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FIRST HORIZON CORP（FHN）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FIRST HORIZON CORP的1.2倍（$1.0B vs $888.0M），FIRST HORIZON CORP净利率更高（29.4% vs 2.4%，领先27.0%），FIRST HORIZON CORP同比增速更快（21.8% vs 9.6%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $321.0M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 16.9%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
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。
FHN vs RIG — 直观对比
营收规模更大
RIG
是对方的1.2倍
$888.0M
营收增速更快
FHN
高出12.3%
9.6%
净利率更高
FHN
高出27.0%
2.4%
自由现金流更多
FHN
多$68.0M
$321.0M
两年增速更快
FHN
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $1.0B |
| 净利润 | $261.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 38.5% | 23.0% |
| 净利率 | 29.4% | 2.4% |
| 营收同比 | 21.8% | 9.6% |
| 净利润同比 | 57.2% | 257.1% |
| 每股收益（稀释后） | $0.51 | $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FHNRIG
| Q4 25 | $888.0M | $1.0B | ||
| Q3 25 | $889.0M | $1.0B | ||
| Q2 25 | $830.0M | $988.0M | ||
| Q1 25 | $812.0M | $906.0M | ||
| Q4 24 | $729.0M | $952.0M | ||
| Q3 24 | $827.0M | $948.0M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | $819.0M | $763.0M |
净利润FHNRIG
| Q4 25 | $261.0M | $25.0M | ||
| Q3 25 | $262.0M | $-1.9B | ||
| Q2 25 | $241.0M | $-938.0M | ||
| Q1 25 | $218.0M | $-79.0M | ||
| Q4 24 | $166.0M | $7.0M | ||
| Q3 24 | $218.0M | $-494.0M | ||
| Q2 24 | — | $-123.0M | ||
| Q1 24 | $192.0M | $98.0M |
毛利率FHNRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率FHNRIG
| Q4 25 | 38.5% | 23.0% | ||
| Q3 25 | 38.7% | -163.1% | ||
| Q2 25 | 37.2% | -97.6% | ||
| Q1 25 | 35.1% | 7.1% | ||
| Q4 24 | 28.8% | 13.7% | ||
| Q3 24 | 34.0% | -51.2% | ||
| Q2 24 | — | -6.9% | ||
| Q1 24 | 31.0% | -0.4% |
净利率FHNRIG
| Q4 25 | 29.4% | 2.4% | ||
| Q3 25 | 29.5% | -187.1% | ||
| Q2 25 | 29.0% | -94.9% | ||
| Q1 25 | 26.8% | -8.7% | ||
| Q4 24 | 22.8% | 0.7% | ||
| Q3 24 | 26.4% | -52.1% | ||
| Q2 24 | — | -14.3% | ||
| Q1 24 | 23.4% | 12.8% |
每股收益（稀释后）FHNRIG
| Q4 25 | $0.51 | $0.13 | ||
| Q3 25 | $0.50 | $-2.00 | ||
| Q2 25 | $0.45 | $-1.06 | ||
| Q1 25 | $0.41 | $-0.11 | ||
| Q4 24 | $0.29 | $-0.14 | ||
| Q3 24 | $0.40 | $-0.58 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | $0.33 | $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 | — | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $8.8B | $8.1B |
| 总资产 | $83.9B | $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FHNRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $833.0M | ||
| Q2 25 | — | $377.0M | ||
| Q1 25 | — | $263.0M | ||
| Q4 24 | — | $560.0M | ||
| Q3 24 | — | $435.0M | ||
| Q2 24 | — | $475.0M | ||
| Q1 24 | — | $446.0M |
总债务FHNRIG
| 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FHNRIG
| Q4 25 | $8.8B | $8.1B | ||
| Q3 25 | $8.9B | $8.1B | ||
| Q2 25 | $9.0B | $9.4B | ||
| Q1 25 | $8.7B | $10.2B | ||
| Q4 24 | $8.8B | $10.3B | ||
| Q3 24 | $9.0B | $10.2B | ||
| Q2 24 | — | $10.7B | ||
| Q1 24 | $8.9B | $10.5B |
总资产FHNRIG
| Q4 25 | $83.9B | $15.6B | ||
| Q3 25 | $83.2B | $16.2B | ||
| Q2 25 | $82.1B | $17.8B | ||
| Q1 25 | $81.5B | $19.0B | ||
| Q4 24 | $82.2B | $19.4B | ||
| Q3 24 | $82.6B | $19.5B | ||
| Q2 24 | — | $20.3B | ||
| Q1 24 | $81.8B | $19.9B |
负债/权益比FHNRIG
| 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 | $396.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 43.8% | 30.8% |
| 资本支出强度资本支出/营收 | 0.8% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.52× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $595.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流FHNRIG
| Q4 25 | $396.0M | $349.0M | ||
| Q3 25 | $-200.0M | $246.0M | ||
| Q2 25 | $83.0M | $128.0M | ||
| Q1 25 | $349.0M | $26.0M | ||
| Q4 24 | $191.0M | $206.0M | ||
| Q3 24 | $389.0M | $194.0M | ||
| Q2 24 | — | $133.0M | ||
| Q1 24 | $838.0M | $-86.0M |
自由现金流FHNRIG
| Q4 25 | $389.0M | $321.0M | ||
| Q3 25 | $-208.0M | $235.0M | ||
| Q2 25 | $74.0M | $104.0M | ||
| Q1 25 | $340.0M | $-34.0M | ||
| Q4 24 | $174.0M | $177.0M | ||
| Q3 24 | $383.0M | $136.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | $828.0M | $-169.0M |
自由现金流率FHNRIG
| Q4 25 | 43.8% | 30.8% | ||
| Q3 25 | -23.4% | 22.9% | ||
| Q2 25 | 8.9% | 10.5% | ||
| Q1 25 | 41.9% | -3.8% | ||
| Q4 24 | 23.9% | 18.6% | ||
| Q3 24 | 46.3% | 14.3% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | 101.1% | -22.1% |
资本支出强度FHNRIG
| Q4 25 | 0.8% | 2.7% | ||
| Q3 25 | 0.9% | 1.1% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 1.1% | 6.6% | ||
| Q4 24 | 2.3% | 3.0% | ||
| Q3 24 | 0.7% | 6.1% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | 1.2% | 10.9% |
现金转化率FHNRIG
| Q4 25 | 1.52× | 13.96× | ||
| Q3 25 | -0.76× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | 29.43× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.36× | -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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
