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CLEAN HARBORS INC（CLH）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
CLEAN HARBORS INC的季度营收约是越洋钻探的1.4倍（$1.5B vs $1.0B），CLEAN HARBORS INC净利率更高（5.8% vs 2.4%，领先3.4%），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 $233.3M），过去两年越洋钻探的营收复合增速更高（16.9% vs 4.4%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
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。
CLH vs RIG — 直观对比
营收规模更大
CLH
是对方的1.4倍
$1.0B
营收增速更快
RIG
高出4.8%
4.8%
净利率更高
CLH
高出3.4%
2.4%
自由现金流更多
RIG
多$87.7M
$233.3M
两年增速更快
RIG
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $86.6M | $25.0M |
| 毛利率 | 30.6% | 42.0% |
| 营业利润率 | 10.6% | 23.0% |
| 净利率 | 5.8% | 2.4% |
| 营收同比 | 4.8% | 9.6% |
| 净利润同比 | 3.1% | 257.1% |
| 每股收益（稀释后） | $1.62 | $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CLHRIG
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $988.0M | ||
| Q1 25 | $1.4B | $906.0M | ||
| Q4 24 | $1.4B | $952.0M | ||
| Q3 24 | $1.5B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M | ||
| Q1 24 | $1.4B | $763.0M |
净利润CLHRIG
| Q4 25 | $86.6M | $25.0M | ||
| Q3 25 | $118.8M | $-1.9B | ||
| Q2 25 | $126.9M | $-938.0M | ||
| Q1 25 | $58.7M | $-79.0M | ||
| Q4 24 | $84.0M | $7.0M | ||
| Q3 24 | $115.2M | $-494.0M | ||
| Q2 24 | $133.3M | $-123.0M | ||
| Q1 24 | $69.8M | $98.0M |
毛利率CLHRIG
| Q4 25 | 30.6% | 42.0% | ||
| Q3 25 | 32.3% | 43.2% | ||
| Q2 25 | 33.3% | 39.4% | ||
| Q1 25 | 28.6% | 31.8% | ||
| Q4 24 | 29.9% | 39.2% | ||
| Q3 24 | 31.0% | 40.6% | ||
| Q2 24 | 33.3% | 38.0% | ||
| Q1 24 | 29.5% | 31.5% |
营业利润率CLHRIG
| Q4 25 | 10.6% | 23.0% | ||
| Q3 25 | 12.5% | -163.1% | ||
| Q2 25 | 13.6% | -97.6% | ||
| Q1 25 | 7.8% | 7.1% | ||
| Q4 24 | 9.6% | 13.7% | ||
| Q3 24 | 12.6% | -51.2% | ||
| Q2 24 | 13.9% | -6.9% | ||
| Q1 24 | 9.1% | -0.4% |
净利率CLHRIG
| Q4 25 | 5.8% | 2.4% | ||
| Q3 25 | 7.7% | -187.1% | ||
| Q2 25 | 8.2% | -94.9% | ||
| Q1 25 | 4.1% | -8.7% | ||
| Q4 24 | 5.9% | 0.7% | ||
| Q3 24 | 7.5% | -52.1% | ||
| Q2 24 | 8.6% | -14.3% | ||
| Q1 24 | 5.1% | 12.8% |
每股收益（稀释后）CLHRIG
| Q4 25 | $1.62 | $0.13 | ||
| Q3 25 | $2.21 | $-2.00 | ||
| Q2 25 | $2.36 | $-1.06 | ||
| Q1 25 | $1.09 | $-0.11 | ||
| Q4 24 | $1.55 | $-0.14 | ||
| Q3 24 | $2.12 | $-0.58 | ||
| Q2 24 | $2.46 | $-0.15 | ||
| Q1 24 | $1.29 | $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 | $127.4M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.7B | $8.1B |
| 总资产 | $7.6B | $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CLHRIG
