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杜克能源（HPK）与NABORS INDUSTRIES LTD（NBR）财务数据对比。点击上方公司名可切换其他公司
NABORS INDUSTRIES LTD的季度营收约是杜克能源的3.7倍（$797.5M vs $216.6M）。NABORS INDUSTRIES LTD净利率更高（1.3% vs -11.6%，领先12.9%）。NABORS INDUSTRIES LTD同比增速更快（9.3% vs -23.3%）。过去两年NABORS INDUSTRIES LTD的营收复合增速更高（4.3% vs -13.2%）
杜克能源公司是一家总部位于美国北卡罗来纳州夏洛特市的美国电力与天然气控股集团，为美国东部地区超过700万客户提供能源服务，在2024年《财富》美国500强榜单中位列第141位，是该公司有史以来获得的最高排名。
纳博斯工业有限公司是总部位于美国得克萨斯州休斯顿的全球油气钻井承包商，在行业内拥有领先规模。公司目前运营着全球第二大的陆地钻井平台船队，总计超过250座钻井平台在全球20个国家开展作业，是油气勘探开发领域重要的服务提供商。
HPK vs NBR — 直观对比
营收规模更大
NBR
是对方的3.7倍
$216.6M
营收增速更快
NBR
高出32.6%
-23.3%
净利率更高
NBR
高出12.9%
-11.6%
两年增速更快
NBR
近两年复合增速
-13.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $216.6M | $797.5M |
| 净利润 | $-25.2M | $10.3M |
| 毛利率 | — | — |
| 营业利润率 | -7.6% | 27.4% |
| 净利率 | -11.6% | 1.3% |
| 营收同比 | -23.3% | 9.3% |
| 净利润同比 | -380.7% | 119.3% |
| 每股收益（稀释后） | $-0.16 | $1.07 |
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HPKNBR
| Q4 25 | $216.6M | $797.5M | ||
| Q3 25 | $188.9M | $818.2M | ||
| Q2 25 | $200.4M | $832.8M | ||
| Q1 25 | $257.4M | $736.2M | ||
| Q4 24 | $282.6M | $729.8M | ||
| Q3 24 | $271.6M | $731.8M | ||
| Q2 24 | $275.3M | $734.8M | ||
| Q1 24 | $287.8M | $733.7M |
净利润HPKNBR
| Q4 25 | $-25.2M | $10.3M | ||
| Q3 25 | $-18.3M | $274.2M | ||
| Q2 25 | $26.2M | $-30.9M | ||
| Q1 25 | $36.3M | $33.0M | ||
| Q4 24 | $9.0M | $-53.7M | ||
| Q3 24 | $49.9M | $-55.8M | ||
| Q2 24 | $29.7M | $-32.3M | ||
| Q1 24 | $6.4M | $-34.3M |
毛利率HPKNBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 40.1% | ||
| Q1 24 | — | 40.4% |
营业利润率HPKNBR
| Q4 25 | -7.6% | 27.4% | ||
| Q3 25 | 17.3% | 15.6% | ||
| Q2 25 | 21.7% | 8.8% | ||
| Q1 25 | 35.1% | 7.0% | ||
| Q4 24 | 26.1% | 26.0% | ||
| Q3 24 | 27.0% | 14.5% | ||
| Q2 24 | 31.7% | 7.9% | ||
| Q1 24 | 35.8% | 8.6% |
净利率HPKNBR
| Q4 25 | -11.6% | 1.3% | ||
| Q3 25 | -9.7% | 33.5% | ||
| Q2 25 | 13.1% | -3.7% | ||
| Q1 25 | 14.1% | 4.5% | ||
| Q4 24 | 3.2% | -7.4% | ||
| Q3 24 | 18.4% | -7.6% | ||
| Q2 24 | 10.8% | -4.4% | ||
| Q1 24 | 2.2% | -4.7% |
每股收益（稀释后）HPKNBR
| Q4 25 | $-0.16 | $1.07 | ||
| Q3 25 | $-0.15 | $16.85 | ||
| Q2 25 | $0.19 | $-2.71 | ||
| Q1 25 | $0.26 | $2.18 | ||
| Q4 24 | $0.06 | $-6.68 | ||
| Q3 24 | $0.35 | $-6.86 | ||
| Q2 24 | $0.21 | $-4.29 | ||
| Q1 24 | $0.05 | $-4.54 |
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 | $162.1M | $940.7M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.6B | $590.7M |
| 总资产 | $3.2B | $4.8B |
| 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HPKNBR
