vs
National Energy Services Reunited Corp.（NESR）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是National Energy Services Reunited Corp.的1.6倍（$461.6M vs $295.3M），RBC Bearings INC净利率更高（14.6% vs 6.0%，领先8.6%），RBC Bearings INC同比增速更快（17.0% vs -12.2%），RBC Bearings INC自由现金流更多（$99.1M 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
NESR vs RBC — 直观对比
营收规模更大
RBC
是对方的1.6倍
$295.3M
营收增速更快
RBC
高出29.2%
-12.2%
净利率更高
RBC
高出8.6%
6.0%
自由现金流更多
RBC
多$133.2M
$-34.1M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $461.6M |
| 净利润 | $17.7M | $67.4M |
| 毛利率 | 12.0% | 44.3% |
| 营业利润率 | 6.6% | 22.3% |
| 净利率 | 6.0% | 14.6% |
| 营收同比 | -12.2% | 17.0% |
| 净利润同比 | -14.0% | 16.4% |
| 每股收益（稀释后） | $0.18 | $2.13 |
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NESRRBC
| Q4 25 | — | $461.6M | ||
| Q3 25 | $295.3M | $455.3M | ||
| Q2 25 | $327.4M | $436.0M | ||
| Q1 25 | $303.1M | $437.7M | ||
| Q4 24 | — | $394.4M | ||
| Q3 24 | $336.2M | $397.9M | ||
| Q2 24 | $325.0M | $406.3M | ||
| Q1 24 | — | $413.7M |
净利润NESRRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $17.7M | $60.0M | ||
| Q2 25 | $15.2M | $68.5M | ||
| Q1 25 | $10.4M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $20.6M | $54.2M | ||
| Q2 24 | $18.9M | $61.4M | ||
| Q1 24 | — | — |
毛利率NESRRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | 12.0% | 44.1% | ||
| Q2 25 | 13.4% | 44.8% | ||
| Q1 25 | 12.4% | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | 15.9% | 43.7% | ||
| Q2 24 | 16.4% | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率NESRRBC
| Q4 25 | — | 22.3% | ||
| Q3 25 | 6.6% | 21.5% | ||
| Q2 25 | 8.3% | 23.2% | ||
| Q1 25 | 6.9% | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 10.5% | 21.6% | ||
| Q2 24 | 10.5% | 24.0% | ||
| Q1 24 | — | 22.8% |
净利率NESRRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 6.0% | 13.2% | ||
| Q2 25 | 4.6% | 15.7% | ||
| Q1 25 | 3.4% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 6.1% | 13.6% | ||
| Q2 24 | 5.8% | 15.1% | ||
| Q1 24 | — | — |
每股收益（稀释后）NESRRBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | $0.18 | $1.90 | ||
| Q2 25 | $0.16 | $2.17 | ||
| Q1 25 | $0.11 | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $0.22 | $1.65 | ||
| Q2 24 | $0.20 | $1.90 | ||
| Q1 24 | — | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $274.1M | $990.2M |
| 股东权益账面价值 | $956.7M | $3.3B |
| 总资产 | $1.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资NESRRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | $69.7M | $91.2M | ||
| Q2 25 | $131.8M | $132.9M | ||
| Q1 25 | $78.7M | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.2M | — | ||
| Q2 24 | $75.0M | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务NESRRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | $274.1M | $1.1B | ||
| Q2 25 | $291.7M | $915.6M | ||
| Q1 25 | $309.2M | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $358.7M | — | ||
| Q2 24 | $376.7M | — | ||
| Q1 24 | — | $1.2B |
股东权益NESRRBC
| Q4 25 | — | $3.3B | ||
| Q3 25 | $956.7M | $3.2B | ||
| Q2 25 | $936.9M | $3.1B | ||
| Q1 25 | $920.5M | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $873.5M | $2.9B | ||
| Q2 24 | $851.4M | $2.8B | ||
| Q1 24 | — | $2.8B |
总资产NESRRBC
| Q4 25 | — | $5.1B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $1.8B | $4.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $1.8B | $4.7B | ||
| Q2 24 | $1.8B | $4.7B | ||
| Q1 24 | — | $4.7B |
负债/权益比NESRRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 0.29× | 0.34× | ||
| Q2 25 | 0.31× | 0.29× | ||
| Q1 25 | 0.34× | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.44× | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $99.1M |
| 自由现金流率自由现金流/营收 | -11.5% | 21.5% |
| 资本支出强度资本支出/营收 | 13.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 0.38× | 1.81× |
| 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NESRRBC
| Q4 25 | — | $122.1M | ||
| Q3 25 | $6.7M | $88.4M | ||
| Q2 25 | $98.5M | $120.0M | ||
| Q1 25 | $20.5M | — | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | $70.8M | — | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | — | — |
自由现金流NESRRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | $-34.1M | $71.7M | ||
| Q2 25 | $68.7M | $104.3M | ||
| Q1 25 | $-9.6M | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | $43.4M | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率NESRRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | -11.5% | 15.7% | ||
| Q2 25 | 21.0% | 23.9% | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 12.9% | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度NESRRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | 13.8% | 3.7% | ||
| Q2 25 | 9.1% | 3.6% | ||
| Q1 25 | 9.9% | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 8.1% | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率NESRRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 0.38× | 1.47× | ||
| Q2 25 | 6.48× | 1.75× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | — | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
