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ProPetro Holding Corp.（PUMP）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是ProPetro Holding Corp.的1.3倍（$362.7M vs $289.7M），ProPetro Holding Corp.自由现金流更多（$16.8M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
PUMP vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$289.7M
自由现金流更多
PUMP
多$209.9M
$-193.1M
两年增速更快
VNET
近两年复合增速
-15.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $289.7M | $362.7M |
| 净利润 | — | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 2.1% | 0.5% |
| 净利率 | — | -10.7% |
| 营收同比 | -9.6% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.01 | — |
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PUMPVNET
| Q4 25 | $289.7M | — | ||
| Q3 25 | $293.9M | $362.7M | ||
| Q2 25 | $326.2M | — | ||
| Q1 25 | $359.4M | $309.5M | ||
| Q4 24 | $320.6M | — | ||
| Q3 24 | $360.9M | $302.2M | ||
| Q2 24 | $357.0M | $274.4M | ||
| Q1 24 | $405.8M | $262.9M |
净利润PUMPVNET
| Q4 25 | — | — | ||
| Q3 25 | $-2.4M | $-38.7M | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $9.6M | $-2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-137.1M | $-2.1M | ||
| Q2 24 | $-3.7M | $-1.1M | ||
| Q1 24 | $19.9M | $-22.0M |
毛利率PUMPVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率PUMPVNET
| Q4 25 | 2.1% | — | ||
| Q3 25 | -2.1% | 0.5% | ||
| Q2 25 | -1.0% | — | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | -5.8% | — | ||
| Q3 24 | -49.4% | 24.5% | ||
| Q2 24 | -0.1% | 0.2% | ||
| Q1 24 | 7.5% | 0.2% |
净利率PUMPVNET
| Q4 25 | — | — | ||
| Q3 25 | -0.8% | -10.7% | ||
| Q2 25 | -2.2% | — | ||
| Q1 25 | 2.7% | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | -38.0% | -0.7% | ||
| Q2 24 | -1.0% | -0.4% | ||
| Q1 24 | 4.9% | -8.4% |
每股收益（稀释后）PUMPVNET
| Q4 25 | $0.01 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-0.14 | — | ||
| Q3 24 | $-1.32 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $0.18 | — |
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 | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $829.8M | $890.8M |
| 总资产 | $1.3B | $6.1B |
| 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PUMPVNET
| Q4 25 | $91.3M | — | ||
| Q3 25 | $76.7M | $492.1M | ||
| Q2 25 | $83.0M | — | ||
| Q1 25 | $71.4M | $544.3M | ||
| Q4 24 | $58.3M | — | ||
| Q3 24 | $54.0M | $219.5M | ||
| Q2 24 | $74.7M | $247.2M | ||
| Q1 24 | $53.6M | $246.9M |
总债务PUMPVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PUMPVNET
| Q4 25 | $829.8M | — | ||
| Q3 25 | $826.2M | $890.8M | ||
| Q2 25 | $824.0M | — | ||
| Q1 25 | $826.5M | $927.8M | ||
| Q4 24 | $816.3M | — | ||
| Q3 24 | $833.0M | $902.9M | ||
| Q2 24 | $975.8M | $900.6M | ||
| Q1 24 | $998.2M | $895.1M |
总资产PUMPVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | $5.4B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $1.5B | $4.0B | ||
| Q1 24 | $1.2B | $3.9B |
负债/权益比PUMPVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $16.8M | $-193.1M |
| 自由现金流率自由现金流/营收 | 5.8% | -53.2% |
| 资本支出强度资本支出/营收 | 22.2% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流PUMPVNET
| Q4 25 | $81.0M | — | ||
| Q3 25 | $41.7M | $113.8M | ||
| Q2 25 | $54.2M | — | ||
| Q1 25 | $54.7M | $27.0M | ||
| Q4 24 | $37.9M | — | ||
| Q3 24 | $34.7M | $108.3M | ||
| Q2 24 | $104.9M | $55.8M | ||
| Q1 24 | $74.8M | $37.1M |
自由现金流PUMPVNET
| Q4 25 | $16.8M | — | ||
| Q3 25 | $-2.4M | $-193.1M | ||
| Q2 25 | $17.1M | — | ||
| Q1 25 | $13.8M | $-220.0M | ||
| Q4 24 | $10.0M | — | ||
| Q3 24 | $-6.0M | $-95.0M | ||
| Q2 24 | $67.7M | $-81.6M | ||
| Q1 24 | $40.2M | $-102.2M |
自由现金流率PUMPVNET
| Q4 25 | 5.8% | — | ||
| Q3 25 | -0.8% | -53.2% | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | 3.8% | -71.1% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | -1.7% | -31.4% | ||
| Q2 24 | 19.0% | -29.8% | ||
| Q1 24 | 9.9% | -38.9% |
资本支出强度PUMPVNET
| Q4 25 | 22.2% | — | ||
| Q3 25 | 15.0% | 84.6% | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 11.4% | 79.8% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 11.3% | 67.3% | ||
| Q2 24 | 10.4% | 50.1% | ||
| Q1 24 | 8.5% | 53.0% |
现金转化率PUMPVNET
| 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% |
VNET
暂无分部数据
