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国民油井华高（NOV）与施乐（XRX）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施乐的1.0倍（$2.1B vs $2.0B），施乐同比增速更快（25.7% vs -9.9%），施乐自由现金流更多（$192.0M vs $51.0M），过去两年施乐的营收复合增速更高（16.2% 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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
NOV vs XRX — 直观对比
营收规模更大
NOV
是对方的1.0倍
$2.0B
营收增速更快
XRX
高出35.6%
-9.9%
自由现金流更多
XRX
多$141.0M
$51.0M
两年增速更快
XRX
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.0B |
| 净利润 | $20.0M | — |
| 毛利率 | 18.5% | — |
| 营业利润率 | 2.3% | — |
| 净利率 | 1.0% | — |
| 营收同比 | -9.9% | 25.7% |
| 净利润同比 | -73.0% | — |
| 每股收益（稀释后） | $0.05 | $-0.62 |
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NOVXRX
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.6B |
净利润NOVXRX
| Q1 26 | $20.0M | — | ||
| Q4 25 | $-78.0M | — | ||
| Q3 25 | $42.0M | $-760.0M | ||
| Q2 25 | $108.0M | $-106.0M | ||
| Q1 25 | $73.0M | $-90.0M | ||
| Q4 24 | $160.0M | — | ||
| Q3 24 | $130.0M | $-1.2B | ||
| Q2 24 | $226.0M | $18.0M |
毛利率NOVXRX
| 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NOVXRX
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 14.1% | — |
净利率NOVXRX
| Q1 26 | 1.0% | — | ||
| Q4 25 | -3.4% | — | ||
| Q3 25 | 1.9% | -38.8% | ||
| Q2 25 | 4.9% | -6.7% | ||
| Q1 25 | 3.5% | -6.2% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 5.9% | -78.9% | ||
| Q2 24 | 10.2% | 1.1% |
每股收益（稀释后）NOVXRX
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-0.20 | $-0.62 | ||
| Q3 25 | $0.11 | $-6.01 | ||
| Q2 25 | $0.29 | $-0.87 | ||
| Q1 25 | $0.19 | $-0.75 | ||
| Q4 24 | $0.40 | $-0.21 | ||
| Q3 24 | $0.33 | $-9.71 | ||
| Q2 24 | $0.57 | $0.11 |
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 | $512.0M |
| 总债务越低越好 | $1.7B | $4.0B |
| 股东权益账面价值 | — | $444.0M |
| 总资产 | $11.1B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资NOVXRX
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.6B | $512.0M | ||
| Q3 25 | $1.2B | $479.0M | ||
| Q2 25 | $1.1B | $449.0M | ||
| Q1 25 | $1.2B | $336.0M | ||
| Q4 24 | $1.2B | $576.0M | ||
| Q3 24 | $985.0M | $521.0M | ||
| Q2 24 | $827.0M | $485.0M |
总债务NOVXRX
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $4.0B | ||
| Q3 25 | $1.7B | $4.1B | ||
| Q2 25 | $1.7B | $3.5B | ||
| Q1 25 | $1.7B | $2.7B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.7B | $2.8B | ||
| Q2 24 | $1.7B | $3.2B |
股东权益NOVXRX
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $444.0M | ||
| Q3 25 | $6.5B | $365.0M | ||
| Q2 25 | $6.5B | $1.1B | ||
| Q1 25 | $6.4B | $1.1B | ||
| Q4 24 | $6.4B | $1.1B | ||
| Q3 24 | $6.5B | $1.3B | ||
| Q2 24 | $6.4B | $2.4B |
总资产NOVXRX
| Q1 26 | $11.1B | — | ||
| Q4 25 | $11.3B | $9.8B | ||
| Q3 25 | $11.3B | $10.1B | ||
| Q2 25 | $11.4B | $8.9B | ||
| Q1 25 | $11.3B | $8.2B | ||
| Q4 24 | $11.4B | $8.4B | ||
| Q3 24 | $11.4B | $8.3B | ||
| Q2 24 | $11.3B | $9.5B |
负债/权益比NOVXRX
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 9.05× | ||
| Q3 25 | 0.27× | 11.10× | ||
| Q2 25 | 0.27× | 3.11× | ||
| Q1 25 | 0.27× | 2.56× | ||
| Q4 24 | 0.27× | 2.62× | ||
| Q3 24 | 0.27× | 2.11× | ||
| Q2 24 | 0.27× | 1.34× |
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 | — | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $51.0M | $192.0M |
| 自由现金流率自由现金流/营收 | 2.5% | 9.5% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 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 | $187.0M |
8季度趋势，按日历期对齐
经营现金流NOVXRX
| Q1 26 | — | — | ||
| Q4 25 | $573.0M | $208.0M | ||
| Q3 25 | $352.0M | $116.0M | ||
| Q2 25 | $191.0M | $-11.0M | ||
| Q1 25 | $135.0M | $-89.0M | ||
| Q4 24 | $591.0M | $351.0M | ||
| Q3 24 | $359.0M | $116.0M | ||
| Q2 24 | $432.0M | $123.0M |
自由现金流NOVXRX
| Q1 26 | $51.0M | — | ||
| Q4 25 | $472.0M | $192.0M | ||
| Q3 25 | $245.0M | $104.0M | ||
| Q2 25 | $108.0M | $-15.0M | ||
| Q1 25 | $51.0M | $-94.0M | ||
| Q4 24 | $473.0M | $346.0M | ||
| Q3 24 | $277.0M | $108.0M | ||
| Q2 24 | $350.0M | $117.0M |
自由现金流率NOVXRX
| Q1 26 | 2.5% | — | ||
| Q4 25 | 20.7% | 9.5% | ||
| Q3 25 | 11.3% | 5.3% | ||
| Q2 25 | 4.9% | -1.0% | ||
| Q1 25 | 2.4% | -6.5% | ||
| Q4 24 | 20.5% | 21.5% | ||
| Q3 24 | 12.6% | 7.1% | ||
| Q2 24 | 15.8% | 7.4% |
资本支出强度NOVXRX
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 0.8% | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 3.8% | 0.3% | ||
| Q1 25 | 4.0% | 0.3% | ||
| Q4 24 | 5.1% | 0.3% | ||
| Q3 24 | 3.7% | 0.5% | ||
| Q2 24 | 3.7% | 0.4% |
现金转化率NOVXRX
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.38× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 3.69× | — | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 1.91× | 6.83× |
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% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
