vs
国民油井华高（NOV）与Solaris Energy Infrastructure, Inc.（SEI）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Solaris Energy Infrastructure, Inc.的12.7倍（$2.3B vs $179.7M）。Solaris Energy Infrastructure, Inc.净利率更高（-0.9% vs -3.4%，领先2.5%）。Solaris Energy Infrastructure, Inc.同比增速更快（86.6% vs -1.3%）。国民油井华高自由现金流更多（$472.0M vs $-158.6M）。过去两年Solaris Energy Infrastructure, Inc.的营收复合增速更高（62.7% vs 2.8%）
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。
AGL能源有限公司是澳大利亚上市企业，业务涵盖民用及商用电力、天然气的生产与零售，是国家电力市场三大零售商之一。作为澳大利亚最大的电力生产商，该公司同时也是该国最大的碳排放主体。
NOV vs SEI — 直观对比
营收规模更大
NOV
是对方的12.7倍
$179.7M
营收增速更快
SEI
高出88.0%
-1.3%
净利率更高
SEI
高出2.5%
-3.4%
自由现金流更多
NOV
多$630.6M
$-158.6M
两年增速更快
SEI
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $179.7M |
| 净利润 | $-78.0M | $-1.7M |
| 毛利率 | 20.3% | — |
| 营业利润率 | 4.0% | 22.2% |
| 净利率 | -3.4% | -0.9% |
| 营收同比 | -1.3% | 86.6% |
| 净利润同比 | -148.8% | -126.5% |
| 每股收益（稀释后） | $-0.20 | — |
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NOVSEI
| Q4 25 | $2.3B | $179.7M | ||
| Q3 25 | $2.2B | $166.8M | ||
| Q2 25 | $2.2B | $149.3M | ||
| Q1 25 | $2.1B | $126.3M | ||
| Q4 24 | $2.3B | $96.3M | ||
| Q3 24 | $2.2B | $75.0M | ||
| Q2 24 | $2.2B | $73.9M | ||
| Q1 24 | $2.2B | $67.9M |
净利润NOVSEI
| Q4 25 | $-78.0M | $-1.7M | ||
| Q3 25 | $42.0M | $14.6M | ||
| Q2 25 | $108.0M | $12.0M | ||
| Q1 25 | $73.0M | $5.3M | ||
| Q4 24 | $160.0M | $6.3M | ||
| Q3 24 | $130.0M | $-968.0K | ||
| Q2 24 | $226.0M | $6.2M | ||
| Q1 24 | $119.0M | $4.3M |
毛利率NOVSEI
| 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% | — | ||
| Q1 24 | 21.3% | — |
营业利润率NOVSEI
| Q4 25 | 4.0% | 22.2% | ||
| Q3 25 | 4.9% | 22.7% | ||
| Q2 25 | 6.5% | 23.8% | ||
| Q1 25 | 7.2% | 17.5% | ||
| Q4 24 | 9.0% | 26.7% | ||
| Q3 24 | 8.9% | 7.0% | ||
| Q2 24 | 14.1% | 16.0% | ||
| Q1 24 | 7.5% | 14.7% |
净利率NOVSEI
| Q4 25 | -3.4% | -0.9% | ||
| Q3 25 | 1.9% | 8.7% | ||
| Q2 25 | 4.9% | 8.0% | ||
| Q1 25 | 3.5% | 4.2% | ||
| Q4 24 | 6.9% | 6.5% | ||
| Q3 24 | 5.9% | -1.3% | ||
| Q2 24 | 10.2% | 8.4% | ||
| Q1 24 | 5.5% | 6.4% |
每股收益（稀释后）NOVSEI
| Q4 25 | $-0.20 | — | ||
| Q3 25 | $0.11 | — | ||
| Q2 25 | $0.29 | — | ||
| Q1 25 | $0.19 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 24 | $0.30 | — |
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 | $1.6B | $353.3M |
| 总债务越低越好 | $1.7B | $184.0M |
| 股东权益账面价值 | $6.3B | $564.3M |
| 总资产 | $11.3B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资NOVSEI
| Q4 25 | $1.6B | $353.3M | ||
| Q3 25 | $1.2B | $106.7M | ||
| Q2 25 | $1.1B | $99.6M | ||
| Q1 25 | $1.2B | $16.7M | ||
| Q4 24 | $1.2B | $114.3M | ||
| Q3 24 | $985.0M | $18.6M | ||
| Q2 24 | $827.0M | $5.1M | ||
| Q1 24 | $468.0M | $3.4M |
总债务NOVSEI
| Q4 25 | $1.7B | $184.0M | ||
| Q3 25 | $1.7B | $382.8M | ||
| Q2 25 | $1.7B | $386.2M | ||
| Q1 25 | $1.7B | $316.2M | ||
