vs
TopBuild Corp（BLD）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
TopBuild Corp的季度营收约是越洋钻探的1.4倍（$1.5B vs $1.0B），TopBuild Corp净利率更高（7.0% vs 2.4%，领先4.6%），TopBuild Corp同比增速更快（13.2% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $159.4M），过去两年越洋钻探的营收复合增速更高（16.9% vs 7.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
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。
BLD vs RIG — 直观对比
营收规模更大
BLD
是对方的1.4倍
$1.0B
营收增速更快
BLD
高出3.6%
9.6%
净利率更高
BLD
高出4.6%
2.4%
自由现金流更多
RIG
多$161.6M
$159.4M
两年增速更快
RIG
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $104.5M | $25.0M |
| 毛利率 | 27.2% | 42.0% |
| 营业利润率 | 12.1% | 23.0% |
| 净利率 | 7.0% | 2.4% |
| 营收同比 | 13.2% | 9.6% |
| 净利润同比 | -30.6% | 257.1% |
| 每股收益（稀释后） | $3.69 | $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BLDRIG
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $988.0M | ||
| Q1 25 | $1.2B | $906.0M | ||
| Q4 24 | $1.3B | $952.0M | ||
| Q3 24 | $1.4B | $948.0M | ||
| Q2 24 | $1.4B | $861.0M | ||
| Q1 24 | $1.3B | $763.0M |
净利润BLDRIG
| Q4 25 | $104.5M | $25.0M | ||
| Q3 25 | $142.2M | $-1.9B | ||
| Q2 25 | $151.6M | $-938.0M | ||
| Q1 25 | $123.4M | $-79.0M | ||
| Q4 24 | $150.5M | $7.0M | ||
| Q3 24 | $169.0M | $-494.0M | ||
| Q2 24 | $150.7M | $-123.0M | ||
| Q1 24 | $152.4M | $98.0M |
毛利率BLDRIG
| Q4 25 | 27.2% | 42.0% | ||
| Q3 25 | 30.1% | 43.2% | ||
| Q2 25 | 30.4% | 39.4% | ||
| Q1 25 | 28.5% | 31.8% | ||
| Q4 24 | 29.9% | 39.2% | ||
| Q3 24 | 30.7% | 40.6% | ||
| Q2 24 | 31.0% | 38.0% | ||
| Q1 24 | 30.3% | 31.5% |
营业利润率BLDRIG
| Q4 25 | 12.1% | 23.0% | ||
| Q3 25 | 15.4% | -163.1% | ||
| Q2 25 | 16.9% | -97.6% | ||
| Q1 25 | 14.4% | 7.1% | ||
| Q4 24 | 16.6% | 13.7% | ||
| Q3 24 | 17.8% | -51.2% | ||
| Q2 24 | 15.4% | -6.9% | ||
| Q1 24 | 16.8% | -0.4% |
净利率BLDRIG
| Q4 25 | 7.0% | 2.4% | ||
| Q3 25 | 10.2% | -187.1% | ||
| Q2 25 | 11.7% | -94.9% | ||
| Q1 25 | 10.0% | -8.7% | ||
| Q4 24 | 11.5% | 0.7% | ||
| Q3 24 | 12.3% | -52.1% | ||
| Q2 24 | 11.0% | -14.3% | ||
| Q1 24 | 11.9% | 12.8% |
每股收益（稀释后）BLDRIG
| Q4 25 | $3.69 | $0.13 | ||
| Q3 25 | $5.04 | $-2.00 | ||
| Q2 25 | $5.32 | $-1.06 | ||
| Q1 25 | $4.23 | $-0.11 | ||
| Q4 24 | $5.07 | $-0.14 | ||
| Q3 24 | $5.65 | $-0.58 | ||
| Q2 24 | $4.78 | $-0.15 | ||
| Q1 24 | $4.79 | $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 | $184.7M | $620.0M |
| 总债务越低越好 | $2.8B | $5.2B |
| 股东权益账面价值 | $2.3B | $8.1B |
| 总资产 | $6.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资BLDRIG
| Q4 25 | $184.7M | $620.0M | ||
| Q3 25 | $1.1B | $833.0M | ||
| Q2 25 | $842.5M | $377.0M | ||
| Q1 25 | $308.8M | $263.0M | ||
| Q4 24 | $400.3M | $560.0M | ||
