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TechnipFMC plc（FTI）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
TechnipFMC plc的季度营收约是国民油井华高的1.1倍（$2.5B vs $2.3B）。TechnipFMC plc净利率更高（9.6% vs -3.4%，领先13.1%）。TechnipFMC plc同比增速更快（6.3% vs -1.3%）。国民油井华高自由现金流更多（$472.0M vs $359.1M）。过去两年TechnipFMC plc的营收复合增速更高（11.0% vs 2.8%）
TechnipFMC是一家注册地位于英国的全球能源服务商，兼具法国与美国企业背景，核心业务为油气领域提供专业技术与服务支持。公司由美国FMC科技与法国Technip于2016年宣布合并，2017年正式完成组建，业务覆盖全球主要能源市场。
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。
FTI vs NOV — 直观对比
营收规模更大
FTI
是对方的1.1倍
$2.3B
营收增速更快
FTI
高出7.7%
-1.3%
净利率更高
FTI
高出13.1%
-3.4%
自由现金流更多
NOV
多$112.9M
$359.1M
两年增速更快
FTI
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.3B |
| 净利润 | $242.7M | $-78.0M |
| 毛利率 | — | 20.3% |
| 营业利润率 | 12.6% | 4.0% |
| 净利率 | 9.6% | -3.4% |
| 营收同比 | 6.3% | -1.3% |
| 净利润同比 | 8.0% | -148.8% |
| 每股收益（稀释后） | $0.58 | $-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FTINOV
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.3B | $2.2B | ||
| Q2 24 | $2.3B | $2.2B | ||
| Q1 24 | $2.0B | $2.2B |
净利润FTINOV
| Q4 25 | $242.7M | $-78.0M | ||
| Q3 25 | $309.7M | $42.0M | ||
| Q2 25 | $269.5M | $108.0M | ||
| Q1 25 | $142.0M | $73.0M | ||
| Q4 24 | $224.7M | $160.0M | ||
| Q3 24 | $274.6M | $130.0M | ||
| Q2 24 | $186.5M | $226.0M | ||
| Q1 24 | $157.1M | $119.0M |
毛利率FTINOV
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | 23.1% | 20.4% | ||
| Q1 25 | 20.5% | 21.3% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | 21.2% | 26.6% | ||
| Q1 24 | 16.4% | 21.3% |
营业利润率FTINOV
| Q4 25 | 12.6% | 4.0% | ||
| Q3 25 | 16.5% | 4.9% | ||
| Q2 25 | 15.9% | 6.5% | ||
| Q1 25 | 12.5% | 7.2% | ||
| Q4 24 | 11.3% | 9.0% | ||
| Q3 24 | 13.7% | 8.9% | ||
| Q2 24 | 13.3% | 14.1% | ||
| Q1 24 | 12.7% | 7.5% |
净利率FTINOV
| Q4 25 | 9.6% | -3.4% | ||
| Q3 25 | 11.7% | 1.9% | ||
| Q2 25 | 10.6% | 4.9% | ||
| Q1 25 | 6.4% | 3.5% | ||
| Q4 24 | 9.5% | 6.9% | ||
| Q3 24 | 11.7% | 5.9% | ||
| Q2 24 | 8.0% | 10.2% | ||
| Q1 24 | 7.7% | 5.5% |
每股收益（稀释后）FTINOV
| Q4 25 | $0.58 | $-0.20 | ||
| Q3 25 | $0.75 | $0.11 | ||
| Q2 25 | $0.64 | $0.29 | ||
| Q1 25 | $0.33 | $0.19 | ||
| Q4 24 | $0.51 | $0.40 | ||
| Q3 24 | $0.63 | $0.33 | ||
| Q2 24 | $0.42 | $0.57 | ||
| Q1 24 | $0.35 | $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 | $1.0B | $1.6B |
| 总债务越低越好 | $430.0M | $1.7B |
| 股东权益账面价值 | $3.4B | $6.3B |
| 总资产 | $10.1B | $11.3B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资FTINOV
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $876.6M | $1.2B | ||
| Q2 25 | $950.0M | $1.1B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | — | $985.0M | ||
| Q2 24 | — | $827.0M | ||
| Q1 24 | — | $468.0M |
总债务FTINOV
| Q4 25 | $430.0M | $1.7B | ||
