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Solaris Energy Infrastructure, Inc.（SEI）与Cactus, Inc.（WHD）财务数据对比。点击上方公司名可切换其他公司
Cactus, Inc.的季度营收约是Solaris Energy Infrastructure, Inc.的1.5倍（$261.2M vs $179.7M）。Cactus, Inc.净利率更高（15.3% vs -0.9%，领先16.2%）。Solaris Energy Infrastructure, Inc.同比增速更快（86.6% vs -4.0%）。过去两年Solaris Energy Infrastructure, Inc.的营收复合增速更高（62.7% vs -2.4%）
AGL能源有限公司是澳大利亚上市企业，业务涵盖民用及商用电力、天然气的生产与零售，是国家电力市场三大零售商之一。作为澳大利亚最大的电力生产商，该公司同时也是该国最大的碳排放主体。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
SEI vs WHD — 直观对比
营收规模更大
WHD
是对方的1.5倍
$179.7M
营收增速更快
SEI
高出90.6%
-4.0%
净利率更高
WHD
高出16.2%
-0.9%
两年增速更快
SEI
近两年复合增速
-2.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $179.7M | $261.2M |
| 净利润 | $-1.7M | $39.8M |
| 毛利率 | — | 36.2% |
| 营业利润率 | 22.2% | 22.9% |
| 净利率 | -0.9% | 15.3% |
| 营收同比 | 86.6% | -4.0% |
| 净利润同比 | -126.5% | -14.7% |
| 每股收益（稀释后） | — | — |
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SEIWHD
| Q4 25 | $179.7M | $261.2M | ||
| Q3 25 | $166.8M | $264.0M | ||
| Q2 25 | $149.3M | $273.6M | ||
| Q1 25 | $126.3M | $280.3M | ||
| Q4 24 | $96.3M | $272.1M | ||
| Q3 24 | $75.0M | $293.2M | ||
| Q2 24 | $73.9M | $290.4M | ||
| Q1 24 | $67.9M | $274.1M |
净利润SEIWHD
| Q4 25 | $-1.7M | $39.8M | ||
| Q3 25 | $14.6M | $41.6M | ||
| Q2 25 | $12.0M | $40.3M | ||
| Q1 25 | $5.3M | $44.2M | ||
| Q4 24 | $6.3M | $46.7M | ||
| Q3 24 | $-968.0K | $49.9M | ||
| Q2 24 | $6.2M | $49.8M | ||
| Q1 24 | $4.3M | $39.0M |
毛利率SEIWHD
| Q4 25 | — | 36.2% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 38.4% |
营业利润率SEIWHD
| Q4 25 | 22.2% | 22.9% | ||
| Q3 25 | 22.7% | 23.2% | ||
| Q2 25 | 23.8% | 22.2% | ||
| Q1 25 | 17.5% | 24.5% | ||
| Q4 24 | 26.7% | 25.9% | ||
| Q3 24 | 7.0% | 26.2% | ||
| Q2 24 | 16.0% | 27.5% | ||
| Q1 24 | 14.7% | 22.8% |
净利率SEIWHD
| Q4 25 | -0.9% | 15.3% | ||
| Q3 25 | 8.7% | 15.8% | ||
| Q2 25 | 8.0% | 14.7% | ||
| Q1 25 | 4.2% | 15.8% | ||
| Q4 24 | 6.5% | 17.2% | ||
| Q3 24 | -1.3% | 17.0% | ||
| Q2 24 | 8.4% | 17.2% | ||
| Q1 24 | 6.4% | 14.2% |
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 | $353.3M | $123.6M |
| 总债务越低越好 | $184.0M | $0 |
| 股东权益账面价值 | $564.3M | $1.2B |
| 总资产 | $2.1B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资SEIWHD
| Q4 25 | $353.3M | $123.6M | ||
| Q3 25 | $106.7M | $445.6M | ||
| Q2 25 | $99.6M | $405.2M | ||
| Q1 25 | $16.7M | $347.7M | ||
| Q4 24 | $114.3M | $342.8M | ||
| Q3 24 | $18.6M | $303.4M | ||
| Q2 24 | $5.1M | $246.5M | ||
| Q1 24 | $3.4M | $194.3M |
总债务SEIWHD
| Q4 25 | $184.0M | $0 | ||
