vs
凌云逻辑（CRUS）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凌云逻辑的1.8倍（$1.0B vs $580.6M），凌云逻辑净利率更高（24.2% vs 2.4%，领先21.8%），越洋钻探同比增速更快（9.6% vs 4.5%），越洋钻探自由现金流更多（$321.0M vs $285.7M），过去两年凌云逻辑的营收复合增速更高（25.0% vs 16.9%）
凌云逻辑（Cirrus Logic）是美国无晶圆厂半导体供应商，专注于模拟、混合信号及音频数字信号处理集成电路的研发与供应，1998年起总部设立于得克萨斯州奥斯汀市，产品广泛应用于消费电子、智能音频等多个领域。
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。
CRUS vs RIG — 直观对比
营收规模更大
RIG
是对方的1.8倍
$580.6M
营收增速更快
RIG
高出5.1%
4.5%
净利率更高
CRUS
高出21.8%
2.4%
自由现金流更多
RIG
多$35.3M
$285.7M
两年增速更快
CRUS
近两年复合增速
16.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.6M | $1.0B |
| 净利润 | $140.3M | $25.0M |
| 毛利率 | 53.1% | 42.0% |
| 营业利润率 | 26.3% | 23.0% |
| 净利率 | 24.2% | 2.4% |
| 营收同比 | 4.5% | 9.6% |
| 净利润同比 | 21.0% | 257.1% |
| 每股收益（稀释后） | $2.66 | $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CRUSRIG
| Q4 25 | $580.6M | $1.0B | ||
| Q3 25 | $561.0M | $1.0B | ||
| Q2 25 | $407.3M | $988.0M | ||
| Q1 25 | $424.5M | $906.0M | ||
| Q4 24 | $555.7M | $952.0M | ||
| Q3 24 | $541.9M | $948.0M | ||
| Q2 24 | $374.0M | $861.0M | ||
| Q1 24 | $371.8M | $763.0M |
净利润CRUSRIG
| Q4 25 | $140.3M | $25.0M | ||
| Q3 25 | $131.6M | $-1.9B | ||
| Q2 25 | $60.7M | $-938.0M | ||
| Q1 25 | $71.3M | $-79.0M | ||
| Q4 24 | $116.0M | $7.0M | ||
| Q3 24 | $102.1M | $-494.0M | ||
| Q2 24 | $42.1M | $-123.0M | ||
| Q1 24 | $44.8M | $98.0M |
毛利率CRUSRIG
| Q4 25 | 53.1% | 42.0% | ||
| Q3 25 | 52.5% | 43.2% | ||
| Q2 25 | 52.6% | 39.4% | ||
| Q1 25 | 53.4% | 31.8% | ||
| Q4 24 | 53.6% | 39.2% | ||
| Q3 24 | 52.2% | 40.6% | ||
| Q2 24 | 50.5% | 38.0% | ||
| Q1 24 | 51.8% | 31.5% |
营业利润率CRUSRIG
| Q4 25 | 26.3% | 23.0% | ||
| Q3 25 | 25.8% | -163.1% | ||
| Q2 25 | 17.8% | -97.6% | ||
| Q1 25 | 20.2% | 7.1% | ||
| Q4 24 | 26.2% | 13.7% | ||
| Q3 24 | 24.3% | -51.2% | ||
| Q2 24 | 12.5% | -6.9% | ||
| Q1 24 | 14.1% | -0.4% |
净利率CRUSRIG
| Q4 25 | 24.2% | 2.4% | ||
| Q3 25 | 23.5% | -187.1% | ||
| Q2 25 | 14.9% | -94.9% | ||
| Q1 25 | 16.8% | -8.7% | ||
| Q4 24 | 20.9% | 0.7% | ||
| Q3 24 | 18.8% | -52.1% | ||
| Q2 24 | 11.3% | -14.3% | ||
| Q1 24 | 12.1% | 12.8% |
每股收益（稀释后）CRUSRIG
| Q4 25 | $2.66 | $0.13 | ||
| Q3 25 | $2.48 | $-2.00 | ||
| Q2 25 | $1.14 | $-1.06 | ||
| Q1 25 | $1.30 | $-0.11 | ||
| Q4 24 | $2.11 | $-0.14 | ||
| Q3 24 | $1.83 | $-0.58 | ||
| Q2 24 | $0.76 | $-0.15 | ||
| Q1 24 | $0.78 | $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 | $778.1M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.1B | $8.1B |
| 总资产 | $2.5B | $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CRUSRIG
