vs
Liberty Energy Inc.（LBRT）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是Liberty Energy Inc.的1.4倍（$1.4B vs $1.0B），希悦尔净利率更高（3.1% vs 2.2%，领先0.9%），Liberty Energy Inc.同比增速更快（4.5% vs 2.6%），过去两年希悦尔的营收复合增速更高（2.7% 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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
LBRT vs SEE — 直观对比
营收规模更大
SEE
是对方的1.4倍
$1.0B
营收增速更快
LBRT
高出1.9%
2.6%
净利率更高
SEE
高出0.9%
2.2%
两年增速更快
SEE
近两年复合增速
-6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $22.6M | $43.8M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 2.2% | 11.4% |
| 净利率 | 2.2% | 3.1% |
| 营收同比 | 4.5% | 2.6% |
| 净利润同比 | 64.8% | 700.0% |
| 每股收益（稀释后） | $0.14 | $0.30 |
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LBRTSEE
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $947.4M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $977.5M | $1.3B | ||
| Q4 24 | $943.6M | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
净利润LBRTSEE
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $43.8M | ||
| Q3 25 | $43.1M | $255.1M | ||
| Q2 25 | $71.0M | $93.1M | ||
| Q1 25 | $20.1M | $113.5M | ||
| Q4 24 | $51.9M | $-7.3M | ||
| Q3 24 | $73.8M | $91.7M | ||
| Q2 24 | $108.4M | $98.3M |
毛利率LBRTSEE
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 28.6% | ||
| Q3 25 | 18.7% | 29.8% | ||
| Q2 25 | 22.1% | 30.7% | ||
| Q1 25 | 22.1% | 30.9% | ||
| Q4 24 | 21.4% | 30.0% | ||
| Q3 24 | 26.2% | 30.1% | ||
| Q2 24 | 27.9% | 31.2% |
营业利润率LBRTSEE
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 11.4% | ||
| Q3 25 | -0.3% | 13.8% | ||
| Q2 25 | 3.6% | 15.0% | ||
| Q1 25 | 1.9% | 14.5% | ||
| Q4 24 | 2.6% | 11.7% | ||
| Q3 24 | 9.4% | 13.9% | ||
| Q2 24 | 12.2% | 15.4% |
净利率LBRTSEE
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 3.1% | ||
| Q3 25 | 4.5% | 19.0% | ||
| Q2 25 | 6.8% | 7.0% | ||
| Q1 25 | 2.1% | 9.0% | ||
| Q4 24 | 5.5% | -0.5% | ||
| Q3 24 | 6.5% | 6.9% | ||
| Q2 24 | 9.3% | 7.4% |
每股收益（稀释后）LBRTSEE
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.30 | ||
| Q3 25 | $0.26 | $1.73 | ||
| Q2 25 | $0.43 | $0.63 | ||
| Q1 25 | $0.12 | $0.77 | ||
| Q4 24 | $0.31 | $-0.05 | ||
| Q3 24 | $0.44 | $0.63 | ||
| Q2 24 | $0.64 | $0.67 |
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 | $344.0M |
| 总债务越低越好 | $7.1M | $3.3B |
| 股东权益账面价值 | $1.9B | $1.2B |
| 总资产 | $4.4B | $7.0B |
| 负债/权益比越低杠杆越低 | 0.00× | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资LBRTSEE
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $344.0M | ||
| Q3 25 | $13.5M | $282.5M | ||
| Q2 25 | $19.6M | $354.4M | ||
| Q1 25 | $24.1M | $335.2M | ||
| Q4 24 | $20.0M | $371.8M | ||
| Q3 24 | $23.0M | $386.0M | ||
| Q2 24 | $30.0M | $388.6M |
总债务LBRTSEE
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $190.5M | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B |
股东权益LBRTSEE
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.0B | $953.1M | ||
| Q1 25 | $2.0B | $797.9M | ||
| Q4 24 | $2.0B | $624.5M | ||
| Q3 24 | $2.0B | $771.2M | ||
| Q2 24 | $1.9B | $650.1M |
总资产LBRTSEE
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $7.0B | ||
| Q3 25 | $3.5B | $7.1B | ||
| Q2 25 | $3.4B | $7.2B | ||
| Q1 25 | $3.4B | $7.0B | ||
| Q4 24 | $3.3B | $7.0B | ||
| Q3 24 | $3.3B | $7.3B | ||
| Q2 24 | $3.2B | $7.3B |
负债/权益比LBRTSEE
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | 0.10× | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× |
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 | — | $293.6M |
| 自由现金流经营现金流 - 资本支出 | — | $257.7M |
| 自由现金流率自由现金流/营收 | — | 18.5% |
| 资本支出强度资本支出/营收 | 13.1% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 6.70× |
| 过去12个月自由现金流最近4个季度 | — | $458.5M |
8季度趋势，按日历期对齐
经营现金流LBRTSEE
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $293.6M | ||
| Q3 25 | $51.5M | $165.9M | ||
| Q2 25 | $170.6M | $136.6M | ||
| Q1 25 | $192.1M | $31.9M | ||
| Q4 24 | $177.3M | $244.2M | ||
| Q3 24 | $244.5M | $170.5M | ||
| Q2 24 | $248.2M | $188.2M |
自由现金流LBRTSEE
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $257.7M | ||
| Q3 25 | $-67.2M | $119.6M | ||
| Q2 25 | $33.1M | $93.2M | ||
| Q1 25 | $58.2M | $-12.0M | ||
| Q4 24 | $-26.2M | $185.1M | ||
| Q3 24 | $77.9M | $115.2M | ||
| Q2 24 | $112.2M | $129.5M |
自由现金流率LBRTSEE
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 18.5% | ||
| Q3 25 | -7.1% | 8.9% | ||
| Q2 25 | 3.2% | 7.0% | ||
| Q1 25 | 6.0% | -0.9% | ||
| Q4 24 | -2.8% | 13.6% | ||
| Q3 24 | 6.8% | 8.6% | ||
| Q2 24 | 9.7% | 9.7% |
资本支出强度LBRTSEE
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 2.6% | ||
| Q3 25 | 12.5% | 3.4% | ||
| Q2 25 | 13.2% | 3.3% | ||
| Q1 25 | 13.7% | 3.5% | ||
| Q4 24 | 21.6% | 4.4% | ||
| Q3 24 | 14.6% | 4.1% | ||
| Q2 24 | 11.7% | 4.4% |
现金转化率LBRTSEE
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 6.70× | ||
| Q3 25 | 1.20× | 0.65× | ||
| Q2 25 | 2.40× | 1.47× | ||
| Q1 25 | 9.55× | 0.28× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 1.86× | ||
| Q2 24 | 2.29× | 1.91× |
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
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
