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KLX Energy Services Holdings, Inc.（KLXE）与National Energy Services Reunited Corp.（NESR）财务数据对比。点击上方公司名可切换其他公司
National Energy Services Reunited Corp.的季度营收约是KLX Energy Services Holdings, Inc.的1.9倍（$295.3M vs $156.9M）。National Energy Services Reunited Corp.净利率更高（6.0% vs -9.6%，领先15.6%）。KLX Energy Services Holdings, Inc.同比增速更快（-5.2% vs -12.2%）。KLX Energy Services Holdings, Inc.自由现金流更多（$3.1M vs $-34.1M）
KLX能源服务控股有限公司是面向上游油气行业的关键油田服务提供商，主要在北美陆上核心油气产区运营，核心业务涵盖钻井支持、完井、生产干预及专业井场技术服务，助力客户提升运营效率、降低项目成本。
National Energy Services Reunited Corp.是一家领先的综合油田服务供应商，为油气上游运营商提供钻井建设、完井、生产运营及干预作业等全系列解决方案，核心市场覆盖中东、北非及东亚地区，服务各国国家石油公司及国际能源客户。
KLXE vs NESR — 直观对比
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $156.9M | $295.3M |
| 净利润 | $-15.0M | $17.7M |
| 毛利率 | 22.5% | 12.0% |
| 营业利润率 | -0.6% | 6.6% |
| 净利率 | -9.6% | 6.0% |
| 营收同比 | -5.2% | -12.2% |
| 净利润同比 | -2.7% | -14.0% |
| 每股收益（稀释后） | $-0.72 | $0.18 |
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
| Q4 25 | $156.9M | — | ||
| Q3 25 | $166.7M | $295.3M | ||
| Q2 25 | $159.0M | $327.4M | ||
| Q1 25 | $154.0M | $303.1M | ||
| Q4 24 | $165.5M | — | ||
| Q3 24 | $188.9M | $336.2M | ||
| Q2 24 | $180.2M | $325.0M | ||
| Q1 24 | $174.7M | — |
| Q4 25 | $-15.0M | — | ||
| Q3 25 | $-14.3M | $17.7M | ||
| Q2 25 | $-19.9M | $15.2M | ||
| Q1 25 | $-27.9M | $10.4M | ||
| Q4 24 | $-14.6M | — | ||
| Q3 24 | $-8.2M | $20.6M | ||
| Q2 24 | $-8.0M | $18.9M | ||
| Q1 24 | $-22.2M | — |
| Q4 25 | 22.5% | — | ||
| Q3 25 | 21.7% | 12.0% | ||
| Q2 25 | 21.0% | 13.4% | ||
| Q1 25 | 19.6% | 12.4% | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 24.7% | 15.9% | ||
| Q2 24 | 24.5% | 16.4% | ||
| Q1 24 | 17.6% | — |
| Q4 25 | -0.6% | — | ||
| Q3 25 | -1.8% | 6.6% | ||
| Q2 25 | -5.5% | 8.3% | ||
| Q1 25 | -11.5% | 6.9% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 0.6% | 10.5% | ||
| Q2 24 | 0.8% | 10.5% | ||
| Q1 24 | -7.5% | — |
| Q4 25 | -9.6% | — | ||
| Q3 25 | -8.6% | 6.0% | ||
| Q2 25 | -12.5% | 4.6% | ||
| Q1 25 | -18.1% | 3.4% | ||
| Q4 24 | -8.8% | — | ||
| Q3 24 | -4.3% | 6.1% | ||
| Q2 24 | -4.4% | 5.8% | ||
| Q1 24 | -12.7% | — |
| Q4 25 | $-0.72 | — | ||
| Q3 25 | $-0.74 | $0.18 | ||
| Q2 25 | $-1.04 | $0.16 | ||
| Q1 25 | $-1.62 | $0.11 | ||
| Q4 24 | $-0.89 | — | ||
| Q3 24 | $-0.51 | $0.22 | ||
| Q2 24 | $-0.49 | $0.20 | ||
| Q1 24 | $-1.38 | — |
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 | $5.7M | $69.7M |
| 总债务越低越好 | $258.3M | $274.1M |
| 股东权益账面价值 | $-74.2M | $956.7M |
| 总资产 | $340.3M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
| Q4 25 | $5.7M | — | ||
| Q3 25 | $8.3M | $69.7M | ||
