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Kodiak Gas Services, Inc.（KGS）与NGL Energy Partners LP（NGL）财务数据对比。点击上方公司名可切换其他公司
NGL Energy Partners LP的季度营收约是Kodiak Gas Services, Inc.的2.7倍（$909.8M vs $332.9M）。Kodiak Gas Services, Inc.净利率更高（7.4% vs 5.2%，领先2.2%）。Kodiak Gas Services, Inc.同比增速更快（7.5% vs -41.3%）。Kodiak Gas Services, Inc.自由现金流更多（$142.0M vs $45.7M）。过去两年Kodiak Gas Services, Inc.的营收复合增速更高（24.3% vs -6.4%）
Kodiak Gas Services是北美知名的天然气压缩服务供应商，主要服务油气行业上下游客户，提供定制化压缩设备、运维及运营支持，帮助客户优化陆上天然气收集、处理与运输全流程的运营效率。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
KGS vs NGL — 直观对比
营收规模更大
NGL
是对方的2.7倍
$332.9M
营收增速更快
KGS
高出48.8%
-41.3%
净利率更高
KGS
高出2.2%
5.2%
自由现金流更多
KGS
多$96.3M
$45.7M
两年增速更快
KGS
近两年复合增速
-6.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $332.9M | $909.8M |
| 净利润 | $24.6M | $47.2M |
| 毛利率 | — | 29.0% |
| 营业利润率 | 26.1% | 12.1% |
| 净利率 | 7.4% | 5.2% |
| 营收同比 | 7.5% | -41.3% |
| 净利润同比 | 29.0% | 249.3% |
| 每股收益（稀释后） | $0.30 | — |
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KGSNGL
| Q4 25 | $332.9M | $909.8M | ||
| Q3 25 | $322.7M | $674.7M | ||
| Q2 25 | $322.8M | $622.2M | ||
| Q1 25 | $329.6M | $971.1M | ||
| Q4 24 | $309.5M | $982.4M | ||
| Q3 24 | $324.6M | $756.5M | ||
| Q2 24 | $309.7M | $759.2M | ||
| Q1 24 | $215.5M | $1.0B |
净利润KGSNGL
| Q4 25 | $24.6M | $47.2M | ||
| Q3 25 | $-14.0M | $29.3M | ||
| Q2 25 | $39.5M | $68.9M | ||
| Q1 25 | $30.4M | $13.7M | ||
| Q4 24 | $19.1M | $13.5M | ||
| Q3 24 | $-5.6M | $2.5M | ||
| Q2 24 | $6.2M | $9.7M | ||
| Q1 24 | $30.2M | $-236.8M |
毛利率KGSNGL
| Q4 25 | — | 29.0% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 38.5% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 37.5% | 30.9% | ||
| Q2 24 | 36.5% | 29.0% | ||
| Q1 24 | 39.4% | 21.8% |
营业利润率KGSNGL
| Q4 25 | 26.1% | 12.1% | ||
| Q3 25 | 19.9% | 14.0% | ||
| Q2 25 | 30.9% | 15.7% | ||
| Q1 25 | 27.1% | 8.4% | ||
| Q4 24 | 22.3% | 8.6% | ||
| Q3 24 | 20.4% | 10.8% | ||
| Q2 24 | 17.5% | 10.8% | ||
| Q1 24 | 27.9% | -9.4% |
净利率KGSNGL
| Q4 25 | 7.4% | 5.2% | ||
| Q3 25 | -4.3% | 4.3% | ||
| Q2 25 | 12.2% | 11.1% | ||
| Q1 25 | 9.2% | 1.4% | ||
| Q4 24 | 6.2% | 1.4% | ||
| Q3 24 | -1.7% | 0.3% | ||
| Q2 24 | 2.0% | 1.3% | ||
| Q1 24 | 14.0% | -22.8% |
每股收益（稀释后）KGSNGL
| Q4 25 | $0.30 | — | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $0.43 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.18 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.39 | — |
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 | $3.2M | $6.5M |
| 总债务越低越好 | $2.6B | $2.9B |
| 股东权益账面价值 | $1.2B | — |
| 总资产 | $4.3B | $4.4B |
| 负债/权益比越低杠杆越低 | 2.12× | — |
8季度趋势，按日历期对齐
现金及短期投资KGSNGL
| Q4 25 | $3.2M | $6.5M | ||
