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ProPetro Holding Corp.（PUMP）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.6倍（$289.7M vs $179.7M），Rocket Lab Corp同比增速更快（35.7% vs -9.6%），ProPetro Holding Corp.自由现金流更多（$16.8M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
PUMP vs RKLB — 直观对比
营收规模更大
PUMP
是对方的1.6倍
$179.7M
营收增速更快
RKLB
高出45.3%
-9.6%
自由现金流更多
PUMP
多$131.0M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $289.7M | $179.7M |
| 净利润 | — | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 2.1% | -28.4% |
| 净利率 | — | -29.5% |
| 营收同比 | -9.6% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.01 | $-0.09 |
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PUMPRKLB
| Q4 25 | $289.7M | $179.7M | ||
| Q3 25 | $293.9M | $155.1M | ||
| Q2 25 | $326.2M | $144.5M | ||
| Q1 25 | $359.4M | $122.6M | ||
| Q4 24 | $320.6M | $132.4M | ||
| Q3 24 | $360.9M | $104.8M | ||
| Q2 24 | $357.0M | $106.3M | ||
| Q1 24 | $405.8M | $92.8M |
净利润PUMPRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $-2.4M | $-18.3M | ||
| Q2 25 | $-7.2M | $-66.4M | ||
| Q1 25 | $9.6M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $-137.1M | $-51.9M | ||
| Q2 24 | $-3.7M | $-41.6M | ||
| Q1 24 | $19.9M | $-44.3M |
毛利率PUMPRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 26.1% |
营业利润率PUMPRKLB
| Q4 25 | 2.1% | -28.4% | ||
| Q3 25 | -2.1% | -38.0% | ||
| Q2 25 | -1.0% | -41.3% | ||
| Q1 25 | 2.6% | -48.3% | ||
| Q4 24 | -5.8% | -38.9% | ||
| Q3 24 | -49.4% | -49.5% | ||
| Q2 24 | -0.1% | -40.7% | ||
| Q1 24 | 7.5% | -46.4% |
净利率PUMPRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | -0.8% | -11.8% | ||
| Q2 25 | -2.2% | -46.0% | ||
| Q1 25 | 2.7% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | -38.0% | -49.6% | ||
| Q2 24 | -1.0% | -39.2% | ||
| Q1 24 | 4.9% | -47.7% |
每股收益（稀释后）PUMPRKLB
| Q4 25 | $0.01 | $-0.09 | ||
| Q3 25 | $-0.02 | $-0.03 | ||
| Q2 25 | $-0.07 | $-0.13 | ||
| Q1 25 | $0.09 | $-0.12 | ||
| Q4 24 | $-0.14 | $-0.11 | ||
| Q3 24 | $-1.32 | $-0.10 | ||
| Q2 24 | $-0.03 | $-0.08 | ||
| Q1 24 | $0.18 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $829.8M | $1.7B |
| 总资产 | $1.3B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PUMPRKLB
| Q4 25 | $91.3M | $1.0B | ||
| Q3 25 | $76.7M | $976.7M | ||
| Q2 25 | $83.0M | $688.1M | ||
| Q1 25 | $71.4M | $428.4M | ||
| Q4 24 | $58.3M | $419.0M | ||
| Q3 24 | $54.0M | $442.4M | ||
| Q2 24 | $74.7M | $496.8M | ||
| Q1 24 | $53.6M | $492.5M |
总债务PUMPRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
股东权益PUMPRKLB
| Q4 25 | $829.8M | $1.7B | ||
| Q3 25 | $826.2M | $1.3B | ||
| Q2 25 | $824.0M | $688.5M | ||
| Q1 25 | $826.5M | $431.3M | ||
| Q4 24 | $816.3M | $382.5M | ||
| Q3 24 | $833.0M | $419.8M | ||
| Q2 24 | $975.8M | $455.2M | ||
| Q1 24 | $998.2M | $478.9M |
总资产PUMPRKLB
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比PUMPRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $16.8M | $-114.2M |
| 自由现金流率自由现金流/营收 | 5.8% | -63.6% |
| 资本支出强度资本支出/营收 | 22.2% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流PUMPRKLB
| Q4 25 | $81.0M | $-64.5M | ||
| Q3 25 | $41.7M | $-23.5M | ||
| Q2 25 | $54.2M | $-23.2M | ||
| Q1 25 | $54.7M | $-54.2M | ||
| Q4 24 | $37.9M | $-2.4M | ||
| Q3 24 | $34.7M | $-30.9M | ||
| Q2 24 | $104.9M | $-13.0M | ||
| Q1 24 | $74.8M | $-2.6M |
自由现金流PUMPRKLB
| Q4 25 | $16.8M | $-114.2M | ||
| Q3 25 | $-2.4M | $-69.4M | ||
| Q2 25 | $17.1M | $-55.3M | ||
| Q1 25 | $13.8M | $-82.9M | ||
| Q4 24 | $10.0M | $-23.9M | ||
| Q3 24 | $-6.0M | $-41.9M | ||
| Q2 24 | $67.7M | $-28.3M | ||
| Q1 24 | $40.2M | $-21.8M |
自由现金流率PUMPRKLB
| Q4 25 | 5.8% | -63.6% | ||
| Q3 25 | -0.8% | -44.8% | ||
| Q2 25 | 5.2% | -38.3% | ||
| Q1 25 | 3.8% | -67.6% | ||
| Q4 24 | 3.1% | -18.1% | ||
| Q3 24 | -1.7% | -40.0% | ||
| Q2 24 | 19.0% | -26.7% | ||
| Q1 24 | 9.9% | -23.5% |
资本支出强度PUMPRKLB
| Q4 25 | 22.2% | 27.6% | ||
| Q3 25 | 15.0% | 29.6% | ||
| Q2 25 | 11.4% | 22.2% | ||
| Q1 25 | 11.4% | 23.4% | ||
| Q4 24 | 8.7% | 16.3% | ||
| Q3 24 | 11.3% | 10.5% | ||
| Q2 24 | 10.4% | 14.4% | ||
| Q1 24 | 8.5% | 20.7% |
现金转化率PUMPRKLB
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
