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礼蓝动物保健（ELAN）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
礼蓝动物保健的季度营收约是越洋钻探的1.1倍（$1.1B vs $1.0B），越洋钻探净利率更高（2.4% vs -24.1%，领先26.5%），礼蓝动物保健同比增速更快（12.2% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $46.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -2.6%）
礼蓝动物保健是一家美国动物保健制药企业，专注于生产宠物及家畜用药品与疫苗。该公司原为礼来公司旗下子公司，2019年完成分拆独立，目前是全球第三大动物保健企业。
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。
ELAN vs RIG — 直观对比
营收规模更大
ELAN
是对方的1.1倍
$1.0B
营收增速更快
ELAN
高出2.6%
9.6%
净利率更高
RIG
高出26.5%
-24.1%
自由现金流更多
RIG
多$275.0M
$46.0M
两年增速更快
RIG
近两年复合增速
-2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $-276.0M | $25.0M |
| 毛利率 | 51.5% | 42.0% |
| 营业利润率 | -22.6% | 23.0% |
| 净利率 | -24.1% | 2.4% |
| 营收同比 | 12.2% | 9.6% |
| 净利润同比 | -3350.0% | 257.1% |
| 每股收益（稀释后） | $-0.55 | $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ELANRIG
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.2B | $988.0M | ||
| Q1 25 | $1.2B | $906.0M | ||
| Q4 24 | $1.0B | $952.0M | ||
| Q3 24 | $1.0B | $948.0M | ||
| Q2 24 | $1.2B | $861.0M | ||
| Q1 24 | $1.2B | $763.0M |
净利润ELANRIG
| Q4 25 | $-276.0M | $25.0M | ||
| Q3 25 | $-34.0M | $-1.9B | ||
| Q2 25 | $11.0M | $-938.0M | ||
| Q1 25 | $67.0M | $-79.0M | ||
| Q4 24 | $-8.0M | $7.0M | ||
| Q3 24 | $364.0M | $-494.0M | ||
| Q2 24 | $-50.0M | $-123.0M | ||
| Q1 24 | $32.0M | $98.0M |
毛利率ELANRIG
| Q4 25 | 51.5% | 42.0% | ||
| Q3 25 | 53.4% | 43.2% | ||
| Q2 25 | 57.5% | 39.4% | ||
| Q1 25 | 57.3% | 31.8% | ||
| Q4 24 | 50.9% | 39.2% | ||
| Q3 24 | 52.2% | 40.6% | ||
| Q2 24 | 58.2% | 38.0% | ||
| Q1 24 | 57.3% | 31.5% |
营业利润率ELANRIG
| Q4 25 | -22.6% | 23.0% | ||
| Q3 25 | -4.4% | -163.1% | ||
| Q2 25 | 2.0% | -97.6% | ||
| Q1 25 | 5.0% | 7.1% | ||
| Q4 24 | -5.0% | 13.7% | ||
| Q3 24 | 54.3% | -51.2% | ||
| Q2 24 | -2.7% | -6.9% | ||
| Q1 24 | 1.0% | -0.4% |
净利率ELANRIG
| Q4 25 | -24.1% | 2.4% | ||
| Q3 25 | -3.0% | -187.1% | ||
| Q2 25 | 0.9% | -94.9% | ||
| Q1 25 | 5.6% | -8.7% | ||
| Q4 24 | -0.8% | 0.7% | ||
| Q3 24 | 35.3% | -52.1% | ||
| Q2 24 | -4.2% | -14.3% | ||
| Q1 24 | 2.7% | 12.8% |
每股收益（稀释后）ELANRIG
| Q4 25 | $-0.55 | $0.13 | ||
| Q3 25 | $-0.07 | $-2.00 | ||
| Q2 25 | $0.02 | $-1.06 | ||
| Q1 25 | $0.13 | $-0.11 | ||
| Q4 24 | $-0.01 | $-0.14 | ||
| Q3 24 | $0.73 | $-0.58 | ||
| Q2 24 | $-0.10 | $-0.15 | ||
| Q1 24 | $0.06 | $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 | $545.0M | $620.0M |
| 总债务越低越好 | $3.9B | $5.2B |
| 股东权益账面价值 | $6.5B | $8.1B |
| 总资产 | $13.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.60× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ELANRIG
| Q4 25 | $545.0M | $620.0M | ||
| Q3 25 | $505.0M | $833.0M | ||
| Q2 25 | $539.0M | $377.0M | ||
| Q1 25 | $487.0M | $263.0M | ||
| Q4 24 | $468.0M | $560.0M | ||
| Q3 24 | $490.0M | $435.0M | ||
