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National Energy Services Reunited Corp.（NESR）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
National Energy Services Reunited Corp.的季度营收约是Ultragenyx Pharmaceutical Inc.的1.4倍（$295.3M vs $207.3M），National Energy Services Reunited Corp.净利率更高（6.0% vs -62.0%，领先68.0%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs -12.2%），National Energy Services Reunited Corp.自由现金流更多（$-34.1M vs $-100.8M）
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。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
NESR vs RARE — 直观对比
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $207.3M |
| 净利润 | $17.7M | $-128.6M |
| 毛利率 | 12.0% | — |
| 营业利润率 | 6.6% | -54.7% |
| 净利率 | 6.0% | -62.0% |
| 营收同比 | -12.2% | 25.9% |
| 净利润同比 | -14.0% | 3.5% |
| 每股收益（稀释后） | $0.18 | $-1.28 |
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
| Q4 25 | — | $207.3M | ||
| Q3 25 | $295.3M | $159.9M | ||
| Q2 25 | $327.4M | $166.5M | ||
| Q1 25 | $303.1M | $139.3M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | $336.2M | $139.5M | ||
| Q2 24 | $325.0M | $147.0M | ||
| Q1 24 | — | $108.8M |
| Q4 25 | — | $-128.6M | ||
| Q3 25 | $17.7M | $-180.4M | ||
| Q2 25 | $15.2M | $-115.0M | ||
| Q1 25 | $10.4M | $-151.1M | ||
| Q4 24 | — | $-133.2M | ||
| Q3 24 | $20.6M | $-133.5M | ||
| Q2 24 | $18.9M | $-131.6M | ||
| Q1 24 | — | $-170.7M |
| Q4 25 | — | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -54.7% | ||
| Q3 25 | 6.6% | -106.9% | ||
| Q2 25 | 8.3% | -64.8% | ||
| Q1 25 | 6.9% | -102.6% | ||
| Q4 24 | — | -74.3% | ||
| Q3 24 | 10.5% | -94.6% | ||
| Q2 24 | 10.5% | -79.1% | ||
| Q1 24 | — | -151.9% |
| Q4 25 | — | -62.0% | ||
| Q3 25 | 6.0% | -112.8% | ||
| Q2 25 | 4.6% | -69.0% | ||
| Q1 25 | 3.4% | -108.5% | ||
| Q4 24 | — | -80.9% | ||
| Q3 24 | 6.1% | -95.7% | ||
| Q2 24 | 5.8% | -89.5% | ||
| Q1 24 | — | -156.8% |
| Q4 25 | — | $-1.28 | ||
| Q3 25 | $0.18 | $-1.81 | ||
| Q2 25 | $0.16 | $-1.17 | ||
| Q1 25 | $0.11 | $-1.57 | ||
| Q4 24 | — | $-1.34 | ||
| Q3 24 | $0.22 | $-1.40 | ||
| Q2 24 | $0.20 | $-1.52 | ||
| Q1 24 | — | $-2.03 |
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 | $69.7M | $421.0M |
| 总债务越低越好 | $274.1M | — |
| 股东权益账面价值 | $956.7M | $-80.0M |
| 总资产 | $1.8B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $421.0M | ||
| Q3 25 | $69.7M | $202.5M | ||
| Q2 25 | $131.8M | $176.3M | ||
| Q1 25 | $78.7M | $127.1M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | $118.2M | $150.6M | ||
| Q2 24 | $75.0M | $480.7M | ||
| Q1 24 | — | $112.3M |
| 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 | — | — |
| Q4 25 | — | $-80.0M | ||
| Q3 25 | $956.7M | $9.2M | ||
| Q2 25 | $936.9M | $151.3M | ||
| Q1 25 | $920.5M | $144.2M | ||
| Q4 24 | — | $255.0M | ||
| Q3 24 | $873.5M | $346.8M | ||
| Q2 24 | $851.4M | $432.4M | ||
| Q1 24 | — | $140.3M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | — | $1.3B |
| 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 | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $-100.8M |
| 自由现金流率自由现金流/营收 | -11.5% | -48.6% |
| 资本支出强度资本支出/营收 | 13.8% | 0.5% |
| 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 | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | — | $-99.8M | ||
| Q3 25 | $6.7M | $-91.4M | ||
| Q2 25 | $98.5M | $-108.3M | ||
| Q1 25 | $20.5M | $-166.5M | ||
| Q4 24 | — | $-79.3M | ||
| Q3 24 | $70.8M | $-67.0M | ||
| Q2 24 | — | $-77.0M | ||
| Q1 24 | — | $-190.7M |
| Q4 25 | — | $-100.8M | ||
| Q3 25 | $-34.1M | $-92.7M | ||
| Q2 25 | $68.7M | $-110.7M | ||
| Q1 25 | $-9.6M | $-167.8M | ||
| Q4 24 | — | $-79.5M | ||
| Q3 24 | $43.4M | $-68.6M | ||
| Q2 24 | — | $-79.0M | ||
| Q1 24 | — | $-193.9M |
| Q4 25 | — | -48.6% | ||
| Q3 25 | -11.5% | -58.0% | ||
| Q2 25 | 21.0% | -66.5% | ||
| Q1 25 | -3.2% | -120.5% | ||
| Q4 24 | — | -48.3% | ||
| Q3 24 | 12.9% | -49.2% | ||
| Q2 24 | — | -53.7% | ||
| Q1 24 | — | -178.2% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 13.8% | 0.8% | ||
| Q2 25 | 9.1% | 1.5% | ||
| Q1 25 | 9.9% | 1.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 8.1% | 1.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 6.48× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | — | — | ||
| 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
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
