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CASELLA WASTE SYSTEMS INC（CWST）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CASELLA WASTE SYSTEMS INC的1.9倍（$1.0B vs $557.2M），越洋钻探净利率更高（2.4% vs -1.0%，领先3.4%），CASELLA WASTE SYSTEMS INC同比增速更快（9.6% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $30.7M），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 16.9%）
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
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。
CWST vs RIG — 直观对比
营收规模更大
RIG
是对方的1.9倍
$557.2M
营收增速更快
CWST
高出0.1%
9.6%
净利率更高
RIG
高出3.4%
-1.0%
自由现金流更多
RIG
多$290.3M
$30.7M
两年增速更快
CWST
近两年复合增速
16.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $557.2M | $1.0B |
| 净利润 | $-5.5M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 0.9% | 23.0% |
| 净利率 | -1.0% | 2.4% |
| 营收同比 | 9.6% | 9.6% |
| 净利润同比 | -15.2% | 257.1% |
| 每股收益（稀释后） | $-0.09 | $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CWSTRIG
| Q1 26 | $557.2M | — | ||
| Q4 25 | $469.1M | $1.0B | ||
| Q3 25 | $485.4M | $1.0B | ||
| Q2 25 | $465.3M | $988.0M | ||
| Q1 25 | $417.1M | $906.0M | ||
| Q4 24 | $427.5M | $952.0M | ||
| Q3 24 | $411.6M | $948.0M | ||
| Q2 24 | $377.2M | $861.0M |
净利润CWSTRIG
| Q1 26 | $-5.5M | — | ||
| Q4 25 | $-2.5M | $25.0M | ||
| Q3 25 | $10.0M | $-1.9B | ||
| Q2 25 | $5.2M | $-938.0M | ||
| Q1 25 | $-4.8M | $-79.0M | ||
| Q4 24 | $4.9M | $7.0M | ||
| Q3 24 | $5.8M | $-494.0M | ||
| Q2 24 | $7.0M | $-123.0M |
毛利率CWSTRIG
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 42.0% | ||
| Q3 25 | 35.0% | 43.2% | ||
| Q2 25 | 33.8% | 39.4% | ||
| Q1 25 | 32.8% | 31.8% | ||
| Q4 24 | 33.2% | 39.2% | ||
| Q3 24 | 35.1% | 40.6% | ||
| Q2 24 | 35.4% | 38.0% |
营业利润率CWSTRIG
| Q1 26 | 0.9% | — | ||
| Q4 25 | 2.5% | 23.0% | ||
| Q3 25 | 6.1% | -163.1% | ||
| Q2 25 | 4.1% | -97.6% | ||
| Q1 25 | 0.8% | 7.1% | ||
| Q4 24 | 4.3% | 13.7% | ||
| Q3 24 | 5.9% | -51.2% | ||
| Q2 24 | 6.1% | -6.9% |
净利率CWSTRIG
| Q1 26 | -1.0% | — | ||
| Q4 25 | -0.5% | 2.4% | ||
| Q3 25 | 2.1% | -187.1% | ||
| Q2 25 | 1.1% | -94.9% | ||
| Q1 25 | -1.2% | -8.7% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 1.4% | -52.1% | ||
| Q2 24 | 1.9% | -14.3% |
每股收益（稀释后）CWSTRIG
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $-0.04 | $0.13 | ||
| Q3 25 | $0.16 | $-2.00 | ||
| Q2 25 | $0.08 | $-1.06 | ||
| Q1 25 | $-0.08 | $-0.11 | ||
| Q4 24 | $0.08 | $-0.14 | ||
| Q3 24 | $0.10 | $-0.58 | ||
| Q2 24 | $0.12 | $-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 | $126.9M | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $1.6B | $8.1B |
| 总资产 | $3.3B | $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CWSTRIG
| Q1 26 | $126.9M | — | ||
| Q4 25 | $123.8M | $620.0M | ||
| Q3 25 | $192.7M | $833.0M | ||
| Q2 25 | $217.8M | $377.0M | ||
| Q1 25 | $267.7M | $263.0M | ||
| Q4 24 | $358.3M | $560.0M | ||
