vs
Core & Main, Inc.（CNM）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
Core & Main, Inc.的季度营收约是越洋钻探的2.0倍（$2.1B vs $1.0B），Core & Main, Inc.净利率更高（6.6% vs 2.4%，领先4.2%），越洋钻探同比增速更快（9.6% vs 0.0%），越洋钻探自由现金流更多（$321.0M vs $263.0M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs 16.9%）
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
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。
CNM vs RIG — 直观对比
营收规模更大
CNM
是对方的2.0倍
$1.0B
营收增速更快
RIG
高出9.6%
0.0%
净利率更高
CNM
高出4.2%
2.4%
自由现金流更多
RIG
多$58.0M
$263.0M
两年增速更快
CNM
近两年复合增速
16.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.0B |
| 净利润 | $137.0M | $25.0M |
| 毛利率 | 27.2% | 42.0% |
| 营业利润率 | 10.7% | 23.0% |
| 净利率 | 6.6% | 2.4% |
| 营收同比 | 0.0% | 9.6% |
| 净利润同比 | 0.0% | 257.1% |
| 每股收益（稀释后） | $0.72 | $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CNMRIG
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.1B | $1.0B | ||
| Q2 25 | $1.9B | $988.0M | ||
| Q1 25 | $1.7B | $906.0M | ||
| Q4 24 | $2.0B | $952.0M | ||
| Q3 24 | $2.0B | $948.0M | ||
| Q2 24 | $1.7B | $861.0M | ||
| Q1 24 | $1.4B | $763.0M |
净利润CNMRIG
| Q4 25 | $137.0M | $25.0M | ||
| Q3 25 | $134.0M | $-1.9B | ||
| Q2 25 | $100.0M | $-938.0M | ||
| Q1 25 | $64.0M | $-79.0M | ||
| Q4 24 | $133.0M | $7.0M | ||
| Q3 24 | $119.0M | $-494.0M | ||
| Q2 24 | $95.0M | $-123.0M | ||
| Q1 24 | $63.0M | $98.0M |
毛利率CNMRIG
| Q4 25 | 27.2% | 42.0% | ||
| Q3 25 | 26.8% | 43.2% | ||
| Q2 25 | 26.7% | 39.4% | ||
| Q1 25 | 26.6% | 31.8% | ||
| Q4 24 | 26.6% | 39.2% | ||
| Q3 24 | 26.4% | 40.6% | ||
| Q2 24 | 26.9% | 38.0% | ||
| Q1 24 | 26.7% | 31.5% |
营业利润率CNMRIG
| Q4 25 | 10.7% | 23.0% | ||
| Q3 25 | 10.2% | -163.1% | ||
| Q2 25 | 8.9% | -97.6% | ||
| Q1 25 | 7.3% | 7.1% | ||
| Q4 24 | 10.9% | 13.7% | ||
| Q3 24 | 10.4% | -51.2% | ||
| Q2 24 | 9.6% | -6.9% | ||
| Q1 24 | 8.1% | -0.4% |
净利率CNMRIG
| Q4 25 | 6.6% | 2.4% | ||
| Q3 25 | 6.4% | -187.1% | ||
| Q2 25 | 5.2% | -94.9% | ||
| Q1 25 | 3.8% | -8.7% | ||
| Q4 24 | 6.5% | 0.7% | ||
| Q3 24 | 6.1% | -52.1% | ||
| Q2 24 | 5.5% | -14.3% | ||
| Q1 24 | 4.4% | 12.8% |
每股收益（稀释后）CNMRIG
| Q4 25 | $0.72 | $0.13 | ||
| Q3 25 | $0.70 | $-2.00 | ||
| Q2 25 | $0.52 | $-1.06 | ||
| Q1 25 | $0.34 | $-0.11 | ||
| Q4 24 | $0.69 | $-0.14 | ||
| Q3 24 | $0.61 | $-0.58 | ||
| Q2 24 | $0.49 | $-0.15 | ||
| Q1 24 | $0.34 | $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 | $89.0M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.0B | $8.1B |
| 总资产 | $6.3B | $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CNMRIG
| Q4 25 | $89.0M | $620.0M | ||
| Q3 25 | $25.0M | $833.0M | ||
| Q2 25 | $8.0M | $377.0M | ||
| Q1 25 | $8.0M | $263.0M | ||
| Q4 24 | $10.0M | $560.0M | ||
| Q3 24 | $13.0M | $435.0M | ||
| Q2 24 | $30.0M | $475.0M | ||
| Q1 24 | $1.0M | $446.0M |
总债务CNMRIG
| 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CNMRIG
| Q4 25 | $2.0B | $8.1B | ||
| Q3 25 | $1.9B | $8.1B | ||
| Q2 25 | $1.7B | $9.4B | ||
| Q1 25 | $1.7B | $10.2B | ||
| Q4 24 | $1.7B | $10.3B | ||
| Q3 24 | $1.6B | $10.2B | ||
| Q2 24 | $1.6B | $10.7B | ||
| Q1 24 | $1.5B | $10.5B |
总资产CNMRIG
| Q4 25 | $6.3B | $15.6B | ||
| Q3 25 | $6.3B | $16.2B | ||
| Q2 25 | $6.3B | $17.8B | ||
| Q1 25 | $5.9B | $19.0B | ||
| Q4 24 | $6.2B | $19.4B | ||
| Q3 24 | $6.1B | $19.5B | ||
| Q2 24 | $6.0B | $20.3B | ||
| Q1 24 | $5.1B | $19.9B |
负债/权益比CNMRIG
| 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 | $271.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 12.8% | 30.8% |
| 资本支出强度资本支出/营收 | 0.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流CNMRIG
| Q4 25 | $271.0M | $349.0M | ||
| Q3 25 | $34.0M | $246.0M | ||
| Q2 25 | $77.0M | $128.0M | ||
| Q1 25 | $235.0M | $26.0M | ||
| Q4 24 | $260.0M | $206.0M | ||
| Q3 24 | $48.0M | $194.0M | ||
| Q2 24 | $78.0M | $133.0M | ||
| Q1 24 | $294.0M | $-86.0M |
自由现金流CNMRIG
| Q4 25 | $263.0M | $321.0M | ||
| Q3 25 | $24.0M | $235.0M | ||
| Q2 25 | $64.0M | $104.0M | ||
| Q1 25 | $224.0M | $-34.0M | ||
| Q4 24 | $252.0M | $177.0M | ||
| Q3 24 | $39.0M | $136.0M | ||
| Q2 24 | $71.0M | $49.0M | ||
| Q1 24 | $289.0M | $-169.0M |
自由现金流率CNMRIG
| Q4 25 | 12.8% | 30.8% | ||
| Q3 25 | 1.1% | 22.9% | ||
| Q2 25 | 3.3% | 10.5% | ||
| Q1 25 | 13.2% | -3.8% | ||
| Q4 24 | 12.4% | 18.6% | ||
| Q3 24 | 2.0% | 14.3% | ||
| Q2 24 | 4.1% | 5.7% | ||
| Q1 24 | 20.1% | -22.1% |
资本支出强度CNMRIG
| Q4 25 | 0.4% | 2.7% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 0.6% | 6.6% | ||
| Q4 24 | 0.4% | 3.0% | ||
| Q3 24 | 0.5% | 6.1% | ||
| Q2 24 | 0.4% | 9.8% | ||
| Q1 24 | 0.3% | 10.9% |
现金转化率CNMRIG
| Q4 25 | 1.98× | 13.96× | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.95× | 29.43× | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.82× | — | ||
| Q1 24 | 4.67× | -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
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
