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Global Business Travel Group, Inc.（GBTG）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Global Business Travel Group, Inc.的1.3倍（$1.0B vs $792.0M），Global Business Travel Group, Inc.净利率更高（10.5% vs 2.4%，领先8.1%），Global Business Travel Group, Inc.同比增速更快（34.0% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $13.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 13.9%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
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。
GBTG vs RIG — 直观对比
营收规模更大
RIG
是对方的1.3倍
$792.0M
营收增速更快
GBTG
高出24.5%
9.6%
净利率更高
GBTG
高出8.1%
2.4%
自由现金流更多
RIG
多$308.0M
$13.0M
两年增速更快
RIG
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $1.0B |
| 净利润 | $83.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 3.7% | 23.0% |
| 净利率 | 10.5% | 2.4% |
| 营收同比 | 34.0% | 9.6% |
| 净利润同比 | 692.9% | 257.1% |
| 每股收益（稀释后） | $0.16 | $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GBTGRIG
| Q4 25 | $792.0M | $1.0B | ||
| Q3 25 | $674.0M | $1.0B | ||
| Q2 25 | $631.0M | $988.0M | ||
| Q1 25 | $621.0M | $906.0M | ||
| Q4 24 | $591.0M | $952.0M | ||
| Q3 24 | $597.0M | $948.0M | ||
| Q2 24 | $625.0M | $861.0M | ||
| Q1 24 | $610.0M | $763.0M |
净利润GBTGRIG
| Q4 25 | $83.0M | $25.0M | ||
| Q3 25 | $-62.0M | $-1.9B | ||
| Q2 25 | $15.0M | $-938.0M | ||
| Q1 25 | $75.0M | $-79.0M | ||
| Q4 24 | $-14.0M | $7.0M | ||
| Q3 24 | $-128.0M | $-494.0M | ||
| Q2 24 | $27.0M | $-123.0M | ||
| Q1 24 | $-19.0M | $98.0M |
毛利率GBTGRIG
| 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GBTGRIG
| Q4 25 | 3.7% | 23.0% | ||
| Q3 25 | 1.8% | -163.1% | ||
| Q2 25 | 5.4% | -97.6% | ||
| Q1 25 | 8.9% | 7.1% | ||
| Q4 24 | 5.1% | 13.7% | ||
| Q3 24 | 4.5% | -51.2% | ||
| Q2 24 | 6.7% | -6.9% | ||
| Q1 24 | 2.6% | -0.4% |
净利率GBTGRIG
| Q4 25 | 10.5% | 2.4% | ||
| Q3 25 | -9.2% | -187.1% | ||
| Q2 25 | 2.4% | -94.9% | ||
| Q1 25 | 12.1% | -8.7% | ||
| Q4 24 | -2.4% | 0.7% | ||
| Q3 24 | -21.4% | -52.1% | ||
| Q2 24 | 4.3% | -14.3% | ||
| Q1 24 | -3.1% | 12.8% |
每股收益（稀释后）GBTGRIG
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | $-0.13 | $-2.00 | ||
| Q2 25 | $0.03 | $-1.06 | ||
| Q1 25 | $0.16 | $-0.11 | ||
| Q4 24 | $-0.04 | $-0.14 | ||
| Q3 24 | $-0.28 | $-0.58 | ||
| Q2 24 | $0.06 | $-0.15 | ||
| Q1 24 | $-0.04 | $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 | $434.0M | $620.0M |
| 总债务越低越好 | $1.4B | $5.2B |
| 股东权益账面价值 | $1.6B | $8.1B |
| 总资产 | $4.9B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.88× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资GBTGRIG
| Q4 25 | $434.0M | $620.0M | ||
