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National Energy Services Reunited Corp.（NESR）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是National Energy Services Reunited Corp.的1.4倍（$411.1M vs $295.3M），UiPath, Inc.净利率更高（48.4% vs 6.0%，领先42.4%），UiPath, Inc.同比增速更快（15.9% vs -12.2%），UiPath, Inc.自由现金流更多（$25.1M vs $-34.1M）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
NESR vs PATH — 直观对比
营收规模更大
PATH
是对方的1.4倍
$295.3M
营收增速更快
PATH
高出28.1%
-12.2%
净利率更高
PATH
高出42.4%
6.0%
自由现金流更多
PATH
多$59.2M
$-34.1M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $411.1M |
| 净利润 | $17.7M | $198.8M |
| 毛利率 | 12.0% | 83.3% |
| 营业利润率 | 6.6% | 3.2% |
| 净利率 | 6.0% | 48.4% |
| 营收同比 | -12.2% | 15.9% |
| 净利润同比 | -14.0% | 1966.2% |
| 每股收益（稀释后） | $0.18 | $0.37 |
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NESRPATH
| Q4 25 | — | $411.1M | ||
| Q3 25 | $295.3M | $361.7M | ||
| Q2 25 | $327.4M | $356.6M | ||
| Q1 25 | $303.1M | $423.6M | ||
| Q4 24 | — | $354.7M | ||
| Q3 24 | $336.2M | $316.3M | ||
| Q2 24 | $325.0M | $335.1M | ||
| Q1 24 | — | $405.3M |
净利润NESRPATH
| Q4 25 | — | $198.8M | ||
| Q3 25 | $17.7M | $1.6M | ||
| Q2 25 | $15.2M | $-22.6M | ||
| Q1 25 | $10.4M | $51.8M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | $20.6M | $-86.1M | ||
| Q2 24 | $18.9M | $-28.7M | ||
| Q1 24 | — | $33.9M |
毛利率NESRPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | 12.0% | 82.2% | ||
| Q2 25 | 13.4% | 82.1% | ||
| Q1 25 | 12.4% | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | 15.9% | 80.0% | ||
| Q2 24 | 16.4% | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率NESRPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | 6.6% | -5.6% | ||
| Q2 25 | 8.3% | -4.6% | ||
| Q1 25 | 6.9% | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | 10.5% | -32.7% | ||
| Q2 24 | 10.5% | -14.8% | ||
| Q1 24 | — | 3.7% |
净利率NESRPATH
| Q4 25 | — | 48.4% | ||
| Q3 25 | 6.0% | 0.4% | ||
| Q2 25 | 4.6% | -6.3% | ||
| Q1 25 | 3.4% | 12.2% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 6.1% | -27.2% | ||
| Q2 24 | 5.8% | -8.6% | ||
| Q1 24 | — | 8.4% |
每股收益（稀释后）NESRPATH
| Q4 25 | — | $0.37 | ||
| Q3 25 | $0.18 | $0.00 | ||
| Q2 25 | $0.16 | $-0.04 | ||
| Q1 25 | $0.11 | $0.09 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | $0.22 | $-0.15 | ||
| Q2 24 | $0.20 | $-0.05 | ||
| Q1 24 | — | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $274.1M | — |
| 股东权益账面价值 | $956.7M | $1.9B |
| 总资产 | $1.8B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资NESRPATH
| Q4 25 | — | $1.4B | ||
| Q3 25 | $69.7M | $1.4B | ||
| Q2 25 | $131.8M | $1.6B | ||
| Q1 25 | $78.7M | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $118.2M | $1.7B | ||
| Q2 24 | $75.0M | $1.9B | ||
| Q1 24 | — | $1.9B |
总债务NESRPATH
| Q4 25 | — | — | ||
| Q3 25 | $274.1M | — | ||
| Q2 25 | $291.7M | — | ||
| Q1 25 | $309.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $358.7M | — | ||
| Q2 24 | $376.7M | — | ||
| Q1 24 | — | — |
股东权益NESRPATH
| Q4 25 | — | $1.9B | ||
| Q3 25 | $956.7M | $1.7B | ||
| Q2 25 | $936.9M | $1.7B | ||
| Q1 25 | $920.5M | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $873.5M | $1.8B | ||
| Q2 24 | $851.4M | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产NESRPATH
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.8B | $2.9B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.8B | $2.8B | ||
| Q1 24 | — | $3.0B |
负债/权益比NESRPATH
| Q4 25 | — | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.44× | — | ||
| Q1 24 | — | — |
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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $25.1M |
| 自由现金流率自由现金流/营收 | -11.5% | 6.1% |
| 资本支出强度资本支出/营收 | 13.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.38× | 0.14× |
| 过去12个月自由现金流最近4个季度 | $68.5M | — |
8季度趋势，按日历期对齐
经营现金流NESRPATH
| Q4 25 | — | $28.3M | ||
| Q3 25 | $6.7M | $41.6M | ||
| Q2 25 | $98.5M | $119.0M | ||
| Q1 25 | $20.5M | $146.1M | ||
| Q4 24 | — | $28.1M | ||
| Q3 24 | $70.8M | $46.4M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $145.6M |
自由现金流NESRPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | $-34.1M | — | ||
| Q2 25 | $68.7M | $106.2M | ||
| Q1 25 | $-9.6M | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | $43.4M | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率NESRPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | -11.5% | — | ||
| Q2 25 | 21.0% | 29.8% | ||
| Q1 25 | -3.2% | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | 12.9% | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度NESRPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | 13.8% | 0.0% | ||
| Q2 25 | 9.1% | 3.6% | ||
| Q1 25 | 9.9% | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 8.1% | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率NESRPATH
| Q4 25 | — | 0.14× | ||
| Q3 25 | 0.38× | 26.25× | ||
| Q2 25 | 6.48× | — | ||
| Q1 25 | 1.97× | 2.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 4.29× |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
