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Alexandria Real Estate Equities（ARE）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Alexandria Real Estate Equities的1.6倍（$1.0B vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs 2.4%，领先57.0%），越洋钻探同比增速更快（9.6% vs -11.5%），过去两年越洋钻探的营收复合增速更高（16.9% vs -6.4%）
Alexandria Real Estate Equities（NYSE:ARE）是标普500成分股中的城市办公类房地产投资信托，作为业内首创、运营经验最丰富的先行企业，专注于在顶级创新集群区域开发、运营生命科学、科技及农业科技协作型产业园区。截至2020年12月末，公司总市值达319亿美元，北美地区资产总面积达4970万平方英尺。
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。
ARE vs RIG — 直观对比
营收规模更大
RIG
是对方的1.6倍
$671.0M
营收增速更快
RIG
高出21.1%
-11.5%
净利率更高
ARE
高出57.0%
2.4%
两年增速更快
RIG
近两年复合增速
-6.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $1.0B |
| 净利润 | $398.4M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | — | 23.0% |
| 净利率 | 59.4% | 2.4% |
| 营收同比 | -11.5% | 9.6% |
| 净利润同比 | 740.6% | 257.1% |
| 每股收益（稀释后） | $2.10 | $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ARERIG
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $1.0B | ||
| Q3 25 | $751.9M | $1.0B | ||
| Q2 25 | $762.0M | $988.0M | ||
| Q1 25 | $758.2M | $906.0M | ||
| Q4 24 | $788.9M | $952.0M | ||
| Q3 24 | $791.6M | $948.0M | ||
| Q2 24 | $766.7M | $861.0M |
净利润ARERIG
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $25.0M | ||
| Q3 25 | $-232.8M | $-1.9B | ||
| Q2 25 | $-107.0M | $-938.0M | ||
| Q1 25 | $-8.9M | $-79.0M | ||
| Q4 24 | $-62.2M | $7.0M | ||
| Q3 24 | $167.9M | $-494.0M | ||
| Q2 24 | $46.7M | $-123.0M |
毛利率ARERIG
| Q1 26 | — | — | ||
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% |
营业利润率ARERIG
| Q1 26 | — | — | ||
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | -163.1% | ||
| Q2 25 | — | -97.6% | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | -51.2% | ||
| Q2 24 | — | -6.9% |
净利率ARERIG
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 2.4% | ||
| Q3 25 | -31.0% | -187.1% | ||
| Q2 25 | -14.0% | -94.9% | ||
| Q1 25 | -1.2% | -8.7% | ||
| Q4 24 | -7.9% | 0.7% | ||
| Q3 24 | 21.2% | -52.1% | ||
| Q2 24 | 6.1% | -14.3% |
每股收益（稀释后）ARERIG
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.13 | ||
| Q3 25 | $-1.38 | $-2.00 | ||
| Q2 25 | $-0.64 | $-1.06 | ||
| Q1 25 | $-0.07 | $-0.11 | ||
| Q4 24 | $-0.38 | $-0.14 | ||
| Q3 24 | $0.96 | $-0.58 | ||
| Q2 24 | $0.25 | $-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 | $418.7M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $19.4B | $8.1B |
| 总资产 | $34.2B | $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ARERIG
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $620.0M | ||
| Q3 25 | $579.5M | $833.0M | ||
| Q2 25 | $520.5M | $377.0M | ||
| Q1 25 | $476.4M | $263.0M | ||
| Q4 24 | $552.1M | $560.0M | ||
| Q3 24 | $562.6M | $435.0M | ||
| Q2 24 | $561.0M | $475.0M |
总债务ARERIG
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $5.2B | ||
| Q3 25 | $13.6B | $4.8B | ||
| Q2 25 | $13.3B | $5.9B | ||
| Q1 25 | $13.1B | $5.9B | ||
| Q4 24 | $12.2B | $6.2B | ||
| Q3 24 | $12.7B | $6.5B | ||
| Q2 24 | $12.4B | $6.8B |
股东权益ARERIG
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $8.1B | ||
| Q3 25 | $16.6B | $8.1B | ||
| Q2 25 | $17.2B | $9.4B | ||
| Q1 25 | $17.5B | $10.2B | ||
| Q4 24 | $17.9B | $10.3B | ||
| Q3 24 | $18.2B | $10.2B | ||
| Q2 24 | $18.3B | $10.7B |
总资产ARERIG
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $15.6B | ||
| Q3 25 | $37.4B | $16.2B | ||
| Q2 25 | $37.6B | $17.8B | ||
| Q1 25 | $37.6B | $19.0B | ||
| Q4 24 | $37.5B | $19.4B | ||
| Q3 24 | $38.5B | $19.5B | ||
| Q2 24 | $37.8B | $20.3B |
负债/权益比ARERIG
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.64× | ||
| Q3 25 | 0.82× | 0.60× | ||
| Q2 25 | 0.77× | 0.63× | ||
| Q1 25 | 0.75× | 0.58× | ||
| Q4 24 | 0.68× | 0.60× | ||
| Q3 24 | 0.70× | 0.64× | ||
| Q2 24 | 0.68× | 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 | $475.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | 76.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.19× | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流ARERIG
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $349.0M | ||
| Q3 25 | $433.5M | $246.0M | ||
| Q2 25 | $460.2M | $128.0M | ||
| Q1 25 | $207.9M | $26.0M | ||
| Q4 24 | $274.2M | $206.0M | ||
| Q3 24 | $477.4M | $194.0M | ||
| Q2 24 | $411.8M | $133.0M |
自由现金流ARERIG
| Q1 26 | — | — | ||
| Q4 25 | — | $321.0M | ||
| Q3 25 | — | $235.0M | ||
| Q2 25 | — | $104.0M | ||
| Q1 25 | — | $-34.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $136.0M | ||
| Q2 24 | — | $49.0M |
自由现金流率ARERIG
| Q1 26 | — | — | ||
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | -3.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 5.7% |
资本支出强度ARERIG
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 9.8% |
现金转化率ARERIG
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 8.82× | — |
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
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
