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Select Water Solutions, Inc.（WTTR）与EXPRO GROUP HOLDINGS N.V.（XPRO）财务数据对比。点击上方公司名可切换其他公司
EXPRO GROUP HOLDINGS N.V.的季度营收约是Select Water Solutions, Inc.的1.1倍（$382.1M vs $346.5M）。EXPRO GROUP HOLDINGS N.V.净利率更高（1.5% vs -0.1%，领先1.6%）。Select Water Solutions, Inc.同比增速更快（-0.7% vs -12.5%）。EXPRO GROUP HOLDINGS N.V.自由现金流更多（$23.2M vs $-6.0M）。过去两年EXPRO GROUP HOLDINGS N.V.的营收复合增速更高（-0.2% vs -2.8%）
Select Water Solutions是一家专注于油气领域的水务及环保解决方案供应商，主要服务北美陆上油气开采市场，核心业务涵盖水资源获取、处理、回收、处置及化学品解决方案，可帮助客户降低运营成本、减少环境影响。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
WTTR vs XPRO — 直观对比
营收规模更大
XPRO
是对方的1.1倍
$346.5M
营收增速更快
WTTR
高出11.8%
-12.5%
净利率更高
XPRO
高出1.6%
-0.1%
自由现金流更多
XPRO
多$29.2M
$-6.0M
两年增速更快
XPRO
近两年复合增速
-2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $346.5M | $382.1M |
| 净利润 | $-346.0K | $5.8M |
| 毛利率 | 13.1% | — |
| 营业利润率 | -0.1% | 3.1% |
| 净利率 | -0.1% | 1.5% |
| 营收同比 | -0.7% | -12.5% |
| 净利润同比 | 78.9% | -74.9% |
| 每股收益（稀释后） | — | $0.05 |
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WTTRXPRO
| Q4 25 | $346.5M | $382.1M | ||
| Q3 25 | $322.2M | $411.4M | ||
| Q2 25 | $364.2M | $422.7M | ||
| Q1 25 | $374.4M | $390.9M | ||
| Q4 24 | $349.0M | $436.8M | ||
| Q3 24 | $371.3M | $422.8M | ||
| Q2 24 | $365.1M | $469.6M | ||
| Q1 24 | $366.5M | $383.5M |
净利润WTTRXPRO
| Q4 25 | $-346.0K | $5.8M | ||
| Q3 25 | $2.7M | $14.0M | ||
| Q2 25 | $10.6M | $18.0M | ||
| Q1 25 | $8.2M | $13.9M | ||
| Q4 24 | $-1.6M | $23.0M | ||
| Q3 24 | $15.8M | $16.3M | ||
| Q2 24 | $12.9M | $15.3M | ||
| Q1 24 | $3.6M | $-2.7M |
毛利率WTTRXPRO
| Q4 25 | 13.1% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 16.5% | — | ||
| Q1 24 | 14.4% | — |
营业利润率WTTRXPRO
| Q4 25 | -0.1% | 3.1% | ||
| Q3 25 | -0.5% | 6.4% | ||
| Q2 25 | 4.2% | 7.7% | ||
| Q1 25 | 4.2% | 2.6% | ||
| Q4 24 | 0.7% | 7.3% | ||
| Q3 24 | 6.6% | 6.2% | ||
| Q2 24 | 5.6% | 5.9% | ||
| Q1 24 | 1.9% | 2.2% |
净利率WTTRXPRO
| Q4 25 | -0.1% | 1.5% | ||
| Q3 25 | 0.8% | 3.4% | ||
| Q2 25 | 2.9% | 4.3% | ||
| Q1 25 | 2.2% | 3.6% | ||
| Q4 24 | -0.5% | 5.3% | ||
| Q3 24 | 4.3% | 3.8% | ||
| Q2 24 | 3.5% | 3.3% | ||
| Q1 24 | 1.0% | -0.7% |
每股收益（稀释后）WTTRXPRO
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.13 | ||
| Q1 24 | — | $-0.02 |
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 | $18.1M | $196.1M |
| 总债务越低越好 | $320.0M | $79.1M |
| 股东权益账面价值 | $805.6M | $1.5B |
| 总资产 | $1.6B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资WTTRXPRO
| Q4 25 | $18.1M | $196.1M | ||
| Q3 25 | $17.8M | $197.9M | ||
| Q2 25 | $51.2M | $206.8M | ||
| Q1 25 | $27.9M | $179.3M | ||
| Q4 24 | $20.0M | $183.0M | ||
| Q3 24 | $10.9M | $165.7M | ||
| Q2 24 | $16.4M | $133.5M | ||
| Q1 24 | $12.8M | $163.2M |
总债务WTTRXPRO
| Q4 25 | $320.0M | $79.1M | ||
