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National Energy Services Reunited Corp.（NESR）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.3倍（$295.3M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -12.2%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M 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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
NESR vs ROCK — 直观对比
营收规模更大
NESR
是对方的1.3倍
$225.0M
营收增速更快
ROCK
高出37.1%
-12.2%
自由现金流更多
ROCK
多$60.3M
$-34.1M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $225.0M |
| 净利润 | $17.7M | — |
| 毛利率 | 12.0% | 25.3% |
| 营业利润率 | 6.6% | 7.9% |
| 净利率 | 6.0% | — |
| 营收同比 | -12.2% | 24.9% |
| 净利润同比 | -14.0% | — |
| 每股收益（稀释后） | $0.18 | — |
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NESRROCK
| Q4 25 | — | $225.0M | ||
| Q3 25 | $295.3M | $310.9M | ||
| Q2 25 | $327.4M | $309.5M | ||
| Q1 25 | $303.1M | $290.0M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | $336.2M | $277.1M | ||
| Q2 24 | $325.0M | $273.6M | ||
| Q1 24 | — | $292.5M |
净利润NESRROCK
| Q4 25 | — | — | ||
| Q3 25 | $17.7M | $-89.1M | ||
| Q2 25 | $15.2M | $26.0M | ||
| Q1 25 | $10.4M | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $20.6M | $34.0M | ||
| Q2 24 | $18.9M | $32.2M | ||
| Q1 24 | — | $24.9M |
毛利率NESRROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | 12.0% | 26.6% | ||
| Q2 25 | 13.4% | 28.4% | ||
| Q1 25 | 12.4% | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | 15.9% | 29.4% | ||
| Q2 24 | 16.4% | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率NESRROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | 6.6% | 12.8% | ||
| Q2 25 | 8.3% | 12.8% | ||
| Q1 25 | 6.9% | 8.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | 10.5% | 15.6% | ||
| Q2 24 | 10.5% | 14.9% | ||
| Q1 24 | — | 10.8% |
净利率NESRROCK
| Q4 25 | — | — | ||
| Q3 25 | 6.0% | -28.6% | ||
| Q2 25 | 4.6% | 8.4% | ||
| Q1 25 | 3.4% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.1% | 12.3% | ||
| Q2 24 | 5.8% | 11.8% | ||
| Q1 24 | — | 8.5% |
每股收益（稀释后）NESRROCK
| Q4 25 | — | — | ||
| Q3 25 | $0.18 | $-2.98 | ||
| Q2 25 | $0.16 | $0.87 | ||
| Q1 25 | $0.11 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.22 | $1.11 | ||
| Q2 24 | $0.20 | $1.05 | ||
| Q1 24 | — | — |
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 | $115.7M |
| 总债务越低越好 | $274.1M | $0 |
| 股东权益账面价值 | $956.7M | $950.4M |
| 总资产 | $1.8B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资NESRROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | $69.7M | $89.4M | ||
| Q2 25 | $131.8M | $43.3M | ||
| Q1 25 | $78.7M | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | $118.2M | $228.9M | ||
| Q2 24 | $75.0M | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务NESRROCK
| Q4 25 | — | $0 | ||
| Q3 25 | $274.1M | $0 | ||
| Q2 25 | $291.7M | $0 | ||
| Q1 25 | $309.2M | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $358.7M | $0 | ||
| Q2 24 | $376.7M | $0 | ||
| Q1 24 | — | $0 |
股东权益NESRROCK
| Q4 25 | — | $950.4M | ||
| Q3 25 | $956.7M | $951.8M | ||
| Q2 25 | $936.9M | $1.0B | ||
| Q1 25 | $920.5M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $873.5M | $1.0B | ||
| Q2 24 | $851.4M | $975.7M | ||
| Q1 24 | — | $940.2M |
总资产NESRROCK
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.8B | $1.4B | ||
| Q1 24 | — | $1.3B |
负债/权益比NESRROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.29× | 0.00× | ||
| Q2 25 | 0.31× | 0.00× | ||
| Q1 25 | 0.34× | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 0.41× | 0.00× | ||
| Q2 24 | 0.44× | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $26.2M |
| 自由现金流率自由现金流/营收 | -11.5% | 11.7% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $68.5M | $120.6M |
8季度趋势，按日历期对齐
经营现金流NESRROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | $6.7M | $73.0M | ||
| Q2 25 | $98.5M | $44.9M | ||
| Q1 25 | $20.5M | $13.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | $70.8M | $64.7M | ||
| Q2 24 | — | $36.5M | ||
| Q1 24 | — | $53.2M |
自由现金流NESRROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | $-34.1M | $64.8M | ||
| Q2 25 | $68.7M | $27.3M | ||
| Q1 25 | $-9.6M | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | $43.4M | $60.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率NESRROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | -11.5% | 20.8% | ||
| Q2 25 | 21.0% | 8.8% | ||
| Q1 25 | -3.2% | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 12.9% | 21.8% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度NESRROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | 13.8% | 2.6% | ||
| Q2 25 | 9.1% | 5.7% | ||
| Q1 25 | 9.9% | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 8.1% | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率NESRROCK
| Q4 25 | — | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 6.48× | 1.73× | ||
| Q1 25 | 1.97× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.43× | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
