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TechnipFMC plc（FTI）与Cactus, Inc.（WHD）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Cactus, Inc.的9.6倍（$2.5B vs $261.2M）。Cactus, Inc.净利率更高（15.3% vs 9.6%，领先5.6%）。TechnipFMC plc同比增速更快（6.3% vs -4.0%）。过去两年TechnipFMC plc的营收复合增速更高（11.0% vs -2.4%）
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。
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。
FTI vs WHD — 直观对比
营收规模更大
FTI
是对方的9.6倍
$261.2M
营收增速更快
FTI
高出10.3%
-4.0%
净利率更高
WHD
高出5.6%
9.6%
两年增速更快
FTI
近两年复合增速
-2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $261.2M |
| 净利润 | $242.7M | $39.8M |
| 毛利率 | — | 36.2% |
| 营业利润率 | 12.6% | 22.9% |
| 净利率 | 9.6% | 15.3% |
| 营收同比 | 6.3% | -4.0% |
| 净利润同比 | 8.0% | -14.7% |
| 每股收益（稀释后） | $0.58 | — |
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FTIWHD
| Q4 25 | $2.5B | $261.2M | ||
| Q3 25 | $2.6B | $264.0M | ||
| Q2 25 | $2.5B | $273.6M | ||
| Q1 25 | $2.2B | $280.3M | ||
| Q4 24 | $2.4B | $272.1M | ||
| Q3 24 | $2.3B | $293.2M | ||
| Q2 24 | $2.3B | $290.4M | ||
| Q1 24 | $2.0B | $274.1M |
净利润FTIWHD
| Q4 25 | $242.7M | $39.8M | ||
| Q3 25 | $309.7M | $41.6M | ||
| Q2 25 | $269.5M | $40.3M | ||
| Q1 25 | $142.0M | $44.2M | ||
| Q4 24 | $224.7M | $46.7M | ||
| Q3 24 | $274.6M | $49.9M | ||
| Q2 24 | $186.5M | $49.8M | ||
| Q1 24 | $157.1M | $39.0M |
毛利率FTIWHD
| Q4 25 | — | 36.2% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | 23.1% | 36.6% | ||
| Q1 25 | 20.5% | 38.4% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | 21.2% | 39.2% | ||
| Q1 24 | 16.4% | 38.4% |
营业利润率FTIWHD
| Q4 25 | 12.6% | 22.9% | ||
| Q3 25 | 16.5% | 23.2% | ||
| Q2 25 | 15.9% | 22.2% | ||
| Q1 25 | 12.5% | 24.5% | ||
| Q4 24 | 11.3% | 25.9% | ||
| Q3 24 | 13.7% | 26.2% | ||
| Q2 24 | 13.3% | 27.5% | ||
| Q1 24 | 12.7% | 22.8% |
净利率FTIWHD
| Q4 25 | 9.6% | 15.3% | ||
| Q3 25 | 11.7% | 15.8% | ||
| Q2 25 | 10.6% | 14.7% | ||
| Q1 25 | 6.4% | 15.8% | ||
| Q4 24 | 9.5% | 17.2% | ||
| Q3 24 | 11.7% | 17.0% | ||
| Q2 24 | 8.0% | 17.2% | ||
| Q1 24 | 7.7% | 14.2% |
每股收益（稀释后）FTIWHD
| Q4 25 | $0.58 | — | ||
| Q3 25 | $0.75 | — | ||
| Q2 25 | $0.64 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.51 | — | ||
| Q3 24 | $0.63 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $0.35 | — |
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 | $123.6M |
| 总债务越低越好 | $430.0M | $0 |
| 股东权益账面价值 | $3.4B | $1.2B |
| 总资产 | $10.1B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.13× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FTIWHD
| Q4 25 | $1.0B | $123.6M | ||
