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National Energy Services Reunited Corp.（NESR）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是National Energy Services Reunited Corp.的1.2倍（$362.7M vs $295.3M），National Energy Services Reunited Corp.净利率更高（6.0% vs -10.7%，领先16.7%），National Energy Services Reunited Corp.自由现金流更多（$-34.1M vs $-193.1M）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
NESR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$295.3M
净利率更高
NESR
高出16.7%
-10.7%
自由现金流更多
NESR
多$159.0M
$-193.1M
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $362.7M |
| 净利润 | $17.7M | $-38.7M |
| 毛利率 | 12.0% | 20.9% |
| 营业利润率 | 6.6% | 0.5% |
| 净利率 | 6.0% | -10.7% |
| 营收同比 | -12.2% | — |
| 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NESRVNET
| Q3 25 | $295.3M | $362.7M | ||
| Q2 25 | $327.4M | — | ||
| Q1 25 | $303.1M | $309.5M | ||
| Q3 24 | $336.2M | $302.2M | ||
| Q2 24 | $325.0M | $274.4M | ||
| Q1 24 | — | $262.9M | ||
| Q3 23 | — | $258.6M | ||
| Q2 23 | — | $251.2M |
净利润NESRVNET
| Q3 25 | $17.7M | $-38.7M | ||
| Q2 25 | $15.2M | — | ||
| Q1 25 | $10.4M | $-2.4M | ||
| Q3 24 | $20.6M | $-2.1M | ||
| Q2 24 | $18.9M | $-1.1M | ||
| Q1 24 | — | $-22.0M | ||
| Q3 23 | — | $-5.5M | ||
| Q2 23 | — | — |
毛利率NESRVNET
| Q3 25 | 12.0% | 20.9% | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 12.4% | 25.2% | ||
| Q3 24 | 15.9% | 23.2% | ||
| Q2 24 | 16.4% | 21.3% | ||
| Q1 24 | — | 21.6% | ||
| Q3 23 | — | 16.2% | ||
| Q2 23 | — | 18.8% |
营业利润率NESRVNET
| Q3 25 | 6.6% | 0.5% | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 6.9% | 0.1% | ||
| Q3 24 | 10.5% | 24.5% | ||
| Q2 24 | 10.5% | 0.2% | ||
| Q1 24 | — | 0.2% | ||
| Q3 23 | — | 1.7% | ||
| Q2 23 | — | 5.1% |
净利率NESRVNET
| Q3 25 | 6.0% | -10.7% | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 3.4% | -0.8% | ||
| Q3 24 | 6.1% | -0.7% | ||
| Q2 24 | 5.8% | -0.4% | ||
| Q1 24 | — | -8.4% | ||
| Q3 23 | — | -2.1% | ||
| Q2 23 | — | — |
每股收益（稀释后）NESRVNET
| Q3 25 | $0.18 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.11 | — | ||
| Q3 24 | $0.22 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $492.1M |
| 总债务越低越好 | $274.1M | — |
| 股东权益账面价值 | $956.7M | $890.8M |
| 总资产 | $1.8B | $6.1B |
| 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NESRVNET
| Q3 25 | $69.7M | $492.1M | ||
| Q2 25 | $131.8M | — | ||
| Q1 25 | $78.7M | $544.3M | ||
| Q3 24 | $118.2M | $219.5M | ||
| Q2 24 | $75.0M | $247.2M | ||
| Q1 24 | — | $246.9M | ||
| Q3 23 | — | $370.4M | ||
| Q2 23 | — | $325.9M |
总债务NESRVNET
| Q3 25 | $274.1M | — | ||
| Q2 25 | $291.7M | — | ||
| Q1 25 | $309.2M | — | ||
| Q3 24 | $358.7M | $1.2B | ||
| Q2 24 | $376.7M | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
股东权益NESRVNET
| Q3 25 | $956.7M | $890.8M | ||
| Q2 25 | $936.9M | — | ||
| Q1 25 | $920.5M | $927.8M | ||
| Q3 24 | $873.5M | $902.9M | ||
| Q2 24 | $851.4M | $900.6M | ||
| Q1 24 | — | $895.1M | ||
| Q3 23 | — | $942.7M | ||
| Q2 23 | — | $952.6M |
总资产NESRVNET
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | $5.4B | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.8B | $4.0B | ||
| Q1 24 | — | $3.9B | ||
| Q3 23 | — | $4.1B | ||
| Q2 23 | — | $4.0B |
负债/权益比NESRVNET
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.34× | — | ||
| Q3 24 | 0.41× | 1.28× | ||
| Q2 24 | 0.44× | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | -11.5% | -53.2% |
| 资本支出强度资本支出/营收 | 13.8% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流NESRVNET
| Q3 25 | $6.7M | $113.8M | ||
| Q2 25 | $98.5M | — | ||
| Q1 25 | $20.5M | $27.0M | ||
| Q3 24 | $70.8M | $108.3M | ||
| Q2 24 | — | $55.8M | ||
| Q1 24 | — | $37.1M | ||
| Q3 23 | — | $62.3M | ||
| Q2 23 | — | $58.4M |
自由现金流NESRVNET
| Q3 25 | $-34.1M | $-193.1M | ||
| Q2 25 | $68.7M | — | ||
| Q1 25 | $-9.6M | $-220.0M | ||
| Q3 24 | $43.4M | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M | ||
| Q3 23 | — | $-67.5M | ||
| Q2 23 | — | $4.0M |
自由现金流率NESRVNET
| Q3 25 | -11.5% | -53.2% | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | -3.2% | -71.1% | ||
| Q3 24 | 12.9% | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% | ||
| Q3 23 | — | -26.1% | ||
| Q2 23 | — | 1.6% |
资本支出强度NESRVNET
| Q3 25 | 13.8% | 84.6% | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 9.9% | 79.8% | ||
| Q3 24 | 8.1% | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% | ||
| Q3 23 | — | 50.2% | ||
| Q2 23 | — | 21.7% |
现金转化率NESRVNET
| Q3 25 | 0.38× | — | ||
| Q2 25 | 6.48× | — | ||
| Q1 25 | 1.97× | — | ||
| Q3 24 | 3.43× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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% |
VNET
暂无分部数据
