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艾仕得（AXTA）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
艾仕得的季度营收约是越洋钻探的1.2倍（$1.3B vs $1.0B），艾仕得净利率更高（4.8% vs 2.4%，领先2.4%），越洋钻探同比增速更快（9.6% vs -3.7%），越洋钻探自由现金流更多（$321.0M vs $286.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs RIG — 直观对比
营收规模更大
AXTA
是对方的1.2倍
$1.0B
营收增速更快
RIG
高出13.3%
-3.7%
净利率更高
AXTA
高出2.4%
2.4%
自由现金流更多
RIG
多$35.0M
$286.0M
两年增速更快
RIG
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $60.0M | $25.0M |
| 毛利率 | 33.4% | 42.0% |
| 营业利润率 | 12.8% | 23.0% |
| 净利率 | 4.8% | 2.4% |
| 营收同比 | -3.7% | 9.6% |
| 净利润同比 | -56.2% | 257.1% |
| 每股收益（稀释后） | $0.28 | $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AXTARIG
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.3B | $988.0M | ||
| Q1 25 | $1.3B | $906.0M | ||
| Q4 24 | $1.3B | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $1.4B | $861.0M | ||
| Q1 24 | $1.3B | $763.0M |
净利润AXTARIG
| Q4 25 | $60.0M | $25.0M | ||
| Q3 25 | $110.0M | $-1.9B | ||
| Q2 25 | $109.0M | $-938.0M | ||
| Q1 25 | $99.0M | $-79.0M | ||
| Q4 24 | $137.0M | $7.0M | ||
| Q3 24 | $101.0M | $-494.0M | ||
| Q2 24 | $112.0M | $-123.0M | ||
| Q1 24 | $41.0M | $98.0M |
毛利率AXTARIG
| Q4 25 | 33.4% | 42.0% | ||
| Q3 25 | 34.9% | 43.2% | ||
| Q2 25 | 35.0% | 39.4% | ||
| Q1 25 | 34.3% | 31.8% | ||
| Q4 24 | 34.1% | 39.2% | ||
| Q3 24 | 35.0% | 40.6% | ||
| Q2 24 | 34.0% | 38.0% | ||
| Q1 24 | 33.2% | 31.5% |
营业利润率AXTARIG
| Q4 25 | 12.8% | 23.0% | ||
| Q3 25 | 15.8% | -163.1% | ||
| Q2 25 | 14.8% | -97.6% | ||
| Q1 25 | 13.9% | 7.1% | ||
| Q4 24 | 14.3% | 13.7% | ||
| Q3 24 | 14.6% | -51.2% | ||
| Q2 24 | 15.2% | -6.9% | ||
| Q1 24 | 9.4% | -0.4% |
净利率AXTARIG
| Q4 25 | 4.8% | 2.4% | ||
| Q3 25 | 8.5% | -187.1% | ||
| Q2 25 | 8.4% | -94.9% | ||
| Q1 25 | 7.8% | -8.7% | ||
| Q4 24 | 10.5% | 0.7% | ||
| Q3 24 | 7.7% | -52.1% | ||
| Q2 24 | 8.3% | -14.3% | ||
| Q1 24 | 3.2% | 12.8% |
每股收益（稀释后）AXTARIG
| Q4 25 | $0.28 | $0.13 | ||
| Q3 25 | $0.51 | $-2.00 | ||
| Q2 25 | $0.50 | $-1.06 | ||
| Q1 25 | $0.45 | $-0.11 | ||
| Q4 24 | $0.63 | $-0.14 | ||
| Q3 24 | $0.46 | $-0.58 | ||
| Q2 24 | $0.51 | $-0.15 | ||
| Q1 24 | $0.18 | $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 | $657.0M | $620.0M |
| 总债务越低越好 | $3.2B | $5.2B |
| 股东权益账面价值 | $2.3B | $8.1B |
| 总资产 | $7.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资AXTARIG
| Q4 25 | $657.0M | $620.0M | ||
| Q3 25 | $606.0M | $833.0M | ||
| Q2 25 | $625.0M | $377.0M | ||
| Q1 25 | $575.0M | $263.0M | ||
| Q4 24 | $593.0M | $560.0M | ||
| Q3 24 | $567.0M | $435.0M | ||