| Q3 25 | $876.6M | $445.6M | ||
| Q2 25 | $950.0M | $405.2M | ||
| Q1 25 | $1.2B | $347.7M | ||
| Q4 24 | $1.2B | $342.8M | ||
| Q3 24 | — | $303.4M | ||
| Q2 24 | — | $246.5M | ||
| Q1 24 | — | $194.3M |
总债务FTIWHD
| Q4 25 | $430.0M | $0 | ||
| Q3 25 | $438.0M | $0 | ||
| Q2 25 | $696.3M | $0 | ||
| Q1 25 | $904.9M | $0 | ||
| Q4 24 | $885.2M | $0 | ||
| Q3 24 | $966.7M | $0 | ||
| Q2 24 | $968.4M | $0 | ||
| Q1 24 | $1.0B | $0 |
股东权益FTIWHD
| Q4 25 | $3.4B | $1.2B | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.3B | $1.1B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | $3.3B | $1.0B | ||
| Q2 24 | $3.0B | $954.7M | ||
| Q1 24 | $3.0B | $893.4M |
总资产FTIWHD
| Q4 25 | $10.1B | $1.9B | ||
| Q3 25 | $10.3B | $1.9B | ||
| Q2 25 | $10.1B | $1.8B | ||
| Q1 25 | $10.0B | $1.8B | ||
| Q4 24 | $9.9B | $1.7B | ||
| Q3 24 | $9.7B | $1.7B | ||
| Q2 24 | $9.2B | $1.6B | ||
| Q1 24 | $9.1B | $1.6B |
负债/权益比FTIWHD
| Q4 25 | 0.13× | 0.00× | ||
| Q3 25 | 0.13× | 0.00× | ||
| Q2 25 | 0.21× | 0.00× | ||
| Q1 25 | 0.29× | 0.00× | ||
| Q4 24 | 0.29× | 0.00× | ||
| Q3 24 | 0.30× | 0.00× | ||
| Q2 24 | 0.33× | 0.00× | ||
| Q1 24 | 0.34× | 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 | $453.6M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | — |
| 自由现金流率自由现金流/营收 | 14.3% | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 1.87× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流FTIWHD
| Q4 25 | $453.6M | $72.3M | ||
| Q3 25 | $525.1M | $61.8M | ||
| Q2 25 | $344.2M | $82.8M | ||
| Q1 25 | $441.7M | $41.5M | ||
| Q4 24 | $578.9M | $66.6M | ||
| Q3 24 | $277.9M | $85.3M | ||
| Q2 24 | $230.9M | $78.0M | ||
| Q1 24 | $-126.7M | $86.3M |
自由现金流FTIWHD
| Q4 25 | $359.1M | — | ||
| Q3 25 | $447.8M | — | ||
| Q2 25 | $260.6M | — | ||
| Q1 25 | $379.9M | — | ||
| Q4 24 | $452.7M | — | ||
| Q3 24 | $225.3M | — | ||
| Q2 24 | $180.1M | — | ||
| Q1 24 | $-178.7M | — |
自由现金流率FTIWHD
| Q4 25 | 14.3% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | -8.8% | — |
资本支出强度FTIWHD
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.5% | — |
现金转化率FTIWHD
| Q4 25 | 1.87× | 1.81× | ||
| Q3 25 | 1.70× | 1.48× | ||
| Q2 25 | 1.28× | 2.05× | ||
| Q1 25 | 3.11× | 0.94× | ||
| Q4 24 | 2.58× | 1.43× | ||
| Q3 24 | 1.01× | 1.71× | ||
| Q2 24 | 1.24× | 1.56× | ||
| Q1 24 | -0.81× | 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
FTI
| Services | $1.3B | 52% |
| Products | $1.1B | 44% |
| Other | $55.1M | 2% |
| Surface Technologies | $22.4M | 1% |
WHD
| Products | $201.4M | 77% |
| Other | $40.8M | 16% |
| Rental Revenue | $19.0M | 7% |
