vs
National Energy Services Reunited Corp.（NESR）与Shoals Technologies Group, Inc.（SHLS）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Shoals Technologies Group, Inc.的2.1倍（$295.3M vs $140.6M），National Energy Services Reunited Corp.净利率更高（6.0% vs -0.2%，领先6.2%），Shoals Technologies Group, Inc.同比增速更快（74.9% vs -12.2%）
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。
Shoals科技集团是可再生能源及电动出行领域的电气系统平衡解决方案供应商，核心产品覆盖光伏、储能及充电桩用连接组件，主要服务北美、欧洲、亚太市场的公用事业、工商业及民用客户。
NESR vs SHLS — 直观对比
营收规模更大
NESR
是对方的2.1倍
$140.6M
营收增速更快
SHLS
高出87.1%
-12.2%
净利率更高
NESR
高出6.2%
-0.2%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $140.6M |
| 净利润 | $17.7M | $-297.0K |
| 毛利率 | 12.0% | 29.2% |
| 营业利润率 | 6.6% | 5.5% |
| 净利率 | 6.0% | -0.2% |
| 营收同比 | -12.2% | 74.9% |
| 净利润同比 | -14.0% | -5.3% |
| 每股收益（稀释后） | $0.18 | $0.00 |
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NESRSHLS
| Q1 26 | — | $140.6M | ||
| Q4 25 | — | $148.3M | ||
| Q3 25 | $295.3M | $135.8M | ||
| Q2 25 | $327.4M | $110.8M | ||
| Q1 25 | $303.1M | $80.4M | ||
| Q4 24 | — | $107.0M | ||
| Q3 24 | $336.2M | $102.2M | ||
| Q2 24 | $325.0M | $99.2M |
净利润NESRSHLS
| Q1 26 | — | $-297.0K | ||
| Q4 25 | — | $8.1M | ||
| Q3 25 | $17.7M | $11.9M | ||
| Q2 25 | $15.2M | $13.9M | ||
| Q1 25 | $10.4M | $-282.0K | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $20.6M | $-267.0K | ||
| Q2 24 | $18.9M | $11.8M |
毛利率NESRSHLS
| Q1 26 | — | 29.2% | ||
| Q4 25 | — | 31.6% | ||
| Q3 25 | 12.0% | 37.0% | ||
| Q2 25 | 13.4% | 37.2% | ||
| Q1 25 | 12.4% | 35.0% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | 15.9% | 24.8% | ||
| Q2 24 | 16.4% | 40.3% |
营业利润率NESRSHLS
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 6.6% | 13.7% | ||
| Q2 25 | 8.3% | 14.4% | ||
| Q1 25 | 6.9% | 5.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | 10.5% | 4.4% | ||
| Q2 24 | 10.5% | 18.7% |
净利率NESRSHLS
| Q1 26 | — | -0.2% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | 6.0% | 8.7% | ||
| Q2 25 | 4.6% | 12.5% | ||
| Q1 25 | 3.4% | -0.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 6.1% | -0.3% | ||
| Q2 24 | 5.8% | 11.9% |
每股收益（稀释后）NESRSHLS
| Q1 26 | — | $0.00 | ||
| Q4 25 | — | $0.05 | ||
| Q3 25 | $0.18 | $0.07 | ||
| Q2 25 | $0.16 | $0.08 | ||
| Q1 25 | $0.11 | $0.00 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | $0.22 | $0.00 | ||
| Q2 24 | $0.20 | $0.07 |
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 | $1.9M |
| 总债务越低越好 | $274.1M | — |
| 股东权益账面价值 | $956.7M | $601.6M |
| 总资产 | $1.8B | $1.0B |
| 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NESRSHLS
| Q1 26 | — | $1.9M | ||
| Q4 25 | — | $7.3M | ||
| Q3 25 | $69.7M | $8.6M | ||
| Q2 25 | $131.8M | $4.7M | ||
| Q1 25 | $78.7M | $35.6M | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | $118.2M | $11.1M | ||
| Q2 24 | $75.0M | $3.2M |
总债务NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $274.1M | — | ||
| Q2 25 | $291.7M | — | ||
| Q1 25 | $309.2M | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | $358.7M | $141.8M | ||
| Q2 24 | $376.7M | $146.8M |
股东权益NESRSHLS
| Q1 26 | — | $601.6M | ||
| Q4 25 | — | $600.0M | ||
| Q3 25 | $956.7M | $589.6M | ||
| Q2 25 | $936.9M | $575.4M | ||
| Q1 25 | $920.5M | $558.9M | ||
| Q4 24 | — | $556.8M | ||
| Q3 24 | $873.5M | $545.2M | ||
| Q2 24 | $851.4M | $544.6M |
总资产NESRSHLS
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $904.1M | ||
| Q3 25 | $1.8B | $851.8M | ||
| Q2 25 | $1.8B | $795.0M | ||
| Q1 25 | $1.8B | $788.4M | ||
| Q4 24 | — | $793.1M | ||
| Q3 24 | $1.8B | $801.3M | ||
| Q2 24 | $1.8B | $788.4M |
负债/权益比NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.34× | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | 0.41× | 0.26× | ||
| Q2 24 | 0.44× | 0.27× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | — |
| 自由现金流率自由现金流/营收 | -11.5% | — |
| 资本支出强度资本支出/营收 | 13.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | $-4.1M | ||
| Q3 25 | $6.7M | $19.4M | ||
| Q2 25 | $98.5M | $-13.8M | ||
| Q1 25 | $20.5M | $15.6M | ||
| Q4 24 | — | $14.0M | ||
| Q3 24 | $70.8M | $15.7M | ||
| Q2 24 | — | $37.8M |
自由现金流NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | $-11.3M | ||
| Q3 25 | $-34.1M | $9.0M | ||
| Q2 25 | $68.7M | $-26.0M | ||
| Q1 25 | $-9.6M | $12.3M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $43.4M | $13.3M | ||
| Q2 24 | — | $35.8M |
自由现金流率NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | -7.6% | ||
| Q3 25 | -11.5% | 6.6% | ||
| Q2 25 | 21.0% | -23.5% | ||
| Q1 25 | -3.2% | 15.4% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 12.9% | 13.0% | ||
| Q2 24 | — | 36.1% |
资本支出强度NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | 13.8% | 7.7% | ||
| Q2 25 | 9.1% | 11.0% | ||
| Q1 25 | 9.9% | 4.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 8.1% | 2.3% | ||
| Q2 24 | — | 2.0% |
现金转化率NESRSHLS
| Q1 26 | — | — | ||
| Q4 25 | — | -0.50× | ||
| Q3 25 | 0.38× | 1.63× | ||
| Q2 25 | 6.48× | -1.00× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | — | 3.21× |
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% |
SHLS
暂无分部数据
