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亨斯迈（HUN）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
亨斯迈的季度营收约是越洋钻探的1.3倍（$1.4B vs $1.0B），越洋钻探净利率更高（2.4% vs -7.1%，领先9.5%），越洋钻探同比增速更快（9.6% vs -6.7%），越洋钻探自由现金流更多（$321.0M vs $19.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs RIG — 直观对比
营收规模更大
HUN
是对方的1.3倍
$1.0B
营收增速更快
RIG
高出16.2%
-6.7%
净利率更高
RIG
高出9.5%
-7.1%
自由现金流更多
RIG
多$302.0M
$19.0M
两年增速更快
RIG
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $-96.0M | $25.0M |
| 毛利率 | 12.1% | 42.0% |
| 营业利润率 | -4.4% | 23.0% |
| 净利率 | -7.1% | 2.4% |
| 营收同比 | -6.7% | 9.6% |
| 净利润同比 | 31.9% | 257.1% |
| 每股收益（稀释后） | $-0.56 | $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HUNRIG
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $988.0M | ||
| Q1 25 | $1.4B | $906.0M | ||
| Q4 24 | $1.5B | $952.0M | ||
| Q3 24 | $1.5B | $948.0M | ||
| Q2 24 | $1.6B | $861.0M | ||
| Q1 24 | $1.5B | $763.0M |
净利润HUNRIG
| Q4 25 | $-96.0M | $25.0M | ||
| Q3 25 | $-25.0M | $-1.9B | ||
| Q2 25 | $-158.0M | $-938.0M | ||
| Q1 25 | $-5.0M | $-79.0M | ||
| Q4 24 | $-141.0M | $7.0M | ||
| Q3 24 | $-33.0M | $-494.0M | ||
| Q2 24 | $22.0M | $-123.0M | ||
| Q1 24 | $-37.0M | $98.0M |
毛利率HUNRIG
| Q4 25 | 12.1% | 42.0% | ||
| Q3 25 | 14.0% | 43.2% | ||
| Q2 25 | 12.5% | 39.4% | ||
| Q1 25 | 14.3% | 31.8% | ||
| Q4 24 | 12.9% | 39.2% | ||
| Q3 24 | 15.2% | 40.6% | ||
| Q2 24 | 15.4% | 38.0% | ||
| Q1 24 | 13.7% | 31.5% |
营业利润率HUNRIG
| Q4 25 | -4.4% | 23.0% | ||
| Q3 25 | 0.4% | -163.1% | ||
| Q2 25 | -8.2% | -97.6% | ||
| Q1 25 | 3.0% | 7.1% | ||
| Q4 24 | -4.3% | 13.7% | ||
| Q3 24 | 2.7% | -51.2% | ||
| Q2 24 | 2.2% | -6.9% | ||
| Q1 24 | -2.6% | -0.4% |
净利率HUNRIG
| Q4 25 | -7.1% | 2.4% | ||
| Q3 25 | -1.7% | -187.1% | ||
| Q2 25 | -10.8% | -94.9% | ||
| Q1 25 | -0.4% | -8.7% | ||
| Q4 24 | -9.7% | 0.7% | ||
| Q3 24 | -2.1% | -52.1% | ||
| Q2 24 | 1.4% | -14.3% | ||
| Q1 24 | -2.5% | 12.8% |
每股收益（稀释后）HUNRIG
| Q4 25 | $-0.56 | $0.13 | ||
| Q3 25 | $-0.14 | $-2.00 | ||
| Q2 25 | $-0.92 | $-1.06 | ||
| Q1 25 | $-0.03 | $-0.11 | ||
| Q4 24 | $-0.82 | $-0.14 | ||
| Q3 24 | $-0.19 | $-0.58 | ||
| Q2 24 | $0.13 | $-0.15 | ||
| Q1 24 | $-0.22 | $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 | $429.0M | $620.0M |
| 总债务越低越好 | $2.0B | $5.2B |
| 股东权益账面价值 | $2.8B | $8.1B |
| 总资产 | $7.0B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.73× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资HUNRIG
| Q4 25 | $429.0M | $620.0M | ||
| Q3 25 | $468.0M | $833.0M | ||
| Q2 25 | $399.0M | $377.0M | ||
| Q1 25 | $334.0M | $263.0M | ||
