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Idexx Laboratories（IDXX）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
Idexx Laboratories的季度营收约是越洋钻探的1.0倍（$1.1B vs $1.0B），Idexx Laboratories净利率更高（22.8% vs 2.4%，领先20.4%），Idexx Laboratories同比增速更快（14.3% vs 9.6%），Idexx Laboratories自由现金流更多（$326.3M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 6.4%）
IDEXX Laboratories是1983年成立的美国跨国企业，主营伴侣动物诊疗、畜禽养殖、水质检测、乳制品领域相关产品与服务的研发、生产及分销，总部位于缅因州韦斯特布鲁克，欧洲、中东及非洲地区分部设于荷兰霍夫多普。
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。
IDXX vs RIG — 直观对比
营收规模更大
IDXX
是对方的1.0倍
$1.0B
营收增速更快
IDXX
高出4.7%
9.6%
净利率更高
IDXX
高出20.4%
2.4%
自由现金流更多
IDXX
多$5.3M
$321.0M
两年增速更快
RIG
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $248.2M | $25.0M |
| 毛利率 | 60.3% | 42.0% |
| 营业利润率 | 28.9% | 23.0% |
| 净利率 | 22.8% | 2.4% |
| 营收同比 | 14.3% | 9.6% |
| 净利润同比 | 14.8% | 257.1% |
| 每股收益（稀释后） | $3.09 | $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IDXXRIG
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $988.0M | ||
| Q1 25 | $998.4M | $906.0M | ||
| Q4 24 | $954.3M | $952.0M | ||
| Q3 24 | $975.5M | $948.0M | ||
| Q2 24 | $1.0B | $861.0M | ||
| Q1 24 | $964.1M | $763.0M |
净利润IDXXRIG
| Q4 25 | $248.2M | $25.0M | ||
| Q3 25 | $274.6M | $-1.9B | ||
| Q2 25 | $294.0M | $-938.0M | ||
| Q1 25 | $242.7M | $-79.0M | ||
| Q4 24 | $216.1M | $7.0M | ||
| Q3 24 | $232.8M | $-494.0M | ||
| Q2 24 | $203.3M | $-123.0M | ||
| Q1 24 | $235.6M | $98.0M |
毛利率IDXXRIG
| Q4 25 | 60.3% | 42.0% | ||
| Q3 25 | 61.8% | 43.2% | ||
| Q2 25 | 62.6% | 39.4% | ||
| Q1 25 | 62.4% | 31.8% | ||
| Q4 24 | 59.8% | 39.2% | ||
| Q3 24 | 61.1% | 40.6% | ||
| Q2 24 | 61.7% | 38.0% | ||
| Q1 24 | 61.5% | 31.5% |
营业利润率IDXXRIG
| Q4 25 | 28.9% | 23.0% | ||
| Q3 25 | 32.1% | -163.1% | ||
| Q2 25 | 33.6% | -97.6% | ||
| Q1 25 | 31.7% | 7.1% | ||
| Q4 24 | 27.4% | 13.7% | ||
| Q3 24 | 31.2% | -51.2% | ||
| Q2 24 | 26.3% | -6.9% | ||
| Q1 24 | 31.0% | -0.4% |
净利率IDXXRIG
| Q4 25 | 22.8% | 2.4% | ||
| Q3 25 | 24.8% | -187.1% | ||
| Q2 25 | 26.5% | -94.9% | ||
| Q1 25 | 24.3% | -8.7% | ||
| Q4 24 | 22.7% | 0.7% | ||
| Q3 24 | 23.9% | -52.1% | ||
| Q2 24 | 20.3% | -14.3% | ||
| Q1 24 | 24.4% | 12.8% |
每股收益（稀释后）IDXXRIG
| Q4 25 | $3.09 | $0.13 | ||
| Q3 25 | $3.40 | $-2.00 | ||
| Q2 25 | $3.63 | $-1.06 | ||
| Q1 25 | $2.96 | $-0.11 | ||
| Q4 24 | $2.62 | $-0.14 | ||
| Q3 24 | $2.80 | $-0.58 | ||
| Q2 24 | $2.44 | $-0.15 | ||
| Q1 24 | $2.81 | $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 | $180.1M | $620.0M |
| 总债务越低越好 | $450.0M | $5.2B |
| 股东权益账面价值 | $1.6B | $8.1B |
| 总资产 | $3.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资IDXXRIG
| Q4 25 | $180.1M | $620.0M | ||
| Q3 25 | $208.2M | $833.0M | ||
| Q2 25 | $164.6M | $377.0M | ||
| Q1 25 | $164.0M | $263.0M | ||
| Q4 24 | $288.3M | $560.0M | ||
| Q3 24 | $308.6M | $435.0M | ||
| Q2 24 | $401.6M | $475.0M | ||
| Q1 24 | $397.4M | $446.0M |
总债务IDXXRIG
