vs
Atmos Energy（ATO）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
Atmos Energy的季度营收约是越洋钻探的1.3倍（$1.3B vs $1.0B），Atmos Energy净利率更高（30.0% vs 2.4%，领先27.6%），Atmos Energy同比增速更快（14.2% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $-725.3M），过去两年越洋钻探的营收复合增速更高（16.9% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
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。
ATO vs RIG — 直观对比
营收规模更大
ATO
是对方的1.3倍
$1.0B
营收增速更快
ATO
高出4.6%
9.6%
净利率更高
ATO
高出27.6%
2.4%
自由现金流更多
RIG
多$1.0B
$-725.3M
两年增速更快
RIG
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $403.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 38.3% | 23.0% |
| 净利率 | 30.0% | 2.4% |
| 营收同比 | 14.2% | 9.6% |
| 净利润同比 | 14.5% | 257.1% |
| 每股收益（稀释后） | $2.44 | $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ATORIG
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $737.5M | $1.0B | ||
| Q2 25 | $838.8M | $988.0M | ||
| Q1 25 | $2.0B | $906.0M | ||
| Q4 24 | $1.2B | $952.0M | ||
| Q3 24 | $657.9M | $948.0M | ||
| Q2 24 | $701.5M | $861.0M | ||
| Q1 24 | $1.6B | $763.0M |
净利润ATORIG
| Q4 25 | $403.0M | $25.0M | ||
| Q3 25 | $174.9M | $-1.9B | ||
| Q2 25 | $186.4M | $-938.0M | ||
| Q1 25 | $485.6M | $-79.0M | ||
| Q4 24 | $351.9M | $7.0M | ||
| Q3 24 | $134.0M | $-494.0M | ||
| Q2 24 | $165.6M | $-123.0M | ||
| Q1 24 | $432.0M | $98.0M |
毛利率ATORIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | 60.0% | 31.8% | ||
| Q4 24 | 80.1% | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | 62.1% | 31.5% |
营业利润率ATORIG
| Q4 25 | 38.3% | 23.0% | ||
| Q3 25 | 29.8% | -163.1% | ||
| Q2 25 | 30.1% | -97.6% | ||
| Q1 25 | 32.2% | 7.1% | ||
| Q4 24 | 39.1% | 13.7% | ||
| Q3 24 | 28.1% | -51.2% | ||
| Q2 24 | 31.4% | -6.9% | ||
| Q1 24 | 33.4% | -0.4% |
净利率ATORIG
| Q4 25 | 30.0% | 2.4% | ||
| Q3 25 | 23.7% | -187.1% | ||
| Q2 25 | 22.2% | -94.9% | ||
| Q1 25 | 24.9% | -8.7% | ||
| Q4 24 | 29.9% | 0.7% | ||
| Q3 24 | 20.4% | -52.1% | ||
| Q2 24 | 23.6% | -14.3% | ||
| Q1 24 | 26.2% | 12.8% |
每股收益（稀释后）ATORIG
| Q4 25 | $2.44 | $0.13 | ||
| Q3 25 | $1.04 | $-2.00 | ||
| Q2 25 | $1.16 | $-1.06 | ||
| Q1 25 | $3.03 | $-0.11 | ||
| Q4 24 | $2.23 | $-0.14 | ||
| Q3 24 | $0.82 | $-0.58 | ||
| Q2 24 | $1.08 | $-0.15 | ||
| Q1 24 | $2.85 | $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 | $367.0M | $620.0M |
| 总债务越低越好 | $9.6B | $5.2B |
| 股东权益账面价值 | $14.3B | $8.1B |
| 总资产 | $29.8B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.67× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ATORIG
| Q4 25 | $367.0M | $620.0M | ||
| Q3 25 | $202.7M | $833.0M | ||
| Q2 25 | $709.4M | $377.0M | ||
| Q1 25 | $543.5M | $263.0M | ||
| Q4 24 | $584.5M | $560.0M | ||
| Q3 24 | $307.3M | $435.0M | ||
