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National Energy Services Reunited Corp.（NESR）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National Energy Services Reunited Corp.的2.3倍（$692.4M vs $295.3M）。National Energy Services Reunited Corp.净利率更高（6.0% vs 5.2%，领先0.8%）。OCEANEERING INTERNATIONAL INC同比增速更快（2.7% vs -12.2%）。National Energy Services Reunited Corp.自由现金流更多（$-34.1M vs $-76.5M）
National Energy Services Reunited Corp.是一家领先的综合油田服务供应商，为油气上游运营商提供钻井建设、完井、生产运营及干预作业等全系列解决方案，核心市场覆盖中东、北非及东亚地区，服务各国国家石油公司及国际能源客户。
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。
NESR vs OII — 直观对比
损益表 — Q3 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $692.4M |
| 净利润 | $17.7M | $36.1M |
| 毛利率 | 12.0% | — |
| 营业利润率 | 6.6% | — |
| 净利率 | 6.0% | 5.2% |
| 营收同比 | -12.2% | 2.7% |
| 净利润同比 | -14.0% | -79.7% |
| 每股收益（稀释后） | $0.18 | $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 | — | $668.6M | ||
| Q3 25 | $295.3M | $742.9M | ||
| Q2 25 | $327.4M | $698.2M | ||
| Q1 25 | $303.1M | $674.5M | ||
| Q4 24 | — | $713.5M | ||
| Q3 24 | $336.2M | $679.8M | ||
| Q2 24 | $325.0M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | — | $177.7M | ||
| Q3 25 | $17.7M | $71.3M | ||
| Q2 25 | $15.2M | $54.4M | ||
| Q1 25 | $10.4M | $50.4M | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | $20.6M | $41.2M | ||
| Q2 24 | $18.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 12.0% | 20.6% | ||
| Q2 25 | 13.4% | 21.3% | ||
| Q1 25 | 12.4% | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | 15.9% | 19.3% | ||
| Q2 24 | 16.4% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 6.6% | 11.6% | ||
| Q2 25 | 8.3% | 11.3% | ||
| Q1 25 | 6.9% | 10.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | 10.5% | 10.5% | ||
| Q2 24 | 10.5% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | 6.0% | 9.6% | ||
| Q2 25 | 4.6% | 7.8% | ||
| Q1 25 | 3.4% | 7.5% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | 6.1% | 6.1% | ||
| Q2 24 | 5.8% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.75 | ||
| Q3 25 | $0.18 | $0.71 | ||
| Q2 25 | $0.16 | $0.54 | ||
| Q1 25 | $0.11 | $0.49 | ||
| Q4 24 | — | $0.55 | ||
| Q3 24 | $0.22 | $0.40 | ||
| Q2 24 | $0.20 | $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 | $69.7M | — |
| 总债务越低越好 | $274.1M | $488.8M |
| 股东权益账面价值 | $956.7M | $1.1B |
| 总资产 | $1.8B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.44× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | $69.7M | $7.0M | ||
| Q2 25 | $131.8M | $7.0M | ||
| Q1 25 | $78.7M | $7.0M | ||
| Q4 24 | — | $504.5M | ||
| Q3 24 | $118.2M | — | ||
| Q2 24 | $75.0M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $274.1M | — | ||
| Q2 25 | $291.7M | — | ||
| Q1 25 | $309.2M | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | $358.7M | — | ||
| Q2 24 | $376.7M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $956.7M | $907.7M | ||
| Q2 25 | $936.9M | $842.1M | ||
| Q1 25 | $920.5M | $773.1M | ||
| Q4 24 | — | $714.3M | ||
| Q3 24 | $873.5M | $698.0M | ||
| Q2 24 | $851.4M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.44× | — |
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 | $6.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $-76.5M |
| 自由现金流率自由现金流/营收 | -11.5% | -11.1% |
| 资本支出强度资本支出/营收 | 13.8% | 2.5% |
| 现金转化率经营现金流/净利润 | 0.38× | — |
| 过去12个月自由现金流最近4个季度 | $68.5M | $238.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | — | $221.1M | ||
| Q3 25 | $6.7M | $101.3M | ||
| Q2 25 | $98.5M | $77.2M | ||
| Q1 25 | $20.5M | $-80.7M | ||
| Q4 24 | — | $128.4M | ||
| Q3 24 | $70.8M | $91.9M | ||
| Q2 24 | — | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $-34.1M | $77.0M | ||
| Q2 25 | $68.7M | $46.9M | ||
| Q1 25 | $-9.6M | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | $43.4M | $67.0M | ||
| Q2 24 | — | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | -11.5% | 10.4% | ||
| Q2 25 | 21.0% | 6.7% | ||
| Q1 25 | -3.2% | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 12.9% | 9.9% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 13.8% | 3.3% | ||
| Q2 25 | 9.1% | 4.3% | ||
| Q1 25 | 9.9% | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 8.1% | 3.7% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 0.38× | 1.42× | ||
| Q2 25 | 6.48× | 1.42× | ||
| Q1 25 | 1.97× | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 3.43× | 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
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
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% |
