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ProPetro Holding Corp.（PUMP）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
ProPetro Holding Corp.的季度营收约是Ultragenyx Pharmaceutical Inc.的1.4倍（$289.7M vs $207.3M），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs -9.6%），ProPetro Holding Corp.自由现金流更多（$16.8M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs -15.5%）
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
PUMP vs RARE — 直观对比
营收规模更大
PUMP
是对方的1.4倍
$207.3M
营收增速更快
RARE
高出35.5%
-9.6%
自由现金流更多
PUMP
多$117.6M
$-100.8M
两年增速更快
RARE
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $289.7M | $207.3M |
| 净利润 | — | $-128.6M |
| 毛利率 | — | — |
| 营业利润率 | 2.1% | -54.7% |
| 净利率 | — | -62.0% |
| 营收同比 | -9.6% | 25.9% |
| 净利润同比 | — | 3.5% |
| 每股收益（稀释后） | $0.01 | $-1.28 |
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PUMPRARE
| Q4 25 | $289.7M | $207.3M | ||
| Q3 25 | $293.9M | $159.9M | ||
| Q2 25 | $326.2M | $166.5M | ||
| Q1 25 | $359.4M | $139.3M | ||
| Q4 24 | $320.6M | $164.6M | ||
| Q3 24 | $360.9M | $139.5M | ||
| Q2 24 | $357.0M | $147.0M | ||
| Q1 24 | $405.8M | $108.8M |
净利润PUMPRARE
| Q4 25 | — | $-128.6M | ||
| Q3 25 | $-2.4M | $-180.4M | ||
| Q2 25 | $-7.2M | $-115.0M | ||
| Q1 25 | $9.6M | $-151.1M | ||
| Q4 24 | — | $-133.2M | ||
| Q3 24 | $-137.1M | $-133.5M | ||
| Q2 24 | $-3.7M | $-131.6M | ||
| Q1 24 | $19.9M | $-170.7M |
营业利润率PUMPRARE
| Q4 25 | 2.1% | -54.7% | ||
| Q3 25 | -2.1% | -106.9% | ||
| Q2 25 | -1.0% | -64.8% | ||
| Q1 25 | 2.6% | -102.6% | ||
| Q4 24 | -5.8% | -74.3% | ||
| Q3 24 | -49.4% | -94.6% | ||
| Q2 24 | -0.1% | -79.1% | ||
| Q1 24 | 7.5% | -151.9% |
净利率PUMPRARE
| Q4 25 | — | -62.0% | ||
| Q3 25 | -0.8% | -112.8% | ||
| Q2 25 | -2.2% | -69.0% | ||
| Q1 25 | 2.7% | -108.5% | ||
| Q4 24 | — | -80.9% | ||
| Q3 24 | -38.0% | -95.7% | ||
| Q2 24 | -1.0% | -89.5% | ||
| Q1 24 | 4.9% | -156.8% |
每股收益（稀释后）PUMPRARE
| Q4 25 | $0.01 | $-1.28 | ||
| Q3 25 | $-0.02 | $-1.81 | ||
| Q2 25 | $-0.07 | $-1.17 | ||
| Q1 25 | $0.09 | $-1.57 | ||
| Q4 24 | $-0.14 | $-1.34 | ||
| Q3 24 | $-1.32 | $-1.40 | ||
| Q2 24 | $-0.03 | $-1.52 | ||
| Q1 24 | $0.18 | $-2.03 |
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 | $91.3M | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $829.8M | $-80.0M |
| 总资产 | $1.3B | $1.5B |
| 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PUMPRARE
| Q4 25 | $91.3M | $421.0M | ||
| Q3 25 | $76.7M | $202.5M | ||
| Q2 25 | $83.0M | $176.3M | ||
| Q1 25 | $71.4M | $127.1M | ||
| Q4 24 | $58.3M | $174.0M | ||
| Q3 24 | $54.0M | $150.6M | ||
| Q2 24 | $74.7M | $480.7M | ||
| Q1 24 | $53.6M | $112.3M |
股东权益PUMPRARE
| Q4 25 | $829.8M | $-80.0M | ||
| Q3 25 | $826.2M | $9.2M | ||
| Q2 25 | $824.0M | $151.3M | ||
| Q1 25 | $826.5M | $144.2M | ||
| Q4 24 | $816.3M | $255.0M | ||
| Q3 24 | $833.0M | $346.8M | ||
| Q2 24 | $975.8M | $432.4M | ||
| Q1 24 | $998.2M | $140.3M |
总资产PUMPRARE
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.2B | $1.3B |
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 | $81.0M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $16.8M | $-100.8M |
| 自由现金流率自由现金流/营收 | 5.8% | -48.6% |
| 资本支出强度资本支出/营收 | 22.2% | 0.5% |
| 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 | $45.3M | $-472.0M |
8季度趋势，按日历期对齐
经营现金流PUMPRARE
| Q4 25 | $81.0M | $-99.8M | ||
| Q3 25 | $41.7M | $-91.4M | ||
| Q2 25 | $54.2M | $-108.3M | ||
| Q1 25 | $54.7M | $-166.5M | ||
| Q4 24 | $37.9M | $-79.3M | ||
| Q3 24 | $34.7M | $-67.0M | ||
| Q2 24 | $104.9M | $-77.0M | ||
| Q1 24 | $74.8M | $-190.7M |
自由现金流PUMPRARE
| Q4 25 | $16.8M | $-100.8M | ||
| Q3 25 | $-2.4M | $-92.7M | ||
| Q2 25 | $17.1M | $-110.7M | ||
| Q1 25 | $13.8M | $-167.8M | ||
| Q4 24 | $10.0M | $-79.5M | ||
| Q3 24 | $-6.0M | $-68.6M | ||
| Q2 24 | $67.7M | $-79.0M | ||
| Q1 24 | $40.2M | $-193.9M |
自由现金流率PUMPRARE
| Q4 25 | 5.8% | -48.6% | ||
| Q3 25 | -0.8% | -58.0% | ||
| Q2 25 | 5.2% | -66.5% | ||
| Q1 25 | 3.8% | -120.5% | ||
| Q4 24 | 3.1% | -48.3% | ||
| Q3 24 | -1.7% | -49.2% | ||
| Q2 24 | 19.0% | -53.7% | ||
| Q1 24 | 9.9% | -178.2% |
资本支出强度PUMPRARE
| Q4 25 | 22.2% | 0.5% | ||
| Q3 25 | 15.0% | 0.8% | ||
| Q2 25 | 11.4% | 1.5% | ||
| Q1 25 | 11.4% | 1.0% | ||
| Q4 24 | 8.7% | 0.1% | ||
| Q3 24 | 11.3% | 1.2% | ||
| Q2 24 | 10.4% | 1.4% | ||
| Q1 24 | 8.5% | 3.0% |
现金转化率PUMPRARE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.75× | — |
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
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
