vs
Hyperscale Data, Inc.（GPUS）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
国民油井华高的季度营收约是Hyperscale Data, Inc.的84.6倍（$2.3B vs $26.9M）。国民油井华高净利率更高（-3.4% vs -112.0%，领先108.5%）。Hyperscale Data, Inc.同比增速更快（38.4% vs -1.3%）。国民油井华高自由现金流更多（$472.0M vs $-56.2M）。过去两年国民油井华高的营收复合增速更高（2.8% vs -16.3%）
Hyperscale Data, Inc.主要提供GPU加速计算基础设施及云解决方案，服务于AI开发、大数据处理、高性能计算领域，客户覆盖北美及亚太地区的AI初创企业、大型科技公司与云服务提供商，为复杂数据处理需求交付可扩展的高效计算资源。
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。
GPUS vs NOV — 直观对比
营收规模更大
NOV
是对方的84.6倍
$26.9M
营收增速更快
GPUS
高出39.7%
-1.3%
净利率更高
NOV
高出108.5%
-112.0%
自由现金流更多
NOV
多$528.2M
$-56.2M
两年增速更快
NOV
近两年复合增速
-16.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $26.9M | $2.3B |
| 净利润 | $-30.1M | $-78.0M |
| 毛利率 | 14.5% | 20.3% |
| 营业利润率 | -117.8% | 4.0% |
| 净利率 | -112.0% | -3.4% |
| 营收同比 | 38.4% | -1.3% |
| 净利润同比 | -6670.3% | -148.8% |
| 每股收益（稀释后） | — | $-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GPUSNOV
| Q4 25 | $26.9M | $2.3B | ||
| Q3 25 | $24.3M | $2.2B | ||
| Q2 25 | $25.9M | $2.2B | ||
| Q1 25 | $25.0M | $2.1B | ||
| Q4 24 | $19.4M | $2.3B | ||
| Q3 24 | $31.1M | $2.2B | ||
| Q2 24 | $17.8M | $2.2B | ||
| Q1 24 | $38.4M | $2.2B |
净利润GPUSNOV
| Q4 25 | $-30.1M | $-78.0M | ||
| Q3 25 | $-13.0M | $42.0M | ||
| Q2 25 | $-19.1M | $108.0M | ||
| Q1 25 | $-4.2M | $73.0M | ||
| Q4 24 | $-445.0K | $160.0M | ||
| Q3 24 | $-25.5M | $130.0M | ||
| Q2 24 | $-33.9M | $226.0M | ||
| Q1 24 | $3.7M | $119.0M |
毛利率GPUSNOV
| Q4 25 | 14.5% | 20.3% | ||
| Q3 25 | 25.8% | 18.9% | ||
| Q2 25 | 23.7% | 20.4% | ||
| Q1 25 | 21.1% | 21.3% | ||
| Q4 24 | 6.5% | 21.4% | ||
| Q3 24 | 27.5% | 21.4% | ||
| Q2 24 | -21.3% | 26.6% | ||
| Q1 24 | 47.4% | 21.3% |
营业利润率GPUSNOV
| Q4 25 | -117.8% | 4.0% | ||
| Q3 25 | -57.8% | 4.9% | ||
| Q2 25 | -39.2% | 6.5% | ||
| Q1 25 | -25.5% | 7.2% | ||
| Q4 24 | -46.8% | 9.0% | ||
| Q3 24 | -79.2% | 8.9% | ||
| Q2 24 | -151.4% | 14.1% | ||
| Q1 24 | 9.5% | 7.5% |
净利率GPUSNOV
| Q4 25 | -112.0% | -3.4% | ||
| Q3 25 | -53.5% | 1.9% | ||
| Q2 25 | -73.7% | 4.9% | ||
| Q1 25 | -16.8% | 3.5% | ||
| Q4 24 | -2.3% | 6.9% | ||
| Q3 24 | -82.3% | 5.9% | ||
| Q2 24 | -190.7% | 10.2% | ||
| Q1 24 | 9.7% | 5.5% |
每股收益（稀释后）GPUSNOV
| Q4 25 | — | $-0.20 | ||
| Q3 25 | $-0.39 | $0.11 | ||
| Q2 25 | $-2.66 | $0.29 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | $-8.78 | $0.40 | ||
| Q3 24 | $-24.82 | $0.33 | ||
| Q2 24 | $-37.81 | $0.57 | ||
| Q1 24 | $3.32 | $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 | $13.1M | $1.6B |
| 总债务越低越好 | $83.1M | $1.7B |
| 股东权益账面价值 | $119.8M | $6.3B |
| 总资产 | $313.7M | $11.3B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资GPUSNOV
| Q4 25 | $13.1M | $1.6B | ||
| Q3 25 | $24.8M | $1.2B | ||
| Q2 25 | $5.9M | $1.1B | ||
| Q1 25 | $4.2M | $1.2B | ||
