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Helmerich & Payne, Inc.（HP）与Seadrill Ltd（SDRL）财务数据对比。点击上方公司名可切换其他公司
Helmerich & Payne, Inc.的季度营收约是Seadrill Ltd的3.6倍（$981.1M vs $273.0M）。Seadrill Ltd净利率更高（-3.7% vs -9.9%，领先6.2%）。过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs -8.9%）
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。
Seadrill是一家海洋钻井承包商，为全球油气行业提供海上钻井服务，核心业务是持有并运营钻井船、半潜式钻井平台和自升式钻井平台，可覆盖浅海到超深海、温和及恶劣海况等不同作业场景，主要客户涵盖国际石油巨头、一体化油气企业、国有石油公司及独立油气生产商，服务均基于合同模式提供。
HP vs SDRL — 直观对比
营收规模更大
HP
是对方的3.6倍
$273.0M
净利率更高
SDRL
高出6.2%
-9.9%
两年增速更快
HP
近两年复合增速
-8.9%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $273.0M |
| 净利润 | $-96.7M | $-10.0M |
| 毛利率 | — | — |
| 营业利润率 | -6.1% | -1.1% |
| 净利率 | -9.9% | -3.7% |
| 营收同比 | 45.4% | — |
| 净利润同比 | -276.6% | — |
| 每股收益（稀释后） | $-0.98 | — |
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HPSDRL
| Q4 25 | $981.1M | $273.0M | ||
| Q3 25 | $953.8M | $280.0M | ||
| Q2 25 | $1.0B | $288.0M | ||
| Q1 25 | $1.0B | $248.0M | ||
| Q4 24 | $674.6M | — | ||
| Q3 24 | $691.3M | $263.0M | ||
| Q2 24 | $695.1M | $267.0M | ||
| Q1 24 | $685.1M | $275.0M |
净利润HPSDRL
| Q4 25 | $-96.7M | $-10.0M | ||
| Q3 25 | $-57.4M | $-11.0M | ||
| Q2 25 | $-162.8M | $-42.0M | ||
| Q1 25 | $1.7M | $-14.0M | ||
| Q4 24 | $54.8M | — | ||
| Q3 24 | $75.5M | $32.0M | ||
| Q2 24 | $88.7M | $253.0M | ||
| Q1 24 | $84.8M | $60.0M |
营业利润率HPSDRL
| Q4 25 | -6.1% | -1.1% | ||
| Q3 25 | -0.1% | 9.3% | ||
| Q2 25 | -12.4% | 2.1% | ||
| Q1 25 | 4.2% | 7.3% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 15.4% | 17.9% | ||
| Q2 24 | 16.0% | — | ||
| Q1 24 | 16.1% | 29.1% |
净利率HPSDRL
| Q4 25 | -9.9% | -3.7% | ||
| Q3 25 | -6.0% | -3.9% | ||
| Q2 25 | -15.7% | -14.6% | ||
| Q1 25 | 0.2% | -5.6% | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 10.9% | 12.2% | ||
| Q2 24 | 12.8% | 94.8% | ||
| Q1 24 | 12.4% | 21.8% |
每股收益（稀释后）HPSDRL
| Q4 25 | $-0.98 | — | ||
| Q3 25 | $-0.57 | $-0.17 | ||
| Q2 25 | $-1.64 | $-0.68 | ||
| Q1 25 | $0.01 | $-0.23 | ||
| Q4 24 | $0.54 | — | ||
| Q3 24 | $0.77 | $0.49 | ||
| Q2 24 | $0.88 | $3.49 | ||
| Q1 24 | $0.84 | $0.81 |
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 | $339.0M |
| 总债务越低越好 | $2.0B | $613.0M |
| 股东权益账面价值 | $2.7B | $2.9B |
| 总资产 | $6.5B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资HPSDRL
| Q4 25 | $269.0M | $339.0M | ||
| Q3 25 | $218.3M | $402.0M | ||
| Q2 25 | $187.4M | $393.0M | ||
| Q1 25 | $195.6M | $404.0M | ||
| Q4 24 | $526.5M | — | ||
| Q3 24 | $510.3M | — | ||
| Q2 24 | $289.7M | $835.0M | ||
| Q1 24 | $277.0M | — |
总债务HPSDRL
| Q4 25 | $2.0B | $613.0M | ||
| Q3 25 | $2.1B | $612.0M | ||
| Q2 25 | $2.2B | $612.0M | ||
| Q1 25 | $2.2B | $611.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | — | $609.0M | ||
| Q1 24 | — | — |
股东权益HPSDRL
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | $2.8B | $2.9B | ||
| Q2 25 | $2.9B | $2.9B | ||
| Q1 25 | $3.1B | $2.9B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | $2.9B | ||
| Q2 24 | $2.9B | $3.1B | ||
| Q1 24 | $2.8B | $2.9B |
总资产HPSDRL
| Q4 25 | $6.5B | $3.9B | ||
| Q3 25 | $6.7B | $4.1B | ||
| Q2 25 | $6.9B | $4.1B | ||
| Q1 25 | $7.2B | $4.1B | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $4.5B | $4.3B | ||
| Q1 24 | $4.4B | — |
负债/权益比HPSDRL
| Q4 25 | 0.75× | 0.21× | ||
| Q3 25 | 0.73× | 0.21× | ||
| Q2 25 | 0.76× | 0.21× | ||
| Q1 25 | 0.73× | 0.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | — |
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 | $-40.0M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | — |
| 自由现金流率自由现金流/营收 | 11.7% | — |
| 资本支出强度资本支出/营收 | 6.9% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $179.6M | — |
8季度趋势，按日历期对齐
经营现金流HPSDRL
| Q4 25 | $182.4M | $-40.0M | ||
| Q3 25 | $206.9M | $28.0M | ||
| Q2 25 | $121.6M | $11.0M | ||
| Q1 25 | $56.0M | $-27.0M | ||
| Q4 24 | $158.4M | — | ||
| Q3 24 | $168.8M | $-27.0M | ||
| Q2 24 | $197.4M | $79.0M | ||
| Q1 24 | $143.7M | $29.0M |
自由现金流HPSDRL
| Q4 25 | $114.9M | — | ||
| Q3 25 | $142.8M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-102.7M | — | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $62.8M | — | ||
| Q2 24 | $63.0M | — | ||
| Q1 24 | $25.4M | — |
自由现金流率HPSDRL
| Q4 25 | 11.7% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | -10.1% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 3.7% | — |
资本支出强度HPSDRL
| Q4 25 | 6.9% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 15.3% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 17.3% | — |
现金转化率HPSDRL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 33.89× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 2.24× | -0.84× | ||
| Q2 24 | 2.23× | 0.31× | ||
| Q1 24 | 1.69× | 0.48× |
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% |
SDRL
暂无分部数据