| Q2 24 | $840.0M | $475.0M | ||
| Q1 24 | $624.0M | $446.0M |
总债务AXTARIG
| Q4 25 | $3.2B | $5.2B | ||
| Q3 25 | $3.4B | $4.8B | ||
| Q2 25 | $3.4B | $5.9B | ||
| Q1 25 | $3.4B | $5.9B | ||
| Q4 24 | $3.4B | $6.2B | ||
| Q3 24 | $3.5B | $6.5B | ||
| Q2 24 | $3.6B | $6.8B | ||
| Q1 24 | $3.4B | $6.8B |
股东权益AXTARIG
| Q4 25 | $2.3B | $8.1B | ||
| Q3 25 | $2.3B | $8.1B | ||
| Q2 25 | $2.3B | $9.4B | ||
| Q1 25 | $2.1B | $10.2B | ||
| Q4 24 | $1.9B | $10.3B | ||
| Q3 24 | $1.9B | $10.2B | ||
| Q2 24 | $1.8B | $10.7B | ||
| Q1 24 | $1.7B | $10.5B |
总资产AXTARIG
| Q4 25 | $7.6B | $15.6B | ||
| Q3 25 | $7.8B | $16.2B | ||
| Q2 25 | $7.8B | $17.8B | ||
| Q1 25 | $7.4B | $19.0B | ||
| Q4 24 | $7.2B | $19.4B | ||
| Q3 24 | $7.5B | $19.5B | ||
| Q2 24 | $7.3B | $20.3B | ||
| Q1 24 | $7.1B | $19.9B |
负债/权益比AXTARIG
| Q4 25 | 1.36× | 0.64× | ||
| Q3 25 | 1.48× | 0.60× | ||
| Q2 25 | 1.50× | 0.63× | ||
| Q1 25 | 1.64× | 0.58× | ||
| Q4 24 | 1.78× | 0.60× | ||
| Q3 24 | 1.84× | 0.64× | ||
| Q2 24 | 2.02× | 0.63× | ||
| Q1 24 | 1.97× | 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 | $344.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 22.7% | 30.8% |
| 资本支出强度资本支出/营收 | 4.6% | 2.7% |
| 现金转化率经营现金流/净利润 | 5.73× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流AXTARIG
| Q4 25 | $344.0M | $349.0M | ||
| Q3 25 | $137.0M | $246.0M | ||
| Q2 25 | $142.0M | $128.0M | ||
| Q1 25 | $26.0M | $26.0M | ||
| Q4 24 | $234.0M | $206.0M | ||
| Q3 24 | $194.0M | $194.0M | ||
| Q2 24 | $114.0M | $133.0M | ||
| Q1 24 | $34.0M | $-86.0M |
自由现金流AXTARIG
| Q4 25 | $286.0M | $321.0M | ||
| Q3 25 | $87.0M | $235.0M | ||
| Q2 25 | $97.0M | $104.0M | ||
| Q1 25 | $-17.0M | $-34.0M | ||
| Q4 24 | $172.0M | $177.0M | ||
| Q3 24 | $161.0M | $136.0M | ||
| Q2 24 | $91.0M | $49.0M | ||
| Q1 24 | $12.0M | $-169.0M |
自由现金流率AXTARIG
| Q4 25 | 22.7% | 30.8% | ||
| Q3 25 | 6.8% | 22.9% | ||
| Q2 25 | 7.4% | 10.5% | ||
| Q1 25 | -1.3% | -3.8% | ||
| Q4 24 | 13.1% | 18.6% | ||
| Q3 24 | 12.2% | 14.3% | ||
| Q2 24 | 6.7% | 5.7% | ||
| Q1 24 | 0.9% | -22.1% |
资本支出强度AXTARIG
| Q4 25 | 4.6% | 2.7% | ||
| Q3 25 | 3.9% | 1.1% | ||
| Q2 25 | 3.4% | 2.4% | ||
| Q1 25 | 3.4% | 6.6% | ||
| Q4 24 | 4.7% | 3.0% | ||
| Q3 24 | 2.5% | 6.1% | ||
| Q2 24 | 1.7% | 9.8% | ||
| Q1 24 | 1.7% | 10.9% |
现金转化率AXTARIG
| Q4 25 | 5.73× | 13.96× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | 29.43× | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 0.83× | -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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
