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Helmerich & Payne, Inc.（HP）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
Helmerich & Payne, Inc.的季度营收约是巴诺书店的1.3倍（$981.1M vs $764.4M）。巴诺书店净利率更高（11.3% vs -9.9%，领先21.2%）。Helmerich & Payne, Inc.同比增速更快（45.4% vs -17.6%）。Helmerich & Payne, Inc.自由现金流更多（$114.9M vs $35.4M）。过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs 9.5%）
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
HP vs NE — 直观对比
营收规模更大
HP
是对方的1.3倍
$764.4M
营收增速更快
HP
高出63.0%
-17.6%
净利率更高
NE
高出21.2%
-9.9%
自由现金流更多
HP
多$79.5M
$35.4M
两年增速更快
HP
近两年复合增速
9.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $764.4M |
| 净利润 | $-96.7M | $86.6M |
| 毛利率 | — | — |
| 营业利润率 | -6.1% | 5.6% |
| 净利率 | -9.9% | 11.3% |
| 营收同比 | 45.4% | -17.6% |
| 净利润同比 | -276.6% | -10.4% |
| 每股收益（稀释后） | $-0.98 | $0.54 |
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HPNE
| Q4 25 | $981.1M | $764.4M | ||
| Q3 25 | $953.8M | $798.0M | ||
| Q2 25 | $1.0B | $848.7M | ||
| Q1 25 | $1.0B | $874.5M | ||
| Q4 24 | $674.6M | $927.3M | ||
| Q3 24 | $691.3M | $800.5M | ||
| Q2 24 | $695.1M | $692.8M | ||
| Q1 24 | $685.1M | $637.1M |
净利润HPNE
| Q4 25 | $-96.7M | $86.6M | ||
| Q3 25 | $-57.4M | $-21.1M | ||
| Q2 25 | $-162.8M | $42.9M | ||
| Q1 25 | $1.7M | $108.3M | ||
| Q4 24 | $54.8M | $96.6M | ||
| Q3 24 | $75.5M | $61.2M | ||
| Q2 24 | $88.7M | $195.0M | ||
| Q1 24 | $84.8M | $95.5M |
营业利润率HPNE
| Q4 25 | -6.1% | 5.6% | ||
| Q3 25 | -0.1% | 6.3% | ||
| Q2 25 | -12.4% | 15.9% | ||
| Q1 25 | 4.2% | 21.4% | ||
| Q4 24 | 13.3% | 18.4% | ||
| Q3 24 | 15.4% | 14.4% | ||
| Q2 24 | 16.0% | 30.3% | ||
| Q1 24 | 16.1% | 16.9% |
净利率HPNE
| Q4 25 | -9.9% | 11.3% | ||
| Q3 25 | -6.0% | -2.6% | ||
| Q2 25 | -15.7% | 5.1% | ||
| Q1 25 | 0.2% | 12.4% | ||
| Q4 24 | 8.1% | 10.4% | ||
| Q3 24 | 10.9% | 7.6% | ||
| Q2 24 | 12.8% | 28.1% | ||
| Q1 24 | 12.4% | 15.0% |
每股收益（稀释后）HPNE
| Q4 25 | $-0.98 | $0.54 | ||
| Q3 25 | $-0.57 | $-0.13 | ||
| Q2 25 | $-1.64 | $0.27 | ||
| Q1 25 | $0.01 | $0.67 | ||
| Q4 24 | $0.54 | $0.56 | ||
| Q3 24 | $0.77 | $0.40 | ||
| Q2 24 | $0.88 | $1.34 | ||
| Q1 24 | $0.84 | $0.66 |
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 | $269.0M | $471.4M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.7B | $4.5B |
| 总资产 | $6.5B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资HPNE
| Q4 25 | $269.0M | $471.4M | ||
| Q3 25 | $218.3M | $477.9M | ||
| Q2 25 | $187.4M | $338.2M | ||
| Q1 25 | $195.6M | $303.8M | ||
| Q4 24 | $526.5M | $247.3M | ||
| Q3 24 | $510.3M | $391.9M | ||
| Q2 24 | $289.7M | $162.9M | ||
| Q1 24 | $277.0M | $212.5M |
总债务HPNE
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HPNE
| Q4 25 | $2.7B | $4.5B | ||
| Q3 25 | $2.8B | $4.5B | ||
| Q2 25 | $2.9B | $4.6B | ||
| Q1 25 | $3.1B | $4.7B | ||
| Q4 24 | $2.9B | $4.7B | ||
| Q3 24 | $2.9B | $4.7B | ||
| Q2 24 | $2.9B | $4.0B | ||
| Q1 24 | $2.8B | $3.9B |
总资产HPNE
| Q4 25 | $6.5B | $7.5B | ||
| Q3 25 | $6.7B | $7.6B | ||
| Q2 25 | $6.9B | $7.7B | ||
| Q1 25 | $7.2B | $7.9B | ||
| Q4 24 | $5.8B | $8.0B | ||
| Q3 24 | $5.8B | $8.0B | ||
| Q2 24 | $4.5B | $5.6B | ||
| Q1 24 | $4.4B | $5.4B |
负债/权益比HPNE
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $182.4M | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $35.4M |
| 自由现金流率自由现金流/营收 | 11.7% | 4.6% |
| 资本支出强度资本支出/营收 | 6.9% | 19.9% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $179.6M | $432.2M |
8季度趋势，按日历期对齐
经营现金流HPNE
| Q4 25 | $182.4M | $187.1M | ||
| Q3 25 | $206.9M | $277.1M | ||
| Q2 25 | $121.6M | $216.4M | ||
| Q1 25 | $56.0M | $271.1M | ||
| Q4 24 | $158.4M | $136.2M | ||
| Q3 24 | $168.8M | $283.8M | ||
| Q2 24 | $197.4M | $106.8M | ||
| Q1 24 | $143.7M | $128.7M |
自由现金流HPNE
| Q4 25 | $114.9M | $35.4M | ||
| Q3 25 | $142.8M | $139.5M | ||
| Q2 25 | $24.6M | $99.8M | ||
| Q1 25 | $-102.7M | $157.5M | ||
| Q4 24 | $51.9M | $-4.4M | ||
| Q3 24 | $62.8M | $156.8M | ||
| Q2 24 | $63.0M | $-34.3M | ||
| Q1 24 | $25.4M | $-37.9M |
自由现金流率HPNE
| Q4 25 | 11.7% | 4.6% | ||
| Q3 25 | 15.0% | 17.5% | ||
| Q2 25 | 2.4% | 11.8% | ||
| Q1 25 | -10.1% | 18.0% | ||
| Q4 24 | 7.7% | -0.5% | ||
| Q3 24 | 9.1% | 19.6% | ||
| Q2 24 | 9.1% | -4.9% | ||
| Q1 24 | 3.7% | -6.0% |
资本支出强度HPNE
| Q4 25 | 6.9% | 19.9% | ||
| Q3 25 | 6.7% | 17.3% | ||
| Q2 25 | 9.3% | 13.7% | ||
| Q1 25 | 15.7% | 13.0% | ||
| Q4 24 | 15.8% | 15.2% | ||
| Q3 24 | 15.3% | 15.9% | ||
| Q2 24 | 19.3% | 20.4% | ||
| Q1 24 | 17.3% | 26.2% |
现金转化率HPNE
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | 33.89× | 2.50× | ||
| Q4 24 | 2.89× | 1.41× | ||
| Q3 24 | 2.24× | 4.64× | ||
| Q2 24 | 2.23× | 0.55× | ||
| Q1 24 | 1.69× | 1.35× |
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
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
