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百通（BDC）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百通的1.4倍（$1.0B vs $720.1M），百通净利率更高（9.4% vs 2.4%，领先7.0%），越洋钻探同比增速更快（9.6% vs 8.1%），越洋钻探自由现金流更多（$321.0M vs $121.3M），过去两年越洋钻探的营收复合增速更高（16.9% vs 15.9%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs RIG — 直观对比
营收规模更大
RIG
是对方的1.4倍
$720.1M
营收增速更快
RIG
高出1.4%
8.1%
净利率更高
BDC
高出7.0%
2.4%
自由现金流更多
RIG
多$199.8M
$121.3M
两年增速更快
RIG
近两年复合增速
15.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $1.0B |
| 净利润 | $67.9M | $25.0M |
| 毛利率 | 36.6% | 42.0% |
| 营业利润率 | 12.2% | 23.0% |
| 净利率 | 9.4% | 2.4% |
| 营收同比 | 8.1% | 9.6% |
| 净利润同比 | 16.3% | 257.1% |
| 每股收益（稀释后） | $1.70 | $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BDCRIG
| Q4 25 | $720.1M | $1.0B | ||
| Q3 25 | $698.2M | $1.0B | ||
| Q2 25 | $672.0M | $988.0M | ||
| Q1 25 | $624.9M | $906.0M | ||
| Q4 24 | $666.0M | $952.0M | ||
| Q3 24 | $654.9M | $948.0M | ||
| Q2 24 | $604.3M | $861.0M | ||
| Q1 24 | $535.7M | $763.0M |
净利润BDCRIG
| Q4 25 | $67.9M | $25.0M | ||
| Q3 25 | $56.7M | $-1.9B | ||
| Q2 25 | $61.0M | $-938.0M | ||
| Q1 25 | $51.9M | $-79.0M | ||
| Q4 24 | $58.4M | $7.0M | ||
| Q3 24 | $53.7M | $-494.0M | ||
| Q2 24 | $49.0M | $-123.0M | ||
| Q1 24 | $37.3M | $98.0M |
毛利率BDCRIG
| Q4 25 | 36.6% | 42.0% | ||
| Q3 25 | 37.7% | 43.2% | ||
| Q2 25 | 38.5% | 39.4% | ||
| Q1 25 | 39.3% | 31.8% | ||
| Q4 24 | 37.5% | 39.2% | ||
| Q3 24 | 37.3% | 40.6% | ||
| Q2 24 | 37.5% | 38.0% | ||
| Q1 24 | 37.6% | 31.5% |
营业利润率BDCRIG
| Q4 25 | 12.2% | 23.0% | ||
| Q3 25 | 10.9% | -163.1% | ||
| Q2 25 | 11.8% | -97.6% | ||
| Q1 25 | 11.6% | 7.1% | ||
| Q4 24 | 10.4% | 13.7% | ||
| Q3 24 | 11.5% | -51.2% | ||
| Q2 24 | 11.4% | -6.9% | ||
| Q1 24 | 9.9% | -0.4% |
净利率BDCRIG
| Q4 25 | 9.4% | 2.4% | ||
| Q3 25 | 8.1% | -187.1% | ||
| Q2 25 | 9.1% | -94.9% | ||
| Q1 25 | 8.3% | -8.7% | ||
| Q4 24 | 8.8% | 0.7% | ||
| Q3 24 | 8.2% | -52.1% | ||
| Q2 24 | 8.1% | -14.3% | ||
| Q1 24 | 7.0% | 12.8% |
每股收益（稀释后）BDCRIG
| Q4 25 | $1.70 | $0.13 | ||
| Q3 25 | $1.41 | $-2.00 | ||
| Q2 25 | $1.53 | $-1.06 | ||
| Q1 25 | $1.27 | $-0.11 | ||
| Q4 24 | $1.41 | $-0.14 | ||
| Q3 24 | $1.30 | $-0.58 | ||
| Q2 24 | $1.19 | $-0.15 | ||
| Q1 24 | $0.90 | $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 | $389.9M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.3B | $8.1B |
| 总资产 | $3.5B | $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BDCRIG