| Q4 24 | $1.7B | $315.7M | ||
| Q3 24 | $1.7B | $315.3M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.8B | — |
股东权益NOVSEI
| Q4 25 | $6.3B | $564.3M | ||
| Q3 25 | $6.5B | $546.6M | ||
| Q2 25 | $6.5B | $399.1M | ||
| Q1 25 | $6.4B | $361.3M | ||
| Q4 24 | $6.4B | $355.6M | ||
| Q3 24 | $6.5B | $221.7M | ||
| Q2 24 | $6.4B | $204.6M | ||
| Q1 24 | $6.2B | $200.1M |
总资产NOVSEI
| Q4 25 | $11.3B | $2.1B | ||
| Q3 25 | $11.3B | $1.6B | ||
| Q2 25 | $11.4B | $1.5B | ||
| Q1 25 | $11.3B | $1.1B | ||
| Q4 24 | $11.4B | $1.1B | ||
| Q3 24 | $11.4B | $939.5M | ||
| Q2 24 | $11.3B | $457.8M | ||
| Q1 24 | $11.3B | $457.1M |
负债/权益比NOVSEI
| Q4 25 | 0.27× | 0.33× | ||
| Q3 25 | 0.27× | 0.70× | ||
| Q2 25 | 0.27× | 0.97× | ||
| Q1 25 | 0.27× | 0.88× | ||
| Q4 24 | 0.27× | 0.89× | ||
| Q3 24 | 0.27× | 1.42× | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.29× | — |
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 | $573.0M | $95.9M |
| 自由现金流经营现金流 - 资本支出 | $472.0M | $-158.6M |
| 自由现金流率自由现金流/营收 | 20.7% | -88.2% |
| 资本支出强度资本支出/营收 | 4.4% | 141.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $876.0M | $-437.7M |
8季度趋势，按日历期对齐
经营现金流NOVSEI
| Q4 25 | $573.0M | $95.9M | ||
| Q3 25 | $352.0M | $63.3M | ||
| Q2 25 | $191.0M | $24.2M | ||
| Q1 25 | $135.0M | $25.7M | ||
| Q4 24 | $591.0M | $13.1M | ||
| Q3 24 | $359.0M | $10.5M | ||
| Q2 24 | $432.0M | $18.9M | ||
| Q1 24 | $-78.0M | $16.9M |
自由现金流NOVSEI
| Q4 25 | $472.0M | $-158.6M | ||
| Q3 25 | $245.0M | $462.0K | ||
| Q2 25 | $108.0M | $-160.9M | ||
| Q1 25 | $51.0M | $-118.6M | ||
| Q4 24 | $473.0M | $-113.6M | ||
| Q3 24 | $277.0M | $-47.2M | ||
| Q2 24 | $350.0M | $18.2M | ||
| Q1 24 | $-147.0M | $13.5M |
自由现金流率NOVSEI
| Q4 25 | 20.7% | -88.2% | ||
| Q3 25 | 11.3% | 0.3% | ||
| Q2 25 | 4.9% | -107.8% | ||
| Q1 25 | 2.4% | -93.9% | ||
| Q4 24 | 20.5% | -117.9% | ||
| Q3 24 | 12.6% | -63.0% | ||
| Q2 24 | 15.8% | 24.7% | ||
| Q1 24 | -6.8% | 19.9% |
资本支出强度NOVSEI
| Q4 25 | 4.4% | 141.6% | ||
| Q3 25 | 4.9% | 37.6% | ||
| Q2 25 | 3.8% | 124.0% | ||
| Q1 25 | 4.0% | 114.2% | ||
| Q4 24 | 5.1% | 131.5% | ||
| Q3 24 | 3.7% | 77.0% | ||
| Q2 24 | 3.7% | 0.9% | ||
| Q1 24 | 3.2% | 4.9% |
现金转化率NOVSEI
| Q4 25 | — | — | ||
| Q3 25 | 8.38× | 4.35× | ||
| Q2 25 | 1.77× | 2.02× | ||
| Q1 25 | 1.85× | 4.83× | ||
| Q4 24 | 3.69× | 2.10× | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 1.91× | 3.04× | ||
| Q1 24 | -0.66× | 3.91× |
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
| Land And Offshore | $718.0M | 32% |
| Continental | $536.0M | 24% |
| Aftermarket | $483.0M | 21% |
| Capital Equipment | $319.0M | 14% |
| Product Sales | $168.0M | 7% |
| Intersegment Revenue | $33.0M | 1% |
SEI
| Solaris Power Solutions | $103.7M | 58% |
| Solaris Logistics Solutions | $76.1M | 42% |
