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奥尼兰姆制药（ALNY）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
奥尼兰姆制药的季度营收约是越洋钻探的1.1倍（$1.1B vs $1.0B），奥尼兰姆制药净利率更高（17.0% vs 2.4%，领先14.6%），奥尼兰姆制药同比增速更快（84.9% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $140.3M），过去两年奥尼兰姆制药的营收复合增速更高（49.0% vs 16.9%）
奥尼兰姆制药是美国生物制药企业，2002年成立，总部位于马萨诸塞州剑桥市，专注于研发及商业化针对基因明确疾病的RNA干扰（RNAi）疗法，2016年入选福布斯「100家最具创新力成长企业」榜单。
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。
ALNY vs RIG — 直观对比
营收规模更大
ALNY
是对方的1.1倍
$1.0B
营收增速更快
ALNY
高出75.4%
9.6%
净利率更高
ALNY
高出14.6%
2.4%
自由现金流更多
RIG
多$180.7M
$140.3M
两年增速更快
ALNY
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $186.4M | $25.0M |
| 毛利率 | 75.6% | 42.0% |
| 营业利润率 | 12.0% | 23.0% |
| 净利率 | 17.0% | 2.4% |
| 营收同比 | 84.9% | 9.6% |
| 净利润同比 | 322.6% | 257.1% |
| 每股收益（稀释后） | $1.44 | $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ALNYRIG
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $773.7M | $988.0M | ||
| Q1 25 | $594.2M | $906.0M | ||
| Q4 24 | $593.2M | $952.0M | ||
| Q3 24 | $500.9M | $948.0M | ||
| Q2 24 | $659.8M | $861.0M | ||
| Q1 24 | $494.3M | $763.0M |
净利润ALNYRIG
| Q4 25 | $186.4M | $25.0M | ||
| Q3 25 | $251.1M | $-1.9B | ||
| Q2 25 | $-66.3M | $-938.0M | ||
| Q1 25 | $-57.5M | $-79.0M | ||
| Q4 24 | $-83.8M | $7.0M | ||
| Q3 24 | $-111.6M | $-494.0M | ||
| Q2 24 | $-16.9M | $-123.0M | ||
| Q1 24 | $-65.9M | $98.0M |
毛利率ALNYRIG
| Q4 25 | 75.6% | 42.0% | ||
| Q3 25 | 84.2% | 43.2% | ||
| Q2 25 | 81.6% | 39.4% | ||
| Q1 25 | 88.2% | 31.8% | ||
| Q4 24 | 82.7% | 39.2% | ||
| Q3 24 | 83.6% | 40.6% | ||
| Q2 24 | 89.8% | 38.0% | ||
| Q1 24 | 89.0% | 31.5% |
营业利润率ALNYRIG
| Q4 25 | 12.0% | 23.0% | ||
| Q3 25 | 29.5% | -163.1% | ||
| Q2 25 | -2.1% | -97.6% | ||
| Q1 25 | 3.0% | 7.1% | ||
| Q4 24 | -17.7% | 13.7% | ||
| Q3 24 | -15.4% | -51.2% | ||
| Q2 24 | 7.4% | -6.9% | ||
| Q1 24 | -8.8% | -0.4% |
净利率ALNYRIG
| Q4 25 | 17.0% | 2.4% | ||
| Q3 25 | 20.1% | -187.1% | ||
| Q2 25 | -8.6% | -94.9% | ||
| Q1 25 | -9.7% | -8.7% | ||
| Q4 24 | -14.1% | 0.7% | ||
| Q3 24 | -22.3% | -52.1% | ||
| Q2 24 | -2.6% | -14.3% | ||
| Q1 24 | -13.3% | 12.8% |
每股收益（稀释后）ALNYRIG
| Q4 25 | $1.44 | $0.13 | ||
| Q3 25 | $1.84 | $-2.00 | ||
| Q2 25 | $-0.51 | $-1.06 | ||
| Q1 25 | $-0.44 | $-0.11 | ||
| Q4 24 | $-0.66 | $-0.14 | ||
| Q3 24 | $-0.87 | $-0.58 | ||
| Q2 24 | $-0.13 | $-0.15 | ||
| Q1 24 | $-0.52 | $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 | $1.7B | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $789.2M | $8.1B |
| 总资产 | $5.0B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ALNYRIG
| Q4 25 | $1.7B | $620.0M | ||
