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国民油井华高（NOV）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
国民油井华高的季度营收约是帕森斯公司的1.3倍（$2.1B vs $1.6B），帕森斯公司净利率更高（3.5% vs 1.0%，领先2.5%），帕森斯公司同比增速更快（-7.5% vs -9.9%），帕森斯公司自由现金流更多（$135.6M vs $51.0M），过去两年帕森斯公司的营收复合增速更高（2.2% 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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
NOV vs PSN — 直观对比
营收规模更大
NOV
是对方的1.3倍
$1.6B
营收增速更快
PSN
高出2.4%
-9.9%
净利率更高
PSN
高出2.5%
1.0%
自由现金流更多
PSN
多$84.6M
$51.0M
两年增速更快
PSN
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.6B |
| 净利润 | $20.0M | $55.6M |
| 毛利率 | 18.5% | 23.0% |
| 营业利润率 | 2.3% | 6.6% |
| 净利率 | 1.0% | 3.5% |
| 营收同比 | -9.9% | -7.5% |
| 净利润同比 | -73.0% | -72.4% |
| 每股收益（稀释后） | $0.05 | $0.51 |
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NOVPSN
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.2B | $1.7B |
净利润NOVPSN
| Q1 26 | $20.0M | — | ||
| Q4 25 | $-78.0M | $55.6M | ||
| Q3 25 | $42.0M | $64.1M | ||
| Q2 25 | $108.0M | $55.2M | ||
| Q1 25 | $73.0M | $66.2M | ||
| Q4 24 | $160.0M | $201.3M | ||
| Q3 24 | $130.0M | $72.0M | ||
| Q2 24 | $226.0M | $69.2M |
毛利率NOVPSN
| Q1 26 | 18.5% | — | ||
| Q4 25 | 20.3% | 23.0% | ||
| Q3 25 | 18.9% | 22.2% | ||
| Q2 25 | 20.4% | 22.0% | ||
| Q1 25 | 21.3% | 22.8% | ||
| Q4 24 | 21.4% | 21.3% | ||
| Q3 24 | 21.4% | 19.9% | ||
| Q2 24 | 26.6% | 21.0% |
营业利润率NOVPSN
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.0% | 6.6% | ||
| Q3 25 | 4.9% | 6.7% | ||
| Q2 25 | 6.5% | 6.0% | ||
| Q1 25 | 7.2% | 7.0% | ||
| Q4 24 | 9.0% | 5.8% | ||
| Q3 24 | 8.9% | 6.4% | ||
| Q2 24 | 14.1% | 6.7% |
净利率NOVPSN
| Q1 26 | 1.0% | — | ||
| Q4 25 | -3.4% | 3.5% | ||
| Q3 25 | 1.9% | 4.0% | ||
| Q2 25 | 4.9% | 3.5% | ||
| Q1 25 | 3.5% | 4.3% | ||
| Q4 24 | 6.9% | 11.6% | ||
| Q3 24 | 5.9% | 4.0% | ||
| Q2 24 | 10.2% | 4.1% |
每股收益（稀释后）NOVPSN
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-0.20 | $0.51 | ||
| Q3 25 | $0.11 | $0.59 | ||
| Q2 25 | $0.29 | $0.50 | ||
| Q1 25 | $0.19 | $0.60 | ||
| Q4 24 | $0.40 | $1.85 | ||
| Q3 24 | $0.33 | $0.65 | ||
| Q2 24 | $0.57 | $0.63 |
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 | $466.4M |
| 总债务越低越好 | $1.7B | $1.2B |
| 股东权益账面价值 | — | $2.6B |
| 总资产 | $11.1B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资NOVPSN
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.6B | $466.4M | ||
| Q3 25 | $1.2B | $422.6M | ||
| Q2 25 | $1.1B | $411.3M | ||
| Q1 25 | $1.2B | $269.7M | ||
| Q4 24 | $1.2B | $453.5M | ||
| Q3 24 | $985.0M | $558.8M | ||
