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COHERENT CORP.（COHR）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
COHERENT CORP.的季度营收约是越洋钻探的1.6倍（$1.7B vs $1.0B），COHERENT CORP.净利率更高（8.7% vs 2.4%，领先6.3%），COHERENT CORP.同比增速更快（17.5% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $-95.7M），过去两年COHERENT CORP.的营收复合增速更高（18.1% vs 16.9%）
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
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。
COHR vs RIG — 直观对比
营收规模更大
COHR
是对方的1.6倍
$1.0B
营收增速更快
COHR
高出7.9%
9.6%
净利率更高
COHR
高出6.3%
2.4%
自由现金流更多
RIG
多$416.7M
$-95.7M
两年增速更快
COHR
近两年复合增速
16.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | $146.7M | $25.0M |
| 毛利率 | 36.9% | 42.0% |
| 营业利润率 | 10.0% | 23.0% |
| 净利率 | 8.7% | 2.4% |
| 营收同比 | 17.5% | 9.6% |
| 净利润同比 | 41.9% | 257.1% |
| 每股收益（稀释后） | $0.76 | $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COHRRIG
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.5B | $988.0M | ||
| Q1 25 | $1.5B | $906.0M | ||
| Q4 24 | $1.4B | $952.0M | ||
| Q3 24 | $1.3B | $948.0M | ||
| Q2 24 | $1.3B | $861.0M | ||
| Q1 24 | $1.2B | $763.0M |
净利润COHRRIG
| Q4 25 | $146.7M | $25.0M | ||
| Q3 25 | $226.3M | $-1.9B | ||
| Q2 25 | $-95.6M | $-938.0M | ||
| Q1 25 | $15.7M | $-79.0M | ||
| Q4 24 | $103.4M | $7.0M | ||
| Q3 24 | $25.9M | $-494.0M | ||
| Q2 24 | $-48.4M | $-123.0M | ||
| Q1 24 | $-13.2M | $98.0M |
毛利率COHRRIG
| Q4 25 | 36.9% | 42.0% | ||
| Q3 25 | 36.6% | 43.2% | ||
| Q2 25 | 35.7% | 39.4% | ||
| Q1 25 | 35.2% | 31.8% | ||
| Q4 24 | 35.5% | 39.2% | ||
| Q3 24 | 34.1% | 40.6% | ||
| Q2 24 | 32.9% | 38.0% | ||
| Q1 24 | 30.3% | 31.5% |
营业利润率COHRRIG
| Q4 25 | 10.0% | 23.0% | ||
| Q3 25 | 13.7% | -163.1% | ||
| Q2 25 | -4.1% | -97.6% | ||
| Q1 25 | 0.7% | 7.1% | ||
| Q4 24 | 9.0% | 13.7% | ||
| Q3 24 | 1.4% | -51.2% | ||
| Q2 24 | 4.8% | -6.9% | ||
| Q1 24 | 1.8% | -0.4% |
净利率COHRRIG
| Q4 25 | 8.7% | 2.4% | ||
| Q3 25 | 14.3% | -187.1% | ||
| Q2 25 | -6.3% | -94.9% | ||
| Q1 25 | 1.0% | -8.7% | ||
| Q4 24 | 7.2% | 0.7% | ||
| Q3 24 | 1.9% | -52.1% | ||
| Q2 24 | -3.7% | -14.3% | ||
| Q1 24 | -1.1% | 12.8% |
每股收益（稀释后）COHRRIG
| Q4 25 | $0.76 | $0.13 | ||
| Q3 25 | $1.19 | $-2.00 | ||
| Q2 25 | $-0.81 | $-1.06 | ||
| Q1 25 | $-0.11 | $-0.11 | ||
| Q4 24 | $0.44 | $-0.14 | ||
| Q3 24 | $-0.04 | $-0.58 | ||
| Q2 24 | $-0.52 | $-0.15 | ||
| Q1 24 | $-0.29 | $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 | $863.7M | $620.0M |
| 总债务越低越好 | $3.4B | $5.2B |
| 股东权益账面价值 | $8.5B | $8.1B |
| 总资产 | $15.1B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资COHRRIG
| Q4 25 | $863.7M | $620.0M | ||
| Q3 25 | $852.8M | $833.0M | ||
| Q2 25 | $909.2M | $377.0M | ||
| Q1 25 | $890.3M | $263.0M | ||
| Q4 24 | $917.8M | $560.0M | ||
