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国民油井华高（NOV）与Snap Inc（SNAP）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Snap Inc的1.2倍（$2.1B vs $1.7B），Snap Inc净利率更高（2.6% vs 1.0%，领先1.7%），Snap Inc同比增速更快（10.2% vs -9.9%），Snap Inc自由现金流更多（$205.6M vs $51.0M），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
NOV vs SNAP — 直观对比
营收规模更大
NOV
是对方的1.2倍
$1.7B
营收增速更快
SNAP
高出20.1%
-9.9%
净利率更高
SNAP
高出1.7%
1.0%
自由现金流更多
SNAP
多$154.6M
$51.0M
两年增速更快
SNAP
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.7B |
| 净利润 | $20.0M | $45.2M |
| 毛利率 | 18.5% | 59.1% |
| 营业利润率 | 2.3% | 2.9% |
| 净利率 | 1.0% | 2.6% |
| 营收同比 | -9.9% | 10.2% |
| 净利润同比 | -73.0% | 396.7% |
| 每股收益（稀释后） | $0.05 | $0.03 |
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NOVSNAP
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.2B |
净利润NOVSNAP
| Q1 26 | $20.0M | — | ||
| Q4 25 | $-78.0M | $45.2M | ||
| Q3 25 | $42.0M | $-103.5M | ||
| Q2 25 | $108.0M | $-262.6M | ||
| Q1 25 | $73.0M | $-139.6M | ||
| Q4 24 | $160.0M | $9.1M | ||
| Q3 24 | $130.0M | $-153.2M | ||
| Q2 24 | $226.0M | $-248.6M |
毛利率NOVSNAP
| Q1 26 | 18.5% | — | ||
| Q4 25 | 20.3% | 59.1% | ||
| Q3 25 | 18.9% | 55.3% | ||
| Q2 25 | 20.4% | 51.4% | ||
| Q1 25 | 21.3% | 53.1% | ||
| Q4 24 | 21.4% | 56.9% | ||
| Q3 24 | 21.4% | 53.5% | ||
| Q2 24 | 26.6% | 52.4% |
营业利润率NOVSNAP
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.0% | 2.9% | ||
| Q3 25 | 4.9% | -8.5% | ||
| Q2 25 | 6.5% | -19.3% | ||
| Q1 25 | 7.2% | -14.2% | ||
| Q4 24 | 9.0% | -1.7% | ||
| Q3 24 | 8.9% | -12.6% | ||
| Q2 24 | 14.1% | -20.5% |
净利率NOVSNAP
| Q1 26 | 1.0% | — | ||
| Q4 25 | -3.4% | 2.6% | ||
| Q3 25 | 1.9% | -6.9% | ||
| Q2 25 | 4.9% | -19.5% | ||
| Q1 25 | 3.5% | -10.2% | ||
| Q4 24 | 6.9% | 0.6% | ||
| Q3 24 | 5.9% | -11.2% | ||
| Q2 24 | 10.2% | -20.1% |
每股收益（稀释后）NOVSNAP
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-0.20 | $0.03 | ||
| Q3 25 | $0.11 | $-0.06 | ||
| Q2 25 | $0.29 | $-0.16 | ||
| Q1 25 | $0.19 | $-0.08 | ||
| Q4 24 | $0.40 | $0.01 | ||
| Q3 24 | $0.33 | $-0.09 | ||
| Q2 24 | $0.57 | $-0.15 |
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 | $2.9B |
| 总债务越低越好 | $1.7B | $3.5B |
| 股东权益账面价值 | — | $2.3B |
| 总资产 | $11.1B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资NOVSNAP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.6B | $2.9B | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | $985.0M | $3.2B | ||
| Q2 24 | $827.0M | $3.1B |
总债务NOVSNAP
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $3.5B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.7B | $3.6B | ||
| Q4 24 | $1.7B | $3.6B | ||
| Q3 24 | $1.7B | $3.6B | ||
| Q2 24 | $1.7B | $3.6B |
股东权益NOVSNAP
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $2.3B | ||
| Q3 25 | $6.5B | $2.2B | ||
| Q2 25 | $6.5B | $2.1B | ||
| Q1 25 | $6.4B | $2.3B | ||
| Q4 24 | $6.4B | $2.5B | ||
| Q3 24 | $6.5B | $2.2B | ||
| Q2 24 | $6.4B | $2.1B |
总资产NOVSNAP
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.3B | $7.7B | ||
| Q3 25 | $11.3B | $7.6B | ||
| Q2 25 | $11.4B | $7.4B | ||
| Q1 25 | $11.3B | $7.6B | ||
| Q4 24 | $11.4B | $7.9B | ||
| Q3 24 | $11.4B | $7.6B | ||
| Q2 24 | $11.3B | $7.4B |
负债/权益比NOVSNAP
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 1.55× | ||
| Q3 25 | 0.27× | 1.59× | ||
| Q2 25 | 0.27× | 1.73× | ||
| Q1 25 | 0.27× | 1.56× | ||
| Q4 24 | 0.27× | 1.49× | ||
| Q3 24 | 0.27× | 1.65× | ||
| Q2 24 | 0.27× | 1.76× |
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 | — | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $205.6M |
| 自由现金流率自由现金流/营收 | 2.5% | 12.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | $876.0M | $437.2M |
8季度趋势，按日历期对齐
经营现金流NOVSNAP
| Q1 26 | — | — | ||
| Q4 25 | $573.0M | $269.6M | ||
| Q3 25 | $352.0M | $146.5M | ||
| Q2 25 | $191.0M | $88.5M | ||
| Q1 25 | $135.0M | $151.6M | ||
| Q4 24 | $591.0M | $230.6M | ||
| Q3 24 | $359.0M | $115.9M | ||
| Q2 24 | $432.0M | $-21.4M |
自由现金流NOVSNAP
| Q1 26 | $51.0M | — | ||
| Q4 25 | $472.0M | $205.6M | ||
| Q3 25 | $245.0M | $93.4M | ||
| Q2 25 | $108.0M | $23.8M | ||
| Q1 25 | $51.0M | $114.4M | ||
| Q4 24 | $473.0M | $182.4M | ||
| Q3 24 | $277.0M | $71.8M | ||
| Q2 24 | $350.0M | $-73.4M |
自由现金流率NOVSNAP
| Q1 26 | 2.5% | — | ||
| Q4 25 | 20.7% | 12.0% | ||
| Q3 25 | 11.3% | 6.2% | ||
| Q2 25 | 4.9% | 1.8% | ||
| Q1 25 | 2.4% | 8.4% | ||
| Q4 24 | 20.5% | 11.7% | ||
| Q3 24 | 12.6% | 5.2% | ||
| Q2 24 | 15.8% | -5.9% |
资本支出强度NOVSNAP
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 3.7% | ||
| Q3 25 | 4.9% | 3.5% | ||
| Q2 25 | 3.8% | 4.8% | ||
| Q1 25 | 4.0% | 2.7% | ||
| Q4 24 | 5.1% | 3.1% | ||
| Q3 24 | 3.7% | 3.2% | ||
| Q2 24 | 3.7% | 4.2% |
现金转化率NOVSNAP
| Q1 26 | — | — | ||
| Q4 25 | — | 5.96× | ||
| Q3 25 | 8.38× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 3.69× | 25.34× | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 1.91× | — |
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
| Energy Equipment | $1.2B | 58% |
| Energy Products and Services | $897.0M | 44% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
