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NCS Multistage Holdings, Inc.（NCSM）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
NCS Multistage Holdings, Inc.的季度营收约是REDWOOD TRUST INC的2.0倍（$50.6M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs 29.5%，领先47.7%），NCS Multistage Holdings, Inc.同比增速更快（12.5% vs -6.1%），过去两年NCS Multistage Holdings, Inc.的营收复合增速更高（7.4% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
NCSM vs RWT — 直观对比
营收规模更大
NCSM
是对方的2.0倍
$25.9M
营收增速更快
NCSM
高出18.6%
-6.1%
净利率更高
RWT
高出47.7%
29.5%
两年增速更快
NCSM
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $50.6M | $25.9M |
| 净利润 | $15.0M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 29.5% | 77.2% |
| 营收同比 | 12.5% | -6.1% |
| 净利润同比 | 331.0% | 402.6% |
| 每股收益（稀释后） | $5.43 | $0.11 |
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NCSMRWT
| Q4 25 | $50.6M | $25.9M | ||
| Q3 25 | $46.5M | $15.0M | ||
| Q2 25 | $36.5M | $13.8M | ||
| Q1 25 | $50.0M | $27.9M | ||
| Q4 24 | $45.0M | $27.6M | ||
| Q3 24 | $44.0M | $25.5M | ||
| Q2 24 | $29.7M | $67.4M | ||
| Q1 24 | $43.9M | $74.5M |
净利润NCSMRWT
| Q4 25 | $15.0M | $20.0M | ||
| Q3 25 | $3.8M | $-7.7M | ||
| Q2 25 | $924.0K | $-98.5M | ||
| Q1 25 | $4.1M | $16.1M | ||
| Q4 24 | $3.5M | $-6.6M | ||
| Q3 24 | $4.1M | $14.8M | ||
| Q2 24 | $-3.1M | $15.5M | ||
| Q1 24 | $2.1M | $30.3M |
营业利润率NCSMRWT
| Q4 25 | 10.3% | — | ||
| Q3 25 | 6.6% | -9.0% | ||
| Q2 25 | -5.6% | -679.0% | ||
| Q1 25 | 8.6% | 80.2% | ||
| Q4 24 | 6.5% | -1.3% | ||
| Q3 24 | 6.9% | 86.1% | ||
| Q2 24 | -14.0% | 30.3% | ||
| Q1 24 | 5.7% | 41.3% |
净利率NCSMRWT
| Q4 25 | 29.5% | 77.2% | ||
| Q3 25 | 8.2% | -51.4% | ||
| Q2 25 | 2.5% | -712.0% | ||
| Q1 25 | 8.1% | 57.8% | ||
| Q4 24 | 7.7% | -24.0% | ||
| Q3 24 | 9.4% | 58.1% | ||
| Q2 24 | -10.4% | 23.0% | ||
| Q1 24 | 4.7% | 40.6% |
每股收益（稀释后）NCSMRWT
| Q4 25 | $5.43 | $0.11 | ||
| Q3 25 | $1.37 | $-0.08 | ||
| Q2 25 | $0.34 | $-0.76 | ||
| Q1 25 | $1.51 | $0.10 | ||
| Q4 24 | $1.34 | $-0.08 | ||
| Q3 24 | $1.60 | $0.09 | ||
| Q2 24 | $-1.21 | $0.10 | ||
| Q1 24 | $0.82 | $0.21 |
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 | $36.7M | $255.7M |
| 总债务越低越好 | $5.3M | — |
| 股东权益账面价值 | $126.2M | $982.6M |
| 总资产 | $181.2M | $23.7B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资NCSMRWT
| Q4 25 | $36.7M | $255.7M | ||
| Q3 25 | $25.3M | $226.3M | ||
| Q2 25 | $25.4M | $302.0M | ||
| Q1 25 | $23.0M | $259.9M | ||
| Q4 24 | $25.9M | $245.2M | ||
| Q3 24 | $15.3M | $253.7M | ||
| Q2 24 | $18.6M | $275.6M | ||
| Q1 24 | $14.0M | $275.4M |
总债务NCSMRWT
| Q4 25 | $5.3M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $6.4M | $1.7B |
股东权益NCSMRWT
| Q4 25 | $126.2M | $982.6M | ||
| Q3 25 | $110.1M | $999.0M | ||
| Q2 25 | $106.4M | $1.1B | ||
| Q1 25 | $103.2M | $1.2B | ||
| Q4 24 | $98.8M | $1.2B | ||
| Q3 24 | $96.0M | $1.2B | ||
| Q2 24 | $91.0M | $1.2B | ||
| Q1 24 | $93.7M | $1.2B |
总资产NCSMRWT
| Q4 25 | $181.2M | $23.7B | ||
| Q3 25 | $162.0M | $22.6B | ||
| Q2 25 | $158.0M | $21.3B | ||
| Q1 25 | $155.1M | $19.9B | ||
| Q4 24 | $152.8M | $18.3B | ||
| Q3 24 | $145.8M | $18.4B | ||
| Q2 24 | $139.4M | $16.5B | ||
| Q1 24 | $140.9M | $15.1B |
负债/权益比NCSMRWT
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.08× | — | ||
| Q1 24 | 0.07× | 1.39× |
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 | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $12.9M | — |
| 自由现金流率自由现金流/营收 | 25.5% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 0.88× | -504.15× |
| 过去12个月自由现金流最近4个季度 | $21.0M | — |
8季度趋势，按日历期对齐
经营现金流NCSMRWT
| Q4 25 | $13.1M | $-10.1B | ||
| Q3 25 | $7.2M | $-2.7B | ||
| Q2 25 | $3.5M | $-2.1B | ||
| Q1 25 | $-1.6M | $-2.0B | ||
| Q4 24 | $10.6M | $-5.9B | ||
| Q3 24 | $-2.0M | $-2.1B | ||
| Q2 24 | $6.0M | $-2.0B | ||
| Q1 24 | $-1.9M | $-954.2M |
自由现金流NCSMRWT
| Q4 25 | $12.9M | — | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $-2.1M | — | ||
| Q4 24 | $10.4M | — | ||
| Q3 24 | $-2.5M | — | ||
| Q2 24 | $5.6M | — | ||
| Q1 24 | $-2.2M | — |
自由现金流率NCSMRWT
| Q4 25 | 25.5% | — | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | -4.2% | — | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | -5.0% | — |
资本支出强度NCSMRWT
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.7% | — |
现金转化率NCSMRWT
| Q4 25 | 0.88× | -504.15× | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 3.81× | — | ||
| Q1 25 | -0.41× | -120.92× | ||
| Q4 24 | 3.07× | — | ||
| Q3 24 | -0.49× | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | -0.91× | -31.53× |
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% |
RWT
暂无分部数据