| Q3 25 | $438.0M | $1.7B | ||
| Q2 25 | $696.3M | $1.7B | ||
| Q1 25 | $904.9M | $1.7B | ||
| Q4 24 | $885.2M | $1.7B | ||
| Q3 24 | $966.7M | $1.7B | ||
| Q2 24 | $968.4M | $1.7B | ||
| Q1 24 | $1.0B | $1.8B |
股东权益FTINOV
| Q4 25 | $3.4B | $6.3B | ||
| Q3 25 | $3.3B | $6.5B | ||
| Q2 25 | $3.3B | $6.5B | ||
| Q1 25 | $3.1B | $6.4B | ||
| Q4 24 | $3.1B | $6.4B | ||
| Q3 24 | $3.3B | $6.5B | ||
| Q2 24 | $3.0B | $6.4B | ||
| Q1 24 | $3.0B | $6.2B |
总资产FTINOV
| Q4 25 | $10.1B | $11.3B | ||
| Q3 25 | $10.3B | $11.3B | ||
| Q2 25 | $10.1B | $11.4B | ||
| Q1 25 | $10.0B | $11.3B | ||
| Q4 24 | $9.9B | $11.4B | ||
| Q3 24 | $9.7B | $11.4B | ||
| Q2 24 | $9.2B | $11.3B | ||
| Q1 24 | $9.1B | $11.3B |
负债/权益比FTINOV
| Q4 25 | 0.13× | 0.27× | ||
| Q3 25 | 0.13× | 0.27× | ||
| Q2 25 | 0.21× | 0.27× | ||
| Q1 25 | 0.29× | 0.27× | ||
| Q4 24 | 0.29× | 0.27× | ||
| Q3 24 | 0.30× | 0.27× | ||
| Q2 24 | 0.33× | 0.27× | ||
| Q1 24 | 0.34× | 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 | $453.6M | $573.0M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $472.0M |
| 自由现金流率自由现金流/营收 | 14.3% | 20.7% |
| 资本支出强度资本支出/营收 | 3.8% | 4.4% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | $876.0M |
8季度趋势，按日历期对齐
经营现金流FTINOV
| Q4 25 | $453.6M | $573.0M | ||
| Q3 25 | $525.1M | $352.0M | ||
| Q2 25 | $344.2M | $191.0M | ||
| Q1 25 | $441.7M | $135.0M | ||
| Q4 24 | $578.9M | $591.0M | ||
| Q3 24 | $277.9M | $359.0M | ||
| Q2 24 | $230.9M | $432.0M | ||
| Q1 24 | $-126.7M | $-78.0M |
自由现金流FTINOV
| Q4 25 | $359.1M | $472.0M | ||
| Q3 25 | $447.8M | $245.0M | ||
| Q2 25 | $260.6M | $108.0M | ||
| Q1 25 | $379.9M | $51.0M | ||
| Q4 24 | $452.7M | $473.0M | ||
| Q3 24 | $225.3M | $277.0M | ||
| Q2 24 | $180.1M | $350.0M | ||
| Q1 24 | $-178.7M | $-147.0M |
自由现金流率FTINOV
| Q4 25 | 14.3% | 20.7% | ||
| Q3 25 | 16.9% | 11.3% | ||
| Q2 25 | 10.3% | 4.9% | ||
| Q1 25 | 17.0% | 2.4% | ||
| Q4 24 | 19.1% | 20.5% | ||
| Q3 24 | 9.6% | 12.6% | ||
| Q2 24 | 7.7% | 15.8% | ||
| Q1 24 | -8.8% | -6.8% |
资本支出强度FTINOV
| Q4 25 | 3.8% | 4.4% | ||
| Q3 25 | 2.9% | 4.9% | ||
| Q2 25 | 3.3% | 3.8% | ||
| Q1 25 | 2.8% | 4.0% | ||
| Q4 24 | 5.3% | 5.1% | ||
| Q3 24 | 2.2% | 3.7% | ||
| Q2 24 | 2.2% | 3.7% | ||
| Q1 24 | 2.5% | 3.2% |
现金转化率FTINOV
| Q4 25 | 1.87× | — | ||
| Q3 25 | 1.70× | 8.38× | ||
| Q2 25 | 1.28× | 1.77× | ||
| Q1 25 | 3.11× | 1.85× | ||
| Q4 24 | 2.58× | 3.69× | ||
| Q3 24 | 1.01× | 2.76× | ||
| Q2 24 | 1.24× | 1.91× | ||
| Q1 24 | -0.81× | -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
FTI
| Services | $1.3B | 52% |
| Products | $1.1B | 44% |
| Other | $55.1M | 2% |
| Surface Technologies | $22.4M | 1% |
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% |
