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PLUG POWER INC（PLUG）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
PLUG POWER INC的季度营收约是Ranger Energy Services, Inc.的1.6倍（$225.2M vs $142.2M），Ranger Energy Services, Inc.净利率更高（2.3% vs -375.6%，领先377.9%），PLUG POWER INC同比增速更快（17.6% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% vs 1.9%）
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
PLUG vs RNGR — 直观对比
营收规模更大
PLUG
是对方的1.6倍
$142.2M
营收增速更快
PLUG
高出18.3%
-0.6%
净利率更高
RNGR
高出377.9%
-375.6%
自由现金流更多
RNGR
多$170.1M
$-153.0M
两年增速更快
PLUG
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $225.2M | $142.2M |
| 净利润 | $-846.0M | $3.2M |
| 毛利率 | 2.4% | — |
| 营业利润率 | -338.9% | 2.3% |
| 净利率 | -375.6% | 2.3% |
| 营收同比 | 17.6% | -0.6% |
| 净利润同比 | 36.7% | -44.8% |
| 每股收益（稀释后） | $-0.70 | $0.14 |
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PLUGRNGR
| Q4 25 | $225.2M | $142.2M | ||
| Q3 25 | $177.1M | $128.9M | ||
| Q2 25 | $174.0M | $140.6M | ||
| Q1 25 | $133.7M | $135.2M | ||
| Q4 24 | $191.5M | $143.1M | ||
| Q3 24 | $173.7M | $153.0M | ||
| Q2 24 | $143.3M | $138.1M | ||
| Q1 24 | $120.3M | $136.9M |
净利润PLUGRNGR
| Q4 25 | $-846.0M | $3.2M | ||
| Q3 25 | $-361.9M | $1.2M | ||
| Q2 25 | $-227.1M | $7.3M | ||
| Q1 25 | $-196.7M | $600.0K | ||
| Q4 24 | $-1.3B | $5.8M | ||
| Q3 24 | $-211.2M | $8.7M | ||
| Q2 24 | $-262.3M | $4.7M | ||
| Q1 24 | $-295.8M | $-800.0K |
毛利率PLUGRNGR
| Q4 25 | 2.4% | — | ||
| Q3 25 | -67.9% | — | ||
| Q2 25 | -30.7% | — | ||
| Q1 25 | -55.3% | — | ||
| Q4 24 | -122.5% | — | ||
| Q3 24 | -57.6% | — | ||
| Q2 24 | -91.6% | — | ||
| Q1 24 | -132.3% | — |
营业利润率PLUGRNGR
| Q4 25 | -338.9% | 2.3% | ||
| Q3 25 | -197.0% | 2.0% | ||
| Q2 25 | -101.7% | 6.1% | ||
| Q1 25 | -133.5% | 0.7% | ||
| Q4 24 | -678.7% | 6.2% | ||
| Q3 24 | -124.4% | 8.4% | ||
| Q2 24 | -170.7% | 5.3% | ||
| Q1 24 | -215.7% | -0.4% |
净利率PLUGRNGR
| Q4 25 | -375.6% | 2.3% | ||
| Q3 25 | -204.4% | 0.9% | ||
| Q2 25 | -130.5% | 5.2% | ||
| Q1 25 | -147.1% | 0.4% | ||
| Q4 24 | -697.5% | 4.1% | ||
| Q3 24 | -121.5% | 5.7% | ||
| Q2 24 | -183.0% | 3.4% | ||
| Q1 24 | -245.9% | -0.6% |
每股收益（稀释后）PLUGRNGR
| Q4 25 | $-0.70 | $0.14 | ||
| Q3 25 | $-0.31 | $0.05 | ||
| Q2 25 | $-0.20 | $0.32 | ||
| Q1 25 | $-0.21 | $0.03 | ||
| Q4 24 | $-1.61 | $0.24 | ||
| Q3 24 | $-0.25 | $0.39 | ||
| Q2 24 | $-0.36 | $0.21 | ||
| Q1 24 | $-0.46 | $-0.03 |
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 | $368.5M | $10.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $978.1M | $300.1M |
| 总资产 | $2.6B | $419.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PLUGRNGR
