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National Energy Services Reunited Corp.（NESR）与RPC INC（RES）财务数据对比。点击上方公司名可切换其他公司
RPC INC的季度营收约是National Energy Services Reunited Corp.的1.4倍（$425.8M vs $295.3M）。National Energy Services Reunited Corp.净利率更高（6.0% vs -0.7%，领先6.7%）。RPC INC同比增速更快（27.0% vs -12.2%）。RPC INC自由现金流更多（$31.2M 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。
RPC集团是总部位于英国的企业，曾是欧洲规模最大的塑料包装供应商之一，总部坐落于北安普敦郡的拉什登。该公司此前在伦敦证券交易所上市，2019年被贝瑞全球集团收购，贝瑞全球集团又于2025年被安海斯包装收购。
NESR vs RES — 直观对比
营收规模更大
RES
是对方的1.4倍
$295.3M
营收增速更快
RES
高出39.1%
-12.2%
净利率更高
NESR
高出6.7%
-0.7%
自由现金流更多
RES
多$65.3M
$-34.1M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $425.8M |
| 净利润 | $17.7M | $-3.1M |
| 毛利率 | 12.0% | 21.0% |
| 营业利润率 | 6.6% | -0.9% |
| 净利率 | 6.0% | -0.7% |
| 营收同比 | -12.2% | 27.0% |
| 净利润同比 | -14.0% | -124.0% |
| 每股收益（稀释后） | $0.18 | $-0.02 |
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NESRRES
| Q4 25 | — | $425.8M | ||
| Q3 25 | $295.3M | $447.1M | ||
| Q2 25 | $327.4M | $420.8M | ||
| Q1 25 | $303.1M | $332.9M | ||
| Q4 24 | — | $335.4M | ||
| Q3 24 | $336.2M | $337.7M | ||
| Q2 24 | $325.0M | $364.2M | ||
| Q1 24 | — | $377.8M |
净利润NESRRES
| Q4 25 | — | $-3.1M | ||
| Q3 25 | $17.7M | $13.0M | ||
| Q2 25 | $15.2M | $10.1M | ||
| Q1 25 | $10.4M | $12.0M | ||
| Q4 24 | — | $12.8M | ||
| Q3 24 | $20.6M | $18.8M | ||
| Q2 24 | $18.9M | $32.4M | ||
| Q1 24 | — | $27.5M |
毛利率NESRRES
| Q4 25 | — | 21.0% | ||
| Q3 25 | 12.0% | 25.1% | ||
| Q2 25 | 13.4% | 24.5% | ||
| Q1 25 | 12.4% | 26.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 15.9% | 26.7% | ||
| Q2 24 | 16.4% | 28.0% | ||
| Q1 24 | — | 26.8% |
营业利润率NESRRES
| Q4 25 | — | -0.9% | ||
| Q3 25 | 6.6% | 4.7% | ||
| Q2 25 | 8.3% | 3.7% | ||
| Q1 25 | 6.9% | 3.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 10.5% | 5.7% | ||
| Q2 24 | 10.5% | 9.7% | ||
| Q1 24 | — | 8.6% |
净利率NESRRES
| Q4 25 | — | -0.7% | ||
| Q3 25 | 6.0% | 2.9% | ||
| Q2 25 | 4.6% | 2.4% | ||
| Q1 25 | 3.4% | 3.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 6.1% | 5.6% | ||
| Q2 24 | 5.8% | 8.9% | ||
| Q1 24 | — | 7.3% |
每股收益（稀释后）NESRRES
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.18 | $0.06 | ||
| Q2 25 | $0.16 | $0.05 | ||
| Q1 25 | $0.11 | $0.06 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $0.22 | $0.09 | ||
| Q2 24 | $0.20 | $0.15 | ||
| Q1 24 | — | $0.13 |
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 | $210.0M |
| 总债务越低越好 | $274.1M | — |
| 股东权益账面价值 | $956.7M | $1.1B |
| 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
现金及短期投资NESRRES
| Q4 25 | — | $210.0M | ||
| Q3 25 | $69.7M | $163.5M | ||
| Q2 25 | $131.8M | $162.1M | ||
| Q1 25 | $78.7M | $326.7M | ||
| Q4 24 | — | $326.0M | ||
| Q3 24 | $118.2M | $276.9M | ||
| Q2 24 | $75.0M | $261.5M | ||
| Q1 24 | — | $212.2M |
总债务NESRRES
| 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NESRRES
| Q4 25 | — | $1.1B | ||
| Q3 25 | $956.7M | $1.1B | ||
| Q2 25 | $936.9M | $1.1B | ||
| Q1 25 | $920.5M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $873.5M | $1.1B | ||
| Q2 24 | $851.4M | $1.1B | ||
| Q1 24 | — | $1.0B |
总资产NESRRES
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | — | $1.3B |
负债/权益比NESRRES
| 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 | $61.9M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $31.2M |
| 自由现金流率自由现金流/营收 | -11.5% | 7.3% |
| 资本支出强度资本支出/营收 | 13.8% | 7.2% |
| 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 | $52.9M |
8季度趋势，按日历期对齐
经营现金流NESRRES
| Q4 25 | — | $61.9M | ||
| Q3 25 | $6.7M | $46.5M | ||
| Q2 25 | $98.5M | $53.1M | ||
| Q1 25 | $20.5M | $39.9M | ||
| Q4 24 | — | $94.2M | ||
| Q3 24 | $70.8M | $70.7M | ||
| Q2 24 | — | $127.9M | ||
| Q1 24 | — | $56.6M |
自由现金流NESRRES
| Q4 25 | — | $31.2M | ||
| Q3 25 | $-34.1M | $4.1M | ||
| Q2 25 | $68.7M | $10.0M | ||
| Q1 25 | $-9.6M | $7.6M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $43.4M | $19.1M | ||
| Q2 24 | — | $52.9M | ||
| Q1 24 | — | $3.8M |
自由现金流率NESRRES
| Q4 25 | — | 7.3% | ||
| Q3 25 | -11.5% | 0.9% | ||
| Q2 25 | 21.0% | 2.4% | ||
| Q1 25 | -3.2% | 2.3% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | 12.9% | 5.6% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 1.0% |
资本支出强度NESRRES
| Q4 25 | — | 7.2% | ||
| Q3 25 | 13.8% | 9.5% | ||
| Q2 25 | 9.1% | 10.2% | ||
| Q1 25 | 9.9% | 9.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 8.1% | 15.3% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 14.0% |
现金转化率NESRRES
| Q4 25 | — | — | ||
| Q3 25 | 0.38× | 3.59× | ||
| Q2 25 | 6.48× | 5.23× | ||
| Q1 25 | 1.97× | 3.31× | ||
| Q4 24 | — | 7.38× | ||
| Q3 24 | 3.43× | 3.76× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | 2.06× |
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% |
RES
| Technical Service | $405.2M | 95% |
| Other | $8.8M | 2% |
| Nitrogen | $6.6M | 2% |
