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微宏控股（MVST）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Ranger Energy Services, Inc.的季度营收约是微宏控股的1.5倍（$142.2M vs $96.4M），微宏控股净利率更高（17.2% vs 2.3%，领先14.9%），Ranger Energy Services, Inc.同比增速更快（-0.6% vs -15.0%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $15.8M），过去两年微宏控股的营收复合增速更高（8.9% vs 1.9%）
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
MVST vs RNGR — 直观对比
营收规模更大
RNGR
是对方的1.5倍
$96.4M
营收增速更快
RNGR
高出14.4%
-15.0%
净利率更高
MVST
高出14.9%
2.3%
自由现金流更多
RNGR
多$1.3M
$15.8M
两年增速更快
MVST
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $96.4M | $142.2M |
| 净利润 | $16.5M | $3.2M |
| 毛利率 | 1.0% | — |
| 营业利润率 | -42.7% | 2.3% |
| 净利率 | 17.2% | 2.3% |
| 营收同比 | -15.0% | -0.6% |
| 净利润同比 | 120.1% | -44.8% |
| 每股收益（稀释后） | $0.19 | $0.14 |
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MVSTRNGR
| Q4 25 | $96.4M | $142.2M | ||
| Q3 25 | $123.3M | $128.9M | ||
| Q2 25 | $91.3M | $140.6M | ||
| Q1 25 | $116.5M | $135.2M | ||
| Q4 24 | $113.4M | $143.1M | ||
| Q3 24 | $101.4M | $153.0M | ||
| Q2 24 | $83.7M | $138.1M | ||
| Q1 24 | $81.4M | $136.9M |
净利润MVSTRNGR
| Q4 25 | $16.5M | $3.2M | ||
| Q3 25 | $-1.5M | $1.2M | ||
| Q2 25 | $-106.1M | $7.3M | ||
| Q1 25 | $61.8M | $600.0K | ||
| Q4 24 | $-82.3M | $5.8M | ||
| Q3 24 | $13.2M | $8.7M | ||
| Q2 24 | $-101.6M | $4.7M | ||
| Q1 24 | $-24.8M | $-800.0K |
毛利率MVSTRNGR
| Q4 25 | 1.0% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 36.9% | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 33.2% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 21.2% | — |
营业利润率MVSTRNGR
| Q4 25 | -42.7% | 2.3% | ||
| Q3 25 | 10.5% | 2.0% | ||
| Q2 25 | 17.8% | 6.1% | ||
| Q1 25 | 16.3% | 0.7% | ||
| Q4 24 | -1.2% | 6.2% | ||
| Q3 24 | 7.1% | 8.4% | ||
| Q2 24 | -118.0% | 5.3% | ||
| Q1 24 | -28.4% | -0.4% |
净利率MVSTRNGR
| Q4 25 | 17.2% | 2.3% | ||
| Q3 25 | -1.2% | 0.9% | ||
| Q2 25 | -116.1% | 5.2% | ||
| Q1 25 | 53.0% | 0.4% | ||
| Q4 24 | -72.6% | 4.1% | ||
| Q3 24 | 13.1% | 5.7% | ||
| Q2 24 | -121.4% | 3.4% | ||
| Q1 24 | -30.5% | -0.6% |
每股收益（稀释后）MVSTRNGR
| Q4 25 | $0.19 | $0.14 | ||
| Q3 25 | $0.00 | $0.05 | ||
| Q2 25 | $-0.33 | $0.32 | ||
| Q1 25 | $0.05 | $0.03 | ||
| Q4 24 | $-0.24 | $0.24 | ||
| Q3 24 | $0.03 | $0.39 | ||
| Q2 24 | $-0.32 | $0.21 | ||
| Q1 24 | $-0.08 | $-0.03 |
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 | $105.0M | $10.3M |
| 总债务越低越好 | $13.2M | — |
| 股东权益账面价值 | $410.5M | $300.1M |
| 总资产 | $1.0B | $419.3M |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资MVSTRNGR
| Q4 25 | $105.0M | $10.3M | ||
| Q3 25 | $90.7M | $45.2M | ||
| Q2 25 | $99.7M | $48.9M | ||
| Q1 25 | $90.9M | $40.3M | ||
| Q4 24 | $73.0M | $40.9M | ||