| Q3 25 | $305.0M | $99.1M | ||
| Q2 25 | $275.0M | $121.1M | ||
| Q1 25 | $250.0M | $121.1M | ||
| Q4 24 | $85.0M | $121.1M | ||
| Q3 24 | $80.0M | $121.1M | ||
| Q2 24 | $90.0M | $121.1M | ||
| Q1 24 | $75.0M | $40.0M |
股东权益WTTRXPRO
| Q4 25 | $805.6M | $1.5B | ||
| Q3 25 | $808.1M | $1.5B | ||
| Q2 25 | $799.3M | $1.5B | ||
| Q1 25 | $793.1M | $1.5B | ||
| Q4 24 | $793.5M | $1.5B | ||
| Q3 24 | $796.5M | $1.5B | ||
| Q2 24 | $782.0M | $1.5B | ||
| Q1 24 | $770.0M | $1.3B |
总资产WTTRXPRO
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.3B | $2.3B | ||
| Q1 24 | $1.3B | $2.0B |
负债/权益比WTTRXPRO
| Q4 25 | 0.40× | 0.05× | ||
| Q3 25 | 0.38× | 0.07× | ||
| Q2 25 | 0.34× | 0.08× | ||
| Q1 25 | 0.32× | 0.08× | ||
| Q4 24 | 0.11× | 0.08× | ||
| Q3 24 | 0.10× | 0.08× | ||
| Q2 24 | 0.12× | 0.08× | ||
| Q1 24 | 0.10× | 0.03× |
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 | $65.5M | $57.1M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $23.2M |
| 自由现金流率自由现金流/营收 | -1.7% | 6.1% |
| 资本支出强度资本支出/营收 | 20.6% | 8.9% |
| 现金转化率经营现金流/净利润 | — | 9.89× |
| 过去12个月自由现金流最近4个季度 | $-79.9M | $97.8M |
8季度趋势，按日历期对齐
经营现金流WTTRXPRO
| Q4 25 | $65.5M | $57.1M | ||
| Q3 25 | $71.7M | $63.2M | ||
| Q2 25 | $82.6M | $48.4M | ||
| Q1 25 | $-5.1M | $41.5M | ||
| Q4 24 | $67.8M | $97.4M | ||
| Q3 24 | $51.9M | $55.3M | ||
| Q2 24 | $83.1M | $-13.2M | ||
| Q1 24 | $32.1M | $29.9M |
自由现金流WTTRXPRO
| Q4 25 | $-6.0M | $23.2M | ||
| Q3 25 | $-23.5M | $39.0M | ||
| Q2 25 | $3.2M | $27.2M | ||
| Q1 25 | $-53.5M | $8.4M | ||
| Q4 24 | $12.7M | $53.0M | ||
| Q3 24 | $16.7M | $23.3M | ||
| Q2 24 | $34.0M | $-49.5M | ||
| Q1 24 | $-1.6M | $-801.0K |
自由现金流率WTTRXPRO
| Q4 25 | -1.7% | 6.1% | ||
| Q3 25 | -7.3% | 9.5% | ||
| Q2 25 | 0.9% | 6.4% | ||
| Q1 25 | -14.3% | 2.1% | ||
| Q4 24 | 3.6% | 12.1% | ||
| Q3 24 | 4.5% | 5.5% | ||
| Q2 24 | 9.3% | -10.5% | ||
| Q1 24 | -0.4% | -0.2% |
资本支出强度WTTRXPRO
| Q4 25 | 20.6% | 8.9% | ||
| Q3 25 | 29.6% | 5.9% | ||
| Q2 25 | 21.8% | 5.0% | ||
| Q1 25 | 12.9% | 8.5% | ||
| Q4 24 | 15.8% | 10.2% | ||
| Q3 24 | 9.5% | 7.6% | ||
| Q2 24 | 13.5% | 7.7% | ||
| Q1 24 | 9.2% | 8.0% |
现金转化率WTTRXPRO
| Q4 25 | — | 9.89× | ||
| Q3 25 | 26.72× | 4.52× | ||
| Q2 25 | 7.76× | 2.69× | ||
| Q1 25 | -0.61× | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | 3.29× | 3.40× | ||
| Q2 24 | 6.46× | -0.86× | ||
| Q1 24 | 8.86× | — |
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
WTTR
| Water Services | $178.3M | 51% |
| Marcellus Utica | $38.6M | 11% |
| Rockies | $38.3M | 11% |
| Eagle Ford | $28.2M | 8% |
| Midcon | $23.0M | 7% |
| Haynesville E.Texas | $19.1M | 6% |
| Bakken | $17.3M | 5% |
| Eliminations And Other Geographical Regions | $3.6M | 1% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
