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Helmerich & Payne, Inc.（HP）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Helmerich & Payne, Inc.的1.1倍（$1.0B vs $981.1M）。越洋钻探净利率更高（2.4% vs -9.9%，领先12.3%）。Helmerich & Payne, Inc.同比增速更快（45.4% vs 9.6%）。越洋钻探自由现金流更多（$321.0M vs $114.9M）。过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs 16.9%）
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
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。
HP vs RIG — 直观对比
营收规模更大
RIG
是对方的1.1倍
$981.1M
营收增速更快
HP
高出35.9%
9.6%
净利率更高
RIG
高出12.3%
-9.9%
自由现金流更多
RIG
多$206.1M
$114.9M
两年增速更快
HP
近两年复合增速
16.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $1.0B |
| 净利润 | $-96.7M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | -6.1% | 23.0% |
| 净利率 | -9.9% | 2.4% |
| 营收同比 | 45.4% | 9.6% |
| 净利润同比 | -276.6% | 257.1% |
| 每股收益（稀释后） | $-0.98 | $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HPRIG
| Q4 25 | $981.1M | $1.0B | ||
| Q3 25 | $953.8M | $1.0B | ||
| Q2 25 | $1.0B | $988.0M | ||
| Q1 25 | $1.0B | $906.0M | ||
| Q4 24 | $674.6M | $952.0M | ||
| Q3 24 | $691.3M | $948.0M | ||
| Q2 24 | $695.1M | $861.0M | ||
| Q1 24 | $685.1M | $763.0M |
净利润HPRIG
| Q4 25 | $-96.7M | $25.0M | ||
| Q3 25 | $-57.4M | $-1.9B | ||
| Q2 25 | $-162.8M | $-938.0M | ||
| Q1 25 | $1.7M | $-79.0M | ||
| Q4 24 | $54.8M | $7.0M | ||
| Q3 24 | $75.5M | $-494.0M | ||
| Q2 24 | $88.7M | $-123.0M | ||
| Q1 24 | $84.8M | $98.0M |
毛利率HPRIG
| 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HPRIG
| Q4 25 | -6.1% | 23.0% | ||
| Q3 25 | -0.1% | -163.1% | ||
| Q2 25 | -12.4% | -97.6% | ||
| Q1 25 | 4.2% | 7.1% | ||
| Q4 24 | 13.3% | 13.7% | ||
| Q3 24 | 15.4% | -51.2% | ||
| Q2 24 | 16.0% | -6.9% | ||
| Q1 24 | 16.1% | -0.4% |
净利率HPRIG
| Q4 25 | -9.9% | 2.4% | ||
| Q3 25 | -6.0% | -187.1% | ||
| Q2 25 | -15.7% | -94.9% | ||
| Q1 25 | 0.2% | -8.7% | ||
| Q4 24 | 8.1% | 0.7% | ||
| Q3 24 | 10.9% | -52.1% | ||
| Q2 24 | 12.8% | -14.3% | ||
| Q1 24 | 12.4% | 12.8% |
每股收益（稀释后）HPRIG
| Q4 25 | $-0.98 | $0.13 | ||
| Q3 25 | $-0.57 | $-2.00 | ||
| Q2 25 | $-1.64 | $-1.06 | ||
| Q1 25 | $0.01 | $-0.11 | ||
| Q4 24 | $0.54 | $-0.14 | ||
| Q3 24 | $0.77 | $-0.58 | ||
| Q2 24 | $0.88 | $-0.15 | ||
| Q1 24 | $0.84 | $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 | $269.0M | $620.0M |
| 总债务越低越好 | $2.0B | $5.2B |
| 股东权益账面价值 | $2.7B | $8.1B |
| 总资产 | $6.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资HPRIG
| Q4 25 | $269.0M | $620.0M | ||
| Q3 25 | $218.3M | $833.0M | ||
| Q2 25 | $187.4M | $377.0M | ||
| Q1 25 | $195.6M | $263.0M | ||
