vs
BGC Group, Inc.（BGC）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BGC Group, Inc.的1.6倍（$1.0B vs $638.6M），越洋钻探净利率更高（2.4% vs 2.3%，领先0.1%），BGC Group, Inc.同比增速更快（34.4% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $175.1M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 16.9%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs RIG — 直观对比
营收规模更大
RIG
是对方的1.6倍
$638.6M
营收增速更快
BGC
高出24.8%
9.6%
净利率更高
RIG
高出0.1%
2.3%
自由现金流更多
RIG
多$145.9M
$175.1M
两年增速更快
BGC
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $1.0B |
| 净利润 | $14.4M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 3.9% | 23.0% |
| 净利率 | 2.3% | 2.4% |
| 营收同比 | 34.4% | 9.6% |
| 净利润同比 | -43.0% | 257.1% |
| 每股收益（稀释后） | $0.03 | $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BGCRIG
| Q4 25 | $638.6M | $1.0B | ||
| Q3 25 | $620.8M | $1.0B | ||
| Q2 25 | $648.0M | $988.0M | ||
| Q1 25 | $534.6M | $906.0M | ||
| Q4 24 | $475.2M | $952.0M | ||
| Q3 24 | $448.9M | $948.0M | ||
| Q2 24 | $435.0M | $861.0M | ||
| Q1 24 | $453.6M | $763.0M |
净利润BGCRIG
| Q4 25 | $14.4M | $25.0M | ||
| Q3 25 | $27.9M | $-1.9B | ||
| Q2 25 | $57.5M | $-938.0M | ||
| Q1 25 | $55.2M | $-79.0M | ||
| Q4 24 | $25.2M | $7.0M | ||
| Q3 24 | $14.7M | $-494.0M | ||
| Q2 24 | $37.8M | $-123.0M | ||
| Q1 24 | $49.2M | $98.0M |
毛利率BGCRIG
| 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% | ||
| Q1 24 | — | 31.5% |
营业利润率BGCRIG
| Q4 25 | 3.9% | 23.0% | ||
| Q3 25 | 5.4% | -163.1% | ||
| Q2 25 | 11.6% | -97.6% | ||
| Q1 25 | 15.0% | 7.1% | ||
| Q4 24 | 5.7% | 13.7% | ||
| Q3 24 | 4.4% | -51.2% | ||
| Q2 24 | 12.7% | -6.9% | ||
| Q1 24 | 15.7% | -0.4% |
净利率BGCRIG
| Q4 25 | 2.3% | 2.4% | ||
| Q3 25 | 4.5% | -187.1% | ||
| Q2 25 | 8.9% | -94.9% | ||
| Q1 25 | 10.3% | -8.7% | ||
| Q4 24 | 5.3% | 0.7% | ||
| Q3 24 | 3.3% | -52.1% | ||
| Q2 24 | 8.7% | -14.3% | ||
| Q1 24 | 10.8% | 12.8% |
每股收益（稀释后）BGCRIG
| Q4 25 | $0.03 | $0.13 | ||
| Q3 25 | $0.06 | $-2.00 | ||
| Q2 25 | $0.11 | $-1.06 | ||
| Q1 25 | $0.11 | $-0.11 | ||
| Q4 24 | $0.04 | $-0.14 | ||
| Q3 24 | $0.03 | $-0.58 | ||
| Q2 24 | $0.08 | $-0.15 | ||
| Q1 24 | $0.10 | $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 | $851.5M | $620.0M |
| 总债务越低越好 | $1.5B | $5.2B |
| 股东权益账面价值 | $972.5M | $8.1B |
| 总资产 | $4.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资BGCRIG
| Q4 25 | $851.5M | $620.0M | ||
| Q3 25 | $774.9M | $833.0M | ||
| Q2 25 | $827.8M | $377.0M | ||
| Q1 25 | $966.4M | $263.0M | ||
| Q4 24 | $711.6M | $560.0M | ||
| Q3 24 | $563.5M | $435.0M | ||
| Q2 24 | $571.7M | $475.0M | ||
| Q1 24 | $566.8M | $446.0M |
总债务BGCRIG