| Q3 24 | $257.3M | $435.0M | ||
| Q2 24 | $463.2M | $475.0M | ||
| Q1 24 | $968.8M | $446.0M |
总债务BLDRIG
| Q4 25 | $2.8B | $5.2B | ||
| Q3 25 | $2.9B | $4.8B | ||
| Q2 25 | $1.9B | $5.9B | ||
| Q1 25 | $1.4B | $5.9B | ||
| Q4 24 | $1.4B | $6.2B | ||
| Q3 24 | $1.4B | $6.5B | ||
| Q2 24 | $1.4B | $6.8B | ||
| Q1 24 | $1.4B | $6.8B |
股东权益BLDRIG
| Q4 25 | $2.3B | $8.1B | ||
| Q3 25 | $2.2B | $8.1B | ||
| Q2 25 | $2.1B | $9.4B | ||
| Q1 25 | $2.1B | $10.2B | ||
| Q4 24 | $2.2B | $10.3B | ||
| Q3 24 | $2.1B | $10.2B | ||
| Q2 24 | $2.4B | $10.7B | ||
| Q1 24 | $2.7B | $10.5B |
总资产BLDRIG
| Q4 25 | $6.6B | $15.6B | ||
| Q3 25 | $6.4B | $16.2B | ||
| Q2 25 | $5.1B | $17.8B | ||
| Q1 25 | $4.6B | $19.0B | ||
| Q4 24 | $4.7B | $19.4B | ||
| Q3 24 | $4.7B | $19.5B | ||
| Q2 24 | $4.9B | $20.3B | ||
| Q1 24 | $5.3B | $19.9B |
负债/权益比BLDRIG
| Q4 25 | 1.23× | 0.64× | ||
| Q3 25 | 1.29× | 0.60× | ||
| Q2 25 | 0.88× | 0.63× | ||
| Q1 25 | 0.65× | 0.58× | ||
| Q4 24 | 0.62× | 0.60× | ||
| Q3 24 | 0.66× | 0.64× | ||
| Q2 24 | 0.59× | 0.63× | ||
| Q1 24 | 0.52× | 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 | $176.7M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $321.0M |
| 自由现金流率自由现金流/营收 | 10.7% | 30.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.69× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $626.0M |
8季度趋势，按日历期对齐
经营现金流BLDRIG
| Q4 25 | $176.7M | $349.0M | ||
| Q3 25 | $233.3M | $246.0M | ||
| Q2 25 | $193.7M | $128.0M | ||
| Q1 25 | $152.6M | $26.0M | ||
| Q4 24 | $266.2M | $206.0M | ||
| Q3 24 | $240.7M | $194.0M | ||
| Q2 24 | $90.4M | $133.0M | ||
| Q1 24 | $178.8M | $-86.0M |
自由现金流BLDRIG
| Q4 25 | $159.4M | $321.0M | ||
| Q3 25 | $216.2M | $235.0M | ||
| Q2 25 | $182.2M | $104.0M | ||
| Q1 25 | $139.2M | $-34.0M | ||
| Q4 24 | $253.7M | $177.0M | ||
| Q3 24 | $219.8M | $136.0M | ||
| Q2 24 | $74.3M | $49.0M | ||
| Q1 24 | $158.9M | $-169.0M |
自由现金流率BLDRIG
| Q4 25 | 10.7% | 30.8% | ||
| Q3 25 | 15.5% | 22.9% | ||
| Q2 25 | 14.0% | 10.5% | ||
| Q1 25 | 11.3% | -3.8% | ||
| Q4 24 | 19.3% | 18.6% | ||
| Q3 24 | 16.0% | 14.3% | ||
| Q2 24 | 5.4% | 5.7% | ||
| Q1 24 | 12.4% | -22.1% |
资本支出强度BLDRIG
| Q4 25 | 1.2% | 2.7% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 0.9% | 2.4% | ||
| Q1 25 | 1.1% | 6.6% | ||
| Q4 24 | 1.0% | 3.0% | ||
| Q3 24 | 1.5% | 6.1% | ||
| Q2 24 | 1.2% | 9.8% | ||
| Q1 24 | 1.6% | 10.9% |
现金转化率BLDRIG
| Q4 25 | 1.69× | 13.96× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | 29.43× | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 1.17× | -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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