| Q3 24 | $519.0M | $435.0M | ||
| Q2 24 | $208.5M | $475.0M |
总债务CWSTRIG
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.1B | $4.8B | ||
| Q2 25 | $1.1B | $5.9B | ||
| Q1 25 | $1.1B | $5.9B | ||
| Q4 24 | $1.1B | $6.2B | ||
| Q3 24 | $1.0B | $6.5B | ||
| Q2 24 | $976.6M | $6.8B |
股东权益CWSTRIG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $8.1B | ||
| Q3 25 | $1.6B | $8.1B | ||
| Q2 25 | $1.6B | $9.4B | ||
| Q1 25 | $1.5B | $10.2B | ||
| Q4 24 | $1.6B | $10.3B | ||
| Q3 24 | $1.5B | $10.2B | ||
| Q2 24 | $1.0B | $10.7B |
总资产CWSTRIG
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $15.6B | ||
| Q3 25 | $3.3B | $16.2B | ||
| Q2 25 | $3.3B | $17.8B | ||
| Q1 25 | $3.2B | $19.0B | ||
| Q4 24 | $3.2B | $19.4B | ||
| Q3 24 | $3.1B | $19.5B | ||
| Q2 24 | $2.5B | $20.3B |
负债/权益比CWSTRIG
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 0.64× | ||
| Q3 25 | 0.72× | 0.60× | ||
| Q2 25 | 0.72× | 0.63× | ||
| Q1 25 | 0.72× | 0.58× | ||
| Q4 24 | 0.70× | 0.60× | ||
| Q3 24 | 0.68× | 0.64× | ||
| Q2 24 | 0.94× | 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 | $62.3M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | $321.0M |
| 自由现金流率自由现金流/营收 | 5.5% | 30.8% |
| 资本支出强度资本支出/营收 | 9.0% | 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 | $120.7M | $626.0M |
8季度趋势，按日历期对齐
经营现金流CWSTRIG
| Q1 26 | $62.3M | — | ||
| Q4 25 | $96.6M | $349.0M | ||
| Q3 25 | $93.6M | $246.0M | ||
| Q2 25 | $89.5M | $128.0M | ||
| Q1 25 | $50.1M | $26.0M | ||
| Q4 24 | $109.8M | $206.0M | ||
| Q3 24 | $91.8M | $194.0M | ||
| Q2 24 | $72.1M | $133.0M |
自由现金流CWSTRIG
| Q1 26 | $30.7M | — | ||
| Q4 25 | $39.3M | $321.0M | ||
| Q3 25 | $27.6M | $235.0M | ||
| Q2 25 | $23.1M | $104.0M | ||
| Q1 25 | $-5.4M | $-34.0M | ||
| Q4 24 | $32.9M | $177.0M | ||
| Q3 24 | $40.4M | $136.0M | ||
| Q2 24 | $27.5M | $49.0M |
自由现金流率CWSTRIG
| Q1 26 | 5.5% | — | ||
| Q4 25 | 8.4% | 30.8% | ||
| Q3 25 | 5.7% | 22.9% | ||
| Q2 25 | 5.0% | 10.5% | ||
| Q1 25 | -1.3% | -3.8% | ||
| Q4 24 | 7.7% | 18.6% | ||
| Q3 24 | 9.8% | 14.3% | ||
| Q2 24 | 7.3% | 5.7% |
资本支出强度CWSTRIG
| Q1 26 | 9.0% | — | ||
| Q4 25 | 12.2% | 2.7% | ||
| Q3 25 | 13.6% | 1.1% | ||
| Q2 25 | 14.3% | 2.4% | ||
| Q1 25 | 13.3% | 6.6% | ||
| Q4 24 | 18.0% | 3.0% | ||
| Q3 24 | 12.5% | 6.1% | ||
| Q2 24 | 11.8% | 9.8% |
现金转化率CWSTRIG
| Q1 26 | — | — | ||
| Q4 25 | — | 13.96× | ||
| Q3 25 | 9.37× | — | ||
| Q2 25 | 17.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.51× | 29.43× | ||
| Q3 24 | 15.91× | — | ||
| Q2 24 | 10.29× | — |
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
CWST
| Collection | $334.8M | 60% |
| Transfer station | $65.9M | 12% |
| Processing (ii) | $49.0M | 9% |
| Landfill | $48.0M | 9% |
| National Accounts (ii) | $45.6M | 8% |
| Transportation | $8.2M | 1% |
| Landfill gas-to-energy | $2.9M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