| Q4 25 | $162.1M | $940.7M | ||
| Q3 25 | $164.9M | $428.1M | ||
| Q2 25 | $21.9M | $387.4M | ||
| Q1 25 | $51.6M | $404.1M | ||
| Q4 24 | $86.6M | $397.3M | ||
| Q3 24 | $135.6M | $459.3M | ||
| Q2 24 | $157.9M | $473.6M | ||
| Q1 24 | $173.4M | $425.6M |
总债务HPKNBR
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益HPKNBR
| Q4 25 | $1.6B | $590.7M | ||
| Q3 25 | $1.6B | $579.8M | ||
| Q2 25 | $1.7B | $308.0M | ||
| Q1 25 | $1.6B | $342.7M | ||
| Q4 24 | $1.6B | $135.0M | ||
| Q3 24 | $1.6B | $191.4M | ||
| Q2 24 | $1.6B | $250.4M | ||
| Q1 24 | $1.5B | $286.3M |
总资产HPKNBR
| Q4 25 | $3.2B | $4.8B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.1B | $5.0B | ||
| Q1 25 | $3.1B | $5.0B | ||
| Q4 24 | $3.1B | $4.5B | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $3.1B | $4.6B | ||
| Q1 24 | $3.1B | $4.6B |
负债/权益比HPKNBR
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.70× | — | ||
| Q1 24 | 0.73× | — |
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 | $93.1M | $245.8M |
| 自由现金流经营现金流 - 资本支出 | — | $83.8M |
| 自由现金流率自由现金流/营收 | — | 10.5% |
| 资本支出强度资本支出/营收 | — | 20.3% |
| 现金转化率经营现金流/净利润 | — | 23.76× |
| 过去12个月自由现金流最近4个季度 | — | $-22.7M |
8季度趋势，按日历期对齐
经营现金流HPKNBR
| Q4 25 | $93.1M | $245.8M | ||
| Q3 25 | $120.2M | $207.9M | ||
| Q2 25 | $141.2M | $151.8M | ||
| Q1 25 | $157.1M | $87.7M | ||
| Q4 24 | $139.5M | $148.9M | ||
| Q3 24 | $177.1M | $143.6M | ||
| Q2 24 | $202.3M | $181.7M | ||
| Q1 24 | $171.4M | $107.2M |
自由现金流HPKNBR
| Q4 25 | — | $83.8M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-27.1M | ||
| Q1 25 | — | $-77.2M | ||
| Q4 24 | — | $-59.1M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $54.3M | ||
| Q1 24 | — | $2.6M |
自由现金流率HPKNBR
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | — | -3.3% | ||
| Q1 25 | — | -10.5% | ||
| Q4 24 | — | -8.1% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 0.4% |
资本支出强度HPKNBR
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | 28.5% | ||
| Q3 24 | — | 17.5% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 14.3% |
现金转化率HPKNBR
| Q4 25 | — | 23.76× | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 4.32× | 2.66× | ||
| Q4 24 | 15.53× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | 6.81× | — | ||
| Q1 24 | 26.63× | — |
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
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
NBR
| International Excluding Canada | $423.8M | 53% |
| Other | $228.1M | 29% |
| Drilling Solutions | $107.9M | 14% |
| Rig Technologies | $37.7M | 5% |