| Q3 25 | $427.0M | $833.0M | ||
| Q2 25 | $601.0M | $377.0M | ||
| Q1 25 | $552.0M | $263.0M | ||
| Q4 24 | $536.0M | $560.0M | ||
| Q3 24 | $524.0M | $435.0M | ||
| Q2 24 | $515.0M | $475.0M | ||
| Q1 24 | $475.0M | $446.0M |
总债务GBTGRIG
| Q4 25 | $1.4B | $5.2B | ||
| Q3 25 | $1.4B | $4.8B | ||
| Q2 25 | $1.4B | $5.9B | ||
| Q1 25 | $1.4B | $5.9B | ||
| Q4 24 | $1.4B | $6.2B | ||
| Q3 24 | $1.4B | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益GBTGRIG
| Q4 25 | $1.6B | $8.1B | ||
| Q3 25 | $1.5B | $8.1B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.1B | $10.2B | ||
| Q4 24 | $1.1B | $10.3B | ||
| Q3 24 | $1.1B | $10.2B | ||
| Q2 24 | $1.2B | $10.7B | ||
| Q1 24 | $1.2B | $10.5B |
总资产GBTGRIG
| Q4 25 | $4.9B | $15.6B | ||
| Q3 25 | $4.8B | $16.2B | ||
| Q2 25 | $3.9B | $17.8B | ||
| Q1 25 | $3.8B | $19.0B | ||
| Q4 24 | $3.6B | $19.4B | ||
| Q3 24 | $3.8B | $19.5B | ||
| Q2 24 | $3.8B | $20.3B | ||
| Q1 24 | $3.8B | $19.9B |
负债/权益比GBTGRIG
| Q4 25 | 0.88× | 0.64× | ||
| Q3 25 | 0.91× | 0.60× | ||
| Q2 25 | 1.15× | 0.63× | ||
| Q1 25 | 1.23× | 0.58× | ||
| Q4 24 | 1.32× | 0.60× | ||
| Q3 24 | 1.26× | 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 | $52.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 1.6% | 30.8% |
| 资本支出强度资本支出/营收 | 4.9% | 2.7% |
| 现金转化率经营现金流/净利润 | 0.63× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $104.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流GBTGRIG
| Q4 25 | $52.0M | $349.0M | ||
| Q3 25 | $71.0M | $246.0M | ||
| Q2 25 | $57.0M | $128.0M | ||
| Q1 25 | $53.0M | $26.0M | ||
| Q4 24 | $65.0M | $206.0M | ||
| Q3 24 | $85.0M | $194.0M | ||
| Q2 24 | $73.0M | $133.0M | ||
| Q1 24 | $49.0M | $-86.0M |
自由现金流GBTGRIG
| Q4 25 | $13.0M | $321.0M | ||
| Q3 25 | $38.0M | $235.0M | ||
| Q2 25 | $27.0M | $104.0M | ||
| Q1 25 | $26.0M | $-34.0M | ||
| Q4 24 | $33.0M | $177.0M | ||
| Q3 24 | $59.0M | $136.0M | ||
| Q2 24 | $49.0M | $49.0M | ||
| Q1 24 | $24.0M | $-169.0M |
自由现金流率GBTGRIG
| Q4 25 | 1.6% | 30.8% | ||
| Q3 25 | 5.6% | 22.9% | ||
| Q2 25 | 4.3% | 10.5% | ||
| Q1 25 | 4.2% | -3.8% | ||
| Q4 24 | 5.6% | 18.6% | ||
| Q3 24 | 9.9% | 14.3% | ||
| Q2 24 | 7.8% | 5.7% | ||
| Q1 24 | 3.9% | -22.1% |
资本支出强度GBTGRIG
| Q4 25 | 4.9% | 2.7% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 4.8% | 2.4% | ||
| Q1 25 | 4.3% | 6.6% | ||
| Q4 24 | 5.4% | 3.0% | ||
| Q3 24 | 4.4% | 6.1% | ||
| Q2 24 | 3.8% | 9.8% | ||
| Q1 24 | 4.1% | 10.9% |
现金转化率GBTGRIG
| Q4 25 | 0.63× | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | — | ||
| Q1 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
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