| Q3 24 | $1.0B | $435.0M | ||
| Q2 24 | $926.0M | $475.0M | ||
| Q1 24 | $898.6M | $446.0M |
总债务COHRRIG
| Q4 25 | $3.4B | $5.2B | ||
| Q3 25 | $3.3B | $4.8B | ||
| Q2 25 | $3.7B | $5.9B | ||
| Q1 25 | $3.7B | $5.9B | ||
| Q4 24 | $3.9B | $6.2B | ||
| Q3 24 | $4.0B | $6.5B | ||
| Q2 24 | $4.1B | $6.8B | ||
| Q1 24 | $4.2B | $6.8B |
股东权益COHRRIG
| Q4 25 | $8.5B | $8.1B | ||
| Q3 25 | $5.8B | $8.1B | ||
| Q2 25 | $5.6B | $9.4B | ||
| Q1 25 | $5.4B | $10.2B | ||
| Q4 24 | $5.2B | $10.3B | ||
| Q3 24 | $5.5B | $10.2B | ||
| Q2 24 | $5.2B | $10.7B | ||
| Q1 24 | $5.3B | $10.5B |
总资产COHRRIG
| Q4 25 | $15.1B | $15.6B | ||
| Q3 25 | $14.7B | $16.2B | ||
| Q2 25 | $14.9B | $17.8B | ||
| Q1 25 | $14.4B | $19.0B | ||
| Q4 24 | $14.2B | $19.4B | ||
| Q3 24 | $14.7B | $19.5B | ||
| Q2 24 | $14.5B | $20.3B | ||
| Q1 24 | $14.5B | $19.9B |
负债/权益比COHRRIG
| Q4 25 | 0.39× | 0.64× | ||
| Q3 25 | 0.57× | 0.60× | ||
| Q2 25 | 0.65× | 0.63× | ||
| Q1 25 | 0.70× | 0.58× | ||
| Q4 24 | 0.75× | 0.60× | ||
| Q3 24 | 0.73× | 0.64× | ||
| Q2 24 | 0.79× | 0.63× | ||
| Q1 24 | 0.78× | 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 | $57.9M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $-95.7M | $321.0M |
| 自由现金流率自由现金流/营收 | -5.7% | 30.8% |
| 资本支出强度资本支出/营收 | 9.1% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.39× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $-103.6M | $626.0M |
8季度趋势，按日历期对齐
经营现金流COHRRIG
| Q4 25 | $57.9M | $349.0M | ||
| Q3 25 | $46.0M | $246.0M | ||
| Q2 25 | $130.3M | $128.0M | ||
| Q1 25 | $163.0M | $26.0M | ||
| Q4 24 | $187.4M | $206.0M | ||
| Q3 24 | $153.0M | $194.0M | ||
| Q2 24 | $162.3M | $133.0M | ||
| Q1 24 | $117.4M | $-86.0M |
自由现金流COHRRIG
| Q4 25 | $-95.7M | $321.0M | ||
| Q3 25 | $-58.0M | $235.0M | ||
| Q2 25 | $-1.1M | $104.0M | ||
| Q1 25 | $51.1M | $-34.0M | ||
| Q4 24 | $81.7M | $177.0M | ||
| Q3 24 | $61.0M | $136.0M | ||
| Q2 24 | $62.4M | $49.0M | ||
| Q1 24 | $24.2M | $-169.0M |
自由现金流率COHRRIG
| Q4 25 | -5.7% | 30.8% | ||
| Q3 25 | -3.7% | 22.9% | ||
| Q2 25 | -0.1% | 10.5% | ||
| Q1 25 | 3.4% | -3.8% | ||
| Q4 24 | 5.7% | 18.6% | ||
| Q3 24 | 4.5% | 14.3% | ||
| Q2 24 | 4.7% | 5.7% | ||
| Q1 24 | 2.0% | -22.1% |
资本支出强度COHRRIG
| Q4 25 | 9.1% | 2.7% | ||
| Q3 25 | 6.6% | 1.1% | ||
| Q2 25 | 8.6% | 2.4% | ||
| Q1 25 | 7.5% | 6.6% | ||
| Q4 24 | 7.4% | 3.0% | ||
| Q3 24 | 6.8% | 6.1% | ||
| Q2 24 | 7.6% | 9.8% | ||
| Q1 24 | 7.7% | 10.9% |
现金转化率COHRRIG
| Q4 25 | 0.39× | 13.96× | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 10.37× | — | ||
| Q4 24 | 1.81× | 29.43× | ||
| Q3 24 | 5.91× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -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
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
