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BWX Technologies, Inc.（BWXT）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BWX Technologies, Inc.的1.2倍（$1.0B vs $885.8M），BWX Technologies, Inc.净利率更高（10.5% vs 2.4%，领先8.1%），BWX Technologies, Inc.同比增速更快（18.7% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $56.8M），过去两年BWX Technologies, Inc.的营收复合增速更高（21.1% vs 16.9%）
BWX Technologies Inc.（简称BWXT）总部位于美国弗吉尼亚州林奇堡，是一家面向全球供应核部件与核燃料的专业企业，产品广泛应用于核电及核工业相关领域，服务覆盖全球多个国家和地区的客户。
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。
BWXT vs RIG — 直观对比
营收规模更大
RIG
是对方的1.2倍
$885.8M
营收增速更快
BWXT
高出9.1%
9.6%
净利率更高
BWXT
高出8.1%
2.4%
自由现金流更多
RIG
多$264.2M
$56.8M
两年增速更快
BWXT
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $885.8M | $1.0B |
| 净利润 | $93.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 10.4% | 23.0% |
| 净利率 | 10.5% | 2.4% |
| 营收同比 | 18.7% | 9.6% |
| 净利润同比 | 30.9% | 257.1% |
| 每股收益（稀释后） | $1.02 | $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BWXTRIG
| Q4 25 | $885.8M | $1.0B | ||
| Q3 25 | $866.3M | $1.0B | ||
| Q2 25 | $764.0M | $988.0M | ||
| Q1 25 | $682.3M | $906.0M | ||
| Q4 24 | $746.3M | $952.0M | ||
| Q3 24 | $672.0M | $948.0M | ||
| Q2 24 | $681.5M | $861.0M | ||
| Q1 24 | $604.0M | $763.0M |
净利润BWXTRIG
| Q4 25 | $93.0M | $25.0M | ||
| Q3 25 | $82.1M | $-1.9B | ||
| Q2 25 | $78.4M | $-938.0M | ||
| Q1 25 | $75.5M | $-79.0M | ||
| Q4 24 | $71.0M | $7.0M | ||
| Q3 24 | $69.5M | $-494.0M | ||
| Q2 24 | $73.0M | $-123.0M | ||
| Q1 24 | $68.5M | $98.0M |
毛利率BWXTRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | 21.8% | 43.2% | ||
| Q2 25 | 25.1% | 39.4% | ||
| Q1 25 | 24.2% | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | 24.4% | 40.6% | ||
| Q2 24 | 24.7% | 38.0% | ||
| Q1 24 | 24.6% | 31.5% |
营业利润率BWXTRIG
| Q4 25 | 10.4% | 23.0% | ||
| Q3 25 | 13.1% | -163.1% | ||
| Q2 25 | 13.4% | -97.6% | ||
| Q1 25 | 14.2% | 7.1% | ||
| Q4 24 | 12.4% | 13.7% | ||
| Q3 24 | 14.4% | -51.2% | ||
| Q2 24 | 14.5% | -6.9% | ||
| Q1 24 | 15.4% | -0.4% |
净利率BWXTRIG
| Q4 25 | 10.5% | 2.4% | ||
| Q3 25 | 9.5% | -187.1% | ||
| Q2 25 | 10.3% | -94.9% | ||
| Q1 25 | 11.1% | -8.7% | ||
| Q4 24 | 9.5% | 0.7% | ||
| Q3 24 | 10.3% | -52.1% | ||
| Q2 24 | 10.7% | -14.3% | ||
| Q1 24 | 11.3% | 12.8% |
每股收益（稀释后）BWXTRIG
| Q4 25 | $1.02 | $0.13 | ||
| Q3 25 | $0.89 | $-2.00 | ||
| Q2 25 | $0.85 | $-1.06 | ||
| Q1 25 | $0.82 | $-0.11 | ||
| Q4 24 | $0.77 | $-0.14 | ||
| Q3 24 | $0.76 | $-0.58 | ||
| Q2 24 | $0.79 | $-0.15 | ||
| Q1 24 | $0.75 | $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 | $499.8M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.2B | $8.1B |
