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Liberty Energy Inc.（LBRT）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
Liberty Energy Inc.的季度营收约是National Energy Services Reunited Corp.的3.5倍（$1.0B vs $295.3M）。National Energy Services Reunited Corp.净利率更高（6.0% vs 2.2%，领先3.8%）。Liberty Energy Inc.同比增速更快（4.5% vs -12.2%）
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。
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。
LBRT vs NESR — 直观对比
营收规模更大
LBRT
是对方的3.5倍
$295.3M
营收增速更快
LBRT
高出16.6%
-12.2%
净利率更高
NESR
高出3.8%
2.2%
损益表 — Q1 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $295.3M |
| 净利润 | $22.6M | $17.7M |
| 毛利率 | — | 12.0% |
| 营业利润率 | 2.2% | 6.6% |
| 净利率 | 2.2% | 6.0% |
| 营收同比 | 4.5% | -12.2% |
| 净利润同比 | 64.8% | -14.0% |
| 每股收益（稀释后） | $0.14 | $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
营收LBRTNESR
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $947.4M | $295.3M | ||
| Q2 25 | $1.0B | $327.4M | ||
| Q1 25 | $977.5M | $303.1M | ||
| Q4 24 | $943.6M | — | ||
| Q3 24 | $1.1B | $336.2M | ||
| Q2 24 | $1.2B | $325.0M |
净利润LBRTNESR
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $43.1M | $17.7M | ||
| Q2 25 | $71.0M | $15.2M | ||
| Q1 25 | $20.1M | $10.4M | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $73.8M | $20.6M | ||
| Q2 24 | $108.4M | $18.9M |
毛利率LBRTNESR
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | 12.0% | ||
| Q2 25 | 22.1% | 13.4% | ||
| Q1 25 | 22.1% | 12.4% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 26.2% | 15.9% | ||
| Q2 24 | 27.9% | 16.4% |
营业利润率LBRTNESR
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | -0.3% | 6.6% | ||
| Q2 25 | 3.6% | 8.3% | ||
| Q1 25 | 1.9% | 6.9% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 9.4% | 10.5% | ||
| Q2 24 | 12.2% | 10.5% |
净利率LBRTNESR
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 4.5% | 6.0% | ||
| Q2 25 | 6.8% | 4.6% | ||
| Q1 25 | 2.1% | 3.4% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 6.5% | 6.1% | ||
| Q2 24 | 9.3% | 5.8% |
每股收益（稀释后）LBRTNESR
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.26 | $0.18 | ||
| Q2 25 | $0.43 | $0.16 | ||
| Q1 25 | $0.12 | $0.11 | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.44 | $0.22 | ||
| Q2 24 | $0.64 | $0.20 |
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 | $69.7M |
| 总债务越低越好 | $7.1M | $274.1M |
| 股东权益账面价值 | $1.9B | $956.7M |
| 总资产 | $4.4B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资LBRTNESR
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | — | ||
| Q3 25 | $13.5M | $69.7M | ||
| Q2 25 | $19.6M | $131.8M | ||
| Q1 25 | $24.1M | $78.7M | ||
| Q4 24 | $20.0M | — | ||
| Q3 24 | $23.0M | $118.2M | ||
| Q2 24 | $30.0M | $75.0M |
总债务LBRTNESR
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | $274.1M | ||
| Q2 25 | — | $291.7M | ||
| Q1 25 | — | $309.2M | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | $358.7M | ||
| Q2 24 | — | $376.7M |
股东权益LBRTNESR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $956.7M | ||
| Q2 25 | $2.0B | $936.9M | ||
| Q1 25 | $2.0B | $920.5M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $873.5M | ||
| Q2 24 | $1.9B | $851.4M |
总资产LBRTNESR
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.5B | $1.8B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.4B | $1.8B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.2B | $1.8B |
负债/权益比LBRTNESR
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.44× |
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 | — | $6.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-34.1M |
| 自由现金流率自由现金流/营收 | — | -11.5% |
| 资本支出强度资本支出/营收 | 13.1% | 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 | — | $68.5M |
8季度趋势，按日历期对齐
经营现金流LBRTNESR
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | — | ||
| Q3 25 | $51.5M | $6.7M | ||
| Q2 25 | $170.6M | $98.5M | ||
| Q1 25 | $192.1M | $20.5M | ||
| Q4 24 | $177.3M | — | ||
| Q3 24 | $244.5M | $70.8M | ||
| Q2 24 | $248.2M | — |
自由现金流LBRTNESR
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $-67.2M | $-34.1M | ||
| Q2 25 | $33.1M | $68.7M | ||
| Q1 25 | $58.2M | $-9.6M | ||
| Q4 24 | $-26.2M | — | ||
| Q3 24 | $77.9M | $43.4M | ||
| Q2 24 | $112.2M | — |
自由现金流率LBRTNESR
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | -7.1% | -11.5% | ||
| Q2 25 | 3.2% | 21.0% | ||
| Q1 25 | 6.0% | -3.2% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | 6.8% | 12.9% | ||
| Q2 24 | 9.7% | — |
资本支出强度LBRTNESR
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 12.5% | 13.8% | ||
| Q2 25 | 13.2% | 9.1% | ||
| Q1 25 | 13.7% | 9.9% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 14.6% | 8.1% | ||
| Q2 24 | 11.7% | — |
现金转化率LBRTNESR
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | 0.38× | ||
| Q2 25 | 2.40× | 6.48× | ||
| Q1 25 | 9.55× | 1.97× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 3.43× | ||
| 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
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