| Q4 24 | $340.0M | $560.0M | ||
| Q3 24 | $330.0M | $435.0M | ||
| Q2 24 | $335.0M | $475.0M | ||
| Q1 24 | $552.0M | $446.0M |
总债务HUNRIG
| Q4 25 | $2.0B | $5.2B | ||
| Q3 25 | $2.0B | $4.8B | ||
| Q2 25 | $2.0B | $5.9B | ||
| Q1 25 | $2.0B | $5.9B | ||
| Q4 24 | $1.8B | $6.2B | ||
| Q3 24 | $1.9B | $6.5B | ||
| Q2 24 | $1.9B | $6.8B | ||
| Q1 24 | $2.1B | $6.8B |
股东权益HUNRIG
| Q4 25 | $2.8B | $8.1B | ||
| Q3 25 | $2.8B | $8.1B | ||
| Q2 25 | $2.8B | $9.4B | ||
| Q1 25 | $3.0B | $10.2B | ||
| Q4 24 | $3.0B | $10.3B | ||
| Q3 24 | $3.1B | $10.2B | ||
| Q2 24 | $3.1B | $10.7B | ||
| Q1 24 | $3.2B | $10.5B |
总资产HUNRIG
| Q4 25 | $7.0B | $15.6B | ||
| Q3 25 | $7.1B | $16.2B | ||
| Q2 25 | $7.1B | $17.8B | ||
| Q1 25 | $7.2B | $19.0B | ||
| Q4 24 | $7.1B | $19.4B | ||
| Q3 24 | $7.3B | $19.5B | ||
| Q2 24 | $7.3B | $20.3B | ||
| Q1 24 | $7.6B | $19.9B |
负债/权益比HUNRIG
| Q4 25 | 0.73× | 0.64× | ||
| Q3 25 | 0.73× | 0.60× | ||
| Q2 25 | 0.72× | 0.63× | ||
| Q1 25 | 0.66× | 0.58× | ||
| Q4 24 | 0.62× | 0.60× | ||
| Q3 24 | 0.60× | 0.64× | ||
| Q2 24 | 0.62× | 0.63× | ||
| Q1 24 | 0.65× | 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 | $76.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 1.4% | 30.8% |
| 资本支出强度资本支出/营收 | 4.2% | 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 | $116.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流HUNRIG
| Q4 25 | $76.0M | $349.0M | ||
| Q3 25 | $196.0M | $246.0M | ||
| Q2 25 | $91.0M | $128.0M | ||
| Q1 25 | $-74.0M | $26.0M | ||
| Q4 24 | $153.0M | $206.0M | ||
| Q3 24 | $129.0M | $194.0M | ||
| Q2 24 | $46.0M | $133.0M | ||
| Q1 24 | $-65.0M | $-86.0M |
自由现金流HUNRIG
| Q4 25 | $19.0M | $321.0M | ||
| Q3 25 | $153.0M | $235.0M | ||
| Q2 25 | $54.0M | $104.0M | ||
| Q1 25 | $-110.0M | $-34.0M | ||
| Q4 24 | $102.0M | $177.0M | ||
| Q3 24 | $88.0M | $136.0M | ||
| Q2 24 | $-4.0M | $49.0M | ||
| Q1 24 | $-107.0M | $-169.0M |
自由现金流率HUNRIG
| Q4 25 | 1.4% | 30.8% | ||
| Q3 25 | 10.5% | 22.9% | ||
| Q2 25 | 3.7% | 10.5% | ||
| Q1 25 | -7.8% | -3.8% | ||
| Q4 24 | 7.0% | 18.6% | ||
| Q3 24 | 5.7% | 14.3% | ||
| Q2 24 | -0.3% | 5.7% | ||
| Q1 24 | -7.3% | -22.1% |
资本支出强度HUNRIG
| Q4 25 | 4.2% | 2.7% | ||
| Q3 25 | 2.9% | 1.1% | ||
| Q2 25 | 2.5% | 2.4% | ||
| Q1 25 | 2.6% | 6.6% | ||
| Q4 24 | 3.5% | 3.0% | ||
| Q3 24 | 2.7% | 6.1% | ||
| Q2 24 | 3.2% | 9.8% | ||
| Q1 24 | 2.9% | 10.9% |
现金转化率HUNRIG
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.09× | — | ||
| Q1 24 | — | -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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
