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是德科技（KEYS）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
是德科技的季度营收约是越洋钻探的1.4倍（$1.4B vs $1.0B），是德科技净利率更高（16.4% vs 2.4%，领先14.0%），是德科技同比增速更快（10.3% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $187.0M），过去两年越洋钻探的营收复合增速更高（16.9% vs 6.2%）
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
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。
KEYS vs RIG — 直观对比
营收规模更大
KEYS
是对方的1.4倍
$1.0B
营收增速更快
KEYS
高出0.7%
9.6%
净利率更高
KEYS
高出14.0%
2.4%
自由现金流更多
RIG
多$134.0M
$187.0M
两年增速更快
RIG
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.0B |
| 净利润 | $233.0M | $25.0M |
| 毛利率 | 61.2% | 42.0% |
| 营业利润率 | 15.3% | 23.0% |
| 净利率 | 16.4% | 2.4% |
| 营收同比 | 10.3% | 9.6% |
| 净利润同比 | 419.2% | 257.1% |
| 每股收益（稀释后） | $1.35 | $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KEYSRIG
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.3B | $988.0M | ||
| Q1 25 | $1.3B | $906.0M | ||
| Q4 24 | $1.3B | $952.0M | ||
| Q3 24 | $1.2B | $948.0M | ||
| Q2 24 | $1.2B | $861.0M | ||
| Q1 24 | $1.3B | $763.0M |
净利润KEYSRIG
| Q4 25 | $233.0M | $25.0M | ||
| Q3 25 | $191.0M | $-1.9B | ||
| Q2 25 | $257.0M | $-938.0M | ||
| Q1 25 | $169.0M | $-79.0M | ||
| Q4 24 | $-73.0M | $7.0M | ||
| Q3 24 | $389.0M | $-494.0M | ||
| Q2 24 | $126.0M | $-123.0M | ||
| Q1 24 | $172.0M | $98.0M |
毛利率KEYSRIG
| Q4 25 | 61.2% | 42.0% | ||
| Q3 25 | 61.7% | 43.2% | ||
| Q2 25 | 62.3% | 39.4% | ||
| Q1 25 | 63.2% | 31.8% | ||
| Q4 24 | 62.3% | 39.2% | ||
| Q3 24 | 62.0% | 40.6% | ||
| Q2 24 | 62.7% | 38.0% | ||
| Q1 24 | 64.6% | 31.5% |
营业利润率KEYSRIG
| Q4 25 | 15.3% | 23.0% | ||
| Q3 25 | 17.3% | -163.1% | ||
| Q2 25 | 15.8% | -97.6% | ||
| Q1 25 | 16.8% | 7.1% | ||
| Q4 24 | 17.9% | 13.7% | ||
| Q3 24 | 16.8% | -51.2% | ||
| Q2 24 | 14.6% | -6.9% | ||
| Q1 24 | 17.6% | -0.4% |
净利率KEYSRIG
| Q4 25 | 16.4% | 2.4% | ||
| Q3 25 | 14.1% | -187.1% | ||
| Q2 25 | 19.7% | -94.9% | ||
| Q1 25 | 13.0% | -8.7% | ||
| Q4 24 | -5.7% | 0.7% | ||
| Q3 24 | 32.0% | -52.1% | ||
| Q2 24 | 10.4% | -14.3% | ||
| Q1 24 | 13.7% | 12.8% |
每股收益（稀释后）KEYSRIG
| Q4 25 | $1.35 | $0.13 | ||
| Q3 25 | $1.10 | $-2.00 | ||
| Q2 25 | $1.49 | $-1.06 | ||
| Q1 25 | $0.97 | $-0.11 | ||
| Q4 24 | $-0.41 | $-0.14 | ||
| Q3 24 | $2.22 | $-0.58 | ||
| Q2 24 | $0.72 | $-0.15 | ||
| Q1 24 | $0.98 | $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 | $1.9B | $620.0M |
| 总债务越低越好 | $2.5B | $5.2B |
| 股东权益账面价值 | $5.9B | $8.1B |
| 总资产 | $11.3B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资KEYSRIG
| Q4 25 | $1.9B | $620.0M | ||
| Q3 25 | $2.6B | $833.0M | ||
| Q2 25 | $3.1B | $377.0M | ||
| Q1 25 | $2.1B | $263.0M | ||
| Q4 24 | $1.8B | $560.0M | ||
| Q3 24 | $1.6B | $435.0M | ||
