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BlueLinx Holdings Inc.（BXC）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BlueLinx Holdings Inc.的1.4倍（$1.0B vs $748.9M），越洋钻探净利率更高（2.4% vs 0.2%，领先2.2%），越洋钻探同比增速更快（9.6% vs 0.2%），越洋钻探自由现金流更多（$321.0M vs $52.7M），过去两年越洋钻探的营收复合增速更高（16.9% vs 2.5%）
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
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。
BXC vs RIG — 直观对比
营收规模更大
RIG
是对方的1.4倍
$748.9M
营收增速更快
RIG
高出9.3%
0.2%
净利率更高
RIG
高出2.2%
0.2%
自由现金流更多
RIG
多$268.3M
$52.7M
两年增速更快
RIG
近两年复合增速
2.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $748.9M | $1.0B |
| 净利润 | $1.7M | $25.0M |
| 毛利率 | 14.4% | 42.0% |
| 营业利润率 | 1.3% | 23.0% |
| 净利率 | 0.2% | 2.4% |
| 营收同比 | 0.2% | 9.6% |
| 净利润同比 | -89.7% | 257.1% |
| 每股收益（稀释后） | $0.20 | $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BXCRIG
| Q4 25 | — | $1.0B | ||
| Q3 25 | $748.9M | $1.0B | ||
| Q2 25 | $780.1M | $988.0M | ||
| Q1 25 | $709.2M | $906.0M | ||
| Q4 24 | $710.6M | $952.0M | ||
| Q3 24 | $747.3M | $948.0M | ||
| Q2 24 | $768.4M | $861.0M | ||
| Q1 24 | $726.2M | $763.0M |
净利润BXCRIG
| Q4 25 | — | $25.0M | ||
| Q3 25 | $1.7M | $-1.9B | ||
| Q2 25 | $4.3M | $-938.0M | ||
| Q1 25 | $2.8M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $16.0M | $-494.0M | ||
| Q2 24 | $14.3M | $-123.0M | ||
| Q1 24 | $17.5M | $98.0M |
毛利率BXCRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | 14.4% | 43.2% | ||
| Q2 25 | 15.3% | 39.4% | ||
| Q1 25 | 15.7% | 31.8% | ||
| Q4 24 | 15.9% | 39.2% | ||
| Q3 24 | 16.8% | 40.6% | ||
| Q2 24 | 15.9% | 38.0% | ||
| Q1 24 | 17.6% | 31.5% |
营业利润率BXCRIG
| Q4 25 | — | 23.0% | ||
| Q3 25 | 1.3% | -163.1% | ||
| Q2 25 | 1.9% | -97.6% | ||
| Q1 25 | 1.5% | 7.1% | ||
| Q4 24 | 1.7% | 13.7% | ||
| Q3 24 | 3.2% | -51.2% | ||
| Q2 24 | 3.1% | -6.9% | ||
| Q1 24 | 3.8% | -0.4% |
净利率BXCRIG
| Q4 25 | — | 2.4% | ||
| Q3 25 | 0.2% | -187.1% | ||
| Q2 25 | 0.6% | -94.9% | ||
| Q1 25 | 0.4% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 2.1% | -52.1% | ||
| Q2 24 | 1.9% | -14.3% | ||
| Q1 24 | 2.4% | 12.8% |
每股收益（稀释后）BXCRIG
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.20 | $-2.00 | ||
| Q2 25 | $0.54 | $-1.06 | ||
| Q1 25 | $0.33 | $-0.11 | ||
| Q4 24 | $0.67 | $-0.14 | ||
| Q3 24 | $1.87 | $-0.58 | ||
| Q2 24 | $1.65 | $-0.15 | ||
| Q1 24 | $2.00 | $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 | $429.4M | $620.0M |
| 总债务越低越好 | $598.5M | $5.2B |
| 股东权益账面价值 | $623.0M | $8.1B |
| 总资产 | $1.6B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.96× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资BXCRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | $429.4M | $833.0M | ||
| Q2 25 | $386.8M | $377.0M | ||
| Q1 25 | $449.0M | $263.0M | ||
| Q4 24 | $505.6M | $560.0M | ||
