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Liberty Energy Inc.（LBRT）与NCS Multistage Holdings, Inc.（NCSM）财务数据对比。点击上方公司名可切换其他公司
Liberty Energy Inc.的季度营收约是NCS Multistage Holdings, Inc.的20.2倍（$1.0B vs $50.6M）。NCS Multistage Holdings, Inc.净利率更高（29.5% vs 2.2%，领先27.3%）。NCS Multistage Holdings, Inc.同比增速更快（12.5% vs 4.5%）。过去两年NCS Multistage Holdings, Inc.的营收复合增速更高（7.4% vs -6.2%）
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
NCS Multistage Holdings是一家全球能源技术与油田服务提供商，主营油气勘探生产用的完井系统与多级压裂工具，服务覆盖北美、拉美、中东及亚太市场，助力上游能源客户提升作业效率与资源采收率。
LBRT vs NCSM — 直观对比
营收规模更大
LBRT
是对方的20.2倍
$50.6M
营收增速更快
NCSM
高出8.0%
4.5%
净利率更高
NCSM
高出27.3%
2.2%
两年增速更快
NCSM
近两年复合增速
-6.2%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $50.6M |
| 净利润 | $22.6M | $15.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | 10.3% |
| 净利率 | 2.2% | 29.5% |
| 营收同比 | 4.5% | 12.5% |
| 净利润同比 | 64.8% | 331.0% |
| 每股收益（稀释后） | $0.14 | $5.43 |
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LBRTNCSM
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $50.6M | ||
| Q3 25 | $947.4M | $46.5M | ||
| Q2 25 | $1.0B | $36.5M | ||
| Q1 25 | $977.5M | $50.0M | ||
| Q4 24 | $943.6M | $45.0M | ||
| Q3 24 | $1.1B | $44.0M | ||
| Q2 24 | $1.2B | $29.7M |
净利润LBRTNCSM
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $15.0M | ||
| Q3 25 | $43.1M | $3.8M | ||
| Q2 25 | $71.0M | $924.0K | ||
| Q1 25 | $20.1M | $4.1M | ||
| Q4 24 | $51.9M | $3.5M | ||
| Q3 24 | $73.8M | $4.1M | ||
| Q2 24 | $108.4M | $-3.1M |
毛利率LBRTNCSM
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.9% | — |
营业利润率LBRTNCSM
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 10.3% | ||
| Q3 25 | -0.3% | 6.6% | ||
| Q2 25 | 3.6% | -5.6% | ||
| Q1 25 | 1.9% | 8.6% | ||
| Q4 24 | 2.6% | 6.5% | ||
| Q3 24 | 9.4% | 6.9% | ||
| Q2 24 | 12.2% | -14.0% |
净利率LBRTNCSM
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 29.5% | ||
| Q3 25 | 4.5% | 8.2% | ||
| Q2 25 | 6.8% | 2.5% | ||
| Q1 25 | 2.1% | 8.1% | ||
| Q4 24 | 5.5% | 7.7% | ||
| Q3 24 | 6.5% | 9.4% | ||
| Q2 24 | 9.3% | -10.4% |
每股收益（稀释后）LBRTNCSM
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $5.43 | ||
| Q3 25 | $0.26 | $1.37 | ||
| Q2 25 | $0.43 | $0.34 | ||
| Q1 25 | $0.12 | $1.51 | ||
| Q4 24 | $0.31 | $1.34 | ||
| Q3 24 | $0.44 | $1.60 | ||
| Q2 24 | $0.64 | $-1.21 |
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 | $699.1M | $36.7M |
| 总债务越低越好 | $7.1M | $5.3M |
| 股东权益账面价值 | $1.9B | $126.2M |
| 总资产 | $4.4B | $181.2M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资LBRTNCSM
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $36.7M | ||
| Q3 25 | $13.5M | $25.3M | ||
| Q2 25 | $19.6M | $25.4M | ||
| Q1 25 | $24.1M | $23.0M | ||
| Q4 24 | $20.0M | $25.9M | ||
| Q3 24 | $23.0M | $15.3M | ||
| Q2 24 | $30.0M | $18.6M |
总债务LBRTNCSM
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $5.3M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $5.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $190.5M | $6.0M | ||
| Q3 24 | — | $6.5M | ||
| Q2 24 | — | $6.8M |
股东权益LBRTNCSM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $126.2M | ||
| Q3 25 | $2.1B | $110.1M | ||
| Q2 25 | $2.0B | $106.4M | ||
| Q1 25 | $2.0B | $103.2M | ||
| Q4 24 | $2.0B | $98.8M | ||
| Q3 24 | $2.0B | $96.0M | ||
| Q2 24 | $1.9B | $91.0M |
总资产LBRTNCSM
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $181.2M | ||
| Q3 25 | $3.5B | $162.0M | ||
| Q2 25 | $3.4B | $158.0M | ||
| Q1 25 | $3.4B | $155.1M | ||
| Q4 24 | $3.3B | $152.8M | ||
| Q3 24 | $3.3B | $145.8M | ||
| Q2 24 | $3.2B | $139.4M |
负债/权益比LBRTNCSM
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.04× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | 0.10× | 0.06× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.08× |
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 | — | $13.1M |
| 自由现金流经营现金流 - 资本支出 | — | $12.9M |
| 自由现金流率自由现金流/营收 | — | 25.5% |
| 资本支出强度资本支出/营收 | 13.1% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $21.0M |
8季度趋势，按日历期对齐
经营现金流LBRTNCSM
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $13.1M | ||
| Q3 25 | $51.5M | $7.2M | ||
| Q2 25 | $170.6M | $3.5M | ||
| Q1 25 | $192.1M | $-1.6M | ||
| Q4 24 | $177.3M | $10.6M | ||
| Q3 24 | $244.5M | $-2.0M | ||
| Q2 24 | $248.2M | $6.0M |
自由现金流LBRTNCSM
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $12.9M | ||
| Q3 25 | $-67.2M | $6.9M | ||
| Q2 25 | $33.1M | $3.2M | ||
| Q1 25 | $58.2M | $-2.1M | ||
| Q4 24 | $-26.2M | $10.4M | ||
| Q3 24 | $77.9M | $-2.5M | ||
| Q2 24 | $112.2M | $5.6M |
自由现金流率LBRTNCSM
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 25.5% | ||
| Q3 25 | -7.1% | 14.9% | ||
| Q2 25 | 3.2% | 8.9% | ||
| Q1 25 | 6.0% | -4.2% | ||
| Q4 24 | -2.8% | 23.1% | ||
| Q3 24 | 6.8% | -5.6% | ||
| Q2 24 | 9.7% | 19.0% |
资本支出强度LBRTNCSM
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 0.4% | ||
| Q3 25 | 12.5% | 0.5% | ||
| Q2 25 | 13.2% | 0.8% | ||
| Q1 25 | 13.7% | 0.9% | ||
| Q4 24 | 21.6% | 0.5% | ||
| Q3 24 | 14.6% | 1.0% | ||
| Q2 24 | 11.7% | 1.1% |
现金转化率LBRTNCSM
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 0.88× | ||
| Q3 25 | 1.20× | 1.88× | ||
| Q2 25 | 2.40× | 3.81× | ||
| Q1 25 | 9.55× | -0.41× | ||
| Q4 24 | 3.42× | 3.07× | ||
| Q3 24 | 3.31× | -0.49× | ||
| Q2 24 | 2.29× | — |
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
LBRT
暂无分部数据
NCSM
| Products | $33.8M | 67% |
| Services | $16.8M | 33% |