| Q2 25 | $16.7M | $131.8M | ||
| Q1 25 | $14.6M | $78.7M | ||
| Q4 24 | $91.6M | — | ||
| Q3 24 | $82.7M | $118.2M | ||
| Q2 24 | $86.9M | $75.0M | ||
| Q1 24 | $84.9M | — |
| Q4 25 | $258.3M | — | ||
| Q3 25 | $259.2M | $274.1M | ||
| Q2 25 | $258.7M | $291.7M | ||
| Q1 25 | $261.0M | $309.2M | ||
| Q4 24 | $285.1M | — | ||
| Q3 24 | $285.2M | $358.7M | ||
| Q2 24 | $284.9M | $376.7M | ||
| Q1 24 | $284.6M | — |
| Q4 25 | $-74.2M | — | ||
| Q3 25 | $-61.2M | $956.7M | ||
| Q2 25 | $-47.2M | $936.9M | ||
| Q1 25 | $-26.6M | $920.5M | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $2.5M | $873.5M | ||
| Q2 24 | $9.8M | $851.4M | ||
| Q1 24 | $16.9M | — |
| Q4 25 | $340.3M | — | ||
| Q3 25 | $358.2M | $1.8B | ||
| Q2 25 | $369.5M | $1.8B | ||
| Q1 25 | $379.1M | $1.8B | ||
| Q4 24 | $456.3M | — | ||
| Q3 24 | $486.8M | $1.8B | ||
| Q2 24 | $491.2M | $1.8B | ||
| Q1 24 | $497.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | — | ||
| Q3 24 | 114.08× | 0.41× | ||
| Q2 24 | 29.07× | 0.44× | ||
| Q1 24 | 16.84× | — |
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 | $12.5M | $6.7M |
| 自由现金流经营现金流 - 资本支出 | $3.1M | $-34.1M |
| 自由现金流率自由现金流/营收 | 2.0% | -11.5% |
| 资本支出强度资本支出/营收 | 6.0% | 13.8% |
| 现金转化率经营现金流/净利润 | — | 0.38× |
| 过去12个月自由现金流最近4个季度 | $-41.6M | $68.5M |
8季度趋势，按日历期对齐
| Q4 25 | $12.5M | — | ||
| Q3 25 | $13.5M | $6.7M | ||
| Q2 25 | $19.1M | $98.5M | ||
| Q1 25 | $-37.6M | $20.5M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $16.8M | $70.8M | ||
| Q2 24 | $22.2M | — | ||
| Q1 24 | $-10.8M | — |
| Q4 25 | $3.1M | — | ||
| Q3 25 | $1.5M | $-34.1M | ||
| Q2 25 | $6.4M | $68.7M | ||
| Q1 25 | $-52.6M | $-9.6M | ||
| Q4 24 | $10.7M | — | ||
| Q3 24 | $-4.2M | $43.4M | ||
| Q2 24 | $6.9M | — | ||
| Q1 24 | $-24.3M | — |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 0.9% | -11.5% | ||
| Q2 25 | 4.0% | 21.0% | ||
| Q1 25 | -34.2% | -3.2% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | -2.2% | 12.9% | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | -13.9% | — |
| Q4 25 | 6.0% | — | ||
| Q3 25 | 7.2% | 13.8% | ||
| Q2 25 | 8.0% | 9.1% | ||
| Q1 25 | 9.7% | 9.9% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 11.1% | 8.1% | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 6.48× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.43× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
KLXE
| Northeast | $59.7M | 38% |
| Other | $51.0M | 33% |
| Completion Revenues | $25.9M | 17% |
| Production Revenues | $11.6M | 7% |
| Drilling Revenues | $5.1M | 3% |
| Intervention Revenues | $3.6M | 2% |
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