| Q4 25 | $389.9M | $620.0M | ||
| Q3 25 | $314.3M | $833.0M | ||
| Q2 25 | $301.5M | $377.0M | ||
| Q1 25 | $259.0M | $263.0M | ||
| Q4 24 | $370.3M | $560.0M | ||
| Q3 24 | $323.0M | $435.0M | ||
| Q2 24 | $564.8M | $475.0M | ||
| Q1 24 | $506.8M | $446.0M |
总债务BDCRIG
| 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BDCRIG
| Q4 25 | $1.3B | $8.1B | ||
| Q3 25 | $1.2B | $8.1B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.2B | $10.2B | ||
| Q4 24 | $1.3B | $10.3B | ||
| Q3 24 | $1.2B | $10.2B | ||
| Q2 24 | $1.2B | $10.7B | ||
| Q1 24 | $1.2B | $10.5B |
总资产BDCRIG
| Q4 25 | $3.5B | $15.6B | ||
| Q3 25 | $3.4B | $16.2B | ||
| Q2 25 | $3.4B | $17.8B | ||
| Q1 25 | $3.3B | $19.0B | ||
| Q4 24 | $3.3B | $19.4B | ||
| Q3 24 | $3.3B | $19.5B | ||
| Q2 24 | $3.5B | $20.3B | ||
| Q1 24 | $3.1B | $19.9B |
负债/权益比BDCRIG
| 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 | $160.4M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $121.3M | $321.0M |
| 自由现金流率自由现金流/营收 | 16.8% | 30.8% |
| 资本支出强度资本支出/营收 | 5.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.36× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $218.7M | $626.0M |
8季度趋势，按日历期对齐
经营现金流BDCRIG
| Q4 25 | $160.4M | $349.0M | ||
| Q3 25 | $105.0M | $246.0M | ||
| Q2 25 | $82.0M | $128.0M | ||
| Q1 25 | $7.4M | $26.0M | ||
| Q4 24 | $174.7M | $206.0M | ||
| Q3 24 | $91.7M | $194.0M | ||
| Q2 24 | $83.0M | $133.0M | ||
| Q1 24 | $2.7M | $-86.0M |
自由现金流BDCRIG
| Q4 25 | $121.3M | $321.0M | ||
| Q3 25 | $65.3M | $235.0M | ||
| Q2 25 | $56.9M | $104.0M | ||
| Q1 25 | $-24.8M | $-34.0M | ||
| Q4 24 | $116.4M | $177.0M | ||
| Q3 24 | $67.2M | $136.0M | ||
| Q2 24 | $61.0M | $49.0M | ||
| Q1 24 | $-21.5M | $-169.0M |
自由现金流率BDCRIG
| Q4 25 | 16.8% | 30.8% | ||
| Q3 25 | 9.4% | 22.9% | ||
| Q2 25 | 8.5% | 10.5% | ||
| Q1 25 | -4.0% | -3.8% | ||
| Q4 24 | 17.5% | 18.6% | ||
| Q3 24 | 10.3% | 14.3% | ||
| Q2 24 | 10.1% | 5.7% | ||
| Q1 24 | -4.0% | -22.1% |
资本支出强度BDCRIG
| Q4 25 | 5.4% | 2.7% | ||
| Q3 25 | 5.7% | 1.1% | ||
| Q2 25 | 3.7% | 2.4% | ||
| Q1 25 | 5.2% | 6.6% | ||
| Q4 24 | 8.8% | 3.0% | ||
| Q3 24 | 3.7% | 6.1% | ||
| Q2 24 | 3.6% | 9.8% | ||
| Q1 24 | 4.5% | 10.9% |
现金转化率BDCRIG
| Q4 25 | 2.36× | 13.96× | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | 29.43× | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 0.07× | -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
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
