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游戏驿站（GME）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游戏驿站的1.3倍（$1.0B vs $821.0M），游戏驿站净利率更高（9.4% vs 2.4%，领先7.0%），越洋钻探同比增速更快（9.6% vs -4.6%），越洋钻探自由现金流更多（$321.0M vs $107.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
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。
GME vs RIG — 直观对比
营收规模更大
RIG
是对方的1.3倍
$821.0M
营收增速更快
RIG
高出14.1%
-4.6%
净利率更高
GME
高出7.0%
2.4%
自由现金流更多
RIG
多$214.0M
$107.0M
两年增速更快
RIG
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $1.0B |
| 净利润 | $77.1M | $25.0M |
| 毛利率 | 33.3% | 42.0% |
| 营业利润率 | 5.0% | 23.0% |
| 净利率 | 9.4% | 2.4% |
| 营收同比 | -4.6% | 9.6% |
| 净利润同比 | 343.1% | 257.1% |
| 每股收益（稀释后） | $0.13 | $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GMERIG
| Q4 25 | $821.0M | $1.0B | ||
| Q3 25 | $972.2M | $1.0B | ||
| Q2 25 | $732.4M | $988.0M | ||
| Q1 25 | $1.3B | $906.0M | ||
| Q4 24 | $860.3M | $952.0M | ||
| Q3 24 | $798.3M | $948.0M | ||
| Q2 24 | $881.8M | $861.0M | ||
| Q1 24 | $1.8B | $763.0M |
净利润GMERIG
| Q4 25 | $77.1M | $25.0M | ||
| Q3 25 | $168.6M | $-1.9B | ||
| Q2 25 | $44.8M | $-938.0M | ||
| Q1 25 | $131.4M | $-79.0M | ||
| Q4 24 | $17.4M | $7.0M | ||
| Q3 24 | $14.8M | $-494.0M | ||
| Q2 24 | $-32.3M | $-123.0M | ||
| Q1 24 | $63.1M | $98.0M |
毛利率GMERIG
| Q4 25 | 33.3% | 42.0% | ||
| Q3 25 | 29.1% | 43.2% | ||
| Q2 25 | 34.5% | 39.4% | ||
| Q1 25 | 28.3% | 31.8% | ||
| Q4 24 | 29.9% | 39.2% | ||
| Q3 24 | 31.2% | 40.6% | ||
| Q2 24 | 27.7% | 38.0% | ||
| Q1 24 | 23.4% | 31.5% |
营业利润率GMERIG
| Q4 25 | 5.0% | 23.0% | ||
| Q3 25 | 6.8% | -163.1% | ||
| Q2 25 | -1.5% | -97.6% | ||
| Q1 25 | 6.2% | 7.1% | ||
| Q4 24 | -3.9% | 13.7% | ||
| Q3 24 | -2.8% | -51.2% | ||
| Q2 24 | -5.7% | -6.9% | ||
| Q1 24 | 3.1% | -0.4% |
净利率GMERIG
| Q4 25 | 9.4% | 2.4% | ||
| Q3 25 | 17.3% | -187.1% | ||
| Q2 25 | 6.1% | -94.9% | ||
| Q1 25 | 10.2% | -8.7% | ||
| Q4 24 | 2.0% | 0.7% | ||
| Q3 24 | 1.9% | -52.1% | ||
| Q2 24 | -3.7% | -14.3% | ||
| Q1 24 | 3.5% | 12.8% |
每股收益（稀释后）GMERIG
| Q4 25 | $0.13 | $0.13 | ||
| Q3 25 | $0.31 | $-2.00 | ||
| Q2 25 | $0.09 | $-1.06 | ||
| Q1 25 | $0.36 | $-0.11 | ||
| Q4 24 | $0.04 | $-0.14 | ||
| Q3 24 | $0.04 | $-0.58 | ||
| Q2 24 | $-0.11 | $-0.15 | ||
| Q1 24 | $0.21 | $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 | $8.8B | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $5.3B | $8.1B |
| 总资产 | $10.6B | $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GMERIG
| Q4 25 | $8.8B | $620.0M | ||
| Q3 25 | $8.7B | $833.0M | ||
| Q2 25 | $6.4B | $377.0M | ||