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.8B | $4.8B | ||
| Q2 25 | $1.8B | $5.9B | ||
| Q1 25 | $1.1B | $5.9B | ||
| Q4 24 | $1.1B | $6.2B | ||
| Q3 24 | $1.4B | $6.5B | ||
| Q2 24 | $1.4B | $6.8B | ||
| Q1 24 | $945.0M | $6.8B |
股东权益BGCRIG
| Q4 25 | $972.5M | $8.1B | ||
| Q3 25 | $965.3M | $8.1B | ||
| Q2 25 | $930.5M | $9.4B | ||
| Q1 25 | $963.8M | $10.2B | ||
| Q4 24 | $898.5M | $10.3B | ||
| Q3 24 | $860.1M | $10.2B | ||
| Q2 24 | $858.1M | $10.7B | ||
| Q1 24 | $912.1M | $10.5B |
总资产BGCRIG
| Q4 25 | $4.4B | $15.6B | ||
| Q3 25 | $5.8B | $16.2B | ||
| Q2 25 | $4.9B | $17.8B | ||
| Q1 25 | $4.9B | $19.0B | ||
| Q4 24 | $3.6B | $19.4B | ||
| Q3 24 | $4.4B | $19.5B | ||
| Q2 24 | $4.3B | $20.3B | ||
| Q1 24 | $4.4B | $19.9B |
负债/权益比BGCRIG
| Q4 25 | 1.58× | 0.64× | ||
| Q3 25 | 1.90× | 0.60× | ||
| Q2 25 | 1.97× | 0.63× | ||
| Q1 25 | 1.19× | 0.58× | ||
| Q4 24 | 1.27× | 0.60× | ||
| Q3 24 | 1.68× | 0.64× | ||
| Q2 24 | 1.68× | 0.63× | ||
| Q1 24 | 1.04× | 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 | $180.4M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $321.0M |
| 自由现金流率自由现金流/营收 | 27.4% | 30.8% |
| 资本支出强度资本支出/营收 | 0.8% | 2.7% |
| 现金转化率经营现金流/净利润 | 12.55× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $372.9M | $626.0M |
8季度趋势，按日历期对齐
经营现金流BGCRIG
| Q4 25 | $180.4M | $349.0M | ||
| Q3 25 | $141.9M | $246.0M | ||
| Q2 25 | $71.2M | $128.0M | ||
| Q1 25 | $839.0K | $26.0M | ||
| Q4 24 | $251.9M | $206.0M | ||
| Q3 24 | $88.3M | $194.0M | ||
| Q2 24 | $-53.0M | $133.0M | ||
| Q1 24 | $28.1M | $-86.0M |
自由现金流BGCRIG
| Q4 25 | $175.1M | $321.0M | ||
| Q3 25 | $137.2M | $235.0M | ||
| Q2 25 | $65.0M | $104.0M | ||
| Q1 25 | $-4.4M | $-34.0M | ||
| Q4 24 | $245.6M | $177.0M | ||
| Q3 24 | $78.8M | $136.0M | ||
| Q2 24 | $-63.5M | $49.0M | ||
| Q1 24 | $24.9M | $-169.0M |
自由现金流率BGCRIG
| Q4 25 | 27.4% | 30.8% | ||
| Q3 25 | 22.1% | 22.9% | ||
| Q2 25 | 10.0% | 10.5% | ||
| Q1 25 | -0.8% | -3.8% | ||
| Q4 24 | 51.7% | 18.6% | ||
| Q3 24 | 17.5% | 14.3% | ||
| Q2 24 | -14.6% | 5.7% | ||
| Q1 24 | 5.5% | -22.1% |
资本支出强度BGCRIG
| Q4 25 | 0.8% | 2.7% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 1.0% | 2.4% | ||
| Q1 25 | 1.0% | 6.6% | ||
| Q4 24 | 1.3% | 3.0% | ||
| Q3 24 | 2.1% | 6.1% | ||
| Q2 24 | 2.4% | 9.8% | ||
| Q1 24 | 0.7% | 10.9% |
现金转化率BGCRIG
| Q4 25 | 12.55× | 13.96× | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 9.99× | 29.43× | ||
| Q3 24 | 5.99× | — | ||
| Q2 24 | -1.40× | — | ||
| Q1 24 | 0.57× | -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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
