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KLX Energy Services Holdings, Inc.（KLXE）与Select Water Solutions, Inc.（WTTR）财务数据对比。点击上方公司名可切换其他公司
Select Water Solutions, Inc.的季度营收约是KLX Energy Services Holdings, Inc.的2.2倍（$346.5M vs $156.9M）。Select Water Solutions, Inc.净利率更高（-0.1% vs -9.6%，领先9.5%）。Select Water Solutions, Inc.同比增速更快（-0.7% vs -5.2%）。KLX Energy Services Holdings, Inc.自由现金流更多（$3.1M vs $-6.0M）。过去两年Select Water Solutions, Inc.的营收复合增速更高（-2.8% vs -5.2%）
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。
Select Water Solutions是一家专注于油气领域的水务及环保解决方案供应商，主要服务北美陆上油气开采市场，核心业务涵盖水资源获取、处理、回收、处置及化学品解决方案，可帮助客户降低运营成本、减少环境影响。
KLXE vs WTTR — 直观对比
营收规模更大
WTTR
是对方的2.2倍
$156.9M
营收增速更快
WTTR
高出4.5%
-5.2%
净利率更高
WTTR
高出9.5%
-9.6%
自由现金流更多
KLXE
多$9.1M
$-6.0M
两年增速更快
WTTR
近两年复合增速
-5.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $156.9M | $346.5M |
| 净利润 | $-15.0M | $-346.0K |
| 毛利率 | 22.5% | 13.1% |
| 营业利润率 | -0.6% | -0.1% |
| 净利率 | -9.6% | -0.1% |
| 营收同比 | -5.2% | -0.7% |
| 净利润同比 | -2.7% | 78.9% |
| 每股收益（稀释后） | $-0.72 | — |
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KLXEWTTR
| Q4 25 | $156.9M | $346.5M | ||
| Q3 25 | $166.7M | $322.2M | ||
| Q2 25 | $159.0M | $364.2M | ||
| Q1 25 | $154.0M | $374.4M | ||
| Q4 24 | $165.5M | $349.0M | ||
| Q3 24 | $188.9M | $371.3M | ||
| Q2 24 | $180.2M | $365.1M | ||
| Q1 24 | $174.7M | $366.5M |
净利润KLXEWTTR
| Q4 25 | $-15.0M | $-346.0K | ||
| Q3 25 | $-14.3M | $2.7M | ||
| Q2 25 | $-19.9M | $10.6M | ||
| Q1 25 | $-27.9M | $8.2M | ||
| Q4 24 | $-14.6M | $-1.6M | ||
| Q3 24 | $-8.2M | $15.8M | ||
| Q2 24 | $-8.0M | $12.9M | ||
| Q1 24 | $-22.2M | $3.6M |
毛利率KLXEWTTR
| Q4 25 | 22.5% | 13.1% | ||
| Q3 25 | 21.7% | 13.5% | ||
| Q2 25 | 21.0% | 15.9% | ||
| Q1 25 | 19.6% | 14.9% | ||
| Q4 24 | 23.0% | 12.7% | ||
| Q3 24 | 24.7% | 16.8% | ||
| Q2 24 | 24.5% | 16.5% | ||
| Q1 24 | 17.6% | 14.4% |
营业利润率KLXEWTTR
| Q4 25 | -0.6% | -0.1% | ||
| Q3 25 | -1.8% | -0.5% | ||
| Q2 25 | -5.5% | 4.2% | ||
| Q1 25 | -11.5% | 4.2% | ||
| Q4 24 | -3.0% | 0.7% | ||
| Q3 24 | 0.6% | 6.6% | ||
| Q2 24 | 0.8% | 5.6% | ||
| Q1 24 | -7.5% | 1.9% |
净利率KLXEWTTR
| Q4 25 | -9.6% | -0.1% | ||
| Q3 25 | -8.6% | 0.8% | ||
| Q2 25 | -12.5% | 2.9% | ||
| Q1 25 | -18.1% | 2.2% | ||
| Q4 24 | -8.8% | -0.5% | ||
| Q3 24 | -4.3% | 4.3% | ||
| Q2 24 | -4.4% | 3.5% | ||
| Q1 24 | -12.7% | 1.0% |
每股收益（稀释后）KLXEWTTR
| Q4 25 | $-0.72 | — | ||
| Q3 25 | $-0.74 | — | ||
| Q2 25 | $-1.04 | — | ||
| Q1 25 | $-1.62 | — | ||
| Q4 24 | $-0.89 | — | ||
| Q3 24 | $-0.51 | — | ||
| Q2 24 | $-0.49 | — | ||
| 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 | $18.1M |
| 总债务越低越好 | $258.3M | $320.0M |
| 股东权益账面价值 | $-74.2M | $805.6M |
| 总资产 | $340.3M | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资KLXEWTTR
| Q4 25 | $5.7M | $18.1M | ||
| Q3 25 | $8.3M | $17.8M | ||
| Q2 25 | $16.7M | $51.2M | ||
| Q1 25 | $14.6M | $27.9M | ||