| Q1 25 | $4.8B | $263.0M | ||
| Q4 24 | $4.6B | $560.0M | ||
| Q3 24 | $4.2B | $435.0M | ||
| Q2 24 | $1.1B | $475.0M | ||
| Q1 24 | $1.2B | $446.0M |
总债务GMERIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | $16.9M | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | $28.5M | $6.8B |
股东权益GMERIG
| Q4 25 | $5.3B | $8.1B | ||
| Q3 25 | $5.2B | $8.1B | ||
| Q2 25 | $5.0B | $9.4B | ||
| Q1 25 | $4.9B | $10.2B | ||
| Q4 24 | $4.8B | $10.3B | ||
| Q3 24 | $4.4B | $10.2B | ||
| Q2 24 | $1.3B | $10.7B | ||
| Q1 24 | $1.3B | $10.5B |
总资产GMERIG
| Q4 25 | $10.6B | $15.6B | ||
| Q3 25 | $10.3B | $16.2B | ||
| Q2 25 | $7.5B | $17.8B | ||
| Q1 25 | $5.9B | $19.0B | ||
| Q4 24 | $6.2B | $19.4B | ||
| Q3 24 | $5.5B | $19.5B | ||
| Q2 24 | $2.6B | $20.3B | ||
| Q1 24 | $2.7B | $19.9B |
负债/权益比GMERIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | 0.00× | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | 0.02× | 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 | $111.3M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 13.0% | 30.8% |
| 资本支出强度资本支出/营收 | 0.5% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.44× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $568.7M | $626.0M |
8季度趋势，按日历期对齐
经营现金流GMERIG
| Q4 25 | $111.3M | $349.0M | ||
| Q3 25 | $117.4M | $246.0M | ||
| Q2 25 | $192.5M | $128.0M | ||
| Q1 25 | $162.3M | $26.0M | ||
| Q4 24 | $24.6M | $206.0M | ||
| Q3 24 | $68.6M | $194.0M | ||
| Q2 24 | $-109.8M | $133.0M | ||
| Q1 24 | $-11.0M | $-86.0M |
自由现金流GMERIG
| Q4 25 | $107.0M | $321.0M | ||
| Q3 25 | $113.3M | $235.0M | ||
| Q2 25 | $189.6M | $104.0M | ||
| Q1 25 | $158.8M | $-34.0M | ||
| Q4 24 | $20.0M | $177.0M | ||
| Q3 24 | $65.5M | $136.0M | ||
| Q2 24 | $-114.7M | $49.0M | ||
| Q1 24 | $-18.7M | $-169.0M |
自由现金流率GMERIG
| Q4 25 | 13.0% | 30.8% | ||
| Q3 25 | 11.7% | 22.9% | ||
| Q2 25 | 25.9% | 10.5% | ||
| Q1 25 | 12.4% | -3.8% | ||
| Q4 24 | 2.3% | 18.6% | ||
| Q3 24 | 8.2% | 14.3% | ||
| Q2 24 | -13.0% | 5.7% | ||
| Q1 24 | -1.0% | -22.1% |
资本支出强度GMERIG
| Q4 25 | 0.5% | 2.7% | ||
| Q3 25 | 0.4% | 1.1% | ||
| Q2 25 | 0.4% | 2.4% | ||
| Q1 25 | 0.3% | 6.6% | ||
| Q4 24 | 0.5% | 3.0% | ||
| Q3 24 | 0.4% | 6.1% | ||
| Q2 24 | 0.6% | 9.8% | ||
| Q1 24 | 0.4% | 10.9% |
现金转化率GMERIG
| Q4 25 | 1.44× | 13.96× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 4.30× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.41× | 29.43× | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.17× | -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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
