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National Energy Services Reunited Corp.（NESR）与EXPRO GROUP HOLDINGS N.V.（XPRO）财务数据对比。点击上方公司名可切换其他公司
EXPRO GROUP HOLDINGS N.V.的季度营收约是National Energy Services Reunited Corp.的1.3倍（$382.1M vs $295.3M）。National Energy Services Reunited Corp.净利率更高（6.0% vs 1.5%，领先4.5%）。National Energy Services Reunited Corp.同比增速更快（-12.2% vs -12.5%）。EXPRO GROUP HOLDINGS N.V.自由现金流更多（$23.2M 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。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
NESR vs XPRO — 直观对比
营收规模更大
XPRO
是对方的1.3倍
$295.3M
营收增速更快
NESR
高出0.4%
-12.5%
净利率更高
NESR
高出4.5%
1.5%
自由现金流更多
XPRO
多$57.3M
$-34.1M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $382.1M |
| 净利润 | $17.7M | $5.8M |
| 毛利率 | 12.0% | — |
| 营业利润率 | 6.6% | 3.1% |
| 净利率 | 6.0% | 1.5% |
| 营收同比 | -12.2% | -12.5% |
| 净利润同比 | -14.0% | -74.9% |
| 每股收益（稀释后） | $0.18 | $0.05 |
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NESRXPRO
| Q4 25 | — | $382.1M | ||
| Q3 25 | $295.3M | $411.4M | ||
| Q2 25 | $327.4M | $422.7M | ||
| Q1 25 | $303.1M | $390.9M | ||
| Q4 24 | — | $436.8M | ||
| Q3 24 | $336.2M | $422.8M | ||
| Q2 24 | $325.0M | $469.6M | ||
| Q1 24 | — | $383.5M |
净利润NESRXPRO
| Q4 25 | — | $5.8M | ||
| Q3 25 | $17.7M | $14.0M | ||
| Q2 25 | $15.2M | $18.0M | ||
| Q1 25 | $10.4M | $13.9M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | $20.6M | $16.3M | ||
| Q2 24 | $18.9M | $15.3M | ||
| Q1 24 | — | $-2.7M |
毛利率NESRXPRO
| Q4 25 | — | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | — | — |
营业利润率NESRXPRO
| Q4 25 | — | 3.1% | ||
| Q3 25 | 6.6% | 6.4% | ||
| Q2 25 | 8.3% | 7.7% | ||
| Q1 25 | 6.9% | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 10.5% | 6.2% | ||
| Q2 24 | 10.5% | 5.9% | ||
| Q1 24 | — | 2.2% |
净利率NESRXPRO
| Q4 25 | — | 1.5% | ||
| Q3 25 | 6.0% | 3.4% | ||
| Q2 25 | 4.6% | 4.3% | ||
| Q1 25 | 3.4% | 3.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | 6.1% | 3.8% | ||
| Q2 24 | 5.8% | 3.3% | ||
| Q1 24 | — | -0.7% |
每股收益（稀释后）NESRXPRO
| Q4 25 | — | $0.05 | ||
| Q3 25 | $0.18 | $0.12 | ||
| Q2 25 | $0.16 | $0.16 | ||
| Q1 25 | $0.11 | $0.12 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | $0.22 | $0.14 | ||
| Q2 24 | $0.20 | $0.13 | ||
| Q1 24 | — | $-0.02 |
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 | $196.1M |
| 总债务越低越好 | $274.1M | $79.1M |
| 股东权益账面价值 | $956.7M | $1.5B |
| 总资产 | $1.8B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资NESRXPRO
| Q4 25 | — | $196.1M | ||
| Q3 25 | $69.7M | $197.9M | ||
| Q2 25 | $131.8M | $206.8M | ||
| Q1 25 | $78.7M | $179.3M | ||
| Q4 24 | — | $183.0M | ||
| Q3 24 | $118.2M | $165.7M | ||
| Q2 24 | $75.0M | $133.5M | ||
| Q1 24 | — | $163.2M |
总债务NESRXPRO
| Q4 25 | — | $79.1M | ||
| Q3 25 | $274.1M | $99.1M | ||
| Q2 25 | $291.7M | $121.1M | ||
| Q1 25 | $309.2M | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | $358.7M | $121.1M | ||
| Q2 24 | $376.7M | $121.1M | ||
| Q1 24 | — | $40.0M |
股东权益NESRXPRO
| Q4 25 | — | $1.5B | ||
| Q3 25 | $956.7M | $1.5B | ||
| Q2 25 | $936.9M | $1.5B | ||
| Q1 25 | $920.5M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $873.5M | $1.5B | ||
| Q2 24 | $851.4M | $1.5B | ||
| Q1 24 | — | $1.3B |
总资产NESRXPRO
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.8B | $2.3B | ||
| Q1 24 | — | $2.0B |
负债/权益比NESRXPRO
| Q4 25 | — | 0.05× | ||
| Q3 25 | 0.29× | 0.07× | ||
| Q2 25 | 0.31× | 0.08× | ||
| Q1 25 | 0.34× | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | 0.41× | 0.08× | ||
| Q2 24 | 0.44× | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | $23.2M |
| 自由现金流率自由现金流/营收 | -11.5% | 6.1% |
| 资本支出强度资本支出/营收 | 13.8% | 8.9% |
| 现金转化率经营现金流/净利润 | 0.38× | 9.89× |
| 过去12个月自由现金流最近4个季度 | $68.5M | $97.8M |
8季度趋势，按日历期对齐
经营现金流NESRXPRO
| Q4 25 | — | $57.1M | ||
| Q3 25 | $6.7M | $63.2M | ||
| Q2 25 | $98.5M | $48.4M | ||
| Q1 25 | $20.5M | $41.5M | ||
| Q4 24 | — | $97.4M | ||
| Q3 24 | $70.8M | $55.3M | ||
| Q2 24 | — | $-13.2M | ||
| Q1 24 | — | $29.9M |
自由现金流NESRXPRO
| Q4 25 | — | $23.2M | ||
| Q3 25 | $-34.1M | $39.0M | ||
| Q2 25 | $68.7M | $27.2M | ||
| Q1 25 | $-9.6M | $8.4M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $43.4M | $23.3M | ||
| Q2 24 | — | $-49.5M | ||
| Q1 24 | — | $-801.0K |
自由现金流率NESRXPRO
| Q4 25 | — | 6.1% | ||
| Q3 25 | -11.5% | 9.5% | ||
| Q2 25 | 21.0% | 6.4% | ||
| Q1 25 | -3.2% | 2.1% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 12.9% | 5.5% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | -0.2% |
资本支出强度NESRXPRO
| Q4 25 | — | 8.9% | ||
| Q3 25 | 13.8% | 5.9% | ||
| Q2 25 | 9.1% | 5.0% | ||
| Q1 25 | 9.9% | 8.5% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | 8.1% | 7.6% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 8.0% |
现金转化率NESRXPRO
| Q4 25 | — | 9.89× | ||
| Q3 25 | 0.38× | 4.52× | ||
| Q2 25 | 6.48× | 2.69× | ||
| Q1 25 | 1.97× | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | 3.43× | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| Q1 24 | — | — |
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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
