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KIRBY CORP（KEX）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KIRBY CORP的1.2倍（$1.0B vs $851.8M），KIRBY CORP净利率更高（10.8% vs 2.4%，领先8.4%），越洋钻探同比增速更快（9.6% vs 6.2%），越洋钻探自由现金流更多（$321.0M vs $265.2M），过去两年越洋钻探的营收复合增速更高（16.9% vs 2.7%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs RIG — 直观对比
营收规模更大
RIG
是对方的1.2倍
$851.8M
营收增速更快
RIG
高出3.4%
6.2%
净利率更高
KEX
高出8.4%
2.4%
自由现金流更多
RIG
多$55.8M
$265.2M
两年增速更快
RIG
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $1.0B |
| 净利润 | $91.8M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 15.2% | 23.0% |
| 净利率 | 10.8% | 2.4% |
| 营收同比 | 6.2% | 9.6% |
| 净利润同比 | 114.4% | 257.1% |
| 每股收益（稀释后） | $1.68 | $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KEXRIG
| Q4 25 | $851.8M | $1.0B | ||
| Q3 25 | $871.2M | $1.0B | ||
| Q2 25 | $855.5M | $988.0M | ||
| Q1 25 | $785.7M | $906.0M | ||
| Q4 24 | $802.3M | $952.0M | ||
| Q3 24 | $831.1M | $948.0M | ||
| Q2 24 | $824.4M | $861.0M | ||
| Q1 24 | $808.0M | $763.0M |
净利润KEXRIG
| Q4 25 | $91.8M | $25.0M | ||
| Q3 25 | $92.5M | $-1.9B | ||
| Q2 25 | $94.3M | $-938.0M | ||
| Q1 25 | $76.0M | $-79.0M | ||
| Q4 24 | $42.8M | $7.0M | ||
| Q3 24 | $90.0M | $-494.0M | ||
| Q2 24 | $83.9M | $-123.0M | ||
| Q1 24 | $70.1M | $98.0M |
毛利率KEXRIG
| 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KEXRIG
| Q4 25 | 15.2% | 23.0% | ||
| Q3 25 | 14.8% | -163.1% | ||
| Q2 25 | 15.4% | -97.6% | ||
| Q1 25 | 13.4% | 7.1% | ||
| Q4 24 | 6.3% | 13.7% | ||
| Q3 24 | 15.3% | -51.2% | ||
| Q2 24 | 14.6% | -6.9% | ||
| Q1 24 | 12.6% | -0.4% |
净利率KEXRIG
| Q4 25 | 10.8% | 2.4% | ||
| Q3 25 | 10.6% | -187.1% | ||
| Q2 25 | 11.0% | -94.9% | ||
| Q1 25 | 9.7% | -8.7% | ||
| Q4 24 | 5.3% | 0.7% | ||
| Q3 24 | 10.8% | -52.1% | ||
| Q2 24 | 10.2% | -14.3% | ||
| Q1 24 | 8.7% | 12.8% |
每股收益（稀释后）KEXRIG
| Q4 25 | $1.68 | $0.13 | ||
| Q3 25 | $1.65 | $-2.00 | ||
| Q2 25 | $1.67 | $-1.06 | ||
| Q1 25 | $1.33 | $-0.11 | ||
| Q4 24 | $0.74 | $-0.14 | ||
| Q3 24 | $1.55 | $-0.58 | ||
| Q2 24 | $1.43 | $-0.15 | ||
| Q1 24 | $1.19 | $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 | $78.8M | $620.0M |
| 总债务越低越好 | $919.3M | $5.2B |
| 股东权益账面价值 | $3.4B | $8.1B |
| 总资产 | $6.0B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资KEXRIG
| Q4 25 | $78.8M | $620.0M | ||
| Q3 25 | $47.0M | $833.0M | ||
| Q2 25 | $68.4M | $377.0M | ||
| Q1 25 | $51.1M | $263.0M | ||
| Q4 24 | $74.4M | $560.0M | ||
| Q3 24 | $67.1M | $435.0M | ||
| Q2 24 | $53.5M | $475.0M | ||
| Q1 24 | $75.2M | $446.0M |
总债务KEXRIG
| Q4 25 | $919.3M | $5.2B | ||
