vs
佳明（GRMN）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
佳明的季度营收约是越洋钻探的1.7倍（$1.8B vs $1.0B），佳明净利率更高（23.1% vs 2.4%，领先20.7%），佳明同比增速更快（14.0% vs 9.6%），佳明自由现金流更多（$469.4M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 7.9%）
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
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。
GRMN vs RIG — 直观对比
营收规模更大
GRMN
是对方的1.7倍
$1.0B
营收增速更快
GRMN
高出4.4%
9.6%
净利率更高
GRMN
高出20.7%
2.4%
自由现金流更多
GRMN
多$148.4M
$321.0M
两年增速更快
RIG
近两年复合增速
7.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.0B |
| 净利润 | $405.1M | $25.0M |
| 毛利率 | 59.4% | 42.0% |
| 营业利润率 | 24.6% | 23.0% |
| 净利率 | 23.1% | 2.4% |
| 营收同比 | 14.0% | 9.6% |
| 净利润同比 | 21.7% | 257.1% |
| 每股收益（稀释后） | $2.09 | $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GRMNRIG
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.8B | $988.0M | ||
| Q1 25 | $1.5B | $906.0M | ||
| Q4 24 | $1.8B | $952.0M | ||
| Q3 24 | $1.6B | $948.0M | ||
| Q2 24 | $1.5B | $861.0M |
净利润GRMNRIG
| Q1 26 | $405.1M | — | ||
| Q4 25 | $528.7M | $25.0M | ||
| Q3 25 | $401.6M | $-1.9B | ||
| Q2 25 | $400.8M | $-938.0M | ||
| Q1 25 | $332.8M | $-79.0M | ||
| Q4 24 | $435.7M | $7.0M | ||
| Q3 24 | $399.1M | $-494.0M | ||
| Q2 24 | $300.6M | $-123.0M |
毛利率GRMNRIG
| Q1 26 | 59.4% | — | ||
| Q4 25 | 59.2% | 42.0% | ||
| Q3 25 | 59.1% | 43.2% | ||
| Q2 25 | 58.8% | 39.4% | ||
| Q1 25 | 57.6% | 31.8% | ||
| Q4 24 | 59.3% | 39.2% | ||
| Q3 24 | 60.0% | 40.6% | ||
| Q2 24 | 57.3% | 38.0% |
营业利润率GRMNRIG
| Q1 26 | 24.6% | — | ||
| Q4 25 | 28.9% | 23.0% | ||
| Q3 25 | 25.8% | -163.1% | ||
| Q2 25 | 26.0% | -97.6% | ||
| Q1 25 | 21.7% | 7.1% | ||
| Q4 24 | 28.3% | 13.7% | ||
| Q3 24 | 27.6% | -51.2% | ||
| Q2 24 | 22.7% | -6.9% |
净利率GRMNRIG
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.9% | 2.4% | ||
| Q3 25 | 22.7% | -187.1% | ||
| Q2 25 | 22.1% | -94.9% | ||
| Q1 25 | 21.7% | -8.7% | ||
| Q4 24 | 23.9% | 0.7% | ||
| Q3 24 | 25.2% | -52.1% | ||
| Q2 24 | 20.0% | -14.3% |
每股收益（稀释后）GRMNRIG
| Q1 26 | $2.09 | — | ||
| Q4 25 | $2.72 | $0.13 | ||
| Q3 25 | $2.08 | $-2.00 | ||
| Q2 25 | $2.07 | $-1.06 | ||
| Q1 25 | $1.72 | $-0.11 | ||
| Q4 24 | $2.24 | $-0.14 | ||
| Q3 24 | $2.07 | $-0.58 | ||
| Q2 24 | $1.56 | $-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 | $2.3B | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | — | $8.1B |
| 总资产 | $11.0B | $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GRMNRIG
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $620.0M | ||
| Q3 25 | $2.1B | $833.0M | ||
| Q2 25 | $2.1B | $377.0M | ||
| Q1 25 | $2.2B | $263.0M | ||
| Q4 24 | $2.1B | $560.0M | ||
| Q3 24 | $2.0B | $435.0M | ||
| Q2 24 | $1.9B | $475.0M |
总债务GRMNRIG
| Q1 26 | — | — | ||
| 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 |
股东权益GRMNRIG
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $8.1B | ||
| Q3 25 | $8.5B | $8.1B | ||
| Q2 25 | $8.1B | $9.4B | ||
| Q1 25 | $8.2B | $10.2B | ||
| Q4 24 | $7.8B | $10.3B | ||
| Q3 24 | $7.5B | $10.2B | ||
| Q2 24 | $7.0B | $10.7B |
总资产GRMNRIG
| Q1 26 | $11.0B | — | ||
| Q4 25 | $11.0B | $15.6B | ||
| Q3 25 | $10.5B | $16.2B | ||
| Q2 25 | $10.3B | $17.8B | ||
| Q1 25 | $9.8B | $19.0B | ||
| Q4 24 | $9.6B | $19.4B | ||
| Q3 24 | $9.3B | $19.5B | ||
| Q2 24 | $8.9B | $20.3B |
负债/权益比GRMNRIG
| Q1 26 | — | — | ||
| 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× |
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 | $536.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $469.4M | $321.0M |
| 自由现金流率自由现金流/营收 | 26.8% | 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 | 1.32× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $626.0M |
8季度趋势，按日历期对齐
经营现金流GRMNRIG
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $349.0M | ||
| Q3 25 | $485.6M | $246.0M | ||
| Q2 25 | $173.2M | $128.0M | ||
| Q1 25 | $420.8M | $26.0M | ||
| Q4 24 | $483.9M | $206.0M | ||
| Q3 24 | $258.0M | $194.0M | ||
| Q2 24 | $255.3M | $133.0M |
自由现金流GRMNRIG
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | $321.0M | ||
| Q3 25 | $425.1M | $235.0M | ||
| Q2 25 | $127.5M | $104.0M | ||
| Q1 25 | $380.7M | $-34.0M | ||
| Q4 24 | $399.2M | $177.0M | ||
| Q3 24 | $219.4M | $136.0M | ||
| Q2 24 | $218.2M | $49.0M |
自由现金流率GRMNRIG
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | 30.8% | ||
| Q3 25 | 24.0% | 22.9% | ||
| Q2 25 | 7.0% | 10.5% | ||
| Q1 25 | 24.8% | -3.8% | ||
| Q4 24 | 21.9% | 18.6% | ||
| Q3 24 | 13.8% | 14.3% | ||
| Q2 24 | 14.5% | 5.7% |
资本支出强度GRMNRIG
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 2.7% | ||
| Q3 25 | 3.4% | 1.1% | ||
| Q2 25 | 2.5% | 2.4% | ||
| Q1 25 | 2.6% | 6.6% | ||
| Q4 24 | 4.6% | 3.0% | ||
| Q3 24 | 2.4% | 6.1% | ||
| Q2 24 | 2.5% | 9.8% |
现金转化率GRMNRIG
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 13.96× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.11× | 29.43× | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.85× | — |
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
GRMN
暂无分部数据
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
