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NCS Multistage Holdings, Inc.（NCSM）与OCEANEERING INTERNATIONAL INC（OII）财务数据对比。点击上方公司名可切换其他公司
OCEANEERING INTERNATIONAL INC的季度营收约是NCS Multistage Holdings, Inc.的13.7倍（$692.4M vs $50.6M）。NCS Multistage Holdings, Inc.净利率更高（29.5% vs 5.2%，领先24.3%）。NCS Multistage Holdings, Inc.同比增速更快（12.5% vs 2.7%）。NCS Multistage Holdings, Inc.自由现金流更多（$12.9M vs $-76.5M）。过去两年NCS Multistage Holdings, Inc.的营收复合增速更高（7.4% vs 1.8%）
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。
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
NCSM vs OII — 直观对比
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $50.6M | $692.4M |
| 净利润 | $15.0M | $36.1M |
| 毛利率 | — | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 29.5% | 5.2% |
| 营收同比 | 12.5% | 2.7% |
| 净利润同比 | 331.0% | -79.7% |
| 每股收益（稀释后） | $5.43 | $0.36 |
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
| Q1 26 | — | $692.4M | ||
| Q4 25 | $50.6M | $668.6M | ||
| Q3 25 | $46.5M | $742.9M | ||
| Q2 25 | $36.5M | $698.2M | ||
| Q1 25 | $50.0M | $674.5M | ||
| Q4 24 | $45.0M | $713.5M | ||
| Q3 24 | $44.0M | $679.8M | ||
| Q2 24 | $29.7M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $15.0M | $177.7M | ||
| Q3 25 | $3.8M | $71.3M | ||
| Q2 25 | $924.0K | $54.4M | ||
| Q1 25 | $4.1M | $50.4M | ||
| Q4 24 | $3.5M | $56.1M | ||
| Q3 24 | $4.1M | $41.2M | ||
| Q2 24 | $-3.1M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 10.3% | 9.8% | ||
| Q3 25 | 6.6% | 11.6% | ||
| Q2 25 | -5.6% | 11.3% | ||
| Q1 25 | 8.6% | 10.9% | ||
| Q4 24 | 6.5% | 10.9% | ||
| Q3 24 | 6.9% | 10.5% | ||
| Q2 24 | -14.0% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 29.5% | 26.6% | ||
| Q3 25 | 8.2% | 9.6% | ||
| Q2 25 | 2.5% | 7.8% | ||
| Q1 25 | 8.1% | 7.5% | ||
| Q4 24 | 7.7% | 7.9% | ||
| Q3 24 | 9.4% | 6.1% | ||
| Q2 24 | -10.4% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $5.43 | $1.75 | ||
| Q3 25 | $1.37 | $0.71 | ||
| Q2 25 | $0.34 | $0.54 | ||
| Q1 25 | $1.51 | $0.49 | ||
| Q4 24 | $1.34 | $0.55 | ||
| Q3 24 | $1.60 | $0.40 | ||
| Q2 24 | $-1.21 | $0.34 |
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 | $36.7M | — |
| 总债务越低越好 | $5.3M | $488.8M |
| 股东权益账面价值 | $126.2M | $1.1B |
| 总资产 | $181.2M | $2.6B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.44× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $36.7M | $695.9M | ||
| Q3 25 | $25.3M | $7.0M | ||
| Q2 25 | $25.4M | $7.0M | ||
| Q1 25 | $23.0M | $7.0M | ||
| Q4 24 | $25.9M | $504.5M | ||
| Q3 24 | $15.3M | — | ||
| Q2 24 | $18.6M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $5.3M | $487.4M | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $6.0M | $482.0M | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $6.8M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $126.2M | $1.1B | ||
| Q3 25 | $110.1M | $907.7M | ||
| Q2 25 | $106.4M | $842.1M | ||
| Q1 25 | $103.2M | $773.1M | ||
| Q4 24 | $98.8M | $714.3M | ||
| Q3 24 | $96.0M | $698.0M | ||
| Q2 24 | $91.0M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $181.2M | $2.7B | ||
| Q3 25 | $162.0M | $2.5B | ||
| Q2 25 | $158.0M | $2.3B | ||
| Q1 25 | $155.1M | $2.3B | ||
| Q4 24 | $152.8M | $2.3B | ||
| Q3 24 | $145.8M | $2.4B | ||
| Q2 24 | $139.4M | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.04× | 0.46× | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.06× | 0.67× | ||
| 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 | $-76.5M |
| 自由现金流率自由现金流/营收 | 25.5% | -11.1% |
| 资本支出强度资本支出/营收 | 0.4% | 2.5% |
| 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 | $238.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $13.1M | $221.1M | ||
| Q3 25 | $7.2M | $101.3M | ||
| Q2 25 | $3.5M | $77.2M | ||
| Q1 25 | $-1.6M | $-80.7M | ||
| Q4 24 | $10.6M | $128.4M | ||
| Q3 24 | $-2.0M | $91.9M | ||
| Q2 24 | $6.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $12.9M | $190.7M | ||
| Q3 25 | $6.9M | $77.0M | ||
| Q2 25 | $3.2M | $46.9M | ||
| Q1 25 | $-2.1M | $-106.8M | ||
| Q4 24 | $10.4M | $94.5M | ||
| Q3 24 | $-2.5M | $67.0M | ||
| Q2 24 | $5.6M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 25.5% | 28.5% | ||
| Q3 25 | 14.9% | 10.4% | ||
| Q2 25 | 8.9% | 6.7% | ||
| Q1 25 | -4.2% | -15.8% | ||
| Q4 24 | 23.1% | 13.2% | ||
| Q3 24 | -5.6% | 9.9% | ||
| Q2 24 | 19.0% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 0.4% | 4.6% | ||
| Q3 25 | 0.5% | 3.3% | ||
| Q2 25 | 0.8% | 4.3% | ||
| Q1 25 | 0.9% | 3.9% | ||
| Q4 24 | 0.5% | 4.7% | ||
| Q3 24 | 1.0% | 3.7% | ||
| Q2 24 | 1.1% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | 1.24× | ||
| Q3 25 | 1.88× | 1.42× | ||
| Q2 25 | 3.81× | 1.42× | ||
| Q1 25 | -0.41× | -1.60× | ||
| Q4 24 | 3.07× | 2.29× | ||
| Q3 24 | -0.49× | 2.23× | ||
| Q2 24 | — | 1.50× |
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
NCSM
| Products | $33.8M | 67% |
| Services | $16.8M | 33% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