| Q2 24 | $827.0M | $528.5M |
总债务NOVPSN
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $785.2M | ||
| Q4 24 | $1.7B | $784.1M | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B |
股东权益NOVPSN
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $2.6B | ||
| Q3 25 | $6.5B | $2.6B | ||
| Q2 25 | $6.5B | $2.5B | ||
| Q1 25 | $6.4B | $2.5B | ||
| Q4 24 | $6.4B | $2.4B | ||
| Q3 24 | $6.5B | $2.3B | ||
| Q2 24 | $6.4B | $2.2B |
总资产NOVPSN
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.3B | $5.8B | ||
| Q3 25 | $11.3B | $5.7B | ||
| Q2 25 | $11.4B | $5.7B | ||
| Q1 25 | $11.3B | $5.4B | ||
| Q4 24 | $11.4B | $5.5B | ||
| Q3 24 | $11.4B | $5.4B | ||
| Q2 24 | $11.3B | $5.2B |
负债/权益比NOVPSN
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 0.47× | ||
| Q3 25 | 0.27× | 0.48× | ||
| Q2 25 | 0.27× | 0.49× | ||
| Q1 25 | 0.27× | 0.32× | ||
| Q4 24 | 0.27× | 0.32× | ||
| Q3 24 | 0.27× | 0.49× | ||
| Q2 24 | 0.27× | 0.56× |
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 | — | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $135.6M |
| 自由现金流率自由现金流/营收 | 2.5% | 8.5% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | — | 3.01× |
| 过去12个月自由现金流最近4个季度 | $876.0M | $410.4M |
8季度趋势，按日历期对齐
经营现金流NOVPSN
| Q1 26 | — | — | ||
| Q4 25 | $573.0M | $167.5M | ||
| Q3 25 | $352.0M | $162.8M | ||
| Q2 25 | $191.0M | $159.8M | ||
| Q1 25 | $135.0M | $-11.8M | ||
| Q4 24 | $591.0M | $126.8M | ||
| Q3 24 | $359.0M | $299.0M | ||
| Q2 24 | $432.0M | $161.2M |
自由现金流NOVPSN
| Q1 26 | $51.0M | — | ||
| Q4 25 | $472.0M | $135.6M | ||
| Q3 25 | $245.0M | $149.7M | ||
| Q2 25 | $108.0M | $150.4M | ||
| Q1 25 | $51.0M | $-25.3M | ||
| Q4 24 | $473.0M | $108.0M | ||
| Q3 24 | $277.0M | $287.3M | ||
| Q2 24 | $350.0M | $152.0M |
自由现金流率NOVPSN
| Q1 26 | 2.5% | — | ||
| Q4 25 | 20.7% | 8.5% | ||
| Q3 25 | 11.3% | 9.2% | ||
| Q2 25 | 4.9% | 9.5% | ||
| Q1 25 | 2.4% | -1.6% | ||
| Q4 24 | 20.5% | 6.2% | ||
| Q3 24 | 12.6% | 15.9% | ||
| Q2 24 | 15.8% | 9.1% |
资本支出强度NOVPSN
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 2.0% | ||
| Q3 25 | 4.9% | 0.8% | ||
| Q2 25 | 3.8% | 0.6% | ||
| Q1 25 | 4.0% | 0.9% | ||
| Q4 24 | 5.1% | 1.1% | ||
| Q3 24 | 3.7% | 0.6% | ||
| Q2 24 | 3.7% | 0.6% |
现金转化率NOVPSN
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | 8.38× | 2.54× | ||
| Q2 25 | 1.77× | 2.89× | ||
| Q1 25 | 1.85× | -0.18× | ||
| Q4 24 | 3.69× | 0.63× | ||
| Q3 24 | 2.76× | 4.16× | ||
| Q2 24 | 1.91× | 2.33× |
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
