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KNOT Offshore Partners LP（KNOP）与TIDEWATER INC（TDW）财务数据对比。点击上方公司名可切换其他公司
TIDEWATER INC的季度营收约是KNOT Offshore Partners LP的3.9倍（$336.8M vs $87.1M）。TIDEWATER INC净利率更高（65.3% vs 7.8%，领先57.5%）。KNOT Offshore Partners LP同比增速更快（17.0% vs -2.4%）
KNOT Offshore Partners LP是一家专业持有、运营和租赁穿梭油轮的公开上市有限合伙企业，主要为北海、巴西、西非等区域的海上油气开采运营商提供船舶租赁及配套物流服务，支持海上能源开发运输需求。
Tidewater Inc.是一家公开上市的国际石油服务企业，总部位于美国得克萨斯州休斯敦。公司运营专业船舶船队，主要为海上油气、海上风电行业提供船舶租赁及相关海事服务，是全球海洋能源服务领域的重要参与者。
KNOP vs TDW — 直观对比
营收规模更大
TDW
是对方的3.9倍
$87.1M
营收增速更快
KNOP
高出19.4%
-2.4%
净利率更高
TDW
高出57.5%
7.8%
损益表 — Q2 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $87.1M | $336.8M |
| 净利润 | $6.8M | $219.9M |
| 毛利率 | — | — |
| 营业利润率 | 25.5% | 19.0% |
| 净利率 | 7.8% | 65.3% |
| 营收同比 | 17.0% | -2.4% |
| 净利润同比 | 153.0% | 495.8% |
| 每股收益（稀释后） | — | $4.37 |
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KNOPTDW
| Q4 25 | — | $336.8M | ||
| Q3 25 | — | $341.1M | ||
| Q2 25 | $87.1M | $341.4M | ||
| Q1 25 | — | $333.4M | ||
| Q4 24 | — | $345.1M | ||
| Q3 24 | — | $340.4M | ||
| Q2 24 | $74.4M | $339.2M | ||
| Q1 24 | — | $321.2M |
净利润KNOPTDW
| Q4 25 | — | $219.9M | ||
| Q3 25 | — | $-806.0K | ||
| Q2 25 | $6.8M | $72.9M | ||
| Q1 25 | — | $42.7M | ||
| Q4 24 | — | $36.9M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | $-12.9M | $50.4M | ||
| Q1 24 | — | $47.0M |
营业利润率KNOPTDW
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | 25.5% | 23.7% | ||
| Q1 25 | — | 22.5% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | 1.8% | 23.0% | ||
| Q1 24 | — | 25.5% |
净利率KNOPTDW
| Q4 25 | — | 65.3% | ||
| Q3 25 | — | -0.2% | ||
| Q2 25 | 7.8% | 21.4% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | -17.3% | 14.8% | ||
| Q1 24 | — | 14.6% |
每股收益（稀释后）KNOPTDW
| Q4 25 | — | $4.37 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $1.46 | ||
| Q1 25 | — | $0.83 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.87 | ||
| Q2 24 | — | $0.94 | ||
| Q1 24 | — | $0.89 |
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 | $66.3M | $578.8M |
| 总债务越低越好 | $914.5M | $670.1M |
| 股东权益账面价值 | — | $1.4B |
| 总资产 | $1.6B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资KNOPTDW
| Q4 25 | — | $578.8M | ||
| Q3 25 | — | $428.2M | ||
| Q2 25 | $66.3M | $369.4M | ||
| Q1 25 | — | $341.8M | ||
| Q4 24 | — | $324.9M | ||
| Q3 24 | — | $280.8M | ||
| Q2 24 | $56.6M | $315.9M | ||
| Q1 24 | — | $280.9M |
总债务KNOPTDW
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | $914.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | $895.4M | — | ||
| Q1 24 | — | — |
股东权益KNOPTDW
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
总资产KNOPTDW
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $1.5B | $2.1B | ||
| Q1 24 | — | $2.1B |
负债/权益比KNOPTDW
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | — | $153.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.8M |
| 自由现金流率自由现金流/营收 | — | 43.9% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | — | 0.70× |
| 过去12个月自由现金流最近4个季度 | — | $353.3M |
8季度趋势，按日历期对齐
经营现金流KNOPTDW
| Q4 25 | — | $153.0M | ||
| Q3 25 | — | $54.7M | ||
| Q2 25 | — | $85.4M | ||
| Q1 25 | — | $86.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $49.0M | ||
| Q2 24 | — | $78.6M | ||
| Q1 24 | — | $54.8M |
自由现金流KNOPTDW
| Q4 25 | — | $147.8M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | — | $80.2M | ||
| Q1 25 | — | $75.7M | ||
| Q4 24 | — | $95.5M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $72.3M | ||
| Q1 24 | — | $43.8M |
自由现金流率KNOPTDW
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 13.6% |
资本支出强度KNOPTDW
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.4% |
现金转化率KNOPTDW
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 1.16× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
