vs
Liberty Energy Inc.（LBRT）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是Liberty Energy Inc.的1.6倍（$1.7B vs $1.0B），Liberty Energy Inc.净利率更高（2.2% vs -2.8%，领先5.1%），北极星同比增速更快（8.0% vs 4.5%），过去两年Liberty Energy Inc.的营收复合增速更高（-6.2% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
LBRT vs PII — 直观对比
营收规模更大
PII
是对方的1.6倍
$1.0B
营收增速更快
PII
高出3.5%
4.5%
净利率更高
LBRT
高出5.1%
-2.8%
两年增速更快
LBRT
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.7B |
| 净利润 | $22.6M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 2.2% | 76.5% |
| 净利率 | 2.2% | -2.8% |
| 营收同比 | 4.5% | 8.0% |
| 净利润同比 | — | 29.0% |
| 每股收益（稀释后） | $0.14 | $-0.83 |
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LBRTPII
| Q1 26 | $1.0B | $1.7B | ||
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $947.4M | $1.8B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $977.5M | $1.5B | ||
| Q4 24 | $943.6M | $1.8B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.2B | $2.0B |
净利润LBRTPII
| Q1 26 | $22.6M | $-47.2M | ||
| Q4 25 | $13.7M | $-303.6M | ||
| Q3 25 | $43.1M | $-15.8M | ||
| Q2 25 | $71.0M | $-79.3M | ||
| Q1 25 | $20.1M | $-66.8M | ||
| Q4 24 | $51.9M | $10.6M | ||
| Q3 24 | $73.8M | $27.7M | ||
| Q2 24 | $108.4M | $68.7M |
毛利率LBRTPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 20.6% | 20.0% | ||
| Q3 25 | 18.7% | 20.7% | ||
| Q2 25 | 22.1% | 19.4% | ||
| Q1 25 | 22.1% | 16.0% | ||
| Q4 24 | 21.4% | 20.4% | ||
| Q3 24 | 26.2% | 20.6% | ||
| Q2 24 | 27.9% | 21.6% |
营业利润率LBRTPII
| Q1 26 | 2.2% | 76.5% | ||
| Q4 25 | 1.9% | -16.7% | ||
| Q3 25 | -0.3% | 1.1% | ||
| Q2 25 | 3.6% | -0.7% | ||
| Q1 25 | 1.9% | -2.4% | ||
| Q4 24 | 2.6% | 3.7% | ||
| Q3 24 | 9.4% | 3.8% | ||
| Q2 24 | 12.2% | 6.1% |
净利率LBRTPII
| Q1 26 | 2.2% | -2.8% | ||
| Q4 25 | 1.3% | -15.8% | ||
| Q3 25 | 4.5% | -0.9% | ||
| Q2 25 | 6.8% | -4.3% | ||
| Q1 25 | 2.1% | -4.3% | ||
| Q4 24 | 5.5% | 0.6% | ||
| Q3 24 | 6.5% | 1.6% | ||
| Q2 24 | 9.3% | 3.5% |
每股收益（稀释后）LBRTPII
| Q1 26 | $0.14 | $-0.83 | ||
| Q4 25 | $0.08 | $-5.34 | ||
| Q3 25 | $0.26 | $-0.28 | ||
| Q2 25 | $0.43 | $-1.39 | ||
| Q1 25 | $0.12 | $-1.17 | ||
| Q4 24 | $0.31 | $0.18 | ||
| Q3 24 | $0.44 | $0.49 | ||
| 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 | $282.0M |
| 总债务越低越好 | $7.1M | — |
| 股东权益账面价值 | $1.9B | $750.4M |
| 总资产 | $4.4B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRTPII
| Q1 26 | $699.1M | $282.0M | ||
| Q4 25 | $27.6M | $138.0M | ||
| Q3 25 | $13.5M | $335.5M | ||
| Q2 25 | $19.6M | $324.3M | ||
| Q1 25 | $24.1M | $291.7M | ||
| Q4 24 | $20.0M | $287.8M | ||
| Q3 24 | $23.0M | $291.3M | ||
| Q2 24 | $30.0M | $322.7M |
总债务LBRTPII
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $190.5M | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益LBRTPII
| Q1 26 | $1.9B | $750.4M | ||
| Q4 25 | $2.1B | $828.4M | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B |
总资产LBRTPII
| Q1 26 | $4.4B | $5.2B | ||
| Q4 25 | $3.6B | $4.9B | ||
| Q3 25 | $3.5B | $5.3B | ||
| Q2 25 | $3.4B | $5.4B | ||
| Q1 25 | $3.4B | $5.5B | ||
| Q4 24 | $3.3B | $5.5B | ||
| Q3 24 | $3.3B | $5.6B | ||
| Q2 24 | $3.2B | $5.7B |
负债/权益比LBRTPII
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 0.10× | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 资本支出强度资本支出/营收 | 13.1% | — |
| 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 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流LBRTPII
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $178.7M | ||
| Q3 25 | $51.5M | $158.8M | ||
| Q2 25 | $170.6M | $320.3M | ||
| Q1 25 | $192.1M | $83.2M | ||
| Q4 24 | $177.3M | $206.3M | ||
| Q3 24 | $244.5M | $21.0M | ||
| Q2 24 | $248.2M | $146.3M |
自由现金流LBRTPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $-10.0M | $114.0M | ||
| Q3 25 | $-67.2M | $116.7M | ||
| Q2 25 | $33.1M | $279.8M | ||
| Q1 25 | $58.2M | $47.6M | ||
| Q4 24 | $-26.2M | $137.3M | ||
| Q3 24 | $77.9M | $-32.4M | ||
| Q2 24 | $112.2M | $79.1M |
自由现金流率LBRTPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | -1.0% | 5.9% | ||
| Q3 25 | -7.1% | 6.3% | ||
| Q2 25 | 3.2% | 15.1% | ||
| Q1 25 | 6.0% | 3.1% | ||
| Q4 24 | -2.8% | 7.8% | ||
| Q3 24 | 6.8% | -1.9% | ||
| Q2 24 | 9.7% | 4.0% |
资本支出强度LBRTPII
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 3.4% | ||
| Q3 25 | 12.5% | 2.3% | ||
| Q2 25 | 13.2% | 2.2% | ||
| Q1 25 | 13.7% | 2.3% | ||
| Q4 24 | 21.6% | 3.9% | ||
| Q3 24 | 14.6% | 3.1% | ||
| Q2 24 | 11.7% | 3.4% |
现金转化率LBRTPII
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 9.55× | — | ||
| Q4 24 | 3.42× | 19.46× | ||
| Q3 24 | 3.31× | 0.76× | ||
| Q2 24 | 2.29× | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