| Q3 25 | $382.8M | $0 | ||
| Q2 25 | $386.2M | $0 | ||
| Q1 25 | $316.2M | $0 | ||
| Q4 24 | $315.7M | $0 | ||
| Q3 24 | $315.3M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益SEIWHD
| Q4 25 | $564.3M | $1.2B | ||
| Q3 25 | $546.6M | $1.2B | ||
| Q2 25 | $399.1M | $1.1B | ||
| Q1 25 | $361.3M | $1.1B | ||
| Q4 24 | $355.6M | $1.1B | ||
| Q3 24 | $221.7M | $1.0B | ||
| Q2 24 | $204.6M | $954.7M | ||
| Q1 24 | $200.1M | $893.4M |
总资产SEIWHD
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $939.5M | $1.7B | ||
| Q2 24 | $457.8M | $1.6B | ||
| Q1 24 | $457.1M | $1.6B |
负债/权益比SEIWHD
| Q4 25 | 0.33× | 0.00× | ||
| Q3 25 | 0.70× | 0.00× | ||
| Q2 25 | 0.97× | 0.00× | ||
| Q1 25 | 0.88× | 0.00× | ||
| Q4 24 | 0.89× | 0.00× | ||
| Q3 24 | 1.42× | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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 | $95.9M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $-158.6M | — |
| 自由现金流率自由现金流/营收 | -88.2% | — |
| 资本支出强度资本支出/营收 | 141.6% | — |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-437.7M | — |
8季度趋势，按日历期对齐
经营现金流SEIWHD
| Q4 25 | $95.9M | $72.3M | ||
| Q3 25 | $63.3M | $61.8M | ||
| Q2 25 | $24.2M | $82.8M | ||
| Q1 25 | $25.7M | $41.5M | ||
| Q4 24 | $13.1M | $66.6M | ||
| Q3 24 | $10.5M | $85.3M | ||
| Q2 24 | $18.9M | $78.0M | ||
| Q1 24 | $16.9M | $86.3M |
自由现金流SEIWHD
| Q4 25 | $-158.6M | — | ||
| Q3 25 | $462.0K | — | ||
| Q2 25 | $-160.9M | — | ||
| Q1 25 | $-118.6M | — | ||
| Q4 24 | $-113.6M | — | ||
| Q3 24 | $-47.2M | — | ||
| Q2 24 | $18.2M | — | ||
| Q1 24 | $13.5M | — |
自由现金流率SEIWHD
| Q4 25 | -88.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | -107.8% | — | ||
| Q1 25 | -93.9% | — | ||
| Q4 24 | -117.9% | — | ||
| Q3 24 | -63.0% | — | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | 19.9% | — |
资本支出强度SEIWHD
| Q4 25 | 141.6% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 124.0% | — | ||
| Q1 25 | 114.2% | — | ||
| Q4 24 | 131.5% | — | ||
| Q3 24 | 77.0% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 4.9% | — |
现金转化率SEIWHD
| Q4 25 | — | 1.81× | ||
| Q3 25 | 4.35× | 1.48× | ||
| Q2 25 | 2.02× | 2.05× | ||
| Q1 25 | 4.83× | 0.94× | ||
| Q4 24 | 2.10× | 1.43× | ||
| Q3 24 | — | 1.71× | ||
| Q2 24 | 3.04× | 1.56× | ||
| Q1 24 | 3.91× | 2.21× |
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
SEI
| Solaris Power Solutions | $103.7M | 58% |
| Solaris Logistics Solutions | $76.1M | 42% |
WHD
| Products | $201.4M | 77% |
| Other | $40.8M | 16% |
| Rental Revenue | $19.0M | 7% |