| Q4 25 | $368.5M | $10.3M | ||
| Q3 25 | $165.9M | $45.2M | ||
| Q2 25 | $140.7M | $48.9M | ||
| Q1 25 | $295.8M | $40.3M | ||
| Q4 24 | $205.7M | $40.9M | ||
| Q3 24 | $93.9M | $14.8M | ||
| Q2 24 | $62.4M | $8.7M | ||
| Q1 24 | $172.9M | $11.1M |
总债务PLUGRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $3.9M | $0 | ||
| Q2 24 | $3.7M | $0 | ||
| Q1 24 | $3.8M | $0 |
股东权益PLUGRNGR
| Q4 25 | $978.1M | $300.1M | ||
| Q3 25 | $1.4B | $270.0M | ||
| Q2 25 | $1.7B | $276.9M | ||
| Q1 25 | $1.9B | $272.6M | ||
| Q4 24 | $1.7B | $273.8M | ||
| Q3 24 | $3.0B | $267.6M | ||
| Q2 24 | $3.0B | $260.5M | ||
| Q1 24 | $2.9B | $261.7M |
总资产PLUGRNGR
| Q4 25 | $2.6B | $419.3M | ||
| Q3 25 | $3.1B | $372.8M | ||
| Q2 25 | $3.4B | $381.7M | ||
| Q1 25 | $3.6B | $376.5M | ||
| Q4 24 | $3.6B | $381.6M | ||
| Q3 24 | $4.7B | $373.9M | ||
| Q2 24 | $4.8B | $359.6M | ||
| Q1 24 | $4.8B | $355.5M |
负债/权益比PLUGRNGR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 0.00× | 0.00× | ||
| Q2 24 | 0.00× | 0.00× | ||
| Q1 24 | 0.00× | 0.00× |
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 | $-148.6M | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $17.1M |
| 自由现金流率自由现金流/营收 | -67.9% | 12.0% |
| 资本支出强度资本支出/营收 | 1.9% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $-647.0M | $42.9M |
8季度趋势，按日历期对齐
经营现金流PLUGRNGR
| Q4 25 | $-148.6M | $24.1M | ||
| Q3 25 | $-89.8M | $13.6M | ||
| Q2 25 | $-191.8M | $20.7M | ||
| Q1 25 | $-105.6M | $10.6M | ||
| Q4 24 | $-131.2M | $32.7M | ||
| Q3 24 | $-174.9M | $17.7M | ||
| Q2 24 | $-254.7M | $22.1M | ||
| Q1 24 | $-167.7M | $12.0M |
自由现金流PLUGRNGR
| Q4 25 | $-153.0M | $17.1M | ||
| Q3 25 | $-117.5M | $8.0M | ||
| Q2 25 | $-230.4M | $14.4M | ||
| Q1 25 | $-146.0M | $3.4M | ||
| Q4 24 | $-165.2M | $27.3M | ||
| Q3 24 | $-234.2M | $10.8M | ||
| Q2 24 | $-356.0M | $6.8M | ||
| Q1 24 | $-260.3M | $5.5M |
自由现金流率PLUGRNGR
| Q4 25 | -67.9% | 12.0% | ||
| Q3 25 | -66.4% | 6.2% | ||
| Q2 25 | -132.5% | 10.2% | ||
| Q1 25 | -109.2% | 2.5% | ||
| Q4 24 | -86.3% | 19.1% | ||
| Q3 24 | -134.8% | 7.1% | ||
| Q2 24 | -248.4% | 4.9% | ||
| Q1 24 | -216.5% | 4.0% |
资本支出强度PLUGRNGR
| Q4 25 | 1.9% | 4.9% | ||
| Q3 25 | 15.6% | 4.3% | ||
| Q2 25 | 22.2% | 4.5% | ||
| Q1 25 | 30.3% | 5.3% | ||
| Q4 24 | 17.7% | 3.8% | ||
| Q3 24 | 34.1% | 4.5% | ||
| Q2 24 | 70.7% | 11.1% | ||
| Q1 24 | 77.0% | 4.7% |
现金转化率PLUGRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 24 | — | — |
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
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