| Q2 24 | $416.0M | $475.0M | ||
| Q1 24 | $345.0M | $446.0M |
总债务ELANRIG
| Q4 25 | $3.9B | $5.2B | ||
| Q3 25 | $4.0B | $4.8B | ||
| Q2 25 | $4.1B | $5.9B | ||
| Q1 25 | $4.4B | $5.9B | ||
| Q4 24 | $4.3B | $6.2B | ||
| Q3 24 | $4.4B | $6.5B | ||
| Q2 24 | $5.7B | $6.8B | ||
| Q1 24 | $5.8B | $6.8B |
股东权益ELANRIG
| Q4 25 | $6.5B | $8.1B | ||
| Q3 25 | $6.7B | $8.1B | ||
| Q2 25 | $6.8B | $9.4B | ||
| Q1 25 | $6.4B | $10.2B | ||
| Q4 24 | $6.1B | $10.3B | ||
| Q3 24 | $6.5B | $10.2B | ||
| Q2 24 | $5.9B | $10.7B | ||
| Q1 24 | $6.1B | $10.5B |
总资产ELANRIG
| Q4 25 | $13.4B | $15.6B | ||
| Q3 25 | $13.6B | $16.2B | ||
| Q2 25 | $13.7B | $17.8B | ||
| Q1 25 | $12.9B | $19.0B | ||
| Q4 24 | $12.6B | $19.4B | ||
| Q3 24 | $13.3B | $19.5B | ||
| Q2 24 | $13.8B | $20.3B | ||
| Q1 24 | $14.0B | $19.9B |
负债/权益比ELANRIG
| Q4 25 | 0.60× | 0.64× | ||
| Q3 25 | 0.59× | 0.60× | ||
| Q2 25 | 0.61× | 0.63× | ||
| Q1 25 | 0.69× | 0.58× | ||
| Q4 24 | 0.70× | 0.60× | ||
| Q3 24 | 0.67× | 0.64× | ||
| Q2 24 | 0.96× | 0.63× | ||
| Q1 24 | 0.95× | 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 | $108.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $46.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 4.0% | 30.8% |
| 资本支出强度资本支出/营收 | 5.4% | 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 | $284.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流ELANRIG
| Q4 25 | $108.0M | $349.0M | ||
| Q3 25 | $219.0M | $246.0M | ||
| Q2 25 | $237.0M | $128.0M | ||
| Q1 25 | $-4.0M | $26.0M | ||
| Q4 24 | $177.0M | $206.0M | ||
| Q3 24 | $162.0M | $194.0M | ||
| Q2 24 | $200.0M | $133.0M | ||
| Q1 24 | $2.0M | $-86.0M |
自由现金流ELANRIG
| Q4 25 | $46.0M | $321.0M | ||
| Q3 25 | $127.0M | $235.0M | ||
| Q2 25 | $180.0M | $104.0M | ||
| Q1 25 | $-69.0M | $-34.0M | ||
| Q4 24 | $130.0M | $177.0M | ||
| Q3 24 | $120.0M | $136.0M | ||
| Q2 24 | $166.0M | $49.0M | ||
| Q1 24 | $-22.0M | $-169.0M |
自由现金流率ELANRIG
| Q4 25 | 4.0% | 30.8% | ||
| Q3 25 | 11.2% | 22.9% | ||
| Q2 25 | 14.5% | 10.5% | ||
| Q1 25 | -5.8% | -3.8% | ||
| Q4 24 | 12.7% | 18.6% | ||
| Q3 24 | 11.7% | 14.3% | ||
| Q2 24 | 14.0% | 5.7% | ||
| Q1 24 | -1.8% | -22.1% |
资本支出强度ELANRIG
| Q4 25 | 5.4% | 2.7% | ||
| Q3 25 | 8.1% | 1.1% | ||
| Q2 25 | 4.6% | 2.4% | ||
| Q1 25 | 5.4% | 6.6% | ||
| Q4 24 | 4.6% | 3.0% | ||
| Q3 24 | 4.1% | 6.1% | ||
| Q2 24 | 2.9% | 9.8% | ||
| Q1 24 | 2.0% | 10.9% |
现金转化率ELANRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | 21.55× | — | ||
| Q1 25 | -0.06× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.06× | -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
ELAN
| Pet Health | $489.0M | 43% |
| Cattle | $296.0M | 26% |
| Poultry | $237.0M | 21% |
| Swine | $107.0M | 9% |
| Contract Manufacturing | $15.0M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
