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国民油井华高（NOV）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是国民油井华高的1.1倍（$2.3B vs $2.1B），PPL Corporation净利率更高（11.3% vs 1.0%，领先10.4%），PPL Corporation同比增速更快（7.2% vs -9.9%），国民油井华高自由现金流更多（$51.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -3.8%）
NOV Inc.（前称国民油井华高）是总部位于美国得克萨斯州休斯顿的跨国企业，为上游油气行业提供钻探及生产作业所需的设备零部件、油田服务及供应链整合服务，在六大洲布局超500个运营点，下设能源设备、能源产品与服务两大业务板块。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
NOV vs PPL — 直观对比
营收规模更大
PPL
是对方的1.1倍
$2.1B
营收增速更快
PPL
高出17.1%
-9.9%
净利率更高
PPL
高出10.4%
1.0%
自由现金流更多
NOV
多$665.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.3B |
| 净利润 | $20.0M | $266.0M |
| 毛利率 | 18.5% | — |
| 营业利润率 | 2.3% | 20.3% |
| 净利率 | 1.0% | 11.3% |
| 营收同比 | -9.9% | 7.2% |
| 净利润同比 | -73.0% | 50.3% |
| 每股收益（稀释后） | $0.05 | $0.35 |
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NOVPPL
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $2.3B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.1B | $2.5B | ||
| Q4 24 | $2.3B | $2.2B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $1.9B |
净利润NOVPPL
| Q1 26 | $20.0M | — | ||
| Q4 25 | $-78.0M | $266.0M | ||
| Q3 25 | $42.0M | $318.0M | ||
| Q2 25 | $108.0M | $183.0M | ||
| Q1 25 | $73.0M | $414.0M | ||
| Q4 24 | $160.0M | $177.0M | ||
| Q3 24 | $130.0M | $214.0M | ||
| Q2 24 | $226.0M | $190.0M |
毛利率NOVPPL
| Q1 26 | 18.5% | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 18.9% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 26.6% | — |
营业利润率NOVPPL
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.0% | 20.3% | ||
| Q3 25 | 4.9% | 25.4% | ||
| Q2 25 | 6.5% | 19.9% | ||
| Q1 25 | 7.2% | 26.6% | ||
| Q4 24 | 9.0% | 17.2% | ||
| Q3 24 | 8.9% | 20.6% | ||
| Q2 24 | 14.1% | 20.8% |
净利率NOVPPL
| Q1 26 | 1.0% | — | ||
| Q4 25 | -3.4% | 11.3% | ||
| Q3 25 | 1.9% | 14.2% | ||
| Q2 25 | 4.9% | 9.0% | ||
| Q1 25 | 3.5% | 16.3% | ||
| Q4 24 | 6.9% | 8.1% | ||
| Q3 24 | 5.9% | 10.3% | ||
| Q2 24 | 10.2% | 10.1% |
每股收益（稀释后）NOVPPL
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-0.20 | $0.35 | ||
| Q3 25 | $0.11 | $0.43 | ||
| Q2 25 | $0.29 | $0.25 | ||
| Q1 25 | $0.19 | $0.56 | ||
| Q4 24 | $0.40 | $0.23 | ||
| Q3 24 | $0.33 | $0.29 | ||
| Q2 24 | $0.57 | $0.26 |
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 | $1.3B | $1.1B |
| 总债务越低越好 | $1.7B | $18.9B |
| 股东权益账面价值 | — | $14.9B |
| 总资产 | $11.1B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资NOVPPL
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $294.0M | ||
| Q1 25 | $1.2B | $312.0M | ||
| Q4 24 | $1.2B | $306.0M | ||
| Q3 24 | $985.0M | $542.0M | ||
| Q2 24 | $827.0M | $282.0M |
总债务NOVPPL
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $18.9B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $16.5B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
股东权益NOVPPL
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $14.9B | ||
| Q3 25 | $6.5B | $14.4B | ||
| Q2 25 | $6.5B | $14.3B | ||
| Q1 25 | $6.4B | $14.3B | ||
| Q4 24 | $6.4B | $14.1B | ||
| Q3 24 | $6.5B | $14.1B | ||
| Q2 24 | $6.4B | $14.1B |
总资产NOVPPL
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.3B | $45.2B | ||
| Q3 25 | $11.3B | $43.9B | ||
| Q2 25 | $11.4B | $42.4B | ||
| Q1 25 | $11.3B | $41.8B | ||
| Q4 24 | $11.4B | $41.1B | ||
| Q3 24 | $11.4B | $40.5B | ||
| Q2 24 | $11.3B | $39.8B |
负债/权益比NOVPPL
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 1.27× | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.27× | 1.17× | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 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 | — | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 2.5% | -26.1% |
| 资本支出强度资本支出/营收 | — | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | $876.0M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流NOVPPL
| Q1 26 | — | — | ||
| Q4 25 | $573.0M | $548.0M | ||
| Q3 25 | $352.0M | $966.0M | ||
| Q2 25 | $191.0M | $602.0M | ||
| Q1 25 | $135.0M | $513.0M | ||
| Q4 24 | $591.0M | $511.0M | ||
| Q3 24 | $359.0M | $781.0M | ||
| Q2 24 | $432.0M | $766.0M |
自由现金流NOVPPL
| Q1 26 | $51.0M | — | ||
| Q4 25 | $472.0M | $-614.0M | ||
| Q3 25 | $245.0M | $-179.0M | ||
| Q2 25 | $108.0M | $-328.0M | ||
| Q1 25 | $51.0M | $-280.0M | ||
| Q4 24 | $473.0M | $-349.0M | ||
| Q3 24 | $277.0M | $102.0M | ||
| Q2 24 | $350.0M | $96.0M |
自由现金流率NOVPPL
| Q1 26 | 2.5% | — | ||
| Q4 25 | 20.7% | -26.1% | ||
| Q3 25 | 11.3% | -8.0% | ||
| Q2 25 | 4.9% | -16.1% | ||
| Q1 25 | 2.4% | -11.0% | ||
| Q4 24 | 20.5% | -15.9% | ||
| Q3 24 | 12.6% | 4.9% | ||
| Q2 24 | 15.8% | 5.1% |
资本支出强度NOVPPL
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 49.5% | ||
| Q3 25 | 4.9% | 51.2% | ||
| Q2 25 | 3.8% | 45.6% | ||
| Q1 25 | 4.0% | 31.2% | ||
| Q4 24 | 5.1% | 39.3% | ||
| Q3 24 | 3.7% | 32.7% | ||
| Q2 24 | 3.7% | 35.8% |
现金转化率NOVPPL
| Q1 26 | — | — | ||
| Q4 25 | — | 2.06× | ||
| Q3 25 | 8.38× | 3.04× | ||
| Q2 25 | 1.77× | 3.29× | ||
| Q1 25 | 1.85× | 1.24× | ||
| Q4 24 | 3.69× | 2.89× | ||
| Q3 24 | 2.76× | 3.65× | ||
| Q2 24 | 1.91× | 4.03× |
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
NOV
| Energy Equipment | $1.2B | 58% |
| Energy Products and Services | $897.0M | 44% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
