vs
Helmerich & Payne, Inc.（HP）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Helmerich & Payne, Inc.的1.5倍（$1.5B vs $981.1M），RXO, Inc.净利率更高（-3.1% vs -9.9%，领先6.7%），Helmerich & Payne, Inc.同比增速更快（45.4% vs -11.9%），Helmerich & Payne, Inc.自由现金流更多（$114.9M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 19.7%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
HP vs RXO — 直观对比
营收规模更大
RXO
是对方的1.5倍
$981.1M
营收增速更快
HP
高出57.3%
-11.9%
净利率更高
RXO
高出6.7%
-9.9%
自由现金流更多
HP
多$123.9M
$-9.0M
两年增速更快
RXO
近两年复合增速
19.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $1.5B |
| 净利润 | $-96.7M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | -6.1% | -2.9% |
| 净利率 | -9.9% | -3.1% |
| 营收同比 | 45.4% | -11.9% |
| 净利润同比 | -276.6% | -84.0% |
| 每股收益（稀释后） | $-0.98 | $-0.28 |
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HPRXO
| Q4 25 | $981.1M | $1.5B | ||
| Q3 25 | $953.8M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $674.6M | $1.7B | ||
| Q3 24 | $691.3M | $1.0B | ||
| Q2 24 | $695.1M | $930.0M | ||
| Q1 24 | $685.1M | $913.0M |
净利润HPRXO
| Q4 25 | $-96.7M | $-46.0M | ||
| Q3 25 | $-57.4M | $-14.0M | ||
| Q2 25 | $-162.8M | $-9.0M | ||
| Q1 25 | $1.7M | $-31.0M | ||
| Q4 24 | $54.8M | $-25.0M | ||
| Q3 24 | $75.5M | $-243.0M | ||
| Q2 24 | $88.7M | $-7.0M | ||
| Q1 24 | $84.8M | $-15.0M |
营业利润率HPRXO
| Q4 25 | -6.1% | -2.9% | ||
| Q3 25 | -0.1% | -0.5% | ||
| Q2 25 | -12.4% | — | ||
| Q1 25 | 4.2% | -2.1% | ||
| Q4 24 | 13.3% | -1.4% | ||
| Q3 24 | 15.4% | -1.9% | ||
| Q2 24 | 16.0% | — | ||
| Q1 24 | 16.1% | -1.3% |
净利率HPRXO
| Q4 25 | -9.9% | -3.1% | ||
| Q3 25 | -6.0% | -1.0% | ||
| Q2 25 | -15.7% | -0.6% | ||
| Q1 25 | 0.2% | -2.2% | ||
| Q4 24 | 8.1% | -1.5% | ||
| Q3 24 | 10.9% | -23.4% | ||
| Q2 24 | 12.8% | -0.8% | ||
| Q1 24 | 12.4% | -1.6% |
每股收益（稀释后）HPRXO
| Q4 25 | $-0.98 | $-0.28 | ||
| Q3 25 | $-0.57 | $-0.08 | ||
| Q2 25 | $-1.64 | $-0.05 | ||
| Q1 25 | $0.01 | $-0.18 | ||
| Q4 24 | $0.54 | $-0.17 | ||
| Q3 24 | $0.77 | $-1.81 | ||
| Q2 24 | $0.88 | $-0.06 | ||
| Q1 24 | $0.84 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $2.0B | $387.0M |
| 股东权益账面价值 | $2.7B | $1.5B |
| 总资产 | $6.5B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资HPRXO
| Q4 25 | $269.0M | $17.0M | ||
| Q3 25 | $218.3M | $25.0M | ||
| Q2 25 | $187.4M | $18.0M | ||
| Q1 25 | $195.6M | $16.0M | ||
| Q4 24 | $526.5M | $35.0M | ||
| Q3 24 | $510.3M | $55.0M | ||
| Q2 24 | $289.7M | $7.0M | ||
| Q1 24 | $277.0M | $7.0M |
总债务HPRXO
| Q4 25 | $2.0B | $387.0M | ||
| Q3 25 | $2.1B | $387.0M | ||
| Q2 25 | $2.2B | $387.0M | ||
| Q1 25 | $2.2B | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | $1.8B | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益HPRXO
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $2.9B | $1.6B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.9B | $1.7B | ||
| Q2 24 | $2.9B | $579.0M | ||
| Q1 24 | $2.8B | $582.0M |
总资产HPRXO
| Q4 25 | $6.5B | $3.3B | ||
| Q3 25 | $6.7B | $3.2B | ||
| Q2 25 | $6.9B | $3.2B | ||
| Q1 25 | $7.2B | $3.3B | ||
| Q4 24 | $5.8B | $3.4B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $4.5B | $1.8B | ||
| Q1 24 | $4.4B | $1.8B |
负债/权益比HPRXO
| Q4 25 | 0.75× | 0.25× | ||
| Q3 25 | 0.73× | 0.24× | ||
| Q2 25 | 0.76× | 0.24× | ||
| Q1 25 | 0.73× | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | 0.61× | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $-9.0M |
| 自由现金流率自由现金流/营收 | 11.7% | -0.6% |
| 资本支出强度资本支出/营收 | 6.9% | 1.1% |
| 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 | $179.6M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流HPRXO
| Q4 25 | $182.4M | $7.0M | ||
| Q3 25 | $206.9M | $23.0M | ||
| Q2 25 | $121.6M | $23.0M | ||
| Q1 25 | $56.0M | $-2.0M | ||
| Q4 24 | $158.4M | $-7.0M | ||
| Q3 24 | $168.8M | $-7.0M | ||
| Q2 24 | $197.4M | $-5.0M | ||
| Q1 24 | $143.7M | $7.0M |
自由现金流HPRXO
| Q4 25 | $114.9M | $-9.0M | ||
| Q3 25 | $142.8M | $9.0M | ||
| Q2 25 | $24.6M | $9.0M | ||
| Q1 25 | $-102.7M | $-17.0M | ||
| Q4 24 | $51.9M | $-19.0M | ||
| Q3 24 | $62.8M | $-18.0M | ||
| Q2 24 | $63.0M | $-16.0M | ||
| Q1 24 | $25.4M | $-4.0M |
自由现金流率HPRXO
| Q4 25 | 11.7% | -0.6% | ||
| Q3 25 | 15.0% | 0.6% | ||
| Q2 25 | 2.4% | 0.6% | ||
| Q1 25 | -10.1% | -1.2% | ||
| Q4 24 | 7.7% | -1.1% | ||
| Q3 24 | 9.1% | -1.7% | ||
| Q2 24 | 9.1% | -1.7% | ||
| Q1 24 | 3.7% | -0.4% |
资本支出强度HPRXO
| Q4 25 | 6.9% | 1.1% | ||
| Q3 25 | 6.7% | 1.0% | ||
| Q2 25 | 9.3% | 1.0% | ||
| Q1 25 | 15.7% | 1.0% | ||
| Q4 24 | 15.8% | 0.7% | ||
| Q3 24 | 15.3% | 1.1% | ||
| Q2 24 | 19.3% | 1.2% | ||
| Q1 24 | 17.3% | 1.2% |
现金转化率HPRXO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 33.89× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 1.69× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
