vs
Fastenal（FAST）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
Fastenal的季度营收约是越洋钻探的1.9倍（$2.0B vs $1.0B），Fastenal净利率更高（14.5% vs 2.4%，领先12.1%），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 $308.2M），过去两年越洋钻探的营收复合增速更高（16.9% vs 2.9%）
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
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。
FAST vs RIG — 直观对比
营收规模更大
FAST
是对方的1.9倍
$1.0B
营收增速更快
RIG
高出6.1%
3.5%
净利率更高
FAST
高出12.1%
2.4%
自由现金流更多
RIG
多$12.8M
$308.2M
两年增速更快
RIG
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.0B |
| 净利润 | $293.9M | $25.0M |
| 毛利率 | 44.3% | 42.0% |
| 营业利润率 | 18.9% | 23.0% |
| 净利率 | 14.5% | 2.4% |
| 营收同比 | 3.5% | 9.6% |
| 净利润同比 | -1.6% | 257.1% |
| 每股收益（稀释后） | $-0.01 | $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FASTRIG
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $2.1B | $1.0B | ||
| Q2 25 | $2.1B | $988.0M | ||
| Q1 25 | $2.0B | $906.0M | ||
| Q4 24 | $1.8B | $952.0M | ||
| Q3 24 | $1.9B | $948.0M | ||
| Q2 24 | $1.9B | $861.0M |
净利润FASTRIG
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $25.0M | ||
| Q3 25 | $335.5M | $-1.9B | ||
| Q2 25 | $330.3M | $-938.0M | ||
| Q1 25 | $298.7M | $-79.0M | ||
| Q4 24 | $262.1M | $7.0M | ||
| Q3 24 | $298.1M | $-494.0M | ||
| Q2 24 | $292.7M | $-123.0M |
毛利率FASTRIG
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 42.0% | ||
| Q3 25 | 45.3% | 43.2% | ||
| Q2 25 | 45.3% | 39.4% | ||
| Q1 25 | 45.1% | 31.8% | ||
| Q4 24 | 44.8% | 39.2% | ||
| Q3 24 | 44.9% | 40.6% | ||
| Q2 24 | 45.1% | 38.0% |
营业利润率FASTRIG
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 23.0% | ||
| Q3 25 | 20.7% | -163.1% | ||
| Q2 25 | 21.0% | -97.6% | ||
| Q1 25 | 20.1% | 7.1% | ||
| Q4 24 | 18.9% | 13.7% | ||
| Q3 24 | 20.3% | -51.2% | ||
| Q2 24 | 20.2% | -6.9% |
净利率FASTRIG
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 2.4% | ||
| Q3 25 | 15.7% | -187.1% | ||
| Q2 25 | 15.9% | -94.9% | ||
| Q1 25 | 15.2% | -8.7% | ||
| Q4 24 | 14.4% | 0.7% | ||
| Q3 24 | 15.6% | -52.1% | ||
| Q2 24 | 15.3% | -14.3% |
每股收益（稀释后）FASTRIG
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $0.13 | ||
| Q3 25 | $0.29 | $-2.00 | ||
| Q2 25 | $0.29 | $-1.06 | ||
| Q1 25 | $0.52 | $-0.11 | ||
| Q4 24 | $0.45 | $-0.14 | ||
| Q3 24 | $0.52 | $-0.58 | ||
| Q2 24 | $0.51 | $-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 | $276.8M | $620.0M |
| 总债务越低越好 | $125.0M | $5.2B |
| 股东权益账面价值 | $3.9B | $8.1B |
| 总资产 | $5.1B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资FASTRIG
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $620.0M | ||
| Q3 25 | $288.1M | $833.0M | ||
| Q2 25 | $237.8M | $377.0M | ||
| Q1 25 | $231.8M | $263.0M | ||
| Q4 24 | $255.8M | $560.0M | ||
| Q3 24 | $292.2M | $435.0M | ||
| Q2 24 | $255.5M | $475.0M |
总债务FASTRIG
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $5.2B | ||
| Q3 25 | $195.0M | $4.8B | ||
| Q2 25 | $230.0M | $5.9B | ||
| Q1 25 | $200.0M | $5.9B | ||
| Q4 24 | $200.0M | $6.2B | ||
| Q3 24 | $240.0M | $6.5B | ||
| Q2 24 | $235.0M | $6.8B |
股东权益FASTRIG
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $8.1B | ||
| Q3 25 | $3.9B | $8.1B | ||
| Q2 25 | $3.8B | $9.4B | ||
| Q1 25 | $3.7B | $10.2B | ||
| Q4 24 | $3.6B | $10.3B | ||
| Q3 24 | $3.6B | $10.2B | ||
| Q2 24 | $3.5B | $10.7B |
总资产FASTRIG
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $15.6B | ||
| Q3 25 | $5.1B | $16.2B | ||
| Q2 25 | $5.0B | $17.8B | ||
| Q1 25 | $4.9B | $19.0B | ||
| Q4 24 | $4.7B | $19.4B | ||
| Q3 24 | $4.7B | $19.5B | ||
| Q2 24 | $4.6B | $20.3B |
负债/权益比FASTRIG
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | 0.64× | ||
| Q3 25 | 0.05× | 0.60× | ||
| Q2 25 | 0.06× | 0.63× | ||
| Q1 25 | 0.05× | 0.58× | ||
| Q4 24 | 0.06× | 0.60× | ||
| Q3 24 | 0.07× | 0.64× | ||
| Q2 24 | 0.07× | 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 | $368.2M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $321.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 30.8% |
| 资本支出强度资本支出/营收 | 3.0% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.25× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $626.0M |
8季度趋势，按日历期对齐
经营现金流FASTRIG
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $349.0M | ||
| Q3 25 | $386.9M | $246.0M | ||
| Q2 25 | $278.6M | $128.0M | ||
| Q1 25 | $262.2M | $26.0M | ||
| Q4 24 | $282.8M | $206.0M | ||
| Q3 24 | $296.9M | $194.0M | ||
| Q2 24 | $258.0M | $133.0M |
自由现金流FASTRIG
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $321.0M | ||
| Q3 25 | $326.6M | $235.0M | ||
| Q2 25 | $209.3M | $104.0M | ||
| Q1 25 | $206.5M | $-34.0M | ||
| Q4 24 | $222.6M | $177.0M | ||
| Q3 24 | $237.5M | $136.0M | ||
| Q2 24 | $201.9M | $49.0M |
自由现金流率FASTRIG
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 30.8% | ||
| Q3 25 | 15.3% | 22.9% | ||
| Q2 25 | 10.1% | 10.5% | ||
| Q1 25 | 10.5% | -3.8% | ||
| Q4 24 | 12.2% | 18.6% | ||
| Q3 24 | 12.4% | 14.3% | ||
| Q2 24 | 10.5% | 5.7% |
资本支出强度FASTRIG
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 2.7% | ||
| Q3 25 | 2.8% | 1.1% | ||
| Q2 25 | 3.3% | 2.4% | ||
| Q1 25 | 2.8% | 6.6% | ||
| Q4 24 | 3.3% | 3.0% | ||
| Q3 24 | 3.1% | 6.1% | ||
| Q2 24 | 2.9% | 9.8% |
现金转化率FASTRIG
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 13.96× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 1.08× | 29.43× | ||
| Q3 24 | 1.00× | — | ||
| Q2 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
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
