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MARINEMAX INC（HZO）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MARINEMAX INC的2.0倍（$1.0B vs $527.4M），越洋钻探同比增速更快（9.6% vs -16.5%），过去两年越洋钻探的营收复合增速更高（16.9% vs -16.6%）
MarineMax Inc.是美国头部休闲船舶及游艇零售商，主营全新及二手休闲船艇销售，同时提供船舶维保、金融服务、保险、游艇租赁及航海主题活动等配套服务，覆盖北美市场的私人航海爱好者群体。
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。
HZO vs RIG — 直观对比
营收规模更大
RIG
是对方的2.0倍
$527.4M
营收增速更快
RIG
高出26.0%
-16.5%
两年增速更快
RIG
近两年复合增速
-16.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $1.0B |
| 净利润 | — | $25.0M |
| 毛利率 | 34.4% | 42.0% |
| 营业利润率 | 2.1% | 23.0% |
| 净利率 | — | 2.4% |
| 营收同比 | -16.5% | 9.6% |
| 净利润同比 | — | 257.1% |
| 每股收益（稀释后） | $0.14 | $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HZORIG
| Q1 26 | $527.4M | — | ||
| Q4 25 | $505.2M | $1.0B | ||
| Q3 25 | $552.2M | $1.0B | ||
| Q2 25 | $657.2M | $988.0M | ||
| Q1 25 | $631.5M | $906.0M | ||
| Q4 24 | $468.5M | $952.0M | ||
| Q3 24 | $563.1M | $948.0M | ||
| Q2 24 | $757.7M | $861.0M |
净利润HZORIG
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $25.0M | ||
| Q3 25 | $-851.0K | $-1.9B | ||
| Q2 25 | $-52.1M | $-938.0M | ||
| Q1 25 | $3.3M | $-79.0M | ||
| Q4 24 | $18.1M | $7.0M | ||
| Q3 24 | $4.0M | $-494.0M | ||
| Q2 24 | $31.6M | $-123.0M |
毛利率HZORIG
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | 42.0% | ||
| Q3 25 | 34.7% | 43.2% | ||
| Q2 25 | 30.4% | 39.4% | ||
| Q1 25 | 30.0% | 31.8% | ||
| Q4 24 | 36.2% | 39.2% | ||
| Q3 24 | 34.3% | 40.6% | ||
| Q2 24 | 32.0% | 38.0% |
营业利润率HZORIG
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | 23.0% | ||
| Q3 25 | 2.5% | -163.1% | ||
| Q2 25 | -6.3% | -97.6% | ||
| Q1 25 | 3.6% | 7.1% | ||
| Q4 24 | 8.3% | 13.7% | ||
| Q3 24 | 4.8% | -51.2% | ||
| Q2 24 | 8.1% | -6.9% |
净利率HZORIG
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 2.4% | ||
| Q3 25 | -0.2% | -187.1% | ||
| Q2 25 | -7.9% | -94.9% | ||
| Q1 25 | 0.5% | -8.7% | ||
| Q4 24 | 3.9% | 0.7% | ||
| Q3 24 | 0.7% | -52.1% | ||
| Q2 24 | 4.2% | -14.3% |
每股收益（稀释后）HZORIG
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $0.13 | ||
| Q3 25 | $0.08 | $-2.00 | ||
| Q2 25 | $-2.42 | $-1.06 | ||
| Q1 25 | $0.14 | $-0.11 | ||
| Q4 24 | $0.77 | $-0.14 | ||
| Q3 24 | $0.17 | $-0.58 | ||
| Q2 24 | $1.37 | $-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 | $189.1M | $620.0M |
| 总债务越低越好 | $338.7M | $5.2B |
| 股东权益账面价值 | — | $8.1B |
| 总资产 | $2.4B | $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HZORIG
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $620.0M | ||
| Q3 25 | $170.4M | $833.0M | ||
| Q2 25 | $151.0M | $377.0M | ||
| Q1 25 | $203.5M | $263.0M | ||
| Q4 24 | $145.0M | $560.0M | ||
| Q3 24 | $224.3M | $435.0M | ||
| Q2 24 | $242.4M | $475.0M |
总债务HZORIG
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | $393.2M | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | $391.2M | $6.5B | ||
| Q2 24 | — | $6.8B |
股东权益HZORIG
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $8.1B | ||
| Q3 25 | $937.2M | $8.1B | ||
| Q2 25 | $940.5M | $9.4B | ||
| Q1 25 | $993.4M | $10.2B | ||
| Q4 24 | $993.5M | $10.3B | ||
| Q3 24 | $975.8M | $10.2B | ||
| Q2 24 | $967.6M | $10.7B |
总资产HZORIG
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $15.6B | ||
| Q3 25 | $2.5B | $16.2B | ||
| Q2 25 | $2.5B | $17.8B | ||
| Q1 25 | $2.7B | $19.0B | ||
| Q4 24 | $2.6B | $19.4B | ||
| Q3 24 | $2.6B | $19.5B | ||
| Q2 24 | $2.6B | $20.3B |
负债/权益比HZORIG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 0.42× | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | 0.40× | 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 | — | $349.0M |
| 自由现金流经营现金流 - 资本支出 | — | $321.0M |
| 自由现金流率自由现金流/营收 | — | 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 | — | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流HZORIG
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | $349.0M | ||
| Q3 25 | $61.5M | $246.0M | ||
| Q2 25 | $84.9M | $128.0M | ||
| Q1 25 | $72.5M | $26.0M | ||
| Q4 24 | $-146.1M | $206.0M | ||
| Q3 24 | $-782.0K | $194.0M | ||
| Q2 24 | $86.3M | $133.0M |
自由现金流HZORIG
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $321.0M | ||
| Q3 25 | $48.0M | $235.0M | ||
| Q2 25 | $68.5M | $104.0M | ||
| Q1 25 | $59.8M | $-34.0M | ||
| Q4 24 | $-164.4M | $177.0M | ||
| Q3 24 | $-17.5M | $136.0M | ||
| Q2 24 | $71.1M | $49.0M |
自由现金流率HZORIG
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 30.8% | ||
| Q3 25 | 8.7% | 22.9% | ||
| Q2 25 | 10.4% | 10.5% | ||
| Q1 25 | 9.5% | -3.8% | ||
| Q4 24 | -35.1% | 18.6% | ||
| Q3 24 | -3.1% | 14.3% | ||
| Q2 24 | 9.4% | 5.7% |
资本支出强度HZORIG
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 2.7% | ||
| Q3 25 | 2.4% | 1.1% | ||
| Q2 25 | 2.5% | 2.4% | ||
| Q1 25 | 2.0% | 6.6% | ||
| Q4 24 | 3.9% | 3.0% | ||
| Q3 24 | 3.0% | 6.1% | ||
| Q2 24 | 2.0% | 9.8% |
现金转化率HZORIG
| Q1 26 | — | — | ||
| Q4 25 | — | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 21.97× | — | ||
| Q4 24 | -8.09× | 29.43× | ||
| Q3 24 | -0.20× | — | ||
| Q2 24 | 2.74× | — |
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
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
