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国民油井华高（NOV）与威德福国际（WFRD）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威德福国际的2.0倍（$2.3B vs $1.2B）。威德福国际净利率更高（9.5% vs -3.4%，领先12.9%）。国民油井华高同比增速更快（-1.3% vs -8.3%）。国民油井华高自由现金流更多（$472.0M vs $85.0M）。过去两年国民油井华高的营收复合增速更高（2.8% vs -9.5%）
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。
威德福国际是一家美国跨国油田服务企业，总部位于美国，业务覆盖全球75个国家的油气产区，为油气井的钻探、评估、完井、生产及修井作业提供专业技术设备与相关服务，在全球油田服务领域拥有广泛布局。
NOV vs WFRD — 直观对比
营收规模更大
NOV
是对方的2.0倍
$1.2B
营收增速更快
NOV
高出6.9%
-8.3%
净利率更高
WFRD
高出12.9%
-3.4%
自由现金流更多
NOV
多$387.0M
$85.0M
两年增速更快
NOV
近两年复合增速
-9.5%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.2B |
| 净利润 | $-78.0M | $109.0M |
| 毛利率 | 20.3% | — |
| 营业利润率 | 4.0% | 10.7% |
| 净利率 | -3.4% | 9.5% |
| 营收同比 | -1.3% | -8.3% |
| 净利润同比 | -148.8% | -21.6% |
| 每股收益（稀释后） | $-0.20 | $1.49 |
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NOVWFRD
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.4B |
净利润NOVWFRD
| Q1 26 | — | $109.0M | ||
| Q4 25 | $-78.0M | $138.0M | ||
| Q3 25 | $42.0M | $81.0M | ||
| Q2 25 | $108.0M | $136.0M | ||
| Q1 25 | $73.0M | $76.0M | ||
| Q4 24 | $160.0M | $112.0M | ||
| Q3 24 | $130.0M | $157.0M | ||
| Q2 24 | $226.0M | $125.0M |
毛利率NOVWFRD
| Q1 26 | — | — | ||
| 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NOVWFRD
| Q1 26 | — | 10.7% | ||
| Q4 25 | 4.0% | 15.4% | ||
| Q3 25 | 4.9% | 14.4% | ||
| Q2 25 | 6.5% | 19.7% | ||
| Q1 25 | 7.2% | 11.9% | ||
| Q4 24 | 9.0% | 14.8% | ||
| Q3 24 | 8.9% | 17.2% | ||
| Q2 24 | 14.1% | 18.8% |
净利率NOVWFRD
| Q1 26 | — | 9.5% | ||
| Q4 25 | -3.4% | 10.7% | ||
| Q3 25 | 1.9% | 6.6% | ||
| Q2 25 | 4.9% | 11.3% | ||
| Q1 25 | 3.5% | 6.4% | ||
| Q4 24 | 6.9% | 8.4% | ||
| Q3 24 | 5.9% | 11.1% | ||
| Q2 24 | 10.2% | 8.9% |
每股收益（稀释后）NOVWFRD
| Q1 26 | — | $1.49 | ||
| Q4 25 | $-0.20 | $1.91 | ||
| Q3 25 | $0.11 | $1.12 | ||
| Q2 25 | $0.29 | $1.87 | ||
| Q1 25 | $0.19 | $1.03 | ||
| Q4 24 | $0.40 | $1.53 | ||
| Q3 24 | $0.33 | $2.06 | ||
| Q2 24 | $0.57 | $1.66 |
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 | $1.0B |
| 总债务越低越好 | $1.7B | $1.5B |
| 股东权益账面价值 | $6.3B | $1.8B |
| 总资产 | $11.3B | — |
| 负债/权益比越低杠杆越低 | 0.27× | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资NOVWFRD
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.6B | $987.0M | ||
| Q3 25 | $1.2B | $967.0M | ||
| Q2 25 | $1.1B | $943.0M | ||
| Q1 25 | $1.2B | $873.0M | ||
| Q4 24 | $1.2B | $916.0M | ||
| Q3 24 | $985.0M | $920.0M | ||