| Q2 24 | $1.7B | $475.0M | ||
| Q1 24 | $1.7B | $446.0M |
总债务KEYSRIG
| Q4 25 | $2.5B | $5.2B | ||
| Q3 25 | $2.5B | $4.8B | ||
| Q2 25 | $2.5B | $5.9B | ||
| Q1 25 | $1.8B | $5.9B | ||
| Q4 24 | $1.8B | $6.2B | ||
| Q3 24 | $1.8B | $6.5B | ||
| Q2 24 | $1.8B | $6.8B | ||
| Q1 24 | $1.8B | $6.8B |
股东权益KEYSRIG
| Q4 25 | $5.9B | $8.1B | ||
| Q3 25 | $5.7B | $8.1B | ||
| Q2 25 | $5.5B | $9.4B | ||
| Q1 25 | $5.2B | $10.2B | ||
| Q4 24 | $5.1B | $10.3B | ||
| Q3 24 | $5.2B | $10.2B | ||
| Q2 24 | $4.9B | $10.7B | ||
| Q1 24 | $4.8B | $10.5B |
总资产KEYSRIG
| Q4 25 | $11.3B | $15.6B | ||
| Q3 25 | $10.7B | $16.2B | ||
| Q2 25 | $10.5B | $17.8B | ||
| Q1 25 | $9.4B | $19.0B | ||
| Q4 24 | $9.3B | $19.4B | ||
| Q3 24 | $9.3B | $19.5B | ||
| Q2 24 | $9.0B | $20.3B | ||
| Q1 24 | $9.1B | $19.9B |
负债/权益比KEYSRIG
| Q4 25 | 0.43× | 0.64× | ||
| Q3 25 | 0.45× | 0.60× | ||
| Q2 25 | 0.46× | 0.63× | ||
| Q1 25 | 0.35× | 0.58× | ||
| Q4 24 | 0.35× | 0.60× | ||
| Q3 24 | 0.34× | 0.64× | ||
| Q2 24 | 0.37× | 0.63× | ||
| Q1 24 | 0.38× | 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 | $225.0M | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $187.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 13.2% | 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 | 0.97× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $626.0M |
8季度趋势，按日历期对齐
经营现金流KEYSRIG
| Q4 25 | $225.0M | $349.0M | ||
| Q3 25 | $322.0M | $246.0M | ||
| Q2 25 | $484.0M | $128.0M | ||
| Q1 25 | $378.0M | $26.0M | ||
| Q4 24 | $359.0M | $206.0M | ||
| Q3 24 | $255.0M | $194.0M | ||
| Q2 24 | $110.0M | $133.0M | ||
| Q1 24 | $328.0M | $-86.0M |
自由现金流KEYSRIG
| Q4 25 | $187.0M | $321.0M | ||
| Q3 25 | $291.0M | $235.0M | ||
| Q2 25 | $457.0M | $104.0M | ||
| Q1 25 | $346.0M | $-34.0M | ||
| Q4 24 | $321.0M | $177.0M | ||
| Q3 24 | $222.0M | $136.0M | ||
| Q2 24 | $74.0M | $49.0M | ||
| Q1 24 | $281.0M | $-169.0M |
自由现金流率KEYSRIG
| Q4 25 | 13.2% | 30.8% | ||
| Q3 25 | 21.5% | 22.9% | ||
| Q2 25 | 35.0% | 10.5% | ||
| Q1 25 | 26.7% | -3.8% | ||
| Q4 24 | 24.9% | 18.6% | ||
| Q3 24 | 18.2% | 14.3% | ||
| Q2 24 | 6.1% | 5.7% | ||
| Q1 24 | 22.3% | -22.1% |
资本支出强度KEYSRIG
| Q4 25 | 2.7% | 2.7% | ||
| Q3 25 | 2.3% | 1.1% | ||
| Q2 25 | 2.1% | 2.4% | ||
| Q1 25 | 2.5% | 6.6% | ||
| Q4 24 | 3.0% | 3.0% | ||
| Q3 24 | 2.7% | 6.1% | ||
| Q2 24 | 3.0% | 9.8% | ||
| Q1 24 | 3.7% | 10.9% |
现金转化率KEYSRIG
| Q4 25 | 0.97× | 13.96× | ||
| Q3 25 | 1.69× | — | ||
| Q2 25 | 1.88× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | — | 29.43× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.87× | — | ||
| Q1 24 | 1.91× | -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
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