| Q4 24 | $91.6M | $20.0M | ||
| Q3 24 | $82.7M | $10.9M | ||
| Q2 24 | $86.9M | $16.4M | ||
| Q1 24 | $84.9M | $12.8M |
总债务KLXEWTTR
| Q4 25 | $258.3M | $320.0M | ||
| Q3 25 | $259.2M | $305.0M | ||
| Q2 25 | $258.7M | $275.0M | ||
| Q1 25 | $261.0M | $250.0M | ||
| Q4 24 | $285.1M | $85.0M | ||
| Q3 24 | $285.2M | $80.0M | ||
| Q2 24 | $284.9M | $90.0M | ||
| Q1 24 | $284.6M | $75.0M |
股东权益KLXEWTTR
| Q4 25 | $-74.2M | $805.6M | ||
| Q3 25 | $-61.2M | $808.1M | ||
| Q2 25 | $-47.2M | $799.3M | ||
| Q1 25 | $-26.6M | $793.1M | ||
| Q4 24 | $-10.5M | $793.5M | ||
| Q3 24 | $2.5M | $796.5M | ||
| Q2 24 | $9.8M | $782.0M | ||
| Q1 24 | $16.9M | $770.0M |
总资产KLXEWTTR
| Q4 25 | $340.3M | $1.6B | ||
| Q3 25 | $358.2M | $1.6B | ||
| Q2 25 | $369.5M | $1.5B | ||
| Q1 25 | $379.1M | $1.5B | ||
| Q4 24 | $456.3M | $1.4B | ||
| Q3 24 | $486.8M | $1.3B | ||
| Q2 24 | $491.2M | $1.3B | ||
| Q1 24 | $497.5M | $1.3B |
负债/权益比KLXEWTTR
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | 114.08× | 0.10× | ||
| Q2 24 | 29.07× | 0.12× | ||
| Q1 24 | 16.84× | 0.10× |
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 | $65.5M |
| 自由现金流经营现金流 - 资本支出 | $3.1M | $-6.0M |
| 自由现金流率自由现金流/营收 | 2.0% | -1.7% |
| 资本支出强度资本支出/营收 | 6.0% | 20.6% |
| 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 | $-41.6M | $-79.9M |
8季度趋势，按日历期对齐
经营现金流KLXEWTTR
| Q4 25 | $12.5M | $65.5M | ||
| Q3 25 | $13.5M | $71.7M | ||
| Q2 25 | $19.1M | $82.6M | ||
| Q1 25 | $-37.6M | $-5.1M | ||
| Q4 24 | $26.0M | $67.8M | ||
| Q3 24 | $16.8M | $51.9M | ||
| Q2 24 | $22.2M | $83.1M | ||
| Q1 24 | $-10.8M | $32.1M |
自由现金流KLXEWTTR
| Q4 25 | $3.1M | $-6.0M | ||
| Q3 25 | $1.5M | $-23.5M | ||
| Q2 25 | $6.4M | $3.2M | ||
| Q1 25 | $-52.6M | $-53.5M | ||
| Q4 24 | $10.7M | $12.7M | ||
| Q3 24 | $-4.2M | $16.7M | ||
| Q2 24 | $6.9M | $34.0M | ||
| Q1 24 | $-24.3M | $-1.6M |
自由现金流率KLXEWTTR
| Q4 25 | 2.0% | -1.7% | ||
| Q3 25 | 0.9% | -7.3% | ||
| Q2 25 | 4.0% | 0.9% | ||
| Q1 25 | -34.2% | -14.3% | ||
| Q4 24 | 6.5% | 3.6% | ||
| Q3 24 | -2.2% | 4.5% | ||
| Q2 24 | 3.8% | 9.3% | ||
| Q1 24 | -13.9% | -0.4% |
资本支出强度KLXEWTTR
| Q4 25 | 6.0% | 20.6% | ||
| Q3 25 | 7.2% | 29.6% | ||
| Q2 25 | 8.0% | 21.8% | ||
| Q1 25 | 9.7% | 12.9% | ||
| Q4 24 | 9.2% | 15.8% | ||
| Q3 24 | 11.1% | 9.5% | ||
| Q2 24 | 8.5% | 13.5% | ||
| Q1 24 | 7.7% | 9.2% |
现金转化率KLXEWTTR
| Q4 25 | — | — | ||
| Q3 25 | — | 26.72× | ||
| Q2 25 | — | 7.76× | ||
| Q1 25 | — | -0.61× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.46× | ||
| Q1 24 | — | 8.86× |
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% |
WTTR
| Water Services | $178.3M | 51% |
| Marcellus Utica | $38.6M | 11% |
| Rockies | $38.3M | 11% |
| Eagle Ford | $28.2M | 8% |
| Midcon | $23.0M | 7% |
| Haynesville E.Texas | $19.1M | 6% |
| Bakken | $17.3M | 5% |
| Eliminations And Other Geographical Regions | $3.6M | 1% |