| Q4 24 | $4.5M | $1.2B | ||
| Q3 24 | $7.9M | $985.0M | ||
| Q2 24 | $9.6M | $827.0M | ||
| Q1 24 | $18.9M | $468.0M |
总债务GPUSNOV
| Q4 25 | $83.1M | $1.7B | ||
| Q3 25 | $80.0M | $1.7B | ||
| Q2 25 | $88.5M | $1.7B | ||
| Q1 25 | $92.8M | $1.7B | ||
| Q4 24 | $96.7M | $1.7B | ||
| Q3 24 | $104.8M | $1.7B | ||
| Q2 24 | $106.8M | $1.7B | ||
| Q1 24 | $30.0M | $1.8B |
股东权益GPUSNOV
| Q4 25 | $119.8M | $6.3B | ||
| Q3 25 | $55.9M | $6.5B | ||
| Q2 25 | $5.5M | $6.5B | ||
| Q1 25 | $6.3M | $6.4B | ||
| Q4 24 | $8.6M | $6.4B | ||
| Q3 24 | $2.7M | $6.5B | ||
| Q2 24 | $26.7M | $6.4B | ||
| Q1 24 | $59.0M | $6.2B |
总资产GPUSNOV
| Q4 25 | $313.7M | $11.3B | ||
| Q3 25 | $242.4M | $11.3B | ||
| Q2 25 | $213.5M | $11.4B | ||
| Q1 25 | $218.5M | $11.3B | ||
| Q4 24 | $220.8M | $11.4B | ||
| Q3 24 | $231.5M | $11.4B | ||
| Q2 24 | $270.8M | $11.3B | ||
| Q1 24 | $299.8M | $11.3B |
负债/权益比GPUSNOV
| Q4 25 | 0.69× | 0.27× | ||
| Q3 25 | 1.43× | 0.27× | ||
| Q2 25 | 16.06× | 0.27× | ||
| Q1 25 | 14.71× | 0.27× | ||
| Q4 24 | 11.19× | 0.27× | ||
| Q3 24 | 38.41× | 0.27× | ||
| Q2 24 | 4.00× | 0.27× | ||
| Q1 24 | 0.51× | 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 | $-37.7M | $573.0M |
| 自由现金流经营现金流 - 资本支出 | $-56.2M | $472.0M |
| 自由现金流率自由现金流/营收 | -208.7% | 20.7% |
| 资本支出强度资本支出/营收 | 68.6% | 4.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-87.1M | $876.0M |
8季度趋势，按日历期对齐
经营现金流GPUSNOV
| Q4 25 | $-37.7M | $573.0M | ||
| Q3 25 | $-17.8M | $352.0M | ||
| Q2 25 | $-3.1M | $191.0M | ||
| Q1 25 | $-4.0M | $135.0M | ||
| Q4 24 | $-9.2M | $591.0M | ||
| Q3 24 | $3.7M | $359.0M | ||
| Q2 24 | $-3.7M | $432.0M | ||
| Q1 24 | $-10.2M | $-78.0M |
自由现金流GPUSNOV
| Q4 25 | $-56.2M | $472.0M | ||
| Q3 25 | $-20.6M | $245.0M | ||
| Q2 25 | $-3.5M | $108.0M | ||
| Q1 25 | $-6.8M | $51.0M | ||
| Q4 24 | $-9.3M | $473.0M | ||
| Q3 24 | $2.6M | $277.0M | ||
| Q2 24 | $-5.9M | $350.0M | ||
| Q1 24 | $-11.6M | $-147.0M |
自由现金流率GPUSNOV
| Q4 25 | -208.7% | 20.7% | ||
| Q3 25 | -84.5% | 11.3% | ||
| Q2 25 | -13.5% | 4.9% | ||
| Q1 25 | -27.3% | 2.4% | ||
| Q4 24 | -47.6% | 20.5% | ||
| Q3 24 | 8.4% | 12.6% | ||
| Q2 24 | -33.4% | 15.8% | ||
| Q1 24 | -30.3% | -6.8% |
资本支出强度GPUSNOV
| Q4 25 | 68.6% | 4.4% | ||
| Q3 25 | 11.5% | 4.9% | ||
| Q2 25 | 1.5% | 3.8% | ||
| Q1 25 | 11.5% | 4.0% | ||
| Q4 24 | 0.3% | 5.1% | ||
| Q3 24 | 3.6% | 3.7% | ||
| Q2 24 | 12.6% | 3.7% | ||
| Q1 24 | 3.7% | 3.2% |
现金转化率GPUSNOV
| Q4 25 | — | — | ||
| Q3 25 | — | 8.38× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | 2.76× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | -2.75× | -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
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
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% |
