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格罗方德（GFS）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
格罗方德的季度营收约是越洋钻探的1.6倍（$1.7B vs $1.0B），格罗方德净利率更高（14.8% vs 2.4%，领先12.4%），越洋钻探同比增速更快（9.6% vs -2.9%），过去两年越洋钻探的营收复合增速更高（16.9% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs RIG — 直观对比
营收规模更大
GFS
是对方的1.6倍
$1.0B
营收增速更快
RIG
高出12.5%
-2.9%
净利率更高
GFS
高出12.4%
2.4%
两年增速更快
RIG
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.0B |
| 净利润 | $249.0M | $25.0M |
| 毛利率 | 24.8% | 42.0% |
| 营业利润率 | 11.6% | 23.0% |
| 净利率 | 14.8% | 2.4% |
| 营收同比 | -2.9% | 9.6% |
| 净利润同比 | 39.9% | 257.1% |
| 每股收益（稀释后） | $0.44 | $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GFSRIG
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $988.0M | ||
| Q1 25 | $1.6B | $906.0M | ||
| Q4 24 | — | $952.0M | ||
| Q3 24 | $1.7B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M | ||
| Q1 24 | $1.5B | $763.0M |
净利润GFSRIG
| Q4 25 | — | $25.0M | ||
| Q3 25 | $249.0M | $-1.9B | ||
| Q2 25 | $228.0M | $-938.0M | ||
| Q1 25 | $211.0M | $-79.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | $178.0M | $-494.0M | ||
| Q2 24 | $155.0M | $-123.0M | ||
| Q1 24 | $134.0M | $98.0M |
毛利率GFSRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | 24.8% | 43.2% | ||
| Q2 25 | 24.2% | 39.4% | ||
| Q1 25 | 22.4% | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | 23.8% | 40.6% | ||
| Q2 24 | 24.2% | 38.0% | ||
| Q1 24 | 25.4% | 31.5% |
营业利润率GFSRIG
| Q4 25 | — | 23.0% | ||
| Q3 25 | 11.6% | -163.1% | ||
| Q2 25 | 11.6% | -97.6% | ||
| Q1 25 | 9.5% | 7.1% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | 10.6% | -51.2% | ||
| Q2 24 | 9.5% | -6.9% | ||
| Q1 24 | 9.5% | -0.4% |
净利率GFSRIG
| Q4 25 | — | 2.4% | ||
| Q3 25 | 14.8% | -187.1% | ||
| Q2 25 | 13.5% | -94.9% | ||
| Q1 25 | 13.3% | -8.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 10.2% | -52.1% | ||
| Q2 24 | 9.5% | -14.3% | ||
| Q1 24 | 8.7% | 12.8% |
每股收益（稀释后）GFSRIG
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.44 | $-2.00 | ||
| Q2 25 | $0.41 | $-1.06 | ||
| Q1 25 | $0.38 | $-0.11 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | $0.32 | $-0.58 | ||
| Q2 24 | $0.28 | $-0.15 | ||
| Q1 24 | $0.24 | $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 | $2.0B | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $11.8B | $8.1B |
| 总资产 | $16.7B | $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GFSRIG
| Q4 25 | — | $620.0M | ||
| Q3 25 | $2.0B | $833.0M | ||
| Q2 25 | $1.8B | $377.0M | ||
| Q1 25 | $1.6B | $263.0M | ||
| Q4 24 | — | $560.0M | ||
| Q3 24 | $2.3B | $435.0M | ||
| Q2 24 | $2.2B | $475.0M | ||
| Q1 24 | $2.2B | $446.0M |
总债务GFSRIG
| 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GFSRIG
| Q4 25 | — | $8.1B | ||
| Q3 25 | $11.8B | $8.1B | ||
| Q2 25 | $11.5B | $9.4B | ||
| Q1 25 | $11.1B | $10.2B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | $11.6B | $10.2B | ||
| Q2 24 | $11.3B | $10.7B | ||
| Q1 24 | $11.3B | $10.5B |
总资产GFSRIG
| Q4 25 | — | $15.6B | ||
| Q3 25 | $16.7B | $16.2B | ||
| Q2 25 | $16.8B | $17.8B | ||
| Q1 25 | $16.5B | $19.0B | ||
| Q4 24 | — | $19.4B | ||
| Q3 24 | $18.1B | $19.5B | ||
| Q2 24 | — | $20.3B | ||
| Q1 24 | — | $19.9B |
负债/权益比GFSRIG
| 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 | $595.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 30.8% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | 2.39× | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流GFSRIG
| Q4 25 | — | $349.0M | ||
| Q3 25 | $595.0M | $246.0M | ||
| Q2 25 | $431.0M | $128.0M | ||
| Q1 25 | $331.0M | $26.0M | ||
| Q4 24 | — | $206.0M | ||
| Q3 24 | $375.0M | $194.0M | ||
| Q2 24 | $402.0M | $133.0M | ||
| Q1 24 | $488.0M | $-86.0M |
自由现金流GFSRIG
| Q4 25 | — | $321.0M | ||
| Q3 25 | — | $235.0M | ||
| Q2 25 | — | $104.0M | ||
| Q1 25 | — | $-34.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $136.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-169.0M |
自由现金流率GFSRIG
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | -3.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -22.1% |
资本支出强度GFSRIG
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.9% |
现金转化率GFSRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | — | ||
| Q1 24 | 3.64× | -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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
