M |
净利润FLOCWHD
| Q4 25 | $17.2M | $39.8M | ||
| Q3 25 | $12.5M | $41.6M | ||
| Q2 25 | $5.5M | $40.3M | ||
| Q1 25 | $6.2M | $44.2M | ||
| Q4 24 | — | $46.7M | ||
| Q3 24 | — | $49.9M | ||
| Q2 24 | — | $49.8M | ||
| Q1 24 | — | $39.0M |
毛利率FLOCWHD
| Q4 25 | -4.8% | 36.2% | ||
| Q3 25 | -6.0% | 36.8% | ||
| Q2 25 | 1.0% | 36.6% | ||
| Q1 25 | 2.8% | 38.4% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 38.4% |
营业利润率FLOCWHD
| Q4 25 | 49.0% | 22.9% | ||
| Q3 25 | 49.4% | 23.2% | ||
| Q2 25 | 40.7% | 22.2% | ||
| Q1 25 | 37.2% | 24.5% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.5% | ||
| Q1 24 | — | 22.8% |
净利率FLOCWHD
| Q4 25 | 20.1% | 15.3% | ||
| Q3 25 | 17.9% | 15.8% | ||
| Q2 25 | 6.0% | 14.7% | ||
| Q1 25 | 6.5% | 15.8% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 17.0% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 14.2% |
每股收益（稀释后）FLOCWHD
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.32 | — | ||
| Q2 25 | $0.21 | — | ||
| Q1 25 | $0.24 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $4.5M | $123.6M |
| 总债务越低越好 | $167.8M | $0 |
| 股东权益账面价值 | $228.6M | $1.2B |
| 总资产 | $1.6B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.73× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FLOCWHD
| Q4 25 | $4.5M | $123.6M | ||
| Q3 25 | $7.2M | $445.6M | ||
| Q2 25 | $9.3M | $405.2M | ||
| Q1 25 | $687.0K | $347.7M | ||
| Q4 24 | — | $342.8M | ||
| Q3 24 | — | $303.4M | ||
| Q2 24 | — | $246.5M | ||
| Q1 24 | — | $194.3M |
总债务FLOCWHD
| Q4 25 | $167.8M | $0 | ||
| Q3 25 | $222.6M | $0 | ||
| Q2 25 | $167.1M | $0 | ||
| Q1 25 | $181.0M | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益FLOCWHD
| Q4 25 | $228.6M | $1.2B | ||
| Q3 25 | $371.0M | $1.2B | ||
| Q2 25 | $150.3M | $1.1B | ||
| Q1 25 | $-370.1M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $954.7M | ||
| Q1 24 | — | $893.4M |
总资产FLOCWHD
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.6B |
负债/权益比FLOCWHD
| Q4 25 | 0.73× | 0.00× | ||
| Q3 25 | 0.60× | 0.00× | ||
| Q2 25 | 1.11× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 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 | $87.2M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $63.2M | — |
| 自由现金流率自由现金流/营收 | 73.8% | — |
| 资本支出强度资本支出/营收 | 28.0% | — |
| 现金转化率经营现金流/净利润 | 5.06× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $167.1M | — |
8季度趋势，按日历期对齐
经营现金流FLOCWHD
| Q4 25 | $87.2M | $72.3M | ||
| Q3 25 | $82.5M | $61.8M | ||
| Q2 25 | $82.2M | $82.8M | ||
| Q1 25 | $42.5M | $41.5M | ||
| Q4 24 | — | $66.6M | ||
| Q3 24 | — | $85.3M | ||
| Q2 24 | — | $78.0M | ||
| Q1 24 | — | $86.3M |
自由现金流FLOCWHD
| Q4 25 | $63.2M | — | ||
| Q3 25 | $42.8M | — | ||
| Q2 25 | $46.4M | — | ||
| Q1 25 | $14.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率FLOCWHD
| Q4 25 | 73.8% | — | ||
| Q3 25 | 61.2% | — | ||
| Q2 25 | 50.9% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度FLOCWHD
| Q4 25 | 28.0% | — | ||
| Q3 25 | 56.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 29.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率FLOCWHD
| Q4 25 | 5.06× | 1.81× | ||
| Q3 25 | 6.59× | 1.48× | ||
| Q2 25 | 15.02× | 2.05× | ||
| Q1 25 | 6.89× | 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
FLOC
| Transferred Over Time | $65.1M | 76% |
| Natural Gas Production | $21.0M | 25% |
WHD
| Products | $201.4M | 77% |
| Other | $40.8M | 16% |
| Rental Revenue | $19.0M | 7% |