| Q3 25 | $1.5B | $833.0M | ||
| Q2 25 | $1.1B | $377.0M | ||
| Q1 25 | $1.0B | $263.0M | ||
| Q4 24 | $966.4M | $560.0M | ||
| Q3 24 | $1.1B | $435.0M | ||
| Q2 24 | $968.5M | $475.0M | ||
| Q1 24 | $681.9M | $446.0M |
总债务ALNYRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益ALNYRIG
| Q4 25 | $789.2M | $8.1B | ||
| Q3 25 | $233.9M | $8.1B | ||
| Q2 25 | $250.6M | $9.4B | ||
| Q1 25 | $115.4M | $10.2B | ||
| Q4 24 | $67.1M | $10.3B | ||
| Q3 24 | $32.4M | $10.2B | ||
| Q2 24 | $-3.1M | $10.7B | ||
| Q1 24 | $-219.3M | $10.5B |
总资产ALNYRIG
| Q4 25 | $5.0B | $15.6B | ||
| Q3 25 | $4.9B | $16.2B | ||
| Q2 25 | $4.6B | $17.8B | ||
| Q1 25 | $4.2B | $19.0B | ||
| Q4 24 | $4.2B | $19.4B | ||
| Q3 24 | $4.2B | $19.5B | ||
| Q2 24 | $4.0B | $20.3B | ||
| Q1 24 | $3.8B | $19.9B |
负债/权益比ALNYRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 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 | $163.6M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $140.3M | $321.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 30.8% |
| 资本支出强度资本支出/营收 | 2.1% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.88× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $465.4M | $626.0M |
8季度趋势，按日历期对齐
经营现金流ALNYRIG
| Q4 25 | $163.6M | $349.0M | ||
| Q3 25 | $325.1M | $246.0M | ||
| Q2 25 | $153.7M | $128.0M | ||
| Q1 25 | $-118.3M | $26.0M | ||
| Q4 24 | $-94.7M | $206.0M | ||
| Q3 24 | $43.7M | $194.0M | ||
| Q2 24 | $124.2M | $133.0M | ||
| Q1 24 | $-81.5M | $-86.0M |
自由现金流ALNYRIG
| Q4 25 | $140.3M | $321.0M | ||
| Q3 25 | $313.0M | $235.0M | ||
| Q2 25 | $139.4M | $104.0M | ||
| Q1 25 | $-127.3M | $-34.0M | ||
| Q4 24 | $-103.8M | $177.0M | ||
| Q3 24 | $39.5M | $136.0M | ||
| Q2 24 | $116.1M | $49.0M | ||
| Q1 24 | $-94.5M | $-169.0M |
自由现金流率ALNYRIG
| Q4 25 | 12.8% | 30.8% | ||
| Q3 25 | 25.1% | 22.9% | ||
| Q2 25 | 18.0% | 10.5% | ||
| Q1 25 | -21.4% | -3.8% | ||
| Q4 24 | -17.5% | 18.6% | ||
| Q3 24 | 7.9% | 14.3% | ||
| Q2 24 | 17.6% | 5.7% | ||
| Q1 24 | -19.1% | -22.1% |
资本支出强度ALNYRIG
| Q4 25 | 2.1% | 2.7% | ||
| Q3 25 | 1.0% | 1.1% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 1.5% | 6.6% | ||
| Q4 24 | 1.5% | 3.0% | ||
| Q3 24 | 0.8% | 6.1% | ||
| Q2 24 | 1.2% | 9.8% | ||
| Q1 24 | 2.6% | 10.9% |
现金转化率ALNYRIG
| Q4 25 | 0.88× | 13.96× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -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
ALNY
| TTR | $858.3M | 78% |
| Rare | $136.4M | 12% |
| GIVLAARI | $56.3M | 5% |
| Collaborative Arrangement | $40.9M | 4% |
| ONPATTRO | $12.0M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
