vs
Oneok（OKE）与斯伦贝谢（SLB）财务数据对比。点击上方公司名可切换其他公司
Oneok的季度营收约是斯伦贝谢的1.0倍（$9.1B vs $8.7B），Oneok净利率更高（10.8% vs 8.6%，领先2.2%），Oneok同比增速更快（29.5% vs 2.7%），Oneok自由现金流更多（$576.0M vs $103.0M），过去两年Oneok的营收复合增速更高（37.7% vs -2.3%）
ONEOK是美国油气中游领域运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及储存服务，位列财富500强及标普500指数成分股。公司前身为1906年成立的俄克拉荷马天然气公司，1980年正式更名为ONEOK。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
OKE vs SLB — 直观对比
营收规模更大
OKE
是对方的1.0倍
$8.7B
营收增速更快
OKE
高出26.8%
2.7%
净利率更高
OKE
高出2.2%
8.6%
自由现金流更多
OKE
多$473.0M
$103.0M
两年增速更快
OKE
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.1B | $8.7B |
| 净利润 | $977.0M | $752.0M |
| 毛利率 | 29.4% | — |
| 营业利润率 | 16.9% | — |
| 净利率 | 10.8% | 8.6% |
| 营收同比 | 29.5% | 2.7% |
| 净利润同比 | 5.9% | -5.6% |
| 每股收益（稀释后） | $1.55 | $0.50 |
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OKESLB
| Q1 26 | — | $8.7B | ||
| Q4 25 | $9.1B | $9.7B | ||
| Q3 25 | $8.6B | $8.9B | ||
| Q2 25 | $7.9B | $8.5B | ||
| Q1 25 | $8.0B | $8.5B | ||
| Q4 24 | $7.0B | $9.3B | ||
| Q3 24 | $5.0B | $9.2B | ||
| Q2 24 | $4.9B | $9.1B |
净利润OKESLB
| Q1 26 | — | $752.0M | ||
| Q4 25 | $977.0M | $824.0M | ||
| Q3 25 | $939.0M | $739.0M | ||
| Q2 25 | $841.0M | $1.0B | ||
| Q1 25 | $636.0M | $797.0M | ||
| Q4 24 | $923.0M | $1.1B | ||
| Q3 24 | $693.0M | $1.2B | ||
| Q2 24 | $780.0M | $1.1B |
毛利率OKESLB
| Q1 26 | — | — | ||
| Q4 25 | 29.4% | — | ||
| Q3 25 | 30.9% | — | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 29.7% | — | ||
| Q4 24 | 35.8% | — | ||
| Q3 24 | 39.7% | — | ||
| Q2 24 | 40.9% | — |
营业利润率OKESLB
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | 9.7% | ||
| Q3 25 | 18.0% | 11.2% | ||
| Q2 25 | 18.1% | 15.0% | ||
| Q1 25 | 15.2% | 12.5% | ||
| Q4 24 | 22.4% | 14.9% | ||
| Q3 24 | 22.5% | 16.5% | ||
| Q2 24 | 25.1% | 15.5% |
净利率OKESLB
| Q1 26 | — | 8.6% | ||
| Q4 25 | 10.8% | 8.5% | ||
| Q3 25 | 10.9% | 8.3% | ||
| Q2 25 | 10.7% | 11.9% | ||
| Q1 25 | 7.9% | 9.4% | ||
| Q4 24 | 13.2% | 11.8% | ||
| Q3 24 | 13.8% | 12.9% | ||
| Q2 24 | 15.9% | 12.2% |
每股收益（稀释后）OKESLB
| Q1 26 | — | $0.50 | ||
| Q4 25 | $1.55 | $0.53 | ||
| Q3 25 | $1.49 | $0.50 | ||
| Q2 25 | $1.34 | $0.74 | ||
| Q1 25 | $1.04 | $0.58 | ||
| Q4 24 | $1.57 | $0.77 | ||
| Q3 24 | $1.18 | $0.83 | ||
| Q2 24 | $1.33 | $0.77 |
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 | $78.0M | $3.4B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $22.5B | $27.4B |
| 总资产 | $66.6B | $19.3B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资OKESLB
| Q1 26 | — | $3.4B | ||
| Q4 25 | $78.0M | $1.2B | ||
| Q3 25 | $1.2B | $571.0M | ||
| Q2 25 | $97.0M | $511.0M | ||
| Q1 25 | $141.0M | $961.0M | ||
| Q4 24 | $733.0M | $1.1B | ||
| Q3 24 | $579.0M | $1.4B | ||
| Q2 24 | $36.0M | $1.1B |
总债务OKESLB