| Q4 25 | $450.0M | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $617.8M | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益IDXXRIG
| Q4 25 | $1.6B | $8.1B | ||
| Q3 25 | $1.6B | $8.1B | ||
| Q2 25 | $1.5B | $9.4B | ||
| Q1 25 | $1.4B | $10.2B | ||
| Q4 24 | $1.6B | $10.3B | ||
| Q3 24 | $1.6B | $10.2B | ||
| Q2 24 | $1.6B | $10.7B | ||
| Q1 24 | $1.6B | $10.5B |
总资产IDXXRIG
| Q4 25 | $3.4B | $15.6B | ||
| Q3 25 | $3.4B | $16.2B | ||
| Q2 25 | $3.3B | $17.8B | ||
| Q1 25 | $3.2B | $19.0B | ||
| Q4 24 | $3.3B | $19.4B | ||
| Q3 24 | $3.4B | $19.5B | ||
| Q2 24 | $3.4B | $20.3B | ||
| Q1 24 | $3.4B | $19.9B |
负债/权益比IDXXRIG
| Q4 25 | 0.28× | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 0.39× | 0.60× | ||
| Q3 24 | — | 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 | $355.8M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $326.3M | $321.0M |
| 自由现金流率自由现金流/营收 | 29.9% | 30.8% |
| 资本支出强度资本支出/营收 | 2.7% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.43× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $626.0M |
8季度趋势，按日历期对齐
经营现金流IDXXRIG
| Q4 25 | $355.8M | $349.0M | ||
| Q3 25 | $402.3M | $246.0M | ||
| Q2 25 | $185.7M | $128.0M | ||
| Q1 25 | $238.0M | $26.0M | ||
| Q4 24 | $262.0M | $206.0M | ||
| Q3 24 | $220.1M | $194.0M | ||
| Q2 24 | $248.3M | $133.0M | ||
| Q1 24 | $198.6M | $-86.0M |
自由现金流IDXXRIG
| Q4 25 | $326.3M | $321.0M | ||
| Q3 25 | $371.2M | $235.0M | ||
| Q2 25 | $151.6M | $104.0M | ||
| Q1 25 | $207.9M | $-34.0M | ||
| Q4 24 | $232.8M | $177.0M | ||
| Q3 24 | $192.0M | $136.0M | ||
| Q2 24 | $215.0M | $49.0M | ||
| Q1 24 | $168.3M | $-169.0M |
自由现金流率IDXXRIG
| Q4 25 | 29.9% | 30.8% | ||
| Q3 25 | 33.6% | 22.9% | ||
| Q2 25 | 13.7% | 10.5% | ||
| Q1 25 | 20.8% | -3.8% | ||
| Q4 24 | 24.4% | 18.6% | ||
| Q3 24 | 19.7% | 14.3% | ||
| Q2 24 | 21.4% | 5.7% | ||
| Q1 24 | 17.5% | -22.1% |
资本支出强度IDXXRIG
| Q4 25 | 2.7% | 2.7% | ||
| Q3 25 | 2.8% | 1.1% | ||
| Q2 25 | 3.1% | 2.4% | ||
| Q1 25 | 3.0% | 6.6% | ||
| Q4 24 | 3.1% | 3.0% | ||
| Q3 24 | 2.9% | 6.1% | ||
| Q2 24 | 3.3% | 9.8% | ||
| Q1 24 | 3.1% | 10.9% |
现金转化率IDXXRIG
| Q4 25 | 1.43× | 13.96× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.21× | 29.43× | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.22× | — | ||
| Q1 24 | 0.84× | -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
IDXX
| Vet Lab Consumables | $389.0M | 36% |
| Reference Laboratory Diagnostic And Consulting Services | $349.2M | 32% |
| Rapid Assay Products | $76.0M | 7% |
| Recurring Revenue | $70.6M | 6% |
| CAG Diagnostic Capital Instruments | $58.1M | 5% |
| Water Segment | $50.5M | 5% |
| Livestock And Poultry Diagnostics Segment | $37.5M | 3% |
| CAG Diagnostics Service And Accessories | $35.3M | 3% |
| Systems And Hardware | $20.1M | 2% |
| Rebate And Up Front Considerations Arrangements | $2.4M | 0% |
| Extended Warranties And Post Contract Support Revenue | $1.0M | 0% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