| Q4 25 | $778.1M | $620.0M | ||
| Q3 25 | $593.5M | $833.0M | ||
| Q2 25 | $548.9M | $377.0M | ||
| Q1 25 | $539.6M | $263.0M | ||
| Q4 24 | $526.4M | $560.0M | ||
| Q3 24 | $445.8M | $435.0M | ||
| Q2 24 | $491.4M | $475.0M | ||
| Q1 24 | $502.8M | $446.0M |
总债务CRUSRIG
| 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CRUSRIG
| Q4 25 | $2.1B | $8.1B | ||
| Q3 25 | $2.0B | $8.1B | ||
| Q2 25 | $1.9B | $9.4B | ||
| Q1 25 | $1.9B | $10.2B | ||
| Q4 24 | $2.0B | $10.3B | ||
| Q3 24 | $1.9B | $10.2B | ||
| Q2 24 | $1.8B | $10.7B | ||
| Q1 24 | $1.8B | $10.5B |
总资产CRUSRIG
| Q4 25 | $2.5B | $15.6B | ||
| Q3 25 | $2.4B | $16.2B | ||
| Q2 25 | $2.3B | $17.8B | ||
| Q1 25 | $2.3B | $19.0B | ||
| Q4 24 | $2.4B | $19.4B | ||
| Q3 24 | $2.4B | $19.5B | ||
| Q2 24 | $2.3B | $20.3B | ||
| Q1 24 | $2.2B | $19.9B |
负债/权益比CRUSRIG
| 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 | $290.8M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $285.7M | $321.0M |
| 自由现金流率自由现金流/营收 | 49.2% | 30.8% |
| 资本支出强度资本支出/营收 | 0.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.07× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $614.5M | $626.0M |
8季度趋势，按日历期对齐
经营现金流CRUSRIG
| Q4 25 | $290.8M | $349.0M | ||
| Q3 25 | $92.2M | $246.0M | ||
| Q2 25 | $116.1M | $128.0M | ||
| Q1 25 | $130.4M | $26.0M | ||
| Q4 24 | $218.6M | $206.0M | ||
| Q3 24 | $8.2M | $194.0M | ||
| Q2 24 | $87.2M | $133.0M | ||
| Q1 24 | $170.5M | $-86.0M |
自由现金流CRUSRIG
| Q4 25 | $285.7M | $321.0M | ||
| Q3 25 | $88.3M | $235.0M | ||
| Q2 25 | $113.5M | $104.0M | ||
| Q1 25 | $127.0M | $-34.0M | ||
| Q4 24 | $211.9M | $177.0M | ||
| Q3 24 | $5.6M | $136.0M | ||
| Q2 24 | $77.2M | $49.0M | ||
| Q1 24 | $163.5M | $-169.0M |
自由现金流率CRUSRIG
| Q4 25 | 49.2% | 30.8% | ||
| Q3 25 | 15.7% | 22.9% | ||
| Q2 25 | 27.9% | 10.5% | ||
| Q1 25 | 29.9% | -3.8% | ||
| Q4 24 | 38.1% | 18.6% | ||
| Q3 24 | 1.0% | 14.3% | ||
| Q2 24 | 20.6% | 5.7% | ||
| Q1 24 | 44.0% | -22.1% |
资本支出强度CRUSRIG
| Q4 25 | 0.9% | 2.7% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 0.8% | 6.6% | ||
| Q4 24 | 1.2% | 3.0% | ||
| Q3 24 | 0.5% | 6.1% | ||
| Q2 24 | 2.7% | 9.8% | ||
| Q1 24 | 1.9% | 10.9% |
现金转化率CRUSRIG
| Q4 25 | 2.07× | 13.96× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.88× | 29.43× | ||
| Q3 24 | 0.08× | — | ||
| Q2 24 | 2.07× | — | ||
| Q1 24 | 3.80× | -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
CRUS
| Audio Products Segment | $344.5M | 59% |
| High Performance Mixed Signal Products | $236.2M | 41% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