| Q2 24 | $827.0M | $862.0M |
总债务NOVWFRD
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B |
股东权益NOVWFRD
| Q1 26 | — | $1.8B | ||
| Q4 25 | $6.3B | $1.7B | ||
| Q3 25 | $6.5B | $1.6B | ||
| Q2 25 | $6.5B | $1.5B | ||
| Q1 25 | $6.4B | $1.4B | ||
| Q4 24 | $6.4B | $1.3B | ||
| Q3 24 | $6.5B | $1.3B | ||
| Q2 24 | $6.4B | $1.2B |
总资产NOVWFRD
| Q1 26 | — | — | ||
| Q4 25 | $11.3B | $5.2B | ||
| Q3 25 | $11.3B | $5.3B | ||
| Q2 25 | $11.4B | $5.1B | ||
| Q1 25 | $11.3B | $5.1B | ||
| Q4 24 | $11.4B | $5.2B | ||
| Q3 24 | $11.4B | $5.2B | ||
| Q2 24 | $11.3B | $5.1B |
负债/权益比NOVWFRD
| Q1 26 | — | 0.84× | ||
| Q4 25 | 0.27× | 0.86× | ||
| Q3 25 | 0.27× | 0.94× | ||
| Q2 25 | 0.27× | 1.04× | ||
| Q1 25 | 0.27× | 1.17× | ||
| Q4 24 | 0.27× | 1.26× | ||
| Q3 24 | 0.27× | 1.21× | ||
| Q2 24 | 0.27× | 1.33× |
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 | $136.0M |
| 自由现金流经营现金流 - 资本支出 | $472.0M | $85.0M |
| 自由现金流率自由现金流/营收 | 20.7% | 7.4% |
| 资本支出强度资本支出/营收 | 4.4% | 4.7% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | $876.0M | $470.0M |
8季度趋势，按日历期对齐
经营现金流NOVWFRD
| Q1 26 | — | $136.0M | ||
| Q4 25 | $573.0M | $268.0M | ||
| Q3 25 | $352.0M | $138.0M | ||
| Q2 25 | $191.0M | $128.0M | ||
| Q1 25 | $135.0M | $142.0M | ||
| Q4 24 | $591.0M | $249.0M | ||
| Q3 24 | $359.0M | $262.0M | ||
| Q2 24 | $432.0M | $150.0M |
自由现金流NOVWFRD
| Q1 26 | — | $85.0M | ||
| Q4 25 | $472.0M | $217.0M | ||
| Q3 25 | $245.0M | $94.0M | ||
| Q2 25 | $108.0M | $74.0M | ||
| Q1 25 | $51.0M | $65.0M | ||
| Q4 24 | $473.0M | $149.0M | ||
| Q3 24 | $277.0M | $184.0M | ||
| Q2 24 | $350.0M | $88.0M |
自由现金流率NOVWFRD
| Q1 26 | — | 7.4% | ||
| Q4 25 | 20.7% | 16.8% | ||
| Q3 25 | 11.3% | 7.6% | ||
| Q2 25 | 4.9% | 6.1% | ||
| Q1 25 | 2.4% | 5.4% | ||
| Q4 24 | 20.5% | 11.1% | ||
| Q3 24 | 12.6% | 13.1% | ||
| Q2 24 | 15.8% | 6.3% |
资本支出强度NOVWFRD
| Q1 26 | — | 4.7% | ||
| Q4 25 | 4.4% | 4.0% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | 3.8% | 4.5% | ||
| Q1 25 | 4.0% | 6.5% | ||
| Q4 24 | 5.1% | 7.5% | ||
| Q3 24 | 3.7% | 5.5% | ||
| Q2 24 | 3.7% | 4.4% |
现金转化率NOVWFRD
| Q1 26 | — | 1.25× | ||
| Q4 25 | — | 1.94× | ||
| Q3 25 | 8.38× | 1.70× | ||
| Q2 25 | 1.77× | 0.94× | ||
| Q1 25 | 1.85× | 1.87× | ||
| Q4 24 | 3.69× | 2.22× | ||
| Q3 24 | 2.76× | 1.67× | ||
| Q2 24 | 1.91× | 1.20× |
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% |
WFRD
| International | $932.0M | 81% |
| North America | $220.0M | 19% |