| Q3 24 | $526.3M | $435.0M | ||
| Q2 24 | $491.4M | $475.0M | ||
| Q1 24 | $481.3M | $446.0M |
总债务BXCRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | $598.5M | $4.8B | ||
| Q2 25 | $596.4M | $5.9B | ||
| Q1 25 | $596.6M | $5.9B | ||
| Q4 24 | $575.1M | $6.2B | ||
| Q3 24 | $576.0M | $6.5B | ||
| Q2 24 | $574.6M | $6.8B | ||
| Q1 24 | $574.0M | $6.8B |
股东权益BXCRIG
| Q4 25 | — | $8.1B | ||
| Q3 25 | $623.0M | $8.1B | ||
| Q2 25 | $621.3M | $9.4B | ||
| Q1 25 | $636.1M | $10.2B | ||
| Q4 24 | $646.4M | $10.3B | ||
| Q3 24 | $655.6M | $10.2B | ||
| Q2 24 | $652.3M | $10.7B | ||
| Q1 24 | $653.2M | $10.5B |
总资产BXCRIG
| Q4 25 | — | $15.6B | ||
| Q3 25 | $1.6B | $16.2B | ||
| Q2 25 | $1.6B | $17.8B | ||
| Q1 25 | $1.6B | $19.0B | ||
| Q4 24 | $1.6B | $19.4B | ||
| Q3 24 | $1.6B | $19.5B | ||
| Q2 24 | $1.6B | $20.3B | ||
| Q1 24 | $1.6B | $19.9B |
负债/权益比BXCRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | 0.96× | 0.60× | ||
| Q2 25 | 0.96× | 0.63× | ||
| Q1 25 | 0.94× | 0.58× | ||
| Q4 24 | 0.89× | 0.60× | ||
| Q3 24 | 0.88× | 0.64× | ||
| Q2 24 | 0.88× | 0.63× | ||
| Q1 24 | 0.88× | 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 | $58.6M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $52.7M | $321.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 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 | 35.42× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $-25.1M | $626.0M |
8季度趋势，按日历期对齐
经营现金流BXCRIG
| Q4 25 | — | $349.0M | ||
| Q3 25 | $58.6M | $246.0M | ||
| Q2 25 | $-26.8M | $128.0M | ||
| Q1 25 | $-33.9M | $26.0M | ||
| Q4 24 | $18.7M | $206.0M | ||
| Q3 24 | $61.8M | $194.0M | ||
| Q2 24 | $35.8M | $133.0M | ||
| Q1 24 | $-31.1M | $-86.0M |
自由现金流BXCRIG
| Q4 25 | — | $321.0M | ||
| Q3 25 | $52.7M | $235.0M | ||
| Q2 25 | $-36.4M | $104.0M | ||
| Q1 25 | $-39.8M | $-34.0M | ||
| Q4 24 | $-1.5M | $177.0M | ||
| Q3 24 | $53.8M | $136.0M | ||
| Q2 24 | $29.3M | $49.0M | ||
| Q1 24 | $-36.6M | $-169.0M |
自由现金流率BXCRIG
| Q4 25 | — | 30.8% | ||
| Q3 25 | 7.0% | 22.9% | ||
| Q2 25 | -4.7% | 10.5% | ||
| Q1 25 | -5.6% | -3.8% | ||
| Q4 24 | -0.2% | 18.6% | ||
| Q3 24 | 7.2% | 14.3% | ||
| Q2 24 | 3.8% | 5.7% | ||
| Q1 24 | -5.0% | -22.1% |
资本支出强度BXCRIG
| Q4 25 | — | 2.7% | ||
| Q3 25 | 0.8% | 1.1% | ||
| Q2 25 | 1.2% | 2.4% | ||
| Q1 25 | 0.8% | 6.6% | ||
| Q4 24 | 2.9% | 3.0% | ||
| Q3 24 | 1.1% | 6.1% | ||
| Q2 24 | 0.8% | 9.8% | ||
| Q1 24 | 0.8% | 10.9% |
现金转化率BXCRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | 35.42× | — | ||
| Q2 25 | -6.21× | — | ||
| Q1 25 | -12.09× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 3.86× | — | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | -1.78× | -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
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