| Q2 24 | $674.6M | $475.0M | ||
| Q1 24 | $262.5M | $446.0M |
总债务ATORIG
| Q4 25 | $9.6B | $5.2B | ||
| Q3 25 | $8.9B | $4.8B | ||
| Q2 25 | $8.9B | $5.9B | ||
| Q1 25 | $8.4B | $5.9B | ||
| Q4 24 | $8.4B | $6.2B | ||
| Q3 24 | $7.8B | $6.5B | ||
| Q2 24 | $7.8B | $6.8B | ||
| Q1 24 | $7.4B | $6.8B |
股东权益ATORIG
| Q4 25 | $14.3B | $8.1B | ||
| Q3 25 | $13.6B | $8.1B | ||
| Q2 25 | $13.4B | $9.4B | ||
| Q1 25 | $13.1B | $10.2B | ||
| Q4 24 | $12.8B | $10.3B | ||
| Q3 24 | $12.2B | $10.2B | ||
| Q2 24 | $12.2B | $10.7B | ||
| Q1 24 | $11.6B | $10.5B |
总资产ATORIG
| Q4 25 | $29.8B | $15.6B | ||
| Q3 25 | $28.2B | $16.2B | ||
| Q2 25 | $27.7B | $17.8B | ||
| Q1 25 | $27.0B | $19.0B | ||
| Q4 24 | $26.5B | $19.4B | ||
| Q3 24 | $25.2B | $19.5B | ||
| Q2 24 | $24.9B | $20.3B | ||
| Q1 24 | $24.0B | $19.9B |
负债/权益比ATORIG
| Q4 25 | 0.67× | 0.64× | ||
| Q3 25 | 0.66× | 0.60× | ||
| Q2 25 | 0.67× | 0.63× | ||
| Q1 25 | 0.64× | 0.58× | ||
| Q4 24 | 0.66× | 0.60× | ||
| Q3 24 | 0.64× | 0.64× | ||
| Q2 24 | 0.64× | 0.63× | ||
| Q1 24 | 0.64× | 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 | $308.1M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $321.0M |
| 自由现金流率自由现金流/营收 | -54.0% | 30.8% |
| 资本支出强度资本支出/营收 | 77.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.76× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $626.0M |
8季度趋势，按日历期对齐
经营现金流ATORIG
| Q4 25 | $308.1M | $349.0M | ||
| Q3 25 | $348.1M | $246.0M | ||
| Q2 25 | $496.4M | $128.0M | ||
| Q1 25 | $922.9M | $26.0M | ||
| Q4 24 | $282.0M | $206.0M | ||
| Q3 24 | $330.7M | $194.0M | ||
| Q2 24 | $411.2M | $133.0M | ||
| Q1 24 | $746.6M | $-86.0M |
自由现金流ATORIG
| Q4 25 | $-725.3M | $321.0M | ||
| Q3 25 | $-615.5M | $235.0M | ||
| Q2 25 | $-370.6M | $104.0M | ||
| Q1 25 | $83.3M | $-34.0M | ||
| Q4 24 | $-609.2M | $177.0M | ||
| Q3 24 | $-477.3M | $136.0M | ||
| Q2 24 | $-302.4M | $49.0M | ||
| Q1 24 | $100.7M | $-169.0M |
自由现金流率ATORIG
| Q4 25 | -54.0% | 30.8% | ||
| Q3 25 | -83.5% | 22.9% | ||
| Q2 25 | -44.2% | 10.5% | ||
| Q1 25 | 4.3% | -3.8% | ||
| Q4 24 | -51.8% | 18.6% | ||
| Q3 24 | -72.5% | 14.3% | ||
| Q2 24 | -43.1% | 5.7% | ||
| Q1 24 | 6.1% | -22.1% |
资本支出强度ATORIG
| Q4 25 | 77.0% | 2.7% | ||
| Q3 25 | 130.7% | 1.1% | ||
| Q2 25 | 103.4% | 2.4% | ||
| Q1 25 | 43.0% | 6.6% | ||
| Q4 24 | 75.8% | 3.0% | ||
| Q3 24 | 122.8% | 6.1% | ||
| Q2 24 | 101.7% | 9.8% | ||
| Q1 24 | 39.2% | 10.9% |
现金转化率ATORIG
| Q4 25 | 0.76× | 13.96× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 0.80× | 29.43× | ||
| Q3 24 | 2.47× | — | ||
| Q2 24 | 2.48× | — | ||
| Q1 24 | 1.73× | -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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