| Q3 25 | $1.0B | $4.8B | ||
| Q2 25 | $1.1B | $5.9B | ||
| Q1 25 | $1.1B | $5.9B | ||
| Q4 24 | $874.9M | $6.2B | ||
| Q3 24 | $978.6M | $6.5B | ||
| Q2 24 | $1.0B | $6.8B | ||
| Q1 24 | $1.1B | $6.8B |
股东权益KEXRIG
| Q4 25 | $3.4B | $8.1B | ||
| Q3 25 | $3.4B | $8.1B | ||
| Q2 25 | $3.4B | $9.4B | ||
| Q1 25 | $3.3B | $10.2B | ||
| Q4 24 | $3.4B | $10.3B | ||
| Q3 24 | $3.3B | $10.2B | ||
| Q2 24 | $3.3B | $10.7B | ||
| Q1 24 | $3.2B | $10.5B |
总资产KEXRIG
| Q4 25 | $6.0B | $15.6B | ||
| Q3 25 | $6.1B | $16.2B | ||
| Q2 25 | $6.1B | $17.8B | ||
| Q1 25 | $6.0B | $19.0B | ||
| Q4 24 | $5.9B | $19.4B | ||
| Q3 24 | $5.9B | $19.5B | ||
| Q2 24 | $5.9B | $20.3B | ||
| Q1 24 | $5.8B | $19.9B |
负债/权益比KEXRIG
| Q4 25 | 0.27× | 0.64× | ||
| Q3 25 | 0.31× | 0.60× | ||
| Q2 25 | 0.33× | 0.63× | ||
| Q1 25 | 0.33× | 0.58× | ||
| Q4 24 | 0.26× | 0.60× | ||
| Q3 24 | 0.30× | 0.64× | ||
| Q2 24 | 0.32× | 0.63× | ||
| Q1 24 | 0.33× | 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 | $312.2M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $321.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 30.8% |
| 资本支出强度资本支出/营收 | 5.5% | 2.7% |
| 现金转化率经营现金流/净利润 | 3.40× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $405.7M | $626.0M |
8季度趋势，按日历期对齐
经营现金流KEXRIG
| Q4 25 | $312.2M | $349.0M | ||
| Q3 25 | $227.5M | $246.0M | ||
| Q2 25 | $93.9M | $128.0M | ||
| Q1 25 | $36.5M | $26.0M | ||
| Q4 24 | $247.4M | $206.0M | ||
| Q3 24 | $206.5M | $194.0M | ||
| Q2 24 | $179.3M | $133.0M | ||
| Q1 24 | $123.3M | $-86.0M |
自由现金流KEXRIG
| Q4 25 | $265.2M | $321.0M | ||
| Q3 25 | $160.3M | $235.0M | ||
| Q2 25 | $22.4M | $104.0M | ||
| Q1 25 | $-42.1M | $-34.0M | ||
| Q4 24 | $150.7M | $177.0M | ||
| Q3 24 | $130.1M | $136.0M | ||
| Q2 24 | $90.8M | $49.0M | ||
| Q1 24 | $42.2M | $-169.0M |
自由现金流率KEXRIG
| Q4 25 | 31.1% | 30.8% | ||
| Q3 25 | 18.4% | 22.9% | ||
| Q2 25 | 2.6% | 10.5% | ||
| Q1 25 | -5.4% | -3.8% | ||
| Q4 24 | 18.8% | 18.6% | ||
| Q3 24 | 15.7% | 14.3% | ||
| Q2 24 | 11.0% | 5.7% | ||
| Q1 24 | 5.2% | -22.1% |
资本支出强度KEXRIG
| Q4 25 | 5.5% | 2.7% | ||
| Q3 25 | 7.7% | 1.1% | ||
| Q2 25 | 8.4% | 2.4% | ||
| Q1 25 | 10.0% | 6.6% | ||
| Q4 24 | 12.0% | 3.0% | ||
| Q3 24 | 9.2% | 6.1% | ||
| Q2 24 | 10.7% | 9.8% | ||
| Q1 24 | 10.0% | 10.9% |
现金转化率KEXRIG
| Q4 25 | 3.40× | 13.96× | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 5.78× | 29.43× | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.76× | -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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