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | $33.7B | — | ||
| Q2 25 | $31.3B | — | ||
| Q1 25 | $31.8B | — | ||
| Q4 24 | $32.1B | — | ||
| Q3 24 | $28.1B | — | ||
| Q2 24 | $21.7B | — |
股东权益OKESLB
| Q1 26 | — | $27.4B | ||
| Q4 25 | $22.5B | $26.1B | ||
| Q3 25 | $22.1B | $25.6B | ||
| Q2 25 | $21.8B | $20.3B | ||
| Q1 25 | $21.4B | $19.5B | ||
| Q4 24 | $17.0B | $21.1B | ||
| Q3 24 | $16.9B | $21.5B | ||
| Q2 24 | $16.7B | $21.1B |
总资产OKESLB
| Q1 26 | — | $19.3B | ||
| Q4 25 | $66.6B | $54.9B | ||
| Q3 25 | $66.6B | $55.1B | ||
| Q2 25 | $64.5B | $48.8B | ||
| Q1 25 | $64.3B | $49.0B | ||
| Q4 24 | $64.1B | $48.9B | ||
| Q3 24 | $51.0B | $49.8B | ||
| Q2 24 | $44.5B | $49.4B |
负债/权益比OKESLB
| Q1 26 | — | 0.35× | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.43× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 1.30× | — |
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 | $1.5B | — |
| 自由现金流经营现金流 - 资本支出 | $576.0M | $103.0M |
| 自由现金流率自由现金流/营收 | 6.4% | 1.2% |
| 资本支出强度资本支出/营收 | 10.7% | — |
| 现金转化率经营现金流/净利润 | 1.58× | — |
| 过去12个月自由现金流最近4个季度 | $2.4B | $4.6B |
8季度趋势，按日历期对齐
经营现金流OKESLB
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $3.0B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $904.0M | $660.0M | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.4B | $1.4B |
自由现金流OKESLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $576.0M | $2.5B | ||
| Q3 25 | $820.0M | $1.3B | ||
| Q2 25 | $776.0M | $771.0M | ||
| Q1 25 | $275.0M | $262.0M | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $783.0M | $2.0B | ||
| Q2 24 | $951.0M | $973.0M |
自由现金流率OKESLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 6.4% | 25.5% | ||
| Q3 25 | 9.5% | 14.3% | ||
| Q2 25 | 9.8% | 9.0% | ||
| Q1 25 | 3.4% | 3.1% | ||
| Q4 24 | 15.0% | 19.2% | ||
| Q3 24 | 15.6% | 21.7% | ||
| Q2 24 | 19.4% | 10.6% |
资本支出强度OKESLB
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 5.3% | ||
| Q3 25 | 9.3% | 4.6% | ||
| Q2 25 | 9.5% | 4.3% | ||
| Q1 25 | 7.8% | 4.7% | ||
| Q4 24 | 8.0% | 6.6% | ||
| Q3 24 | 9.3% | 5.0% | ||
| Q2 24 | 9.8% | 5.1% |
现金转化率OKESLB
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 3.65× | ||
| Q3 25 | 1.73× | 2.28× | ||
| Q2 25 | 1.81× | 1.13× | ||
| Q1 25 | 1.42× | 0.83× | ||
| Q4 24 | 1.75× | 2.18× | ||
| Q3 24 | 1.81× | 2.06× | ||
| Q2 24 | 1.83× | 1.29× |
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
OKE
| Natural Gas Liquids | $4.0B | 44% |
| Natural Gas Gathering And Processing | $1.8B | 20% |
| Services | $1.2B | 14% |
| Liquids Commodity | $979.0M | 11% |
| Wholly Owned Interstate Natural Gas Pipelines | $527.0M | 6% |
| Exchange Services And Natural Gas Gathering And Processing Revenue | $365.0M | 4% |
| Transportationand Storage Revenue | $108.0M | 1% |
| Other | $12.0M | 0% |
SLB
暂无分部数据