| Q4 24 | $526.5M | $560.0M | ||
| Q3 24 | $510.3M | $435.0M | ||
| Q2 24 | $289.7M | $475.0M | ||
| Q1 24 | $277.0M | $446.0M |
总债务HPRIG
| Q4 25 | $2.0B | $5.2B | ||
| Q3 25 | $2.1B | $4.8B | ||
| Q2 25 | $2.2B | $5.9B | ||
| Q1 25 | $2.2B | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | $1.8B | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益HPRIG
| Q4 25 | $2.7B | $8.1B | ||
| Q3 25 | $2.8B | $8.1B | ||
| Q2 25 | $2.9B | $9.4B | ||
| Q1 25 | $3.1B | $10.2B | ||
| Q4 24 | $2.9B | $10.3B | ||
| Q3 24 | $2.9B | $10.2B | ||
| Q2 24 | $2.9B | $10.7B | ||
| Q1 24 | $2.8B | $10.5B |
总资产HPRIG
| Q4 25 | $6.5B | $15.6B | ||
| Q3 25 | $6.7B | $16.2B | ||
| Q2 25 | $6.9B | $17.8B | ||
| Q1 25 | $7.2B | $19.0B | ||
| Q4 24 | $5.8B | $19.4B | ||
| Q3 24 | $5.8B | $19.5B | ||
| Q2 24 | $4.5B | $20.3B | ||
| Q1 24 | $4.4B | $19.9B |
负债/权益比HPRIG
| Q4 25 | 0.75× | 0.64× | ||
| Q3 25 | 0.73× | 0.60× | ||
| Q2 25 | 0.76× | 0.63× | ||
| Q1 25 | 0.73× | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | 0.61× | 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 | $182.4M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $321.0M |
| 自由现金流率自由现金流/营收 | 11.7% | 30.8% |
| 资本支出强度资本支出/营收 | 6.9% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | $179.6M | $626.0M |
8季度趋势，按日历期对齐
经营现金流HPRIG
| Q4 25 | $182.4M | $349.0M | ||
| Q3 25 | $206.9M | $246.0M | ||
| Q2 25 | $121.6M | $128.0M | ||
| Q1 25 | $56.0M | $26.0M | ||
| Q4 24 | $158.4M | $206.0M | ||
| Q3 24 | $168.8M | $194.0M | ||
| Q2 24 | $197.4M | $133.0M | ||
| Q1 24 | $143.7M | $-86.0M |
自由现金流HPRIG
| Q4 25 | $114.9M | $321.0M | ||
| Q3 25 | $142.8M | $235.0M | ||
| Q2 25 | $24.6M | $104.0M | ||
| Q1 25 | $-102.7M | $-34.0M | ||
| Q4 24 | $51.9M | $177.0M | ||
| Q3 24 | $62.8M | $136.0M | ||
| Q2 24 | $63.0M | $49.0M | ||
| Q1 24 | $25.4M | $-169.0M |
自由现金流率HPRIG
| Q4 25 | 11.7% | 30.8% | ||
| Q3 25 | 15.0% | 22.9% | ||
| Q2 25 | 2.4% | 10.5% | ||
| Q1 25 | -10.1% | -3.8% | ||
| Q4 24 | 7.7% | 18.6% | ||
| Q3 24 | 9.1% | 14.3% | ||
| Q2 24 | 9.1% | 5.7% | ||
| Q1 24 | 3.7% | -22.1% |
资本支出强度HPRIG
| Q4 25 | 6.9% | 2.7% | ||
| Q3 25 | 6.7% | 1.1% | ||
| Q2 25 | 9.3% | 2.4% | ||
| Q1 25 | 15.7% | 6.6% | ||
| Q4 24 | 15.8% | 3.0% | ||
| Q3 24 | 15.3% | 6.1% | ||
| Q2 24 | 19.3% | 9.8% | ||
| Q1 24 | 17.3% | 10.9% |
现金转化率HPRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 33.89× | — | ||
| Q4 24 | 2.89× | 29.43× | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 1.69× | -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
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