| Q3 24 | $63.6M | $14.8M | ||
| Q2 24 | $68.2M | $8.7M | ||
| Q1 24 | $39.5M | $11.1M |
总债务MVSTRNGR
| Q4 25 | $13.2M | — | ||
| Q3 25 | $34.4M | — | ||
| Q2 25 | $34.2M | — | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $41.1M | $0 | ||
| Q3 24 | $53.4M | $0 | ||
| Q2 24 | $34.2M | $0 | ||
| Q1 24 | $43.0M | $0 |
股东权益MVSTRNGR
| Q4 25 | $410.5M | $300.1M | ||
| Q3 25 | $358.1M | $270.0M | ||
| Q2 25 | $356.1M | $276.9M | ||
| Q1 25 | $454.2M | $272.6M | ||
| Q4 24 | $387.9M | $273.8M | ||
| Q3 24 | $486.1M | $267.6M | ||
| Q2 24 | $455.0M | $260.5M | ||
| Q1 24 | $546.1M | $261.7M |
总资产MVSTRNGR
| Q4 25 | $1.0B | $419.3M | ||
| Q3 25 | $1.0B | $372.8M | ||
| Q2 25 | $1.0B | $381.7M | ||
| Q1 25 | $982.9M | $376.5M | ||
| Q4 24 | $951.9M | $381.6M | ||
| Q3 24 | $997.9M | $373.9M | ||
| Q2 24 | $961.4M | $359.6M | ||
| Q1 24 | $1.0B | $355.5M |
负债/权益比MVSTRNGR
| Q4 25 | 0.03× | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 0.10× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.11× | 0.00× | ||
| Q3 24 | 0.11× | 0.00× | ||
| Q2 24 | 0.08× | 0.00× | ||
| Q1 24 | 0.08× | 0.00× |
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 | $16.4M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $15.8M | $17.1M |
| 自由现金流率自由现金流/营收 | 16.4% | 12.0% |
| 资本支出强度资本支出/营收 | 0.7% | 4.9% |
| 现金转化率经营现金流/净利润 | 0.99× | 7.53× |
| 过去12个月自由现金流最近4个季度 | $56.1M | $42.9M |
8季度趋势，按日历期对齐
经营现金流MVSTRNGR
| Q4 25 | $16.4M | $24.1M | ||
| Q3 25 | $15.2M | $13.6M | ||
| Q2 25 | $37.2M | $20.7M | ||
| Q1 25 | $7.2M | $10.6M | ||
| Q4 24 | $6.1M | $32.7M | ||
| Q3 24 | $-5.4M | $17.7M | ||
| Q2 24 | $111.0K | $22.1M | ||
| Q1 24 | $2.0M | $12.0M |
自由现金流MVSTRNGR
| Q4 25 | $15.8M | $17.1M | ||
| Q3 25 | $1.2M | $8.0M | ||
| Q2 25 | $34.3M | $14.4M | ||
| Q1 25 | $4.8M | $3.4M | ||
| Q4 24 | $5.7M | $27.3M | ||
| Q3 24 | $-19.6M | $10.8M | ||
| Q2 24 | $-2.8M | $6.8M | ||
| Q1 24 | $-8.2M | $5.5M |
自由现金流率MVSTRNGR
| Q4 25 | 16.4% | 12.0% | ||
| Q3 25 | 1.0% | 6.2% | ||
| Q2 25 | 37.5% | 10.2% | ||
| Q1 25 | 4.1% | 2.5% | ||
| Q4 24 | 5.1% | 19.1% | ||
| Q3 24 | -19.3% | 7.1% | ||
| Q2 24 | -3.4% | 4.9% | ||
| Q1 24 | -10.1% | 4.0% |
资本支出强度MVSTRNGR
| Q4 25 | 0.7% | 4.9% | ||
| Q3 25 | 11.3% | 4.3% | ||
| Q2 25 | 3.1% | 4.5% | ||
| Q1 25 | 2.0% | 5.3% | ||
| Q4 24 | 0.3% | 3.8% | ||
| Q3 24 | 14.0% | 4.5% | ||
| Q2 24 | 3.5% | 11.1% | ||
| Q1 24 | 12.6% | 4.7% |
现金转化率MVSTRNGR
| Q4 25 | 0.99× | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | 0.12× | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | -0.41× | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | — | — |
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
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
