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National Energy Services Reunited Corp.（NESR）与REPLIGEN CORP（RGEN）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REPLIGEN CORP的1.5倍（$295.3M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs 6.0%，领先0.7%），REPLIGEN CORP同比增速更快（13.6% vs -12.2%），REPLIGEN CORP自由现金流更多（$17.6M 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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
NESR vs RGEN — 直观对比
营收规模更大
NESR
是对方的1.5倍
$197.9M
营收增速更快
RGEN
高出25.8%
-12.2%
净利率更高
RGEN
高出0.7%
6.0%
自由现金流更多
RGEN
多$51.6M
$-34.1M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $197.9M |
| 净利润 | $17.7M | $13.3M |
| 毛利率 | 12.0% | 52.5% |
| 营业利润率 | 6.6% | 9.0% |
| 净利率 | 6.0% | 6.7% |
| 营收同比 | -12.2% | 13.6% |
| 净利润同比 | -14.0% | 143.9% |
| 每股收益（稀释后） | $0.18 | $0.24 |
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NESRRGEN
| Q4 25 | — | $197.9M | ||
| Q3 25 | $295.3M | $188.8M | ||
| Q2 25 | $327.4M | $182.4M | ||
| Q1 25 | $303.1M | $169.2M | ||
| Q4 24 | — | $174.1M | ||
| Q3 24 | $336.2M | $154.9M | ||
| Q2 24 | $325.0M | $154.1M | ||
| Q1 24 | — | $151.3M |
净利润NESRRGEN
| Q4 25 | — | $13.3M | ||
| Q3 25 | $17.7M | $14.9M | ||
| Q2 25 | $15.2M | $14.9M | ||
| Q1 25 | $10.4M | $5.8M | ||
| Q4 24 | — | $-30.3M | ||
| Q3 24 | $20.6M | $-654.0K | ||
| Q2 24 | $18.9M | $3.3M | ||
| Q1 24 | — | $2.1M |
毛利率NESRRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | 12.0% | 53.2% | ||
| Q2 25 | 13.4% | 50.0% | ||
| Q1 25 | 12.4% | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | 15.9% | 50.0% | ||
| Q2 24 | 16.4% | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率NESRRGEN
| Q4 25 | — | 9.0% | ||
| Q3 25 | 6.6% | 8.9% | ||
| Q2 25 | 8.3% | 7.6% | ||
| Q1 25 | 6.9% | 3.9% | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | 10.5% | -5.1% | ||
| Q2 24 | 10.5% | 1.0% | ||
| Q1 24 | — | 1.3% |
净利率NESRRGEN
| Q4 25 | — | 6.7% | ||
| Q3 25 | 6.0% | 7.9% | ||
| Q2 25 | 4.6% | 8.2% | ||
| Q1 25 | 3.4% | 3.4% | ||
| Q4 24 | — | -17.4% | ||
| Q3 24 | 6.1% | -0.4% | ||
| Q2 24 | 5.8% | 2.2% | ||
| Q1 24 | — | 1.4% |
每股收益（稀释后）NESRRGEN
| Q4 25 | — | $0.24 | ||
| Q3 25 | $0.18 | $0.26 | ||
| Q2 25 | $0.16 | $0.26 | ||
| Q1 25 | $0.11 | $0.10 | ||
| Q4 24 | — | $-0.55 | ||
| Q3 24 | $0.22 | $-0.01 | ||
| Q2 24 | $0.20 | $0.06 | ||
| Q1 24 | — | $0.04 |
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 | $767.6M |
| 总债务越低越好 | $274.1M | $542.2M |
| 股东权益账面价值 | $956.7M | $2.1B |
| 总资产 | $1.8B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资NESRRGEN
| Q4 25 | — | $767.6M | ||
| Q3 25 | $69.7M | $748.7M | ||
| Q2 25 | $131.8M | $708.9M | ||
| Q1 25 | $78.7M | $697.2M | ||
| Q4 24 | — | $757.4M | ||
| Q3 24 | $118.2M | $784.0M | ||
| Q2 24 | $75.0M | $809.1M | ||
| Q1 24 | — | $780.6M |
总债务NESRRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | $274.1M | $537.9M | ||
| Q2 25 | $291.7M | — | ||
| Q1 25 | $309.2M | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | $358.7M | — | ||
| Q2 24 | $376.7M | — | ||
| Q1 24 | — | — |
股东权益NESRRGEN
| Q4 25 | — | $2.1B | ||
| Q3 25 | $956.7M | $2.1B | ||
| Q2 25 | $936.9M | $2.1B | ||
| Q1 25 | $920.5M | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $873.5M | $2.0B | ||
| Q2 24 | $851.4M | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产NESRRGEN
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.8B | $2.9B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.8B | $2.9B | ||
| Q1 24 | — | $2.8B |
负债/权益比NESRRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | 0.29× | 0.26× | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | — | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $17.6M |
| 自由现金流率自由现金流/营收 | -11.5% | 8.9% |
| 资本支出强度资本支出/营收 | 13.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.38× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $68.5M | $93.9M |
8季度趋势，按日历期对齐
经营现金流NESRRGEN
| Q4 25 | — | $25.7M | ||
| Q3 25 | $6.7M | $48.1M | ||
| Q2 25 | $98.5M | $28.6M | ||
| Q1 25 | $20.5M | $15.0M | ||
| Q4 24 | — | $39.2M | ||
| Q3 24 | $70.8M | $49.3M | ||
| Q2 24 | — | $42.2M | ||
| Q1 24 | — | $44.7M |
自由现金流NESRRGEN
| Q4 25 | — | $17.6M | ||
| Q3 25 | $-34.1M | $43.4M | ||
| Q2 25 | $68.7M | $21.5M | ||
| Q1 25 | $-9.6M | $11.4M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | $43.4M | $42.3M | ||
| Q2 24 | — | $37.4M | ||
| Q1 24 | — | $36.4M |
自由现金流率NESRRGEN
| Q4 25 | — | 8.9% | ||
| Q3 25 | -11.5% | 23.0% | ||
| Q2 25 | 21.0% | 11.8% | ||
| Q1 25 | -3.2% | 6.8% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | 12.9% | 27.3% | ||
| Q2 24 | — | 24.3% | ||
| Q1 24 | — | 24.0% |
资本支出强度NESRRGEN
| Q4 25 | — | 4.1% | ||
| Q3 25 | 13.8% | 2.5% | ||
| Q2 25 | 9.1% | 3.9% | ||
| Q1 25 | 9.9% | 2.1% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 8.1% | 4.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 5.5% |
现金转化率NESRRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | 0.38× | 3.23× | ||
| Q2 25 | 6.48× | 1.92× | ||
| Q1 25 | 1.97× | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
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% |
RGEN
暂无分部数据
