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Arcosa, Inc.（ACA）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是Arcosa, Inc.的1.5倍（$1.0B vs $716.7M），Arcosa, Inc.净利率更高（7.3% vs 2.4%，领先4.9%），越洋钻探同比增速更快（9.6% vs 7.6%），越洋钻探自由现金流更多（$321.0M vs $55.8M），过去两年越洋钻探的营收复合增速更高（16.9% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
ACA vs RIG — 直观对比
营收规模更大
RIG
是对方的1.5倍
$716.7M
营收增速更快
RIG
高出2.0%
7.6%
净利率更高
ACA
高出4.9%
2.4%
自由现金流更多
RIG
多$265.2M
$55.8M
两年增速更快
RIG
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $1.0B |
| 净利润 | $52.1M | $25.0M |
| 毛利率 | 22.9% | 42.0% |
| 营业利润率 | 11.0% | 23.0% |
| 净利率 | 7.3% | 2.4% |
| 营收同比 | 7.6% | 9.6% |
| 净利润同比 | 776.6% | 257.1% |
| 每股收益（稀释后） | $1.06 | $0.13 |
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ACARIG
| Q4 25 | $716.7M | $1.0B | ||
| Q3 25 | $797.8M | $1.0B | ||
| Q2 25 | $736.9M | $988.0M | ||
| Q1 25 | $632.0M | $906.0M | ||
| Q4 24 | $666.2M | $952.0M | ||
| Q3 24 | $640.4M | $948.0M | ||
| Q2 24 | $664.7M | $861.0M | ||
| Q1 24 | $598.6M | $763.0M |
净利润ACARIG
| Q4 25 | $52.1M | $25.0M | ||
| Q3 25 | $73.0M | $-1.9B | ||
| Q2 25 | $59.7M | $-938.0M | ||
| Q1 25 | $23.6M | $-79.0M | ||
| Q4 24 | $-7.7M | $7.0M | ||
| Q3 24 | $16.6M | $-494.0M | ||
| Q2 24 | $45.6M | $-123.0M | ||
| Q1 24 | $39.2M | $98.0M |
毛利率ACARIG
| Q4 25 | 22.9% | 42.0% | ||
| Q3 25 | 24.1% | 43.2% | ||
| Q2 25 | 22.5% | 39.4% | ||
| Q1 25 | 19.8% | 31.8% | ||
| Q4 24 | 19.3% | 39.2% | ||
| Q3 24 | 21.3% | 40.6% | ||
| Q2 24 | 20.8% | 38.0% | ||
| Q1 24 | 18.6% | 31.5% |
营业利润率ACARIG
| Q4 25 | 11.0% | 23.0% | ||
| Q3 25 | 14.1% | -163.1% | ||
| Q2 25 | 12.9% | -97.6% | ||
| Q1 25 | 8.8% | 7.1% | ||
| Q4 24 | 6.5% | 13.7% | ||
| Q3 24 | 5.3% | -51.2% | ||
| Q2 24 | 10.1% | -6.9% | ||
| Q1 24 | 8.9% | -0.4% |
净利率ACARIG
| Q4 25 | 7.3% | 2.4% | ||
| Q3 25 | 9.2% | -187.1% | ||
| Q2 25 | 8.1% | -94.9% | ||
| Q1 25 | 3.7% | -8.7% | ||
| Q4 24 | -1.2% | 0.7% | ||
| Q3 24 | 2.6% | -52.1% | ||
| Q2 24 | 6.9% | -14.3% | ||
| Q1 24 | 6.5% | 12.8% |
每股收益（稀释后）ACARIG
| Q4 25 | $1.06 | $0.13 | ||
| Q3 25 | $1.48 | $-2.00 | ||
| Q2 25 | $1.22 | $-1.06 | ||
| Q1 25 | $0.48 | $-0.11 | ||
| Q4 24 | $-0.16 | $-0.14 | ||
| Q3 24 | $0.34 | $-0.58 | ||
| Q2 24 | $0.93 | $-0.15 | ||
| Q1 24 | $0.80 | $0.11 |
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 | $214.6M | $620.0M |
| 总债务越低越好 | $1.5B | $5.2B |
| 股东权益账面价值 | $2.6B | $8.1B |
| 总资产 | $5.0B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ACARIG
| Q4 25 | $214.6M | $620.0M | ||
| Q3 25 | $220.0M | $833.0M | ||
| Q2 25 | $189.7M | $377.0M | ||
| Q1 25 | $167.9M | $263.0M | ||
| Q4 24 | $187.3M | $560.0M | ||