| 总资产 | $4.3B | $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BWXTRIG
| Q4 25 | $499.8M | $620.0M | ||
| Q3 25 | $79.6M | $833.0M | ||
| Q2 25 | $37.0M | $377.0M | ||
| Q1 25 | $55.4M | $263.0M | ||
| Q4 24 | $74.1M | $560.0M | ||
| Q3 24 | $35.5M | $435.0M | ||
| Q2 24 | $48.3M | $475.0M | ||
| Q1 24 | $45.9M | $446.0M |
总债务BWXTRIG
| 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BWXTRIG
| Q4 25 | $1.2B | $8.1B | ||
| Q3 25 | $1.2B | $8.1B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.1B | $10.2B | ||
| Q4 24 | $1.1B | $10.3B | ||
| Q3 24 | $1.1B | $10.2B | ||
| Q2 24 | $998.5M | $10.7B | ||
| Q1 24 | $946.2M | $10.5B |
总资产BWXTRIG
| Q4 25 | $4.3B | $15.6B | ||
| Q3 25 | $3.8B | $16.2B | ||
| Q2 25 | $3.7B | $17.8B | ||
| Q1 25 | $3.1B | $19.0B | ||
| Q4 24 | $2.9B | $19.4B | ||
| Q3 24 | $2.9B | $19.5B | ||
| Q2 24 | $2.8B | $20.3B | ||
| Q1 24 | $2.8B | $19.9B |
负债/权益比BWXTRIG
| 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 | $127.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $56.8M | $321.0M |
| 自由现金流率自由现金流/营收 | 6.4% | 30.8% |
| 资本支出强度资本支出/营收 | 7.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.37× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $295.3M | $626.0M |
8季度趋势，按日历期对齐
经营现金流BWXTRIG
| Q4 25 | $127.0M | $349.0M | ||
| Q3 25 | $143.2M | $246.0M | ||
| Q2 25 | $159.0M | $128.0M | ||
| Q1 25 | $50.6M | $26.0M | ||
| Q4 24 | $276.9M | $206.0M | ||
| Q3 24 | $32.6M | $194.0M | ||
| Q2 24 | $65.9M | $133.0M | ||
| Q1 24 | $33.0M | $-86.0M |
自由现金流BWXTRIG
| Q4 25 | $56.8M | $321.0M | ||
| Q3 25 | $94.9M | $235.0M | ||
| Q2 25 | $126.3M | $104.0M | ||
| Q1 25 | $17.3M | $-34.0M | ||
| Q4 24 | $224.4M | $177.0M | ||
| Q3 24 | $-7.7M | $136.0M | ||
| Q2 24 | $35.5M | $49.0M | ||
| Q1 24 | $2.6M | $-169.0M |
自由现金流率BWXTRIG
| Q4 25 | 6.4% | 30.8% | ||
| Q3 25 | 11.0% | 22.9% | ||
| Q2 25 | 16.5% | 10.5% | ||
| Q1 25 | 2.5% | -3.8% | ||
| Q4 24 | 30.1% | 18.6% | ||
| Q3 24 | -1.1% | 14.3% | ||
| Q2 24 | 5.2% | 5.7% | ||
| Q1 24 | 0.4% | -22.1% |
资本支出强度BWXTRIG
| Q4 25 | 7.9% | 2.7% | ||
| Q3 25 | 5.6% | 1.1% | ||
| Q2 25 | 4.3% | 2.4% | ||
| Q1 25 | 4.9% | 6.6% | ||
| Q4 24 | 7.0% | 3.0% | ||
| Q3 24 | 6.0% | 6.1% | ||
| Q2 24 | 4.5% | 9.8% | ||
| Q1 24 | 5.0% | 10.9% |
现金转化率BWXTRIG
| Q4 25 | 1.37× | 13.96× | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 3.90× | 29.43× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.48× | -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
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
