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达美乐（DPZ）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
达美乐的季度营收约是越洋钻探的1.1倍（$1.2B vs $1.0B），达美乐净利率更高（12.2% vs 2.4%，领先9.8%），越洋钻探同比增速更快（9.6% vs 3.5%），越洋钻探自由现金流更多（$321.0M vs $147.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 2.4%）
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
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。
DPZ vs RIG — 直观对比
营收规模更大
DPZ
是对方的1.1倍
$1.0B
营收增速更快
RIG
高出6.1%
3.5%
净利率更高
DPZ
高出9.8%
2.4%
自由现金流更多
RIG
多$174.0M
$147.0M
两年增速更快
RIG
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $139.8M | $25.0M |
| 毛利率 | 40.4% | 42.0% |
| 营业利润率 | 20.0% | 23.0% |
| 净利率 | 12.2% | 2.4% |
| 营收同比 | 3.5% | 9.6% |
| 净利润同比 | -6.6% | 257.1% |
| 每股收益（稀释后） | $4.13 | $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DPZRIG
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $988.0M | ||
| Q1 25 | $1.1B | $906.0M | ||
| Q4 24 | $1.4B | $952.0M | ||
| Q3 24 | $1.1B | $948.0M | ||
| Q2 24 | $1.1B | $861.0M |
净利润DPZRIG
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $25.0M | ||
| Q3 25 | $139.3M | $-1.9B | ||
| Q2 25 | $131.1M | $-938.0M | ||
| Q1 25 | $149.7M | $-79.0M | ||
| Q4 24 | $169.4M | $7.0M | ||
| Q3 24 | $146.9M | $-494.0M | ||
| Q2 24 | $142.0M | $-123.0M |
毛利率DPZRIG
| Q1 26 | 40.4% | — | ||
| Q4 25 | — | 42.0% | ||
| Q3 25 | 40.1% | 43.2% | ||
| Q2 25 | 40.3% | 39.4% | ||
| Q1 25 | 39.8% | 31.8% | ||
| Q4 24 | 39.2% | 39.2% | ||
| Q3 24 | 39.2% | 40.6% | ||
| Q2 24 | 39.8% | 38.0% |
营业利润率DPZRIG
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | 23.0% | ||
| Q3 25 | 19.5% | -163.1% | ||
| Q2 25 | 19.7% | -97.6% | ||
| Q1 25 | 18.9% | 7.1% | ||
| Q4 24 | 19.0% | 13.7% | ||
| Q3 24 | 18.4% | -51.2% | ||
| Q2 24 | 17.9% | -6.9% |
净利率DPZRIG
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | 12.1% | -187.1% | ||
| Q2 25 | 11.4% | -94.9% | ||
| Q1 25 | 13.5% | -8.7% | ||
| Q4 24 | 11.7% | 0.7% | ||
| Q3 24 | 13.6% | -52.1% | ||
| Q2 24 | 12.9% | -14.3% |
每股收益（稀释后）DPZRIG
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $0.13 | ||
| Q3 25 | $4.08 | $-2.00 | ||
| Q2 25 | $3.81 | $-1.06 | ||
| Q1 25 | $4.33 | $-0.11 | ||
| Q4 24 | $4.89 | $-0.14 | ||
| Q3 24 | $4.19 | $-0.58 | ||
| Q2 24 | $4.03 | $-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 | $232.9M | $620.0M |
| 总债务越低越好 | $4.9B | $5.2B |
| 股东权益账面价值 | — | $8.1B |
| 总资产 | $1.8B | $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DPZRIG
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $620.0M | ||
| Q3 25 | $139.7M | $833.0M | ||
| Q2 25 | $272.9M | $377.0M | ||
| Q1 25 | $304.3M | $263.0M | ||
| Q4 24 | $186.1M | $560.0M | ||
| Q3 24 | $189.1M | $435.0M | ||
| Q2 24 | $283.7M | $475.0M |
总债务DPZRIG
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | $4.8B | $4.8B | ||
| Q2 25 | $3.8B | $5.9B | ||
| Q1 25 | $3.8B | $5.9B | ||
| Q4 24 | $3.8B | $6.2B | ||
| Q3 24 | $5.0B | $6.5B | ||
| Q2 24 | $5.0B | $6.8B |
股东权益DPZRIG
| Q1 26 | — | — | ||
| Q4 25 | — | $8.1B | ||
| Q3 25 | $-4.0B | $8.1B | ||
| Q2 25 | $-4.0B | $9.4B | ||
| Q1 25 | $-3.9B | $10.2B | ||
| Q4 24 | $-4.0B | $10.3B | ||
| Q3 24 | $-4.0B | $10.2B | ||
| Q2 24 | $-3.9B | $10.7B |
总资产DPZRIG
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $15.6B | ||
| Q3 25 | $1.7B | $16.2B | ||
| Q2 25 | $1.8B | $17.8B | ||
| Q1 25 | $1.9B | $19.0B | ||
| Q4 24 | $1.7B | $19.4B | ||
| Q3 24 | $1.8B | $19.5B | ||
| Q2 24 | $1.9B | $20.3B |
负债/权益比DPZRIG
| Q1 26 | — | — | ||
| 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× |
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 | $162.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $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 | 1.3% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.16× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $625.3M | $626.0M |
8季度趋势，按日历期对齐
经营现金流DPZRIG
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $349.0M | ||
| Q3 25 | $185.4M | $246.0M | ||
| Q2 25 | $187.8M | $128.0M | ||
| Q1 25 | $179.1M | $26.0M | ||
| Q4 24 | $178.0M | $206.0M | ||
| Q3 24 | $172.7M | $194.0M | ||
| Q2 24 | $150.7M | $133.0M |
自由现金流DPZRIG
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $321.0M | ||
| Q3 25 | $164.0M | $235.0M | ||
| Q2 25 | $167.3M | $104.0M | ||
| Q1 25 | $164.3M | $-34.0M | ||
| Q4 24 | $135.9M | $177.0M | ||
| Q3 24 | $145.6M | $136.0M | ||
| Q2 24 | $127.2M | $49.0M |
自由现金流率DPZRIG
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | 30.8% | ||
| Q3 25 | 14.3% | 22.9% | ||
| Q2 25 | 14.6% | 10.5% | ||
| Q1 25 | 14.8% | -3.8% | ||
| Q4 24 | 9.4% | 18.6% | ||
| Q3 24 | 13.5% | 14.3% | ||
| Q2 24 | 11.6% | 5.7% |
资本支出强度DPZRIG
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 1.9% | 1.1% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 1.3% | 6.6% | ||
| Q4 24 | 2.9% | 3.0% | ||
| Q3 24 | 2.5% | 6.1% | ||
| Q2 24 | 2.1% | 9.8% |
现金转化率DPZRIG
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | 13.96× | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.43× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.05× | 29.43× | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.06× | — |
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
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