| Q3 25 | $724.0K | $8.7M | ||
| Q2 25 | $5.4M | $5.4M | ||
| Q1 25 | $1.9M | $13.5M | ||
| Q4 24 | $4.8M | $5.7M | ||
| Q3 24 | $7.4M | $4.5M | ||
| Q2 24 | $3.9M | $5.3M | ||
| Q1 24 | $9.3M | $38.9M |
总债务KGSNGL
| Q4 25 | $2.6B | $2.9B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.5B | $2.9B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.6B | $3.1B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.5B | $3.0B | ||
| Q1 24 | — | $2.9B |
股东权益KGSNGL
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.1B | — |
总资产KGSNGL
| Q4 25 | $4.3B | $4.4B | ||
| Q3 25 | $4.4B | $4.3B | ||
| Q2 25 | $4.4B | $4.2B | ||
| Q1 25 | $4.4B | $4.6B | ||
| Q4 24 | $4.4B | $4.8B | ||
| Q3 24 | $4.5B | $4.9B | ||
| Q2 24 | $4.4B | $4.8B | ||
| Q1 24 | $3.3B | $5.0B |
负债/权益比KGSNGL
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 1.71× | — | ||
| 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 | $194.9M | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $142.0M | $45.7M |
| 自由现金流率自由现金流/营收 | 42.7% | 5.0% |
| 资本支出强度资本支出/营收 | 15.9% | 15.0% |
| 现金转化率经营现金流/净利润 | 7.91× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $284.3M | $126.7M |
8季度趋势，按日历期对齐
经营现金流KGSNGL
| Q4 25 | $194.9M | $182.3M | ||
| Q3 25 | $113.4M | $40.5M | ||
| Q2 25 | $177.2M | $33.2M | ||
| Q1 25 | $114.3M | $155.0M | ||
| Q4 24 | $118.5M | $153.8M | ||
| Q3 24 | $36.9M | $6.7M | ||
| Q2 24 | $121.1M | $-18.1M | ||
| Q1 24 | $51.5M | $152.2M |
自由现金流KGSNGL
| Q4 25 | $142.0M | $45.7M | ||
| Q3 25 | $10.9M | $9.5M | ||
| Q2 25 | $94.6M | $11.1M | ||
| Q1 25 | $36.8M | $60.4M | ||
| Q4 24 | $45.2M | $152.1M | ||
| Q3 24 | $-49.7M | $-82.9M | ||
| Q2 24 | $4.0M | $-78.0M | ||
| Q1 24 | $-8.6M | $119.8M |
自由现金流率KGSNGL
| Q4 25 | 42.7% | 5.0% | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | 29.3% | 1.8% | ||
| Q1 25 | 11.2% | 6.2% | ||
| Q4 24 | 14.6% | 15.5% | ||
| Q3 24 | -15.3% | -11.0% | ||
| Q2 24 | 1.3% | -10.3% | ||
| Q1 24 | -4.0% | 11.5% |
资本支出强度KGSNGL
| Q4 25 | 15.9% | 15.0% | ||
| Q3 25 | 31.7% | 4.6% | ||
| Q2 25 | 25.6% | 3.6% | ||
| Q1 25 | 23.5% | 9.7% | ||
| Q4 24 | 23.7% | 0.2% | ||
| Q3 24 | 26.7% | 11.8% | ||
| Q2 24 | 37.8% | 7.9% | ||
| Q1 24 | 27.9% | 3.1% |
现金转化率KGSNGL
| Q4 25 | 7.91× | 3.86× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 4.49× | 0.48× | ||
| Q1 25 | 3.76× | 11.29× | ||
| Q4 24 | 6.21× | 11.39× | ||
| Q3 24 | — | 2.74× | ||
| Q2 24 | 19.44× | -1.87× | ||
| Q1 24 | 1.70× | — |
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
KGS
| Other Services | $126.8M | 38% |
| Other | $112.2M | 34% |
| Transferred At Point In Time | $93.8M | 28% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