| Q3 24 | $756.8M | $435.0M | ||
| Q2 24 | $103.7M | $475.0M | ||
| Q1 24 | $176.5M | $446.0M |
总债务ACARIG
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.6B | $4.8B | ||
| Q2 25 | $1.7B | $5.9B | ||
| Q1 25 | $1.7B | $5.9B | ||
| Q4 24 | $1.7B | $6.2B | ||
| Q3 24 | $1.2B | $6.5B | ||
| Q2 24 | $699.9M | $6.8B | ||
| Q1 24 | $600.6M | $6.8B |
股东权益ACARIG
| Q4 25 | $2.6B | $8.1B | ||
| Q3 25 | $2.6B | $8.1B | ||
| Q2 25 | $2.5B | $9.4B | ||
| Q1 25 | $2.5B | $10.2B | ||
| Q4 24 | $2.4B | $10.3B | ||
| Q3 24 | $2.4B | $10.2B | ||
| Q2 24 | $2.4B | $10.7B | ||
| Q1 24 | $2.4B | $10.5B |
总资产ACARIG
| Q4 25 | $5.0B | $15.6B | ||
| Q3 25 | $5.1B | $16.2B | ||
| Q2 25 | $5.0B | $17.8B | ||
| Q1 25 | $4.9B | $19.0B | ||
| Q4 24 | $4.9B | $19.4B | ||
| Q3 24 | $4.4B | $19.5B | ||
| Q2 24 | $3.8B | $20.3B | ||
| Q1 24 | $3.7B | $19.9B |
负债/权益比ACARIG
| Q4 25 | 0.57× | 0.64× | ||
| Q3 25 | 0.61× | 0.60× | ||
| Q2 25 | 0.67× | 0.63× | ||
| Q1 25 | 0.68× | 0.58× | ||
| Q4 24 | 0.69× | 0.60× | ||
| Q3 24 | 0.51× | 0.64× | ||
| Q2 24 | 0.29× | 0.63× | ||
| Q1 24 | 0.25× | 0.65× |
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 | $120.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $321.0M |
| 自由现金流率自由现金流/营收 | 7.8% | 30.8% |
| 资本支出强度资本支出/营收 | 9.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.30× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $626.0M |
8季度趋势，按日历期对齐
经营现金流ACARIG
| Q4 25 | $120.0M | $349.0M | ||
| Q3 25 | $160.6M | $246.0M | ||
| Q2 25 | $61.2M | $128.0M | ||
| Q1 25 | $-700.0K | $26.0M | ||
| Q4 24 | $248.2M | $206.0M | ||
| Q3 24 | $135.0M | $194.0M | ||
| Q2 24 | $38.3M | $133.0M | ||
| Q1 24 | $80.5M | $-86.0M |
自由现金流ACARIG
| Q4 25 | $55.8M | $321.0M | ||
| Q3 25 | $121.0M | $235.0M | ||
| Q2 25 | $33.4M | $104.0M | ||
| Q1 25 | $-34.7M | $-34.0M | ||
| Q4 24 | $194.9M | $177.0M | ||
| Q3 24 | $100.6M | $136.0M | ||
| Q2 24 | $-9.3M | $49.0M | ||
| Q1 24 | $26.1M | $-169.0M |
自由现金流率ACARIG
| Q4 25 | 7.8% | 30.8% | ||
| Q3 25 | 15.2% | 22.9% | ||
| Q2 25 | 4.5% | 10.5% | ||
| Q1 25 | -5.5% | -3.8% | ||
| Q4 24 | 29.3% | 18.6% | ||
| Q3 24 | 15.7% | 14.3% | ||
| Q2 24 | -1.4% | 5.7% | ||
| Q1 24 | 4.4% | -22.1% |
资本支出强度ACARIG
| Q4 25 | 9.0% | 2.7% | ||
| Q3 25 | 5.0% | 1.1% | ||
| Q2 25 | 3.8% | 2.4% | ||
| Q1 25 | 5.4% | 6.6% | ||
| Q4 24 | 8.0% | 3.0% | ||
| Q3 24 | 5.4% | 6.1% | ||
| Q2 24 | 7.2% | 9.8% | ||
| Q1 24 | 9.1% | 10.9% |
现金转化率ACARIG
| Q4 25 | 2.30× | 13.96× | ||
| Q3 25 | 2.20× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 8.13× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 2.05× | -0.88× |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
