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NATURAL GAS SERVICES GROUP INC（NGS）与WaterBridge Infrastructure LLC（WBI）财务数据对比。点击上方公司名可切换其他公司
WaterBridge Infrastructure LLC的季度营收约是NATURAL GAS SERVICES GROUP INC的2.7倍（$123.3M vs $46.1M）。NATURAL GAS SERVICES GROUP INC净利率更高（8.9% vs -0.5%，领先9.4%）。NATURAL GAS SERVICES GROUP INC自由现金流更多（$-20.7M vs $-117.8M）
南方公司燃气（原AGL资源）是入选财富美国500强的美国能源服务控股公司，总部位于佐治亚州亚特兰大。公司业务涵盖天然气分销、批发服务、零售业务及中游运营，是美国规模最大的天然气分销企业之一，通过旗下受监管分销子公司，为全美四个州约450万公用事业客户提供服务。
水桥基础设施（WaterBridge Infrastructure LLC）隶属于全球基础设施伙伴集团（GIP）。GIP是美国知名基础设施投资基金，在全球开展股权及优质债权投资业务，总部设于纽约，投资覆盖能源、交通、给排水与固废处理等领域的基础设施资产，在伦敦、悉尼、新加坡等全球多个城市设有办事处，拥有约150名投资及运营专业人员。
NGS vs WBI — 直观对比
营收规模更大
WBI
是对方的2.7倍
$46.1M
净利率更高
NGS
高出9.4%
-0.5%
自由现金流更多
NGS
多$97.1M
$-117.8M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $46.1M | $123.3M |
| 净利润 | $4.1M | $-667.0K |
| 毛利率 | — | 28.4% |
| 营业利润率 | 15.4% | 19.2% |
| 净利率 | 8.9% | -0.5% |
| 营收同比 | 13.5% | — |
| 净利润同比 | 43.2% | — |
| 每股收益（稀释后） | $0.32 | $-0.02 |
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NGSWBI
| Q4 25 | $46.1M | — | ||
| Q3 25 | $43.4M | $123.3M | ||
| Q2 25 | $41.4M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $3.3M | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $3.2M | — |
净利润NGSWBI
| Q4 25 | $4.1M | — | ||
| Q3 25 | $5.8M | $-667.0K | ||
| Q2 25 | $5.2M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $5.0M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $5.1M | — |
毛利率NGSWBI
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率NGSWBI
| Q4 25 | 15.4% | — | ||
| Q3 25 | 24.8% | 19.2% | ||
| Q2 25 | 24.0% | — | ||
| Q1 25 | 23.0% | — | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
净利率NGSWBI
| Q4 25 | 8.9% | — | ||
| Q3 25 | 13.3% | -0.5% | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 150.3% | — | ||
| Q2 24 | 119.2% | — | ||
| Q1 24 | 160.7% | — |
每股收益（稀释后）NGSWBI
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.46 | $-0.02 | ||
| Q2 25 | $0.41 | — | ||
| Q1 25 | $0.38 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.40 | — | ||
| Q2 24 | $0.34 | — | ||
| Q1 24 | $0.41 | — |
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 | — | $346.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $274.7M | $607.7M |
| 总资产 | $586.8M | $3.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NGSWBI
| Q4 25 | — | — | ||
| Q3 25 | — | $346.6M | ||
| Q2 25 | $325.0K | — | ||
| Q1 25 | $2.1M | — | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | $410.0K | — | ||
| Q2 24 | $3.6M | — | ||
| Q1 24 | $5.2M | — |
总债务NGSWBI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $163.0M | — | ||
| Q1 24 | $172.0M | — |
股东权益NGSWBI
| Q4 25 | $274.7M | — | ||
| Q3 25 | $271.4M | $607.7M | ||
| Q2 25 | $266.2M | — | ||
| Q1 25 | $260.3M | — | ||
| Q4 24 | $255.1M | — | ||
| Q3 24 | $251.2M | — | ||
| Q2 24 | $245.7M | — | ||
| Q1 24 | $241.3M | — |
总资产NGSWBI
| Q4 25 | $586.8M | — | ||
| Q3 25 | $562.3M | $3.9B | ||
| Q2 25 | $525.5M | — | ||
| Q1 25 | $501.7M | — | ||
| Q4 24 | $492.5M | — | ||
| Q3 24 | $498.1M | — | ||
| Q2 24 | $489.2M | — | ||
| Q1 24 | $486.2M | — |
负债/权益比NGSWBI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.66× | — | ||
| Q1 24 | 0.71× | — |
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 | $13.9M | $71.5M |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | $-117.8M |
| 自由现金流率自由现金流/营收 | -44.8% | -95.6% |
| 资本支出强度资本支出/营收 | 74.9% | 153.6% |
| 现金转化率经营现金流/净利润 | 3.38× | — |
| 过去12个月自由现金流最近4个季度 | $-58.6M | — |
8季度趋势，按日历期对齐
经营现金流NGSWBI
| Q4 25 | $13.9M | — | ||
| Q3 25 | $16.8M | $71.5M | ||
| Q2 25 | $11.0M | — | ||
| Q1 25 | $21.3M | — | ||
| Q4 24 | $9.4M | — | ||
| Q3 24 | $25.9M | — | ||
| Q2 24 | $25.5M | — | ||
| Q1 24 | $5.6M | — |
自由现金流NGSWBI
| Q4 25 | $-20.7M | — | ||
| Q3 25 | $-25.1M | $-117.8M | ||
| Q2 25 | $-14.8M | — | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | $-5.1M | — | ||
| Q3 24 | $-3.2M | — | ||
| Q2 24 | $8.2M | — | ||
| Q1 24 | $-5.3M | — |
自由现金流率NGSWBI
| Q4 25 | -44.8% | — | ||
| Q3 25 | -57.7% | -95.6% | ||
| Q2 25 | -35.8% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | -12.6% | — | ||
| Q3 24 | -95.0% | — | ||
| Q2 24 | 229.5% | — | ||
| Q1 24 | -167.8% | — |
资本支出强度NGSWBI
| Q4 25 | 74.9% | — | ||
| Q3 25 | 96.5% | 153.6% | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 35.8% | — | ||
| Q3 24 | 871.9% | — | ||
| Q2 24 | 486.1% | — | ||
| Q1 24 | 344.5% | — |
现金转化率NGSWBI
| Q4 25 | 3.38× | — | ||
| Q3 25 | 2.90× | — | ||
| Q2 25 | 2.12× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 3.29× | — | ||
| Q3 24 | 5.17× | — | ||
| Q2 24 | 6.00× | — | ||
| Q1 24 | 1.10× | — |
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
NGS
暂无分部数据
WBI
| Produced Water Handling Revenues Excluding Skim Oil | $102.3M | 83% |
| Water Bridge Equity Finance Limited Liability Company | $12.0M | 10% |
| Skim Oil | $9.1M | 7% |
| Desert Environmental Limited Liability Company | $1.2M | 1% |
