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A.O.史密斯（AOS）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A.O.史密斯的1.1倍（$1.0B vs $945.6M），A.O.史密斯净利率更高（12.5% vs 2.4%，领先10.1%），越洋钻探同比增速更快（9.6% vs -2.0%），越洋钻探自由现金流更多（$321.0M vs $118.9M），过去两年越洋钻探的营收复合增速更高（16.9% vs -3.9%）
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
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。
AOS vs RIG — 直观对比
营收规模更大
RIG
是对方的1.1倍
$945.6M
营收增速更快
RIG
高出11.6%
-2.0%
净利率更高
AOS
高出10.1%
2.4%
自由现金流更多
RIG
多$202.1M
$118.9M
两年增速更快
RIG
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $1.0B |
| 净利润 | $118.0M | $25.0M |
| 毛利率 | 38.7% | 42.0% |
| 营业利润率 | — | 23.0% |
| 净利率 | 12.5% | 2.4% |
| 营收同比 | -2.0% | 9.6% |
| 净利润同比 | -14.0% | 257.1% |
| 每股收益（稀释后） | $0.85 | $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AOSRIG
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $1.0B | ||
| Q3 25 | $942.5M | $1.0B | ||
| Q2 25 | $1.0B | $988.0M | ||
| Q1 25 | $963.9M | $906.0M | ||
| Q4 24 | $912.4M | $952.0M | ||
| Q3 24 | $902.6M | $948.0M | ||
| Q2 24 | $1.0B | $861.0M |
净利润AOSRIG
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $25.0M | ||
| Q3 25 | $132.0M | $-1.9B | ||
| Q2 25 | $152.2M | $-938.0M | ||
| Q1 25 | $136.6M | $-79.0M | ||
| Q4 24 | $109.7M | $7.0M | ||
| Q3 24 | $120.1M | $-494.0M | ||
| Q2 24 | $156.2M | $-123.0M |
毛利率AOSRIG
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 42.0% | ||
| Q3 25 | 38.7% | 43.2% | ||
| Q2 25 | 39.3% | 39.4% | ||
| Q1 25 | 38.9% | 31.8% | ||
| Q4 24 | 37.1% | 39.2% | ||
| Q3 24 | 37.4% | 40.6% | ||
| Q2 24 | 38.7% | 38.0% |
营业利润率AOSRIG
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 23.0% | ||
| Q3 25 | 18.6% | -163.1% | ||
| Q2 25 | 20.4% | -97.6% | ||
| Q1 25 | 19.1% | 7.1% | ||
| Q4 24 | 10.1% | 13.7% | ||
| Q3 24 | 19.5% | -51.2% | ||
| Q2 24 | 21.9% | -6.9% |
净利率AOSRIG
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 2.4% | ||
| Q3 25 | 14.0% | -187.1% | ||
| Q2 25 | 15.0% | -94.9% | ||
| Q1 25 | 14.2% | -8.7% | ||
| Q4 24 | 12.0% | 0.7% | ||
| Q3 24 | 13.3% | -52.1% | ||
| Q2 24 | 15.2% | -14.3% |
每股收益（稀释后）AOSRIG
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.13 | ||
| Q3 25 | $0.94 | $-2.00 | ||
| Q2 25 | $1.07 | $-1.06 | ||
| Q1 25 | $0.95 | $-0.11 | ||
| Q4 24 | $0.75 | $-0.14 | ||
| Q3 24 | $0.82 | $-0.58 | ||
| Q2 24 | $1.06 | $-0.15 |
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 | $185.2M | $620.0M |
| 总债务越低越好 | $574.2M | $5.2B |
| 股东权益账面价值 | $1.9B | $8.1B |
| 总资产 | $3.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资AOSRIG
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $620.0M | ||
| Q3 25 | $172.8M | $833.0M | ||
| Q2 25 | $177.9M | $377.0M | ||
| Q1 25 | $200.2M | $263.0M | ||
| Q4 24 | $276.1M | $560.0M | ||
| Q3 24 | $255.6M | $435.0M | ||
| Q2 24 | $233.3M | $475.0M |
总债务AOSRIG
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $193.2M | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B |
股东权益AOSRIG
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $8.1B | ||
| Q3 25 | $1.8B | $8.1B | ||
| Q2 25 | $1.8B | $9.4B | ||
| Q1 25 | $1.9B | $10.2B | ||
| Q4 24 | $1.9B | $10.3B | ||
| Q3 24 | $1.9B | $10.2B | ||
| Q2 24 | $1.9B | $10.7B |
总资产AOSRIG
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $15.6B | ||
| Q3 25 | $3.2B | $16.2B | ||
| Q2 25 | $3.2B | $17.8B | ||
| Q1 25 | $3.3B | $19.0B | ||
| Q4 24 | $3.2B | $19.4B | ||
| Q3 24 | $3.2B | $19.5B | ||
| Q2 24 | $3.2B | $20.3B |
负债/权益比AOSRIG
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 0.10× | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× |
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 | — | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $321.0M |
| 自由现金流率自由现金流/营收 | 12.6% | 30.8% |
| 资本支出强度资本支出/营收 | 1.1% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $626.0M |
8季度趋势，按日历期对齐
经营现金流AOSRIG
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $349.0M | ||
| Q3 25 | $255.4M | $246.0M | ||
| Q2 25 | $139.6M | $128.0M | ||
| Q1 25 | $38.7M | $26.0M | ||
| Q4 24 | $221.9M | $206.0M | ||
| Q3 24 | $195.9M | $194.0M | ||
| Q2 24 | $57.4M | $133.0M |
自由现金流AOSRIG
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $321.0M | ||
| Q3 25 | $240.6M | $235.0M | ||
| Q2 25 | $122.5M | $104.0M | ||
| Q1 25 | $17.4M | $-34.0M | ||
| Q4 24 | $191.3M | $177.0M | ||
| Q3 24 | $163.4M | $136.0M | ||
| Q2 24 | $34.5M | $49.0M |
自由现金流率AOSRIG
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 30.8% | ||
| Q3 25 | 25.5% | 22.9% | ||
| Q2 25 | 12.1% | 10.5% | ||
| Q1 25 | 1.8% | -3.8% | ||
| Q4 24 | 21.0% | 18.6% | ||
| Q3 24 | 18.1% | 14.3% | ||
| Q2 24 | 3.4% | 5.7% |
资本支出强度AOSRIG
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 2.7% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 1.7% | 2.4% | ||
| Q1 25 | 2.2% | 6.6% | ||
| Q4 24 | 3.4% | 3.0% | ||
| Q3 24 | 3.6% | 6.1% | ||
| Q2 24 | 2.2% | 9.8% |
现金转化率AOSRIG
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 13.96× | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | 29.43× | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — |
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
AOS
暂无分部数据
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