| Q4 25 | $127.4M | $620.0M | ||
| Q3 25 | $91.2M | $833.0M | ||
| Q2 25 | $98.9M | $377.0M | ||
| Q1 25 | $105.9M | $263.0M | ||
| Q4 24 | $102.6M | $560.0M | ||
| Q3 24 | $82.4M | $435.0M | ||
| Q2 24 | $91.3M | $475.0M | ||
| Q1 24 | $104.8M | $446.0M |
总债务CLHRIG
| 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CLHRIG
| Q4 25 | $2.7B | $8.1B | ||
| Q3 25 | $2.8B | $8.1B | ||
| Q2 25 | $2.7B | $9.4B | ||
| Q1 25 | $2.6B | $10.2B | ||
| Q4 24 | $2.6B | $10.3B | ||
| Q3 24 | $2.5B | $10.2B | ||
| Q2 24 | $2.4B | $10.7B | ||
| Q1 24 | $2.3B | $10.5B |
总资产CLHRIG
| Q4 25 | $7.6B | $15.6B | ||
| Q3 25 | $7.5B | $16.2B | ||
| Q2 25 | $7.4B | $17.8B | ||
| Q1 25 | $7.2B | $19.0B | ||
| Q4 24 | $7.4B | $19.4B | ||
| Q3 24 | $7.3B | $19.5B | ||
| Q2 24 | $7.1B | $20.3B | ||
| Q1 24 | $6.9B | $19.9B |
负债/权益比CLHRIG
| 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 | $355.1M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $233.3M | $321.0M |
| 自由现金流率自由现金流/营收 | 15.6% | 30.8% |
| 资本支出强度资本支出/营收 | 8.1% | 2.7% |
| 现金转化率经营现金流/净利润 | 4.10× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $441.8M | $626.0M |
8季度趋势，按日历期对齐
经营现金流CLHRIG
| Q4 25 | $355.1M | $349.0M | ||
| Q3 25 | $302.0M | $246.0M | ||
| Q2 25 | $208.0M | $128.0M | ||
| Q1 25 | $1.6M | $26.0M | ||
| Q4 24 | $303.9M | $206.0M | ||
| Q3 24 | $239.2M | $194.0M | ||
| Q2 24 | $216.0M | $133.0M | ||
| Q1 24 | $18.5M | $-86.0M |
自由现金流CLHRIG
| Q4 25 | $233.3M | $321.0M | ||
| Q3 25 | $207.5M | $235.0M | ||
| Q2 25 | $118.0M | $104.0M | ||
| Q1 25 | $-117.1M | $-34.0M | ||
| Q4 24 | $241.5M | $177.0M | ||
| Q3 24 | $142.4M | $136.0M | ||
| Q2 24 | $80.9M | $49.0M | ||
| Q1 24 | $-119.4M | $-169.0M |
自由现金流率CLHRIG
| Q4 25 | 15.6% | 30.8% | ||
| Q3 25 | 13.4% | 22.9% | ||
| Q2 25 | 7.6% | 10.5% | ||
| Q1 25 | -8.2% | -3.8% | ||
| Q4 24 | 16.9% | 18.6% | ||
| Q3 24 | 9.3% | 14.3% | ||
| Q2 24 | 5.2% | 5.7% | ||
| Q1 24 | -8.7% | -22.1% |
资本支出强度CLHRIG
| Q4 25 | 8.1% | 2.7% | ||
| Q3 25 | 6.1% | 1.1% | ||
| Q2 25 | 5.8% | 2.4% | ||
| Q1 25 | 8.3% | 6.6% | ||
| Q4 24 | 4.4% | 3.0% | ||
| Q3 24 | 6.3% | 6.1% | ||
| Q2 24 | 8.7% | 9.8% | ||
| Q1 24 | 10.0% | 10.9% |
现金转化率CLHRIG
| Q4 25 | 4.10× | 13.96× | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 3.62× | 29.43× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.27× | -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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
