vs
Crown Castle（CCI）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Crown Castle的1.0倍（$1.0B vs $1.0B），Crown Castle净利率更高（77.2% vs 2.4%，领先74.8%），越洋钻探同比增速更快（9.6% vs -4.8%），越洋钻探自由现金流更多（$321.0M vs $-43.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -4.5%）
Crown Castle Inc.是总部位于美国得克萨斯州休斯敦的房地产投资信托企业，同时是美国共享通信基础设施服务商，在全球设有100个办事处，旗下拥有超4万座信号塔、约8.5万英里光纤线路，为小基站及光纤系统提供网络支撑。
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。
CCI vs RIG — 直观对比
营收规模更大
RIG
是对方的1.0倍
$1.0B
营收增速更快
RIG
高出14.4%
-4.8%
净利率更高
CCI
高出74.8%
2.4%
自由现金流更多
RIG
多$364.0M
$-43.0M
两年增速更快
RIG
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.0B |
| 净利润 | $780.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | — | 23.0% |
| 净利率 | 77.2% | 2.4% |
| 营收同比 | -4.8% | 9.6% |
| 净利润同比 | 76.0% | 257.1% |
| 每股收益（稀释后） | $1.80 | $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CCIRIG
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $988.0M | ||
| Q1 25 | $1.1B | $906.0M | ||
| Q4 24 | $1.1B | $952.0M | ||
| Q3 24 | $1.1B | $948.0M | ||
| Q2 24 | $1.1B | $861.0M |
净利润CCIRIG
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | $25.0M | ||
| Q3 25 | $323.0M | $-1.9B | ||
| Q2 25 | $291.0M | $-938.0M | ||
| Q1 25 | $-464.0M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $303.0M | $-494.0M | ||
| Q2 24 | $251.0M | $-123.0M |
毛利率CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 42.0% | ||
| Q3 25 | 97.2% | 43.2% | ||
| Q2 25 | 97.5% | 39.4% | ||
| Q1 25 | 97.4% | 31.8% | ||
| Q4 24 | 97.7% | 39.2% | ||
| Q3 24 | 97.6% | 40.6% | ||
| Q2 24 | 97.7% | 38.0% |
营业利润率CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | 23.0% | ||
| Q3 25 | 49.0% | -163.1% | ||
| Q2 25 | 47.7% | -97.6% | ||
| Q1 25 | 49.1% | 7.1% | ||
| Q4 24 | 51.0% | 13.7% | ||
| Q3 24 | 47.5% | -51.2% | ||
| Q2 24 | 44.7% | -6.9% |
净利率CCIRIG
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | 2.4% | ||
| Q3 25 | 30.1% | -187.1% | ||
| Q2 25 | 27.5% | -94.9% | ||
| Q1 25 | -43.7% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 27.1% | -52.1% | ||
| Q2 24 | 22.7% | -14.3% |
每股收益（稀释后）CCIRIG
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | $0.13 | ||
| Q3 25 | $0.74 | $-2.00 | ||
| Q2 25 | $0.67 | $-1.06 | ||
| Q1 25 | $-1.07 | $-0.11 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | $0.70 | $-0.58 | ||
| Q2 24 | $0.58 | $-0.15 |
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 | $55.0K | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | — | $8.1B |
| 总资产 | $31.4M | $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CCIRIG
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | $620.0M | ||
| Q3 25 | $57.0M | $833.0M | ||
| Q2 25 | $94.0M | $377.0M | ||
| Q1 25 | $60.0M | $263.0M | ||
| Q4 24 | $100.0M | $560.0M | ||
| Q3 24 | $194.0M | $435.0M | ||
| Q2 24 | $155.0M | $475.0M |
总债务CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | $5.2B | ||
| Q3 25 | $21.6B | $4.8B | ||
| Q2 25 | $22.0B | $5.9B | ||
| Q1 25 | $22.9B | $5.9B | ||
| Q4 24 | $23.5B | $6.2B | ||
| Q3 24 | $23.5B | $6.5B | ||
| Q2 24 | $22.9B | $6.8B |
股东权益CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $8.1B | ||
| Q3 25 | $-1.5B | $8.1B | ||
| Q2 25 | $-1.4B | $9.4B | ||
| Q1 25 | $-1.3B | $10.2B | ||
| Q4 24 | $-133.0M | $10.3B | ||
| Q3 24 | $5.3B | $10.2B | ||
| Q2 24 | $5.7B | $10.7B |
总资产CCIRIG
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | $15.6B | ||
| Q3 25 | $31.5B | $16.2B | ||
| Q2 25 | $31.6B | $17.8B | ||
| Q1 25 | $31.8B | $19.0B | ||
| Q4 24 | $32.7B | $19.4B | ||
| Q3 24 | $38.0B | $19.5B | ||
| Q2 24 | $38.2B | $20.3B |
负债/权益比CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | 4.43× | 0.64× | ||
| Q2 24 | 4.04× | 0.63× |
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 | — | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $321.0M |
| 自由现金流率自由现金流/营收 | -4.3% | 30.8% |
| 资本支出强度资本支出/营收 | 14.9% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $626.0M |
8季度趋势，按日历期对齐
经营现金流CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $349.0M | ||
| Q3 25 | $714.0M | $246.0M | ||
| Q2 25 | $832.0M | $128.0M | ||
| Q1 25 | $641.0M | $26.0M | ||
| Q4 24 | $2.9B | $206.0M | ||
| Q3 24 | $699.0M | $194.0M | ||
| Q2 24 | $768.0M | $133.0M |
自由现金流CCIRIG
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $321.0M | ||
| Q3 25 | $671.0M | $235.0M | ||
| Q2 25 | $792.0M | $104.0M | ||
| Q1 25 | $601.0M | $-34.0M | ||
| Q4 24 | $2.8B | $177.0M | ||
| Q3 24 | $661.0M | $136.0M | ||
| Q2 24 | $729.0M | $49.0M |
自由现金流率CCIRIG
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | 30.8% | ||
| Q3 25 | 62.6% | 22.9% | ||
| Q2 25 | 74.7% | 10.5% | ||
| Q1 25 | 56.6% | -3.8% | ||
| Q4 24 | 247.3% | 18.6% | ||
| Q3 24 | 59.0% | 14.3% | ||
| Q2 24 | 65.9% | 5.7% |
资本支出强度CCIRIG
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | 2.7% | ||
| Q3 25 | 4.0% | 1.1% | ||
| Q2 25 | 3.8% | 2.4% | ||
| Q1 25 | 3.8% | 6.6% | ||
| Q4 24 | 15.7% | 3.0% | ||
| Q3 24 | 3.4% | 6.1% | ||
| Q2 24 | 3.5% | 9.8% |
现金转化率CCIRIG
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 13.96× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 3.06× | — |
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
CCI
| Site rental | $961.0M | 95% |
| Services and other | $49.0M | 5% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
